Document
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported): August 11, 2020 
METLIFE, INC.
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-15787
 
13-4075851
(Commission File Number)
 
(IRS Employer Identification No.)
 
 
 
 
 
 
 
200 Park Avenue,
New York,
NY

 
10166-0188
(Address of Principal Executive Offices)
 
(Zip Code)
(212) 578-9500
(Registrant’s Telephone Number, Including Area Code)
N/A
(Former Name or Former Address, if Changed Since Last Report) 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock, par value $0.01
MET
New York Stock Exchange
Floating Rate Non-Cumulative Preferred Stock,
Series A, par value $0.01
MET PRA
New York Stock Exchange
Depositary Shares, each representing a 1/1,000th
interest in a share of 5.625% Non-Cumulative
Preferred Stock, Series E
MET PRE
New York Stock Exchange
Depositary Shares, each representing a 1/1,000th
interest in a share of 4.75% Non-Cumulative
Preferred Stock, Series F
MET PRF
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company    ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐




Item 2.02 Results of Operations and Financial Condition.
On August 11, 2020, MetLife, Inc. issued a fact sheet setting forth its total assets under management at June 30, 2020 (the “Total AUM Fact Sheet”).
The foregoing description of the Total AUM Fact Sheet is not complete and is qualified in its entirety by reference to the Total AUM Fact Sheet, which is filed as Exhibit 99.1, and is incorporated herein by reference.
Item 8.01 Other Events.
The text of Item 2.02 above is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
101
Pursuant to Rule 406 of Regulation S-T, the cover page is formatted in Inline XBRL (Inline eXtensible Business Reporting Language)
104
Cover Page Interactive Data File (embedded within the Inline XBRL document and included in Exhibit 101)




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
 
METLIFE, INC.
 
 
By:
 
/s/ Tamara L. Schock
 
 
Name:
 
Tamara L. Schock
 
 
Title:
 
Executive Vice President and
Chief Accounting Officer
Date: August 11, 2020


Exhibit 99.1 Assets Under Management June 30, 2020 MetLife Investment Management manages Public Fixed Income, Private Capital and Real Estate assets for institutional investors worldwide by applying our deep asset class expertise to build tailored portfolio solutions. We also leverage the broader resources and 150-year history of MetLife to skillfully navigate markets. Total Assets Under Management1 Representative Capabilities By Asset Type $629.1 Billion Public Corporates $113.7 Private Capital Mortgage Loans2 $109.1 Private Asset-Backed Securities Structured Products $69.0 Private Corporates Private Infrastructure Private Corporates $62.7 Residential Whole Loans Foreign Government $59.3 U.S. Government and Agency $58.1 Public Fixed Income 3 Cash and Short-Term Investments $33.6 Bank Loans Private Infrastructure $28.5 Core Based Fixed Income Real Estate Equity4 $24.4 Corporate Fixed Income Common and Preferred Equity $16.8 Emerging Market Debt Municipals $15.7 High Yield Emerging Market Debt $13.5 Long Duration Fixed Income Municipals High Yield $8.0 Multi-Sector Fixed Income Alternatives $7.9 Short Duration Fixed Income Bank Loans $5.3 Stable Value Private Asset-Backed Securities $2.4 Structured Products Middle Market Private Capital $1.1 Institutional Client Assets Under Management1 Real Estate Commercial Mortgage Loans Mandates Profile Institutional Client AUM Real Estate Equity 4% $147.2 Billion 7% Insurance/Financial $71.6 Insurance Advisory 36% 16% Sub-Advisory $29.5 334 Mandates Corporate $24.6 Index Strategies Public $10.8 18% Commingled Fund5 $8.1 19% Other6 $2.6 1 As of June 30, 2020. At estimated fair value. Dollars in billions. See Explanatory Note. 2 Includes commercial, agricultural and residential mortgage loans contained in MetLife's general account (adjusted as described in the Explanatory Note), separate accounts and non- proprietary assets of unaffiliated/third-party clients. 3 Includes cash equivalents. 4 Includes real estate and real estate joint ventures contained in MetLife's general account (adjusted as described in the Explanatory Note), separate accounts and non-proprietary assets of unaffiliated/third-party clients. 5 Includes limited partnerships, collective trusts, mutual funds registered under the Investment Company Act and other vehicles offered or available to qualifying investors, including third parties and affiliates. 6 Includes non-profit clients, Taft-Hartley pension fund clients and asset manager clients. www.metlife.com/investmentmanagement

 
Explanatory Note The following information is relevant to an understanding of our assets under management ("AUM"). Our definitions may differ from those used by other companies. Total Assets Under Management (“Total AUM”) is comprised of GA AUM plus Institutional Client AUM (each, as defined below). General Account AUM (“GA AUM”) is used by MetLife to describe assets in its general account ("GA") investment portfolio which are actively managed and stated at estimated fair value. GA AUM is comprised of GA total investments and cash and cash equivalents, excluding policy loans, contractholder-directed equity securities, fair value option securities and certain other invested assets, as substantially all of these assets are not actively managed in MetLife’s GA investment portfolio. Mortgage loans (including commercial, agricultural and residential) and real estate and real estate joint ventures included in GA AUM (at net asset value, net of deduction for encumbering debt) have been adjusted from carrying value to estimated fair value. Classification of GA AUM by sector is based on the nature and characteristics of the underlying investments which can vary from how they are classified under GAAP. Accordingly, the underlying investments within certain real estate and real estate joint ventures that are primarily commercial mortgage loans (at net asset value, net of deduction for encumbering debt) have been reclassified to exclude them from real estate equity and include them as commercial mortgage loans. Institutional Client AUM is comprised of SA AUM plus TP AUM (each, as defined below). MetLife Investment Management manages Institutional Client AUM in accordance with client guidelines contained in each investment contract (“Mandates”). Separate Account AUM (“SA AUM”) is comprised of separate account investment portfolios of MetLife insurance companies, which are managed by MetLife and included in MetLife, Inc.’s consolidated financial statements at estimated fair value. Third Party AUM (“TP AUM”) is comprised of non-proprietary assets managed by MetLife on behalf of unaffiliated/third party clients, which are stated at estimated fair value. Such non-proprietary assets are owned by unaffiliated/third-party clients and, accordingly, are not included in MetLife, Inc.’s consolidated financial statements. Additional information about MetLife’s general account investment portfolio is available in MetLife, Inc.’s quarterly financial materials for the quarter ended June 30, 2020, which may be accessed through MetLife’s Investor Relations web page at https://investor.metlife.com. L0820006459[exp0221][All States] One MetLife Way | Whippany, New Jersey 07981 © 2020 METLIFE, INC.