MetLife, Inc. · NYSE:MET

MetLife — Q1 2017 Earnings Presentation

9 slides from MetLife's earnings presentation, May 3, 2017

1. Slide 1: 1Q17 Supplemental Slides

   Exhibit 99.3 1Q17 Supplemental Slides John C. R. Hele Chief Financial Officer

2. Slide 2: Table of Contents

   Table of Contents Page Effect of Derivative Losses…………………………..…………. 3 Net Derivative Gains (Losses)…………………………………. 4 Explanatory Note on Non-GAAP Financial Information……… 5 2

3. Slide 3: Effect of Derivative Losses

   Effect of Derivative Losses (In millions) – Post-tax 1Q17 Net Income (Loss) $820 Less: Net Investment Gains(Losses) 5 Less: Net Derivative Gains (Losses) (602) Less: Investment Hedge Adjustments (139) Less: Other 10 Operating Earnings* $1,546 *Available to common shareholders. See Explanatory Note o

4. Slide 4: Net Derivative Gains (Losses)

   Net Derivative Gains (Losses) (In millions) – Post-tax 1 RemainCo Brighthouse Financial Total Company 1Q17 1Q17 1Q17 Asymmetrical and Asymmetrical and Asymmetrical and Reported Non-Economic Reported Non-Economic Reported Non-Economic Non-VA Program Interest Rate (109) (163) (17) (62) (126) (225) For

5. Slide 5: Explanatory Note on Non-GAAP Financial Information

   Explanatory Note on Non-GAAP Financial Information Any references in this presentation (except in this Explanatory Note on Non-GAAP Financial Information) to: should be read as, respectively: (i) net income (loss); and (i) net income (loss) available to MetLife, Inc.’s common shareholders; and (ii)

6. Slide 6: Explanatory Note on Non-GAAP Financial Information (Continued)

   Explanatory Note on Non-GAAP Financial Information (Continued) Operating earnings and related measures • operating earnings available to common shareholders These measures are used by management to evaluate performance and allocate resources. Consistent with GAAP guidance for segment reporting, oper

7. Slide 7: Explanatory Note on Non-GAAP Financial Information (Continued)

   Explanatory Note on Non-GAAP Financial Information (Continued) The following additional adjustments are made to expenses, in the line items indicated, in calculating operating expenses: • Policyholder benefits and claims and policyholder dividends excludes: (i) changes in the policyholder dividend o

8. Slide 8: Explanatory Note on Non-GAAP Financial Information (Continued)

   Explanatory Note on Non-GAAP Financial Information (Continued) Reconciliation of Net income (loss) available to common shareholders to operating earnings available to common shareholders For the Three Months Ended March 31, 2017 (In millions) Net Income (loss) available to MetLife, Inc.'s common sha

9. Slide 9: MetLife - Navigating life together

   iy MetLife Navigating life together

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