MetLife, Inc. Notes to the Consolidated Financial Statements — (Continued) Net investment income is based upon the actual results of each segment’s specifically identifiable investment portfolio adjusted for allocated equity. Other costs are allocated to each of the segments based upon: (i) a review of the nature of such costs; (ii) time studies analyzing the amount of employee compensation costs incurred by each segment; and (iii) cost estimates included in the Company’s product pricing. The following table presents total premiums, universal life and investment-type product policy fees and other revenues by major product groups of the Company’s segments as well as Corporate & Other: MetLife, Inc. 99 Operating Earnings Americas Year Ended December 31, 2010 Retail Group, Voluntary & Worksite Benefits Corporate Benefit Funding Latin America Total Asia EMEA Corporate & Other Total Adjustments Total Consolidated (In millions) Revenues Premiums ............ $ 6,491 $14,100 $2,345 $1,969 $24,905 $1,716 $ 439 $ 11 $27,071 $ — $27,071 Universal life and investment-type product policy fees . . . 3,655 616 226 630 5,127 502 50 138 5,817 211 6,028 Net investment income ............ 7,644 1,702 5,280 927 15,553 497 155 650 16,855 638 17,493 Other revenues ........ 633 369 247 12 1,261 14 9 109 1,393 935 2,328 Net investment gains (losses) ............ — — — — — — — — — (408) (408) Net derivative gains (losses) ............ — — — — — — — — — (265) (265) Total revenues ...... 18,423 16,787 8,098 3,538 46,846 2,729 653 908 51,136 1,111 52,247 Expenses Policyholder benefits and claims and policyholder dividends .......... 8,835 13,112 4,677 1,829 28,453 1,351 137 33 29,974 698 30,672 Interest credited to policyholder account balances ........... 2,381 192 1,447 370 4,390 183 124 — 4,697 222 4,919 Goodwill impairment .... — — — — — — — — — — — Capitalization of DAC . . . (1,769) (187) (18) (221) (2,195) (459) (116) — (2,770) — (2,770) Amortization of DAC and VOBA ............. 1,724 181 16 144 2,065 290 87 1 2,443 34 2,477 Amortization of negative VOBA ............. — — — (1) (1) (49) (7) — (57) (7) (64) Interest expense on debt .............. 2 — 8 1 11 1 1 1,124 1,137 413 1,550 Other expenses ....... 5,059 2,193 494 901 8,647 1,142 434 379 10,602 1,132 11,734 Total expenses ...... 16,232 15,491 6,624 3,023 41,370 2,459 660 1,537 46,026 2,492 48,518 Provision for income tax expense (benefit) .... 735 427 516 92 1,770 46 — (402) 1,414 (304) 1,110 Operating earnings .. $ 1,456 $ 869 $ 958 $ 423 $ 3,706 $ 224 $ (7) $ (227) 3,696 Adjustments to: Total revenues .......................................................................... 1,111 Total expenses .......................................................................... (2,492) Provision for income tax (expense) benefit ..................................................... 304 Income (loss) from continuing operations, net of income tax ................................. $ 2,619 $ 2,619