‰ Amortization of DAC and VOBA excludes amounts related to: (i) net investment gains (losses) and net derivative gains (losses), (ii) GMIB Fees and GMIB Costs, and (iii) Market Value Adjustments; ‰ Amortization of negative VOBA excludes amounts related to Market Value Adjustments; ‰ Interest expense on debt excludes certain amounts related to securitization entities that are VIEs consolidated under GAAP; and ‰ Other expenses excludes costs related to: (i) noncontrolling interests, (ii) implementation of new insurance regulatory requirements, and (iii) acquisition and integration costs. Set forth in the tables below is certain financial information with respect to the Company’s segments, as well as Corporate & Other, for the years ended December 31, 2012, 2011 and 2010 and at December 31, 2012 and 2011. The segment accounting policies are the same as those used to prepare the Company’s consolidated financial statements, except for operating earnings adjustments as defined above. In addition, segment accounting policies include the method of capital allocation described below. Economic capital is an internally developed risk capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model accounts for the unique and specific nature of the risks inherent in the Company’s business. The Company’s economic capital model aligns segment allocated equity with emerging standards and consistent risk principles. Segment net investment income is credited or charged based on the level of allocated equity; however, changes in allocated equity do not impact the Company’s consolidated net investment income, operating earnings or income (loss) from continuing operations, net of income tax. MetLife, Inc. Notes to the Consolidated Financial Statements — (Continued) At December 31, 2012 Retail Group, Voluntary & Worksite Benefits Corporate Benefit Funding Latin America Asia (1) EMEA Corporate & Other Total (In millions) Total assets ................ $332,387 $44,138 $217,352 $23,272 $131,138 $23,474 $65,020 $836,781 Separate account assets ..... $150,513 $ 532 $ 71,875 $ 4,200 $ 8,273 $ — $ — $235,393 Separate account liabilities ... $150,513 $ 532 $ 71,875 $ 4,200 $ 8,273 $ — $ — $235,393 (1) Total assets includes $111.0 billion of assets from the Japan operations which represents 13% of total consolidated assets. MetLife, Inc. 97 Operating Earnings Americas Year Ended December 31, 2012 Retail Group, Voluntary & Worksite Benefits Corporate Benefit Funding Latin America Total Asia EMEA Corporate & Other Total Adjustments Total Consolidated (In millions) Revenues Premiums ...................$ 6,532 $14,794 $ 3,237 $ 2,578 $ 27,141 $ 8,344 $ 2,370 $ 56 $37,911 $ 64 $37,975 Universal life and investment-type product policy fees .......... 4,561 662 225 785 6,233 1,491 333 155 8,212 344 8,556 Net investment income ......... 7,670 1,768 5,703 1,198 16,339 2,895 535 703 20,472 1,512 21,984 Other revenues ............... 879 422 259 16 1,576 26 121 33 1,756 150 1,906 Net investment gains (losses) .... — — — — — — — — — (352) (352) Net derivative gains (losses) ..... — — — — — — — — — (1,919) (1,919) Total revenues .............. 19,642 17,646 9,424 4,577 51,289 12,756 3,359 947 68,351 (201) 68,150 Expenses Policyholder benefits and claims and policyholder dividends .... 9,010 13,691 5,704 2,231 30,636 5,819 1,196 119 37,770 1,586 39,356 Interest credited to policyholder account balances ........... 2,375 167 1,358 393 4,293 1,784 126 39 6,242 1,487 7,729 Goodwill impairment ........... — — — — — — — — — 1,868 1,868 Capitalization of DAC...................... (1,753) (138) (29) (353) (2,273) (2,288) (723) — (5,284) (5) (5,289) Amortization of DAC and VOBA . . . 1,607 133 22 224 1,986 1,563 626 2 4,177 22 4,199 Amortization of negative VOBA . . . — — — (5) (5) (456) (94) — (555) (67) (622) Interest expense on debt ........ — 1 8 (1) 8 5 1 1,176 1,190 166 1,356 Other expenses ............... 5,369 2,351 478 1,375 9,573 4,738 1,810 559 16,680 1,431 18,111 Total expenses ............. 16,608 16,205 7,541 3,864 44,218 11,165 2,942 1,895 60,220 6,488 66,708 Provision for income tax expense (benefit) ................... 1,032 481 659 130 2,302 554 146 (679) 2,323 (2,195) 128 Operating earnings .......... $ 2,002 $ 960 $ 1,224 $ 583 $ 4,769 $ 1,037 $ 271 $ (269) 5,808 Adjustments to: Total revenues ............................................................................... (201) Total expenses ............................................................................... (6,488) Provision for income tax (expense) benefit .......................................................... 2,195 Income (loss) from continuing operations, net of income tax ....................................... $ 1,314 $ 1,314