Metlife, Inc. · NYSE:MET
Metlife — Barclays Conference May 6-7, 2009
16 slides from Metlife's conference presentation, May 6, 2009
Slide 1: Bill Toppeta, President MetLife International, Barclays Conference
Bill Toppeta President MetLife International Barclays Conference May 6-7, 2009
Slide 2: Safe Harbor Statement
Safe Harbor Statement These materials may contain or incorporate by reference information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements give expectations or forecasts of future events.
Slide 3: Explanatory Note on Non-GAAP Financial Information
Explanatory Note on Non-GAAP Financial Information All references in this presentation to net income (loss), net income (loss) per share, operating earnings and operating earnings per share should be read as net income (loss) available to MetLife, Inc.'s common shareholders, net income (loss) availa
Slide 4: Key Themes
Key Themes MetLife: Big, Strong and Trusted International is an increasingly important part of MetLife International is a growth engine for MetLife Sound strategy and focus on the fundamentals International diversification provides earnings stability Growth continues despite difficult macroeconomic
Slide 5: Big, Strong & Trusted
Big, Strong & Trusted Metropolitan Life Insurance Company established 1868 Ranked 39 in the Fortune 500 top companies (based on revenues, 2008) With $3.6 trillion of life insurance in force as of 12/31/08, making MetLife the #1 U.S. life insurer More than 56,000 employees globally More than 70 milli
Slide 6: MetLife has access to over 90% of the world's life insurance market
LatAm Region: - - Argentina - - Brazil - - Chile - Mexico - Uruguay EIME Region: - - Belgium - - India - - Ireland - - Poland - - UK Asia Pac Region: - - Australia - - China - - Hong Kong - - Japan - - South Korea - - Taiwan 1 Life insurance premium generated in countries where MetLife is licensed t
Slide 7: International is becoming an increasingly important part of MetLife
International is becoming an increasingly important part of MetLife... 2004 2008 3rd Qtr 4th Qtr East 0.92 0.86 90 20.4 Premiums & Fees 0.08 0.14 34.6 31.6 North 45.9 46.9 45 43.9 2004 2008 3rd Qtr 4th Qtr East 0.92 0.86 90 20.4 Operating Earnings 0.06 0.19 34.6 31.6 North 45.9 46.9 45 43.9 Increasi
Slide 8: International as a growth engine for MetLife
2004 2006 2007 2008 2085 180 423 4583 APAC 51 84 160 143 EMEI -6 -45 -26 -37 .... by serving as a growth engine for MetLife 2004 2006 2007 2008 156 1925.3 2203.7 522 APAC 1070.2 1345.3 1607.2 1700.4 EMEI 130.8 284.7 303.5 410.3 21% CAGR $2,085 $4,583 ($ Millions) Premiums, Fees & Other $156 $522 Ope
Slide 9: Sound International strategy based on diversification and focus on the fundamentals
Sound International strategy based on diversification and focus on the fundamentals Focusing on middle market and mass affluent consumers Customers Delivering quality risk & protection and retirement & savings products Products Distributing through proprietary channels and third party distributors L
Slide 10: Diversified business models - a source of strength, stability and growth
Diversified business models - a source of strength, stability and growth Mexico Primarily Government workers in B, C and D market segments with growing presence in private market Group Life and Major Medical sold directly and through brokers Individual Universal Life sold through work-site marketing
Slide 11: Broad diversification improves risk profile and produces strong results
2009 Banks 683.5 DM 669.8 Financial Advisors 380.1 Institutional(Brokers & Direct) 669.5 Proprietary Agents 947.1 WSM 1144 2009 Group Life 778.7 Group Medical 375.3 UL 503.3 Traditional Life 1109.7 Payment Protection 505.2 VA/VUL 539.5 Fixed Annuity 403.6 Other 397.7 Our broad diversification improv
Slide 12: China: Distribution expansion continues
Sales force: In 2008, MetLife China added 488 sales representatives for combined Agency, Bancassurance and DM channels, raising our total to 2,462 During 1Q09, the sales force has increased to 2,702 and will be increased to 3,271 by the end of 2009 Branch expansion: Since the beginning of 2008 our C
Slide 13: India: Growth of agency and new business
New business growth 1: MetLife India new sales in 2008 up 87% YOY vs. 14% for Industry and 41% for private life insurers Jan-Feb 2009, new sales grew 8% while the Industry dropped 22% compared to Jan-Feb 2008 Agency growth: Our business in India expanded its agency sales force from 32,389 to 53,766,
Slide 14: Brazil Dental: Rapid growth of MetLife capabilities
2004 2005 2006 2007 'Nov 08 'Mar 09 2010 2011 Sales 10 27 53 152.5 312 739 538 570 2004 2005 2006 2007 'Nov 08 'Mar 09 2010 2011 10 27 53 152.5 128000 154000 538 570 2004 2005 2006 2007 'Nov 08 'Mar 09 2010 2011 10 27 53 152.5 4000 7800 538 570 Dentist Network Number of Cities Covered People Brazil
Slide 15: MetLife International is still all about Growth
MetLife International is still all about Growth International is an increasingly important part of MetLife International growth based upon diversification: geographic, business model, product and distribution Sound strategy and focus on the fundamentals Growth continues despite a challenging environ
Slide 16: MetLife
MetLife