Método de prueba

The Company issues variable annuity products with guaranteed minimum benefits. The non-life contingent portion of GMWBs and the portion of certain GMIBs that does not require annuitization are accounted for as embedded derivatives in PABs and are further discussed in Note 9. Guarantees accounted for as insurance liabilities include:

Guarantee: Measurement Assumptions:

GMDBs _Š A return of purchase payment upon death even if the account value is reduced to zero.

Š An enhanced death benefit may be available for an additional fee.

Š Present value of expected death benefits in excess of the projected account balance recognizing the excess ratably over the accumulation period based on the present value of total expected assessments.

Š Assumptions are consistent with those used for amortizing DAC, and are thus subject to the same variability and risk.

Š Investment performance and volatility assumptions are consistent with the historical experience of the appropriate underlying equity index, such as the S&P 500 Index.

Š Benefit assumptions are based on the average benefits payable over a range of scenarios.

GMIBs Š After a specified period of time determined at the time of issuance of the variable annuity contract, a minimum accumulation of purchase payments, even if the account value is reduced to zero, that can be annuitized to receive a monthly income stream that is not less than a specified amount.

Š Certain contracts also provide for a guaranteed lump sum return of purchase premium in lieu of the annuitization benefit.

Š Present value of expected income benefits in excess of the projected account balance at any future date of annuitization and recognizing the excess ratably over the accumulation period based on present value of total expected assessments.

Š Assumptions are consistent with those used for estimating GMDB liabilities.

Š Calculation incorporates an assumption for the percentage of the potential annuitizations that may be elected by the contractholder. GMWBs _Š A return of purchase payment via partial withdrawals,

even if the account value is reduced to zero, provided that cumulative withdrawals in a contract year do not exceed a certain limit.

Š Certain contracts include guaranteed withdrawals that are life contingent.

Š Expected value of the life contingent payments and expected assessments using assumptions consistent with those used for estimating the GMDB liabilities.

The Company also issues annuity contracts that apply a lower rate on funds deposited if the contractholder elects to surrender the contract for cash and a higher rate if the contractholder elects to annuitize (“two tier annuities”). These guarantees include benefits that are payable in the event of death, maturity or at annuitization. Additionally, the Company issues universal and variable life contracts where the Company contractually guarantees to the contractholder a secondary guarantee or a guaranteed paid-up benefit.

MetLife, Inc.

Notes to the Consolidated Financial Statements — (Continued)

4. Insurance (continued)

Information regarding the liabilities for guarantees (excluding base policy liabilities and embedded derivatives) relating to annuity and universal and variable life contracts was as follows:

Annuity Contracts

Universal and Variable Life Contracts GMDBs GMIBs Secondary Guarantees Paid-Up Guarantees Total (In millions)

Direct and Assumed

Balance at January 1, 2011 . . . $ 272 $ 623 $3,991 $198 $ 5,084 Incurred guaranteed benefits (1) . . . 273 269 496 23 1,061 Paid guaranteed benefits . . . (113) (10) (24) — (147) Balance at December 31, 2011 . . . 432 882 4,463 221 5,998 Incurred guaranteed benefits (1) . . . 252 771 348 25 1,396 Paid guaranteed benefits . . . (117) (18) (26) — (161) Balance at December 31, 2012 . . . 567 1,635 4,785 246 7,233 Incurred guaranteed benefits (1) . . . 200 229 (64) 20 385 Paid guaranteed benefits . . . (82) (13) (23) — (118) Balance at December 31, 2013 . . . $ 685 $1,851 $4,698 $266 $7,500

Ceded

Balance at January 1, 2011 . . . $ 39 $ (1) $ 594 $139 $ 771 Incurred guaranteed benefits . . . 35 9 20 16 80 Paid guaranteed benefits . . . (20) — — — (20) Balance at December 31, 2011 . . . 54 8 614 155 831 Incurred guaranteed benefits . . . 22 1 139 18 180 Paid guaranteed benefits . . . (20) — — — (20) Balance at December 31, 2012 . . . 56 9 753 173 991 Incurred guaranteed benefits . . . (5) — 175 14 184 Paid guaranteed benefits . . . (10) (2) — — (12) Balance at December 31, 2013 . . . $ 41 $ 7 $ 928 $187 $1,163

Net

Balance at January 1, 2011 . . . $ 233 $ 624 $3,397 $ 59 $4,313 Incurred guaranteed benefits . . . 238 260 476 7 981 Paid guaranteed benefits . . . (93) (10) (24) — (127) Balance at December 31, 2011 . . . 378 874 3,849 66 5,167 Incurred guaranteed benefits . . . 230 770 209 7 1,216 Paid guaranteed benefits . . . (97) (18) (26) — (141) Balance at December 31, 2012 . . . 511 1,626 4,032 73 6,242 Incurred guaranteed benefits . . . 205 229 (239) 6 201 Paid guaranteed benefits . . . (72) (11) (23) — (106) Balance at December 31, 2013 . . . $ 644 $1,844 $3,770 $ 79 $6,337 (1) Secondary guarantees include the effects of foreign currency translation of ($597) million, ($39) million and $231 million at December 31, 2013,

2012 and 2011, respectively.

Account balances of contracts with insurance guarantees were invested in separate account asset classes as follows at:

December 31,

MetLife, Inc.

Notes to the Consolidated Financial Statements — (Continued)

4. Insurance (continued)

Based on the type of guarantee, the Company defines net amount at risk as listed below. These amounts include direct and assumed business, but exclude offsets from hedging or reinsurance, if any.

Variable Annuity Guarantees In the Event of Death

Defined as the death benefit less the total contract account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date and includes any additional contractual claims associated with riders purchased to assist with covering income taxes payable upon death.

At Annuitization

Defined as the amount (if any) that would be required to be added to the total contract account value to purchase a lifetime income stream, based on current annuity rates, equal to the minimum amount provided under the guaranteed benefit. This amount represents the Company’s potential economic exposure to such guarantees in the event all contractholders were to annuitize on the balance sheet date, even though the contracts contain terms that allow annuitization of the guaranteed amount only after the 10th anniversary of the contract, which not all contractholders have achieved.

Two Tier Annuities

Defined as the excess of the upper tier, adjusted for a profit margin, less the lower tier, as of the balance sheet date. These contracts apply a lower rate on funds if the contractholder elects to surrender the contract for cash and a higher rate if the contractholder elects to annuitize.

Universal and Variable Life Contracts

Defined as the guarantee amount less the account value, as of the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts on the balance sheet date.

Information regarding the types of guarantees relating to annuity contracts and universal and variable life contracts was as follows at: December 31, 2013 2012 In the Event of Death At Annuitization In the Event of Death At Annuitization (In millions) Annuity Contracts (1)

Variable Annuity Guarantees

Total contract account value (2) . . . $201,395 $100,527 $184,095 $ 89,137 Separate account value . . . $164,500 $ 96,459 $143,893 $ 84,354 Net amount at risk . . . $ 4,203 $ 1,219 $ 9,501 $ 4,593 Average attained age of contractholders . . . 63 years 63 years 62 years 62 years

Two Tier Annuities

General account value . . . N/A $ 880 N/A $ 848 Net amount at risk . . . N/A $ 234 N/A $ 232 Average attained age of contractholders . . . N/A 50 years N/A 51 years

December 31, 2013 2012 Secondary Guarantees Paid-Up Guarantees Secondary Guarantees Paid-Up Guarantees (In millions)

Universal and Variable Life Contracts (1)

Account value (general and separate account) . . . $ 16,048 $ 3,700 $ 14,256 $ 3,828 Net amount at risk . . . $185,920 $ 21,737 $189,197 $ 23,276 Average attained age of policyholders . . . 55 years 60 years 54 years 60 years (1) The Company’s annuity and life contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts

listed above may not be mutually exclusive.

(2) Includes amounts, which are not reported in the consolidated balance sheets, from assumed reinsurance of certain variable annuity products from the Company’s former operating joint venture in Japan.

MetLife, Inc.

Notes to the Consolidated Financial Statements — (Continued)

4. Insurance (continued)

Obligations Under Funding Agreements

The Company issues fixed and floating rate funding agreements, which are denominated in either U.S. dollars or foreign currencies, to certain special purpose entities (“SPEs”) that have issued either debt securities or commercial paper for which payment of interest and principal is secured by such funding agreements. During the years ended December 31, 2013, 2012 and 2011, the Company issued $37.7 billion, $35.1 billion and $39.9 billion, respectively, and repaid $36.8 billion, $31.1 billion and $41.6 billion, respectively, of such funding agreements. At December 31, 2013 and 2012, liabilities for funding agreements outstanding, which are included in PABs, were $31.2 billion and $30.0 billion, respectively.

Certain of the Company’s subsidiaries are members of regional banks in the FHLB system (“FHLBanks”). Holdings of common stock of FHLBanks, included in equity securities, were as follows at:

December 31, 2013 2012 (In millions) FHLB of NY . . . $700 $736 FHLB of Des Moines . . . $ 76 $ 83 FHLB of Boston . . . $ 64 $ 67 FHLB of Pittsburgh . . . $ 30 $ 14 Such subsidiaries have also entered into funding agreements with FHLBanks and the Federal Agricultural Mortgage Corporation, a federally chartered instrumentality of the U.S. (“Farmer Mac”). The liability for such funding agreements is included in PABs. Information related to such funding agreements was as follows at:

Liability Collateral December 31, 2013 2012 2013 2012 (In millions) FHLB of NY(1) . . . $12,770 $13,512 $14,287 (2) $14,611 (2) Farmer Mac(3) . . . $ 2,750 $ 2,750 $ 3,159 $ 3,159 FHLB of Des Moines(1) . . . $ 1,405 $ 1,405 $ 1,596 (2) $ 1,902 (2) FHLB of Boston(1) . . . $ 450 $ 450 $ 808 (2) $ 537 (2) FHLB of Pittsburgh(1) . . . $ 375 $ — $ 976 (2) $ 810 (2) (1) Represents funding agreements issued to the applicable FHLBank in exchange for cash and for which such FHLBank has been granted a lien on

certain assets, some of which are in the custody of such FHLBank, including residential mortgage-backed securities (“RMBS”), to collateralize obligations under advances evidenced by funding agreements. The Company is permitted to withdraw any portion of the collateral in the custody of such FHLBank as long as there is no event of default and the remaining qualified collateral is sufficient to satisfy the collateral maintenance level. Upon any event of default by the Company, such FHLBank’s recovery on the collateral is limited to the amount of the Company’s liability to such FHLBank. (2) Advances are collateralized by mortgage-backed securities. The amount of collateral presented is at estimated fair value.

(3) Represents funding agreements issued to certain SPEs that have issued debt securities for which payment of interest and principal is secured by such funding agreements, and such debt securities are also guaranteed as to payment of interest and principal by Farmer Mac. The obligations under these funding agreements are secured by a pledge of certain eligible agricultural real estate mortgage loans and may, under certain circumstances, be secured by other qualified collateral. The amount of collateral presented is at carrying value.

MetLife, Inc.

Notes to the Consolidated Financial Statements — (Continued)

4. Insurance (continued)

Liabilities for Unpaid Claims and Claim Expenses

Information regarding the liabilities for unpaid claims and claim expenses relating to property and casualty, group accident and non-medical health policies and contracts, which are reported in future policy benefits and other policy-related balances, was as follows:

Years Ended December 31,

2013 2012 2011

(In millions)

Balance at January 1, . . . $10,436 $10,117 $10,708 Less: Reinsurance recoverables . . . 1,581 1,436 2,198 Net balance at January 1, . . . 8,855 8,681 8,510 Incurred related to:

Current year . . . 8,660 8,399 9,028 Prior years (1) . . . (86) (69) (199)

Total incurred . . . 8,574 8,330 8,829 Paid related to:

Current year . . . (6,083) (5,689) (6,238) Prior years . . . (2,377) (2,467) (2,420) Total paid . . . (8,460) (8,156) (8,658) Net balance at December 31, . . . 8,969 8,855 8,681

Add: Reinsurance recoverables . . . 1,661 1,581 1,436 Balance at December 31, . . . $10,630 $10,436 $10,117 (1) During 2013, 2012 and 2011, as a result of changes in estimates of insured events in the respective prior year, claims and claim adjustment expenses associated with prior years decreased due to a reduction in prior year automobile bodily injury and homeowners’ severity and improved loss ratio for non-medical health claim liabilities.

Separate Accounts

Separate account assets and liabilities include two categories of account types: pass-through separate accounts totaling $265.4 billion and $185.9 billion at December 31, 2013 and 2012, respectively, for which the policyholder assumes all investment risk, and separate accounts for which the Company contractually guarantees either a minimum return or account value to the policyholder which totaled $51.8 billion and $49.5 billion at December 31, 2013 and 2012, respectively. The latter category consisted primarily of funding agreements and participating close-out contracts. The average interest rate credited on these contracts was 2.23% and 2.80% at December 31, 2013 and 2012, respectively.

For the years ended December 31, 2013, 2012 and 2011, there were no investment gains (losses) on transfers of assets from the general account to the separate accounts.

5. Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles