3Q22 Supplemental Slides
Exhibit 99.3
3Q22 Supplemental Slides1
Chief Financial Officer
- These slides highlight information in
MetLife, Inc.'s earnings release, quarterly financial supplement and other prior public disclosures.
Table of contents
|
Topic |
Page No. |
||
|
Variable investment income (VII) |
6 |
||
|
Direct expense ratio |
8 |
||
|
Value of new business (VNB) |
9 |
||
|
Cash & capital |
10 |
||
|
Appendix |
11 |
||
2
Net income (loss) to adjusted earnings
|
3Q22 |
||
|
(post-tax) |
$ in millions |
$ per share1 |
|
Net Income (Loss) |
|
|
|
Less: |
||
|
Net Investment Gains (Losses) |
(327) |
(0.41) |
|
Net Derivative Gains (Losses)2 |
(106) |
(0.13) |
|
Investment Hedge Adjustments |
(199) |
(0.25) |
|
Actuarial Assumption Review2,3 |
20 |
0.02 |
|
Other2 |
(23) |
(0.03) |
|
Adjusted Earnings |
|
|
|
Less Notable Items: Actuarial Assumption Review3 |
34 |
0.04 |
|
Adjusted Earnings ex. Total Notable Items |
|
|
- The per share data for each item is calculated on a standalone basis and may not sum to the total.2 The Actuarial Assumption Review line item reflecting
$20 million of
|
after-tax gains includes |
3 |
|
Gains (Losses) or Other line items. 3 Includes other insurance adjustments. |
3Q22 actuarial assumption review & other insurance adjustments
Impact
|
($ in millions - post-tax) |
Adjusted |
Non-Adjusted |
Net Income |
|
Earnings |
Earnings |
||
|
RIS1 |
|
- |
|
|
|
23 |
5 |
28 |
|
|
7 |
- |
7 |
|
EMEA |
4 |
(2) |
2 |
|
|
(91) |
17 |
(74) |
|
Total |
|
|
|
|
Total per Share2 |
|
|
|
Highlights
- MLH: Unfavorable impacts in Annuities partially offset by positive impacts in Life
-
- Annuities: Lowered variable annuity annuitization and lapse assumptions
- Life: Higher earned rates and favorable mortality
- RIS: Reinsurance recapture gain
U.S. mean reversion interest rate unchanged at 2.75%- Maintained our long-term mortality assumptions
|
1 Retirement and Income Solutions. 2 The per share data for each item is calculated on a standalone basis and may not sum to the total. |
4 |
Adjusted earnings, ex. total notable items, by segment
|
($ in millions - post-tax) |
3Q22 |
3Q21 |
% Change |
% Change |
|
|
|
( |
Favorable |
Unfavorable |
||||
|
Group Benefits |
|
|
259% |
Underwriting Margins; |
Expense Margins; |
|
|
Volume Growth |
Investment Margins |
|||||
|
Retirement and Income Solutions |
254 |
784 |
(68%) |
Volume Growth |
Investment Margins; |
|
|
Underwriting Margins |
||||||
|
|
653 |
895 |
(27%) |
|||
|
|
174 |
648 |
(73%) |
(73%) |
Volume Growth |
Investment Margins; |
|
Underwriting Margins |
||||||
|
|
164 |
31 |
NM2 |
NM2 |
Underwriting Margins; |
|
|
Volume Growth |
||||||
|
EMEA |
56 |
100 |
(44%) |
(31%) |
Underwriting Margins |
|
|
|
150 |
659 |
(77%) |
Underwriting Margins |
Investment Margins; |
|
|
Equity Markets |
||||||
|
Corporate & Other |
(265) |
(131) |
Taxes; |
|||
|
Investment Margins; |
||||||
|
Expenses |
||||||
|
Adjusted Earnings ex. Total Notable Items |
|
|
(58%) |
(57%) |
||
|
Adjusted EPS ex. Total Notable Items |
|
|
(55%) |
(54%) |
||
1 To be discussed on
5
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Disclaimer



SIRIUSPOINT LTD FILES (8-K) Disclosing Results of Operations and Financial Condition, Costs Associated with Exit or Disposal Activities, Change in Directors or Principal Officers, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits
SIRIUSPOINT LTD – 10-Q – Management's Discussion and Analysis of Financial Condition and Results of Operations
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