Metlife, Inc. · NYSE:MET

Metlife — Merger or Acquisition (May 2023)

8 slides from Metlife's merger presentation, May 25, 2023

  1. Slide 1: MetLife Announces ~$19.2 Billion Risk Transfer Transaction and Increase to Share Repurchase Authorization

    Exhibit 99.2 MetLife Announces ~$19.2 Billion Risk Transfer Transaction and Increase to Share Repurchase Authorization May 25, 2023

  2. Slide 2: Cautionary Statement on Forward-Looking Statements

    Cautionary Statement on Forward-Looking Statements The forward-looking statements in this presentation, using words such as “anticipate,” “are confident,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “grow,” “guidance,” “if,” “intend,” “likely,” “long-term,” “may,” “near-term,” “o

  3. Slide 3: Executing on Next Horizon strategy

    Executing on Next Horizon strategy • Entering ~$19.2 billion risk transfer transaction with Global Atlantic Accelerate Run- Reduce Favorable off of Legacy Enterprise Risk Financial Impacts Retail Business 3

  4. Slide 4: Transaction overview

    1 Transaction overview • Universal life, variable universal life, and universal life with secondary Transaction guarantees statutory reserves totaling $14 billion Scope • Fixed annuity statutory reserves totaling $5.2 billion • Reinsurance on a coinsurance and modified coinsurance basis Transaction

  5. Slide 5: Other transaction considerations

    Other transaction considerations • Five-year agreement with MetLife Investment Management Investment Management • Covers ~40% of General Account Assets transferred • Continue to be responsible for administration Administration • Continue to provide customer service • Expected to close in second half

  6. Slide 6: Appendix

    Appendix iil MetLife

  7. Slide 7: Use of Non-GAAP Financial Information

    Use of Non-GAAP Financial Information Any references in this presentation (except in this Use of Non-GAAP Financial Information) to: Should be read as, respectively: (i) adjusted earnings; (i) adjusted earnings available to common shareholders; (ii) adjusted earnings per share; (ii) Adjusted earning

  8. Slide 8: iy’ MetLife

    iy’ MetLife

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