www.metlife.com<\/a><\/span>.\n<\/p>\n\nMetLife\u2019s definitions of non-GAAP and other financial measures discussed in this news release may differ from those used by other companies:\n<\/p>\n
Adjusted earnings and related measures<\/i><\/b><\/p>\n\n- \nadjusted earnings;\n<\/li>\n
- \nadjusted earnings available to common shareholders;\n<\/li>\n
- \nadjusted earnings available to common shareholders on a constant currency basis;\n<\/li>\n
- \nadjusted earnings available to common shareholders, excluding total notable items;\n<\/li>\n
- \nadjusted earnings available to common shareholders, excluding total notable items, on a constant currency basis;\n<\/li>\n
- \nadjusted earnings available to common shareholders per diluted common share;\n<\/li>\n
- \nadjusted earnings available to common shareholders on a constant currency basis per diluted common share;\n<\/li>\n
- \nadjusted earnings available to common shareholders, excluding total notable items per diluted common share; and\n<\/li>\n
- \nadjusted earnings available to common shareholders, excluding total notable items, on a constant currency basis per diluted common share.\n<\/li>\n<\/ul>\n
\nThese measures are used by management to evaluate performance and allocate resources. Consistent with GAAP guidance for segment reporting, adjusted earnings and components of, or other financial measures based on, adjusted earnings are also MetLife\u2019s GAAP measures of segment performance. Adjusted earnings and other financial measures based on adjusted earnings are also the measures by which MetLife senior management\u2019s and many other employees\u2019 performance is evaluated for the purposes of determining their compensation under applicable compensation plans. Adjusted earnings and other financial measures based on adjusted earnings allow analysis of MetLife’s performance relative to its business plan and facilitate comparisons to industry results.\n<\/p>\n
\nAdjusted earnings is defined as adjusted revenues less adjusted expenses, net of income tax. Adjusted loss is defined as negative adjusted earnings. Adjusted earnings available to common shareholders is defined as adjusted earnings less preferred stock dividends.\n<\/p>\n
Adjusted revenues and adjusted expenses<\/i><\/b><\/p>\n
\nThese financial measures, along with the related adjusted premiums, fees and other revenues, focus on our primary businesses principally by excluding the impact of market volatility, which could distort trends, and revenues and costs related to non-core products and certain entities required to be consolidated under GAAP. Also, these measures exclude results of discontinued operations under GAAP and other businesses that have been or will be sold or exited by MetLife but do not meet the discontinued operations criteria under GAAP and are referred to as divested businesses. Divested businesses also include the net impact of transactions with exited businesses that have been eliminated in consolidation under GAAP and costs relating to businesses that have been or will be sold or exited by MetLife that do not meet the criteria to be included in results of discontinued operations under GAAP.\n<\/p>\n
\nAdjusted revenues also excludes net investment gains (losses) (NIGL) and net derivative gains (losses) (NDGL). Adjusted expenses also excludes goodwill impairments.\n<\/p>\n
\nThe following additional adjustments are made to revenues, in the line items indicated, in calculating adjusted revenues:\n<\/p>\n