MetLife, Inc. (NYSE:MET) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants John Hall - Head of IR Michel Khalaf - President & CEO John McCallion - EVP & CFO Steven Goulart - EVP & Chief Investment Officer Ramy Tadros - President, U.S. Business Lyndon Oliver - Regional President, Asia Conference Call Participants Ryan Krueger - KBW Elyse Greenspan - Wells Fargo Erik Bass - Autonomous Research Jamminder Bhullar - JP Morgan Thomas Gallagher - Evercore ISI Suneet Kamath - Jeffries ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-15787 _____________________________________ MetLife, Inc. (Exact name of registrant as sp ...

1 2Q23 Supplemental Slides John McCallion Chief Financial Officer 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. Financial results in this presentation reflect LDTI accounting, pursuant to Financial Accounting Standa ...

1 1Q23 Supplemental Slides John McCallion Chief Financial Officer 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures. Financial results in this presentation reflect LDTI accounting, pursuant to Financial Accounting Standa ...

MetLife, Inc. (NYSE:MET) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants John Hall - Head of IR Michel Khalaf - President & CEO John McCallion - EVP & CFO Steven Goulart - EVP & Chief Investment Officer Eric Clurfain - Regional President, Latin America Ramy Tadros - President, U.S. Business Lyndon Oliver - Regional President, Asia Conference Call Participants Tom Gallagher - Evercore Erik Bass - Autonomous Research Tracy Benguigui - Barclays Ryan Krueger - KBW John Barnidge - Pi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number: 001-15787 _____________________________________ MetLife, Inc. (Exact name of registrant as s ...

Market Position and Business Strategy - MetLife holds leading market positions in the U.S., Japan, Latin America, Asia, Europe, and the Middle East, and is one of the largest institutional investors in the U.S. with a general account portfolio primarily invested in fixed income securities and mortgage loans[13]. - The company aims to generate strong free cash flow by deploying capital to high-value opportunities, simplify its business for operational efficiency, and differentiate through brand, scale, talent, and innovation[14]. - MetLife's diversified business model and financial strength are expected to drive future growth and mitigate risks associated with economic uncertainties[13]. - The company emphasizes the importance of operational efficiency and customer experience in its strategy to enhance shareholder value[14]. Product Offerings - MetLife's U.S. segment offers a broad range of protection products, including life, dental, disability, and accident & health insurance, with a focus on voluntary products to enhance sales[16]. - The Group Benefits business has established a leading position in the U.S. group insurance market, emphasizing relationships with large corporate employers and expanding product offerings[17]. - Retirement and Income Solutions (RIS) provides funding and financing solutions to institutional customers, helping them manage liabilities associated with employee benefit programs[20]. - Major products in Asia include whole and term life, endowments, universal and variable life, as well as group life products[31]. - Major products in EMEA include traditional and non-traditional life insurance, personal accident, and supplemental health products[37]. Regulatory Environment - Regulatory approval is generally required for rates on individual life insurance products, which are highly regulated and renewed annually[47]. - The regulatory environment is expected to continue to increase in scope and oversight, which could materially harm the company's results of operations[51]. - The NAIC's updated model acts and regulations focus on capital requirements, corporate governance, risk management, and liquidity stress testing, impacting MetLife's financial regulation[62]. - The New York Department of Financial Services (NYDFS) is prioritizing diversity in corporate governance for insurers, collecting data from companies like MetLife to measure progress in leadership diversity[72]. Financial Performance and Risks - Net income available to common shareholders decreased by $4.0 billion, primarily due to an unfavorable change in net investment gains of $2.8 billion and a decrease in adjusted earnings available to common shareholders by $2.4 billion[200]. - The company faces various economic risks, including interest rate fluctuations, which may impact revenue growth and investment opportunities[118]. - Interest rate risks could reduce investment spreads and net income, particularly during periods of rapidly increasing rates[120]. - The company may experience increased defaults, downgrades, and volatility in its investment portfolio due to economic downturns or public health issues[148]. Environmental and Social Governance - The company announced a goal to achieve net zero greenhouse gas emissions for its global operations and investment portfolio by 2050 or sooner[143]. - The New York Department of Financial Services (NYDFS) expects insurers to integrate climate-related financial risks into governance and risk management processes[91]. - The SEC proposed rules requiring additional climate-related disclosures in financial statements, impacting how the company reports its risks[92]. Workforce and Diversity - The company had approximately 45,000 employees as of December 31, 2022, emphasizing talent attraction, retention, and holistic well-being[105]. - The company aims for top-quartile performance in workforce diversity, with women representing 25% of the Executive Leadership Team and 20% of the Board of Directors[107]. - The company has committed $5 million over three years to advance racial equity in the U.S., alongside other diversity and inclusion initiatives[107]. Investment and Capital Management - The company expects to maintain a two-year average annual ratio of free cash flow to adjusted earnings at 65% to 75%[207]. - The investment portfolio is highly diversified and positioned to perform well in various economic scenarios[205]. - The company has implemented targeted improvements to the accounting for long-duration contracts (LDTI)[204]. Challenges and Uncertainties - The company may face challenges in paying dividends or repurchasing stock due to legal and regulatory restrictions, cash buffer needs, and market conditions[144]. - The cessation of U.S. Dollar LIBOR settings is scheduled for June 30, 2023, with the transition to alternative reference rates being actively monitored and managed by the company[99]. - The company may struggle to find adequate reinsurance, which could increase its risk exposure and affect future business writing capabilities[136].

1 4Q22 Supplemental Slides and Outlook John McCallion Chief Financial Officer 1 These slides highlight information in MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public ...

MetLife, Inc. (NYSE:MET) Q4 2022 Earnings Conference Call February 2, 2023 9:00 AM ET Company Participants John Hall - Head of Investor Relations Michel Khalaf - President & Chief Executive Officer John McCallion - Executive Vice President & Chief Financial Officer Ramy Tadros - President, U.S. Business Eric Clurfain - Regional President, Latin America Steven Goulart - Executive Vice President & Chief Investment Officer Conference Call Participants Erik Bass - Autonomous Research Tom Gallagher - Evercore Ry ...

MetLife, Inc. (NYSE:MET) Q3 2022 Earnings Conference Call November 3, 2022 9:00 AM ET Company Participants John Hall - Head of Investor Relations Michel Khalaf - President & Chief Executive Officer John McCallion - Executive Vice President & Chief Financial Officer Steven Goulart - Executive Vice President & Chief Investment Officer Ramy Tadros - President, U.S. Business Eric Clurfain - Regional President, Latin America Conference Call Participants Jimmy Bhullar - JPMorgan Ryan Krueger - KBW Tom Gallagher - ...