Metropolitan Life Separate Account E, et al. – ‘N-4/A’ on 10/31/14

On:  Friday, 10/31/14, at 5:20pm ET   ·   Private-to-Public:  Document/Exhibit ¶  –  Release Delayed   ·   Accession #:  1193125-14-392231   ·   File #s:  811-04001, 333-198314

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Pre-Effective Amendment to Registration Statement for a Separate Account (Unit Investment Trust)   —   Form N-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-4/A       Metropolitan Separate Account E - Metlife            337   1.95M 
                Accumulation Annuity                                             
12: COVER     ¶ Comment-Response or Cover Letter to the SEC            2±     3K 
13: CORRESP   ¶ Comment-Response or Other Letter to the SEC            2      2K 
14: CORRESP   ¶ Comment-Response or Other Letter to the SEC            1      2K 
15: CORRESP   ¶ Comment-Response or Other Letter to the SEC            1      2K 
16: CORRESP   ¶ Comment-Response or Other Letter to the SEC            3      6K 
 2: EX-99.1     Mlic Board Resolution                                  5     16K 
10: EX-99.10    Consent of Independent Registered Public               1      7K 
                Accounting Firm                                                  
11: EX-99.13    Powers of Attorney                                    28    142K 
 3: EX-99.4(I)  Draft Form of Individual Single Purchase Payment      16     60K 
                Deferred Va Contract                                             
 4: EX-99.4(II)  Draft Form of Contract Schedule                       4     17K 
 5: EX-99.4(III)  Draft Form of Contract Schedule                      1      9K 
 6: EX-99.4(IV)  Draft Form of Rider-Living Benefit                    3     16K 
 7: EX-99.4(V)  Draft Form of Death Benefit Rider-Return of            2     11K 
                Purchase Payment                                                 
 8: EX-99.5     Form of Variable Annuity Application                   6     27K 
 9: EX-99.9     Opinion of Counsel                                     2     11K 

‘N-4/A’   —   Metropolitan Separate Account E – Metlife Accumulation Annuity
Document Table of Contents

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As filed with the Securities and Exchange Commission on October 31, 2014  

                                                          File Nos. 333-198314

                                                                     811-04001

SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549  

FORM N-4  

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 [_] 

Pre-Effective Amendment No. 1 [X] 

Post-Effective Amendment No. [_]  

and 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 

Amendment No. 216 [X] 

(Check Appropriate Box or Boxes)  

METROPOLITAN LIFE SEPARATE ACCOUNT E  
(EXACT NAME OF REGISTRANT)  

METROPOLITAN LIFE INSURANCE COMPANY 
(EXACT NAME OF DEPOSITOR) 

200 PARK AVENUE, NEW YORK, NEW YORK 10166 
(ADDRESS OF DEPOSITOR'S PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) 

(212) 578-3067  
(DEPOSITOR'S TELEPHONE NUMBER, INCLUDING AREA CODE) 

----------------- 

RICARDO A. ANZALDUA, ESQ. 
EXECUTIVE VICE-PRESIDENT AND GENERAL COUNSEL  
METROPOLITAN LIFE INSURANCE COMPANY 
200 PARK AVENUE 
NEW YORK, NEW YORK 10166  
(NAME AND ADDRESS OF AGENT FOR SERVICE) 

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----------------- 

COPIES TO:  

W. Thomas Conner  

Reed Smith LLP  

1301 K Street, N.W. 

Suite 1100-East Tower 

Washington, D.C. 20005-331  

(Approximate Date of Proposed Public Offering)  

As soon as possible after the effective date of this Registration Statement.    
The Registrant hereby amends this Registration Statement on such date or dates  
as may be necessary to delay its effective date until the Registrant shall file 
a further amendment which specifically states that this Registration Statement  
shall thereafter become effective in accordance with Section 8(a) of the        
Securities Act of 1933 or until Registration Statement shall become effective   
on such date as the Commission, acting pursuant to said Section 8(a) shall      
determine.                                                                      

Title of Securities Registered: Modified Single Premium Deferred Variable       
Annuity Contracts                                                               

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THE VARIABLE ANNUITY CONTRACT                                                   

ISSUED BY                                                                       

METROPOLITAN LIFE INSURANCE COMPANY                                             

AND                                                                             

METROPOLITAN LIFE SEPARATE ACCOUNT E                                            

METLIFE ACCUMULATION ANNUITY                                                    

NOVEMBER 7, 2014                                                                

This prospectus describes the modified single premium deferred variable annuity 
contract offered by Metropolitan Life Insurance Company (MetLife or we or us).  
The contract is offered for individuals and some tax-qualified and              
non-qualified retirement plans. The contract includes a guaranteed minimum      
accumulation benefit feature called the Preservation and Growth Rider (PGR)     
that, unless terminated, guarantees at a future date your Account Value will    
not be less than your Purchase Payment (adjusted for withdrawals). THIS FEATURE 
DOES NOT ESTABLISH OR GUARANTEE ANY MINIMUM RETURN FOR ANY INVESTMENT OPTION    
AND THE PGR AMOUNT DOES NOT REPRESENT AN AMOUNT OF MONEY AVAILABLE FOR          
WITHDRAWAL AND IS NOT USED TO CALCULATE ANY BENEFITS UNDER THE CONTRACT PRIOR   
TO THE PGR END DATE (EXCEPT AS A POTENTIAL DEATH BENEFIT AMOUNT UPON THE DEATH  
OF AN OWNER OR ANNUITANT IF OWNED BY A NON-NATURAL PERSON).                     

The annuity contract has a single investment choice. We may add additional      
Investment Options in the future.                                               

FIDELITY(R) VARIABLE INSURANCE PRODUCTS                                         
(INVESTOR CLASS):                                                               
FIDELITY(R) VIP FUNDSMANAGER(R) 60% PORTFOLIO                                   

Please read this prospectus before investing and keep it on file for future     
reference. It contains important information about the MetLife Variable Annuity 
contract.                                                                       

To learn more about the MetLife Variable Annuity contract, you can obtain a     
copy of the Statement of Additional Information (SAI) dated November 7, 2014.   
The SAI has been filed with the Securities and Exchange Commission (SEC) and is 
legally a part of the prospectus. The SEC maintains a Web site                  
(http://www.sec.gov) that contains the SAI, material incorporated by reference, 
and other information regarding companies that file electronically with the     
SEC. The Table of Contents of the SAI is on Page 38 of this prospectus. For a   
free copy of the SAI, or for further information, call us at (866) 414-3259, or 
write the Annuity Service Office, P.O. Box 10366, Des Moines, IA 50306-0366.    

THE CONTRACTS:                                                                  

ARE NOT BANK DEPOSITS                                                           
ARE NOT FDIC INSURED                                                            
ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY                                
ARE NOT GUARANTEED BY ANY BANK OR CREDIT UNION                                  
MAY BE SUBJECT TO LOSS OF PRINCIPAL                                             

THE SECURITIES AND EXCHANGE COMMISSION HAS NOT APPROVED OR DISAPPROVED THESE    
SECURITIES OR DETERMINED IF THIS PROSPECTUS IS ACCURATE OR COMPLETE. ANY        
REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.                           

NOVEMBER 7, 2014                                                                

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TABLE OF CONTENTS                                                               

                                                                [Download Table]
                                            
INDEX OF SPECIAL TERMS..................  3 
HIGHLIGHTS..............................  4 
FEE TABLES AND EXAMPLES.................  6 
    Investment Option Expenses..........  8 
    Examples............................  9 
    Condensed Financial Information.....  9 
1.  THE ANNUITY CONTRACT................ 10 
2.  PURCHASE............................ 11 
    Purchase Payments................... 11 
    Allocation of Purchase Payments..... 11 
    Free Look........................... 11 
    Accumulation Units.................. 12 
    Replacement of contracts............ 12 
3.  INVESTMENT OPTIONS.................. 14 
    Voting Rights....................... 15 
    Substitution of Investment Options.. 15 
4.  EXPENSES............................ 16 
    Premium and Other Taxes............. 18 
    Income Taxes........................ 18 
    Investment Option Expenses.......... 18 
5.  ANNUITY PAYMENTS (THE INCOME            
     PHASE)............................. 19 
    Annuity Date........................ 19 
    Additional Information.............. 20 
6.  ACCESS TO YOUR MONEY................ 21 
    Systematic Withdrawal Program....... 22 
    Suspension of Payments or Exchanges. 22 
7.  LIVING BENEFIT...................... 23 

                                                                [Download Table]
                                                          
 8.  PERFORMANCE...................................... 25 
 9.  DEATH BENEFIT DURING THE                             
      ACCUMULATION PHASE.............................. 26 
     Death Benefit.................................... 26 
     General Death Benefit Provisions................. 26 
     Spousal Continuation............................. 27 
10.  FEDERAL INCOME TAX STATUS........................ 29 
11.  OTHER INFORMATION................................ 35 
     Metropolitan Life Insurance Company.............. 35 
     The Separate Account............................. 35 
     Distributor...................................... 35 
     Selling Firms.................................... 36 
     Compensation Paid to Selling Firm................ 36 
     Additional Compensation.......................... 36 
     Requests and Elections........................... 36 
     Confirming Transactions.......................... 37 
     Ownership........................................ 37 
     Legal Proceedings................................ 38 
     Financial Statements............................. 38 
     Table of Contents of the Statement of Additional     
      Information..................................... 38 

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INDEX OF SPECIAL TERMS                                                          

Because of the complex nature of the contract, we have used certain words or    
terms in this prospectus which may need an explanation. We have identified the  
following as some of these words or terms. The page or pages indicated here is  
where we believe you will find the best explanation for the word or term. These 
words and terms are in italics on the indicated page and are capitalized        
wherever they appear in the text.                                               

                                                                [Download Table]
                            

Account Value             12

Accumulation Period       10

Accumulation Unit         12

Annuitant                 38

Annuity Date              19

Annuity Option            19

Annuity Payments          19

Annuity Period            10

Annuity Service Office     5

Beneficiary               38

Business Day              11

Contract Anniversary       4

Contract Date           4,11

Contract Year              4

Good Order                37

Investment Option         14

Maturity Date             19

Maximum PGR Fee Rate    6,16

Owner                     37

PGR Amount                23

PGR End Date              23

PGR Fee Rate              16

PGR Payment               24

Purchase Payment          11

Separate Account          35

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HIGHLIGHTS                                                                      

The variable annuity contract that we are offering is a contract between you,   
the Owner, and us, the insurance company, where you agree to make one Purchase  
Payment to us and we agree to make a series of Annuity Payments at a later      
date. Your Account Value will be invested on a tax-deferred basis in the        
Fidelity VIP FundsManager(R) 60% Portfolio. The contract is intended for        
retirement savings or other long-term investment purposes. The contract         
includes a guaranteed minimum accumulation benefit feature called the           
Preservation and Growth Rider (PGR) that guarantees at the PGR End Date your    
Account Value will not be less than your Purchase Payment (adjusted for         
withdrawals), provided that the specified conditions are met. (See "Living      
Benefit--Preservation and Growth Rider.")                                       

We are obligated to pay all money we owe under the contracts, including death   
benefits, Annuity Payments, and any amount due under the PGR. Any such amount   
that exceeds the assets in the Separate Account is paid from our general        
account, subject to our financial strength and claims-paying ability and our    
long-term ability to make such payments, and is not guaranteed by any other     
party. (See "Other Information--The Separate Account").                         

The contract, like all deferred annuity contracts, has two phases: the          
Accumulation Period and the Annuity Period. During the Accumulation Period,     
earnings accumulate on a tax-deferred basis and are taxed as income when you    
make a withdrawal. If you make a withdrawal during the first seven Contract     
Years, we may assess a 2% withdrawal charge. Withdrawals negatively impact the  
benefits and guarantees provided by your contract. The impact of withdrawals    
generally on your benefits and guarantees is discussed in the corresponding     
sections of the prospectus describing such benefits and guarantees. (A CONTRACT 
YEAR is defined as a one-year period starting on the CONTRACT DATE, which is    
the date the contract is issued, and on each CONTRACT ANNIVERSARY thereafter.)  
The Annuity Period occurs when you begin receiving regular Annuity Payments     
from your contract.                                                             

If you choose to annuitize the contract, your Annuity Payments will be made on  
a fixed basis. The amount of each payment will not change during the Annuity    
Period.                                                                         

This prospectus describes all material features of the contract. If you would   
like to review a copy of the contract and any endorsements, contact our Annuity 
Service Office.                                                                 

TAX DEFERRAL AND QUALIFIED PLANS. The contracts are offered for individuals on  
a tax-qualified and non-qualified basis. For any tax-qualified account (e.g.,   
an IRA), the tax deferred accrual feature is provided by the tax-qualified      
retirement plan. Therefore, there should be reasons other than tax deferral for 
acquiring the contract within a qualified plan. (See "Federal Income Tax        
Status.") IN ADDITION, FOR CERTAIN QUALIFIED CONTRACTS YOU MAY BE REQUIRED TO   
TAKE WITHDRAWALS TO FULFILL REQUIRED MINIMUM DISTRIBUTIONS (RMD WITHDRAWALS).   
THE PGR MAY HAVE LIMITED USEFULNESS IN CONNECTION WITH SUCH QUALIFIED CONTRACTS 
BECAUSE WITHDRAWALS, INCLUDING RMD WITHDRAWALS, WILL CAUSE PROPORTIONATE        
REDUCTIONS TO YOUR PGR AMOUNT (SEE "LIVING BENEFIT--PRESERVATION AND GROWTH     
RIDER--PGR AMOUNT"). YOU SHOULD CONSIDER WHETHER THE CONTRACT IS APPROPRIATE    
FOR YOUR CIRCUMSTANCES.                                                         

FREE LOOK. You may cancel the contract by returning it with a written           
cancellation request within 10 days after receiving it. If you mail your        
cancellation request, the request must be postmarked by the appropriate day; if 
you deliver your cancellation request by hand, it must be received by us by the 
appropriate day. You will receive whatever your contract is worth on the day    
that we receive your cancellation request and we will not deduct a withdrawal   
charge. The amount you receive may be more or less than your Purchase Payment   
depending upon the performance of the Investment Option. You bear the risk of   
any decline in Account Value.                                                   

TAX PENALTY. The earnings in your contract are not taxed until you take money   
out of your contract. If you take money out of a non-qualified contract during  
the Accumulation Period, for tax purposes any earnings are deemed to come out   
first. If you are younger than 59 1/2 when you take money out, you may be       
charged a 10% federal tax penalty on those earnings. Payments during the        
Annuity Period are considered partly a return of your original investment until 
your investment is returned.                                                    

NON-NATURAL PERSONS AS OWNERS. If the Owner of a non-qualified annuity contract 
is not a natural person (e.g., certain trusts), gains under the contract are    
generally not eligible for tax deferral. The Owner of this contract can be a    
natural person, a trust established for the exclusive benefit of a natural      
person, a charitable remainder trust or other trust arrangement (if approved by 
us). A contract generally may have two Owners (both of whom must be             
individuals). Subject to state approval, certain retirement plans qualified     
under the Internal Revenue Code may purchase the contract. If a non-natural     
person is the Owner of a non-qualified contract, the distribution on death      
rules under the Internal Revenue Code may require payment to begin earlier than 
expected and may impact the PGR and the death benefit.                          

NON-NATURAL PERSONS AS BENEFICIARIES. Naming a non-natural person, such as a    
trust or estate, as a Beneficiary under the contract will generally eliminate a 
spousal Beneficiary's ability to continue the contract and the PGR.             

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INQUIRIES. If you need more information, please contact our Annuity Service     
Office at:                                                                  

Annuity Service Office                                                          
PO Box 10366                                                                    
Des Moines, IA 50306-0366                                                       
(866) 414-3259                                                                  

ELECTRONIC DELIVERY. As an Owner you may elect to receive electronic delivery   
of current prospectuses related to this contract, prospectuses and annual and   
semi-annual reports for the Investment Option and other contract-related        
documents.                                                                      

Contact us at WWW.METLIFE-EDELIVERY.COM for more information and to enroll.     

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FEE TABLES AND EXAMPLES                                                         

The following tables describe the fees and expenses that you will pay when      
buying, owning, and surrendering the contract. The first table describes the    
fees and expenses that you will pay at the time that you buy the contract,      
surrender the contract, or, if additional Investment Options are added in the   
future, transfer Account Value between Investment Options. State premium taxes  
may also be deducted. New York does not currently assess premium taxes on       
Purchase Payments.                                                              

Owner Transaction Expenses Table                                                

                                                                [Download Table]
                                                    
Withdrawal Charge (Note 1)                          
(as a percentage of Purchase Payment withdrawn)   2%

Transfer Fee (Note 2)                            $25
(First 12 per year)                              $ 0

Note 1. If an amount withdrawn during the first seven Contract Years is         
determined to include the withdrawal of any portion of the Purchase Payment, a  
withdrawal charge may be assessed. Withdrawal charges are calculated in         
accordance with the following. (See "Expenses--Withdrawal Charge.")             

                                                                [Download Table]

Number of Complete Years from          Withdrawal Charge        
       Contract Date           (% of Purchase Payment withdrawn)
       -------------           ---------------------------------
                                                                
             0                                 2                
             1                                 2                
             2                                 2                
             3                                 2                
             4                                 2                
             5                                 2                
             6                                 2                
      7 and thereafter                         0                

Note 2. Currently, the contract offers only one Investment Option. In the       
future, we may make additional Investment Options available. There is no charge 
for the first 12 transfers in a Contract Year; thereafter the fee is $25 per    
transfer. MetLife is currently waiving the transfer fee, but reserves the right 
to charge the fee in the future.                                                

The next table describes the fees and expenses that you will pay periodically   
during the time that you own the contract, not including Investment Option fees 
and expenses.                                                                   

Separate Account Annual Expenses (as a percentage of average Account Value in   
the Separate Account)(Note 3)                                                   

                                                                [Download Table]
                                                                                

Annual Mortality and Expense Charge                                        0.70%
      Maximum Preservation and Growth Rider (PGR) Fee Rate (Note 4)        1.80%
                                                                           ---- 
      Maximum Total Separate Account Annual Expenses Including PGR Charge  2.50%

Note 3. Separate Account Annual Expenses are not assessed during the Annuity    
Period of the contract.                                                         
Note 4. The PGR Fee Rate applied to your contract during any Contract Year will 
be less than or equal to the Maximum PGR Fee Rate. Your initial PGR Fee Rate is 
determined at the time the contract is issued and is stated in your contract.   
The Maximum PGR Fee Rate will not increase. If you elect an Optional Step Up,   
your PGR Fee Rate may increase to any rate less than or equal to the Maximum    
PGR Fee Rate. (See "Living Benefit--Preservation and Growth Rider--Optional     
Step Up" and "Expenses--Separate Account Annual Expenses--Preservation and      
Growth Rider Fee Rate.")                                                        

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The next table shows the total operating expenses charged by Investment Options 
which you may pay periodically during the time you own the contract. There is   
only one Investment Option available during the Accumulation Period. An         
Investment Option may impose a redemption fee in the future. More detail        
concerning the Investment Option's fees and expenses is contained in the        
prospectus for the Investment Option and in the following tables.               

                                                                [Download Table]
                                                                    
Total Annual Portfolio Expenses                             0.88%(1)
(expenses that are deducted from Investment Option assets,          
including management fees, 12b-1/service fees, and other            
expenses)                                                           

Note 1. The total annual portfolio expenses of the Fidelity VIP FundsManager(R) 
60% Portfolio include the fees and expenses of the underlying portfolios        
(Acquired Fund Fees and Expenses).                                              

For information concerning compensation paid for the sale of the contracts, see 
"Other Information--Distributor."                                               

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INVESTMENT OPTION EXPENSES                                                      
(as a percentage of the average daily net assets of an Investment Option)       

The following table is a summary. For more complete information on Investment   
Option fees and expenses, please refer to the prospectus for the Investment     
Option. Acquired Fund Fees and Expenses are expenses incurred indirectly as a   
result of investing in shares of one or more underlying portfolios.             

                                                        [Enlarge/Download Table]

                                                   Acquired     Total    Contractual Net Total
                                  12b-1/          Fund Fees    Annual     Fee Waiver    Annual
                      Management Service    Other       and Operating and/or Expense Operating
                            Fees    Fees Expenses  Expenses  Expenses  Reimbursement  Expenses
                                                                                              
FIDELITY VARIABLE                                                                             
  INSURANCE PRODUCTS                                                                          
   Fidelity VIP                                                                               
   FundsManager(R)                                                                            
   60% Portfolio         0.25%    0.00%    0.00%    0.63%     0.88%       0.05%        0.83%  

Notes:                                                                          

The information shown in the table above was provided by the Investment Option  
and we have not independently verified that information. Net Total Annual       
Operating Expenses shown in the table reflect any current fee waiver or expense 
reimbursement arrangement that will remain in effect for a period of at least   
one year from the date of the Investment Option's 2014 prospectus. Fee waiver   
and expense reimbursement arrangements with a duration of less than one year,   
or arrangements that may be terminated without the consent of the Investment    
Option's board of directors or trustees, are not shown.                         

The Fidelity VIP FundsManager(R) 60% Portfolio is a "fund of funds." A fund of  
funds invests substantially all of its assets in other underlying funds.        
Because this Investment Option invests in other funds, it will bear its pro     
rata portion of the operating expenses of those underlying funds, including the 
management fee.                                                                 

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EXAMPLES                                                                        

These Examples are intended to help you compare the cost of investing in the    
contract with the cost of investing in other variable annuity contracts. These  
costs include contract Owner transaction expenses, Separate Account Annual      
Expenses, and Investment Option fees and expenses.                              

The Examples assume that you invest $10,000 in the contract for the time        
periods indicated. The Examples also assume that your investment has a 5%       
return each year, the Maximum PGR Rate of 1.80% applies during all Contract     
Years and Total Annual Portfolio Expenses (including Acquired Fund Fees and     
Expenses) of 0.88% for the Fidelity VIP FundsManager(R) 60% Portfolio. Although 
your actual costs may be higher or lower, based on these assumptions, your      
costs would be:                                                                 

(1) If you surrender your contract at the end of the applicable time period:    

                                                        [Enlarge/Download Table]

---------------------------------------------------------------------------------------------------------------
                                               TIME PERIODS                                                    
---------------------------------------------------------------------------------------------------------------
         1 YEAR                      3 YEARS                     5 YEARS                    10 YEARS           
---------------------------------------------------------------------------------------------------------------
                                                                                                               
          $538                       $1,211                      $1,926                      $3,638            
---------------------------------------------------------------------------------------------------------------

(2) If you do not surrender your contract or if you annuitize at the end of the 
applicable time period:                                                         

                                                        [Enlarge/Download Table]

---------------------------------------------------------------------------------------------------------------
                                               TIME PERIODS                                                    
---------------------------------------------------------------------------------------------------------------
         1 YEAR                      3 YEARS                     5 YEARS                    10 YEARS           
---------------------------------------------------------------------------------------------------------------
                                                                                                               
          $338                       $1,031                      $1,746                      $3,638            
---------------------------------------------------------------------------------------------------------------

The Examples should not be considered a representation of past or future        
expenses or annual rates of return of any Investment Option. Actual expenses    
and annual rates of return may be more or less than those assumed for the       
purpose of the Examples.                                                        

CONDENSED FINANCIAL INFORMATION                                                 

Condensed financial information (Accumulation Unit value information) is not    
available because the contract was not offered for sale prior to November 7,    
2014, and therefore there are no Accumulation Units outstanding as of the date  
of this prospectus.                                                             

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1. THE ANNUITY CONTRACT                                                         

This prospectus describes the Variable Annuity contract offered by us.          

The variable annuity contract is a contract between you as the Owner, and us,   
the insurance company, where we promise to pay an income to you, in the form of 
Annuity Payments, beginning on the Annuity Date, a designated date that you     
select (but not later than the Maturity Date stated in your contract--see       
"Annuity Payments (The Annuity Period)"). Until you begin receiving Annuity     
Payments, your annuity is in the ACCUMULATION PERIOD. Once you begin receiving  
Annuity Payments, your contract switches to the ANNUITY PERIOD.                 

The contract benefits from tax deferral. Tax deferral means that you are not    
taxed on earnings or appreciation on the assets in your contract until you take 
money out of your contract. For any tax-qualified account (e.g. an IRA), the    
tax deferred accrual feature is provided by the tax-qualified retirement plan.  
Therefore, there should be reasons other than tax deferral for acquiring the    
contract within a qualified plan. (See "Federal Income Tax Status.") IN         
ADDITION, FOR CERTAIN QUALIFIED CONTRACTS, YOU MAY BE REQUIRED TO TAKE          
WITHDRAWALS TO FULFILL REQUIRED MINIMUM DISTRIBUTIONS (RMD WITHDRAWALS). THE    
PGR MAY HAVE LIMITED USEFULNESS IN CONNECTION WITH SUCH QUALIFIED CONTRACTS     
BECAUSE WITHDRAWALS, INCLUDING RMD WITHDRAWALS, CAUSE PROPORTIONATE REDUCTIONS  
TO YOUR PGR AMOUNT (SEE "LIVING BENEFIT--PRESERVATION AND GROWTH RIDER--PGR     
AMOUNT"). YOU SHOULD CONSIDER WHETHER THE CONTRACT IS APPROPRIATE FOR YOUR      
CIRCUMSTANCES.                                                                  

The contract is called a variable annuity because, depending upon market        
conditions, you can make or lose money in the Investment Option offered, the    
Fidelity VIP FundsManager(R) 60% Portfolio. The amount of money you are able to 
accumulate in your contract during the Accumulation Period depends upon the     
investment performance of the Investment Option. You bear the full investment   
risk for all amounts allocated to the Separate Account.                         

Fixed Annuity Payments are made from our general account assets. Our general    
account consists of all assets owned by us other than those in the Separate     
Account and our other separate accounts. We have sole discretion over the       
investment of assets in the general account.                                    

The amount of the Annuity Payments you receive during the Annuity Period from a 
fixed Annuity Payment option of the contract generally will remain level for    
the entire Annuity Period. (Please see "Annuity Payments (The Annuity Period)"  
for more information.)                                                          

As Owner of the contract, you exercise all interests and rights under the       
contract. You can change the Owner at any time, subject to our underwriting     
rules (a change of ownership may terminate the PGR, see "Living                 
Benefit--Preservation and Growth Rider--Terminating the PGR"). The contract may 
be owned generally by Joint Owners (limited to two natural persons). We provide 
more information on this under "Other Information--Ownership."                  

All contract provisions will be interpreted and administered in accordance with 
the requirements of the Internal Revenue Code. Any Internal Revenue Code        
reference to "spouses" includes those persons who are married spouses under     
state law, regardless of sex.                                                   

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2. PURCHASE                                                                     

PURCHASE PAYMENTS                                                               

A PURCHASE PAYMENT is the money you give us to invest in the contract. The      
Purchase Payment is due on the date the contract is issued. You may not make    
additional Purchase Payments.                                                   

The minimum Purchase Payment we will accept is $25,000.                         

Generally, you may purchase a tax-qualified contract only with money            
transferred from a plan qualified under section 401(a) of the Internal Revenue  
Code, a 403(b) mutual fund account or a 403(b) tax sheltered annuity, a         
governmental 457(b) plan or an IRA. You may purchase a non-qualified contract   
with money from any source.                                                     

If you want to make a Purchase Payment of more than $1 million, you will need   
our prior approval.                                                             

We reserve the right to refuse a Purchase Payment made via a personal check in  
excess of $100,000. Purchase Payments over $100,000 may be accepted in other    
forms, including, but not limited to, EFT/wire transfers, certified checks and  
corporate checks. The form in which we receive a Purchase Payment may determine 
how soon subsequent disbursement requests may be fulfilled. (See "Access to     
Your Money.")                                                                   

We also reserve the right to reject a Purchase Payment made with cash-like      
instruments including, but not limited to money orders, cashier's checks, bank  
drafts, and traveler's checks.                                                  

We reserve the right to reject any application. If you are exchanging more than 
one annuity contract or life insurance policy for this contract, or if your     
Purchase Payment will be paid from different sources (e.g. personal check and   
proceeds from a brokerage account), we will allow the proceeds to be used as    
the Purchase Payment for this contract, provided they are received within 90    
days of the date the contract is issued. When you are purchasing a contract by  
exchanging another annuity contract or life insurance policy, or if your        
Purchase Payment will be paid from different sources, your contract will be     
issued on the date we first receive proceeds from your existing annuity         
contract or life insurance policy, or from any other source. The date we issue  
your contract is the CONTRACT DATE.                                             

We reserve the right to revoke the contract if proceeds from all of the         
exchanged annuity contracts or life insurance policies or other different       
sources do not equal $25,000 in aggregate. We also reserve the right to not     
accept any proceeds received more than 90 days after the contract is issued. If 
the contract is revoked, we will return the Account Value without the           
application of any withdrawal charges.                                          

ALLOCATION OF PURCHASE PAYMENTS                                                 

When you purchase a contract, we will allocate your Purchase Payment to the     
Fidelity VIP FundsManager(R) 60% Portfolio.                                     

Once we receive any portion of your Purchase Payment and the necessary          
information, we will issue your contract and allocate the portion of your       
Purchase Payment received within two (2) Business Days. Additional payments     
identified in your application and received by us in the 90-day period after    
the contract is issued are added to your Purchase Payment and allocated within  
two Business Days of receipt. A BUSINESS DAY is each day that the New York      
Stock Exchange is open for business. A Business Day closes at the close of      
normal trading on the New York Stock Exchange, usually 4:00 p.m. Eastern Time.  
If you do not give us all of the information we need, we will contact you to    
get it before we make any allocation. If for some reason we are unable to       
complete this process within five (5) Business Days, we will either send back   
your money or get your permission to keep it until we get all of the necessary  
information. (See "Other Information--Requests and Elections.").                

FREE LOOK                                                                       

You have the right to cancel the purchase of your contract for 10 days from the 
day you receive your contract.                                                  

If you have exchanged more than one annuity contract or life insurance policy   
for the contract or are funding the Purchase Payment for the contract from      
different sources, you should expect that the proceeds from the annuity         
contracts, life insurance policies or other sources will be received by us on   
different days. Your Free Look period will commence on the first day we receive 
proceeds from any of the annuity contracts or life insurance policies you have  
exchanged from, or from any other source. Any subsequent proceeds that are      
received after the Contract Date will be invested according to your most recent 
allocation instructions. The receipt of subsequent proceeds will not extend or  
restart the Free Look period under the contract.                                

To cancel the purchase of your contract, return the contract to our Annuity     
Service Office before the end of the Free Look period, together with a written  
cancellation request. We will promptly pay you your Account Value.              

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ACCUMULATION UNITS                                                              

Your Account Value will go up or down depending upon the investment performance 
of the Investment Options. In order to keep track of your Account Value, we use 
a unit of measure we call an ACCUMULATION UNIT. (An Accumulation Unit works     
like a share of a mutual fund.)                                                 

Every Business Day, as of the close of the New York Stock Exchange (generally   
4:00 p.m. Eastern Time), we determine the value of an Accumulation Unit for the 
Investment Option by multiplying the Accumulation Unit value for the            
immediately preceding Business Day by a factor for the current Business Day.    
The factor is determined by:                                                    

(1) dividing the net asset value per share of the Investment Option at the  
   end of the current Business Day, plus any dividend or capital gains per
    share declared on behalf of the Investment Option as of that day, by the
net asset value per share of the Investment Option for the previous 
Business Day, and                                                   
(2) multiplying it by one minus the daily equivalent of the Separate Account
    Annual Expenses for each day since the last Business Day and any charges
for taxes.                                                          

The value of an Accumulation Unit may go up or down from day to day.            

When we receive any portion of the Purchase Payment, we credit your contract    
with Accumulation Units. The number of Accumulation Units credited is           
determined by dividing the amount of the Purchase Payment allocated to the      
Investment Option by the value of the Accumulation Unit for the Investment      
Option.                                                                         

A Purchase Payment is credited to a contract on the basis of the Accumulation   
Unit value next determined after receipt. A Purchase Payment received before    
the close of the New York Stock Exchange will be credited to your contract that 
day, after the New York Stock Exchange closes. A Purchase Payment received      
after the close of the New York Stock Exchange, or on a day when the New York   
Stock Exchange is closed, will be treated as received on the next day the New   
York Stock Exchange is open (the next Business Day).                            

Example:                                                            

   On Monday we receive a Purchase Payment of $50,000 from you before 4:00
p.m. Eastern Time. When the New York Stock Exchange closes on that  
Monday, we determine that the value of an Accumulation Unit for the 
Fidelity VIP FundsManager(R) 60% Portfolio is $12.50. We then divide
$50,000 by $12.50 and credit your contract on Monday night with 4000
  Accumulation Units for the Fidelity VIP FundsManager(R) 60% Portfolio.

ACCOUNT VALUE                                                                   

ACCOUNT VALUE is equal to the sum of your interests in the Investment Option.   
Your interest in an Investment Option is determined by multiplying the number   
of Accumulation Units for that Investment Option by the value of the            
Accumulation Unit.                                                              

REPLACEMENT OF CONTRACTS                                                        

EXCHANGE PROGRAMS. From time to time we may offer programs under which certain  
fixed or variable annuity contracts previously issued by us or one of our       
affiliates may be exchanged for the contracts offered by this prospectus.       
Currently, with respect to exchanges from certain of our variable annuity       
contracts to this contract, an existing contract is eligible for exchange if a  
withdrawal from, or surrender of, the contract would not trigger a withdrawal   
charge. The Account Value of this contract attributable to the exchanged assets 
will not be subject to any withdrawal charge. You should carefully consider     
whether an exchange is appropriate for you by comparing the death benefits,     
living benefits, and other guarantees provided by the contract you currently    
own to the benefits and guarantees that would be provided by the new contract   
offered by this prospectus. Then, you should compare the fees and charges (for  
example, the death benefit charges, the living benefit charges, and the         
mortality and expense charge) of your current contract to the fees and charges  
of the new contract, which may be higher than your current contract. The        
programs we offer will be made available on terms and conditions determined by  
us, and any such programs will comply with applicable law. We believe the       
exchanges will be tax-free for federal income tax purposes; however, you should 
consult your tax adviser before making any such exchange.                       

OTHER EXCHANGES. Generally you can exchange one variable annuity contract for   
another in a tax-free exchange under Section 1035 of the Internal Revenue Code. 
Before making an exchange, you should compare both annuities carefully. If you  
exchange another annuity for the one described in this prospectus, you might    
have to pay a withdrawal charge on your old annuity, and there will be a new    
withdrawal charge period for this contract. Other charges may be higher (or     
lower) and the benefits may be different. Also, because we will not issue the   
contract until we have received the initial premium from your existing          
insurance company, the issuance of the contract may be delayed. Generally, it   
is not advisable to purchase a contract as a replacement for an existing        
variable annuity contract. Before you exchange                                  

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another annuity for our contract, ask your registered representative whether    
the exchange would be advantageous, given the contract features, benefits and   
charges.                                                                        

OWNING MULTIPLE CONTRACTS                                                       

You may be considering purchasing this contract when you already own a variable 
annuity contract. You should carefully consider whether purchasing an           
additional contract in this situation is appropriate for you by comparing the   
features of the contract you currently own, including the death benefits,       
living benefits, and other guarantees provided by the contract, to the features 
of this contract. You should also compare the fees and charges of your current  
contract to the fees and charges of this contract, which may be higher than     
your current contract. You may also wish to discuss purchasing a contract in    
these circumstances with your registered representative.                        

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3. INVESTMENT OPTIONS                                                           

At this time the contract offers one INVESTMENT OPTION, the Fidelity VIP        
FundsManager(R) 60% Portfolio. Additional Investment Options may be available   
in the future.                                                                  

YOU SHOULD READ THE PROSPECTUS FOR THIS FUND CAREFULLY. COPIES OF THE           
PROSPECTUS WILL ACCOMPANY OR PRECEDE THE DELIVERY OF YOUR CONTRACT. You can     
obtain copies of the fund prospectus by calling us at: (866) 414-3259. You can  
also obtain information about the fund (including a copy of the Statement of    
Additional Information) by accessing the Securities and Exchange Commission's   
website at http://www.sec.gov. Certain funds described in the fund prospectus   
may not be available with your contract.                                        

A summary of advisers, subadvisers, and investment objectives for the           
Investment Options are listed below. The investment objectives and policies of  
an Investment Option may be similar to the investment objectives and policies   
of other mutual funds that certain of the portfolio investment advisers manage. 
Although the objectives and policies may be similar, the investment results of  
the Investment Option may be higher or lower than the results of such other     
mutual funds. The investment advisers cannot guarantee, and make no             
representation, that the investment results of similar funds will be comparable 
even though the funds may have the same investment advisers.                    

Shares of an Investment Option may be offered to insurance company separate     
accounts of both variable annuity and variable life insurance contracts and to  
qualified plans. Due to differences in tax treatment and other considerations,  
the interests of various owners participating in, and the interests of          
qualified plans investing in the Investment Option may conflict. The Investment 
Option will monitor events in order to identify the existence of any material   
irreconcilable conflicts and determine what action, if any, should be taken in  
response to any such conflict.                                                  

CERTAIN PAYMENTS WE RECEIVE FROM AN INVESTMENT ADVISER OR ITS AFFILIATES. An    
investment adviser or subadviser of an Investment Option, or its affiliates,    
may make payments to us and/or certain of our affiliates. These payments may be 
used for a variety of purposes, including payment of expenses for certain       
administrative, marketing, and support services with respect to certain other   
variable insurance products we offer, and, in our role as an intermediary, with 
respect to the investment options in those products. We and our affiliates may  
profit from these payments. The amount of the payments we receive may be        
significant and is based on a percentage of assets of the investment options    
attributable to those other variable insurance products we and our affiliates   
issue.                                                                          

Additionally, an investment adviser or subadviser of an Investment Option, or   
its affiliates, may provide us with wholesaling services that assist in the     
distribution of certain other variable insurance products we or our affiliates  
offer and may pay us and/or certain of our affiliates amounts to participate in 
sales meetings. These amounts may be significant and may provide the adviser or 
subadviser (or its affiliate) with increased access to persons involved in the  
distribution of those variable insurance products.                              

SELECTION OF INVESTMENT OPTIONS. We select the Investment Options offered       
through this contract based on a number of criteria, including asset class      
coverage, the strength of the adviser's or subadviser's reputation and tenure,  
brand recognition, performance, and the capability and qualification of each    
investment firm. Another factor we may consider is the risk of investment       
losses that could require us to use our own assets to make payments in          
connection with the guarantees under the PGR.                                   

We review the Investment Options periodically and may remove an Investment      
Option or limit its availability to new Purchase Payments and/or transfers of   
Account Value if we determine that the Investment Option no longer meets one or 
more of the selection criteria, and/or if the Investment Option has not         
attracted significant allocations from contract owners. In some cases, we       
include an Investment Option based on recommendations made by selling firms.    
These selling firms may receive payments from an Investment Option they         
recommend and may benefit accordingly from the allocation of Account Value to   
such Investment Option.                                                         

WE DO NOT PROVIDE ANY INVESTMENT ADVICE AND DO NOT RECOMMEND OR ENDORSE ANY     
PARTICULAR INVESTMENT OPTION. YOU BEAR THE RISK OF ANY DECLINE IN THE ACCOUNT   
VALUE OF YOUR CONTRACT RESULTING FROM THE PERFORMANCE OF AN INVESTMENT OPTION.  

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FIDELITY VARIABLE INSURANCE PRODUCTS                                            
(Investor Class)                                                                

Fidelity Variable Insurance Products is a variable insurance product fund with  
multiple portfolios. Investor Class shares of the following portfolio are       
offered under the contract:                                                     

.   Fidelity VIP FundsManager(R) 60% Portfolio                              

Strategic Advisers, Inc. is the investment manager of the Fidelity VIP    
FundsManager(R) 60% Portfolio. The Fidelity VIP FundsManager(R) 60%       
Portfolio seeks high total return.                                        

VOTING RIGHTS                                                                   

We are the legal owner of Investment Option shares. However, we believe that    
when an Investment Option solicits proxies in conjunction with a vote of        
shareholders, we are required to obtain from you and other affected Owners      
instructions as to how to vote those shares. When we receive those              
instructions, we will vote all of the shares we own in proportion to those      
instructions. This will also include any shares that we own on our own behalf.  
The effect of this proportional voting is that a small number of contract       
owners may control the outcome of a vote. Should we determine that we are no    
longer required to comply with the above, we will vote the shares in our own    
right.                                                                          

SUBSTITUTION OF INVESTMENT OPTIONS                                              

If investment in a particular Investment Option is no longer possible, in our   
judgment becomes inappropriate for purposes of the contract, or for any other   
reason in our sole discretion, we may substitute another Investment Option or   
Investment Options without your consent. The substituted Investment Option(s)   
may have different fees and expenses. However, we will not make such            
substitution without any necessary approval of the Securities and Exchange      
Commission and applicable state insurance departments. Furthermore, we may      
close an Investment Option to allocation of Purchase Payments or Account Value, 
or both, at any time in our sole discretion. There will always be at least one  
Investment Option offered under the contract.                                   

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4. EXPENSES                                                                     

There are charges and other expenses associated with the contract which reduce  
the return on your investment in the contract. These charges and expenses are:  

SEPARATE ACCOUNT ANNUAL EXPENSES                                                

Each day, we make a deduction for Separate Account Annual Expenses (the Annual  
Mortality and Expense charge and the Preservation and Growth Rider (PGR) Fee    
Rate, each described below). We do this as part of our calculation of the value 
of the Accumulation Units. Total Separate Account Annual Expenses will not      
exceed 2.50%. If the Separate Account Annual Expense charges are inadequate to  
cover the actual expenses of mortality, maintenance, and administration, we     
will bear the loss. If the charges exceed the actual expenses, we will add the  
excess to our profit and it may be used to finance distribution expenses or for 
any other purpose.                                                              

ANNUAL MORTALITY AND EXPENSE CHARGE. We assess a daily mortality and expense    
charge that is equal, on an annual basis, to 0.70% of the average daily net     
asset value of each Investment Option. This charge compensates us for mortality 
risks we assume for the Annuity Payment and death benefit guarantees made under 
the contract. These guarantees include making Annuity Payments that will not    
change based on our actual mortality experience, and providing a guaranteed     
minimum death benefit under the contract. The charge also compensates us for    
expense risks we assume to cover contract maintenance expenses. These expenses  
may include issuing contracts, maintaining records, making and maintaining      
subaccounts available under the contract and performing accounting, regulatory  
compliance, and reporting functions. This charge also compensates us for costs  
associated with the establishment and administration of the contract.           

PRESERVATION AND GROWTH RIDER (PGR) FEE RATE. The contract is issued with a     
guaranteed minimum accumulation benefit called the Preservation and Growth      
Rider (PGR). We assess a daily charge for the PGR equal to your current PGR Fee 
Rate that will not exceed the Maximum PGR Fee Rate. The Maximum PGR Fee Rate is 
equal, on an annual basis, to 1.80% of the average daily net asset value of     
each Investment Option. This charge compensates us for the risks we assume in   
providing the guarantees under the PGR. If the PGR is terminated according to   
its terms, we will no longer assess the charge for the PGR effective the        
Business Day following the date of termination.                                 

ONCE YOUR CONTRACT IS ISSUED, YOUR PGR FEE RATE WILL NOT CHANGE UNLESS YOU      
ELECT AN OPTIONAL STEP UP AND IT TAKES EFFECT, AS DESCRIBED BELOW (see          
"Increases to PGR Fee Rate").                                                   

Initial PGR Fee Rate. The initial PGR Fee Rate applicable to new contract       
purchases is determined in our sole discretion based on current economic        
factors including interest rates and equity market volatility but will not      
exceed the Maximum PGR Fee Rate. Generally, the rate may increase if there is   
an increase in equity market volatility, a decrease in prevailing interest      
rates, or both. This rate structure is intended to help us provide the          
guarantees under the rider. This initial PGR Fee Rate for new contracts may be  
higher or lower than the PGR Fee Rate for existing contracts, but your PGR Fee  
Rate will not change as a result. See the first hypothetical example below.     

The initial PGR Fee Rate applicable to new contract purchases is set forth in a 
supplement to this prospectus. The supplement indicates the PGR Fee Rate and    
the effective period during which applications must be received in Good Order   
for a contract to be issued with that PGR Fee Rate. On the Business Day         
following the end of the indicated effective period, the PGR Fee Rate for the   
next effective period will be disclosed in a new prospectus supplement.         

Increases to PGR Fee Rate. If you elect an Optional Step Up, we may increase    
your PGR Fee Rate applicable beginning the first Business Day after the         
Contract Anniversary on which the Optional Step Up takes effect. If we increase 
your PGR Fee Rate upon an Optional Step-Up, your new PGR Fee Rate will be a     
rate we choose and will not exceed the lower of (a) 1.80% (the Maximum PGR Fee  
Rate) or b) the initial PGR Fee Rate applicable to the same rider with the same 
benefits, if available, for new contracts purchased at the time of the Optional 
Step Up. Your PGR Fee Rate will not decrease, even if the initial PGR Fee Rate  
applicable to new contracts at the time of the Optional Step Up is lower than   
your PGR Fee Rate. See the hypothetical examples below.                         

In the event you are eligible for an Optional Step Up, you will be notified in  
writing a minimum of 30 days in advance of the applicable Contract Anniversary. 
This communication will state your Account Value and PGR Amount as of the date  
it is generated, as well as the PGR Fee Rate that will apply if the Optional    
Step Up is elected and takes effect. If you elect an Optional Step Up and as a  
result your PGR Fee Rate is increased, the new PGR Fee Rate also will be        
indicated on the statement confirming your Optional Step Up, and thereafter     
your PGR Fee Rate will remain the same unless you elect another Optional Step   
Up on a future Contract Anniversary and another increase to your PGR Fee Rate is

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applicable. If you are considering an Optional Step Up and have any questions   
about the PGR Fee Rate that may apply, please speak with your financial         
representative or contact us directly. You may cancel an Optional Step-Up as    
described in "Living Benefits--Preservation and Growth Rider--Optional Step     
Up--Cancelling an Optional Step Up."                                            

Examples:                                                           

 Assume you elect to purchase a contract on June 1. Assume on or about
May 1 prior to your purchase, we declared an initial PGR Fee Rate of
1.20% for new contract purchases. The Maximum PGR Fee Rate is 1.80%.

 NEW PURCHASE. Your PGR Fee Rate will be 1.20% and will remain at that
level unless you elect an Optional Step Up. Your PGR Fee Rate may   
     increase upon an Optional Step Up (see below) but it will never be higher
than 1.80%.                                                         

    OPTIONAL STEP UP. The following table shows how your PGR Fee Rate can be
affected if you elect an Optional Step Up in different hypothetical 
circumstances:                                                      

                                                                [Download Table]

Your PGR Fee Rate                              Your PGR Fee Rate              
before             PGR Fee Rate                after                          
Optional Step Up   for new contracts           Optional Step Up               
------------------------------------------------------------------------------
                                                                              
     1.20%         1.50%                       We may declare a rate          
                                               applicable upon Optional Step  
                                               Up greater than 1.20% and less 
                                               than or equal to 1.50%, or we  
                                               may elect not to increase your 
                                               rate.                          
------------------------------------------------------------------------------
     1.20%         0.95%                       Your PGR Fee Rate will not     
                                               increase.                      
------------------------------------------------------------------------------
     1.20%         Rider is no longer offered  We may declare a rate          
                                               applicable upon Optional Step  
                                               Up greater than 1.20% and less 
                                               than or equal to 1.80% (the    
                                               Maximum PGR Fee Rate), or      
                                               we may elect not to increase   
                                               your rate.                     

WITHDRAWAL CHARGE                                                               

We impose a withdrawal charge, except as described below, during the first      
seven Contract Years to reimburse us for contract sales expenses, including     
commissions and other distribution, promotion, and acquisition expenses. A      
withdrawal made pursuant to a divorce or separation instrument is subject to    
the same withdrawal charge provisions described below, if permissible under tax 
law.                                                                            

During the Accumulation Period, you can make a withdrawal from your contract    
(either a partial or a complete withdrawal). If the amount you withdraw is      
determined to include the withdrawal of any portion of the Purchase Payment, a  
withdrawal charge is assessed against the portion of the Purchase Payment       
withdrawn. To determine what portion (if any) of a withdrawal is subject to a   
withdrawal charge, amounts are withdrawn from your contract in the following    
order:                                                                          

(1) Earnings in your contract (earnings are equal to your Account Value,  
less any portion of the Purchase Payment not previously withdrawn); then  

  (2) The free withdrawal amount described below (deducted from any portion of
the Purchase Payment not previously withdrawn); then                      

(3) Any portion of the Purchase Payment not previously withdrawn until the
entire Purchase Payment has been withdrawn.                               

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The withdrawal charge is calculated at the time of each withdrawal in           
accordance with the following:                                                  

                                                                [Download Table]

Number of Complete Years from          Withdrawal Charge        
       Contract Date           (% of Purchase Payment withdrawn)
       -------------           ---------------------------------
                                                                
             0                                 2                
             1                                 2                
             2                                 2                
             3                                 2                
             4                                 2                
             5                                 2                
             6                                 2                
      7 and thereafter                         0                

For a partial withdrawal, the withdrawal charge is deducted from the remaining  
Account Value, if sufficient. If the remaining Account Value is not sufficient, 
the withdrawal charge is deducted from the amount withdrawn.                    

If the Account Value is smaller than the Purchase Payment, the withdrawal       
charge only applies up to the Account Value.                                    

We do not assess the withdrawal charge on any amounts paid out as Annuity       
Payments or as death benefits. In addition, we will not assess the withdrawal   
charge on required minimum distributions from a tax-qualified contract in order 
to satisfy federal income tax rules or to avoid required federal income tax     
penalties. This exception only applies to amounts required to be distributed    
from this contract.                                                             

NOTE: For tax purposes, earnings from non-qualified contracts are considered to 
come out first.                                                                 

FREE WITHDRAWAL AMOUNT. The free withdrawal amount for each Contract Year is    
equal to 10% of the Purchase Payment, less the total free withdrawal amount     
previously withdrawn in the same Contract Year. Any unused free withdrawal      
amount in one Contract Year does not carry over to the next Contract Year.      

PREMIUM AND OTHER TAXES                                                         

We reserve the right to deduct from the Purchase Payment, Account Value,        
withdrawals, death benefits or Annuity Payments any taxes relating to the       
contracts (including, but not limited to, premium taxes) paid by us to any      
government entity. Examples of these taxes include, but are not limited to,     
premium tax, generation-skipping transfer tax or a similar excise tax under     
federal or state tax law which is imposed on payments we make to certain        
persons and income tax withholdings on withdrawals and income payments to the   
extent required by law. New York does not currently assess premium taxes on     
Purchase Payments you make. We will, at our sole discretion, determine when     
taxes relate to the contracts. We may, at our sole discretion, pay taxes when   
due and deduct that amount from the account balance at a later date. Payment at 
an earlier date does not waive any right we may have to deduct amounts at a     
later date. It is our current practice not to charge premium taxes until        
Annuity Payments begin.                                                         

TRANSFER FEE                                                                    

Currently, the contract offers only one Investment Option. In the future, we    
may make additional Investment Options available, in which case you may be able 
to transfer Account Value between Investment Options. We currently allow        
unlimited transfers without charge during the Accumulation Period. However, we  
have reserved the right to limit the number of transfers to a maximum of 12 per 
year without charge and to charge a transfer fee of $25 for each transfer       
greater than 12 in any year. The transfer fee is deducted from the Investment   
Option from which the transfer is made. However, if the entire interest in an   
Investment Option is being transferred, the transfer fee will be deducted from  
the amount which is transferred.                                                

INCOME TAXES                                                                    

We reserve the right to deduct from the contract for any income taxes which we  
incur because of the contract. In general, we believe under current federal     
income tax law, we are entitled to hold reserves with respect to the contract   
that offset Separate Account income. If this should change, it is possible we   
could incur income tax with respect to the contract, and in that event we may   
deduct such tax from the contract. At the present time, however, we are not     
incurring any such income tax or making any such deductions.                    

INVESTMENT OPTION EXPENSES                                                      

There are deductions from and expenses paid out of the assets of each           
Investment Option, which are described in the fee table in this prospectus and  
the Investment Option prospectuses. These deductions and expenses are not       
charges under the terms of the contract, but are represented in the share       
values of each Investment Option.                                               

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5. ANNUITY PAYMENTS (THE ANNUITY PERIOD)                                        

ANNUITY DATE                                                                    

Under the contract you can receive regular monthly fixed income payments        
(referred to as ANNUITY PAYMENTS). You can choose the month and year in which   
those payments begin. We call that date the ANNUITY DATE. Your Annuity Date     
must be at least 30 days after we issue the contract. Annuity Payments must     
begin no later than the MATURITY DATE stated in your contract, which generally  
is the later of (a) the first day of the calendar month on or after the         
Contract Anniversary on or after the oldest Owner's (or, for contracts owned by 
certain trusts, the oldest Annuitant's) 95th birthday or (b) 10 years from the  
Contract Date.                                                                  

When you purchase the contract, the Annuity Date will be the Maturity Date. You 
can change the Annuity Date at any time before the Annuity Date with 30 days    
prior notice to us (subject to restrictions that may apply in New York state    
and our current administrative procedures).                                     

PLEASE BE AWARE THAT IF YOUR CONTRACT IS ANNUITIZED, YOU ARE INELIGIBLE TO      
RECEIVE THE DEATH BENEFIT, AND ANNUITIZING ANY PORTION OF YOUR CONTRACT         
TERMINATES THE PRESERVATION AND GROWTH RIDER AND MAY SIGNIFICANTLY REDUCE THE   
DEATH BENEFIT.                                                                  

ANNUITY OPTIONS                                                                 

You can choose among income plans. We call those ANNUITY OPTIONS. You can       
select an Annuity Option at any time before the Annuity Date with 30 days'      
notice to us.                                                                   

You will receive the Annuity Payments during the Annuity Period. The Annuitant  
is the natural person(s) whose life we look to in the determination of Annuity  
Payments. The dollar amount of each Annuity Payment generally will not change.  
Annuity Payments are made monthly (or at any frequency permitted under the      
contract) unless you have less than $5,000 to apply toward an Annuity Option.   
In that case, we may provide your Annuity Payment in a single lump sum instead  
of Annuity Payments.                                                            

If more than one frequency is permitted under your contract, choosing less      
frequent payments will result in each Annuity Payment being larger. Annuity     
Options that guarantee that payments will be made for a certain number of years 
regardless of whether the Annuitant or Joint Annuitant are alive (such as       
Options 2 and 5 below) or that guarantee the complete return of the Account     
Value applied to the Annuity Option (such as Options 3 and 6) result in Annuity 
Payments that are smaller than Annuity Options without such a guarantee (such   
as Options 1 and 4 below). For Annuity Options with a designated period,        
choosing a shorter designated period will result in each Annuity Payment being  
larger.                                                                         

You may choose one of the six Annuity Options described below or any other      
Annuity Option acceptable to us. Unless you elect another Annuity Option prior  
to the Annuity Date, the contract will default to Annuity Option 3--Life        
Annuity with Cash Refund. After Annuity Payments begin, you cannot change the   
Annuity Option.                                                                 

ANNUITY OPTION 1 -- LIFE ANNUITY                                          

  Under this option, we will make Annuity Payments so long as the Annuitant is
alive. We stop making Annuity Payments after the Annuitant's death. It is 
possible under this option to receive only one Annuity Payment if the     
 Annuitant dies before the due date of the second payment or to receive only
 two Annuity Payments if the Annuitant dies before the due date of the third
payment, and so on.                                                       

   ANNUITY OPTION 2 -- LIFE ANNUITY WITH 10 YEARS OF ANNUITY PAYMENTS GUARANTEED

  Under this option, we will make Annuity Payments so long as the Annuitant is
alive. If, when the Annuitant dies, we have made Annuity Payments for less
than 10 years, we will then continue to make Annuity Payments to the      
Beneficiary for the rest of the 10-year period.                           

ANNUITY OPTION 3 -- LIFE ANNUITY WITH CASH REFUND                         

  Under this option, we will make Annuity Payments so long as the Annuitant is
 alive. If, when the Annuitant dies, the total amount of Annuity Payments we
have made is less than the Account Value applied to the Annuity Option, we
will pay the Beneficiary in a lump sum the difference between the two     
amounts.                                                                  

ANNUITY OPTION 4 -- JOINT AND LAST SURVIVOR ANNUITY                       

Under this option, we will make Annuity Payments so long as the Annuitant 
 and a second person (Joint Annuitant) are both alive. When either Annuitant
dies, we will continue to make Annuity Payments, so long as the survivor  
continues to live. We will stop making Annuity Payments after the last    
survivor's death.                                                         

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  ANNUITY OPTION 5 -- JOINT AND LAST SURVIVOR ANNUITY WITH 10 YEARS OF ANNUITY
PAYMENTS GUARANTEED                                                       

Under this option, we will make Annuity Payments so long as the Annuitant 
 and a second person (Joint Annuitant) are both alive. When either Annuitant
dies, we will continue to make Annuity Payments, so long as the survivor  
continues to live. If, at the last death of the Annuitant and the Joint   
Annuitant, we have made Annuity Payments for less than 10 years, we will  
then continue to make Annuity Payments to the Beneficiary for the rest of 
the 10-year period.                                                       

ANNUITY OPTION 6 -- JOINT AND LAST SURVIVOR ANNUITY WITH CASH REFUND      

Under this option, we will make Annuity Payments so long as the Annuitant 
 and a second person (Joint Annuitant) are both alive. When either Annuitant
dies, we will continue to make Annuity Payments, so long as the survivor  
continues to live. If, at the last death of the Annuitant and the Joint   
Annuitant, the total amount of Annuity Payments we have made is less than 
  the Account Value applied to the Annuity Option, we will pay the Beneficiary
in a lump sum the difference between the two amounts.                     

ADDITIONAL INFORMATION                                                          

If your Annuity Payments would be or become less than $100 a month, we have the 
right to change the frequency of payments so that your Annuity Payments are at  
least $100.                                                                     

We may require proof of age or sex of an Annuitant before making any Annuity    
Payments under the contract that are measured by the Annuitant's life. If an    
Annuitant's age or sex has been misstated, we will adjust the amount of monthly 
annuity income to the amount that would have been provided at the correct age   
or sex. Once annuity income has begun, any overpayments or underpayments, with  
interest at the rate stated in your contract, will be, as appropriate, deducted 
from or added to the payment or payments made after the adjustment.             

In the event that you purchased the contract as a tax-qualified contract, you   
must take distribution of the Account Value in accordance with the minimum      
required distribution rules set forth in applicable tax law. Under certain      
circumstances, you may satisfy those requirements by electing an annuity        
option. Upon your death, if Annuity Payments have already begun, the death      
benefit would be required to be distributed to your Beneficiary at least as     
rapidly as under the method of distribution in effect at the time of your       
death. (See "Federal Income Tax Status" and the Statement of Additional         
Information for more details.)                                                  

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6. ACCESS TO YOUR MONEY                                                         

You can have access to the money in your contract by making a withdrawal        
(either a partial or a complete withdrawal) or by electing to receive Annuity   
Payments. Your Beneficiary can have access to the money in the contract when a  
death benefit is paid or under certain Annuity Options described under "Annuity 
Payments (The Annuity Period)--Annuity Options" which provide for continuing    
annuity payments or a cash refund upon the death of the last surviving          
Annuitant.                                                                      

Under most circumstances, withdrawals can only be made during the Accumulation  
Period. When you make a complete withdrawal, you will receive the withdrawal    
value of the contract. The withdrawal value of the contract is the Account      
Value of the contract at the end of the Business Day when we receive a written  
request for a withdrawal, less any applicable withdrawal charge.                

We require that after a partial withdrawal is made you keep at least $2,000 in  
the contract. If the withdrawal would result in the Account Value being less    
than $2,000 after a partial withdrawal, we will treat the withdrawal request as 
a request for a complete withdrawal.                                            

ANY WITHDRAWAL CAUSES A PROPORTIONAL REDUCTION IN THE PGR AMOUNT. THIS          
REDUCTION IN THE PGR AMOUNT MAY BE SIGNIFICANT, PARTICULARLY WHEN THE ACCOUNT   
VALUE IS LOWER THAN THE PGR AMOUNT (SEE "LIVING BENEFIT--PRESERVATION AND       
GROWTH RIDER").                                                                 

Currently the contract offers a single investment choice. If we add additional  
Investment Options in the future, any partial withdrawal will be made pro rata  
from the Investment Option(s) you selected unless you instruct us otherwise.    

When you make a complete withdrawal, you will receive the withdrawal value of   
the contract. The withdrawal value of the contract is the Account Value of the  
contract at the end of the Business Day when we receive a written request for a 
withdrawal less any applicable withdrawal charge and less any premium or other  
tax.                                                                            

Under most circumstances the amount of any partial withdrawal must be at least  
$500. You may request partial withdrawals by submitting a request to our        
Annuity Service Office. (See "Other Information--Requests and Elections."). You 
must state in your request whether you would like to apply the proceeds to a    
payment option (otherwise you will receive the proceeds in a lump sum and may   
be taxed on them).                                                              

We will pay the amount of any withdrawal from the Separate Account within seven 
days of when we receive the request in Good Order unless the suspension of      
payments or transfers provision is in effect.                                   

We may withhold payment of withdrawal proceeds if any portion of those proceeds 
would be derived from a contract Owner's check that has not yet cleared (i.e.,  
that could still be dishonored by the contract Owner's banking institution). We 
may use telephone, fax, Internet or other means of communication to verify that 
payment from the contract Owner's check has been or will be collected. We will  
not delay payment longer than necessary for us to verify that payment has been  
or will be collected. Contract Owners may avoid the possibility of delay in the 
disbursement of proceeds coming from a check that has not yet cleared by        
providing us with a certified check.                                            

In order to withdraw all or part of your Account Value, you must submit a       
request to our Annuity Service Office. (See "Other Information--Requests and    
Elections."). We have to receive your withdrawal request in our Annuity Service 
Office prior to the Annuity Date or Owner's death. If we are presented in Good  
Order with notification of the death of the Owner before any requested          
transaction is completed (including transactions under Systematic Withdrawal    
Programs), we will cancel the request.                                          

There may be limits to the amount you can withdraw from certain tax-qualified   
contracts. (See "Federal Income Tax Status.")                                   

Income taxes, tax penalties and certain restrictions may apply to any           
withdrawal you make.                                                            

DIVORCE. A withdrawal made pursuant to a divorce or separation instrument is    
subject to the same withdrawal charge provisions as described in                
"Expenses--Withdrawal Charge," if permissible under tax law. In addition, the   
withdrawal will reduce the Account Value, the death benefit, and the PGR Amount 
(see "Living Benefit--Preservation and Growth Rider--PGR Amount). The           
withdrawal could have a significant negative impact on the death benefit and    
PGR Amount.                                                                     

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SYSTEMATIC WITHDRAWAL PROGRAM                                                   

You may elect the Systematic Withdrawal Program at any time. We do not assess a 
charge for this program. This program provides an automatic payment to you of   
up to 10% of your total Purchase Payments each year. You can receive payments   
monthly or quarterly, provided that each payment must amount to at least $100   
(unless we consent otherwise). We reserve the right to change the required      
minimum systematic withdrawal amount. If the New York Stock Exchange is closed  
on a day when the withdrawal is to be made, we will process the withdrawal on   
the next Business Day. While the Systematic Withdrawal Program is in effect you 
can make additional withdrawals. However, such withdrawals plus the systematic  
withdrawals will be considered when determining the applicability of any        
withdrawal charge. (For a discussion of the withdrawal charge, see "Expenses"   
above.)                                                                         

We will terminate your participation in the Systematic Withdrawal Program when  
we receive notification of your death.                                          

Income taxes, tax penalties and certain restrictions may apply to Systematic    
Withdrawals.                                                                    

SUSPENSION OF PAYMENTS OR EXCHANGES                                             

We may be required to suspend or postpone payments for withdrawals or transfers 
for any period when:                                                            

.   the New York Stock Exchange is closed (other than customary weekend and 
holiday closings);                                                  
.   trading on the New York Stock Exchange is restricted;                   
.   an emergency exists, as determined by the Securities and Exchange       
 Commission, as a result of which disposal of shares of the Investment
   Options is not reasonably practicable or we cannot reasonably value the
shares of the Investment Options;                                   
.   or during any other period when the Securities and Exchange Commission, 
by order, so permits for the protection of Owners.                  

Federal laws designed to counter terrorism and prevent money laundering might,  
in certain circumstances, require us to block an Owner's ability to make        
certain transactions and thereby refuse to accept any requests for transfers,   
withdrawals, surrenders, or death benefits until instructions are received from 
the appropriate regulator. We may also be required to provide additional        
information about you and your contract to government regulators.               

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7. LIVING BENEFIT                                                               

PRESERVATION AND GROWTH RIDER (PGR)                                             

In your contract, the Preservation and Growth Rider (PGR) is referred to as a   
Guaranteed Minimum Accumulation Benefit (GMAB). The PGR guarantees that your    
Account Value will not be less than a minimum guaranteed amount at a specified  
date (the "PGR END DATE") at least 10 years from the Contract Date. If your     
Account Value is less than the minimum guaranteed amount at the PGR End Date,   
we will apply an additional amount to increase your Account Value so that it is 
equal to the minimum guaranteed amount. THE PGR DOES NOT ESTABLISH OR GUARANTEE 
ANY MINIMUM RETURN FOR ANY INVESTMENT OPTION.                                   

This benefit is intended to protect you against poor investment performance     
during the Accumulation Period of your contract.                                

PGR AMOUNT. The PGR guarantees at the PGR End Date (described below), your      
Account Value will be at least equal to the Purchase Payment, less proportional 
reductions for any withdrawals (and related withdrawal charges) made at any     
time before the PGR End Date. This minimum guaranteed amount is the "PGR        
AMOUNT." The PGR Amount is used only to determine the amount of any benefit     
payable under the PGR.                                                          

The initial PGR Amount is equal to the Purchase Payment. When you make a        
withdrawal from the contract, the PGR Amount is reduced in the same proportion  
the amount of the withdrawal (including any related withdrawal charge) bears to 
the total Account Value. THIS REDUCTION MAY BE SIGNIFICANT, PARTICULARLY WHEN   
THE ACCOUNT VALUE IS LOWER THAN THE PGR AMOUNT. The PGR Amount may be increased 
by an Optional Step Up, as described below.                                     

Example:                                                            

  Assume your Account Value is $100,000 and your PGR Amount is $150,000,
     prior to making a $10,000 withdrawal (including any applicable withdrawal
charge) from the contract. The total withdrawal amount is 10% of the
    Account Value. Therefore, after the withdrawal, your Account Value would
     be reduced by the dollar amount of the withdrawal to $90,000 and your PGR
   Amount would be reduced by 10% of the PGR Amount ($15,000) to $135,000.

THE PGR AMOUNT DOES NOT REPRESENT AN AMOUNT OF MONEY AVAILABLE FOR WITHDRAWAL   
AND IS NOT USED TO CALCULATE ANY BENEFITS UNDER THE CONTRACT PRIOR TO THE PGR   
END DATE (EXCEPT AS A POTENTIAL DEATH BENEFIT AMOUNT UPON THE DEATH OF AN OWNER 
OR ANNUITANT IF OWNED BY A NON-NATURAL PERSON).                                 

OPTIONAL STEP UP. On any Contract Anniversary prior to the 86th birthday of the 
Owner or oldest Joint Owner (or oldest Annuitant if the Owner is a non-natural  
person), you may elect an Optional Step Up by written notice to us in           
accordance with our administrative procedures (currently we require you to      
submit your request in writing to our Annuity Service Office). In the event you 
are eligible for an Optional Step Up, you will be notified in writing a minimum 
of 30 days in advance of the applicable Contract Anniversary. This              
communication will state your Account Value and PGR Amount as of the date it is 
generated, as well as the PGR Fee Rate that will apply if the Optional Step Up  
is elected and takes effect. The Optional Step Up will take effect on the       
Contract Anniversary following our receipt of your request.                     

If you elect an Optional Step Up and it takes effect, it:                       

.   will reset the PGR Amount to the Account Value on the date of the       
Optional Step Up. The Account Value on the date the Optional Step Up
 takes effect will be treated as a single Purchase Payment received on
that date for purposes of determining the PGR Amount;               
.   will reset the PGR End Date to the Contract Anniversary that is 10 years
from the date the Optional Step Up takes effect; and                

 .   may increase the PGR Fee Rate to a rate we determine that does not exceed
   the Maximum Optional Step Up PGR Fee Rate, provided that this rate also
    will not exceed the rate currently applicable to the same rider with the
  same benefits, if available, for new contract purchases at the time of
  the Optional Step Up. If the rate currently applicable for an Optional
Step Up is lower or equal to your PGR Fee Rate, your rate will not  
     change. Your PGR Fee Rate cannot decrease as a result of an Optional Step
Up (see 'Expenses--Preservation and Growth Rider (PGR) Fee Rate").  

Example:                                                            

  Assume your Purchase Payment was $100,000. Your initial PGR Amount was
  $100,000. Assume at your fifth Contract Anniversary your Account Value
 has increased to $130,000 due to positive market performance, and you
elect an Optional Step Up, and it takes effect. The effect of the   
Optional Step Up would be:                                          

(1) Your PGR Amount is increased from $100,000 to $130,000;       
(2) Your PGR End Date is reset to 10 years from the fifth Contract
Anniversary; and                                          
  (3) Your PGR Fee Rate may be increased, as described above and under
        "Expenses--Preservation and Growth Rider (PGR) Fee Rate--Increases
to PGR Fee Rate."                                         

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Cancelling an Optional Step-Up. You may cancel an Optional Step Up before it    
takes effect by written notice to us prior to the Contract Anniversary on which 
the step up would take effect. After an Optional Step Up takes effect, you may  
cancel that Optional Step Up in accordance with our administrative procedures   
by providing written notice to us within 15 days after the date the Optional    
Step Up takes effect. The cancellation of an Optional Step Up will reverse the  
step up that just occurred. If an Optional Step Up is cancelled, your PGR       
Amount and PGR End Date will revert to the PGR Amount and PGR End Date that     
applied prior to being reset. If an Optional Step Up resulted in an increase to 
your PGR Fee Rate, your Account Value will be adjusted as if the Total Annual   
Separate Account Charge in effect prior to the step up had applied during the   
period between the date of the step up and the date of cancellation.            

PGR END DATE. The Contract Anniversary that is 10 years from the later of       
(a) the Contract Date or (b) the date the most recent Optional Step Up is       
elected and takes effect. We will not deduct the PGR charge after the PGR End   
Date.                                                                           

PGR PAYMENT. At the PGR End Date, we will compare your contract's Account Value 
to its PGR Amount. If the Account Value is less than the PGR Amount, we will    
contribute to your Account Value the amount needed to make it equal the PGR     
Amount. (This added amount is the "PGR PAYMENT.") The PGR Payment is allocated  
entirely to the Investment Option (or, if we add additional Investment Options  
in the future, pro rata to each Investment Option you have selected).           

If your Account Value is greater than or equal to the PGR Amount at the PGR End 
Date, then no PGR Payment will be paid into your Account Value.                 

TERMINATING THE PGR. The PGR will terminate at the earliest of:                 

(1) The PGR End Date;                                                       
(2) The date you make a full withdrawal of your Account Value;              
(3) The date you apply any of your Account Value to an Annuity Option;      
(4) Upon a change in ownership (or assignment) of the contract unless:      
  (a) The new owner or assignee assumes full ownership of the contract and
      is essentially the same person (e.g. an individual ownership changed
       to a personal revocable trust, a change to a court appointed guardian
representing the owner during the owner's lifetime, etc.); or 
   (b) The assignment is for the purposes of effectuating a 1035 exchange of
the contract (i.e. the rider may continue during the temporary
    assignment period and not terminate until the contract is actually
surrendered);                                                 
    (c) The contract is continued under the spousal continuation provisions of
the contract; or                                              

(5) The date of death of the Owner or Joint Owner (or Annuitant if the Owner
 is a non-natural person), unless the Beneficiary is the spouse of the
    Owner and elects to continue the contract under the spousal continuation
provisions of the contract.                                         

Once the rider is terminated, the PGR charge will no longer be deducted. IF THE 
RIDER IS TERMINATED BEFORE THE PGR END DATE, THE PGR PAYMENT WILL NOT BE PAID.  

ADDITIONAL INFORMATION. While the PGR is in effect the death benefit will at    
least be equal to the PGR Amount. As of the date both due proof of death and an 
election for the payment method is received by us, a comparison of the PGR      
Amount and the death benefit provided by the contract will be made. If the PGR  
Amount is greater than the death benefit provided by the contract, then the PGR 
Amount will be available instead of the death benefit amount provided by the    
contract. All other death benefit provisions of your contract will apply.       

If a surviving spouse (age 85 or younger) continues the contract under the      
spousal continuation provisions of the contract, and the PGR is in effect at    
the time of the continuation, then the same terms and conditions that applied   
to the Owner under this rider will continue to apply to the surviving spouse.   
The PGR End Date will remain the same. However, if the surviving spouse is age  
86 or older at time of continuation, the PGR will terminate; however, the       
surviving spouse may elect to continue the contract without the PGR in his or   
her own name and exercise all the Owner's rights under the contract.            

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8. PERFORMANCE                                                                  

We periodically advertise subaccount performance relating to Investment         
Options. We will calculate performance by determining the percentage change in  
the value of an Accumulation Unit by dividing the increase (decrease) for that  
unit by the value of the Accumulation Unit at the beginning of the period. This 
performance number reflects the deduction of the Separate Account Annual        
Expenses and the Investment Option expenses. It does not reflect the deduction  
of any applicable withdrawal charge. The deduction of these charges would       
reduce the percentage increase or make greater any percentage decrease. Any     
advertisement will also include total return figures which reflect the          
deduction of the Separate Account Annual Expenses, withdrawal charges, and      
Investment Option expenses.                                                     

For periods starting prior to the date the contract was first offered, the      
performance will be based on the historical performance of the corresponding    
Investment Options for the periods commencing from the date on which the        
particular Investment Option was made available through the Separate Account.   

In addition, the performance for the Investment Options may be shown for the    
period commencing from the inception date of the Investment Options. These      
figures should not be interpreted to reflect actual historical performance of   
the Separate Account.                                                           

We or a selling firm may, from time to time, include in our advertising and     
sales materials performance information for funds or investment accounts        
related to the Investment Options and/or their investment advisers or           
subadvisers. Such related performance information also may reflect the          
deduction of certain contract charges. We may also include in our advertising   
and sales materials tax deferred compounding charts and other hypothetical      
illustrations, which may include comparisons of currently taxable and tax       
deferred investment programs, based on selected tax brackets.                   

We or a selling firm may advertise the PGR feature using illustrations showing  
how the benefit works with historical performance of specific Investment        
Options or with a hypothetical rate of return or a combination of historical    
and hypothetical returns. These illustrations will reflect the deduction of all 
applicable charges including the portfolio expenses of underlying Investment    
Options.                                                                        

You should know that for any performance we illustrate, future performance will 
vary and results shown are not necessarily representative of future results.    

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9. DEATH BENEFIT DURING THE ACCUMULATION PERIOD                                 

UPON YOUR DEATH                                                                 

If you die during the Accumulation Period, we will pay a death benefit to the   
Beneficiary (or Beneficiaries). The death benefit is determined as of the end   
of the Business Day on which we receive both due proof of death and an election 
for the payment method.                                                         

The death benefit is determined as of the end of the Business Day on which we   
receive both due proof of death and an election for the payment method. Where   
there are multiple Beneficiaries, the death benefit will only be determined as  
of the time the first Beneficiary submits the necessary documentation in Good   
Order. If the death benefit payable is an amount that exceeds the Account Value 
on the day it is determined, we will apply to the contract an amount equal to   
the difference between the death benefit payable and the Account Value, in      
accordance with the current allocation of the Account Value. This death benefit 
amount remains in the Investment Options until each of the other Beneficiaries  
submits the necessary documentation in Good Order to claim his/her death        
benefit. (See "General Death Benefit Provisions" below.) Any death benefit      
amounts held in the Investment Options on behalf of the remaining Beneficiaries 
are subject to investment risk. There is no additional death benefit guarantee. 

If you have a Joint Owner, the death benefit will be paid when the first Owner  
dies. Upon the death of either Owner, the surviving Joint Owner will be the     
primary Beneficiary. Any other Beneficiary designation will be treated as a     
contingent Beneficiary, unless instructed otherwise. If a non-natural person    
owns the contract, the Annuitant will be deemed to be the Owner in determining  
the death benefit.                                                              

If we are presented in Good Order with notification of the death of the Owner   
before any requested transaction is completed (including transactions under any 
automated investment strategies or withdrawal programs, if available), we will  
cancel the request.                                                             

DEATH BENEFIT                                                                   

The death benefit will be the greater of:                                       

(1) the Account Value; or                                                   
 (2) the Purchase Payment, reduced proportionately by the percentage reduction
   in Account Value attributable to each partial withdrawal (including any
applicable withdrawal charge).                                      

NOTE: If a portion of the Account Value has been applied to an Annuity Option,  
(2) above will not apply, and the Death Benefit will be equal to the Account    
Value.                                                                          

If the Owner is a natural person and the Owner is changed to someone other than 
a spouse, the death benefit amount will be determined as defined above;         
however, subsection (2) will be changed to provide as follows: "the Account     
Value as of the effective date of the change of Owner, reduced proportionately  
by the percentage reduction in Account Value attributable to each partial       
withdrawal (including any applicable withdrawal charge) made after such date."  

In the event that a Beneficiary who is the spouse of the Owner elects to        
continue the contract in his or her name after the Owner dies, the death        
benefit amount will be determined in accordance with (1) or (2) above.          

DEATH BENEFIT BEFORE THE PGR END DATE. We will pay the PGR Amount to the        
Beneficiary instead of the death benefit if: (a) the PGR has not been           
terminated,(b) the Owner dies prior to the PGR End Date, and (c) as of the end  
of the Business Day on which we receive both due proof of death and an election 
for the payment method the PGR Amount is greater than the death benefit         
determined as described above.                                                  

GENERAL DEATH BENEFIT PROVISIONS                                                

Any death benefit will be paid in accordance with applicable law or regulations 
governing death benefit payments. The death benefit amount remains in the       
Separate Account until distribution begins. From the time the death benefit is  
determined until complete distribution is made, any amount in the Separate      
Account will continue to be subject to investment risk. This risk is borne by   
the Beneficiary.                                                                

After the death of the Owner, each Beneficiary has the right to receive their   
share of the death benefit. Before we make a payment to any Beneficiary, we     
must receive at our Annuity Service Office due proof of death (generally a      
death certificate, see Proof of Death, below) for the Owner and an election for 
the payment method. We may seek to obtain a death certificate directly from the 
appropriate governmental body if we believe that any Owner may have died.       

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Once we have received due proof of death, we will, upon notice to us, pay any   
Beneficiary who has provided us with required information. We will then have no 
further obligations to that Beneficiary. If a Beneficiary has been designated   
to receive a specified fraction of the death benefit, we will pay that fraction 
as determined on the date of payment.                                           

If the Beneficiary under a tax-qualified contract is the Owner's spouse, the    
tax law generally allows distributions to begin by the year in which the        
Annuitant would have reached 70 1/2 (which may be more or less than five years  
after the Annuitant's death).                                                   

A Beneficiary must elect the death benefit to be paid under one of the payment  
options. The entire death benefit must be paid within five years of the date of 
death unless the Beneficiary elects to have the death benefit payable under an  
annuity option. The death benefit payable under an annuity option must be paid  
over the Beneficiary's lifetime or for a period not extending beyond the        
Beneficiary's life expectancy. For non-qualified contracts, payment must begin  
within one year of the date of death. For tax-qualified contracts, payment must 
begin no later than the end of the calendar year immediately following the year 
of death.                                                                       

Upon the death of your Beneficiary, the death benefit would be required to be   
distributed to your Beneficiary's beneficiary at least as rapidly as under the  
method of distribution in effect at the time of your Beneficiary's death. (See  
"Federal Income Tax Status.")                                                   

If a lump sum payment is elected and all the necessary requirements are met,    
the payment will be made within seven days. Payment to the Beneficiary under an 
annuity option may only be elected during the 60-day period beginning with the  
date we receive due proof of death.                                             

PROOF OF DEATH. We will require due proof of death before any death benefit is  
paid. Due proof of death will be:                                               

.   a certified death certificate;                                          
 .   a certified decree of a court of competent jurisdiction as to the finding
of death;                                                           
.   a written statement by a licensed medical doctor who attended the       
deceased; or                                                        
.   any other proof satisfactory to us.                                     

ABANDONED PROPERTY REQUIREMENTS. Every state has unclaimed property laws which  
generally declare non-ERISA annuity contracts to be abandoned after a period of 
inactivity of three to five years from the contract's maturity date or the date 
the death benefit is due and payable. For example, if the payment of a death    
benefit has been triggered, but, if after a thorough search, we are still       
unable to locate the Beneficiary of the death benefit, or the Beneficiary does  
not come forward to claim the death benefit in a timely manner, the death       
benefit will be paid to the abandoned property division or unclaimed property   
office of the state in which the Beneficiary or the Owner last resided, as      
shown on our books and records, or to our state of domicile. (Escheatment is    
the formal, legal name for this process.) However, the state is obligated to    
pay the death benefit (without interest) if your Beneficiary steps forward to   
claim it with the proper documentation. To prevent your contract's proceeds     
from being paid to the state's abandoned or unclaimed property office, it is    
important that you update your Beneficiary designations, including addresses,   
if and as they change. Please call (866) 414-3259 to make such changes.         

SPOUSAL CONTINUATION                                                            

If the primary Beneficiary is the spouse of the Owner, upon the Owner's death,  
the Beneficiary may elect to continue the contract in his or her own name. Upon 
such election, the Account Value will be adjusted upward (but not downward) to  
an amount equal to the death benefit amount determined upon such election and   
receipt of due proof of death of the Owner. The terms and conditions of the     
contract that applied prior to the Owner's death will continue to apply, with   
certain exceptions described in the contract.                                   

For purposes of the death benefit on the continued contract, the death benefit  
is calculated in the same manner as it was prior to the date the spouse         
continues the contract. If, at the time of Spousal Continuation, the PGR is in  
effect and the Account Value is less than the PGR Amount, the Account Value is  
increased to equal the PGR Amount. The PGR Amount, PGR End Date, death benefit  
and Contract Anniversary of the contract remain unchanged. If, at the time of   
Spousal Continuation, the spouse is older than age 85 and the PGR is in effect, 
the spouse may continue the contract; however, the PGR will terminate.          

Spousal continuation will not satisfy minimum required distribution rules for   
qualified contracts other than IRAs (see "Federal Income Tax Status").          

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Under the Internal Revenue Code, spousal continuation and certain distribution  
options are available only to a person who is defined as a "spouse" under       
applicable federal law. All contract provisions will be interpreted and         
administered in accordance with the requirements of the Internal Revenue Code.  
Any Internal Revenue Code reference to "spouses" includes those persons who are 
married spouses under state law, regardless of sex.                             

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10. FEDERAL INCOME TAX STATUS                                                   

INTRODUCTION                                                                    

We do not intend the following discussion to be tax advice. For tax advice you  
should consult a tax adviser. Although the following discussion is based on our 
understanding of federal income tax laws as currently interpreted, there is no  
guarantee that those laws or interpretations will not change.                   

This discussion does not address federal gift tax, state or local income tax,   
or other considerations which may be involved in the purchase, operation, or    
exercise of any rights or options under the contract. Also, this discussion     
does not address estate tax issues that might arise due to the death of an      
Owner or Annuitant. The particular situation of each Owner, Annuitant, and      
Beneficiary will determine the federal estate taxes and the state and local     
estate, inheritance and other taxes due. You should seek competent tax advice   
on such matters pertaining to you.                                              

In addition, we make no guarantee regarding any tax treatment - federal, state, 
or local - of any contract or of any transaction involving a contract.          

TAX DEFERRAL DURING ACCUMULATION PERIOD                                         

Under existing provisions of the Internal Revenue Code (the "Code"), any        
increase in an Owner's Account Value is generally not taxable to the Owner      
until received, either in the form of annuity income payments or in some other  
form of distribution. However, as discussed below, this rule applies only if:   

(1) the investments of the Separate Account are "adequately diversified" in     
accordance with Treasury Department regulations;                        

(2) the Company, rather than the Owner, is considered the owner of the assets   
of the Separate Account for federal income tax purposes; and            

(3) the Owner is an individual (or an individual is treated as the Owner for    
tax purposes).                                                          

DIVERSIFICATION REQUIREMENTS                                                    

The Code and Treasury Department regulations prescribe the manner in which the  
investments of a segregated asset account, such as the subaccount of the        
Separate Account, are to be "adequately diversified." If the Separate Account   
fails to comply with these diversification standards, the contract will not be  
treated as an annuity contract for federal income tax purposes and the Owner    
would generally be taxed currently on the excess of the Account Value over the  
Purchase Payment paid for the contract. The subaccounts of the Separate Account 
intend to comply with the diversification requirements. In this regard, we have 
entered into agreements with funds under the subaccounts that require the funds 
to be "adequately diversified" in accordance with the Code and Treasury         
Department regulations.                                                         

OWNERSHIP TREATMENT                                                             

In certain circumstances, variable annuity contract owners may be considered    
the owners, for federal income tax purposes of the assets of a segregated asset 
account, such as the Separate Account, used to support their contracts. In      
those circumstances, income and gains from the segregated asset account would   
be includible in the contract owners' gross income. The Internal Revenue        
Service (the "IRS") has stated in published rulings that a variable contract    
owner will be considered the owner of the assets of a segregated asset account  
if the owner possesses incidents of ownership in those assets, such as the      
ability to exercise investment control over the assets. As of the date of this  
prospectus, no comprehensive guidance has been issued by the IRS clarifying the 
circumstances when such investment control by a variable contract owner would   
exist. As a result, your right to make transfers among the Investment Options   
may cause you to be considered the owner of the assets of the Separate Account. 
We therefore reserve the right to modify the contract as necessary to attempt   
to prevent contract Owners from being considered the owners of the assets of    
the Separate Account. However, there is no assurance such efforts would be      
successful.                                                                     

SEPARATE ACCOUNT CHARGES                                                        

It is conceivable that certain benefits or the charges for certain benefits     
such as the PGR, could be considered to be taxable each year as deemed          
distributions from the contract to pay for non-annuity benefits. We currently   
treat these charges and benefits as an intrinsic part of the annuity contract   
and do not tax report these as taxable income until distributions are actually  
made. However, it is possible that this may change in the future if we          
determine that this is required by the IRS. If so, the charges or benefits      
could also be subject to a 10% penalty tax if the taxpayer is under age 59 1/2. 

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NON-NATURAL OWNER                                                               

As a general rule, contracts held by "non-natural persons" such as a            
corporation, trust or other similar entity, as opposed to a natural person, are 
not treated as annuity contracts for federal tax purposes. The income on such   
contracts (as defined in the tax law) is taxed as ordinary income that is       
received or accrued by the Owner of the contract during the taxable year. There 
are several exceptions to this rule for non-natural Owners. Under one           
exception, a contract will generally be treated as held by a natural person if  
the nominal owner is a trust or other entity that holds the contract as an      
agent for a natural person. We do not intend to offer the contracts to          
"non-natural" persons. However, we will offer the contracts to revocable        
grantor trusts in cases where the grantor represents that the trust is for the  
benefit of the grantor Annuitant (i.e. the contract is held by the trust for    
the benefit of a natural person (an "individual")). The following discussion    
assumes that a contract will be owned by an individual.                         

DELAYED ANNUITY COMMENCEMENT DATES                                              

On the Contract Date, the Annuity Date is automatically set to be the first day 
of the calendar month on or after the Contract Anniversary that falls on or     
after the oldest Owner's 95/th/ birthday. Federal income tax rules do not       
expressly identify a particular age by which annuity payments must begin.       
However, if the contract's Annuity Date occurs (or is scheduled to occur) at    
too advanced an age, it is conceivable that the Internal Revenue Service could  
take the position that the contract is not an annuity for federal income tax    
purposes. In that event, the income and gains under the contract could be       
currently includible in the Owner's income.                                     

The following discussion assumes that the contract will be treated as an        
annuity contract for federal income tax purposes.                               

In addition, to qualify as an annuity for federal tax purposes, the contract    
must satisfy certain requirements for distributions in the event of the death   
of the Owner of the contract. The contract contains such required distribution  
provisions. For further information on these requirements see the Statement of  
Additional Information.                                                         

QUALIFIED CONTRACTS                                                             

You may use the contract as an Individual Retirement Annuity. The IRA contract  
has not yet been approved by the IRS as to the form of the IRA. Under           
Section 408(b) of the Code, eligible individuals may contribute to an           
Individual Retirement Annuity ("IRA"). The Code permits certain "rollover"      
contributions to be made to an IRA. In particular, certain qualifying           
distributions from a 401(a) plan, a tax sheltered annuity, a 403(b) plan, a     
Governmental 457(b) plan, or an IRA, may be received tax-free if rolled over to 
an IRA within 60 days of receipt. Because the contract's minimum initial        
payment of $50,000 is greater than the maximum annual contribution permitted to 
an IRA, a qualified contract may be purchased only in connection with a         
"rollover" of the proceeds from a qualified plan, tax sheltered annuity, or IRA.

In order to qualify as an IRA under Section 408(b) of the Code, a contract must 
contain certain provisions:                                                     

(1) the Owner of the contract must be the Annuitant and, except for certain     
   transfers incident to a divorce decree, the Owner cannot be changed and the
contract cannot be transferable;                                        

(2) the Owner's interest in the contract cannot be forfeitable; and             

(3) annuity and payments following the death of an Owner must satisfy certain   
  required minimum distributions. contracts issued on a qualified basis will
conform to the requirements for an IRA and will be amended to conform to
any future changes in the requirements for an IRA.                      

2009 RMD WAIVER. For RMDs following the death of the Owner or Annuitant of a    
qualified contract, the five-year rule is applied without regard to calendar    
year 2009. For instance, for a contract Owner who died in 2009, the five-year   
period would end in 2015 instead of 2014. The RMD rules are complex, so consult 
with your tax adviser because the application of these rules to your particular 
circumstances may have been impacted by the 2009 RMD waiver.                    

ACCOUNT VALUES AND PROCEEDS                                                     

Under current law, you will not be taxed on increases in the value of your      
contract until a distribution occurs.                                           

A distribution may occur in the form of a withdrawal, payments following the    
death of an Owner and payments under an Annuity Option.                         

The assignment or pledge of any portion of the value of a contract may also be  
treated as a distribution. In the case of a qualified contract, you may not     
receive or make any such pledge. Any such pledge will result in                 
disqualification of the contract as an IRA and inclusion of the value of the    
entire contract in income.                                                      

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Additionally, a transfer of non-qualified contract for less than full and       
adequate consideration will result in a deemed distribution, unless the         
transfer is to your spouse (or to a former spouse pursuant to divorce decree).  

The taxable portion of a distribution is taxed as ordinary income. Under        
current federal income tax law, the taxable portion of distributions under      
variable annuity contracts and qualified plans (including IRAs) is not eligible 
for the reduced tax rate applicable to long-term capital gains and qualifying   
dividends.                                                                      

TAXES ON SURRENDER OF THE CONTRACT BEFORE ANNUITY INCOME PAYMENTS BEGIN         

If you fully surrender your contract before annuity income payments commence,   
you will be taxed on the portion of the distribution that exceeds your cost     
basis in your contract. In addition, amounts received as the result of the      
death of the Owner or Annuitant that are in excess of your cost basis will also 
be taxed.                                                                       

For non-qualified contracts, the cost basis is generally the amount or your     
payments, and the taxable portion of the proceeds is taxed as ordinary income.  

For qualified contracts, we will report the cost basis as zero, and the entire  
amount of the surrender payment is taxed as ordinary income. You may want to    
file an Internal Revenue Service Form 8608 if any part of your Purchase Payment 
has been previously taxed.                                                      

TAXES ON PARTIAL WITHDRAWALS                                                    

Withdrawals of any amount less than the full Account Value, including           
withdrawals received under the Systematic Withdrawal Program, are treated as    
partial withdrawals.                                                            

Partial withdrawals under a non-qualified contract are treated for tax purposes 
as first being taxable withdrawals of investment income, rather than as return  
of your Purchase Payment, until all investment income has been withdrawn. You   
will be taxed on the amount withdrawn to the extent that your Account Value at  
that time exceeds your payments.                                                

Partial withdrawals under the qualified contract are prorated between taxable   
income and non-taxable return of investment. We will report the cost basis of a 
qualified contract as zero, and the partial withdrawal will be fully taxed      
unless you have filed an Internal Revenue Service Form 8608 to identify the     
part of your Purchase Payment that has been previously taxed.                   

Partial and complete withdrawals may be subject to a 10% penalty tax (see "10%  
Penalty Tax on Early Withdrawals"). Partial and complete withdrawals also may   
be subject to federal income tax withholding requirements.                      

AGGREGATION OF CONTRACTS                                                        

In certain circumstances, the IRS may determine the amount of annuity income    
payment or withdrawal from a contract that is includible in income by combining 
some or all of the annuity contracts a persons owns. For example, if a person   
purchases a contract offered by this prospectus and also purchases at           
approximately the same time an immediate annuity issued by us, the IRS might in 
certain circumstances treat the two contracts as one contract. In addition, if  
a person purchases two or more deferred annuity contracts from the same         
insurance company (or its affiliates) during any calendar year, all such        
contracts will be treated as one contract for purposes of determining the       
portion of the distribution that is includible in income. The effects of such   
aggregation are not always clear; however, it could affect the amount of a      
withdrawal or an annuity income payment that is taxable and the amount which    
might be subject to the 10% penalty tax described above.                        

In the case of a qualified contract, the tax law requires for all post-1986     
contributions and distributions that all individual retirement accounts and     
annuities be treated as one contract.                                           

TAXES ON ANNUITY PAYMENTS                                                       

Although the tax consequences may vary depending on the form of annuity         
selected under the contract, the recipient of Annuity Income payments under the 
contract generally is taxed on the portion of such income payments that exceed  
the cost basis in the contract. In the case of fixed income payments, like the  
annuity Income payments provided under the contract, the exclusion amount is    
determined by multiplying (1) the annuity income payment by (2) the ratio of    
the investment in the contract, adjusted for any period certain or refund       
feature, to the total expected amount of annuity income payments for the term   
of the contract (as determined under Treasury Department regulations). Once the 
total amount of the investment in the contract is excluded, Annuity Payments    
will be fully taxable. If annuity income payments cease because of the death of 
the Annuitant and before the total amount of the investment in the contract is  
recovered, the unrecovered amount generally will be allowed as a deduction.     

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For qualified contracts, we report the cost basis as zero and each Annuity      
Payment is fully taxed unless you have filed an Internal Revenue Service Form   
8608 to identify the part of your Purchase Payment that has been previously     
taxed.                                                                          

3.8% TAX ON NET INVESTMENT INCOME                                               

Federal tax law imposes a 3.8% Medicare tax is imposed on the lesser of         

(1) the taxpayer's "net investment income," (from non-qualified annuities,  
    interest, dividends, etc., offset by specified allowable deductions), or
(2) the taxpayer's modified adjusted gross income in excess of a specified  
   income threshold ($250,000 for married couples filing jointly, $125,000
for married couples filing separately, and $200,000 otherwise).     

"Net investment income" in item 1 does not include distributions from           
tax-qualified plans (i.e., IRAs, Roth IRAs, or arrangements described in Code   
Sections 401(a), 403(b), or 457(b)) but such income will increase "modified     
adjusted gross income" in item (2).                                             

You should consult your tax advisor regarding the applicability of this tax to  
income you would receive under this annuity contract.                           

10% PENALTY TAX ON EARLY WITHDRAWALS OR DISTRIBUTIONS                           

A penalty tax equal to 10% of the amount treated as taxable income may be       
imposed on distributions. The penalty tax applies to early withdrawals or       
distributions. The penalty tax is not imposed on:                               

(1) distributions made to persons on or after age 59 1/2;                       

(2) distributions made after death of the Owner;                                

(3) distributions to a recipient who has become disabled;                       

(4) distributions in substantially equal installments made for the life of the  
taxpayer or the lives of the taxpayer and a designated second person; or

(5) in the case of qualified contracts, distributions received from the         
rollover of the contracts into another qualified contract or IRA.       

We believe that systematic withdrawals under the Systematic Withdrawal Program  
would not satisfy the exception to the 10-percent penalty tax described in      
(4) above. You should consult your tax advisor before electing to take          
systematic withdrawals commencing prior to age 59 1/2.                          

OTHER TAX INFORMATION                                                           

In the case of a qualified contract, a 50% excise tax is imposed on the amount  
by which minimum required payments following the death of Owner exceed actual   
distributions.                                                                  

We will withhold and remit to the U.S. Government a part of the taxable portion 
of each distribution made under the contract, unless the Owner or Beneficiary   
files a written election prior to the distribution stating that he or she       
chooses not to have any amounts withheld. Such an election will not relieve you 
of the obligation to pay income taxes on the taxable portion of any             
distribution.                                                                   

EXCHANGES OF CONTRACTS                                                          

We may issue the contract in exchange for all or part of another annuity or     
life insurance contract that you own. Such an exchange will be tax-free if      
certain requirements are satisfied. If the exchange is tax-free, your           
investment in the contract immediately after the exchange will generally be the 
same as that of the contract exchanged. Your Account Value immediately after    
the exchange may exceed your investment in the contract. That excess may be     
includable in income should amounts subsequently be withdrawn or distributed    
from the contract (e.g. as a partial surrender, full surrender, annuity income  
payment or death benefit). If you exchange part of an existing contract, the    
IRS might treat the two as one annuity contract in certain circumstances. See   
"Aggregation of Contracts" above.                                               

In addition, before the Annuity Date, if we agree, you may exchange all (but    
not part) of your Account Value for any immediate annuity contract we then      
offer. Such an exchange will be tax-free if certain requirements are satisfied. 

You should consult your tax advisor in connection with an exchange for or of a  
contract.                                                                       

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TRANSFER OF A CONTRACT TO OR FROM A REVOCABLE GRANTOR TRUST                     

A contract owned by a revocable grantor trust may be transferred to a grantor,  
and a contract owned by one or two individual(s) may be transferred to a        
revocable grantor trust of which the individual(s) is (are) the grantor(s). In  
either situation, the Annuitant(s) must remain the same. The federal income tax 
treatment of such transfers is unclear. You should consult your tax advisor     
before making such a transfer.                                                  

FEDERAL ESTATE TAXES                                                            

While no attempt is being made to discuss the federal estate tax implications   
of the contract, you should keep in mind that the value of an annuity contract  
owned by a decedent and payable to a beneficiary by virtue of surviving the     
decedent is included in the decedent's gross estate. Depending on the terms of  
the annuity contract, the value of the annuity included in the gross estate may 
be the value of the lump sum payment payable to the designated beneficiary or   
the actuarial value of the payments to be received by the beneficiary. Consult  
an estate planning adviser for more information.                                

GENERATION-SKIPPING TRANSFER TAX                                                

Under certain circumstances, the Code may impose a "generation-skipping         
transfer tax" when all or part of an annuity contract is transferred to, or a   
death benefit is paid to, an individual two or more generations younger than    
the contract owner. Regulations issued under the Code may require us to deduct  
the tax from your contract, or from any applicable payment, and pay it directly 
to the IRS.                                                                     

ANNUITY PURCHASE PAYMENTS BY NONRESIDENT ALIENS AND FOREIGN CORPORATIONS        

The discussion above provides general information regarding U.S. federal income 
tax consequences to annuity purchasers that are U.S. citizens or residents.     
Purchasers that are not U.S. citizens or residents will generally be subject to 
the U.S. federal withholding tax on taxable distributions from annuity          
contracts at a 30% rate, unless a lower treaty rate applies. In addition,       
purchasers may be subject to state and/or municipal taxes and taxes that may be 
imposed by the purchaser's country of citizenship or residence. Prospective     
purchasers are advised to consult with a qualified tax adviser regarding U.S.,  
state, and foreign taxation with respect to an annuity contract purchase.       

PUERTO RICO TAX CONSIDERATIONS                                                  

The Puerto Rico Internal Revenue Code of 2011 (the "2011 P.R. Code") taxes      
distributions from non-qualified annuity contracts differently than in the U.S. 
Distributions that are not in the form of an annuity (including partial         
surrenders and period certain payments) are treated under the 2011 P.R. Code    
first as a return of investment. Therefore, a substantial portion of the        
amounts distributed generally will be excluded from gross income for Puerto     
Rico tax purposes until the cumulative amount paid exceeds your tax basis. The  
amount of income on annuity distributions (payable over your lifetime) is       
calculated differently under the 2011 P.R. Code. Since the U.S. source income   
generated by a Puerto Rico bona fide resident is subject to U.S. income tax and 
the Internal Revenue Service issued guidance in 2004 which indicated that the   
income from an annuity contract issued by a U.S. life insurer would be          
considered U.S. source income, the timing of recognition of income from an      
annuity contract could vary between the two jurisdictions. Although the 2011    
P.R. Code provides a credit against the Puerto Rico income tax for U.S. income  
taxes paid, an individual may not get full credit because of the timing         
differences. You should consult with a personal tax adviser regarding the tax   
consequences of purchasing an annuity contract and/or any proposed              
distribution, particularly a partial distribution or election to annuitize.     

TAX BENEFITS RELATED TO THE ASSETS OF THE SEPARATE ACCOUNT                      

We may be entitled to certain tax benefits related to the assets of the         
Separate Account. These tax benefits, which may include foreign tax credits and 
corporate dividends received deductions, are not passed back to the Separate    
Account or to contract Owners because we are the owner of the assets from which 
the tax benefits are derived.                                                   

POSSIBLE TAX LAW CHANGES                                                        

Although the likelihood of legislative changes is uncertain, there is always    
the possibility that the tax treatment of the contract could change by          
legislation or otherwise. We will notify you of any changes to your contract.   
Consult a tax adviser with respect to legislative developments and their effect 
on the contract.                                                                

We have the right to modify the contract in response to legislative changes     
that could otherwise diminish the favorable tax treatment that annuity contract 
owners currently receive. We make no guarantee regarding the tax status of the  
contract and do not intend the above discussion as tax advice.                  

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THE COMPANY'S TAX STATUS                                                        

The Company is taxed as a life insurance company under the Code. The earnings   
of the Separate Account are taxed as part of our operations, and thus the       
Separate Account is not separately taxed as a "regulated investment company"    
under the Code. Under the existing federal income tax laws, investment income   
and capital gains of the Separate Account are not taxed to the extent they are  
applied under a contract. Therefore, we do not expect to incur federal income   
taxes on earnings of the Separate Account to the extent the earnings are        
credited under the contracts. Based on this, no charge is being made currently  
to the Separate Account for our federal income taxes. We will periodically      
review the need for a charge to the Separate Account for company federal income 
taxes. If the Company is taxed on investment income or capital gains of the     
Separate Account, then the company may impose a charge against the Separate     
Account in order to provide for such taxes.                                     

Under current laws we may incur state and local taxes (in addition to premium   
taxes) in several states. At present, these taxes are not significant and are   
not charged against the contracts or the Separate Account. If the amount of     
these taxes changes substantially, we may make charges for such taxes against   
the Separate Account.                                                           

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11. OTHER INFORMATION                                                           

METROPOLITAN LIFE INSURANCE COMPANY                                             

Metropolitan Life Insurance Company and its subsidiaries (collectively, the     
"Company") is a leading provider of insurance, employee benefits and financial  
services with operations throughout the United States. The Company offers life  
insurance and annuities to individuals, as well as group insurance and          
retirement & savings products and services to corporations and other            
institutions. The Company was formed under the laws of New York in 1868. The    
Company's home office is located at 200 Park Avenue, New York, New York         
10166-0188. The Company is a wholly-owned subsidiary of MetLife, Inc. Through   
its subsidiaries and affiliates, MetLife, Inc. offers life insurance,           
annuities, automobile and homeowners insurance, retail banking and other        
financial services to individuals, as well as group insurance and retirement &  
savings products and services to corporations and other institutions. MetLife,  
Inc. has operations throughout the United States and the regions of Latin       
America, Asia Pacific and Europe, Middle East and India.                        

THE SEPARATE ACCOUNT                                                            

We have established a Separate Account, Metropolitan Life Separate Account E    
(the SEPARATE ACCOUNT), to hold the assets that underlie the contracts. We      
established the Separate Account on September 27, 1983. We have registered the  
Separate Account with the Securities and Exchange Commission as a unit          
investment trust under the Investment Company Act of 1940. The Separate Account 
is divided into subaccounts.                                                    

The assets of the Separate Account are held in our name on behalf of the        
Separate Account and legally belong to us. However, those assets that underlie  
the contracts, are not chargeable with liabilities arising out of any other     
business we may conduct. All the income, gains and losses (realized or          
unrealized) resulting from these assets are credited to or charged against the  
contracts and not against any other contracts we may issue.                     

We reserve the right to transfer assets of the Separate Account to another      
account, and to modify the structure or operation of the Separate Account,      
subject to necessary regulatory approvals. If we do so, we guarantee that the   
modification will not affect your Account Value. We are obligated to pay all    
money we owe under the contracts--such as death benefits and Annuity            
Payments--even if that amount exceeds the assets in the Separate Account. Any   
such amount that exceeds the assets in the Separate Account is paid from our    
general account. Any such amount under the PGR that exceeds the assets in the   
Separate Account are also paid from our general account. Benefit amounts paid   
from the general account are subject to our financial strength and              
claims-paying ability and our long term ability to make such payments, and are  
not guaranteed by any other party. We issue other annuity contracts and life    
insurance policies where we pay all money we owe under those contracts and      
policies from our general account. MetLife is regulated as an insurance company 
under state law, which includes limits on the amount and type of investments in 
its general account. However, there is no guarantee that we will be able to     
meet our claims-paying obligations; there are risks to purchasing any insurance 
product.                                                                        

The investment adviser to certain of the investment portfolios offered with     
variable annuity contracts issued through the Separate Account may be regulated 
as commodity pool operators. While it does not concede that the Separate        
Account is a commodity pool, MetLife has claimed an exclusion from the          
definition of the term "commodity pool operator" under the Commodities Exchange 
Act ("CEA"), and is not subject to registration or regulation as a pool         
operator under the CEA.                                                         

DISTRIBUTOR                                                                     

We have entered into a distribution agreement with our affiliate, MetLife       
Investors Distribution Company (Distributor), 1095 Avenue of the Americas, New  
York, NY10036, for the distribution of the contracts. Distributor is a member   
of the Financial Industry Regulatory Authority (FINRA). FINRA provides          
background information about broker-dealers and their registered                
representatives through FINRA Broker Check. You may contact the FINRA Broker    
Check Hotline at 1-800-289-9999, or log on to www.finra.org. An investor        
brochure that includes information describing FINRA Broker Check is available   
through the Hotline or on-line.                                                 

Distributor and we have entered into selling agreements with a selling firm for 
the sale of the contracts. We pay compensation to Distributor for sales of the  
contracts by the selling firm. We also pay amounts to Distributor that may be   
used for its operating and other expenses, including the following sales        
expenses: compensation and bonuses for the Distributor's management team,       
advertising expenses, and other expenses of distributing the contracts.         
Distributor's management team also may be eligible for non-cash compensation    
items that we may provide jointly with Distributor. Non-cash items include      
conferences, seminars and trips (including travel, lodging and meals in         
connection therewith), entertainment, merchandise and other similar items.      

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SELLING FIRMS                                                                   

As noted above, Distributor, and in certain cases, we, have entered into        
selling agreements with selling firms for the sale of our variable annuity      
contracts. All selling firms receive commissions, and they may also receive     
some form of non-cash compensation. A selling firm may also receive additional  
compensation (described below under "Additional Compensation"). These           
commissions and other incentives or payments are not charged directly to        
contract Owners or the Separate Account. We intend to recoup commissions and    
other sales expenses through fees and charges deducted under the contract or    
from our general account. A portion of the payments made to a selling firm may  
be passed on to their sales representatives in accordance with a selling firm's 
internal compensation programs. Those programs may also include other types of  
cash and non-cash compensation and other benefits.                              

We and Distributor have entered into selling agreements with selling firms that 
have an affiliate that acts as investment adviser and/or subadviser to one or   
more Investment Options under the contract. These investment advisory firms     
include Strategic Advisers, Inc., Fidelity Management & Research Company,       
Fidelity Investments Money Management, Inc. and Fidelity Research & Analysis    
Company.                                                                        

COMPENSATION PAID TO A SELLING FIRM. We and Distributor pay compensation to a   
selling firm in the form of commissions and may also provide certain types of   
non-cash compensation. The maximum commission payable for sales of this         
contract by a selling firm is 1.75% of the Purchase Payment.                    

We may also pay commissions when a contract Owner elects to begin receiving     
regular Annuity Payments (see "Annuity Payments--The Annuity Period.")          
Distributor may also provide non-cash compensation items that we may provide    
jointly with Distributor. Non-cash items include expenses for conference or     
seminar trips and certain gifts.                                                

Ask your registered representative for further information about what payments  
your registered representative and the selling firm for which he or she works   
may receive in connection with your purchase of a contract.                     

ADDITIONAL COMPENSATION. We and Distributor may pay additional compensation to  
a selling firm, including marketing allowances, introduction fees, persistency  
payments, preferred status fees and industry conference fees. Marketing         
allowances are periodic payments to a selling firm based on cumulative periodic 
(usually quarterly) sales of the contracts. Introduction fees are payments to a 
selling firm in connection with the addition of our products to the selling     
firm's line of investment products, including expenses relating to establishing 
the data communications systems necessary for the selling firm to offer, sell   
and administer our products. Persistency payments are periodic payments based   
on Account Values of our variable insurance contracts (including Account Values 
of the contracts) or other persistency standards. Preferred status fees are     
paid to obtain preferred treatment of the contracts in a selling firm's         
marketing programs, which may include marketing services, participation in      
marketing meetings, listings in data resources and increased access to their    
sales representatives. Industry conference fees are amounts paid to cover in    
part the costs associated with sales conferences and educational seminars for   
selling firms' sales representatives. See the Statement of Additional           
Information for more information.                                               

The amounts of additional compensation discussed above may be significant. The  
prospect of receiving, or the receipt of, additional compensation as described  
above may provide a selling firm and/or its sales representatives with an       
incentive to favor sales of the contracts over other annuity contracts (or      
other investments) with respect to which a selling firm does not receive        
additional compensation, or lower levels of additional compensation. You may    
wish to take such payment arrangements into account when considering and        
evaluating any recommendation relating to the contracts. For more information   
about any such additional compensation arrangements, ask your registered        
representative.                                                                 

REQUESTS AND ELECTIONS                                                          

We will treat your request for a contract transaction, or your submission of a  
Purchase Payment, as received by us if we receive a request conforming to our   
administrative procedures or a payment at our Annuity Service Office before the 
close of regular trading on the New York Stock Exchange on that day. We will    
treat your submission of a Purchase Payment as received by us if we receive a   
payment at our Annuity Service Office (or a designee receives a payment in      
accordance with the designee's administrative procedures) before the close of   
regular trading on the New York Stock Exchange on that day. If we receive the   
request, or if we (or our designee) receive the payment, after the close of     
trading on the New York Stock Exchange on that day, or if the New York Stock    
Exchange is not open that day, then the request or payment will be treated as   
received on the next day when the New York Stock Exchange is open.              

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Our Annuity Service Office is located at PO Box 10366, Des Moines, IA           
50306-0366 (for overnight or express delivery, 4700 Westown Parkway Suite 200,  
West Des Moines, IA 50266). If you send your Purchase Payments or transaction   
requests to an address other than the one we have designated for receipt of     
such Purchase Payments or requests, we may return the Purchase Payment to you,  
or there may be a delay in applying the Purchase Payment or transaction to your 
contract.                                                                       

Requests for service may be made:                                               

.   Through your registered representative                                  

.   By telephone at (866) 414-3259, between the hours of 8:30AM and 6:30PM  
Eastern Time Monday through Friday.                                 

.   In writing to our Annuity Service Office or                             
.   By fax at (515) 457-4400 or                                             

.   By Internet at www.metlifeinvestors.com                                 

All transaction requests must be in a form satisfactory to us. Contact us for   
further information. Some selling firms may restrict the ability of their       
registered representatives to convey transaction requests by telephone or       
Internet on your behalf.                                                        

A request or transaction generally is considered in GOOD ORDER if it complies   
with our administrative procedures and the required information is complete and 
accurate. A request or transaction may be rejected or delayed if not in Good    
Order. If you have any questions, you should contact us or your registered      
representative before submitting the form or request.                           

We will use reasonable procedures such as requiring certain identifying         
information, tape recording the telephone instructions, and providing written   
confirmation of the transaction, in order to confirm that instructions          
communicated by telephone, fax, Internet or other means are genuine. Any        
telephone, fax or Internet instructions reasonably believed by us to be genuine 
will be your responsibility, including losses arising from any errors in the    
communication of instructions. As a result of this policy, you will bear the    
risk of loss. If we do not employ reasonable procedures to confirm that         
instructions communicated by telephone, fax or Internet are genuine, we may be  
liable for any losses due to unauthorized or fraudulent transactions. All other 
requests and elections under your contract must be in writing signed by the     
proper party, must include any necessary documentation and must be received at  
our Annuity Service Office to be effective. If acceptable to us, requests or    
elections relating to beneficiaries and ownership will take effect as of the    
date signed unless we have already acted in reliance on the prior status. We    
are not responsible for the validity of any written request or action.          

Telephone and computer systems may not always be available. Any telephone or    
computer system, whether it is yours, your service provider's, your agent's, or 
ours, can experience outages or slowdowns for a variety of reasons. These       
outages or slowdowns may delay or prevent our processing of your request.       
Although we have taken precautions to help our systems handle heavy use, we     
cannot promise complete reliability under all circumstances. If you experience  
technical difficulties or problems, you should make your transaction request in 
writing to our Annuity Service Office.                                          

CONFIRMING TRANSACTIONS. We will send out confirmations that a transaction was  
recently completed. Unless you inform us of any errors within 60 days of        
receipt, we will consider these communications to be accurate and complete.     

OWNERSHIP                                                                       

OWNER. You, as the OWNER of the contract, have all the interest and rights      
under the contract. These rights include the right to:                          

.   change the Beneficiary.                                                 
 .   change the Annuitant before the Annuity Date (subject to our underwriting
and administrative rules).                                          
.   assign the contract (subject to limitation).                            
.   change the Annuity Option before the Annuity Date.                      
.   exercise all other rights, benefits, options and privileges allowed by  
the contract or us.                                                 

The Owner is as designated at the time the contract is issued, unless changed.  
Any change of Owner is subject to our underwriting rules in effect at the time  
of the request and may terminate the Preservation and Growth Rider (see "Living 
Benefit--Preservation and Growth Rider--Terminating the PGR").                  

JOINT OWNER. The contract can be owned by Joint Owners, generally limited to    
two natural persons. Upon the death of either Owner, the surviving Owner will   
be the primary Beneficiary. Any other Beneficiary designation will be treated   
as a contingent Beneficiary unless otherwise indicated.                         

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BENEFICIARY. The BENEFICIARY is the person(s) or entity you name to receive any 
death benefit. The Beneficiary is named at the time the contract is issued      
unless changed at a later date. Unless an irrevocable Beneficiary has been      
named, you can change the Beneficiary at any time before you die. If Joint      
Owners are named, unless you tell us otherwise, the surviving Joint Owner will  
be the primary Beneficiary. Any other Beneficiary designation will be treated   
as a contingent Beneficiary (unless you tell us otherwise).                     

ANNUITANT. The ANNUITANT is the natural person(s) on whose life we base Annuity 
Payments. You can change the Annuitant at any time prior to the Annuity Date,   
unless an Owner is not a natural person. Any reference to Annuitant includes    
any Joint Annuitant under an Annuity Option. The Owner and the Annuitant do not 
have to be the same person except as required under certain sections of the     
Internal Revenue Code.                                                          

ASSIGNMENT. You can assign a non-qualified contract at any time during your     
lifetime. We will not be bound by the assignment until the written notice of    
the assignment is recorded by us. We will not be liable for any payment or      
other action we take in accordance with the contract before we record the       
assignment. An assignment may be a taxable event and may terminate the          
Preservation and Growth Rider (see "Living Benefit--Preservation and Growth     
Rider--Terminating the PGR").                                                   

If the contract is issued pursuant to a qualified plan, there may be            
limitations on your ability to assign the contract.                             

LEGAL PROCEEDINGS                                                               

In the ordinary course of business, MetLife, similar to other life insurance    
companies, is involved in lawsuits (including class action lawsuits),           
arbitrations and other legal proceedings. Also, from time to time, state and    
federal regulators or other officials conduct formal and informal examinations  
or undertake other actions dealing with various aspects of the financial        
services and insurance industries. In some legal proceedings involving          
insurers, substantial damages have been sought and/or material settlement       
payments have been made.                                                        

It is not possible to predict with certainty the ultimate outcome of any        
pending legal proceeding or regulatory action. However, MetLife does not        
believe any such action or proceeding will have a material adverse effect upon  
the Separate Account or upon the ability of MetLife Investors Distribution      
Company to perform its contract with the Separate Account or of MetLife to meet 
its obligations under the contracts.                                            

FINANCIAL STATEMENTS                                                            

Our financial statements and the financial statements of the Separate Account   
have been included in the SAI.                                                  

TABLE OF CONTENTS OF THE STATEMENT OF ADDITIONAL INFORMATION                    

Company                                                                         

Independent Registered Public Accounting Firm                                   

Custodian                                                                       

Distribution                                                                    

Calculation of Performance Information                                          

Annuity Provisions                                                              

Tax Status of the Contracts                                                     

Financial Statements                                                            

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STATEMENT OF ADDITIONAL INFORMATION 

MODIFIED SINGLE PREMIUM DEFERRED VARIABLE ANNUITY CONTRACT  

ISSUED BY 

METROPOLITAN LIFE SEPARATE ACCOUNT E  

AND 

METROPOLITAN LIFE INSURANCE COMPANY 

METLIFE ACCUMULATION ANNUITY WITH PRESERVATION AND GROWTH RIDER 

THIS IS NOT A PROSPECTUS. THIS STATEMENT OF ADDITIONAL INFORMATION SHOULD BE    
READ IN CONJUNCTION WITH THE PROSPECTUS DATED NOVEMBER 7, 2014, FOR THE         
INDIVIDUAL VARIABLE DEFERRED ANNUITY CONTRACT THAT IS DESCRIBED HEREIN.         

THE PROSPECTUS CONCISELY SETS FORTH INFORMATION THAT A PROSPECTIVE INVESTOR     
OUGHT TO KNOW BEFORE INVESTING. FOR A COPY OF THE PROSPECTUS WRITE US AT:       
ANNUITY SERVICE CENTER, P.O. BOX 10366, DES MOINES, IA 50306-0366, OR CALL      
(866) 414-3259.                                                                 

THIS STATEMENT OF ADDITIONAL INFORMATION IS DATED NOVEMBER 7, 2014.             

SAI-NYMAA1114                                                                   

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TABLE OF CONTENTS                                                               

                                                                [Download Table]

                                                     Page
                                                         
COMPANY.............................................  3  
INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM.......  3  
CUSTODIAN...........................................  3  
DISTRIBUTION........................................  3  
CALCULATION OF PERFORMANCE INFORMATION..............  4  
   Total Return.....................................  4  
   Historical Unit Values...........................  5  
   Reporting Agencies...............................  5  
ANNUITY PROVISIONS..................................  6  
   Fixed Annuity....................................  6  
   Mortality and Expense Guarantee..................  6  
   Legal or Regulatory Restrictions on Transactions.  6  
TAX STATUS OF THE CONTRACTS.........................  6  
FINANCIAL STATEMENTS................................  8  

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COMPANY                                                                         

Metropolitan Life Insurance Company and its subsidiaries (collectively, "MLIC"  
or the "Company") is a leading provider of insurance, employee benefits and     
financial services with operations throughout the United States. The Company    
offers life insurance and annuities to individuals, as well as group insurance  
and retirement & savings products and services to corporations and other        
institutions. The Company was formed under the laws of New York in 1868. The    
Company's home office is located at 200 Park Avenue, New York, New York         
10166-0188. The Company is a wholly-owned subsidiary of MetLife, Inc. Through   
its subsidiaries and affiliates, MetLife, Inc. offers life insurance,           
annuities, automobile and homeowners insurance, retail banking and other        
financial services to individuals, as well as group insurance and retirement &  
savings products and services to corporations and other institutions. MetLife,  
Inc. has operations throughout the United States and the regions of Latin       
America, Asia Pacific and Europe, Middle East and India.                        

INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                                   

The financial statements and financial highlights comprising each of the        
Investment Divisions of Metropolitan Life Separate Account E included in this   
Statement of Additional Information, have been audited by Deloitte & Touche     
LLP, an independent registered public accounting firm, as stated in their       
report appearing herein. Such financial statements and financial highlights are 
included in reliance upon the report of such firm given upon their authority as 
experts in accounting and auditing.                                             

The consolidated financial statements and related financial statement schedules 
of Metropolitan Life Insurance Company and subsidiaries, included in this       
Statement of Additional Information, have been audited by Deloitte & Touche     
LLP, an independent registered public accounting firm, as stated in their       
report appearing herein. Such financial statements and financial statement      
schedules are included in reliance upon the report of such firm given upon      
their authority as experts in accounting and auditing.                          

The principal business address of Deloitte & Touche LLP is 30 Rockefeller       
Plaza, New York, New York 10112-0015.                                           

CUSTODIAN                                                                       

Metropolitan Life Insurance Company, 200 Park Avenue, New York, NY 10166, is    
the custodian of the assets of the Separate Account. The custodian has custody  
of all cash of the Separate Account and handles the collection of proceeds of   
shares of the underlying funds bought and sold by the Separate Account.         

DISTRIBUTION                                                                    

Information about the distribution of the contracts is contained in the         
prospectus. (See "Other Information.") Additional information is provided below.

The contracts are offered to the public on a continuous basis. We anticipate    
continuing to offer the contracts, but reserve the right to discontinue the     
offering.                                                                       

MetLife Investors Distribution Company ("Distributor") serves as principal      
underwriter for the contracts. Distributor is a Missouri corporation and its    
home office is located at 1095 Avenue of the Americas, New York, NY 10036. In   
December 2004, MetLife Investors Distribution Company, which was then a         
Delaware corporation, was merged into General American Distributors, Inc., and  
the name of the surviving corporation was changed to MetLife Investors          
Distribution Company. Distributor is an indirect, wholly-owned subsidiary of    
MetLife, Inc. Distributor is registered as a broker-dealer with the Securities  
and Exchange Commission under the Securities Exchange Act of 1934 and is a      
member of the Financial Industry Regulatory Authority ("FINRA"). Distributor    
has entered into selling agreements with other broker-dealers ("selling firms") 
and compensates them for their services.                                        

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Distributor (including its predecessor) received sales compensation with        
respect to all contracts issued from the Separate Account in the following      
amounts during the periods indicated:                                           

                                                                [Download Table]

               Underwriting                            
             Commissions Paid         Amount of        
             to Distributor By Underwriting Commissions
Fiscal year     the Company    Retained by Distributor 
-----------  ----------------- ------------------------
                                                       
   2011.....   $222,177,300               $0           
   2012.....   $201,775,422               $0           
   2013.....   $150,530,898               $0           

Distributor passes through commissions to selling firms for their sales. In     
addition we pay compensation to Distributor to offset its expenses, including   
compensation costs, marketing and distribution expenses, advertising,           
wholesaling, printing, and other expenses of distributing the contracts.        

As noted in the prospectus, we and Distributor pay compensation to all selling  
firms in the form of commissions and certain types of non-cash compensation. We 
and Distributor may pay additional compensation to selected firms, including    
marketing allowances, introduction fees, persistency payments, preferred status 
fees and industry conference fees. The terms of any particular agreement        
governing compensation may vary among selling firms and the amounts may be      
significant.                                                                    

In view of the fact that the contracts are newly offered, no commissions were   
paid in connection with the contracts.                                          

Reduction or Elimination of the Withdrawal Charge                               

We may reduce or eliminate the withdrawal charge under the Contract when        
certain sales or administration of the Contract result in savings or reduced    
expenses and/or risks. We will not reduce or eliminate the withdrawal charge    
where such reduction or elimination would be unfairly discriminatory to any     
person.                                                                         

CALCULATION OF PERFORMANCE INFORMATION                                          

Total Return                                                                    

From time to time, the Company may advertise performance data. Such data will   
show the percentage change in the value of an Accumulation Unit based on the    
performance of an investment portfolio over a period of time, usually a         
calendar year, determined by dividing the increase (decrease) in value for that 
unit by the Accumulation Unit value at the beginning of the period.             

Any such advertisement will include total return figures for the time periods   
indicated in the advertisement. Such total return figures will reflect the      
deduction of the Separate Account product charges, the expenses for the         
underlying investment portfolio being advertised and any applicable account     
fee, withdrawal charge, and/or GWB rider charge. For purposes of calculating    
performance information, the GWB rider charge is currently reflected as a       
percentage of Account Value. Premium taxes are not reflected. The deduction of  
such charges would reduce any percentage increase or make greater any           
percentage decrease.                                                            

The hypothetical value of a contract purchased for the time periods described   
in the advertisement will be determined by using the actual Accumulation Unit   
values for an initial $1,000 Purchase Payment, and deducting any applicable     
account fee and any applicable sales charge to arrive at the ending             
hypothetical value. The average annual total return is then determined by       
computing the fixed interest rate that a $1,000 Purchase Payment would have to  
earn annually, compounded annually, to grow to the hypothetical value at the    
end of the time periods described. The formula used in these calculations is:   

P (1 + T)n = ERV                                                          

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Where:                                                                          

P = a hypothetical initial payment of $1,000                              

T = average annual total return                                           

n = number of years                                                       

                                                        [Enlarge/Download Table]
                                                                                                         
ERV  =  ending redeemable value at the end of the time periods used (or fractional portion thereof) of a
        hypothetical $1,000 payment made at the beginning of the 1, 5 or 10 year periods used.          

The Company may also advertise performance data which will be calculated in the 
same manner as described above but which will not reflect the deduction of a    
withdrawal charge, or GWB rider charge. Premium taxes are not reflected. The    
deduction of such charges would reduce any percentage increase or make greater  
any percentage decrease.                                                        

Owners should note that the investment results of each investment portfolio     
will fluctuate over time, and any presentation of the investment portfolio's    
total return for any period should not be considered as a representation of     
what an investment may earn or what the total return may be in any future       
period.                                                                         

HISTORICAL UNIT VALUES                                                          

The Company may also show historical Accumulation Unit values in certain        
advertisements containing illustrations. These illustrations will be based on   
actual Accumulation Unit values.                                                

In addition, the Company may distribute sales literature which compares the     
percentage change in Accumulation Unit values for any of the investment         
portfolios against established market indices such as the Standard & Poor's 500 
Composite Stock Price Index, the Dow Jones Industrial Average or other          
management investment companies which have investment objectives similar to the 
investment portfolio being compared. The Standard & Poor's 500 Composite Stock  
Price Index is an unmanaged, unweighted average of 500 stocks, the majority of  
which are listed on the New York Stock Exchange. The Dow Jones Industrial       
Average is an unmanaged, weighted average of thirty blue chip industrial        
corporations listed on the New York Stock Exchange. Both the Standard & Poor's  
500 Composite Stock Price Index and the Dow Jones Industrial Average assume     
quarterly reinvestment of dividends.                                            

REPORTING AGENCIES                                                              

The Company may also distribute sales literature which compares the performance 
of the Accumulation Unit values of the Contracts with the unit values of        
variable annuities issued by other insurance companies. Such information will   
be derived from the Lipper Variable Insurance Products Performance Analysis     
Service, the VARDS Report or from Morningstar.                                  

The Lipper Variable Insurance Products Performance Analysis Service is          
published by Lipper Analytical Services, Inc., a publisher of statistical data  
which currently tracks the performance of thousands of investment companies.    
The rankings compiled by Lipper may or may not reflect the deduction of         
asset-based insurance charges. The Company's sales literature utilizing these   
rankings will indicate whether or not such charges have been deducted. Where    
the charges have not been deducted, the sales literature will indicate that if  
the charges had been deducted, the ranking might have been lower.               

The VARDS Report is a monthly variable annuity industry analysis compiled by    
Variable Annuity Research & Data Service. The VARDS rankings may or may not     
reflect the deduction of asset-based insurance charges. In addition, VARDS      
prepares risk adjusted rankings, which consider the effects of market risk on   
total return                                                                    

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performance. This type of ranking may address the question as to which funds    
provide the highest total return with the least amount of risk. Other ranking   
services may be used as sources of performance comparison, such as              
CDA/Weisenberger.                                                               

Morningstar rates a variable annuity against its peers with similar investment  
objectives. Morningstar does not rate any variable annuity that has less than   
three years of performance data.                                                

ANNUITY PROVISIONS                                                              

FIXED ANNUITY                                                                   

A fixed annuity is a series of payments made during the annuity phase which are 
guaranteed as to dollar amount by the Company and do not vary with the          
investment experience of the Separate Account. The Adjusted Contract Value on   
the day immediately preceding the Annuity Date will be used to determine the    
fixed annuity monthly payment. The monthly annuity payment will be based upon   
the Annuity Option elected, the Annuitant's age, the Annuitant's sex (where     
permitted by law), and the appropriate Annuity Option table. Your annuity rates 
will not be less than those guaranteed in your contract at the time of          
purchase. If, as of the annuity calculation date, the then current Annuity      
Option rates applicable to this class of contracts provide an annuity payment   
greater than that which is guaranteed under the same Annuity Option under this  
contract, the greater payment will be made.                                     

MORTALITY AND EXPENSE GUARANTEE                                                 

The Company guarantees that the dollar amount of each annuity payment after the 
first annuity payment will not be affected by variations in mortality or        
expense experience.                                                             

LEGAL OR REGULATORY RESTRICTIONS ON TRANSACTIONS                                

If mandated under applicable law, the Company may be required to reject a       
premium payment. The Company may also be required to block a contract Owner's   
account and thereby refuse to pay any request for transfers, withdrawals,       
surrenders, death benefits or continue making Annuity Payments until            
instructions are received from the appropriate regulator.                       

TAX STATUS OF THE CONTRACTS                                                     

Tax law imposes several requirements that variable annuities must satisfy in    
order to receive the tax treatment normally accorded to annuity contracts.      

DIVERSIFICATION. In order for your Non-Qualified Contract to be considered an   
annuity contract for federal income tax purposes, we must comply with certain   
diversification standards with respect to the investments underlying the        
contract. We believe that we satisfy and will continue to satisfy these         
diversification standards. However, the tax law concerning these rules is       
subject to change and to different interpretations. Inadvertent failure to meet 
these standards may be correctable. Failure to meet these standards would       
result in immediate taxation to contract Owners of gains under their contracts. 
Consult your tax adviser prior to purchase.                                     

If underlying fund shares are sold directly to tax-qualified retirement plans   
that later lose their tax-qualified status or to non-qualified plans, the       
Separate Accounts investing in the underlying fund may fail the diversification 
requirements of Section 817, which could have adverse tax consequences for      
variable contract Owners, including losing the benefit of tax deferral.         

REQUIRED DISTRIBUTIONS. In order to be treated as an annuity contract for       
federal income tax purposes, Section 72(s) of the Code generally requires any   
Non-Qualified Contract to contain certain provisions specifying how your        
interest in the contract will be distributed in the event of the death of an    
Owner of the contract (or on                                                    

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the death of, or change in, any primary Annuitant where the contract is owned   
by a non-natural person). Specifically, Section 72(s) requires that: (a) if any 
Owner dies on or after the annuity starting date, but prior to the time the     
entire interest in the contract has been distributed, the entire interest in    
the contract will be distributed at least as rapidly as under the method of     
distribution being used as of the date of such Owner's death; and (b) if any    
Owner dies prior to the annuity starting date, the entire interest in the       
contract will be distributed within five years after the date of such Owner's   
death. These requirements will be considered satisfied as to any portion of an  
Owner's interest which is payable to or for the benefit of a designated         
Beneficiary and which is distributed over the life of such designated           
Beneficiary or over a period not extending beyond the life expectancy of that   
Beneficiary, provided that such distributions begin within one year of the      
Owner's death. The designated Beneficiary refers to a natural person designated 
by the Owner as a Beneficiary and to whom ownership of the contract passes by   
reason of death. However, if the designated Beneficiary is the surviving spouse 
of the deceased Owner, the contract may be continued with the surviving spouse  
as the new Owner.                                                               

The Non-Qualified Contracts contain provisions that are intended to comply with 
these Code requirements, although no regulations interpreting these             
requirements have yet been issued. We intend to review such provisions and      
modify them if necessary to assure that they comply with the applicable         
requirements when such requirements are clarified by regulation or otherwise.   

OTHER RULES MAY APPLY TO QUALIFIED CONTRACTS.                                   

MANDATORY DISTRIBUTIONS FOR QUALIFIED PLANS. Federal tax law requires that      
minimum annual distributions begin by April 1st of the calendar year following  
the calendar year in which an IRA Owner attains age 70  1/2. If you own more    
than one individual retirement annuity and/ or account, you may satisfy the     
minimum distribution rules on an aggregate basis (i.e., determine the total     
amount of required distributions from all IRAs and take the required amount     
from any one or more IRAs). Recently promulgated Treasury regulations changed   
the distribution requirements; therefore, it is important that you consult your 
tax adviser as to the impact of these regulations on your personal situation.   

The regulations also require that beginning for the 2006 distribution year, the 
value of all benefits under a deferred annuity including death benefits in      
excess of cash value must be added to the Account Value in computing the amount 
required to be distributed over the applicable period. The new rules are not    
entirely clear and you should consult your own tax advisors as to how these     
rules affect your own contract. We will provide you with additional information 
regarding the amount that is subject to minimum distribution under this new     
rule.                                                                           

If you intend to receive your minimum distributions which are payable over the  
joint lives of you and a Beneficiary who is not your spouse (or over a period   
not exceeding the joint life expectancy of you and your non-spousal             
Beneficiary), be advised that Federal tax rules may require that payments be    
made over a shorter period or may require that payments to the Beneficiary be   
reduced after your death to meet the minimum distribution incidental benefit    
rules and avoid the 50% excise tax. Consult your tax advisor.                   

MINIMUM DISTRIBUTIONS FOR BENEFICIARIES UPON THE CONTRACT OWNER'S DEATH. Upon   
the death of the contract Owner and/or Annuitant of a Qualified Contract, the   
funds remaining in the contract must be completely withdrawn within 5 years     
from the date of death (including in a single lump sum) or minimum              
distributions may be taken over the life expectancy of the individual           
beneficiaries (and in certain situations, trusts for individuals), provided     
such distributions are payable at least annually and begin within one year from 
the date of death. Special rules apply in the case of an IRA where the          
Beneficiary is the surviving spouse which allow the spouse to assume the        
contract as Owner. Alternative rules permit a spousal Beneficiary under a       
qualified contract, including an IRA, to defer the minimum distribution         
requirements until the end of the year in which the deceased spouse would have  
attained age 70  1/2 or to rollover the death proceeds to his or her own IRA or 
to another eligible retirement plan in which he or she participates.            

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Under recently enacted legislation, you (and after your death, your designated  
beneficiaries) generally did not have to take the required minimum distribution 
for 2009. For required minimum distributions following the death of the Owner   
or Annuitant of a Qualified Contract, the five year rule is applied without     
regard to calendar year 2009. For instance, if you died in 2009, the five year  
period ends in 2015 instead of 2014. The required minimum distribution rules    
are complex, so consult with your tax adviser before waiving your 2009 required 
minimum distribution payment.                                                   

FINANCIAL STATEMENTS                                                            

The financial statements and financial highlights comprising each of the        
Investment Divisions of the Separate Account and the consolidated financial     
statements of the Company are included herein.                                  

The financial statements of the Company should be considered only as bearing    
upon the ability of the Company to meet its obligations under the contract.     

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM                         

To the Contract Owners of                                                       
Metropolitan Life Separate Account E                                            
and Board of Directors of                                                       
Metropolitan Life Insurance Company                                             

We have audited the accompanying statements of assets and liabilities of        
Metropolitan Life Separate Account E (the "Separate Account") of Metropolitan   
Life Insurance Company (the "Company") comprising each of the individual        
Investment Divisions listed in Note 2.A as of December 31, 2013, the related    
statements of operations for the respective stated period in the year then      
ended, the statements of changes in net assets for the respective stated        
periods in the two years then ended, and the financial highlights in Note 8 for 
the respective stated periods in the five years then ended. These financial     
statements and financial highlights are the responsibility of the Separate      
Account's management. Our responsibility is to express an opinion on these      
financial statements and financial highlights based on our audits.              

We conducted our audits in accordance with the standards of the Public Company  
Accounting Oversight Board (United States). Those standards require that we     
plan and perform the audit to obtain reasonable assurance about whether the     
financial statements and financial highlights are free of material              
misstatement. The Separate Account is not required to have, nor were we engaged 
to perform, an audit of its internal control over financial reporting. Our      
audits included consideration of internal control over financial reporting as a 
basis for designing audit procedures that are appropriate in the circumstances, 
but not for the purpose of expressing an opinion on the effectiveness of the    
Separate Account's internal control over financial reporting. Accordingly, we   
express no such opinion. An audit also includes examining, on a test basis,     
evidence supporting the amounts and disclosures in the financial statements,    
assessing the accounting principles used and significant estimates made by      
management, as well as evaluating the overall financial statement presentation. 
Our procedures included confirmation of investments owned as of December 31,    
2013, by correspondence with the custodian or mutual fund companies. We believe 
that our audits provide a reasonable basis for our opinion.                     

In our opinion, the financial statements and financial highlights referred to   
above present fairly, in all material respects, the financial position of each  
of the Investment Divisions constituting the Separate Account of the Company as 
of December 31, 2013, the results of their operations for the respective stated 
period in the year then ended, the changes in their net assets for the          
respective stated periods in the two years then ended, and the financial        
highlights for the respective stated periods in the five years then ended, in   
conformity with accounting principles generally accepted in the United States   
of America.                                                                     

/s/ DELOITTE & TOUCHE LLP                                                       
Certified Public Accountants                                                    

Tampa, Florida                                                                  
March 27, 2014                                                                  

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES    
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                                                   AMERICAN FUNDS                                               
                                             AMERICAN FUNDS         GLOBAL SMALL         AMERICAN FUNDS        AMERICAN FUNDS   
                                                  BOND             CAPITALIZATION            GROWTH             GROWTH-INCOME   
                                           INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                          --------------------  --------------------  --------------------  --------------------
                                                                                                                                
ASSETS:                                                                                                                         
   Investments at fair value............. $        113,016,462  $        588,501,428  $      1,121,813,472  $       866,506,956 
   Due from Metropolitan Life                                                                                                   
     Insurance Company...................                   --                    --                    --                   -- 
                                          --------------------  --------------------  --------------------  --------------------
        Total Assets.....................          113,016,462           588,501,428         1,121,813,472          866,506,956 
                                          --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                    
   Accrued fees..........................                   19                    12                    14                   13 
   Due to Metropolitan Life                                                                                                     
     Insurance Company...................                    4                     1                     3                  123 
                                          --------------------  --------------------  --------------------  --------------------
        Total Liabilities................                   23                    13                    17                  136 
                                          --------------------  --------------------  --------------------  --------------------

NET ASSETS............................... $        113,016,439  $        588,501,415  $      1,121,813,455  $       866,506,820 
                                          ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                         
   Net assets from accumulation units.... $        112,829,132  $        588,086,736  $      1,121,108,971  $       865,915,519 
   Net assets from contracts in payout...              187,307               414,679               704,484              591,301 
                                          --------------------  --------------------  --------------------  --------------------
        Total Net Assets................. $        113,016,439  $        588,501,415  $      1,121,813,455  $       866,506,820 
                                          ====================  ====================  ====================  ====================

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]


                                            CALVERT VP SRI        CALVERT VP SRI         FIDELITY VIP          FIDELITY VIP    
                                               BALANCED           MID CAP GROWTH         EQUITY-INCOME       FUNDSMANAGER 50%  
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $         56,643,460  $         14,202,309  $         95,223,010  $        120,060,165
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                    1                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................           56,643,461            14,202,309            95,223,010           120,060,165
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    3                    --                     1                    --
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   --                    --                     1                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    3                    --                     2                    --
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $         56,643,458  $         14,202,309  $         95,223,008  $        120,060,165
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $         56,643,458  $         14,202,309  $         93,869,052  $        120,060,165
   Net assets from contracts in payout..                   --                    --             1,353,956                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $         56,643,458  $         14,202,309  $         95,223,008  $        120,060,165
                                         ====================  ====================  ====================  ====================



                                                                                         FIDELITY VIP                          
                                             FIDELITY VIP                              INVESTMENT GRADE        FIDELITY VIP    
                                           FUNDSMANAGER 60%     FIDELITY VIP GROWTH          BOND              MONEY MARKET    
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        291,255,733  $         95,812,869  $         16,664,039  $         10,057,109
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................          291,255,733            95,812,869            16,664,039            10,057,109
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   --                    --                    --                    --
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   --                     1                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   --                     1                    --                    --
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $        291,255,733  $         95,812,868  $         16,664,039  $         10,057,109
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        291,255,733  $         95,812,868  $         16,664,039  $         10,057,109
   Net assets from contracts in payout..                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $        291,255,733  $         95,812,868  $         16,664,039  $         10,057,109
                                         ====================  ====================  ====================  ====================


                                                 MIST                                                                          
                                           ALLIANCEBERNSTEIN       MIST AMERICAN                                               
                                            GLOBAL DYNAMIC        FUNDS BALANCED                                               
                                              ALLOCATION            ALLOCATION                                                 
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  --------------------                                            
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $      1,557,670,403  $        799,895,158                                            
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                                            
                                         --------------------  --------------------                                            
        Total Assets....................        1,557,670,403           799,895,158                                            
                                         --------------------  --------------------                                            
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    3                     5                                            
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   --                     1                                            
                                         --------------------  --------------------                                            
        Total Liabilities...............                    3                     6                                            
                                         --------------------  --------------------                                            

NET ASSETS.............................. $      1,557,670,400  $        799,895,152                                            
                                         ====================  ====================                                            
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $      1,557,670,400  $        799,865,410                                            
   Net assets from contracts in payout..                   --                29,742                                            
                                         --------------------  --------------------                                            
        Total Net Assets................ $      1,557,670,400  $        799,895,152                                            
                                         ====================  ====================                                            


The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                             MIST AMERICAN                               MIST AMERICAN                         
                                             FUNDS GROWTH          MIST AMERICAN        FUNDS MODERATE        MIST AQR GLOBAL  
                                              ALLOCATION           FUNDS GROWTH           ALLOCATION           RISK BALANCED   
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        417,519,491  $        369,736,905  $        971,848,251  $      1,689,296,734
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................          417,519,491           369,736,905           971,848,251         1,689,296,734
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    5                     4                     2                     1
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    1                     2                     2                     1
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    6                     6                     4                     2
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $        417,519,485  $        369,736,899  $        971,848,247  $      1,689,296,732
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        417,505,735  $        369,709,489  $        971,456,717  $      1,689,296,732
   Net assets from contracts in payout..               13,750                27,410               391,530                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $        417,519,485  $        369,736,899  $        971,848,247  $      1,689,296,732
                                         ====================  ====================  ====================  ====================


                                            MIST BLACKROCK                                                                     
                                            GLOBAL TACTICAL       MIST BLACKROCK                                               
                                              STRATEGIES          LARGE CAP CORE          VARIABLE B            VARIABLE C     
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $      1,991,834,925  $        739,787,039  $         13,976,723  $          1,246,820
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                     1                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................        1,991,834,925           739,787,039            13,976,724             1,246,820
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    1                    19                    --                    --
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    2                     7                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    3                    26                    --                    --
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $      1,991,834,922  $        739,787,013  $         13,976,724  $          1,246,820
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $      1,991,834,922  $        733,998,515  $         13,675,902  $          1,246,820
   Net assets from contracts in payout..                   --             5,788,498               300,822                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $      1,991,834,922  $        739,787,013  $         13,976,724  $          1,246,820
                                         ====================  ====================  ====================  ====================



                                          MIST CLARION GLOBAL    MIST CLEARBRIDGE                                              
                                              REAL ESTATE      AGGRESSIVE GROWTH II                                            
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  --------------------                                            
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        253,186,010  $        423,765,642                                            
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                                            
                                         --------------------  --------------------                                            
        Total Assets....................          253,186,010           423,765,642                                            
                                         --------------------  --------------------                                            
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   10                     9                                            
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   --                     2                                            
                                         --------------------  --------------------                                            
        Total Liabilities...............                   10                    11                                            
                                         --------------------  --------------------                                            

NET ASSETS.............................. $        253,186,000  $        423,765,631                                            
                                         ====================  ====================                                            
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        253,056,627  $        423,655,877                                            
   Net assets from contracts in payout..              129,373               109,754                                            
                                         --------------------  --------------------                                            
        Total Net Assets................ $        253,186,000  $        423,765,631                                            
                                         ====================  ====================                                            

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                                                    MIST HARRIS          MIST INVESCO                          
                                           MIST CLEARBRIDGE           OAKMARK            BALANCED-RISK         MIST INVESCO    
                                           AGGRESSIVE GROWTH       INTERNATIONAL          ALLOCATION           MID CAP VALUE   
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        170,478,459  $        597,907,536  $        433,699,156  $        517,780,851
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    21
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................          170,478,459           597,907,536           433,699,156           517,780,872
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    8                    10                     3                    11
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    2                    14                     1                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   10                    24                     4                    11
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $        170,478,449  $        597,907,512  $        433,699,152  $        517,780,861
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        170,393,840  $        597,394,970  $        433,699,152  $        517,246,309
   Net assets from contracts in payout..               84,609               512,542                    --               534,552
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $        170,478,449  $        597,907,512  $        433,699,152  $        517,780,861
                                         ====================  ====================  ====================  ====================


                                                                                         MIST JPMORGAN                         
                                             MIST INVESCO          MIST JPMORGAN         GLOBAL ACTIVE         MIST JPMORGAN   
                                           SMALL CAP GROWTH          CORE BOND            ALLOCATION          SMALL CAP VALUE  
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $         52,424,256  $         88,832,329  $        553,137,852  $         19,791,911
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................           52,424,256            88,832,329           553,137,852            19,791,911
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   20                     5                     3                     7
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    2                     1                     1                     1
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   22                     6                     4                     8
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $         52,424,234  $         88,832,323  $        553,137,848  $         19,791,903
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $         52,399,113  $         88,830,402  $        553,137,848  $         19,790,634
   Net assets from contracts in payout..               25,121                 1,921                    --                 1,269
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $         52,424,234  $         88,832,323  $        553,137,848  $         19,791,903
                                         ====================  ====================  ====================  ====================



                                          MIST LOOMIS SAYLES     MIST LORD ABBETT                                              
                                            GLOBAL MARKETS        BOND DEBENTURE                                               
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  --------------------                                            
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        128,415,708  $       339,376,634                                             
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                   --                                             
                                         --------------------  --------------------                                            
        Total Assets....................          128,415,708          339,376,634                                             
                                         --------------------  --------------------                                            
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    7                   15                                             
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    2                    4                                             
                                         --------------------  --------------------                                            
        Total Liabilities...............                    9                   19                                             
                                         --------------------  --------------------                                            

NET ASSETS.............................. $        128,415,699  $       339,376,615                                             
                                         ====================  ====================                                            
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        128,402,847  $       339,114,690                                             
   Net assets from contracts in payout..               12,852              261,925                                             
                                         --------------------  --------------------                                            
        Total Net Assets................ $        128,415,699  $       339,376,615                                             
                                         ====================  ====================                                            

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                                                 MIST MET/FRANKLIN                                             
                                            MIST MET/EATON         LOW DURATION       MIST MET/TEMPLETON       MIST METLIFE    
                                          VANCE FLOATING RATE      TOTAL RETURN       INTERNATIONAL BOND    AGGRESSIVE STRATEGY
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $         17,414,858  $         76,708,375  $          8,897,039  $        228,507,713
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................           17,414,858            76,708,375             8,897,039           228,507,713
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    3                     8                     2                     6
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   --                     3                    --                    10
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    3                    11                     2                    16
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $         17,414,855  $         76,708,364  $          8,897,037  $        228,507,697
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $         17,414,855  $         76,708,364  $          8,897,037  $        221,049,618
   Net assets from contracts in payout..                   --                    --                    --             7,458,079
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $         17,414,855  $         76,708,364  $          8,897,037  $        228,507,697
                                         ====================  ====================  ====================  ====================


                                                                                         MIST METLIFE                          
                                             MIST METLIFE          MIST METLIFE           MULTI-INDEX        MIST MFS EMERGING 
                                             BALANCED PLUS        GROWTH STRATEGY        TARGETED RISK        MARKETS EQUITY   
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $      2,758,152,664  $         86,580,395  $        261,549,608  $         53,202,062
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................        2,758,152,664            86,580,395           261,549,608            53,202,062
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    1                     5                     4                     3
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    1                     1                     1                     1
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    2                     6                     5                     4
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $      2,758,152,662  $         86,580,389  $        261,549,603  $         53,202,058
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $      2,758,152,662  $         86,426,786  $        261,549,603  $         53,202,058
   Net assets from contracts in payout..                   --               153,603                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $      2,758,152,662  $         86,580,389  $        261,549,603  $         53,202,058
                                         ====================  ====================  ====================  ====================



                                           MIST MFS RESEARCH    MIST MORGAN STANLEY                                            
                                             INTERNATIONAL        MID CAP GROWTH                                               
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  --------------------                                            
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        252,471,428  $        399,201,523                                            
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                                            
                                         --------------------  --------------------                                            
        Total Assets....................          252,471,428           399,201,523                                            
                                         --------------------  --------------------                                            
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   16                    15                                            
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   14                     7                                            
                                         --------------------  --------------------                                            
        Total Liabilities...............                   30                    22                                            
                                         --------------------  --------------------                                            

NET ASSETS.............................. $        252,471,398  $        399,201,501                                            
                                         ====================  ====================                                            
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        251,933,968  $        398,928,889                                            
   Net assets from contracts in payout..              537,430               272,612                                            
                                         --------------------  --------------------                                            
        Total Net Assets................ $        252,471,398  $        399,201,501                                            
                                         ====================  ====================                                            


The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                                                   MIST PIMCO                                                  
                                          MIST OPPENHEIMER     INFLATION PROTECTED      MIST PIMCO           MIST PIONEER      
                                            GLOBAL EQUITY             BOND             TOTAL RETURN        STRATEGIC INCOME    
                                         INVESTMENT DIVISION   INVESTMENT DIVISION  INVESTMENT DIVISION   INVESTMENT DIVISION  
                                         -------------------  --------------------  -------------------  --------------------  
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $       284,310,750  $        559,896,337  $     1,166,300,328  $         69,401,880  
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                  --                    --                    2                    --  
                                         -------------------  --------------------  -------------------  --------------------  
       Total Assets.....................         284,310,750           559,896,337        1,166,300,330            69,401,880  
                                         -------------------  --------------------  -------------------  --------------------  
LIABILITIES:                                                                                                                   
   Accrued fees.........................                  13                     9                   10                     3  
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                  10                     2                   --                    --  
                                         -------------------  --------------------  -------------------  --------------------  
       Total Liabilities................                  23                    11                   10                     3  
                                         -------------------  --------------------  -------------------  --------------------  

NET ASSETS.............................. $       284,310,727  $        559,896,326  $     1,166,300,320  $         69,401,877  
                                         ===================  ====================  ===================  ====================  
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $       284,155,795  $        559,681,838  $     1,165,828,462  $         69,401,877  
   Net assets from contracts in payout..             154,932               214,488              471,858                    --  
                                         -------------------  --------------------  -------------------  --------------------  
       Total Net Assets................. $       284,310,727  $        559,896,326  $     1,166,300,320  $         69,401,877  
                                         ===================  ====================  ===================  ====================  



                                             MIST PYRAMIS          MIST PYRAMIS         MIST SCHRODERS       MIST SSGA GROWTH  
                                           GOVERNMENT INCOME       MANAGED RISK       GLOBAL MULTI-ASSET      AND INCOME ETF   
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        541,918,860  $        57,316,482   $        357,921,887  $       979,735,905 
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                   --                     --                   -- 
                                         --------------------  --------------------  --------------------  --------------------
       Total Assets.....................          541,918,860           57,316,482            357,921,887          979,735,905 
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    4                    4                      3                    4 
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    1                    1                      1                    3 
                                         --------------------  --------------------  --------------------  --------------------
       Total Liabilities................                    5                    5                      4                    7 
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $        541,918,855  $        57,316,477   $        357,921,883  $       979,735,898 
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        541,918,855  $        57,316,477   $        357,921,883  $       979,370,871 
   Net assets from contracts in payout..                   --                   --                     --              365,027 
                                         --------------------  --------------------  --------------------  --------------------
       Total Net Assets................. $        541,918,855  $        57,316,477   $        357,921,883  $       979,735,898 
                                         ====================  ====================  ====================  ====================



                                              MIST SSGA        MIST T. ROWE PRICE                                              
                                             GROWTH ETF          MID CAP GROWTH                                                
                                         INVESTMENT DIVISION   INVESTMENT DIVISION                                             
                                         -------------------  --------------------                                             
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $       150,739,397  $        393,848,248                                             
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                  --                    --                                             
                                         -------------------  --------------------                                             
       Total Assets.....................         150,739,397           393,848,248                                             
                                         -------------------  --------------------                                             
LIABILITIES:                                                                                                                   
   Accrued fees.........................                  11                     6                                             
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   3                     3                                             
                                         -------------------  --------------------                                             
       Total Liabilities................                  14                     9                                             
                                         -------------------  --------------------                                             

NET ASSETS.............................. $       150,739,383  $        393,848,239                                             
                                         ===================  ====================                                             
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $       150,727,962  $        393,495,178                                             
   Net assets from contracts in payout..              11,421               353,061                                             
                                         -------------------  --------------------                                             
       Total Net Assets................. $       150,739,383  $        393,848,239                                             
                                         ===================  ====================                                             

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                           MIST THIRD AVENUE    MSF BAILLIE GIFFORD      MSF BARCLAYS          MSF BLACKROCK   
                                            SMALL CAP VALUE     INTERNATIONAL STOCK  AGGREGATE BOND INDEX       BOND INCOME    
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $         16,848,473  $        162,561,078  $      1,173,488,798  $        478,446,497
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................           16,848,473           162,561,078         1,173,488,798           478,446,497
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    5                    18                    11                    11
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    1                     5                     4                     4
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    6                    23                    15                    15
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $         16,848,467  $        162,561,055  $      1,173,488,783  $        478,446,482
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $         16,848,467  $        162,168,580  $      1,171,116,554  $        475,651,181
   Net assets from contracts in payout..                   --               392,475             2,372,229             2,795,301
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $         16,848,467  $        162,561,055  $      1,173,488,783  $        478,446,482
                                         ====================  ====================  ====================  ====================


                                             MSF BLACKROCK        MSF BLACKROCK         MSF BLACKROCK         MSF BLACKROCK    
                                         CAPITAL APPRECIATION      DIVERSIFIED         LARGE CAP VALUE        MONEY MARKET     
                                          INVESTMENT DIVISION  INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION 
                                         --------------------  -------------------  --------------------  -------------------- 
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        189,056,529  $       680,740,995  $       270,163,041   $         83,385,119 
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                   --                    1                      4 
                                         --------------------  -------------------  --------------------  -------------------- 
        Total Assets....................          189,056,529          680,740,995          270,163,042             83,385,123 
                                         --------------------  -------------------  --------------------  -------------------- 
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    9                   10                   10                     10 
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   --                    6                   --                     -- 
                                         --------------------  -------------------  --------------------  -------------------- 
        Total Liabilities...............                    9                   16                   10                     10 
                                         --------------------  -------------------  --------------------  -------------------- 

NET ASSETS.............................. $        189,056,520  $       680,740,979  $       270,163,032   $         83,385,113 
                                         ====================  ===================  ====================  ==================== 
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        188,060,169  $       674,373,016  $       270,102,641   $         82,791,094 
   Net assets from contracts in payout..              996,351            6,367,963               60,391                594,019 
                                         --------------------  -------------------  --------------------  -------------------- 
        Total Net Assets................ $        189,056,520  $       680,740,979  $       270,163,032   $         83,385,113 
                                         ====================  ===================  ====================  ==================== 


                                           MSF DAVIS VENTURE       MSF FRONTIER                                                
                                                 VALUE            MID CAP GROWTH                                               
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  --------------------                                            
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        659,765,499  $        515,676,533                                            
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                                            
                                         --------------------  --------------------                                            
        Total Assets....................          659,765,499           515,676,533                                            
                                         --------------------  --------------------                                            
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   14                    13                                            
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    6                     7                                            
                                         --------------------  --------------------                                            
        Total Liabilities...............                   20                    20                                            
                                         --------------------  --------------------                                            

NET ASSETS.............................. $        659,765,479  $        515,676,513                                            
                                         ====================  ====================                                            
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        657,240,995  $        515,170,118                                            
   Net assets from contracts in payout..            2,524,484               506,395                                            
                                         --------------------  --------------------                                            
        Total Net Assets................ $        659,765,479  $        515,676,513                                            
                                         ====================  ====================                                            

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]


                                             MSF JENNISON        MSF LOOMIS SAYLES     MSF LOOMIS SAYLES      MSF MET/ARTISAN  
                                                GROWTH            SMALL CAP CORE       SMALL CAP GROWTH        MID CAP VALUE   
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        177,299,374  $        203,229,747  $         64,392,869  $        268,786,626
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................          177,299,374           203,229,747            64,392,869           268,786,626
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   14                    16                    16                    14
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   12                     2                     5                     5
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   26                    18                    21                    19
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $        177,299,348  $        203,229,729  $         64,392,848  $        268,786,607
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        176,946,086  $        202,046,649  $         64,331,318  $        267,816,698
   Net assets from contracts in payout..              353,262             1,183,080                61,530               969,909
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $        177,299,348  $        203,229,729  $         64,392,848  $        268,786,607
                                         ====================  ====================  ====================  ====================


                                          MSF MET/DIMENSIONAL       MSF METLIFE           MSF METLIFE                          
                                          INTERNATIONAL SMALL      CONSERVATIVE         CONSERVATIVE TO         MSF METLIFE    
                                                COMPANY             ALLOCATION        MODERATE ALLOCATION   MID CAP STOCK INDEX
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $          5,887,259  $        550,180,382  $      1,476,093,809  $        532,114,739
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                     6
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................            5,887,259           550,180,382         1,476,093,809           532,114,745
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    4                     4                     2                    10
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    1                     4                     2                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                    5                     8                     4                    10
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $          5,887,254  $        550,180,374  $      1,476,093,805  $        532,114,735
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $          5,887,254  $        550,156,753  $      1,475,729,970  $        531,377,297
   Net assets from contracts in payout..                   --                23,621               363,835               737,438
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $          5,887,254  $        550,180,374  $      1,476,093,805  $        532,114,735
                                         ====================  ====================  ====================  ====================


                                                                    MSF METLIFE                                                
                                              MSF METLIFE           MODERATE TO                                                
                                          MODERATE ALLOCATION  AGGRESSIVE ALLOCATION                                           
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  ---------------------                                           
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $      4,454,029,368   $     1,955,179,910                                            
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                                            
                                         --------------------  ---------------------                                           
        Total Assets....................        4,454,029,368         1,955,179,910                                            
                                         --------------------  ---------------------                                           
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    5                     3                                            
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    4                     2                                            
                                         --------------------  ---------------------                                           
        Total Liabilities...............                    9                     5                                            
                                         --------------------  ---------------------                                           

NET ASSETS.............................. $      4,454,029,359   $     1,955,179,905                                            
                                         ====================  =====================                                           
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $      4,452,987,474   $     1,951,300,360                                            
   Net assets from contracts in payout..            1,041,885             3,879,545                                            
                                         --------------------  ---------------------                                           
        Total Net Assets................ $      4,454,029,359   $     1,955,179,905                                            
                                         ====================  =====================                                           

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONTINUED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]


                                              MSF METLIFE          MSF MFS TOTAL                                 MSF MSCI      
                                              STOCK INDEX             RETURN             MSF MFS VALUE          EAFE INDEX     
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $      3,062,136,495  $        155,581,016  $        519,644,748  $        534,853,089
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................        3,062,136,495           155,581,016           519,644,748           534,853,089
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   11                     9                    13                    11
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   32                     3                     8                     5
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   43                    12                    21                    16
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $      3,062,136,452  $        155,581,004  $        519,644,727  $        534,853,073
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $      3,033,664,548  $        153,235,218  $        514,168,369  $        534,467,539
   Net assets from contracts in payout..           28,471,904             2,345,786             5,476,358               385,534
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $      3,062,136,452  $        155,581,004  $        519,644,727  $        534,853,073
                                         ====================  ====================  ====================  ====================



                                             MSF NEUBERGER       MSF RUSSELL 2000      MSF T. ROWE PRICE     MSF T. ROWE PRICE 
                                            BERMAN GENESIS             INDEX           LARGE CAP GROWTH      SMALL CAP GROWTH  
                                          INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                         --------------------  --------------------  --------------------  --------------------
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $        368,249,860  $        347,868,985  $        427,299,450  $        395,500,818
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                    24                     5                     3
                                         --------------------  --------------------  --------------------  --------------------
        Total Assets....................          368,249,860           347,869,009           427,299,455           395,500,821
                                         --------------------  --------------------  --------------------  --------------------
LIABILITIES:                                                                                                                   
   Accrued fees.........................                   17                    14                    11                    12
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                   15                    --                    --                    --
                                         --------------------  --------------------  --------------------  --------------------
        Total Liabilities...............                   32                    14                    11                    12
                                         --------------------  --------------------  --------------------  --------------------

NET ASSETS.............................. $        368,249,828  $        347,868,995  $        427,299,444  $        395,500,809
                                         ====================  ====================  ====================  ====================
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $        367,643,384  $        347,468,516  $        419,280,502  $        395,093,951
   Net assets from contracts in payout..              606,444               400,479             8,018,942               406,858
                                         --------------------  --------------------  --------------------  --------------------
        Total Net Assets................ $        368,249,828  $        347,868,995  $        427,299,444  $        395,500,809
                                         ====================  ====================  ====================  ====================


                                                                 MSF WESTERN ASSET                                             
                                          MSF VAN ECK GLOBAL   MANAGEMENT STRATEGIC                                            
                                           NATURAL RESOURCES    BOND OPPORTUNITIES                                             
                                          INVESTMENT DIVISION   INVESTMENT DIVISION                                            
                                         --------------------  --------------------                                            
                                                                                                                               
ASSETS:                                                                                                                        
   Investments at fair value............ $         41,407,918  $       230,763,509                                             
   Due from Metropolitan Life                                                                                                  
     Insurance Company..................                   --                   --                                             
                                         --------------------  --------------------                                            
        Total Assets....................           41,407,918          230,763,509                                             
                                         --------------------  --------------------                                            
LIABILITIES:                                                                                                                   
   Accrued fees.........................                    4                   12                                             
   Due to Metropolitan Life                                                                                                    
     Insurance Company..................                    2                    3                                             
                                         --------------------  --------------------                                            
        Total Liabilities...............                    6                   15                                             
                                         --------------------  --------------------                                            

NET ASSETS.............................. $         41,407,912  $       230,763,494                                             
                                         ====================  ====================                                            
CONTRACT OWNERS' EQUITY                                                                                                        
   Net assets from accumulation units... $         41,407,912  $       229,850,350                                             
   Net assets from contracts in payout..                   --              913,144                                             
                                         --------------------  --------------------                                            
        Total Net Assets................ $         41,407,912  $       230,763,494                                             
                                         ====================  ====================                                            

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF ASSETS AND LIABILITIES -- (CONCLUDED)   
DECEMBER 31, 2013   

                                                        [Enlarge/Download Table]

                                                                                                                MSF WESTERN ASSET 
                                                                                                                   MANAGEMENT     
                                                                                                                 U.S. GOVERNMENT  
                                                                                                               INVESTMENT DIVISION
                                                                                                              --------------------
                                                                                                                                  
ASSETS:                                                                                                                           
   Investments at fair value................................................................................. $        212,578,790
   Due from Metropolitan Life                                                                                                     
     Insurance Company.......................................................................................                   --
                                                                                                              --------------------
        Total Assets.........................................................................................          212,578,790
                                                                                                              --------------------
LIABILITIES:                                                                                                                      
   Accrued fees..............................................................................................                   16
   Due to Metropolitan Life                                                                                                       
     Insurance Company.......................................................................................                    4
                                                                                                              --------------------
        Total Liabilities....................................................................................                   20
                                                                                                              --------------------

NET ASSETS................................................................................................... $        212,578,770
                                                                                                              ====================
CONTRACT OWNERS' EQUITY                                                                                                           
   Net assets from accumulation units........................................................................ $        212,301,215
   Net assets from contracts in payout.......................................................................              277,555
                                                                                                              --------------------
        Total Net Assets..................................................................................... $        212,578,770
                                                                                                              ====================

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS    
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]

                                                                       AMERICAN FUNDS                          
                                                 AMERICAN FUNDS         GLOBAL SMALL          AMERICAN FUNDS   
                                                      BOND             CAPITALIZATION             GROWTH       
                                               INVESTMENT DIVISION   INVESTMENT DIVISION    INVESTMENT DIVISION
                                              --------------------  ---------------------  --------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          2,095,935  $           4,792,137  $          9,668,642
                                              --------------------  ---------------------  --------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            1,506,872              6,689,075            12,531,615
      Administrative charges.................              292,846              1,321,880             2,485,638
                                              --------------------  ---------------------  --------------------
         Total expenses......................            1,799,718              8,010,955            15,017,253
                                              --------------------  ---------------------  --------------------
           Net investment income (loss)......              296,217            (3,218,818)           (5,348,611)
                                              --------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............            1,379,190                     --                    --
      Realized gains (losses) on sale of                                                                       
         investments.........................            (279,635)              6,256,474            34,797,602
                                              --------------------  ---------------------  --------------------
           Net realized gains (losses).......            1,099,555              6,256,474            34,797,602
                                              --------------------  ---------------------  --------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................          (5,900,521)            126,072,179           231,523,086
                                              --------------------  ---------------------  --------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................          (4,800,966)            132,328,653           266,320,688
                                              --------------------  ---------------------  --------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $        (4,504,749)  $         129,109,835  $        260,972,077
                                              ====================  =====================  ====================



                                                  AMERICAN FUNDS        CALVERT VP SRI        CALVERT VP SRI   
                                                   GROWTH-INCOME           BALANCED           MID CAP GROWTH   
                                                INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION
                                              ---------------------  --------------------  --------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          10,657,623  $            563,608  $                 --
                                              ---------------------  --------------------  --------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................             9,573,071               508,379               100,803
      Administrative charges.................             1,892,674               112,905                27,057
                                              ---------------------  --------------------  --------------------
         Total expenses......................            11,465,745               621,284               127,860
                                              ---------------------  --------------------  --------------------
           Net investment income (loss)......             (808,122)              (57,676)             (127,860)
                                              ---------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............                    --             4,754,392             1,529,805
      Realized gains (losses) on sale of                                                                       
         investments.........................            22,015,003               621,808               607,111
                                              ---------------------  --------------------  --------------------
           Net realized gains (losses).......            22,015,003             5,376,200             2,136,916
                                              ---------------------  --------------------  --------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................           197,272,916             3,010,244             1,369,092
                                              ---------------------  --------------------  --------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................           219,287,919             8,386,444             3,506,008
                                              ---------------------  --------------------  --------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         218,479,797  $          8,328,768  $          3,378,148
                                              =====================  ====================  ====================



                                                  FIDELITY VIP          FIDELITY VIP           FIDELITY VIP    
                                                  EQUITY-INCOME       FUNDSMANAGER 50%       FUNDSMANAGER 60%  
                                               INVESTMENT DIVISION   INVESTMENT DIVISION    INVESTMENT DIVISION
                                              --------------------  ---------------------  --------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          2,236,791  $           1,127,222  $          3,180,014
                                              --------------------  ---------------------  --------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................              710,601              1,408,113             5,364,834
      Administrative charges.................              216,918                     --                    --
                                              --------------------  ---------------------  --------------------
         Total expenses......................              927,519              1,408,113             5,364,834
                                              --------------------  ---------------------  --------------------
           Net investment income (loss)......            1,309,272              (280,891)           (2,184,820)
                                              --------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............            5,929,140                637,126            10,167,104
      Realized gains (losses) on sale of                                                                       
         investments.........................              420,099                 40,316             2,213,661
                                              --------------------  ---------------------  --------------------
           Net realized gains (losses).......            6,349,239                677,442            12,380,765
                                              --------------------  ---------------------  --------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................           13,593,477              8,280,722            31,377,318
                                              --------------------  ---------------------  --------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................           19,942,716              8,958,164            43,758,083
                                              --------------------  ---------------------  --------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         21,251,988  $           8,677,273  $         41,573,263
                                              ====================  =====================  ====================



                                                FIDELITY VIP GROWTH                                            
                                                INVESTMENT DIVISION                                            
                                              ---------------------                                            
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $             246,038                                            
                                              ---------------------                                            
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................               636,108                                            
      Administrative charges.................               170,961                                            
                                              ---------------------                                            
         Total expenses......................               807,069                                            
                                              ---------------------                                            
           Net investment income (loss)......             (561,031)                                            
                                              ---------------------                                            
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............                58,580                                            
      Realized gains (losses) on sale of                                                                       
         investments.........................             1,749,515                                            
                                              ---------------------                                            
           Net realized gains (losses).......             1,808,095                                            
                                              ---------------------                                            
      Change in unrealized gains (losses)                                                                      
         on investments......................            24,557,252                                            
                                              ---------------------                                            
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................            26,365,347                                            
                                              ---------------------                                            
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $          25,804,316                                            
                                              =====================                                            

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]

                                                                                                  MIST          
                                                  FIDELITY VIP                              ALLIANCEBERNSTEIN   
                                                INVESTMENT GRADE        FIDELITY VIP         GLOBAL DYNAMIC     
                                                      BOND              MONEY MARKET           ALLOCATION       
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION  
                                              --------------------  --------------------  --------------------  
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $            408,583  $              2,810  $         17,436,085  
                                              --------------------  --------------------  --------------------  
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................              146,259               116,605            13,867,812  
      Administrative charges.................               39,299                15,816             3,498,707  
                                              --------------------  --------------------  --------------------  
         Total expenses......................              185,558               132,421            17,366,519  
                                              --------------------  --------------------  --------------------  
           Net investment income (loss)......              223,025             (129,611)                69,566  
                                              --------------------  --------------------  --------------------  
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............              209,564                    --            28,979,976  
      Realized gains (losses) on sale of                                                                        
         investments.........................                9,184                    --               578,582  
                                              --------------------  --------------------  --------------------  
           Net realized gains (losses).......              218,748                    --            29,558,558  
                                              --------------------  --------------------  --------------------  
      Change in unrealized gains (losses)                                                                       
         on investments......................          (1,008,199)                    --            99,050,193  
                                              --------------------  --------------------  --------------------  
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................            (789,451)                    --           128,608,751  
                                              --------------------  --------------------  --------------------  
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $          (566,426)  $          (129,611)  $        128,678,317  
                                              ====================  ====================  ====================  



                                                  MIST AMERICAN         MIST AMERICAN                           
                                                 FUNDS BALANCED         FUNDS GROWTH          MIST AMERICAN     
                                                   ALLOCATION            ALLOCATION           FUNDS GROWTH      
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION  
                                              --------------------  --------------------  --------------------  
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $          9,949,080  $          3,712,742  $          1,482,103  
                                              --------------------  --------------------  --------------------  
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................            7,448,147             3,851,861             3,442,229  
      Administrative charges.................            1,835,046               925,045               844,836  
                                              --------------------  --------------------  --------------------  
         Total expenses......................            9,283,193             4,776,906             4,287,065  
                                              --------------------  --------------------  --------------------  
           Net investment income (loss)......              665,887           (1,064,164)           (2,804,962)  
                                              --------------------  --------------------  --------------------  
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............           44,738,212            20,486,382            16,480,984  
      Realized gains (losses) on sale of                                                                        
         investments.........................            6,808,563             6,464,405             8,589,908  
                                              --------------------  --------------------  --------------------  
           Net realized gains (losses).......           51,546,775            26,950,787            25,070,892  
                                              --------------------  --------------------  --------------------  
      Change in unrealized gains (losses)                                                                       
         on investments......................           64,077,722            52,896,385            61,692,648  
                                              --------------------  --------------------  --------------------  
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................          115,624,497            79,847,172            86,763,540  
                                              --------------------  --------------------  --------------------  
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $        116,290,384  $         78,783,008  $         83,958,578  
                                              ====================  ====================  ====================  



                                                  MIST AMERICAN                               MIST BLACKROCK    
                                                 FUNDS MODERATE         MIST AQR GLOBAL       GLOBAL TACTICAL   
                                                   ALLOCATION            RISK BALANCED          STRATEGIES      
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              ---------------------  --------------------  ---------------------
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $          15,411,175  $         38,882,854  $          24,551,334
                                              ---------------------  --------------------  ---------------------
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................             9,607,073            18,651,002             18,211,659
      Administrative charges.................             2,343,836             4,702,333              4,596,457
                                              ---------------------  --------------------  ---------------------
         Total expenses......................            11,950,909            23,353,335             22,808,116
                                              ---------------------  --------------------  ---------------------
           Net investment income (loss)......             3,460,266            15,529,519              1,743,218
                                              ---------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............            50,830,885            72,455,716             39,685,717
      Realized gains (losses) on sale of                                                                        
         investments.........................             9,906,449          (12,508,021)              2,228,382
                                              ---------------------  --------------------  ---------------------
           Net realized gains (losses).......            60,737,334            59,947,695             41,914,099
                                              ---------------------  --------------------  ---------------------
      Change in unrealized gains (losses)                                                                       
         on investments......................            43,237,433         (175,248,264)            115,124,941
                                              ---------------------  --------------------  ---------------------
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................           103,974,767         (115,300,569)            157,039,040
                                              ---------------------  --------------------  ---------------------
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $         107,435,033  $       (99,771,050)  $         158,782,258
                                              =====================  ====================  =====================



                                                 MIST BLACKROCK                                                 
                                                 LARGE CAP CORE                                                 
                                               INVESTMENT DIVISION                                              
                                              --------------------                                              
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $          9,437,690                                              
                                              --------------------                                              
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................            6,514,033                                              
      Administrative charges.................            1,397,591                                              
                                              --------------------                                              
         Total expenses......................            7,911,624                                              
                                              --------------------                                              
           Net investment income (loss)......            1,526,066                                              
                                              --------------------                                              
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                   --                                              
      Realized gains (losses) on sale of                                                                        
         investments.........................            5,445,047                                              
                                              --------------------                                              
           Net realized gains (losses).......            5,445,047                                              
                                              --------------------                                              
      Change in unrealized gains (losses)                                                                       
         on investments......................          185,128,020                                              
                                              --------------------                                              
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................          190,573,067                                              
                                              --------------------                                              
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $        192,099,133                                              
                                              ====================                                              

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]


                                                                                           MIST CLARION GLOBAL   
                                                   VARIABLE B            VARIABLE C            REAL ESTATE       
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION   
                                              --------------------  --------------------  ---------------------  
                                                                                                                 
INVESTMENT INCOME:                                                                                               
      Dividends.............................. $            193,385  $             17,133  $          17,198,078  
                                              --------------------  --------------------  ---------------------  
EXPENSES:                                                                                                        
      Mortality and expense risk                                                                                 
         charges.............................              118,137                 1,725              2,625,150  
      Administrative charges.................                   --                    --                614,877  
                                              --------------------  --------------------  ---------------------  
         Total expenses......................              118,137                 1,725              3,240,027  
                                              --------------------  --------------------  ---------------------  
           Net investment income (loss)......               75,248                15,408             13,958,051  
                                              --------------------  --------------------  ---------------------  
NET REALIZED AND CHANGE IN                                                                                       
   UNREALIZED GAINS (LOSSES) ON                                                                                  
   INVESTMENTS:                                                                                                  
      Realized gain distributions............                   --                    --                     --  
      Realized gains (losses) on sale of                                                                         
         investments.........................              129,960                 1,801            (2,567,576)  
                                              --------------------  --------------------  ---------------------  
           Net realized gains (losses).......              129,960                 1,801            (2,567,576)  
                                              --------------------  --------------------  ---------------------  
      Change in unrealized gains (losses)                                                                        
         on investments......................            3,569,637               337,844            (5,787,201)  
                                              --------------------  --------------------  ---------------------  
      Net realized and change in                                                                                 
         unrealized gains (losses) on                                                                            
         investments.........................            3,699,597               339,645            (8,354,777)  
                                              --------------------  --------------------  ---------------------  
      Net increase (decrease) in net assets                                                                      
         resulting from operations........... $          3,774,845  $            355,053  $           5,603,274  
                                              ====================  ====================  =====================  


                                                                                                 MIST HARRIS     
                                                MIST CLEARBRIDGE        MIST CLEARBRIDGE           OAKMARK       
                                              AGGRESSIVE GROWTH II      AGGRESSIVE GROWTH       INTERNATIONAL    
                                               INVESTMENT DIVISION     INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              ---------------------  ---------------------  ---------------------
                                                                                                                 
INVESTMENT INCOME:                                                                                               
      Dividends.............................. $          2,438,619   $             327,118  $          13,332,404
                                              ---------------------  ---------------------  ---------------------
EXPENSES:                                                                                                        
      Mortality and expense risk                                                                                 
         charges.............................            4,094,689               1,327,571              5,422,357
      Administrative charges.................              981,185                 307,899              1,297,762
                                              ---------------------  ---------------------  ---------------------
         Total expenses......................            5,075,874               1,635,470              6,720,119
                                              ---------------------  ---------------------  ---------------------
           Net investment income (loss)......          (2,637,255)             (1,308,352)              6,612,285
                                              ---------------------  ---------------------  ---------------------
NET REALIZED AND CHANGE IN                                                                                       
   UNREALIZED GAINS (LOSSES) ON                                                                                  
   INVESTMENTS:                                                                                                  
      Realized gain distributions............                   --                      --                     --
      Realized gains (losses) on sale of                                                                         
         investments.........................           16,536,285               4,709,750              9,467,227
                                              ---------------------  ---------------------  ---------------------
           Net realized gains (losses).......           16,536,285               4,709,750              9,467,227
                                              ---------------------  ---------------------  ---------------------
      Change in unrealized gains (losses)                                                                        
         on investments......................           82,697,978              41,633,973            118,047,042
                                              ---------------------  ---------------------  ---------------------
      Net realized and change in                                                                                 
         unrealized gains (losses) on                                                                            
         investments.........................           99,234,263              46,343,723            127,514,269
                                              ---------------------  ---------------------  ---------------------
      Net increase (decrease) in net assets                                                                      
         resulting from operations........... $         96,597,008   $          45,035,371  $         134,126,554
                                              =====================  =====================  =====================


                                                  MIST INVESCO                                                   
                                                  BALANCED-RISK          MIST INVESCO          MIST INVESCO      
                                                   ALLOCATION            MID CAP VALUE       SMALL CAP GROWTH    
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION  
                                              --------------------  ---------------------  --------------------- 
                                                                                                                 
INVESTMENT INCOME:                                                                                               
      Dividends.............................. $                 --  $           3,903,904  $             112,223 
                                              --------------------  ---------------------  --------------------- 
EXPENSES:                                                                                                        
      Mortality and expense risk                                                                                 
         charges.............................            3,940,653              5,018,657                474,028 
      Administrative charges.................              971,227              1,151,345                110,579 
                                              --------------------  ---------------------  --------------------- 
         Total expenses......................            4,911,880              6,170,002                584,607 
                                              --------------------  ---------------------  --------------------- 
           Net investment income (loss)......          (4,911,880)            (2,266,098)              (472,384) 
                                              --------------------  ---------------------  --------------------- 
NET REALIZED AND CHANGE IN                                                                                       
   UNREALIZED GAINS (LOSSES) ON                                                                                  
   INVESTMENTS:                                                                                                  
      Realized gain distributions............            3,683,128                     --              2,704,192 
      Realized gains (losses) on sale of                                                                         
         investments.........................               50,265             12,000,719              2,044,057 
                                              --------------------  ---------------------  --------------------- 
           Net realized gains (losses).......            3,733,393             12,000,719              4,748,249 
                                              --------------------  ---------------------  --------------------- 
      Change in unrealized gains (losses)                                                                        
         on investments......................            2,085,923            113,631,182             10,593,236 
                                              --------------------  ---------------------  --------------------- 
      Net realized and change in                                                                                 
         unrealized gains (losses) on                                                                            
         investments.........................            5,819,316            125,631,901             15,341,485 
                                              --------------------  ---------------------  --------------------- 
      Net increase (decrease) in net assets                                                                      
         resulting from operations........... $            907,436  $         123,365,803  $          14,869,101 
                                              ====================  =====================  ===================== 



                                                  MIST JPMORGAN                                                  
                                                    CORE BOND                                                    
                                               INVESTMENT DIVISION                                               
                                              --------------------                                               
                                                                                                                 
INVESTMENT INCOME:                                                                                               
      Dividends.............................. $            238,598                                               
                                              --------------------                                               
EXPENSES:                                                                                                        
      Mortality and expense risk                                                                                 
         charges.............................              917,538                                               
      Administrative charges.................              220,994                                               
                                              --------------------                                               
         Total expenses......................            1,138,532                                               
                                              --------------------                                               
           Net investment income (loss)......            (899,934)                                               
                                              --------------------                                               
NET REALIZED AND CHANGE IN                                                                                       
   UNREALIZED GAINS (LOSSES) ON                                                                                  
   INVESTMENTS:                                                                                                  
      Realized gain distributions............              374,940                                               
      Realized gains (losses) on sale of                                                                         
         investments.........................            4,796,517                                               
                                              --------------------                                               
           Net realized gains (losses).......            5,171,457                                               
                                              --------------------                                               
      Change in unrealized gains (losses)                                                                        
         on investments......................          (8,122,594)                                               
                                              --------------------                                               
      Net realized and change in                                                                                 
         unrealized gains (losses) on                                                                            
         investments.........................          (2,951,137)                                               
                                              --------------------                                               
      Net increase (decrease) in net assets                                                                      
         resulting from operations........... $        (3,851,071)                                               
                                              ====================                                               

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]

                                                  MIST JPMORGAN                                                 
                                                  GLOBAL ACTIVE         MIST JPMORGAN       MIST LOOMIS SAYLES  
                                                   ALLOCATION          SMALL CAP VALUE        GLOBAL MARKETS    
                                               INVESTMENT DIVISION   INVESTMENT DIVISION    INVESTMENT DIVISION 
                                              --------------------  ---------------------  -------------------- 
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $            267,301  $              87,505  $            699,496 
                                              --------------------  ---------------------  -------------------- 
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................            3,710,326                184,520               997,927 
      Administrative charges.................              923,200                 45,237               238,538 
                                              --------------------  ---------------------  -------------------- 
         Total expenses......................            4,633,526                229,757             1,236,465 
                                              --------------------  ---------------------  -------------------- 
           Net investment income (loss)......          (4,366,225)              (142,252)             (536,969) 
                                              --------------------  ---------------------  -------------------- 
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............            1,577,076                     --                    -- 
      Realized gains (losses) on sale of                                                                        
         investments.........................                   --                807,531             1,518,661 
                                              --------------------  ---------------------  -------------------- 
           Net realized gains (losses).......            1,577,076                807,531             1,518,661 
                                              --------------------  ---------------------  -------------------- 
      Change in unrealized gains (losses)                                                                       
         on investments......................           37,522,721              4,225,186            13,213,815 
                                              --------------------  ---------------------  -------------------- 
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................           39,099,797              5,032,717            14,732,476 
                                              --------------------  ---------------------  -------------------- 
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $         34,733,572  $           4,890,465  $         14,195,507 
                                              ====================  =====================  ==================== 


                                                                                             MIST MET/FRANKLIN  
                                                 MIST LORD ABBETT       MIST MET/EATON         LOW DURATION     
                                                  BOND DEBENTURE      VANCE FLOATING RATE      TOTAL RETURN     
                                                INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              ---------------------  --------------------  -------------------- 
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $          22,103,778  $            350,990  $            337,366 
                                              ---------------------  --------------------  -------------------- 
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................             3,425,974               114,255               364,548 
      Administrative charges.................               799,216                28,152                87,497 
                                              ---------------------  --------------------  -------------------- 
         Total expenses......................             4,225,190               142,407               452,045 
                                              ---------------------  --------------------  -------------------- 
           Net investment income (loss)......            17,878,588               208,583             (114,679) 
                                              ---------------------  --------------------  -------------------- 
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                    --                41,784                    -- 
      Realized gains (losses) on sale of                                                                        
         investments.........................             2,543,018                 8,416                 6,042 
                                              ---------------------  --------------------  -------------------- 
           Net realized gains (losses).......             2,543,018                50,200                 6,042 
                                              ---------------------  --------------------  -------------------- 
      Change in unrealized gains (losses)                                                                       
         on investments......................               813,310                 5,269               208,461 
                                              ---------------------  --------------------  -------------------- 
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................             3,356,328                55,469               214,503 
                                              ---------------------  --------------------  -------------------- 
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $          21,234,916  $            264,052  $             99,824 
                                              =====================  ====================  ==================== 



                                               MIST MET/TEMPLETON        MIST METLIFE           MIST METLIFE    
                                               INTERNATIONAL BOND     AGGRESSIVE STRATEGY       BALANCED PLUS   
                                               INVESTMENT DIVISION    INVESTMENT DIVISION    INVESTMENT DIVISION
                                              ---------------------  ---------------------  --------------------
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $            174,607   $           1,076,643  $         24,001,219
                                              ---------------------  ---------------------  --------------------
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................               89,300               1,793,611            21,406,940
      Administrative charges.................               22,167                 508,624             5,353,597
                                              ---------------------  ---------------------  --------------------
         Total expenses......................              111,467               2,302,235            26,760,537
                                              ---------------------  ---------------------  --------------------
           Net investment income (loss)......               63,140             (1,225,592)           (2,759,318)
                                              ---------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............               39,379                      --            38,771,200
      Realized gains (losses) on sale of                                                                        
         investments.........................              (8,625)               3,331,546                    --
                                              ---------------------  ---------------------  --------------------
           Net realized gains (losses).......               30,754               3,331,546            38,771,200
                                              ---------------------  ---------------------  --------------------
      Change in unrealized gains (losses)                                                                       
         on investments......................            (108,988)              42,845,791           222,027,751
                                              ---------------------  ---------------------  --------------------
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................             (78,234)              46,177,337           260,798,951
                                              ---------------------  ---------------------  --------------------
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $           (15,094)   $          44,951,745  $        258,039,633
                                              =====================  =====================  ====================



                                                   MIST METLIFE                                                 
                                                  GROWTH STRATEGY                                               
                                              INVESTMENT DIVISION (a)                                           
                                              -----------------------                                           
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends..............................  $                 --                                             
                                              -----------------------                                           
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................               544,671                                             
      Administrative charges.................               130,238                                             
                                              -----------------------                                           
         Total expenses......................               674,909                                             
                                              -----------------------                                           
           Net investment income (loss)......             (674,909)                                             
                                              -----------------------                                           
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                    --                                             
      Realized gains (losses) on sale of                                                                        
         investments.........................               264,063                                             
                                              -----------------------                                           
           Net realized gains (losses).......               264,063                                             
                                              -----------------------                                           
      Change in unrealized gains (losses)                                                                       
         on investments......................            11,188,828                                             
                                              -----------------------                                           
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................            11,452,891                                             
                                              -----------------------                                           
      Net increase (decrease) in net assets                                                                     
         resulting from operations...........  $         10,777,982                                             
                                              =======================                                           

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]

                                                 MIST METLIFE                                                 
                                                  MULTI-INDEX        MIST MFS EMERGING      MIST MFS RESEARCH 
                                                 TARGETED RISK        MARKETS EQUITY          INTERNATIONAL   
                                              INVESTMENT DIVISION   INVESTMENT DIVISION    INVESTMENT DIVISION
                                             --------------------  ---------------------  --------------------
                                                                                                              
INVESTMENT INCOME:                                                                                            
      Dividends............................. $            589,555  $            538,781   $          6,305,225
                                             --------------------  ---------------------  --------------------
EXPENSES:                                                                                                     
      Mortality and expense risk                                                                              
        charges.............................            1,056,454               514,211              2,373,747
      Administrative charges................              263,275               127,672                586,198
                                             --------------------  ---------------------  --------------------
        Total expenses......................            1,319,729               641,883              2,959,945
                                             --------------------  ---------------------  --------------------
           Net investment income (loss).....            (730,174)             (103,102)              3,345,280
                                             --------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                    
   UNREALIZED GAINS (LOSSES) ON                                                                               
   INVESTMENTS:                                                                                               
      Realized gain distributions...........            4,514,858                    --                     --
      Realized gains (losses) on sale of                                                                      
        investments.........................                   --               245,013              (622,928)
                                             --------------------  ---------------------  --------------------
           Net realized gains (losses)......            4,514,858               245,013              (622,928)
                                             --------------------  ---------------------  --------------------
      Change in unrealized gains (losses)                                                                     
        on investments......................            8,391,748           (3,134,017)             36,996,683
                                             --------------------  ---------------------  --------------------
      Net realized and change in                                                                              
        unrealized gains (losses) on                                                                          
        investments.........................           12,906,606           (2,889,004)             36,373,755
                                             --------------------  ---------------------  --------------------
      Net increase (decrease) in net assets                                                                   
        resulting from operations........... $         12,176,432  $        (2,992,106)   $         39,719,035
                                             ====================  =====================  ====================


                                                                                               MIST PIMCO     
                                              MIST MORGAN STANLEY     MIST OPPENHEIMER     INFLATION PROTECTED
                                                MID CAP GROWTH          GLOBAL EQUITY             BOND        
                                              INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION
                                             ---------------------  --------------------  --------------------
                                                                                                              
INVESTMENT INCOME:                                                                                            
      Dividends............................. $          2,745,736   $          4,516,126  $         14,094,489
                                             ---------------------  --------------------  --------------------
EXPENSES:                                                                                                     
      Mortality and expense risk                                                                              
        charges.............................            3,634,972              2,365,829             6,579,350
      Administrative charges................              766,935                580,603             1,570,741
                                             ---------------------  --------------------  --------------------
        Total expenses......................            4,401,907              2,946,432             8,150,091
                                             ---------------------  --------------------  --------------------
           Net investment income (loss).....          (1,656,171)              1,569,694             5,944,398
                                             ---------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                    
   UNREALIZED GAINS (LOSSES) ON                                                                               
   INVESTMENTS:                                                                                               
      Realized gain distributions...........                   --                     --            37,459,149
      Realized gains (losses) on sale of                                                                      
        investments.........................           13,208,252              8,709,957           (8,639,098)
                                             ---------------------  --------------------  --------------------
           Net realized gains (losses)......           13,208,252              8,709,957            28,820,051
                                             ---------------------  --------------------  --------------------
      Change in unrealized gains (losses)                                                                     
        on investments......................          103,554,435             47,935,617         (105,930,636)
                                             ---------------------  --------------------  --------------------
      Net realized and change in                                                                              
        unrealized gains (losses) on                                                                          
        investments.........................          116,762,687             56,645,574          (77,110,585)
                                             ---------------------  --------------------  --------------------
      Net increase (decrease) in net assets                                                                   
        resulting from operations........... $        115,106,516   $         58,215,268  $       (71,166,187)
                                             =====================  ====================  ====================



                                                  MIST PIMCO           MIST PIONEER         MIST PYRAMIS      
                                                 TOTAL RETURN        STRATEGIC INCOME     GOVERNMENT INCOME   
                                              INVESTMENT DIVISION   INVESTMENT DIVISION  INVESTMENT DIVISION  
                                             --------------------  --------------------  -------------------  
                                                                                                              
INVESTMENT INCOME:                                                                                            
      Dividends............................. $         51,567,840  $          3,569,918  $         9,062,061  
                                             --------------------  --------------------  -------------------  
EXPENSES:                                                                                                     
      Mortality and expense risk                                                                              
        charges.............................           12,412,014               743,711            6,085,818  
      Administrative charges................            2,969,350               177,651            1,499,037  
                                             --------------------  --------------------  -------------------  
        Total expenses......................           15,381,364               921,362            7,584,855  
                                             --------------------  --------------------  -------------------  
           Net investment income (loss).....           36,186,476             2,648,556            1,477,206  
                                             --------------------  --------------------  -------------------  
NET REALIZED AND CHANGE IN                                                                                    
   UNREALIZED GAINS (LOSSES) ON                                                                               
   INVESTMENTS:                                                                                               
      Realized gain distributions...........           23,792,168               209,249            5,634,743  
      Realized gains (losses) on sale of                                                                      
        investments.........................              100,894               171,069          (3,345,973)  
                                             --------------------  --------------------  -------------------  
           Net realized gains (losses)......           23,893,062               380,318            2,288,770  
                                             --------------------  --------------------  -------------------  
      Change in unrealized gains (losses)                                                                     
        on investments......................         (99,136,970)           (3,017,233)         (39,830,367)  
                                             --------------------  --------------------  -------------------  
      Net realized and change in                                                                              
        unrealized gains (losses) on                                                                          
        investments.........................         (75,243,908)           (2,636,915)         (37,541,597)  
                                             --------------------  --------------------  -------------------  
      Net increase (decrease) in net assets                                                                   
        resulting from operations........... $       (39,057,432)  $             11,641  $      (36,064,391)  
                                             ====================  ====================  ===================  



                                                  MIST PYRAMIS                                                
                                                  MANAGED RISK                                                
                                             INVESTMENT DIVISION (a)                                          
                                             -----------------------                                          
                                                                                                              
INVESTMENT INCOME:                                                                                            
      Dividends.............................  $            436,163                                            
                                             -----------------------                                          
EXPENSES:                                                                                                     
      Mortality and expense risk                                                                              
        charges.............................               177,828                                            
      Administrative charges................                44,432                                            
                                             -----------------------                                          
        Total expenses......................               222,260                                            
                                             -----------------------                                          
           Net investment income (loss).....               213,903                                            
                                             -----------------------                                          
NET REALIZED AND CHANGE IN                                                                                    
   UNREALIZED GAINS (LOSSES) ON                                                                               
   INVESTMENTS:                                                                                               
      Realized gain distributions...........               977,426                                            
      Realized gains (losses) on sale of                                                                      
        investments.........................                 5,743                                            
                                             -----------------------                                          
           Net realized gains (losses)......               983,169                                            
                                             -----------------------                                          
      Change in unrealized gains (losses)                                                                     
        on investments......................             1,447,758                                            
                                             -----------------------                                          
      Net realized and change in                                                                              
        unrealized gains (losses) on                                                                          
        investments.........................             2,430,927                                            
                                             -----------------------                                          
      Net increase (decrease) in net assets                                                                   
        resulting from operations...........  $          2,644,830                                            
                                             =======================                                          

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]

                                                 MIST SCHRODERS       MIST SSGA GROWTH          MIST SSGA       
                                               GLOBAL MULTI-ASSET      AND INCOME ETF          GROWTH ETF       
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION  
                                              --------------------  --------------------  --------------------  
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $             18,497  $         23,754,170  $          2,687,071  
                                              --------------------  --------------------  --------------------  
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................            2,539,132             9,566,484             1,352,341  
      Administrative charges.................              631,127             2,372,902               327,751  
                                              --------------------  --------------------  --------------------  
         Total expenses......................            3,170,259            11,939,386             1,680,092  
                                              --------------------  --------------------  --------------------  
           Net investment income (loss)......          (3,151,762)            11,814,784             1,006,979  
                                              --------------------  --------------------  --------------------  
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............              795,373            22,302,490             4,638,603  
      Realized gains (losses) on sale of                                                                        
         investments.........................               20,340             9,374,192             2,092,763  
                                              --------------------  --------------------  --------------------  
           Net realized gains (losses).......              815,713            31,676,682             6,731,366  
                                              --------------------  --------------------  --------------------  
      Change in unrealized gains (losses)                                                                       
         on investments......................           24,079,526            60,189,529            12,635,058  
                                              --------------------  --------------------  --------------------  
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................           24,895,239            91,866,211            19,366,424  
                                              --------------------  --------------------  --------------------  
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $         21,743,477  $        103,680,995  $         20,373,403  
                                              ====================  ====================  ====================  


                                                MIST T. ROWE PRICE     MIST THIRD AVENUE     MSF BAILLIE GIFFORD
                                                  MID CAP GROWTH        SMALL CAP VALUE      INTERNATIONAL STOCK
                                                INVESTMENT DIVISION   INVESTMENT DIVISION    INVESTMENT DIVISION
                                              ---------------------  ---------------------  --------------------
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $             838,548  $             138,131  $          2,442,598
                                              ---------------------  ---------------------  --------------------
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................             3,524,990                134,084             1,619,726
      Administrative charges.................               836,889                 36,673               356,577
                                              ---------------------  ---------------------  --------------------
         Total expenses......................             4,361,879                170,757             1,976,303
                                              ---------------------  ---------------------  --------------------
           Net investment income (loss)......           (3,523,331)               (32,626)               466,295
                                              ---------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............            17,768,363                     --                    --
      Realized gains (losses) on sale of                                                                        
         investments.........................             6,721,570                254,181           (2,942,364)
                                              ---------------------  ---------------------  --------------------
           Net realized gains (losses).......            24,489,933                254,181           (2,942,364)
                                              ---------------------  ---------------------  --------------------
      Change in unrealized gains (losses)                                                                       
         on investments......................            81,926,394              3,721,160            23,276,505
                                              ---------------------  ---------------------  --------------------
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................           106,416,327              3,975,341            20,334,141
                                              ---------------------  ---------------------  --------------------
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $         102,892,996  $           3,942,715  $         20,800,436
                                              =====================  =====================  ====================


                                                  MSF BARCLAYS           MSF BLACKROCK         MSF BLACKROCK    
                                              AGGREGATE BOND INDEX        BOND INCOME      CAPITAL APPRECIATION 
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              ---------------------  --------------------  -------------------- 
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $         38,951,626   $         19,239,814  $          1,119,065 
                                              ---------------------  --------------------  -------------------- 
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................           11,988,005              5,115,344             1,775,245 
      Administrative charges.................            2,799,256              1,182,605               450,682 
                                              ---------------------  --------------------  -------------------- 
         Total expenses......................           14,787,261              6,297,949             2,225,927 
                                              ---------------------  --------------------  -------------------- 
           Net investment income (loss)......           24,164,365             12,941,865           (1,106,862) 
                                              ---------------------  --------------------  -------------------- 
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                   --             12,186,645                    -- 
      Realized gains (losses) on sale of                                                                        
         investments.........................              963,354                807,361             8,210,066 
                                              ---------------------  --------------------  -------------------- 
           Net realized gains (losses).......              963,354             12,994,006             8,210,066 
                                              ---------------------  --------------------  -------------------- 
      Change in unrealized gains (losses)                                                                       
         on investments......................         (69,025,881)           (36,914,536)            41,967,751 
                                              ---------------------  --------------------  -------------------- 
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................         (68,062,527)           (23,920,530)            50,177,817 
                                              ---------------------  --------------------  -------------------- 
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $       (43,898,162)   $       (10,978,665)  $         49,070,955 
                                              =====================  ====================  ==================== 


                                                  MSF BLACKROCK                                                 
                                                   DIVERSIFIED                                                  
                                               INVESTMENT DIVISION                                              
                                              ---------------------                                             
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $          16,114,942                                             
                                              ---------------------                                             
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................             6,872,407                                             
      Administrative charges.................             1,344,204                                             
                                              ---------------------                                             
         Total expenses......................             8,216,611                                             
                                              ---------------------                                             
           Net investment income (loss)......             7,898,331                                             
                                              ---------------------                                             
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                    --                                             
      Realized gains (losses) on sale of                                                                        
         investments.........................            10,296,472                                             
                                              ---------------------                                             
           Net realized gains (losses).......            10,296,472                                             
                                              ---------------------                                             
      Change in unrealized gains (losses)                                                                       
         on investments......................            96,075,877                                             
                                              ---------------------                                             
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................           106,372,349                                             
                                              ---------------------                                             
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $         114,270,680                                             
                                              =====================                                             

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]


                                                  MSF BLACKROCK          MSF BLACKROCK       MSF DAVIS VENTURE 
                                                 LARGE CAP VALUE         MONEY MARKET              VALUE       
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION
                                              --------------------  ---------------------  --------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          2,951,920  $                  --  $          7,503,038
                                              --------------------  ---------------------  --------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            2,574,538                909,421             6,255,535
      Administrative charges.................              609,224                222,586             1,516,492
                                              --------------------  ---------------------  --------------------
         Total expenses......................            3,183,762              1,132,007             7,772,027
                                              --------------------  ---------------------  --------------------
           Net investment income (loss)......            (231,842)            (1,132,007)             (268,989)
                                              --------------------  ---------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............           13,395,039                     --            10,294,546
      Realized gains (losses) on sale of                                                                       
         investments.........................              149,510                     --            20,201,979
                                              --------------------  ---------------------  --------------------
           Net realized gains (losses).......           13,544,549                     --            30,496,525
                                              --------------------  ---------------------  --------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................           51,361,679                     --           138,481,113
                                              --------------------  ---------------------  --------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................           64,906,228                     --           168,977,638
                                              --------------------  ---------------------  --------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         64,674,386  $         (1,132,007)  $        168,708,649
                                              ====================  =====================  ====================



                                                  MSF FRONTIER          MSF JENNISON        MSF LOOMIS SAYLES  
                                                 MID CAP GROWTH            GROWTH            SMALL CAP CORE    
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              --------------------  --------------------  -------------------- 
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          5,951,927  $            414,231  $            534,985 
                                              --------------------  --------------------  -------------------- 
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            4,878,910             1,676,421             1,823,092 
      Administrative charges.................              999,502               396,883               451,549 
                                              --------------------  --------------------  -------------------- 
         Total expenses......................            5,878,412             2,073,304             2,274,641 
                                              --------------------  --------------------  -------------------- 
           Net investment income (loss)......               73,515           (1,659,073)           (1,739,656) 
                                              --------------------  --------------------  -------------------- 
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............           11,588,285             1,736,322            13,556,123 
      Realized gains (losses) on sale of                                                                       
         investments.........................           18,612,018             5,022,587             5,829,062 
                                              --------------------  --------------------  -------------------- 
           Net realized gains (losses).......           30,200,303             6,758,909            19,385,185 
                                              --------------------  --------------------  -------------------- 
      Change in unrealized gains (losses)                                                                      
         on investments......................           98,942,221            44,330,874            41,221,342 
                                              --------------------  --------------------  -------------------- 
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................          129,142,524            51,089,783            60,606,527 
                                              --------------------  --------------------  -------------------- 
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $        129,216,039  $         49,430,710  $         58,866,871 
                                              ====================  ====================  ==================== 


                                                                                           MSF MET/DIMENSIONAL 
                                                MSF LOOMIS SAYLES      MSF MET/ARTISAN     INTERNATIONAL SMALL 
                                                SMALL CAP GROWTH        MID CAP VALUE            COMPANY       
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              --------------------  --------------------  ---------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $                 --  $          2,104,255  $             89,491 
                                              --------------------  --------------------  ---------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................              538,092             2,485,197                52,552 
      Administrative charges.................              122,600               580,906                12,848 
                                              --------------------  --------------------  ---------------------
         Total expenses......................              660,692             3,066,103                65,400 
                                              --------------------  --------------------  ---------------------
           Net investment income (loss)......            (660,692)             (961,848)                24,091 
                                              --------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............                   --                    --               139,913 
      Realized gains (losses) on sale of                                                                       
         investments.........................            3,576,809             3,162,897                80,697 
                                              --------------------  --------------------  ---------------------
           Net realized gains (losses).......            3,576,809             3,162,897               220,610 
                                              --------------------  --------------------  ---------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................           16,516,067            69,537,584               966,876 
                                              --------------------  --------------------  ---------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................           20,092,876            72,700,481             1,187,486 
                                              --------------------  --------------------  ---------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         19,432,184  $         71,738,633  $          1,211,577 
                                              ====================  ====================  =====================


                                                   MSF METLIFE                                                 
                                                  CONSERVATIVE                                                 
                                                   ALLOCATION                                                  
                                               INVESTMENT DIVISION                                             
                                              --------------------                                             
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $         16,802,914                                             
                                              --------------------                                             
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            6,070,886                                             
      Administrative charges.................            1,434,761                                             
                                              --------------------                                             
         Total expenses......................            7,505,647                                             
                                              --------------------                                             
           Net investment income (loss)......            9,297,267                                             
                                              --------------------                                             
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............            2,736,015                                             
      Realized gains (losses) on sale of                                                                       
         investments.........................            6,925,684                                             
                                              --------------------                                             
           Net realized gains (losses).......            9,661,699                                             
                                              --------------------                                             
      Change in unrealized gains (losses)                                                                      
         on investments......................          (2,447,654)                                             
                                              --------------------                                             
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................            7,214,045                                             
                                              --------------------                                             
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         16,511,312                                             
                                              ====================                                             

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONTINUED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]

                                                   MSF METLIFE                                                 
                                                 CONSERVATIVE TO          MSF METLIFE           MSF METLIFE    
                                               MODERATE ALLOCATION    MID CAP STOCK INDEX   MODERATE ALLOCATION
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION
                                              ---------------------  --------------------  --------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          36,726,053  $          4,832,389  $         81,346,232
                                              ---------------------  --------------------  --------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            15,054,772             4,909,727            42,924,808
      Administrative charges.................             3,598,889             1,137,744            10,382,918
                                              ---------------------  --------------------  --------------------
         Total expenses......................            18,653,661             6,047,471            53,307,726
                                              ---------------------  --------------------  --------------------
           Net investment income (loss)......            18,072,392           (1,215,082)            28,038,506
                                              ---------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............            15,085,072            13,574,151            33,028,437
      Realized gains (losses) on sale of                                                                       
         investments.........................            16,102,119            13,159,989            38,689,595
                                              ---------------------  --------------------  --------------------
           Net realized gains (losses).......            31,187,191            26,734,140            71,718,032
                                              ---------------------  --------------------  --------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................            82,583,600           104,216,853           538,506,450
                                              ---------------------  --------------------  --------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................           113,770,791           130,950,993           610,224,482
                                              ---------------------  --------------------  --------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         131,843,183  $        129,735,911  $        638,262,988
                                              =====================  ====================  ====================


                                                   MSF METLIFE                                                 
                                                   MODERATE TO            MSF METLIFE          MSF MFS TOTAL   
                                              AGGRESSIVE ALLOCATION       STOCK INDEX             RETURN       
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION
                                              ---------------------  --------------------  --------------------
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $         26,219,585   $         50,654,863  $          3,630,608
                                              ---------------------  --------------------  --------------------
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................           18,513,746             29,289,245             1,412,127
      Administrative charges.................            4,418,839              6,350,248               372,320
                                              ---------------------  --------------------  --------------------
         Total expenses......................           22,932,585             35,639,493             1,784,447
                                              ---------------------  --------------------  --------------------
           Net investment income (loss)......            3,287,000             15,015,370             1,846,161
                                              ---------------------  --------------------  --------------------
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............                   --             43,402,787                    --
      Realized gains (losses) on sale of                                                                       
         investments.........................           20,551,964             78,873,218             1,806,017
                                              ---------------------  --------------------  --------------------
           Net realized gains (losses).......           20,551,964            122,276,005             1,806,017
                                              ---------------------  --------------------  --------------------
      Change in unrealized gains (losses)                                                                      
         on investments......................          343,583,585            615,191,392            19,903,247
                                              ---------------------  --------------------  --------------------
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................          364,135,549            737,467,397            21,709,264
                                              ---------------------  --------------------  --------------------
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $        367,422,549   $        752,482,767  $         23,555,425
                                              =====================  ====================  ====================



                                                                          MSF MSCI            MSF NEUBERGER    
                                                  MSF MFS VALUE          EAFE INDEX          BERMAN GENESIS    
                                               INVESTMENT DIVISION   INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              --------------------  --------------------  -------------------- 
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          5,821,967  $         14,673,394  $          1,988,796 
                                              --------------------  --------------------  -------------------- 
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            4,388,599             5,128,895             3,289,910 
      Administrative charges.................            1,009,190             1,195,145               734,417 
                                              --------------------  --------------------  -------------------- 
         Total expenses......................            5,397,789             6,324,040             4,024,327 
                                              --------------------  --------------------  -------------------- 
           Net investment income (loss)......              424,178             8,349,354           (2,035,531) 
                                              --------------------  --------------------  -------------------- 
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............           10,654,537                    --                    -- 
      Realized gains (losses) on sale of                                                                       
         investments.........................           33,176,384             5,250,191             1,789,466 
                                              --------------------  --------------------  -------------------- 
           Net realized gains (losses).......           43,830,921             5,250,191             1,789,466 
                                              --------------------  --------------------  -------------------- 
      Change in unrealized gains (losses)                                                                      
         on investments......................           75,196,503            79,027,830           101,338,965 
                                              --------------------  --------------------  -------------------- 
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................          119,027,424            84,278,021           103,128,431 
                                              --------------------  --------------------  -------------------- 
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $        119,451,602  $         92,627,375  $        101,092,900 
                                              ====================  ====================  ==================== 



                                                MSF RUSSELL 2000                                               
                                                      INDEX                                                    
                                               INVESTMENT DIVISION                                             
                                              --------------------                                             
                                                                                                               
INVESTMENT INCOME:                                                                                             
      Dividends.............................. $          4,458,894                                             
                                              --------------------                                             
EXPENSES:                                                                                                      
      Mortality and expense risk                                                                               
         charges.............................            3,152,261                                             
      Administrative charges.................              719,506                                             
                                              --------------------                                             
         Total expenses......................            3,871,767                                             
                                              --------------------                                             
           Net investment income (loss)......              587,127                                             
                                              --------------------                                             
NET REALIZED AND CHANGE IN                                                                                     
   UNREALIZED GAINS (LOSSES) ON                                                                                
   INVESTMENTS:                                                                                                
      Realized gain distributions............                   --                                             
      Realized gains (losses) on sale of                                                                       
         investments.........................           13,580,422                                             
                                              --------------------                                             
           Net realized gains (losses).......           13,580,422                                             
                                              --------------------                                             
      Change in unrealized gains (losses)                                                                      
         on investments......................           82,496,980                                             
                                              --------------------                                             
      Net realized and change in                                                                               
         unrealized gains (losses) on                                                                          
         investments.........................           96,077,402                                             
                                              --------------------                                             
      Net increase (decrease) in net assets                                                                    
         resulting from operations........... $         96,664,529                                             
                                              ====================                                             

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF OPERATIONS -- (CONCLUDED)   
FOR THE YEAR ENDED DECEMBER 31, 2013    

                                                        [Enlarge/Download Table]


                                                MSF T. ROWE PRICE      MSF T. ROWE PRICE    MSF VAN ECK GLOBAL  
                                                LARGE CAP GROWTH       SMALL CAP GROWTH      NATURAL RESOURCES  
                                               INVESTMENT DIVISION    INVESTMENT DIVISION   INVESTMENT DIVISION 
                                              ---------------------  --------------------  ---------------------
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $             402,268  $            819,986  $            264,938 
                                              ---------------------  --------------------  ---------------------
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................             3,328,984             3,409,884               415,487 
      Administrative charges.................               736,469               758,930               103,209 
                                              ---------------------  --------------------  ---------------------
         Total expenses......................             4,065,453             4,168,814               518,696 
                                              ---------------------  --------------------  ---------------------
           Net investment income (loss)......           (3,663,185)           (3,348,828)             (253,758) 
                                              ---------------------  --------------------  ---------------------
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                    --            17,900,106                    -- 
      Realized gains (losses) on sale of                                                                        
         investments.........................            11,865,119            11,901,946             (557,122) 
                                              ---------------------  --------------------  ---------------------
           Net realized gains (losses).......            11,865,119            29,802,052             (557,122) 
                                              ---------------------  --------------------  ---------------------
      Change in unrealized gains (losses)                                                                       
         on investments......................            98,916,181            93,061,343             4,663,443 
                                              ---------------------  --------------------  ---------------------
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................           110,781,300           122,863,395             4,106,321 
                                              ---------------------  --------------------  ---------------------
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $         107,118,115  $        119,514,567  $          3,852,563 
                                              =====================  ====================  =====================


                                                MSF WESTERN ASSET     MSF WESTERN ASSET                         
                                              MANAGEMENT STRATEGIC       MANAGEMENT                             
                                               BOND OPPORTUNITIES      U.S. GOVERNMENT                          
                                               INVESTMENT DIVISION   INVESTMENT DIVISION                        
                                              --------------------  --------------------                        
                                                                                                                
INVESTMENT INCOME:                                                                                              
      Dividends.............................. $         11,989,032  $          4,387,661                        
                                              --------------------  --------------------                        
EXPENSES:                                                                                                       
      Mortality and expense risk                                                                                
         charges.............................            2,526,922             2,283,423                        
      Administrative charges.................              591,620               540,001                        
                                              --------------------  --------------------                        
         Total expenses......................            3,118,542             2,823,424                        
                                              --------------------  --------------------                        
           Net investment income (loss)......            8,870,490             1,564,237                        
                                              --------------------  --------------------                        
NET REALIZED AND CHANGE IN                                                                                      
   UNREALIZED GAINS (LOSSES) ON                                                                                 
   INVESTMENTS:                                                                                                 
      Realized gain distributions............                   --                    --                        
      Realized gains (losses) on sale of                                                                        
         investments.........................            3,349,948                19,271                        
                                              --------------------  --------------------                        
           Net realized gains (losses).......            3,349,948                19,271                        
                                              --------------------  --------------------                        
      Change in unrealized gains (losses)                                                                       
         on investments......................         (13,236,125)           (6,374,574)                        
                                              --------------------  --------------------                        
      Net realized and change in                                                                                
         unrealized gains (losses) on                                                                           
         investments.........................          (9,886,177)           (6,355,303)                        
                                              --------------------  --------------------                        
      Net increase (decrease) in net assets                                                                     
         resulting from operations........... $        (1,015,687)  $        (4,791,066)                        
                                              ====================  ====================                        

(a) For the period April 29, 2013 to December 31, 2013.                         

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS   
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                                                                AMERICAN FUNDS GLOBAL        
                                            AMERICAN FUNDS BOND                 SMALL CAPITALIZATION         
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ------------------------------------
                                          2013               2012               2013              2012       
                                    -----------------  ----------------  -----------------  -----------------
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $         296,217  $      1,226,740  $     (3,218,818)  $       (661,800)
   Net realized gains (losses).....         1,099,555           266,155          6,256,474        (6,163,348)
   Change in unrealized gains                                                                                
     (losses) on investments.......       (5,900,521)         3,480,606        126,072,179         84,682,889
                                    -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       (4,504,749)         4,973,501        129,109,835         77,857,741
                                    -----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........         3,910,777         4,128,914         22,616,778         22,634,426
   Net transfers (including                                                                                  
     fixed account)................       (2,851,872)           572,372       (27,825,576)       (33,916,026)
   Contract charges................         (418,800)         (457,829)        (2,162,262)        (2,140,070)
   Transfers for contract benefits                                                                           
     and terminations..............      (11,628,341)      (13,061,612)       (45,498,713)       (41,100,071)
                                    -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (10,988,236)       (8,818,155)       (52,869,773)       (54,521,741)
                                    -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets..............      (15,492,985)       (3,844,654)         76,240,062         23,336,000
NET ASSETS:                                                                                                  
   Beginning of year...............       128,509,424       132,354,078        512,261,353        488,925,353
                                    -----------------  ----------------  -----------------  -----------------
   End of year..................... $     113,016,439  $    128,509,424  $     588,501,415  $     512,261,353
                                    =================  ================  =================  =================



                                           AMERICAN FUNDS GROWTH            AMERICAN FUNDS GROWTH-INCOME     
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013               2012              2013               2012       
                                    ----------------  -----------------  -----------------  ---------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $    (5,348,611)  $     (6,647,266)  $       (808,122)  $      1,005,734 
   Net realized gains (losses).....       34,797,602         14,472,720         22,015,003         5,144,694 
   Change in unrealized gains                                                                                
     (losses) on investments.......      231,523,086        139,843,502        197,272,916        99,450,526 
                                    ----------------  -----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............      260,972,077        147,668,956        218,479,797       105,600,954 
                                    ----------------  -----------------  -----------------  ---------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........       35,568,785         36,424,834         31,454,228        30,083,901 
   Net transfers (including                                                                                  
     fixed account)................     (46,849,235)       (54,560,994)       (35,586,994)      (27,967,310) 
   Contract charges................      (2,786,266)        (2,793,517)        (2,753,643)       (2,697,155) 
   Transfers for contract benefits                                                                           
     and terminations..............    (103,354,971)       (91,544,498)       (73,441,016)      (66,433,364) 
                                    ----------------  -----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............    (117,421,687)      (112,474,175)       (80,327,425)      (67,013,928) 
                                    ----------------  -----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                 
        in net assets..............      143,550,390         35,194,781        138,152,372        38,587,026 
NET ASSETS:                                                                                                  
   Beginning of year...............      978,263,065        943,068,284        728,354,448       689,767,422 
                                    ----------------  -----------------  -----------------  ---------------- 
   End of year..................... $  1,121,813,455  $     978,263,065  $     866,506,820  $    728,354,448 
                                    ================  =================  =================  ================ 



                                          CALVERT VP SRI BALANCED            CALVERT VP SRI MID CAP GROWTH   
                                            INVESTMENT DIVISION                   INVESTMENT DIVISION        
                                    ------------------------------------  -----------------------------------
                                           2013              2012               2013               2012      
                                    -----------------  -----------------  ----------------  -----------------
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $        (57,676)  $          27,291  $      (127,860)  $       (112,828)
   Net realized gains (losses).....         5,376,200            104,232         2,136,916          1,845,407
   Change in unrealized gains                                                                                
     (losses) on investments.......         3,010,244          4,434,485         1,369,092           (35,037)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............         8,328,768          4,566,008         3,378,148          1,697,542
                                    -----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........         2,353,086          2,678,906           624,313            686,328
   Net transfers (including                                                                                  
     fixed account)................         (807,206)          (512,039)         (725,318)           (33,010)
   Contract charges................          (17,641)           (17,135)           (1,549)            (1,604)
   Transfers for contract benefits                                                                           
     and terminations..............       (4,860,440)        (4,972,222)       (1,414,796)        (1,306,442)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............       (3,332,201)        (2,822,490)       (1,517,350)          (654,728)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets..............         4,996,567          1,743,518         1,860,798          1,042,814
NET ASSETS:                                                                                                  
   Beginning of year...............        51,646,891         49,903,373        12,341,511         11,298,697
                                    -----------------  -----------------  ----------------  -----------------
   End of year..................... $      56,643,458  $      51,646,891  $     14,202,309  $      12,341,511
                                    =================  =================  ================  =================



                                        FIDELITY VIP EQUITY-INCOME                                           
                                            INVESTMENT DIVISION                                              
                                    ------------------------------------                                     
                                           2013              2012                                            
                                    -----------------  -----------------                                     
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $       1,309,272  $       1,662,249                                     
   Net realized gains (losses).....         6,349,239          4,003,454                                     
   Change in unrealized gains                                                                                
     (losses) on investments.......        13,593,477          6,399,620                                     
                                    -----------------  -----------------                                     
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............        21,251,988         12,065,323                                     
                                    -----------------  -----------------                                     
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........         2,764,965          2,046,429                                     
   Net transfers (including                                                                                  
     fixed account)................       (1,709,894)        (1,584,690)                                     
   Contract charges................          (16,589)           (17,945)                                     
   Transfers for contract benefits                                                                           
     and terminations..............       (9,062,032)        (8,699,641)                                     
                                    -----------------  -----------------                                     
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............       (8,023,550)        (8,255,847)                                     
                                    -----------------  -----------------                                     
     Net increase (decrease)                                                                                 
        in net assets..............        13,228,438          3,809,476                                     
NET ASSETS:                                                                                                  
   Beginning of year...............        81,994,570         78,185,094                                     
                                    -----------------  -----------------                                     
   End of year..................... $      95,223,008  $      81,994,570                                     
                                    =================  =================                                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]


                                         FIDELITY VIP FUNDSMANAGER 50%        FIDELITY VIP FUNDSMANAGER 60%    
                                              INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                     ------------------------------------  ------------------------------------
                                            2013             2012 (a)            2013               2012       
                                     -----------------  -----------------  -----------------  -----------------
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $       (280,891)  $         242,407  $     (2,184,820)  $     (1,108,597)
   Net realized gains (losses)......           677,442             73,771         12,380,765          1,541,458
   Change in unrealized gains                                                                                  
     (losses) on investments........         8,280,722           (62,811)         31,377,318         20,145,096
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............         8,677,273            253,367         41,573,263         20,577,957
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........                --            105,071            998,378            109,981
   Net transfers (including                                                                                    
     fixed account).................        84,805,842         28,032,757                 --         54,494,212
   Contract charges.................                --                 --                 --                 --
   Transfers for contract benefits                                                                             
     and terminations...............       (1,738,123)           (76,022)       (11,323,869)       (13,376,586)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................        83,067,719         28,061,806       (10,325,491)         41,227,607
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets...............        91,744,992         28,315,173         31,247,772         61,805,564
NET ASSETS:                                                                                                    
   Beginning of year................        28,315,173                 --        260,007,961        198,202,397
                                     -----------------  -----------------  -----------------  -----------------
   End of year...................... $     120,060,165  $      28,315,173  $     291,255,733  $     260,007,961
                                     =================  =================  =================  =================



                                             FIDELITY VIP GROWTH           FIDELITY VIP INVESTMENT GRADE BOND  
                                             INVESTMENT DIVISION                   INVESTMENT DIVISION         
                                     -----------------------------------  ------------------------------------ 
                                           2013               2012               2013               2012       
                                     ----------------  -----------------  -----------------  ----------------- 
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $      (561,031)  $       (292,557)  $         223,025  $         305,644 
   Net realized gains (losses)......        1,808,095            486,197            218,748            695,555 
   Change in unrealized gains                                                                                  
     (losses) on investments........       24,557,252          9,885,221        (1,008,199)             38,191 
                                     ----------------  -----------------  -----------------  ----------------- 
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............       25,804,316         10,078,861          (566,426)          1,039,390 
                                     ----------------  -----------------  -----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........        2,472,982          2,385,678          1,387,086          1,626,125 
   Net transfers (including                                                                                    
     fixed account).................      (1,826,363)        (2,251,319)        (3,449,297)             15,385 
   Contract charges.................          (3,278)            (3,356)            (1,013)            (1,171) 
   Transfers for contract benefits                                                                             
     and terminations...............      (8,438,671)        (7,160,185)        (2,984,619)        (1,800,199) 
                                     ----------------  -----------------  -----------------  ----------------- 
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................      (7,795,330)        (7,029,182)        (5,047,843)          (159,860) 
                                     ----------------  -----------------  -----------------  ----------------- 
     Net increase (decrease)                                                                                   
        in net assets...............       18,008,986          3,049,679        (5,614,269)            879,530 
NET ASSETS:                                                                                                    
   Beginning of year................       77,803,882         74,754,203         22,278,308         21,398,778 
                                     ----------------  -----------------  -----------------  ----------------- 
   End of year...................... $     95,812,868  $      77,803,882  $      16,664,039  $      22,278,308 
                                     ================  =================  =================  ================= 


                                                                               MIST ALLIANCEBERNSTEIN GLOBAL   
                                          FIDELITY VIP MONEY MARKET                 DYNAMIC ALLOCATION         
                                             INVESTMENT DIVISION                    INVESTMENT DIVISION        
                                     ------------------------------------  ------------------------------------
                                           2013               2012               2013                2012      
                                     -----------------  -----------------  -----------------  -----------------
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $       (129,611)  $       (125,112)  $          69,566  $     (9,844,946)
   Net realized gains (losses)......                --                 --         29,558,558             16,141
   Change in unrealized gains                                                                                  
     (losses) on investments........                --                 --         99,050,193         77,778,755
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............         (129,611)          (125,112)        128,678,317         67,949,950
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........        87,457,306         82,242,105        260,166,566        483,567,379
   Net transfers (including                                                                                    
     fixed account).................      (84,464,813)       (84,085,005)         64,353,891        160,408,963
   Contract charges.................                --                 --       (16,029,730)        (7,597,854)
   Transfers for contract benefits                                                                             
     and terminations...............       (1,530,525)        (1,475,274)       (45,492,136)       (18,126,672)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................         1,461,968        (3,318,174)        262,998,591        618,251,816
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets...............         1,332,357        (3,443,286)        391,676,908        686,201,766
NET ASSETS:                                                                                                    
   Beginning of year................         8,724,752         12,168,038      1,165,993,492        479,791,726
                                     -----------------  -----------------  -----------------  -----------------
   End of year...................... $      10,057,109  $       8,724,752  $   1,557,670,400  $   1,165,993,492
                                     =================  =================  =================  =================


                                              MIST AMERICAN FUNDS                                              
                                              BALANCED ALLOCATION                                              
                                              INVESTMENT DIVISION                                              
                                     ------------------------------------                                      
                                            2013               2012                                            
                                     -----------------  -----------------                                      
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $         665,887  $       2,751,307                                      
   Net realized gains (losses)......        51,546,775         12,154,078                                      
   Change in unrealized gains                                                                                  
     (losses) on investments........        64,077,722         59,750,875                                      
                                     -----------------  -----------------                                      
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............       116,290,384         74,656,260                                      
                                     -----------------  -----------------                                      
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........        23,170,757         33,549,363                                      
   Net transfers (including                                                                                    
     fixed account).................        14,769,940        (8,794,522)                                      
   Contract charges.................       (6,659,012)        (6,379,077)                                      
   Transfers for contract benefits                                                                             
     and terminations...............      (31,316,140)       (28,341,447)                                      
                                     -----------------  -----------------                                      
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................          (34,455)        (9,965,683)                                      
                                     -----------------  -----------------                                      
     Net increase (decrease)                                                                                   
        in net assets...............       116,255,929         64,690,577                                      
NET ASSETS:                                                                                                    
   Beginning of year................       683,639,223        618,948,646                                      
                                     -----------------  -----------------                                      
   End of year...................... $     799,895,152  $     683,639,223                                      
                                     =================  =================                                      

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                             MIST AMERICAN FUNDS                                             
                                              GROWTH ALLOCATION               MIST AMERICAN FUNDS GROWTH     
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    ------------------------------------  -----------------------------------
                                           2013              2012               2013              2012       
                                     ----------------  -----------------  ----------------  -----------------
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................  $    (1,064,164)  $       (292,967)  $    (2,804,962)  $     (2,830,545)
   Net realized gains (losses).....        26,950,787          6,444,719        25,070,892          3,554,363
   Change in unrealized gains                                                                                
     (losses) on investments.......        52,896,385         37,485,893        61,692,648         42,616,835
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............        78,783,008         43,637,645        83,958,578         43,340,653
                                     ----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        16,232,395         16,703,442        19,616,078         22,040,789
   Net transfers (including                                                                                  
     fixed account)................         9,537,377       (11,618,323)      (25,447,246)       (11,167,666)
   Contract charges................       (2,785,304)        (2,628,508)       (2,961,680)        (2,850,873)
   Transfers for contract benefits                                                                           
     and terminations..............      (17,516,552)       (16,310,347)      (14,898,250)       (11,138,814)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............         5,467,916       (13,853,736)      (23,691,098)        (3,116,564)
                                     ----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets..............        84,250,924         29,783,909        60,267,480         40,224,089
NET ASSETS:                                                                                                  
   Beginning of year...............       333,268,561        303,484,652       309,469,419        269,245,330
                                     ----------------  -----------------  ----------------  -----------------
   End of year.....................  $    417,519,485  $     333,268,561  $    369,736,899  $     309,469,419
                                     ================  =================  ================  =================


                                            MIST AMERICAN FUNDS                                              
                                            MODERATE ALLOCATION             MIST AQR GLOBAL RISK BALANCED    
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013               2012              2013               2012       
                                    ----------------  -----------------  ----------------  ----------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      3,460,266  $       6,858,255  $     15,529,519  $     (9,840,331) 
   Net realized gains (losses).....       60,737,334         19,300,150        59,947,695          5,051,634 
   Change in unrealized gains                                                                                
     (losses) on investments.......       43,237,433         54,196,167     (175,248,264)        101,946,589 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............      107,435,033         80,354,572      (99,771,050)         97,157,892 
                                    ----------------  -----------------  ----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........       35,920,151         38,958,844       377,520,372        778,030,594 
   Net transfers (including                                                                                  
     fixed account)................     (18,021,815)       (13,050,873)     (247,460,440)        299,538,879 
   Contract charges................      (8,648,223)        (8,554,742)      (20,391,812)        (9,908,882) 
   Transfers for contract benefits                                                                           
     and terminations..............     (53,570,215)       (46,203,829)      (57,916,106)       (26,670,573) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............     (44,320,102)       (28,850,600)        51,752,014      1,040,990,018 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets..............       63,114,931         51,503,972      (48,019,036)      1,138,147,910 
NET ASSETS:                                                                                                  
   Beginning of year...............      908,733,316        857,229,344     1,737,315,768        599,167,858 
                                    ----------------  -----------------  ----------------  ----------------- 
   End of year..................... $    971,848,247  $     908,733,316  $  1,689,296,732  $   1,737,315,768 
                                    ================  =================  ================  ================= 


                                              MIST BLACKROCK                                                 
                                        GLOBAL TACTICAL STRATEGIES          MIST BLACKROCK LARGE CAP CORE    
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013               2012              2013               2012       
                                    ----------------  -----------------  ----------------  ----------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      1,743,218  $    (14,865,495)  $      1,526,066  $          14,655 
   Net realized gains (losses).....       41,914,099             16,226         5,445,047        (9,073,089) 
   Change in unrealized gains                                                                                
     (losses) on investments.......      115,124,941        101,463,947       185,128,020         81,735,276 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............      158,782,258         86,614,678       192,099,133         72,676,842 
                                    ----------------  -----------------  ----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........      335,774,570        665,601,215        15,575,203         16,618,121 
   Net transfers (including                                                                                  
     fixed account)................     (25,255,416)        176,709,034      (20,500,499)       (19,633,032) 
   Contract charges................     (21,059,756)       (10,860,800)         (679,953)          (686,182) 
   Transfers for contract benefits                                                                           
     and terminations..............     (59,587,680)       (24,646,275)      (63,407,217)       (60,065,049) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      229,871,718        806,803,174      (69,012,466)       (63,766,142) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets..............      388,653,976        893,417,852       123,086,667          8,910,700 
NET ASSETS:                                                                                                  
   Beginning of year...............    1,603,180,946        709,763,094       616,700,346        607,789,646 
                                    ----------------  -----------------  ----------------  ----------------- 
   End of year..................... $  1,991,834,922  $   1,603,180,946  $    739,787,013  $     616,700,346 
                                    ================  =================  ================  ================= 



                                                 VARIABLE B                                                  
                                             INVESTMENT DIVISION                                             
                                    ------------------------------------                                     
                                          2013                2012                                           
                                    -----------------  -----------------                                     
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $          75,248  $          48,819                                     
   Net realized gains (losses).....           129,960          (285,497)                                     
   Change in unrealized gains                                                                                
     (losses) on investments.......         3,569,637          1,769,469                                     
                                    -----------------  -----------------                                     
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............         3,774,845          1,532,791                                     
                                    -----------------  -----------------                                     
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........            22,080              2,946                                     
   Net transfers (including                                                                                  
     fixed account)................                --                 --                                     
   Contract charges................                --                 --                                     
   Transfers for contract benefits                                                                           
     and terminations..............       (2,233,681)        (1,616,416)                                     
                                    -----------------  -----------------                                     
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............       (2,211,601)        (1,613,470)                                     
                                    -----------------  -----------------                                     
     Net increase (decrease)                                                                                 
        in net assets..............         1,563,244           (80,679)                                     
NET ASSETS:                                                                                                  
   Beginning of year...............        12,413,480         12,494,159                                     
                                    -----------------  -----------------                                     
   End of year..................... $      13,976,724  $      12,413,480                                     
                                    =================  =================                                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]


                                                  VARIABLE C                 MIST CLARION GLOBAL REAL ESTATE   
                                              INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                     ------------------------------------  ------------------------------------
                                            2013              2012               2013               2012       
                                     -----------------  -----------------  -----------------  -----------------
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $          15,408  $          12,054  $      13,958,051  $       1,823,491
   Net realized gains (losses)......             1,801              (606)        (2,567,576)        (6,766,692)
   Change in unrealized gains                                                                                  
     (losses) on investments........           337,844            133,279        (5,787,201)         55,338,736
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............           355,053            144,727          5,603,274         50,395,535
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........                --                 --         12,859,973         10,605,785
   Net transfers (including                                                                                    
     fixed account).................                --                 --         12,227,387        (8,764,482)
   Contract charges.................                --                 --          (987,970)          (972,403)
   Transfers for contract benefits                                                                             
     and terminations...............         (331,487)            (1,890)       (21,928,310)       (19,748,632)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................         (331,487)            (1,890)          2,171,080       (18,879,732)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets...............            23,566            142,837          7,774,354         31,515,803
NET ASSETS:                                                                                                    
   Beginning of year................         1,223,254          1,080,417        245,411,646        213,895,843
                                     -----------------  -----------------  -----------------  -----------------
   End of year...................... $       1,246,820  $       1,223,254  $     253,186,000  $     245,411,646
                                     =================  =================  =================  =================


                                               MIST CLEARBRIDGE                      MIST CLEARBRIDGE          
                                             AGGRESSIVE GROWTH II                    AGGRESSIVE GROWTH         
                                              INVESTMENT DIVISION                   INVESTMENT DIVISION        
                                     ------------------------------------  ------------------------------------
                                            2013               2012               2013              2012       
                                     -----------------  -----------------  -----------------  -----------------
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $     (2,637,255)  $     (3,859,343)  $     (1,308,352)  $     (1,116,378)
   Net realized gains (losses)......        16,536,285          4,831,657          4,709,750          1,587,040
   Change in unrealized gains                                                                                  
     (losses) on investments........        82,697,978         67,185,414         41,633,973         13,460,409
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............        96,597,008         68,157,728         45,035,371         13,931,071
                                     -----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........        18,644,407         21,578,155          8,506,873          4,924,914
   Net transfers (including                                                                                    
     fixed account).................      (41,380,110)       (12,068,102)         32,855,139            139,039
   Contract charges.................       (2,513,008)        (2,455,964)          (644,278)          (488,394)
   Transfers for contract benefits                                                                             
     and terminations...............      (27,402,508)       (22,291,894)        (8,779,918)        (6,433,723)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................      (52,651,219)       (15,237,805)         31,937,816        (1,858,164)
                                     -----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets...............        43,945,789         52,919,923         76,973,187         12,072,907
NET ASSETS:                                                                                                    
   Beginning of year................       379,819,842        326,899,919         93,505,262         81,432,355
                                     -----------------  -----------------  -----------------  -----------------
   End of year...................... $     423,765,631  $     379,819,842  $     170,478,449  $      93,505,262
                                     =================  =================  =================  =================


                                                                                       MIST INVESCO            
                                      MIST HARRIS OAKMARK INTERNATIONAL          BALANCED-RISK ALLOCATION      
                                             INVESTMENT DIVISION                    INVESTMENT DIVISION        
                                     ------------------------------------  ------------------------------------
                                           2013               2012                2013             2012 (b)    
                                     -----------------  -----------------   ----------------  -----------------
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $       6,612,285  $       1,494,456   $    (4,911,880)  $       (285,621)
   Net realized gains (losses)......         9,467,227        (3,011,926)          3,733,393          2,752,326
   Change in unrealized gains                                                                                  
     (losses) on investments........       118,047,042        110,752,790          2,085,923          3,031,605
                                     -----------------  -----------------   ----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............       134,126,554        109,235,320            907,436          5,498,310
                                     -----------------  -----------------   ----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........        29,949,903         25,860,661        156,333,193        172,718,002
   Net transfers (including                                                                                    
     fixed account).................         1,151,407       (29,468,662)         29,337,810         86,599,927
   Contract charges.................       (2,650,398)        (2,390,120)        (3,483,468)          (281,918)
   Transfers for contract benefits                                                                             
     and terminations...............      (41,162,488)       (29,633,134)       (11,966,910)        (1,963,230)
                                     -----------------  -----------------   ----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................      (12,711,576)       (35,631,255)        170,220,625        257,072,781
                                     -----------------  -----------------   ----------------  -----------------
     Net increase (decrease)                                                                                   
        in net assets...............       121,414,978         73,604,065        171,128,061        262,571,091
NET ASSETS:                                                                                                    
   Beginning of year................       476,492,534        402,888,469        262,571,091                 --
                                     -----------------  -----------------   ----------------  -----------------
   End of year...................... $     597,907,512  $     476,492,534   $    433,699,152  $     262,571,091
                                     =================  =================   ================  =================



                                          MIST INVESCO MID CAP VALUE                                           
                                              INVESTMENT DIVISION                                              
                                     ------------------------------------                                      
                                            2013             2012 (b)                                          
                                     -----------------  -----------------                                      
                                                                                                               
INCREASE (DECREASE) IN                                                                                         
   NET ASSETS:                                                                                                 
FROM OPERATIONS:                                                                                               
   Net investment income                                                                                       
     (loss)......................... $     (2,266,098)  $     (3,836,269)                                      
   Net realized gains (losses)......        12,000,719          (989,154)                                      
   Change in unrealized gains                                                                                  
     (losses) on investments........       113,631,182         14,947,335                                      
                                     -----------------  -----------------                                      
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from operations.............       123,365,803         10,121,912                                      
                                     -----------------  -----------------                                      
CONTRACT TRANSACTIONS:                                                                                         
   Purchase payments received                                                                                  
     from contract owners...........        15,704,244         10,440,934                                      
   Net transfers (including                                                                                    
     fixed account).................      (30,140,814)        459,350,812                                      
   Contract charges.................       (1,639,174)        (1,081,365)                                      
   Transfers for contract benefits                                                                             
     and terminations...............      (43,789,054)       (24,552,437)                                      
                                     -----------------  -----------------                                      
     Net increase (decrease)                                                                                   
        in net assets resulting                                                                                
        from contract                                                                                          
        transactions................      (59,864,798)        444,157,944                                      
                                     -----------------  -----------------                                      
     Net increase (decrease)                                                                                   
        in net assets...............        63,501,005        454,279,856                                      
NET ASSETS:                                                                                                    
   Beginning of year................       454,279,856                 --                                      
                                     -----------------  -----------------                                      
   End of year...................... $     517,780,861  $     454,279,856                                      
                                     =================  =================                                      

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]


                                       MIST INVESCO SMALL CAP GROWTH           MIST JPMORGAN CORE BOND      
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    -----------------------------------  -----------------------------------
                                           2013              2012               2013              2012      
                                    -----------------  ----------------  -----------------  ----------------
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $       (472,384)  $      (486,861)  $       (899,934)  $      1,082,936
   Net realized gains (losses).....         4,748,249         3,244,880          5,171,457           837,862
   Change in unrealized gains                                                                               
     (losses) on investments.......        10,593,236         2,993,280        (8,122,594)         1,074,290
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............        14,869,101         5,751,299        (3,851,071)         2,995,088
                                    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........         2,661,323         1,872,613          3,478,936         6,824,359
   Net transfers (including                                                                                 
     fixed account)................         1,011,562       (1,888,576)          5,720,492         4,697,478
   Contract charges................         (171,756)         (152,815)          (793,825)         (858,233)
   Transfers for contract benefits                                                                          
     and terminations..............       (4,148,812)       (2,846,640)        (5,014,474)       (4,173,223)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............         (647,683)       (3,015,418)          3,391,129         6,490,381
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets..............        14,221,418         2,735,881          (459,942)         9,485,469
NET ASSETS:                                                                                                 
   Beginning of year...............        38,202,816        35,466,935         89,292,265        79,806,796
                                    -----------------  ----------------  -----------------  ----------------
   End of year..................... $      52,424,234  $     38,202,816  $      88,832,323  $     89,292,265
                                    =================  ================  =================  ================


                                           MIST JPMORGAN GLOBAL                                             
                                             ACTIVE ALLOCATION              MIST JPMORGAN SMALL CAP VALUE   
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    -----------------------------------  -----------------------------------
                                           2013            2012 (b)             2013              2012      
                                    -----------------  ----------------  -----------------  ----------------
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $     (4,366,225)  $       (53,172)  $       (142,252)  $       (99,508)
   Net realized gains (losses).....         1,577,076         1,067,588            807,531           169,514
   Change in unrealized gains                                                                               
     (losses) on investments.......        37,522,721         4,304,772          4,225,186         1,943,111
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............        34,733,572         5,319,188          4,890,465         2,013,117
                                    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........       170,266,426       126,473,886          1,416,557         1,134,527
   Net transfers (including                                                                                 
     fixed account)................       183,564,505        47,381,333        (2,051,744)         (215,121)
   Contract charges................       (3,413,580)         (118,033)          (150,082)         (144,438)
   Transfers for contract benefits                                                                          
     and terminations..............       (9,927,195)       (1,142,254)          (719,364)         (495,656)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............       340,490,156       172,594,932        (1,504,633)           279,312
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets..............       375,223,728       177,914,120          3,385,832         2,292,429
NET ASSETS:                                                                                                 
   Beginning of year...............       177,914,120                --         16,406,071        14,113,642
                                    -----------------  ----------------  -----------------  ----------------
   End of year..................... $     553,137,848  $    177,914,120  $      19,791,903  $     16,406,071
                                    =================  ================  =================  ================



                                     MIST LOOMIS SAYLES GLOBAL MARKETS     MIST LORD ABBETT BOND DEBENTURE  
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    -----------------------------------  -----------------------------------
                                           2013              2012               2013              2012      
                                    -----------------  ----------------  -----------------  ----------------
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $       (536,969)  $        304,103  $      17,878,588  $     18,522,471
   Net realized gains (losses).....         1,518,661           427,349          2,543,018         2,160,277
   Change in unrealized gains                                                                               
     (losses) on investments.......        13,213,815         3,035,366            813,310        13,383,268
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............        14,195,507         3,766,818         21,234,916        34,066,016
                                    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........         2,941,041         1,840,684         17,598,429        16,076,934
   Net transfers (including                                                                                 
     fixed account)................        89,373,193           522,506         12,627,681         3,057,413
   Contract charges................         (684,402)         (277,738)        (1,296,830)       (1,268,476)
   Transfers for contract benefits                                                                          
     and terminations..............       (5,909,565)       (1,042,810)       (31,367,353)      (30,645,978)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............        85,720,267         1,042,642        (2,438,073)      (12,780,107)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets..............        99,915,774         4,809,460         18,796,843        21,285,909
NET ASSETS:                                                                                                 
   Beginning of year...............        28,499,925        23,690,465        320,579,772       299,293,863
                                    -----------------  ----------------  -----------------  ----------------
   End of year..................... $     128,415,699  $     28,499,925  $     339,376,615  $    320,579,772
                                    =================  ================  =================  ================



                                    MIST MET/EATON VANCE FLOATING RATE                                      
                                            INVESTMENT DIVISION                                             
                                    -----------------------------------                                     
                                          2013               2012                                           
                                    -----------------  ----------------                                     
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $         208,583  $        131,505                                     
   Net realized gains (losses).....            50,200            37,022                                     
   Change in unrealized gains                                                                               
     (losses) on investments.......             5,269           202,510                                     
                                    -----------------  ----------------                                     
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............           264,052           371,037                                     
                                    -----------------  ----------------                                     
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........         3,647,685         1,186,665                                     
   Net transfers (including                                                                                 
     fixed account)................         6,965,436           143,024                                     
   Contract charges................          (53,010)          (42,201)                                     
   Transfers for contract benefits                                                                          
     and terminations..............         (847,207)         (217,550)                                     
                                    -----------------  ----------------                                     
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............         9,712,904         1,069,938                                     
                                    -----------------  ----------------                                     
     Net increase (decrease)                                                                                
        in net assets..............         9,976,956         1,440,975                                     
NET ASSETS:                                                                                                 
   Beginning of year...............         7,437,899         5,996,924                                     
                                    -----------------  ----------------                                     
   End of year..................... $      17,414,855  $      7,437,899                                     
                                    =================  ================                                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                             MIST MET/FRANKLIN                   MIST MET/TEMPLETON                               
                                         LOW DURATION TOTAL RETURN               INTERNATIONAL BOND                               
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION                              
                                    -----------------------------------  -----------------------------------                      
                                          2013               2012              2013               2012                            
                                    ----------------  -----------------  -----------------  ----------------                      
                                                                                                                                  
INCREASE (DECREASE) IN                                                                                                            
   NET ASSETS:                                                                                                                    
FROM OPERATIONS:                                                                                                                  
   Net investment income                                                                                                          
     (loss)........................ $      (114,679)  $          47,383  $          63,140  $        702,579                      
   Net realized gains (losses).....            6,042             18,836             30,754          (49,304)                      
   Change in unrealized gains                                                                                                     
     (losses) on investments.......          208,461            235,611          (108,988)           311,532                      
                                    ----------------  -----------------  -----------------  ----------------                      
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from operations............           99,824            301,830           (15,094)           964,807                      
                                    ----------------  -----------------  -----------------  ----------------                      
CONTRACT TRANSACTIONS:                                                                                                            
   Purchase payments received                                                                                                     
     from contract owners..........        6,034,629          3,512,786            195,576           388,304                      
   Net transfers (including                                                                                                       
     fixed account)................       58,102,937          5,422,523            532,000           652,040                      
   Contract charges................        (249,887)           (81,958)           (92,469)          (91,173)                      
   Transfers for contract benefits                                                                                                
     and terminations..............      (2,430,616)          (639,371)          (457,783)         (236,909)                      
                                    ----------------  -----------------  -----------------  ----------------                      
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from contract                                                                                                             
        transactions...............       61,457,063          8,213,980            177,324           712,262                      
                                    ----------------  -----------------  -----------------  ----------------                      
     Net increase (decrease)                                                                                                      
        in net assets..............       61,556,887          8,515,810            162,230         1,677,069                      
NET ASSETS:                                                                                                                       
   Beginning of year...............       15,151,477          6,635,667          8,734,807         7,057,738                      
                                    ----------------  -----------------  -----------------  ----------------                      
   End of year..................... $     76,708,364  $      15,151,477  $       8,897,037  $      8,734,807                      
                                    ================  =================  =================  ================                      


                                                                                                                  MIST METLIFE    
                                      MIST METLIFE AGGRESSIVE STRATEGY        MIST METLIFE BALANCED PLUS         GROWTH STRATEGY  
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION          INVESTMENT DIVISION
                                    ------------------------------------  -----------------------------------  -------------------
                                           2013              2012               2013               2012             2013 (c)      
                                    -----------------  -----------------  ----------------  -----------------  -------------------
                                                                                                                                  
INCREASE (DECREASE) IN                                                                                                            
   NET ASSETS:                                                                                                                    
FROM OPERATIONS:                                                                                                                  
   Net investment income                                                                                                          
     (loss)........................ $     (1,225,592)  $       (622,305)  $    (2,759,318)  $    (13,458,186)   $       (674,909) 
   Net realized gains (losses).....         3,331,546          (642,177)        38,771,200                 --             264,063 
   Change in unrealized gains                                                                                                     
     (losses) on investments.......        42,845,791         16,987,540       222,027,751        125,203,535          11,188,828 
                                    -----------------  -----------------  ----------------  -----------------  -------------------
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from operations............        44,951,745         15,723,058       258,039,633        111,745,349          10,777,982 
                                    -----------------  -----------------  ----------------  -----------------  -------------------
CONTRACT TRANSACTIONS:                                                                                                            
   Purchase payments received                                                                                                     
     from contract owners..........        14,013,129         10,482,886       547,982,837        666,323,351           3,020,077 
   Net transfers (including                                                                                                       
     fixed account)................        67,471,869        (2,064,708)       507,399,979        191,499,271          76,196,255 
   Contract charges................         (384,485)          (332,332)      (23,314,623)        (9,507,105)           (340,082) 
   Transfers for contract benefits                                                                                                
     and terminations..............      (16,858,481)        (6,978,269)      (68,514,051)       (24,967,987)         (3,073,843) 
                                    -----------------  -----------------  ----------------  -----------------  -------------------
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from contract                                                                                                             
        transactions...............        64,242,032          1,107,577       963,554,142        823,347,530          75,802,407 
                                    -----------------  -----------------  ----------------  -----------------  -------------------
     Net increase (decrease)                                                                                                      
        in net assets..............       109,193,777         16,830,635     1,221,593,775        935,092,879          86,580,389 
NET ASSETS:                                                                                                                       
   Beginning of year...............       119,313,920        102,483,285     1,536,558,887        601,466,008                  -- 
                                    -----------------  -----------------  ----------------  -----------------  -------------------
   End of year..................... $     228,507,697  $     119,313,920  $  2,758,152,662  $   1,536,558,887   $      86,580,389 
                                    =================  =================  ================  =================  ===================


                                          MIST METLIFE MULTI-INDEX                 MIST MFS EMERGING                              
                                                TARGETED RISK                       MARKETS EQUITY                                
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION                             
                                    ------------------------------------  -----------------------------------                     
                                           2013             2012 (d)            2013               2012                           
                                    -----------------  -----------------  ----------------  -----------------                     
                                                                                                                                  
INCREASE (DECREASE) IN                                                                                                            
   NET ASSETS:                                                                                                                    
FROM OPERATIONS:                                                                                                                  
   Net investment income                                                                                                          
     (loss)........................ $       (730,174)  $         (4,570)  $      (103,102)  $       (246,778)                     
   Net realized gains (losses).....         4,514,858                 --           245,013            218,578                     
   Change in unrealized gains                                                                                                     
     (losses) on investments.......         8,391,748             57,330       (3,134,017)          7,622,252                     
                                    -----------------  -----------------  ----------------  -----------------                     
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from operations............        12,176,432             52,760       (2,992,106)          7,594,052                     
                                    -----------------  -----------------  ----------------  -----------------                     
CONTRACT TRANSACTIONS:                                                                                                            
   Purchase payments received                                                                                                     
     from contract owners..........       108,918,900          6,046,338         2,720,739          3,302,160                     
   Net transfers (including                                                                                                       
     fixed account)................       136,805,559            828,476         5,252,067             59,643                     
   Contract charges................         (667,574)                 --         (451,905)          (451,084)                     
   Transfers for contract benefits                                                                                                
     and terminations..............       (2,587,127)           (24,161)       (1,869,986)        (1,700,666)                     
                                    -----------------  -----------------  ----------------  -----------------                     
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from contract                                                                                                             
        transactions...............       242,469,758          6,850,653         5,650,915          1,210,053                     
                                    -----------------  -----------------  ----------------  -----------------                     
     Net increase (decrease)                                                                                                      
        in net assets..............       254,646,190          6,903,413         2,658,809          8,804,105                     
NET ASSETS:                                                                                                                       
   Beginning of year...............         6,903,413                 --        50,543,249         41,739,144                     
                                    -----------------  -----------------  ----------------  -----------------                     
   End of year..................... $     261,549,603  $       6,903,413  $     53,202,058  $      50,543,249                     
                                    =================  =================  ================  =================                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                                                                MIST MORGAN STANLEY          
                                      MIST MFS RESEARCH INTERNATIONAL             MID CAP GROWTH             
                                            INVESTMENT DIVISION                 INVESTMENT DIVISION          
                                    -----------------------------------  ----------------------------------  
                                          2013               2012              2013              2012        
                                    ----------------  -----------------  ----------------  ----------------  
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      3,345,280  $       1,672,965  $    (1,656,171)  $    (4,210,537)  
   Net realized gains (losses).....        (622,928)        (4,954,152)        13,208,252         5,317,869  
   Change in unrealized gains                                                                                
     (losses) on investments.......       36,996,683         36,050,862       103,554,435        25,732,223  
                                    ----------------  -----------------  ----------------  ----------------  
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       39,719,035         32,769,675       115,106,516        26,839,555  
                                    ----------------  -----------------  ----------------  ----------------  
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        9,305,774         11,826,744        11,395,112        12,705,330  
   Net transfers (including                                                                                  
     fixed account)................      (9,269,007)       (12,860,495)      (22,347,266)      (12,398,944)  
   Contract charges................      (1,012,206)        (1,005,447)         (472,654)         (474,575)  
   Transfers for contract benefits                                                                           
     and terminations..............     (19,069,436)       (17,232,483)      (32,657,770)      (29,933,233)  
                                    ----------------  -----------------  ----------------  ----------------  
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............     (20,044,875)       (19,271,681)      (44,082,578)      (30,101,422)  
                                    ----------------  -----------------  ----------------  ----------------  
     Net increase (decrease)                                                                                 
        in net assets..............       19,674,160         13,497,994        71,023,938       (3,261,867)  
NET ASSETS:                                                                                                  
   Beginning of year...............      232,797,238        219,299,244       328,177,563       331,439,430  
                                    ----------------  -----------------  ----------------  ----------------  
   End of year..................... $    252,471,398  $     232,797,238  $    399,201,501  $    328,177,563  
                                    ================  =================  ================  ================  


                                                                                     MIST PIMCO              
                                      MIST OPPENHEIMER GLOBAL EQUITY          INFLATION PROTECTED BOND       
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013               2012              2013              2012        
                                    -----------------  ----------------  ----------------  ----------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $       1,569,694  $        590,593  $      5,944,398  $      11,625,022 
   Net realized gains (losses).....         8,709,957         2,956,134        28,820,051         41,689,742 
   Change in unrealized gains                                                                                
     (losses) on investments.......        47,935,617        34,846,367     (105,930,636)        (3,829,156) 
                                    -----------------  ----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............        58,215,268        38,393,094      (71,166,187)         49,485,608 
                                    -----------------  ----------------  ----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........         8,781,129         8,178,017        29,666,625         49,932,747 
   Net transfers (including                                                                                  
     fixed account)................        19,380,914      (12,363,260)      (45,510,687)         43,010,771 
   Contract charges................         (882,360)         (743,403)       (4,071,028)        (4,354,242) 
   Transfers for contract benefits                                                                           
     and terminations..............      (20,582,190)      (15,642,935)      (46,313,585)       (48,033,724) 
                                    -----------------  ----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............         6,697,493      (20,571,581)      (66,228,675)         40,555,552 
                                    -----------------  ----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets..............        64,912,761        17,821,513     (137,394,862)         90,041,160 
NET ASSETS:                                                                                                  
   Beginning of year...............       219,397,966       201,576,453       697,291,188        607,250,028 
                                    -----------------  ----------------  ----------------  ----------------- 
   End of year..................... $     284,310,727  $    219,397,966  $    559,896,326  $     697,291,188 
                                    =================  ================  ================  ================= 



                                          MIST PIMCO TOTAL RETURN            MIST PIONEER STRATEGIC INCOME   
                                            INVESTMENT DIVISION                   INVESTMENT DIVISION        
                                    -----------------------------------  ------------------------------------
                                           2013              2012              2013                2012      
                                    -----------------  ----------------  -----------------  -----------------
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      36,186,476  $     22,414,950  $       2,648,556  $       2,214,309
   Net realized gains (losses).....        23,893,062         4,256,169            380,318            431,791
   Change in unrealized gains                                                                                
     (losses) on investments.......      (99,136,970)        63,295,829        (3,017,233)          3,393,104
                                    -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............      (39,057,432)        89,966,948             11,641          6,039,204
                                    -----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        57,605,759        70,379,304          5,430,079          7,057,045
   Net transfers (including                                                                                  
     fixed account)................        24,506,322        42,895,576        (1,887,650)          4,484,300
   Contract charges................       (7,135,535)       (7,178,707)          (482,291)          (485,690)
   Transfers for contract benefits                                                                           
     and terminations..............      (95,719,277)      (93,041,261)        (3,750,667)        (2,478,881)
                                    -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (20,742,731)        13,054,912          (690,529)          8,576,774
                                    -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets..............      (59,800,163)       103,021,860          (678,888)         14,615,978
NET ASSETS:                                                                                                  
   Beginning of year...............     1,226,100,483     1,123,078,623         70,080,765         55,464,787
                                    -----------------  ----------------  -----------------  -----------------
   End of year..................... $   1,166,300,320  $  1,226,100,483  $      69,401,877  $      70,080,765
                                    =================  ================  =================  =================



                                      MIST PYRAMIS GOVERNMENT INCOME                                         
                                            INVESTMENT DIVISION                                              
                                    ----------------------------------                                       
                                          2013              2012                                             
                                    ----------------  ----------------                                       
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      1,477,206  $    (5,107,197)                                       
   Net realized gains (losses).....        2,288,770           452,229                                       
   Change in unrealized gains                                                                                
     (losses) on investments.......     (39,830,367)        11,051,029                                       
                                    ----------------  ----------------                                       
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............     (36,064,391)         6,396,061                                       
                                    ----------------  ----------------                                       
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........      105,051,042       303,900,909                                       
   Net transfers (including                                                                                  
     fixed account)................     (93,735,545)       104,401,909                                       
   Contract charges................      (7,065,603)       (3,426,658)                                       
   Transfers for contract benefits                                                                           
     and terminations..............     (27,191,732)      (10,761,797)                                       
                                    ----------------  ----------------                                       
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............     (22,941,838)       394,114,363                                       
                                    ----------------  ----------------                                       
     Net increase (decrease)                                                                                 
        in net assets..............     (59,006,229)       400,510,424                                       
NET ASSETS:                                                                                                  
   Beginning of year...............      600,925,084       200,414,660                                       
                                    ----------------  ----------------                                       
   End of year..................... $    541,918,855  $    600,925,084                                       
                                    ================  ================                                       

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]


                                        MIST PYRAMIS                MIST SCHRODERS                      MIST SSGA GROWTH          
                                        MANAGED RISK              GLOBAL MULTI-ASSET                     AND INCOME ETF           
                                     INVESTMENT DIVISION          INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                     -------------------  -----------------------------------  -----------------------------------
                                          2013 (c)               2013            2012 (b)             2013              2012      
                                      ----------------    -----------------  ----------------  -----------------  ----------------
                                                                                                                                  
INCREASE (DECREASE) IN                                                                                                            
   NET ASSETS:                                                                                                                    
FROM OPERATIONS:                                                                                                                  
   Net investment income                                                                                                          
     (loss).........................  $        213,903    $     (3,151,762)  $        456,463  $      11,814,784  $      9,596,261
   Net realized gains (losses)......           983,169              815,713         2,099,861         31,676,682        23,026,356
   Change in unrealized gains                                                                                                     
     (losses) on investments........         1,447,758           24,079,526         1,345,384         60,189,529        61,370,103
                                      ----------------    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from operations.............         2,644,830           21,743,477         3,901,708        103,680,995        93,992,720
                                      ----------------    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                                            
   Purchase payments received                                                                                                     
     from contract owners...........        22,919,893          114,186,711        90,866,789         24,121,793        44,021,766
   Net transfers (including                                                                                                       
     fixed account).................        32,453,044          101,499,851        36,093,305       (19,540,123)        14,151,230
   Contract charges.................         (174,338)          (2,355,198)          (79,981)        (8,869,341)       (8,609,093)
   Transfers for contract benefits                                                                                                
     and terminations...............         (526,952)          (7,187,183)         (747,596)       (38,673,381)      (35,564,950)
                                      ----------------    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from contract                                                                                                             
        transactions................        54,671,647          206,144,181       126,132,517       (42,961,052)        13,998,953
                                      ----------------    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                                      
        in net assets...............        57,316,477          227,887,658       130,034,225         60,719,943       107,991,673
NET ASSETS:                                                                                                                       
   Beginning of year................                --          130,034,225                --        919,015,955       811,024,282
                                      ----------------    -----------------  ----------------  -----------------  ----------------
   End of year......................  $     57,316,477    $     357,921,883  $    130,034,225  $     979,735,898  $    919,015,955
                                      ================    =================  ================  =================  ================



                                                                                  MIST T. ROWE PRICE                              
                                            MIST SSGA GROWTH ETF                    MID CAP GROWTH                                
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION                             
                                     -----------------------------------  -----------------------------------                     
                                            2013              2012               2013              2012                           
                                     -----------------  ----------------  -----------------  ----------------                     
                                                                                                                                  
INCREASE (DECREASE) IN                                                                                                            
   NET ASSETS:                                                                                                                    
FROM OPERATIONS:                                                                                                                  
   Net investment income                                                                                                          
     (loss)......................... $       1,006,979  $        714,104  $     (3,523,331)  $    (3,786,488)                     
   Net realized gains (losses)......         6,731,366         5,897,313         24,489,933        40,978,127                     
   Change in unrealized gains                                                                                                     
     (losses) on investments........        12,635,058         6,878,957         81,926,394       (3,413,055)                     
                                     -----------------  ----------------  -----------------  ----------------                     
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from operations.............        20,373,403        13,490,374        102,892,996        33,778,584                     
                                     -----------------  ----------------  -----------------  ----------------                     
CONTRACT TRANSACTIONS:                                                                                                            
   Purchase payments received                                                                                                     
     from contract owners...........         8,735,321         9,725,382         20,537,738        19,117,110                     
   Net transfers (including                                                                                                       
     fixed account).................        13,683,507         3,004,933        (1,946,413)       (6,891,637)                     
   Contract charges.................         (762,455)         (715,352)        (1,742,675)       (1,587,808)                     
   Transfers for contract benefits                                                                                                
     and terminations...............       (7,355,369)       (5,210,417)       (26,223,590)      (20,552,878)                     
                                     -----------------  ----------------  -----------------  ----------------                     
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from contract                                                                                                             
        transactions................        14,301,004         6,804,546        (9,374,940)       (9,915,213)                     
                                     -----------------  ----------------  -----------------  ----------------                     
     Net increase (decrease)                                                                                                      
        in net assets...............        34,674,407        20,294,920         93,518,056        23,863,371                     
NET ASSETS:                                                                                                                       
   Beginning of year................       116,064,976        95,770,056        300,330,183       276,466,812                     
                                     -----------------  ----------------  -----------------  ----------------                     
   End of year...................... $     150,739,383  $    116,064,976  $     393,848,239  $    300,330,183                     
                                     =================  ================  =================  ================                     



                                                                                  MSF BAILLIE GIFFORD                             
                                      MIST THIRD AVENUE SMALL CAP VALUE           INTERNATIONAL STOCK                             
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION                             
                                     -----------------------------------  -----------------------------------                     
                                            2013              2012               2013              2012                           
                                     -----------------  ----------------  -----------------  ----------------                     
                                                                                                                                  
INCREASE (DECREASE) IN                                                                                                            
   NET ASSETS:                                                                                                                    
FROM OPERATIONS:                                                                                                                  
   Net investment income                                                                                                          
     (loss)......................... $        (32,626)  $      (133,386)  $         466,295  $         16,611                     
   Net realized gains (losses)......           254,181            31,460        (2,942,364)       (6,791,749)                     
   Change in unrealized gains                                                                                                     
     (losses) on investments........         3,721,160         1,819,753         23,276,505        32,422,529                     
                                     -----------------  ----------------  -----------------  ----------------                     
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from operations.............         3,942,715         1,717,827         20,800,436        25,647,391                     
                                     -----------------  ----------------  -----------------  ----------------                     
CONTRACT TRANSACTIONS:                                                                                                            
   Purchase payments received                                                                                                     
     from contract owners...........         1,846,540         1,817,623          4,009,176         4,510,201                     
   Net transfers (including                                                                                                       
     fixed account).................         (578,830)         (502,102)        (4,684,463)       (7,577,921)                     
   Contract charges.................          (29,885)          (22,494)          (417,392)         (428,025)                     
   Transfers for contract benefits                                                                                                
     and terminations...............         (699,793)         (606,849)       (14,635,114)      (13,728,152)                     
                                     -----------------  ----------------  -----------------  ----------------                     
     Net increase (decrease)                                                                                                      
        in net assets resulting                                                                                                   
        from contract                                                                                                             
        transactions................           538,032           686,178       (15,727,793)      (17,223,897)                     
                                     -----------------  ----------------  -----------------  ----------------                     
     Net increase (decrease)                                                                                                      
        in net assets...............         4,480,747         2,404,005          5,072,643         8,423,494                     
NET ASSETS:                                                                                                                       
   Beginning of year................        12,367,720         9,963,715        157,488,412       149,064,918                     
                                     -----------------  ----------------  -----------------  ----------------                     
   End of year...................... $      16,848,467  $     12,367,720  $     162,561,055  $    157,488,412                     
                                     =================  ================  =================  ================                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                                MSF BARCLAYS                                                
                                            AGGREGATE BOND INDEX              MSF BLACKROCK BOND INCOME     
                                             INVESTMENT DIVISION                 INVESTMENT DIVISION        
                                    -----------------------------------  -----------------------------------
                                           2013              2012               2013              2012      
                                    -----------------  ----------------  -----------------  ----------------
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $      24,164,365  $     26,460,557  $      12,941,865  $      6,730,178
   Net realized gains (losses).....           963,354         5,346,141         12,994,006         6,095,541
   Change in unrealized gains                                                                               
     (losses) on investments.......      (69,025,881)       (4,740,378)       (36,914,536)        17,177,018
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............      (43,898,162)        27,066,320       (10,978,665)        30,002,737
                                    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........        69,959,920        68,937,477         17,333,727        22,223,783
   Net transfers (including                                                                                 
     fixed account)................       104,378,546        41,010,095          4,920,304         6,298,421
   Contract charges................       (5,585,348)       (5,666,093)        (1,888,240)       (1,937,213)
   Transfers for contract benefits                                                                          
     and terminations..............     (102,047,874)      (95,740,107)       (44,067,860)      (47,208,086)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............        66,705,244         8,541,372       (23,702,069)      (20,623,095)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets..............        22,807,082        35,607,692       (34,680,734)         9,379,642
NET ASSETS:                                                                                                 
   Beginning of year...............     1,150,681,701     1,115,074,009        513,127,216       503,747,574
                                    -----------------  ----------------  -----------------  ----------------
   End of year..................... $   1,173,488,783  $  1,150,681,701  $     478,446,482  $    513,127,216
                                    =================  ================  =================  ================



                                    MSF BLACKROCK CAPITAL APPRECIATION        MSF BLACKROCK DIVERSIFIED     
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    -----------------------------------  -----------------------------------
                                           2013              2012               2013              2012      
                                    -----------------  ----------------  -----------------  ----------------
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $     (1,106,862)  $    (1,972,287)  $       7,898,331  $      6,564,050
   Net realized gains (losses).....         8,210,066         3,086,608         10,296,472         3,099,829
   Change in unrealized gains                                                                               
     (losses) on investments.......        41,967,751        18,441,634         96,075,877        57,467,217
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............        49,070,955        19,555,955        114,270,680        67,131,096
                                    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........         6,193,292         9,245,805         11,427,533        10,671,295
   Net transfers (including                                                                                 
     fixed account)................      (16,841,034)       (7,007,031)       (14,040,216)      (14,441,203)
   Contract charges................         (975,687)         (982,638)          (313,151)         (333,068)
   Transfers for contract benefits                                                                          
     and terminations..............      (12,613,683)      (10,985,295)       (62,889,195)      (65,428,352)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............      (24,237,112)       (9,729,159)       (65,815,029)      (69,531,328)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets..............        24,833,843         9,826,796         48,455,651       (2,400,232)
NET ASSETS:                                                                                                 
   Beginning of year...............       164,222,677       154,395,881        632,285,328       634,685,560
                                    -----------------  ----------------  -----------------  ----------------
   End of year..................... $     189,056,520  $    164,222,677  $     680,740,979  $    632,285,328
                                    =================  ================  =================  ================



                                       MSF BLACKROCK LARGE CAP VALUE         MSF BLACKROCK MONEY MARKET     
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    -----------------------------------  -----------------------------------
                                           2013              2012               2013              2012      
                                    -----------------  ----------------  -----------------  ----------------
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $       (231,842)  $        290,612  $     (1,132,007)  $    (1,181,929)
   Net realized gains (losses).....        13,544,549        31,615,279                 --                --
   Change in unrealized gains                                                                               
     (losses) on investments.......        51,361,679       (6,267,847)                 --                --
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............        64,674,386        25,638,044        (1,132,007)       (1,181,929)
                                    -----------------  ----------------  -----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........        12,580,719        13,377,609          8,210,444        11,092,649
   Net transfers (including                                                                                 
     fixed account)................       (6,169,677)       (8,969,166)          1,475,596         4,762,352
   Contract charges................       (1,243,636)       (1,160,004)          (647,879)         (591,876)
   Transfers for contract benefits                                                                          
     and terminations..............      (19,870,589)      (15,244,060)       (13,505,853)      (12,773,513)
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............      (14,703,183)      (11,995,621)        (4,467,692)         2,489,612
                                    -----------------  ----------------  -----------------  ----------------
     Net increase (decrease)                                                                                
        in net assets..............        49,971,203        13,642,423        (5,599,699)         1,307,683
NET ASSETS:                                                                                                 
   Beginning of year...............       220,191,829       206,549,406         88,984,812        87,677,129
                                    -----------------  ----------------  -----------------  ----------------
   End of year..................... $     270,163,032  $    220,191,829  $      83,385,113  $     88,984,812
                                    =================  ================  =================  ================



                                          MSF DAVIS VENTURE VALUE                                           
                                            INVESTMENT DIVISION                                             
                                    -----------------------------------                                     
                                           2013              2012                                           
                                    -----------------  ----------------                                     
                                                                                                            
INCREASE (DECREASE) IN                                                                                      
   NET ASSETS:                                                                                              
FROM OPERATIONS:                                                                                            
   Net investment income                                                                                    
     (loss)........................ $       (268,989)  $    (3,516,049)                                     
   Net realized gains (losses).....        30,496,525         6,178,240                                     
   Change in unrealized gains                                                                               
     (losses) on investments.......       138,481,113        57,738,005                                     
                                    -----------------  ----------------                                     
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from operations............       168,708,649        60,400,196                                     
                                    -----------------  ----------------                                     
CONTRACT TRANSACTIONS:                                                                                      
   Purchase payments received                                                                               
     from contract owners..........        21,672,616        23,659,277                                     
   Net transfers (including                                                                                 
     fixed account)................      (38,365,524)      (25,585,476)                                     
   Contract charges................       (2,778,784)       (2,676,497)                                     
   Transfers for contract benefits                                                                          
     and terminations..............      (51,778,434)      (43,439,960)                                     
                                    -----------------  ----------------                                     
     Net increase (decrease)                                                                                
        in net assets resulting                                                                             
        from contract                                                                                       
        transactions...............      (71,250,126)      (48,042,656)                                     
                                    -----------------  ----------------                                     
     Net increase (decrease)                                                                                
        in net assets..............        97,458,523        12,357,540                                     
NET ASSETS:                                                                                                 
   Beginning of year...............       562,306,956       549,949,416                                     
                                    -----------------  ----------------                                     
   End of year..................... $     659,765,479  $    562,306,956                                     
                                    =================  ================                                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]


                                         MSF FRONTIER MID CAP GROWTH              MSF JENNISON GROWTH        
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    ------------------------------------  -----------------------------------
                                           2013              2012               2013              2012       
                                    -----------------  -----------------  ----------------  -----------------
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $          73,515  $     (5,625,627)  $    (1,659,073)  $     (1,677,392)
   Net realized gains (losses).....        30,200,303         12,013,460         6,758,909         17,401,005
   Change in unrealized gains                                                                                
     (losses) on investments.......        98,942,221         35,370,149        44,330,874        (6,078,481)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       129,216,039         41,757,982        49,430,710          9,645,132
                                    -----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........         7,710,819          9,761,447         6,318,131          9,047,096
   Net transfers (including                                                                                  
     fixed account)................      (18,594,620)       (13,289,808)      (18,151,905)         62,639,308
   Contract charges................         (585,437)          (574,986)         (972,446)          (809,535)
   Transfers for contract benefits                                                                           
     and terminations..............      (41,311,390)       (40,270,013)      (13,379,092)        (9,422,084)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (52,780,628)       (44,373,360)      (26,185,312)         61,454,785
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets..............        76,435,411        (2,615,378)        23,245,398         71,099,917
NET ASSETS:                                                                                                  
   Beginning of year...............       439,241,102        441,856,480       154,053,950         82,954,033
                                    -----------------  -----------------  ----------------  -----------------
   End of year..................... $     515,676,513  $     439,241,102  $    177,299,348  $     154,053,950
                                    =================  =================  ================  =================


                                             MSF LOOMIS SAYLES                    MSF LOOMIS SAYLES          
                                              SMALL CAP CORE                      SMALL CAP GROWTH           
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013              2012               2013               2012       
                                    ----------------  -----------------  ----------------  ----------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $    (1,739,656)  $     (2,002,639)  $      (660,692)  $       (571,823) 
   Net realized gains (losses).....       19,385,185          6,614,447         3,576,809          1,379,303 
   Change in unrealized gains                                                                                
     (losses) on investments.......       41,221,342         14,438,005        16,516,067          3,377,539 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       58,866,871         19,049,813        19,432,184          4,185,019 
                                    ----------------  -----------------  ----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        6,760,655          6,891,103         1,890,772          1,787,862 
   Net transfers (including                                                                                  
     fixed account)................      (4,216,699)        (7,307,184)         6,543,045        (6,173,151) 
   Contract charges................        (672,122)          (627,291)         (108,917)           (98,794) 
   Transfers for contract benefits                                                                           
     and terminations..............     (14,844,851)       (13,323,254)       (4,858,114)        (4,576,397) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............     (12,973,017)       (14,366,626)         3,466,786        (9,060,480) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets..............       45,893,854          4,683,187        22,898,970        (4,875,461) 
NET ASSETS:                                                                                                  
   Beginning of year...............      157,335,875        152,652,688        41,493,878         46,369,339 
                                    ----------------  -----------------  ----------------  ----------------- 
   End of year..................... $    203,229,729  $     157,335,875  $     64,392,848  $      41,493,878 
                                    ================  =================  ================  ================= 


                                                                                 MSF MET/DIMENSIONAL         
                                       MSF MET/ARTISAN MID CAP VALUE         INTERNATIONAL SMALL COMPANY     
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013              2012               2013               2012       
                                    ----------------  -----------------  ----------------  ----------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      (961,848)  $       (814,317)  $         24,091  $          40,843 
   Net realized gains (losses).....        3,162,897        (3,945,332)           220,610            359,129 
   Change in unrealized gains                                                                                
     (losses) on investments.......       69,537,584         25,829,066           966,876            309,208 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       71,738,633         21,069,417         1,211,577            709,180 
                                    ----------------  -----------------  ----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        9,436,749          8,874,605           443,044            291,809 
   Net transfers (including                                                                                  
     fixed account)................          956,044        (6,921,482)         (150,621)          (143,800) 
   Contract charges................        (553,676)          (514,202)          (41,428)           (41,622) 
   Transfers for contract benefits                                                                           
     and terminations..............     (25,394,140)       (22,073,673)         (294,707)          (158,938) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............     (15,555,023)       (20,634,752)          (43,712)           (52,551) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets..............       56,183,610            434,665         1,167,865            656,629 
NET ASSETS:                                                                                                  
   Beginning of year...............      212,602,997        212,168,332         4,719,389          4,062,760 
                                    ----------------  -----------------  ----------------  ----------------- 
   End of year..................... $    268,786,607  $     212,602,997  $      5,887,254  $       4,719,389 
                                    ================  =================  ================  ================= 



                                    MSF METLIFE CONSERVATIVE ALLOCATION                                      
                                            INVESTMENT DIVISION                                              
                                    ------------------------------------                                     
                                          2013               2012                                            
                                    ----------------  -----------------                                      
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $      9,297,267  $      10,165,548                                      
   Net realized gains (losses).....        9,661,699         16,933,158                                      
   Change in unrealized gains                                                                                
     (losses) on investments.......      (2,447,654)         14,328,509                                      
                                    ----------------  -----------------                                      
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       16,511,312         41,427,215                                      
                                    ----------------  -----------------                                      
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........       34,497,982         45,152,634                                      
   Net transfers (including                                                                                  
     fixed account)................     (37,386,364)         33,846,260                                      
   Contract charges................      (3,801,125)        (3,683,769)                                      
   Transfers for contract benefits                                                                           
     and terminations..............     (51,064,401)       (42,068,655)                                      
                                    ----------------  -----------------                                      
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............     (57,753,908)         33,246,470                                      
                                    ----------------  -----------------                                      
     Net increase (decrease)                                                                                 
        in net assets..............     (41,242,596)         74,673,685                                      
NET ASSETS:                                                                                                  
   Beginning of year...............      591,422,970        516,749,285                                      
                                    ----------------  -----------------                                      
   End of year..................... $    550,180,374  $     591,422,970                                      
                                    ================  =================                                      

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                          MSF METLIFE CONSERVATIVE                                            
                                           TO MODERATE ALLOCATION           MSF METLIFE MID CAP STOCK INDEX   
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                     -----------------------------------  ------------------------------------
                                           2013               2012               2013              2012       
                                     -----------------  ----------------  -----------------  -----------------
                                                                                                              
INCREASE (DECREASE) IN                                                                                        
   NET ASSETS:                                                                                                
FROM OPERATIONS:                                                                                              
   Net investment income                                                                                      
     (loss)......................... $      18,072,392  $     21,919,174  $     (1,215,082)  $     (1,751,987)
   Net realized gains (losses)......        31,187,191        12,634,200         26,734,140         22,204,754
   Change in unrealized gains                                                                                 
     (losses) on investments........        82,583,600        96,305,018        104,216,853         39,972,595
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from operations.............       131,843,183       130,858,392        129,735,911         60,425,362
                                     -----------------  ----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                        
   Purchase payments received                                                                                 
     from contract owners...........        62,147,447        80,398,812         27,741,430         24,734,350
   Net transfers (including                                                                                   
     fixed account).................      (12,530,288)        11,637,886        (8,866,333)       (11,612,546)
   Contract charges.................      (10,296,017)      (10,188,114)        (1,768,671)        (1,589,156)
   Transfers for contract benefits                                                                            
     and terminations...............     (108,900,856)      (90,128,719)       (38,841,974)       (32,224,225)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from contract                                                                                         
        transactions................      (69,579,714)       (8,280,135)       (21,735,548)       (20,691,577)
                                     -----------------  ----------------  -----------------  -----------------
     Net increase (decrease)                                                                                  
        in net assets...............        62,263,469       122,578,257        108,000,363         39,733,785
NET ASSETS:                                                                                                   
   Beginning of year................     1,413,830,336     1,291,252,079        424,114,372        384,380,587
                                     -----------------  ----------------  -----------------  -----------------
   End of year...................... $   1,476,093,805  $  1,413,830,336  $     532,114,735  $     424,114,372
                                     =================  ================  =================  =================


                                                                                 MSF METLIFE MODERATE         
                                       MSF METLIFE MODERATE ALLOCATION         TO AGGRESSIVE ALLOCATION       
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                     -----------------------------------  ------------------------------------
                                           2013               2012               2013              2012       
                                     ----------------  -----------------  -----------------  -----------------
                                                                                                              
INCREASE (DECREASE) IN                                                                                        
   NET ASSETS:                                                                                                
FROM OPERATIONS:                                                                                              
   Net investment income                                                                                      
     (loss)......................... $     28,038,506  $      39,471,659  $       3,287,000  $      10,145,735
   Net realized gains (losses)......       71,718,032         16,872,995         20,551,964          4,305,789
   Change in unrealized gains                                                                                 
     (losses) on investments........      538,506,450        364,883,546        343,583,585        193,493,795
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from operations.............      638,262,988        421,228,200        367,422,549        207,945,319
                                     ----------------  -----------------  -----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                        
   Purchase payments received                                                                                 
     from contract owners...........      159,543,441        190,278,441         79,443,851         87,592,538
   Net transfers (including                                                                                   
     fixed account).................       22,725,751       (59,209,096)       (28,396,613)       (79,068,221)
   Contract charges.................     (32,993,340)       (32,368,642)       (11,031,467)       (11,140,623)
   Transfers for contract benefits                                                                            
     and terminations...............    (251,727,103)      (202,785,252)       (98,016,265)       (80,281,104)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from contract                                                                                         
        transactions................    (102,451,251)      (104,084,549)       (58,000,494)       (82,897,410)
                                     ----------------  -----------------  -----------------  -----------------
     Net increase (decrease)                                                                                  
        in net assets...............      535,811,737        317,143,651        309,422,055        125,047,909
NET ASSETS:                                                                                                   
   Beginning of year................    3,918,217,622      3,601,073,971      1,645,757,850      1,520,709,941
                                     ----------------  -----------------  -----------------  -----------------
   End of year...................... $  4,454,029,359  $   3,918,217,622  $   1,955,179,905  $   1,645,757,850
                                     ================  =================  =================  =================



                                           MSF METLIFE STOCK INDEX               MSF MFS TOTAL RETURN         
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                     -----------------------------------  ----------------------------------- 
                                           2013               2012              2013               2012       
                                     ----------------  -----------------  -----------------  ---------------- 
                                                                                                              
INCREASE (DECREASE) IN                                                                                        
   NET ASSETS:                                                                                                
FROM OPERATIONS:                                                                                              
   Net investment income                                                                                      
     (loss)......................... $     15,015,370  $      11,703,808  $       1,846,161  $      2,132,285 
   Net realized gains (losses)......      122,276,005         44,767,466          1,806,017            58,717 
   Change in unrealized gains                                                                                 
     (losses) on investments........      615,191,392        291,800,764         19,903,247        11,139,859 
                                     ----------------  -----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from operations.............      752,482,767        348,272,038         23,555,425        13,330,861 
                                     ----------------  -----------------  -----------------  ---------------- 
CONTRACT TRANSACTIONS:                                                                                        
   Purchase payments received                                                                                 
     from contract owners...........       90,763,567         90,668,945          6,196,396         6,381,015 
   Net transfers (including                                                                                   
     fixed account).................    (141,268,047)       (82,985,870)          1,108,601       (1,660,593) 
   Contract charges.................      (6,950,219)        (6,748,459)          (411,568)         (409,180) 
   Transfers for contract benefits                                                                            
     and terminations...............    (252,951,970)      (240,389,751)       (13,673,427)      (14,171,809) 
                                     ----------------  -----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from contract                                                                                         
        transactions................    (310,406,669)      (239,455,135)        (6,779,998)       (9,860,567) 
                                     ----------------  -----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                  
        in net assets...............      442,076,098        108,816,903         16,775,427         3,470,294 
NET ASSETS:                                                                                                   
   Beginning of year................    2,620,060,354      2,511,243,451        138,805,577       135,335,283 
                                     ----------------  -----------------  -----------------  ---------------- 
   End of year...................... $  3,062,136,452  $   2,620,060,354  $     155,581,004  $    138,805,577 
                                     ================  =================  =================  ================ 



                                                 MSF MFS VALUE                                                
                                              INVESTMENT DIVISION                                             
                                     ------------------------------------                                     
                                            2013               2012                                           
                                     -----------------  -----------------                                     
                                                                                                              
INCREASE (DECREASE) IN                                                                                        
   NET ASSETS:                                                                                                
FROM OPERATIONS:                                                                                              
   Net investment income                                                                                      
     (loss)......................... $         424,178  $       1,569,980                                     
   Net realized gains (losses)......        43,830,921          5,666,251                                     
   Change in unrealized gains                                                                                 
     (losses) on investments........        75,196,503         32,844,990                                     
                                     -----------------  -----------------                                     
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from operations.............       119,451,602         40,081,221                                     
                                     -----------------  -----------------                                     
CONTRACT TRANSACTIONS:                                                                                        
   Purchase payments received                                                                                 
     from contract owners...........        20,357,935         14,849,756                                     
   Net transfers (including                                                                                   
     fixed account).................       126,656,489        (3,944,431)                                     
   Contract charges.................       (1,536,046)          (989,870)                                     
   Transfers for contract benefits                                                                            
     and terminations...............      (39,225,336)       (27,089,474)                                     
                                     -----------------  -----------------                                     
     Net increase (decrease)                                                                                  
        in net assets resulting                                                                               
        from contract                                                                                         
        transactions................       106,253,042       (17,174,019)                                     
                                     -----------------  -----------------                                     
     Net increase (decrease)                                                                                  
        in net assets...............       225,704,644         22,907,202                                     
NET ASSETS:                                                                                                   
   Beginning of year................       293,940,083        271,032,881                                     
                                     -----------------  -----------------                                     
   End of year...................... $     519,644,727  $     293,940,083                                     
                                     =================  =================                                     

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONTINUED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]


                                            MSF MSCI EAFE INDEX             MSF NEUBERGER BERMAN GENESIS     
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013               2012              2013               2012       
                                    -----------------  ----------------  -----------------  ---------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $       8,349,354  $      7,390,274  $     (2,035,531)  $    (2,623,767) 
   Net realized gains (losses).....         5,250,191       (2,119,320)          1,789,466       (7,774,684) 
   Change in unrealized gains                                                                                
     (losses) on investments.......        79,027,830        66,509,457        101,338,965        31,782,193 
                                    -----------------  ----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............        92,627,375        71,780,411        101,092,900        21,383,742 
                                    -----------------  ----------------  -----------------  ---------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        27,596,300        28,464,168          9,465,954         8,111,926 
   Net transfers (including                                                                                  
     fixed account)................      (19,089,085)      (14,832,837)         35,677,138      (10,762,557) 
   Contract charges................       (2,090,273)       (1,985,135)          (646,298)         (481,774) 
   Transfers for contract benefits                                                                           
     and terminations..............      (40,776,046)      (35,302,974)       (31,862,350)      (27,373,516) 
                                    -----------------  ----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (34,359,104)      (23,656,778)         12,634,444      (30,505,921) 
                                    -----------------  ----------------  -----------------  ---------------- 
     Net increase (decrease)                                                                                 
        in net assets..............        58,268,271        48,123,633        113,727,344       (9,122,179) 
NET ASSETS:                                                                                                  
   Beginning of year...............       476,584,802       428,461,169        254,522,484       263,644,663 
                                    -----------------  ----------------  -----------------  ---------------- 
   End of year..................... $     534,853,073  $    476,584,802  $     368,249,828  $    254,522,484 
                                    =================  ================  =================  ================ 


                                                                                   MSF T. ROWE PRICE         
                                           MSF RUSSELL 2000 INDEX                  LARGE CAP GROWTH          
                                             INVESTMENT DIVISION                  INVESTMENT DIVISION        
                                    ------------------------------------  -----------------------------------
                                          2013                2012              2013               2012      
                                    -----------------  -----------------  ----------------  -----------------
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $         587,127  $       (615,070)  $    (3,663,185)  $     (2,349,685)
   Net realized gains (losses).....        13,580,422          4,517,799        11,865,119          7,734,292
   Change in unrealized gains                                                                                
     (losses) on investments.......        82,496,980         32,651,591        98,916,181         24,747,725
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............        96,664,529         36,554,320       107,118,115         30,132,332
                                    -----------------  -----------------  ----------------  -----------------
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........        18,233,112         15,375,496        17,003,634          8,872,447
   Net transfers (including                                                                                  
     fixed account)................      (11,989,130)        (9,049,918)       136,427,169          3,361,951
   Contract charges................         (851,036)          (763,111)         (881,781)          (398,694)
   Transfers for contract benefits                                                                           
     and terminations..............      (27,137,474)       (22,646,386)      (28,636,353)       (20,579,760)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (21,744,528)       (17,083,919)       123,912,669        (8,744,056)
                                    -----------------  -----------------  ----------------  -----------------
     Net increase (decrease)                                                                                 
        in net assets..............        74,920,001         19,470,401       231,030,784         21,388,276
NET ASSETS:                                                                                                  
   Beginning of year...............       272,948,994        253,478,593       196,268,660        174,880,384
                                    -----------------  -----------------  ----------------  -----------------
   End of year..................... $     347,868,995  $     272,948,994  $    427,299,444  $     196,268,660
                                    =================  =================  ================  =================


                                             MSF T. ROWE PRICE                       MSF VAN ECK             
                                             SMALL CAP GROWTH                 GLOBAL NATURAL RESOURCES       
                                            INVESTMENT DIVISION                  INVESTMENT DIVISION         
                                    -----------------------------------  ----------------------------------- 
                                          2013              2012               2013              2012        
                                    ----------------  -----------------  ----------------  ----------------- 
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $    (3,348,828)  $     (3,527,758)  $      (253,758)  $       (502,111) 
   Net realized gains (losses).....       29,802,052         36,244,125         (557,122)          2,207,476 
   Change in unrealized gains                                                                                
     (losses) on investments.......       93,061,343          5,484,801         4,663,443          (930,623) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............      119,514,567         38,201,168         3,852,563            774,742 
                                    ----------------  -----------------  ----------------  ----------------- 
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........       16,773,620         13,711,065           874,154          2,071,819 
   Net transfers (including                                                                                  
     fixed account)................        1,958,661        (7,211,093)       (2,353,814)          4,288,138 
   Contract charges................        (865,626)          (758,758)         (442,707)          (441,040) 
   Transfers for contract benefits                                                                           
     and terminations..............     (26,787,626)       (24,156,578)       (1,600,948)        (1,198,738) 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (8,920,971)       (18,415,364)       (3,523,315)          4,720,179 
                                    ----------------  -----------------  ----------------  ----------------- 
     Net increase (decrease)                                                                                 
        in net assets..............      110,593,596         19,785,804           329,248          5,494,921 
NET ASSETS:                                                                                                  
   Beginning of year...............      284,907,213        265,121,409        41,078,664         35,583,743 
                                    ----------------  -----------------  ----------------  ----------------- 
   End of year..................... $    395,500,809  $     284,907,213  $     41,407,912  $      41,078,664 
                                    ================  =================  ================  ================= 


                                        MSF WESTERN ASSET MANAGEMENT                                         
                                        STRATEGIC BOND OPPORTUNITIES                                         
                                             INVESTMENT DIVISION                                             
                                    -----------------------------------                                      
                                           2013              2012                                            
                                    -----------------  ----------------                                      
                                                                                                             
INCREASE (DECREASE) IN                                                                                       
   NET ASSETS:                                                                                               
FROM OPERATIONS:                                                                                             
   Net investment income                                                                                     
     (loss)........................ $       8,870,490  $      5,589,302                                      
   Net realized gains (losses).....         3,349,948         3,195,133                                      
   Change in unrealized gains                                                                                
     (losses) on investments.......      (13,236,125)        15,183,806                                      
                                    -----------------  ----------------                                      
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from operations............       (1,015,687)        23,968,241                                      
                                    -----------------  ----------------                                      
CONTRACT TRANSACTIONS:                                                                                       
   Purchase payments received                                                                                
     from contract owners..........         7,620,776         7,182,614                                      
   Net transfers (including                                                                                  
     fixed account)................       (1,577,447)         3,236,689                                      
   Contract charges................         (575,729)         (627,965)                                      
   Transfers for contract benefits                                                                           
     and terminations..............      (27,804,547)      (28,542,548)                                      
                                    -----------------  ----------------                                      
     Net increase (decrease)                                                                                 
        in net assets resulting                                                                              
        from contract                                                                                        
        transactions...............      (22,336,947)      (18,751,210)                                      
                                    -----------------  ----------------                                      
     Net increase (decrease)                                                                                 
        in net assets..............      (23,352,634)         5,217,031                                      
NET ASSETS:                                                                                                  
   Beginning of year...............       254,116,128       248,899,097                                      
                                    -----------------  ----------------                                      
   End of year..................... $     230,763,494  $    254,116,128                                      
                                    =================  ================                                      

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E    
OF METROPOLITAN LIFE INSURANCE COMPANY    
STATEMENTS OF CHANGES IN NET ASSETS -- (CONCLUDED)    
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012    

                                                        [Enlarge/Download Table]

                                                                                                          MSF WESTERN ASSET        
                                                                                                     MANAGEMENT U.S. GOVERNMENT    
                                                                                                         INVESTMENT DIVISION       
                                                                                                 ----------------------------------
                                                                                                       2013              2012      
                                                                                                 ----------------  ----------------
                                                                                                                                   
INCREASE (DECREASE) IN                                                                                                             
   NET ASSETS:                                                                                                                     
FROM OPERATIONS:                                                                                                                   
   Net investment income                                                                                                           
     (loss)..................................................................................... $      1,564,237  $      1,501,349
   Net realized gains (losses)..................................................................           19,271           350,010
   Change in unrealized gains                                                                                                      
     (losses) on investments....................................................................      (6,374,574)         2,356,488
                                                                                                 ----------------  ----------------
     Net increase (decrease)                                                                                                       
        in net assets resulting                                                                                                    
        from operations.........................................................................      (4,791,066)         4,207,847
                                                                                                 ----------------  ----------------
CONTRACT TRANSACTIONS:                                                                                                             
   Purchase payments received                                                                                                      
     from contract owners.......................................................................        7,309,411        10,479,429
   Net transfers (including                                                                                                        
     fixed account).............................................................................        1,521,176         4,251,221
   Contract charges.............................................................................      (1,010,408)       (1,091,350)
   Transfers for contract benefits                                                                                                 
     and terminations...........................................................................     (20,411,075)      (23,308,896)
                                                                                                 ----------------  ----------------
     Net increase (decrease)                                                                                                       
        in net assets resulting                                                                                                    
        from contract                                                                                                              
        transactions............................................................................     (12,590,896)       (9,669,596)
                                                                                                 ----------------  ----------------
     Net increase (decrease)                                                                                                       
        in net assets...........................................................................     (17,381,962)       (5,461,749)
NET ASSETS:                                                                                                                        
   Beginning of year............................................................................      229,960,732       235,422,481
                                                                                                 ----------------  ----------------
   End of year.................................................................................. $    212,578,770  $    229,960,732
                                                                                                 ================  ================

(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

The accompanying notes are an integral part of these financial statements.    

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METROPOLITAN LIFE SEPARATE ACCOUNT E                
OF METROPOLITAN LIFE INSURANCE COMPANY                
NOTES TO THE FINANCIAL STATEMENTS               

1.  ORGANIZATION                                                                

Metropolitan Life Separate Account E (the "Separate Account"), a separate       
account of Metropolitan Life Insurance Company (the "Company"), was established 
by the Company's Board of Directors on September 27, 1983 to support operations 
of the Company with respect to certain variable annuity contracts (the          
"Contracts"). The Company is a direct wholly-owned subsidiary of MetLife, Inc., 
a Delaware corporation. The Separate Account is registered as a unit investment 
trust under the Investment Company Act of 1940, as amended, and exists in       
accordance with the regulations of the New York State Department of Financial   
Services.                                                                       

The Separate Account is divided into Investment Divisions, each of which is     
treated as an individual accounting entity for financial reporting purposes.    
Each Investment Division invests in shares of the corresponding fund, series,   
or portfolio (with the same name) of registered investment management companies 
(the "Trusts"), which are presented below:                                      

                                                        [Enlarge/Download Table]
                                                                                                
American Funds Insurance Series ("American Funds")     Legg Mason Partners Variable Equity Trust
Calvert Variable Series, Inc. ("Calvert")                ("LMPVET")                             
Delaware VIP Trust ("Delaware VIP")                    Legg Mason Partners Variable Income Trust
Fidelity Variable Insurance Products ("Fidelity VIP")    ("LMPVIT")                             
Franklin Templeton Variable Insurance Products Trust   Met Investors Series Trust ("MIST")*     
   ("FTVIPT")                                          Metropolitan Series Fund ("MSF")*        
Janus Aspen Series ("Janus Aspen")                                                              

*See Note 5 for a discussion of additional information on related party         
transactions.                                                           

The assets of each of the Investment Divisions of the Separate Account are      
registered in the name of the Company. Under applicable insurance law, the      
assets and liabilities of the Separate Account are clearly identified and       
distinguished from the Company's other assets and liabilities. The portion of   
the Separate Account's assets applicable to the Contracts is not chargeable     
with liabilities arising out of any other business the Company may conduct.     

2.  LIST OF INVESTMENT DIVISIONS                                                

A. Purchase payments, less any applicable charges, applied to the Separate      
Account are invested in one or more Investment Divisions in accordance with the 
selection made by the contract owner. The following Investment Divisions had    
net assets as of December 31, 2013:                                             

                                                        [Enlarge/Download Table]
                                                                                                       
American Funds Bond Investment Division            MIST American Funds Growth Allocation Investment    
American Funds Global Small Capitalization           Division (a)                                      
   Investment Division                             MIST American Funds Growth Investment Division      
American Funds Growth Investment Division          MIST American Funds Moderate Allocation             
American Funds Growth-Income Investment Division     Investment Division (a)                           
Calvert VP SRI Balanced Investment Division        MIST AQR Global Risk Balanced Investment Division   
Calvert VP SRI Mid Cap Growth Investment Division  MIST BlackRock Global Tactical Strategies Investment
Fidelity VIP Equity-Income Investment Division       Division                                          
Fidelity VIP FundsManager 50% Investment Division  MIST BlackRock Large Cap Core Investment            
Fidelity VIP FundsManager 60% Investment Division    Division (a)                                      
Fidelity VIP Growth Investment Division            Variable B Investment Division (c)                  
Fidelity VIP Investment Grade Bond Investment      Variable C Investment Division (c)                  
   Division                                        MIST Clarion Global Real Estate Investment          
Fidelity VIP Money Market Investment Division (a)    Division (a)                                      
MIST AllianceBernstein Global Dynamic Allocation   MIST ClearBridge Aggressive Growth II Investment    
   Investment Division                               Division (a)                                      
MIST American Funds Balanced Allocation            MIST ClearBridge Aggressive Growth Investment       
   Investment Division (a)                           Division (a)                                      

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

2. LIST OF INVESTMENT DIVISIONS -- (CONTINUED)                                  

                                                        [Enlarge/Download Table]
                                                                                                      
MIST Harris Oakmark International Investment        MIST SSgA Growth and Income ETF Investment        
   Division (a)                                       Division (a)                                    
MIST Invesco Balanced-Risk Allocation Investment    MIST SSgA Growth ETF Investment Division (a)      
   Division                                         MIST T. Rowe Price Mid Cap Growth Investment      
MIST Invesco Mid Cap Value Investment Division (a)    Division (a)                                    
MIST Invesco Small Cap Growth Investment            MIST Third Avenue Small Cap Value Investment      
   Division (a)                                       Division                                        
MIST JPMorgan Core Bond Investment Division         MSF Baillie Gifford International Stock Investment
MIST JPMorgan Global Active Allocation Investment     Division (a)                                    
   Division                                         MSF Barclays Aggregate Bond Index Investment      
MIST JPMorgan Small Cap Value Investment              Division (a)                                    
   Division (a)                                     MSF BlackRock Bond Income Investment Division (a) 
MIST Loomis Sayles Global Markets Investment        MSF BlackRock Capital Appreciation Investment     
   Division                                           Division (a)                                    
MIST Lord Abbett Bond Debenture Investment          MSF BlackRock Diversified Investment Division (a) 
   Division (a)                                     MSF BlackRock Large Cap Value Investment          
MIST Met/Eaton Vance Floating Rate Investment         Division (a)                                    
   Division                                         MSF BlackRock Money Market Investment             
MIST Met/Franklin Low Duration Total Return           Division (a)                                    
   Investment Division                              MSF Davis Venture Value Investment Division (a)   
MIST Met/Templeton International Bond Investment    MSF Frontier Mid Cap Growth Investment            
   Division                                           Division (a)                                    
MIST MetLife Aggressive Strategy Investment         MSF Jennison Growth Investment Division (a)       
   Division (a)                                     MSF Loomis Sayles Small Cap Core Investment       
MIST MetLife Balanced Plus Investment Division        Division (a)                                    
MIST MetLife Growth Strategy Investment             MSF Loomis Sayles Small Cap Growth Investment     
   Division (b)                                       Division (a)                                    
MIST MetLife Multi-Index Targeted Risk Investment   MSF Met/Artisan Mid Cap Value Investment          
   Division                                           Division (a)                                    
MIST MFS Emerging Markets Equity Investment         MSF Met/Dimensional International Small Company   
   Division (a)                                       Investment Division                             
MIST MFS Research International Investment          MSF MetLife Conservative Allocation Investment    
   Division (a)                                       Division (a)                                    
MIST Morgan Stanley Mid Cap Growth Investment       MSF MetLife Conservative to Moderate Allocation   
   Division (a)                                       Investment Division (a)                         
MIST Oppenheimer Global Equity Investment           MSF MetLife Mid Cap Stock Index Investment        
   Division (a)                                       Division (a)                                    
MIST PIMCO Inflation Protected Bond Investment      MSF MetLife Moderate Allocation Investment        
   Division (a)                                       Division (a)                                    
MIST PIMCO Total Return Investment Division (a)     MSF MetLife Moderate to Aggressive Allocation     
MIST Pioneer Strategic Income Investment              Investment Division (a)                         
   Division (a)                                     MSF MetLife Stock Index Investment Division (a)   
MIST Pyramis Government Income Investment           MSF MFS Total Return Investment Division (a)      
   Division                                         MSF MFS Value Investment Division (a)             
MIST Pyramis Managed Risk Investment Division (b)   MSF MSCI EAFE Index Investment Division (a)       
MIST Schroders Global Multi-Asset Investment        MSF Neuberger Berman Genesis Investment           
   Division                                           Division (a)                                    
                                                    MSF Russell 2000 Index Investment Division (a)    

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

2.  LIST OF INVESTMENT DIVISIONS -- (CONCLUDED)                                 

                                                        [Enlarge/Download Table]
                                                                                             
MSF T. Rowe Price Large Cap Growth Investment    MSF Western Asset Management Strategic Bond 
   Division (a)                                    Opportunities Investment Division (a)     
MSF T. Rowe Price Small Cap Growth Investment    MSF Western Asset Management U.S. Government
   Division (a)                                    Investment Division (a)                   
MSF Van Eck Global Natural Resources Investment                                              
   Division                                                                                  

(a) This Investment Division invests in two or more share classes within the    
underlying fund, series, or portfolio of the Trusts.                    
(b) This Investment Division began operations during the year ended December    
31, 2013.                                                               
(c) Variable B Investment Division and Variable C Investment Division only      
invest in the (MIST) BlackRock Large Cap Core Portfolio.                

B. The following Investment Divisions had no net assets as of December 31,      
2013:                                                                           

                                                        [Enlarge/Download Table]
                                                                                                      
American Funds Global Growth Investment Division*  LMPVET ClearBridge Variable Large Cap Growth       
Delaware VIP Small Cap Value Investment Division*    Investment Division*                             
Fidelity VIP Contrafund Investment Division*       LMPVET ClearBridge Variable Small Cap Growth       
Fidelity VIP Mid Cap Investment Division*            Investment Division*                             
FTVIPT Templeton Developing Markets Securities     LMPVET Investment Counsel Variable Social          
   Investment Division*                              Awareness Investment Division*                   
FTVIPT Templeton Foreign Securities Investment     LMPVIT Western Asset Variable High Income          
   Division*                                         Investment Division*                             
Janus Aspen Enterprise Investment Division*        MIST BlackRock High Yield Investment Division*     
LMPVET ClearBridge Variable All Cap Value          MIST Invesco Comstock Investment Division*         
   Investment Division*                            MIST MetLife Defensive Strategy Investment Division
LMPVET ClearBridge Variable Appreciation           MIST Pioneer Fund Investment Division*             
   Investment Division*                            MIST T. Rowe Price Large Cap Value Investment      
LMPVET ClearBridge Variable Equity Income            Division*                                        
   Investment Division*                            Variable D Investment Division                     

*This Investment Division commenced on December 13, 2013.                       

3.  PORTFOLIO CHANGES                                                           

The following Investment Divisions ceased operations during the year ended      
December 31, 2013:                                                              

                                                        [Enlarge/Download Table]
                                                                                                
MIST Met/Franklin Income Investment Division   MIST MLA Mid Cap Investment Division             
MIST Met/Franklin Mutual Shares Investment     MIST RCM Technology Investment Division          
   Division                                    MSF FI Value Leaders Investment Division         
MIST Met/Franklin Templeton Founding Strategy  MSF Oppenheimer Global Equity Investment Division
   Investment Division                         MSF Zenith Equity Investment Division            

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

3.  PORTFOLIO CHANGES -- (CONCLUDED)                                            

The operations of the Investment Divisions were affected by the following       
changes that occurred during the year ended December 31, 2013:                  

NAME CHANGES:                                                                   

                                                        [Enlarge/Download Table]
                                                                                                    
Former Name                                        New Name                                         

(MIST) American Funds Bond Portfolio               (MIST) JPMorgan Core Bond Portfolio              
(MIST) Dreman Small Cap Value Portfolio            (MIST) JPMorgan Small Cap Value Portfolio        
(MIST) Janus Forty Portfolio                       (MIST) ClearBridge Aggressive Growth Portfolio II
(MIST) Legg Mason ClearBridge Aggressive Growth    (MIST) ClearBridge Aggressive Growth Portfolio   
   Portfolio                                                                                        
(MIST) Lord Abbett Mid Cap Value Portfolio         (MIST) Invesco Mid Cap Value Portfolio           
(MIST) Met/Templeton Growth Portfolio (a)          (MIST) Oppenheimer Global Equity Portfolio (a)   
(MSF) Barclays Capital Aggregate Bond Index        (MSF) Barclays Aggregate Bond Index Portfolio    
   Portfolio                                                                                        
(MSF) BlackRock Aggressive Growth Portfolio        (MSF) Frontier Mid Cap Growth Portfolio          
(MSF) BlackRock Legacy Large Cap Growth Portfolio  (MSF) BlackRock Capital Appreciation Portfolio   

MERGERS:                                                                        

                                                        [Enlarge/Download Table]
                                                                                               
Former Portfolio                                 New Portfolio                                 

(MIST) Met/Franklin Income Portfolio             (MIST) Loomis Sayles Global Markets Portfolio 
(MIST) Met/Franklin Mutual Shares Portfolio      (MSF) MFS Value Portfolio                     
(MIST) Met/Franklin Templeton Founding Strategy  (MIST) MetLife Growth Strategy Portfolio      
   Portfolio                                                                                   
(MIST) MLA Mid Cap Portfolio                     (MSF) Neuberger Berman Genesis Portfolio      
(MIST) RCM Technology Portfolio                  (MSF) T. Rowe Price Large Cap Growth Portfolio
(MSF) FI Value Leaders Portfolio                 (MSF) MFS Value Portfolio                     
(MSF) Oppenheimer Global Equity Portfolio (a)    (MIST) Met/Templeton Growth Portfolio (a)     
(MSF) Zenith Equity Portfolio                    (MIST) MetLife Aggressive Strategy Portfolio  

(a) At the close of business on April 26, 2013, the (MSF) Oppenheimer Global    
Equity Portfolio merged with and into the (MIST) Met/Templeton Growth   
Portfolio. Concurrently, OppenheimerFunds, Inc. became the subadviser of
the (MIST) Met/Templeton Growth Portfolio, the portfolio's investment   
  objective and principal investment strategies changed, and the portfolio's
   name was changed to (MIST) Oppenheimer Global Equity Portfolio. Pursuant to
  these changes, the (MSF) Oppenheimer Global Equity Portfolio was deemed to
be the accounting and performance survivor of the merger for financial  
 reporting purposes, and therefore, the results of MIST Oppenheimer Global
Equity Investment Division presented in the financial statements reflect
   the historical results of MSF Oppenheimer Global Equity Investment Division
prior to the merger, and the combined results thereafter.               

4.  SIGNIFICANT ACCOUNTING POLICIES                                             

BASIS OF ACCOUNTING                                                             
The financial statements have been prepared in accordance with accounting       
principles generally accepted in the United States of America ("GAAP")          
applicable for variable annuity separate accounts registered as unit investment 
trusts.                                                                         

SECURITY TRANSACTIONS                                                           
Security transactions are recorded on a trade date basis. Realized gains and    
losses on the sales of investments are computed on the basis of the average     
cost of the investment sold. Income from dividends and realized gain            
distributions are recorded on the ex-distribution date.                         

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

4.  SIGNIFICANT ACCOUNTING POLICIES -- (CONTINUED)                              

SECURITY VALUATION                                                              
An Investment Division's investment in shares of a fund, series, or portfolio   
of the Trusts is valued at fair value based on the closing net asset value      
("NAV") or price per share as determined by the Trusts as of the end of the     
year. All changes in fair value are recorded as changes in unrealized gains     
(losses) on investments in the statements of operations of the applicable       
Investment Divisions.                                                           

The Separate Account defines fair value as the price that would be received to  
sell an asset or paid to transfer a liability (an exit price) in the principal  
or most advantageous market for the asset or liability in an orderly            
transaction between market participants on the measurement date. The Separate   
Account prioritizes the inputs to fair valuation techniques and allows for the  
use of unobservable inputs to the extent that observable inputs are not         
available. The Separate Account has categorized its assets based on the         
priority of the inputs to the respective valuation technique. The fair value    
hierarchy gives the highest priority to quoted prices in active markets for     
identical assets (Level 1) and the lowest priority to unobservable inputs       
(Level 3). An asset's classification within the fair value hierarchy is based   
on the lowest level of significant input to its valuation. The input levels are 
as follows:                                                                     

Level 1   Unadjusted quoted prices in active markets for identical assets that  
the Separate Account has the ability to access.             
Level 2   Observable inputs other than quoted prices in Level 1 that are        
      observable either directly or indirectly. These inputs may include
       quoted prices for the identical instrument on an inactive market or
prices for similar instruments.                             
Level 3   Unobservable inputs that are supported by little or no market         
 activity and are significant to the fair value of the assets,
 representing the Separate Account's own assumptions about the
        assumptions a market participant would use in valuing the asset, and
based on the best information available.                    

Each Investment Division invests in shares of open-end mutual funds which       
calculate a daily NAV based on the fair value of the underlying securities in   
their portfolios. As a result, and as required by law, shares of open-end       
mutual funds are purchased and redeemed at their quoted daily NAV as reported   
by the Trusts at the close of each business day. On that basis, the inputs used 
to value all shares held by the Separate Account, which are measured at fair    
value on a recurring basis, are classified as Level 2. There were no transfers  
between Level 1 and Level 2, and no activity in Level 3 during the year.        

FEDERAL INCOME TAXES                                                            
The operations of the Separate Account form a part of the total operations of   
the Company and are not taxed separately. The Company is taxed as a life        
insurance company under the provisions of the Internal Revenue Code ("IRC").    
Under the current provisions of the IRC, the Company does not expect to incur   
federal income taxes on the earnings of the Separate Account to the extent the  
earnings are credited under the Contracts. Accordingly, no charge is currently  
being made to the Separate Account for federal income taxes. The Company will   
periodically review the status of this policy in the event of changes in the    
tax law. A charge may be made in future years for any federal income taxes that 
would be attributable to the Contracts.                                         

ANNUITY PAYOUTS                                                                 
Net assets allocated to Contracts in the payout period are computed according   
to industry standard mortality tables. The assumed investment return is between 
3.0 and 6.0 percent. The mortality risk is fully borne by the Company and may   
result in additional amounts being transferred into the Separate Account by the 
Company to cover greater longevity of annuitants than expected. Conversely, if  
amounts allocated exceed amounts required, transfers may be made to the         
Company.                                                                        

PURCHASE PAYMENTS                                                               
Purchase payments received from contract owners by the Company are credited as  
accumulation units as of the end of the valuation period in which received, as  
provided in the prospectus of the Contracts, and are reported as contract       
transactions on the statements of changes in net assets of the applicable       
Investment Divisions.                                                           

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

4.  SIGNIFICANT ACCOUNTING POLICIES -- (CONCLUDED)                              

NET TRANSFERS                                                                   
Funds transferred by the contract owner into or out of Investment Divisions     
within the Separate Account or into or out of the fixed account, which is part  
the Company's general account, are recorded on a net basis as net transfers in  
the statements of changes in net assets of the applicable Investment            
Divisions.                                                                      

USE OF ESTIMATES                                                                
The preparation of financial statements in accordance with GAAP requires        
management to make estimates and assumptions that affect amounts reported       
herein. Actual results could differ from these estimates.                       

5.  EXPENSES AND RELATED PARTY TRANSACTIONS                                     

The following annual Separate Account charges paid to the Company are           
asset-based charges and assessed through a daily reduction in unit values,      
which are recorded as expenses in the accompanying statements of operations of  
the applicable Investment Divisions:                                            

   Mortality and Expense Risk -- The mortality risk assumed by the Company
is the risk that those insured may die sooner than anticipated and  
 therefore, the Company will pay an aggregate amount of death benefits
greater than anticipated. The expense risk assumed is the risk that 
    expenses incurred in issuing and administering the Contracts will exceed
     the amounts realized from the administrative charges assessed against the
   Contracts. In addition, the charge compensates the Company for the risk
     that the investor may live longer than estimated and the Company would be
obligated to pay more in income payments than anticipated.          

   Administrative -- The Company has responsibility for the administration
    of the Contracts and the Separate Account. Generally, the administrative
 charge is related to the maintenance, including distribution, of each
contract and the Separate Account.                                  

  Earnings Preservation Benefit -- For an additional charge, the Company
will provide this additional death benefit.                         

Enhanced Stepped-Up Provision -- For an additional charge, the total
death benefit payable may be increased based on the greater of the  
account balance or highest annual contract anniversary value in the 
     contract or the greater of the account balance, annual increase amount or
highest annual contract anniversary value in the contract.          

    Guaranteed Withdrawal Benefit for Life -- For a charge that includes the
  Mortality and Expense Risk charge and a guaranteed withdrawal benefit,
     the Company will guarantee the periodic return on the investment for life
of a single annuitant or joint annuitants.                          

   The table below represents the range of effective annual rates for each
respective charge for the year ended December 31, 2013.             

                                                        [Enlarge/Download Table]
                                                                                                                            
----------------------------------------------------------------------------------------------------------------------------
 Mortality and Expense Risk                                                                                 0.00% - 2.05%   
----------------------------------------------------------------------------------------------------------------------------
 Administrative                                                                                             0.20% - 0.50%   
----------------------------------------------------------------------------------------------------------------------------
 Earnings Preservation Benefit                                                                              0.25%           
----------------------------------------------------------------------------------------------------------------------------
 Enhanced Stepped-Up Provision                                                                              0.10% - 0.35%   
----------------------------------------------------------------------------------------------------------------------------
 Guaranteed Withdrawal Benefit for Life                                                                     1.90% - 2.05%   
----------------------------------------------------------------------------------------------------------------------------

    The above referenced charges may not necessarily correspond to the costs
associated with providing the services or benefits indicated by the 
   designation of the charge or associated with a particular contract. The
     range of the effective rates disclosed above excludes any waivers granted
to certain Investment Divisions.                                    

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

5.  EXPENSES AND RELATED PARTY TRANSACTIONS -- (CONCLUDED)                      

The following optional rider charges paid to the Company are charged at each    
contract anniversary date through the redemption of units, which are recorded   
as contract charges in the accompanying statements of changes in net assets of  
the applicable Investment Divisions:                                            

    Guaranteed Minimum Accumulation Benefit -- For an additional charge, the
  Company will guarantee that the contract value will not be less than a
guaranteed minimum amount at the end of a specified number of years.

  Lifetime Withdrawal Guarantee -- For an additional charge, the Company
will guarantee the periodic return on the investment for life.      

  Guaranteed Withdrawal Benefit -- For an additional charge, the Company
will guarantee the periodic return on the investment.               

Guaranteed Minimum Income Benefit -- For an additional charge, the  
Company will guarantee a minimum payment regardless of market       
conditions.                                                         

 Enhanced Death Benefit -- For an additional charge, the amount of the
death benefit will be the greater of the account value or the death 
benefit base.                                                       

   Enhanced Guaranteed Withdrawal Benefit -- For an additional charge, the
Company will guarantee that at least the entire amount of purchase  
payments will be returned through a series of withdrawals without   
annuitizing.                                                        

   The table below represents the range of effective annual rates for each
respective charge for the year ended December 31, 2013:             

                                                        [Enlarge/Download Table]
                                                                                                                         
-------------------------------------------------------------------------------------------------------------------------
 Guaranteed Minimum Accumulation Benefit                                                                 0.75%           
-------------------------------------------------------------------------------------------------------------------------
 Lifetime Withdrawal Guarantee                                                                           0.50% - 1.50%   
-------------------------------------------------------------------------------------------------------------------------
 Guaranteed Withdrawal Benefit                                                                           0.50% - 0.90%   
-------------------------------------------------------------------------------------------------------------------------
 Guaranteed Minimum Income Benefit                                                                       0.35% - 1.00%   
-------------------------------------------------------------------------------------------------------------------------
 Enhanced Death Benefit                                                                                  0.60% - 1.15%   
-------------------------------------------------------------------------------------------------------------------------
 Enhanced Guaranteed Withdrawal Benefit                                                                  0.55%           
-------------------------------------------------------------------------------------------------------------------------

    The above referenced charges may not necessarily correspond to the costs
associated with providing the services or benefits indicated by the 
designation of the charge or associated with a particular contract. 

A contract administrative charge which ranges from $0 to $30 is assessed on an  
annual basis for Contracts, which may be waived if the Contract reaches a       
certain asset size or under certain circumstances. In addition, most Contracts  
impose a surrender charge which ranges from 0% to 10%, if the contract is       
partially or fully surrendered within the specified surrender charge period.    
These charges are paid to the Company, assessed through the redemption of       
units, and recorded as contract charges in the accompanying statements of       
changes in net assets of the applicable Investment Divisions.                   

MetLife Advisers, LLC, which acts in the capacity of investment adviser to the  
portfolios of the MIST and MSF Trusts, is an affiliate of the Company.          

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

6.  STATEMENTS OF INVESTMENTS                                                   

                                                        [Enlarge/Download Table]

                                                                                                     FOR THE YEAR ENDED      
                                                                  AS OF DECEMBER 31, 2013             DECEMBER 31, 2013      
                                                             -------------------------------  -------------------------------
                                                                                                  COST OF         PROCEEDS   
                                                                 SHARES          COST ($)      PURCHASES ($)   FROM SALES ($)
                                                             -------------    --------------  --------------   --------------
                                                                                                                             
American Funds Bond Investment Division.....................    10,651,881       117,605,639      10,751,886       20,064,701
American Funds Global Small Capitalization                                                                                   
  Investment Division.......................................    23,306,987       477,093,440      13,289,083       69,377,669
American Funds Growth Investment Division...................    14,393,296       750,197,264      18,980,390      141,750,677
American Funds Growth-Income Investment Division............    17,192,598       599,135,317      20,331,798      101,467,307
Calvert VP SRI Balanced Investment Division.................    27,793,651        51,899,741       7,125,913        5,761,398
Calvert VP SRI Mid Cap Growth Investment Division...........       376,320        10,645,845       2,079,050        2,194,455
Fidelity VIP Equity-Income Investment Division..............     4,088,579        90,334,463      10,056,766       10,841,902
Fidelity VIP FundsManager 50% Investment Division...........     9,996,683       111,842,254      84,312,932          888,980
Fidelity VIP FundsManager 60% Investment Division...........    24,661,789       240,225,298      13,347,118       15,690,326
Fidelity VIP Growth Investment Division.....................     1,676,809        66,174,309       1,261,645        9,559,425
Fidelity VIP Investment Grade Bond Investment Division......     1,348,223        17,303,401       1,841,236        6,456,491
Fidelity VIP Money Market Investment Division...............    10,057,109        10,057,109      46,240,766       44,908,410
MIST AllianceBernstein Global Dynamic Allocation                                                                             
  Investment Division.......................................   135,685,575     1,378,443,120     298,051,386        6,003,251
MIST American Funds Balanced Allocation                                                                                      
  Investment Division.......................................    70,043,352       629,595,330      85,654,835       40,285,189
MIST American Funds Growth Allocation Investment Division...    35,777,152       289,967,532      50,835,378       25,945,244
MIST American Funds Growth Investment Division..............    29,673,909       246,897,322      23,442,268       33,457,341
MIST American Funds Moderate Allocation                                                                                      
  Investment Division.......................................    87,711,916       803,055,931      80,565,103       70,594,053
MIST AQR Global Risk Balanced Investment Division...........   160,732,325     1,757,270,858     420,247,558      280,510,307
MIST BlackRock Global Tactical Strategies                                                                                    
  Investment Division.......................................   180,256,554     1,782,049,075     301,239,531       29,938,878
MIST BlackRock Large Cap Core Investment Division...........    57,669,735       603,910,836      17,653,243       85,139,632
Variable B Investment Division..............................     1,086,837        11,732,871         934,112        3,070,467
Variable C Investment Division..............................        96,953         1,045,844          17,853          333,932
MIST Clarion Global Real Estate Investment Division.........    22,816,660       288,804,622      36,127,866       19,998,731
MIST ClearBridge Aggressive Growth II Investment Division...     4,438,214       285,517,095      15,784,494       71,072,962
MIST ClearBridge Aggressive Growth Investment Division......    12,905,335       115,854,094      49,925,470       19,296,011
MIST Harris Oakmark International Investment Division.......    31,696,928       445,640,839      52,930,085       59,029,369
MIST Invesco Balanced-Risk Allocation Investment Division...    40,992,359       428,581,627     182,676,827       13,684,952
MIST Invesco Mid Cap Value Investment Division..............    22,985,688       389,202,334      14,071,175       76,202,071
MIST Invesco Small Cap Growth Investment Division...........     2,619,188        35,893,454      10,586,239        9,002,106
MIST JPMorgan Core Bond Investment Division.................     8,751,954        91,839,155      99,248,060       96,381,921
MIST JPMorgan Global Active Allocation Investment Division..    47,766,654       511,310,359     337,701,009               --
MIST JPMorgan Small Cap Value Investment Division...........     1,000,097        13,520,985       1,889,525        3,536,405
MIST Loomis Sayles Global Markets Investment Division.......     8,676,737       111,951,732     106,337,787       21,154,483
MIST Lord Abbett Bond Debenture Investment Division.........    25,250,318       308,333,845      50,635,268       35,194,743
MIST Met/Eaton Vance Floating Rate Investment Division......     1,647,574        17,226,133      11,356,988        1,393,716
MIST Met/Franklin Low Duration Total Return                                                                                  
  Investment Division.......................................     7,647,894        76,308,487      64,353,179        3,010,790
MIST Met/Templeton International Bond Investment Division...       764,350         8,972,499       1,857,007        1,577,163
MIST MetLife Aggressive Strategy Investment Division........    17,015,507       183,700,298     103,486,858       40,470,405
MIST MetLife Balanced Plus Investment Division..............   233,148,999     2,413,407,263     999,566,024               --
MIST MetLife Growth Strategy Investment Division (a)........     6,162,306        75,391,567      80,007,599        4,880,095
MIST MetLife Multi-Index Targeted Risk Investment Division..    23,269,538       253,100,529     246,254,445               --
MIST MFS Emerging Markets Equity Investment Division........     5,175,298        51,385,045       9,518,018        3,970,204
MIST MFS Research International Investment Division.........    21,159,502       236,009,281      13,917,163       30,616,743
MIST Morgan Stanley Mid Cap Growth Investment Division......    24,671,448       253,731,402       7,957,336       53,696,071
MIST Oppenheimer Global Equity Investment Division..........    13,751,884       199,976,387      46,090,251       37,823,047
MIST PIMCO Inflation Protected Bond Investment Division.....    56,664,399       630,084,347      86,247,200      109,072,323
MIST PIMCO Total Return Investment Division.................    99,626,110     1,180,515,070     151,158,117      111,922,196
MIST Pioneer Strategic Income Investment Division...........     6,269,366        68,378,988      13,896,415       11,729,138
MIST Pyramis Government Income Investment Division..........    52,562,450       568,414,785      80,867,438       96,697,323

(a)  For the period April 29, 2013 to December 31, 2013.                        

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

6.  STATEMENTS OF INVESTMENTS -- (CONCLUDED)                                    

                                                        [Enlarge/Download Table]

                                                                                                    FOR THE YEAR ENDED       
                                                                  AS OF DECEMBER 31, 2013            DECEMBER 31, 2013       
                                                             -------------------------------  -------------------------------
                                                                                                  COST OF         PROCEEDS   
                                                                 SHARES          COST ($)      PURCHASES ($)   FROM SALES ($)
                                                             -------------     -------------  --------------   --------------
                                                                                                                             
MIST Pyramis Managed Risk Investment Division (a)...........     5,412,321        55,868,724     56,190,322           327,341
MIST Schroders Global Multi-Asset Investment Division.......    30,935,340       332,496,977    204,090,230           302,436
MIST SSgA Growth and Income ETF Investment Division.........    75,946,343       817,083,121     65,723,454        74,567,230
MIST SSgA Growth ETF Investment Division....................    11,692,790       123,977,748     35,127,426        15,180,834
MIST T. Rowe Price Mid Cap Growth Investment Division.......    33,069,335       284,547,589     41,377,817        36,507,722
MIST Third Avenue Small Cap Value Investment Division.......       806,533        11,840,057      1,623,098         1,117,690
MSF Baillie Gifford International Stock Investment Division.    15,530,776       168,345,441      7,843,001        23,104,489
MSF Barclays Aggregate Bond Index Investment Division.......   109,029,405     1,179,046,245    156,024,811        65,155,196
MSF BlackRock Bond Income Investment Division...............     4,501,770       481,042,298     56,813,677        55,387,226
MSF BlackRock Capital Appreciation Investment Division......     5,075,106       120,250,847      6,190,238        31,534,204
MSF BlackRock Diversified Investment Division...............    33,082,194       542,293,575     19,590,464        77,507,155
MSF BlackRock Large Cap Value Investment Division...........    22,632,225       244,213,910     31,213,729        32,753,696
MSF BlackRock Money Market Investment Division..............       833,851        83,385,119     32,283,141        37,882,838
MSF Davis Venture Value Investment Division.................    15,442,026       453,322,565     26,986,963        88,211,521
MSF Frontier Mid Cap Growth Investment Division.............    14,113,137       320,118,120     20,105,259        61,224,077
MSF Jennison Growth Investment Division.....................    11,301,392       132,341,987     12,147,978        38,256,028
MSF Loomis Sayles Small Cap Core Investment Division........       642,204       138,303,146     23,975,142        25,131,679
MSF Loomis Sayles Small Cap Growth Investment Division......     3,964,436        41,852,080     15,472,365        12,666,263
MSF Met/Artisan Mid Cap Value Investment Division...........     1,015,168       214,037,636     17,079,634        33,596,493
MSF Met/Dimensional International Small Company                                                                              
   Investment Division......................................       351,478         5,022,950      2,203,124         2,082,829
MSF MetLife Conservative Allocation Investment Division.....    45,944,719       503,727,229     51,960,769        97,681,390
MSF MetLife Conservative to Moderate Allocation                                                                              
   Investment Division......................................   114,468,701     1,234,678,141     85,190,046       121,612,299
MSF MetLife Mid Cap Stock Index Investment Division.........    29,058,228       371,574,950     47,962,129        57,338,604
MSF MetLife Moderate Allocation Investment Division.........   325,300,111     3,469,582,009    193,800,047       235,184,352
MSF MetLife Moderate to Aggressive Allocation                                                                                
   Investment Division......................................   136,121,123     1,477,701,222     73,471,264       128,184,757
MSF MetLife Stock Index Investment Division.................    72,885,314     2,163,945,250    121,806,425       373,794,923
MSF MFS Total Return Investment Division....................       962,065       130,921,565     13,150,173        18,084,002
MSF MFS Value Investment Division...........................    29,433,961       418,369,385    518,438,855       401,107,090
MSF MSCI EAFE Index Investment Division.....................    39,189,744       448,736,197     32,489,992        58,499,733
MSF Neuberger Berman Genesis Investment Division............    20,469,440       304,683,091     60,471,455        49,872,526
MSF Russell 2000 Index Investment Division..................    17,738,319       222,786,094     28,719,340        49,876,735
MSF T. Rowe Price Large Cap Growth Investment Division......    17,519,116       280,970,823    165,461,904        45,212,421
MSF T. Rowe Price Small Cap Growth Investment Division......    16,986,046       239,532,830     43,421,759        37,791,459
MSF Van Eck Global Natural Resources Investment Division....     2,932,572        42,459,245      3,208,768         6,985,837
MSF Western Asset Management Strategic Bond Opportunities                                                                    
   Investment Division......................................    17,230,123       213,744,864     26,738,202        40,204,651
MSF Western Asset Management U.S. Government                                                                                 
   Investment Division......................................    17,774,019       214,179,997     16,412,784        27,439,434

(a)  For the period April 29, 2013 to December 31, 2013.                        

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS                                                          
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012:                         

                                                        [Enlarge/Download Table]

                                                                         AMERICAN FUNDS GLOBAL     
                                        AMERICAN FUNDS BOND              SMALL CAPITALIZATION      
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013             2012             2013            2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........       7,263,481        7,776,072       18,635,787       20,869,442
Units issued and transferred                                                                       
   from other funding options...       1,261,173        1,294,094        1,979,526        2,280,060
Units redeemed and transferred                                                                     
   to other funding options.....     (1,905,697)      (1,806,685)      (3,708,141)      (4,513,715)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       6,618,957        7,263,481       16,907,172       18,635,787
                                 ===============  ===============  ===============  ===============


                                                                            AMERICAN FUNDS         
                                       AMERICAN FUNDS GROWTH                 GROWTH-INCOME         
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                      2013              2012             2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........       6,029,312        6,775,576        6,519,347        7,279,154
Units issued and transferred                                                                       
   from other funding options...         503,861          582,815          676,719          845,722
Units redeemed and transferred                                                                     
   to other funding options.....     (1,156,136)      (1,329,079)      (1,298,896)      (1,605,529)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       5,377,037        6,029,312        5,897,170        6,519,347
                                 ===============  ===============  ===============  ===============


                                                                           CALVERT VP SRI          
                                     CALVERT VP SRI BALANCED               MID CAP GROWTH          
                                       INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  --------------------------------
                                      2013             2012             2013              2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........       1,676,537        1,762,417          319,337          338,107
Units issued and transferred                                                                       
   from other funding options...         118,346          152,782           23,005           40,083
Units redeemed and transferred                                                                     
   to other funding options.....       (213,426)        (238,662)         (56,770)         (58,853)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       1,581,457        1,676,537          285,572          319,337
                                 ===============  ===============  ===============  ===============

                                                        [Enlarge/Download Table]


                                    FIDELITY VIP EQUITY-INCOME        FIDELITY VIP FUNDSMANAGER 50%  
                                        INVESTMENT DIVISION                INVESTMENT DIVISION       
                                 ---------------------------------  -------------------------------- 
                                       2013             2012              2013          2012 (a)     
                                 ---------------  ----------------  ---------------  --------------- 

                                                                                                     
Units beginning of year.........       3,911,529         4,479,503        2,486,441               -- 
Units issued and transferred                                                                         
   from other funding options...         184,750           171,820        7,047,593        2,534,046 
Units redeemed and transferred                                                                       
   to other funding options.....       (633,132)         (739,794)        (171,442)         (47,605) 
                                 ---------------  ----------------  ---------------  --------------- 
Units end of year...............       3,463,147         3,911,529        9,362,592        2,486,441 
                                 ===============  ================  ===============  =============== 



                                   FIDELITY VIP FUNDSMANAGER 60%           FIDELITY VIP GROWTH       
                                        INVESTMENT DIVISION                INVESTMENT DIVISION       
                                 ---------------------------------  ---------------------------------
                                       2013              2012             2013              2012     
                                 ----------------  ---------------  ----------------  ---------------

                                                                                                     
Units beginning of year.........       24,954,232       20,820,080         1,633,959        1,783,529
Units issued and transferred                                                                         
   from other funding options...           89,987        5,611,397            63,646           82,916
Units redeemed and transferred                                                                       
   to other funding options.....      (1,013,152)      (1,477,245)         (207,742)        (232,486)
                                 ----------------  ---------------  ----------------  ---------------
Units end of year...............       24,031,067       24,954,232         1,489,863        1,633,959
                                 ================  ===============  ================  ===============


                                      FIDELITY VIP INVESTMENT                 FIDELITY VIP           
                                            GRADE BOND                        MONEY MARKET           
                                        INVESTMENT DIVISION                INVESTMENT DIVISION       
                                 ---------------------------------  ---------------------------------
                                       2013              2012             2013              2012     
                                 ----------------  ---------------  ----------------  ---------------

                                                                                                     
Units beginning of year.........          686,159          691,358           548,892          786,743
Units issued and transferred                                                                         
   from other funding options...           67,669          122,670         8,247,448        7,746,136
Units redeemed and transferred                                                                       
   to other funding options.....        (226,345)        (127,869)       (8,124,747)      (7,983,987)
                                 ----------------  ---------------  ----------------  ---------------
Units end of year...............          527,483          686,159           671,593          548,892
                                 ================  ===============  ================  ===============

                                                        [Enlarge/Download Table]

                                     MIST ALLIANCEBERNSTEIN               MIST AMERICAN FUNDS      
                                    GLOBAL DYNAMIC ALLOCATION             BALANCED ALLOCATION      
                                       INVESTMENT DIVISION                INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                      2013              2012             2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........     110,036,076       49,226,036       63,563,060       64,521,397
Units issued and transferred                                                                       
   from other funding options...      39,287,576       66,910,567        6,149,066        6,555,285
Units redeemed and transferred                                                                     
   to other funding options.....    (15,412,324)      (6,100,527)      (6,171,258)      (7,513,622)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............     133,911,328      110,036,076       63,540,868       63,563,060
                                 ===============  ===============  ===============  ===============


                                        MIST AMERICAN FUNDS                  MIST AMERICAN         
                                         GROWTH ALLOCATION                   FUNDS GROWTH          
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013             2012             2013            2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      32,742,900       34,204,304       30,680,594       30,941,763
Units issued and transferred                                                                       
   from other funding options...       4,646,604        4,136,839        3,889,909        5,324,914
Units redeemed and transferred                                                                     
   to other funding options.....     (4,186,400)      (5,598,243)      (5,963,561)      (5,586,083)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      33,203,104       32,742,900       28,606,942       30,680,594
                                 ===============  ===============  ===============  ===============


                                       MIST AMERICAN FUNDS                 MIST AQR GLOBAL         
                                       MODERATE ALLOCATION                  RISK BALANCED          
                                       INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  --------------------------------
                                      2013             2012             2013             2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      82,535,523       85,202,020      149,868,893       56,432,487
Units issued and transferred                                                                       
   from other funding options...       5,513,752        7,327,964       52,932,846      100,576,032
Units redeemed and transferred                                                                     
   to other funding options.....     (9,314,385)      (9,994,461)     (50,072,172)      (7,139,626)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      78,734,890       82,535,523      152,729,567      149,868,893
                                 ===============  ===============  ===============  ===============

                                                        [Enlarge/Download Table]

                                       MIST BLACKROCK GLOBAL                 MIST BLACKROCK          
                                        TACTICAL STRATEGIES                  LARGE CAP CORE          
                                        INVESTMENT DIVISION                INVESTMENT DIVISION       
                                 ---------------------------------  ---------------------------------
                                       2013             2012              2013             2012      
                                 ---------------  ----------------  ---------------  ----------------

                                                                                                     
Units beginning of year.........     155,272,874        74,095,325       18,667,832        20,393,863
Units issued and transferred                                                                         
   from other funding options...      48,288,473        91,329,287        1,338,756         1,856,662
Units redeemed and transferred                                                                       
   to other funding options.....    (26,487,005)      (10,151,738)      (3,061,655)       (3,582,693)
                                 ---------------  ----------------  ---------------  ----------------
Units end of year...............     177,074,342       155,272,874       16,944,933        18,667,832
                                 ===============  ================  ===============  ================



                                            VARIABLE B                        VARIABLE C             
                                        INVESTMENT DIVISION               INVESTMENT DIVISION        
                                 --------------------------------  --------------------------------- 
                                       2013            2012              2013             2012       
                                 ---------------  ---------------  ---------------  ---------------- 

                                                                                                     
Units beginning of year.........          79,487           86,527            6,144             6,155 
Units issued and transferred                                                                         
   from other funding options...           8,226            5,170               --                -- 
Units redeemed and transferred                                                                       
   to other funding options.....        (20,474)         (12,210)          (1,543)              (11) 
                                 ---------------  ---------------  ---------------  ---------------- 
Units end of year...............          67,239           79,487            4,601             6,144 
                                 ===============  ===============  ===============  ================ 


                                           MIST CLARION                    MIST CLEARBRIDGE          
                                        GLOBAL REAL ESTATE               AGGRESSIVE GROWTH II        
                                        INVESTMENT DIVISION               INVESTMENT DIVISION        
                                 --------------------------------  --------------------------------  
                                       2013            2012              2013            2012        
                                 ---------------  ---------------  ---------------  ---------------  

                                                                                                     
Units beginning of year.........      14,778,284       16,016,738        2,129,155        2,221,380  
Units issued and transferred                                                                         
   from other funding options...       3,531,086        2,348,265          295,527          488,726  
Units redeemed and transferred                                                                       
   to other funding options.....     (3,407,071)      (3,586,719)        (560,717)        (580,951)  
                                 ---------------  ---------------  ---------------  ---------------  
Units end of year...............      14,902,299       14,778,284        1,863,965        2,129,155  
                                 ===============  ===============  ===============  ===============  


(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS -- (CONTINUED)                                           
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012:                         

                                                        [Enlarge/Download Table]

                                        MIST CLEARBRIDGE                  MIST HARRIS OAKMARK      
                                        AGGRESSIVE GROWTH                    INTERNATIONAL         
                                       INVESTMENT DIVISION                INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                      2013              2012             2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      10,346,560       10,567,586       22,574,267       24,605,233
Units issued and transferred                                                                       
   from other funding options...       7,742,865        3,135,922        5,113,365        4,633,553
Units redeemed and transferred                                                                     
   to other funding options.....     (4,723,186)      (3,356,948)      (5,648,494)      (6,664,519)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      13,366,239       10,346,560       22,039,138       22,574,267
                                 ===============  ===============  ===============  ===============


                                           MIST INVESCO                      MIST INVESCO          
                                     BALANCED-RISK ALLOCATION                MID CAP VALUE         
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  ------------------------------- 
                                       2013           2012 (b)           2013          2012 (b)    
                                 ---------------  ---------------  ---------------  -------------- 

                                                                                                   
Units beginning of year.........     250,325,881               --       17,602,268              -- 
Units issued and transferred                                                                       
   from other funding options...     266,812,669      257,675,648        1,720,382      20,382,431 
Units redeemed and transferred                                                                     
   to other funding options.....   (106,100,893)      (7,349,767)      (3,779,380)     (2,780,163) 
                                 ---------------  ---------------  ---------------  -------------- 
Units end of year...............     411,037,657      250,325,881       15,543,270      17,602,268 
                                 ===============  ===============  ===============  ============== 


                                          MIST INVESCO                      MIST JPMORGAN          
                                        SMALL CAP GROWTH                      CORE BOND            
                                       INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  --------------------------------
                                      2013             2012             2013             2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........       2,132,933        2,324,510        7,951,315        7,359,866
Units issued and transferred                                                                       
   from other funding options...         683,973          470,334       18,185,648        2,420,909
Units redeemed and transferred                                                                     
   to other funding options.....       (721,826)        (661,911)     (17,877,502)      (1,829,460)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       2,095,080        2,132,933        8,259,461        7,951,315
                                 ===============  ===============  ===============  ===============

                                                        [Enlarge/Download Table]

                                           MIST JPMORGAN                     MIST JPMORGAN         
                                     GLOBAL ACTIVE ALLOCATION               SMALL CAP VALUE        
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013           2012 (b)           2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........     169,274,406               --        1,099,067        1,077,146
Units issued and transferred                                                                       
   from other funding options...     359,489,221      174,607,084          234,012          275,802
Units redeemed and transferred                                                                     
   to other funding options.....    (48,649,208)      (5,332,678)        (322,624)        (253,881)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............     480,114,419      169,274,406        1,010,455        1,099,067
                                 ===============  ===============  ===============  ===============


                                       MIST LOOMIS SAYLES                 MIST LORD ABBETT         
                                         GLOBAL MARKETS                    BOND DEBENTURE          
                                       INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  --------------------------------
                                      2013             2012             2013             2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........       1,933,869        1,855,860       13,293,853       14,072,935
Units issued and transferred                                                                       
   from other funding options...       7,679,843          743,857        3,261,906        2,555,225
Units redeemed and transferred                                                                     
   to other funding options.....     (1,901,930)        (665,848)      (3,556,555)      (3,334,307)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       7,711,782        1,933,869       12,999,204       13,293,853
                                 ===============  ===============  ===============  ===============


                                       MIST MET/EATON VANCE                MIST MET/FRANKLIN       
                                           FLOATING RATE               LOW DURATION TOTAL RETURN   
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013             2012             2013            2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........         680,624          581,745        1,503,596          678,926
Units issued and transferred                                                                       
   from other funding options...       1,230,133          300,624        7,743,787        1,682,490
Units redeemed and transferred                                                                     
   to other funding options.....       (354,890)        (201,745)      (1,626,102)        (857,820)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       1,555,867          680,624        7,621,281        1,503,596
                                 ===============  ===============  ===============  ===============

                                                        [Enlarge/Download Table]

                                        MIST MET/TEMPLETON                   MIST METLIFE                               
                                        INTERNATIONAL BOND                AGGRESSIVE STRATEGY                           
                                        INVESTMENT DIVISION               INVESTMENT DIVISION                           
                                 --------------------------------  --------------------------------                     
                                       2013             2012             2013            2012                           
                                 ---------------  ---------------  ---------------  ---------------                     

                                                                                                                        
Units beginning of year.........         643,048          586,262        9,769,796        9,693,030                     
Units issued and transferred                                                                                            
   from other funding options...         204,760          190,431        8,174,721        1,937,566                     
Units redeemed and transferred                                                                                          
   to other funding options.....       (191,414)        (133,645)      (5,628,901)      (1,860,800)                     
                                 ---------------  ---------------  ---------------  ---------------                     
Units end of year...............         656,394          643,048       12,315,616        9,769,796                     
                                 ===============  ===============  ===============  ===============                     


                                                                      MIST METLIFE          MIST METLIFE MULTI-INDEX    
                                   MIST METLIFE BALANCED PLUS        GROWTH STRATEGY              TARGETED RISK         
                                       INVESTMENT DIVISION         INVESTMENT DIVISION         INVESTMENT DIVISION      
                                 --------------------------------  -------------------  --------------------------------
                                      2013              2012            2013 (c)              2013           2012 (d)   
                                 ---------------  ---------------  -------------------  ---------------  ---------------

                                                                                                                        
Units beginning of year.........     146,453,494       64,032,367                --           6,808,899               --
Units issued and transferred                                                                                            
   from other funding options...     104,343,735       89,719,058         7,142,714         234,247,693        6,840,315
Units redeemed and transferred                                                                                          
   to other funding options.....    (18,031,434)      (7,297,931)         (653,578)         (9,801,630)         (31,416)
                                 ---------------  ---------------  -------------------  ---------------  ---------------
Units end of year...............     232,765,795      146,453,494         6,489,136         231,254,962        6,808,899
                                 ===============  ===============  ===================  ===============  ===============


                                         MIST MFS EMERGING                                                              
                                          MARKETS EQUITY                                                                
                                        INVESTMENT DIVISION                                                             
                                 --------------------------------                                                       
                                       2013            2012                                                             
                                 ---------------  ---------------                                                       

                                                                                                                        
Units beginning of year.........       4,236,736        4,108,037                                                       
Units issued and transferred                                                                                            
   from other funding options...       1,532,103        1,018,318                                                       
Units redeemed and transferred                                                                                          
   to other funding options.....     (1,016,679)        (889,619)                                                       
                                 ---------------  ---------------                                                       
Units end of year...............       4,752,160        4,236,736                                                       
                                 ===============  ===============                                                       

                                                        [Enlarge/Download Table]

                                        MIST MFS RESEARCH               MIST MORGAN STANLEY                MIST OPPENHEIMER        
                                          INTERNATIONAL                   MID CAP GROWTH                     GLOBAL EQUITY         
                                       INVESTMENT DIVISION              INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 ------------------------------  --------------------------------  --------------------------------
                                      2013            2012             2013             2012             2013             2012     
                                 --------------  --------------  ---------------  ---------------  ---------------  ---------------

                                                                                                                                   
Units beginning of year.........     17,677,847      19,673,406       20,975,481       23,184,585       10,404,769       11,458,967
Units issued and transferred                                                                                                       
   from other funding options...      1,756,040       2,239,537        1,650,626        2,531,911       16,470,254        1,481,210
Units redeemed and transferred                                                                                                     
   to other funding options.....    (3,368,341)     (4,235,096)      (4,101,001)      (4,741,015)     (13,340,997)      (2,535,408)
                                 --------------  --------------  ---------------  ---------------  ---------------  ---------------
Units end of year...............     16,065,546      17,677,847       18,525,106       20,975,481       13,534,026       10,404,769
                                 ==============  ==============  ===============  ===============  ===============  ===============


                                       MIST PIMCO INFLATION                                                                        
                                          PROTECTED BOND                MIST PIMCO TOTAL RETURN                                    
                                        INVESTMENT DIVISION               INVESTMENT DIVISION                                      
                                 --------------------------------  --------------------------------                                
                                       2013             2012             2013            2012                                      
                                 ---------------  ---------------  ---------------  ---------------                                

                                                                                                                                   
Units beginning of year.........      42,379,551       39,768,473       69,856,684       69,538,746                                
Units issued and transferred                                                                                                       
   from other funding options...      10,453,900       12,798,628       15,409,438       14,884,385                                
Units redeemed and transferred                                                                                                     
   to other funding options.....    (14,877,025)     (10,187,550)     (17,305,624)     (14,566,447)                                
                                 ---------------  ---------------  ---------------  ---------------                                
Units end of year...............      37,956,426       42,379,551       67,960,498       69,856,684                                
                                 ===============  ===============  ===============  ===============                                


                                          MIST PIONEER                                                                             
                                        STRATEGIC INCOME                                                                           
                                       INVESTMENT DIVISION                                                                         
                                 --------------------------------                                                                  
                                      2013             2012                                                                        
                                 ---------------  ---------------                                                                  

                                                                                                                                   
Units beginning of year.........       2,454,674        2,135,286                                                                  
Units issued and transferred                                                                                                       
   from other funding options...         803,026          884,420                                                                  
Units redeemed and transferred                                                                                                     
   to other funding options.....       (828,739)        (565,032)                                                                  
                                 ---------------  ---------------                                                                  
Units end of year...............       2,428,961        2,454,674                                                                  
                                 ===============  ===============                                                                  


(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS -- (CONTINUED)                                           
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012:                         

                                                        [Enlarge/Download Table]

                                          MIST PYRAMIS              MIST PYRAMIS               MIST SCHRODERS         
                                        GOVERNMENT INCOME           MANAGED RISK             GLOBAL MULTI-ASSET       
                                       INVESTMENT DIVISION       INVESTMENT DIVISION         INVESTMENT DIVISION      
                                 ------------------------------  -------------------  --------------------------------
                                      2013            2012            2013 (c)              2013           2012 (b)   
                                 --------------  --------------  -------------------  ---------------  ---------------

                                                                                                                      
Units beginning of year.........     54,809,703      18,617,176                 --        121,622,449               --
Units issued and transferred                                                                                          
   from other funding options...     19,744,977      42,564,339          5,665,358        222,931,496      125,006,866
Units redeemed and transferred                                                                                        
   to other funding options.....   (22,124,083)     (6,371,812)          (340,873)       (36,719,500)      (3,384,417)
                                 --------------  --------------  -------------------  ---------------  ---------------
Units end of year...............     52,430,597      54,809,703          5,324,485        307,834,445      121,622,449
                                 ==============  ==============  ===================  ===============  ===============


                                       MIST SSGA GROWTH AND                                                           
                                            INCOME ETF                   MIST SSGA GROWTH ETF                         
                                        INVESTMENT DIVISION               INVESTMENT DIVISION                         
                                 --------------------------------  --------------------------------                   
                                       2013             2012             2013            2012                         
                                 ---------------  ---------------  ---------------  ---------------                   

                                                                                                                      
Units beginning of year.........      70,205,649       69,044,794        9,321,683        8,738,265                   
Units issued and transferred                                                                                          
   from other funding options...       5,418,606        9,650,667        3,190,028        3,233,040                   
Units redeemed and transferred                                                                                        
   to other funding options.....     (8,532,024)      (8,489,812)      (2,131,028)      (2,649,622)                   
                                 ---------------  ---------------  ---------------  ---------------                   
Units end of year...............      67,092,231       70,205,649       10,380,683        9,321,683                   
                                 ===============  ===============  ===============  ===============                   


                                       MIST T. ROWE PRICE                                                             
                                         MID CAP GROWTH                                                               
                                       INVESTMENT DIVISION                                                            
                                 --------------------------------                                                     
                                      2013             2012                                                           
                                 ---------------  ---------------                                                     

                                                                                                                      
Units beginning of year.........      26,770,501       28,074,170                                                     
Units issued and transferred                                                                                          
   from other funding options...       5,619,529        5,030,132                                                     
Units redeemed and transferred                                                                                        
   to other funding options.....     (6,440,049)      (6,333,801)                                                     
                                 ---------------  ---------------                                                     
Units end of year...............      25,949,981       26,770,501                                                     
                                 ===============  ===============                                                     

                                                        [Enlarge/Download Table]

                                         MIST THIRD AVENUE                 MSF BAILLIE GIFFORD      
                                          SMALL CAP VALUE                  INTERNATIONAL STOCK      
                                        INVESTMENT DIVISION                INVESTMENT DIVISION      
                                 ---------------------------------  --------------------------------
                                       2013             2012              2013             2012     
                                 ----------------  ---------------  ---------------  ---------------

                                                                                                    
Units beginning of year.........          650,739          611,373       12,744,728       14,325,010
Units issued and transferred                                                                        
   from other funding options...          120,750          138,841        1,138,622        1,353,198
Units redeemed and transferred                                                                      
   to other funding options.....         (94,327)         (99,475)      (2,379,903)      (2,933,480)
                                 ----------------  ---------------  ---------------  ---------------
Units end of year...............          677,162          650,739       11,503,447       12,744,728
                                 ================  ===============  ===============  ===============


                                          MSF BARCLAYS                       MSF BLACKROCK          
                                      AGGREGATE BOND INDEX                    BOND INCOME           
                                       INVESTMENT DIVISION                INVESTMENT DIVISION       
                                 --------------------------------  -------------------------------- 
                                      2013              2012             2013            2012       
                                 ---------------  ---------------  ---------------  --------------- 

                                                                                                    
Units beginning of year.........      67,675,314       67,360,242       12,916,416       13,863,749 
Units issued and transferred                                                                        
   from other funding options...      16,575,033       14,038,032        1,565,870        1,718,390 
Units redeemed and transferred                                                                      
   to other funding options.....    (12,809,454)     (13,722,960)      (2,527,556)      (2,665,723) 
                                 ---------------  ---------------  ---------------  --------------- 
Units end of year...............      71,440,893       67,675,314       11,954,730       12,916,416 
                                 ===============  ===============  ===============  =============== 


                                           MSF BLACKROCK                    MSF BLACKROCK           
                                       CAPITAL APPRECIATION                  DIVERSIFIED            
                                        INVESTMENT DIVISION              INVESTMENT DIVISION        
                                 --------------------------------  -------------------------------- 
                                       2013             2012            2013             2012       
                                 ---------------  ---------------  ---------------  --------------- 

                                                                                                    
Units beginning of year.........       9,513,547       10,497,393       16,477,433       18,361,628 
Units issued and transferred                                                                        
   from other funding options...         709,674        1,159,171          623,999          784,232 
Units redeemed and transferred                                                                      
   to other funding options.....     (2,165,821)      (2,143,017)      (2,210,015)      (2,668,427) 
                                 ---------------  ---------------  ---------------  --------------- 
Units end of year...............       8,057,400        9,513,547       14,891,417       16,477,433 
                                 ===============  ===============  ===============  =============== 

                                                        [Enlarge/Download Table]

                                          MSF BLACKROCK                   MSF BLACKROCK                                        
                                         LARGE CAP VALUE                  MONEY MARKET               MSF DAVIS VENTURE VALUE   
                                       INVESTMENT DIVISION             INVESTMENT DIVISION             INVESTMENT DIVISION     
                                 ------------------------------  ------------------------------  ------------------------------
                                      2013            2012            2013            2012            2013            2012     
                                 --------------  --------------  --------------  --------------  --------------  --------------

                                                                                                                               
Units beginning of year.........     17,523,603      18,527,061       6,582,029       7,581,515      20,783,231      23,022,534
Units issued and transferred                                                                                                   
   from other funding options...      3,262,101       3,128,157       2,674,349       3,155,623       1,598,509       1,831,314
Units redeemed and transferred                                                                                                 
   to other funding options.....    (4,232,755)     (4,131,615)     (3,051,036)     (4,155,109)     (4,067,498)     (4,070,617)
                                 --------------  --------------  --------------  --------------  --------------  --------------
Units end of year...............     16,552,949      17,523,603       6,205,342       6,582,029      18,314,242      20,783,231
                                 ==============  ==============  ==============  ==============  ==============  ==============


                                           MSF FRONTIER                                                                        
                                          MID CAP GROWTH                  MSF JENNISON GROWTH                                  
                                        INVESTMENT DIVISION               INVESTMENT DIVISION                                  
                                 --------------------------------  --------------------------------                            
                                       2013             2012             2013             2012                                 
                                 ---------------  ---------------  ---------------  ---------------                            

                                                                                                                               
Units beginning of year.........      11,188,890       12,356,496       24,173,265       15,846,735                            
Units issued and transferred                                                                                                   
   from other funding options...         480,255          838,461        4,116,713       15,949,377                            
Units redeemed and transferred                                                                                                 
   to other funding options.....     (1,642,043)      (2,006,067)      (7,842,532)      (7,622,847)                            
                                 ---------------  ---------------  ---------------  ---------------                            
Units end of year...............      10,027,102       11,188,890       20,447,446       24,173,265                            
                                 ===============  ===============  ===============  ===============                            


                                         MSF LOOMIS SAYLES                                                                     
                                          SMALL CAP CORE                                                                       
                                        INVESTMENT DIVISION                                                                    
                                 --------------------------------                                                              
                                       2013             2012                                                                   
                                 ---------------  ---------------                                                              

                                                                                                                               
Units beginning of year.........       6,753,486        7,753,152                                                              
Units issued and transferred                                                                                                   
   from other funding options...         702,372          630,485                                                              
Units redeemed and transferred                                                                                                 
   to other funding options.....     (1,342,110)      (1,630,151)                                                              
                                 ---------------  ---------------                                                              
Units end of year...............       6,113,748        6,753,486                                                              
                                 ===============  ===============                                                              

                                                        [Enlarge/Download Table]

                                         MSF LOOMIS SAYLES                 MSF MET/ARTISAN          
                                         SMALL CAP GROWTH                   MID CAP VALUE           
                                        INVESTMENT DIVISION              INVESTMENT DIVISION        
                                 --------------------------------  -------------------------------- 
                                       2013             2012            2013             2012       
                                 ---------------  ---------------  ---------------  --------------- 

                                                                                                    
Units beginning of year.........       3,652,206        4,424,648        8,082,313        9,138,238 
Units issued and transferred                                                                        
   from other funding options...       1,424,902          561,427        1,087,014          966,064 
Units redeemed and transferred                                                                      
   to other funding options.....     (1,279,367)      (1,333,869)      (1,834,134)      (2,021,989) 
                                 ---------------  ---------------  ---------------  --------------- 
Units end of year...............       3,797,741        3,652,206        7,335,193        8,082,313 
                                 ===============  ===============  ===============  =============== 


                                        MSF MET/DIMENSIONAL                   MSF METLIFE           
                                    INTERNATIONAL SMALL COMPANY         CONSERVATIVE ALLOCATION     
                                        INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  ---------------------------------
                                       2013             2012             2013             2012      
                                 ---------------  ---------------  ----------------  ---------------

                                                                                                    
Units beginning of year.........         283,529          284,129        43,441,164       40,920,905
Units issued and transferred                                                                        
   from other funding options...         139,011           76,259         6,814,995       10,391,240
Units redeemed and transferred                                                                      
   to other funding options.....       (141,787)         (76,859)      (11,010,990)      (7,870,981)
                                 ---------------  ---------------  ----------------  ---------------
Units end of year...............         280,753          283,529        39,245,169       43,441,164
                                 ===============  ===============  ================  ===============


                                     MSF METLIFE CONSERVATIVE                 MSF METLIFE           
                                      TO MODERATE ALLOCATION              MID CAP STOCK INDEX       
                                        INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  -------------------------------- 
                                       2013             2012             2013            2012       
                                 ---------------  ---------------  ---------------  --------------- 

                                                                                                    
Units beginning of year.........     105,124,056      105,687,728       21,893,382       23,078,700 
Units issued and transferred                                                                        
   from other funding options...      10,652,716       15,333,313        4,298,417        3,950,201 
Units redeemed and transferred                                                                      
   to other funding options.....    (15,619,476)     (15,896,985)      (5,337,669)      (5,135,519) 
                                 ---------------  ---------------  ---------------  --------------- 
Units end of year...............     100,157,296      105,124,056       20,854,130       21,893,382 
                                 ===============  ===============  ===============  =============== 


(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

7.  SCHEDULES OF UNITS -- (CONCLUDED)                                           
FOR THE YEARS ENDED DECEMBER 31, 2013 AND 2012:                         

                                                        [Enlarge/Download Table]

                                            MSF METLIFE                  MSF METLIFE MODERATE      
                                        MODERATE ALLOCATION            TO AGGRESSIVE ALLOCATION    
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013             2012             2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........     298,818,839      307,124,843      129,396,377      136,308,678
Units issued and transferred                                                                       
   from other funding options...      26,174,852       27,022,083       11,830,845       11,376,066
Units redeemed and transferred                                                                     
   to other funding options.....    (33,564,237)     (35,328,087)     (16,088,224)     (18,288,367)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............     291,429,454      298,818,839      125,138,998      129,396,377
                                 ===============  ===============  ===============  ===============



                                     MSF METLIFE STOCK INDEX            MSF MFS TOTAL RETURN       
                                       INVESTMENT DIVISION               INVESTMENT DIVISION       
                                 --------------------------------  --------------------------------
                                      2013             2012             2013             2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      59,173,051       64,969,064        5,978,496        6,944,475
Units issued and transferred                                                                       
   from other funding options...       4,714,763        6,623,452          586,725          547,775
Units redeemed and transferred                                                                     
   to other funding options.....    (10,874,918)     (12,419,465)      (1,107,168)      (1,513,754)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      53,012,896       59,173,051        5,458,053        5,978,496
                                 ===============  ===============  ===============  ===============



                                           MSF MFS VALUE                  MSF MSCI EAFE INDEX      
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013             2012             2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      21,031,945       22,395,513       36,718,700       38,516,192
Units issued and transferred                                                                       
   from other funding options...      46,684,089        3,611,574        4,728,494        6,587,704
Units redeemed and transferred                                                                     
   to other funding options.....    (38,700,474)      (4,975,142)      (7,216,504)      (8,385,196)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      29,015,560       21,031,945       34,230,690       36,718,700
                                 ===============  ===============  ===============  ===============

                                                        [Enlarge/Download Table]


                                           MSF NEUBERGER                                           
                                          BERMAN GENESIS                MSF RUSSELL 2000 INDEX     
                                        INVESTMENT DIVISION               INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                       2013             2012             2013            2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      14,721,611       16,685,101       14,020,186       14,971,453
Units issued and transferred                                                                       
   from other funding options...       4,070,379        1,474,144        2,749,581        3,097,031
Units redeemed and transferred                                                                     
   to other funding options.....     (3,405,897)      (3,437,634)      (3,742,243)      (4,048,298)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      15,386,093       14,721,611       13,027,524       14,020,186
                                 ===============  ===============  ===============  ===============



                                        MSF T. ROWE PRICE                  MSF T. ROWE PRICE       
                                        LARGE CAP GROWTH                   SMALL CAP GROWTH        
                                       INVESTMENT DIVISION                INVESTMENT DIVISION      
                                 --------------------------------  --------------------------------
                                      2013             2012              2013             2012     
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........      11,787,393       12,337,838       13,154,613       14,031,031
Units issued and transferred                                                                       
   from other funding options...      12,810,542        2,965,900        2,715,901        2,267,606
Units redeemed and transferred                                                                     
   to other funding options.....     (4,847,467)      (3,516,345)      (3,059,487)      (3,144,024)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............      19,750,468       11,787,393       12,811,027       13,154,613
                                 ===============  ===============  ===============  ===============


                                                                          MSF WESTERN ASSET        
                                        MSF VAN ECK GLOBAL              MANAGEMENT STRATEGIC       
                                         NATURAL RESOURCES               BOND OPPORTUNITIES        
                                        INVESTMENT DIVISION              INVESTMENT DIVISION       
                                 --------------------------------  --------------------------------
                                       2013             2012            2013             2012      
                                 ---------------  ---------------  ---------------  ---------------

                                                                                                   
Units beginning of year.........       2,611,674        2,291,756       10,345,790       11,333,345
Units issued and transferred                                                                       
   from other funding options...         493,172          905,275        1,556,432        1,681,775
Units redeemed and transferred                                                                     
   to other funding options.....       (698,230)        (585,357)      (2,675,384)      (2,669,330)
                                 ---------------  ---------------  ---------------  ---------------
Units end of year...............       2,406,616        2,611,674        9,226,838       10,345,790
                                 ===============  ===============  ===============  ===============

                                                                [Download Table]

                                                MSF WESTERN          
                                             ASSET MANAGEMENT        
                                              U.S. GOVERNMENT        
                                            INVESTMENT DIVISION      
                                      -------------------------------
                                           2013             2012     
                                      ---------------  --------------

                                                                     
Units beginning of year.............       13,148,516      14,053,184
Units issued and transferred                                         
   from other funding options.......        2,166,563       2,410,173
Units redeemed and transferred                                       
   to other funding options.........      (3,058,828)     (3,314,841)
                                      ---------------  --------------
Units end of year...................       12,256,251      13,148,516
                                      ===============  ==============


(a) For the period July 23, 2012 to December 31, 2012.                          
(b) For the period April 30, 2012 to December 31, 2012.                         
(c) For the period April 29, 2013 to December 31, 2013.                         
(d) For the period November 12, 2012 to December 31, 2012.                      

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS                                                        

The Company sells a number of variable annuity products which have unique       
combinations of features and fees, some of which directly affect the unit       
values of the Investment Divisions. Differences in the fee structures result in 
a variety of unit values, expense ratios, and total returns.                    

The following table is a summary of unit values and units outstanding for the   
Contracts, net investment income ratios, and expense ratios, excluding expenses 
for the underlying fund, series, or portfolio for the respective stated periods 
in the five years ended December 31, 2013:                                      

                                                        [Enlarge/Download Table]

                                                   AS OF DECEMBER 31                   
                                     ---------------------------------------------     
                                                      UNIT VALUE                       
                                                       LOWEST TO          NET          
                                         UNITS        HIGHEST ($)     ASSETS ($)       
                                     ------------  ----------------  -------------     
                                                                                       
American Funds Bond            2013     6,618,957     14.30 - 19.64    113,016,439     
   Investment Division         2012     7,263,481     15.00 - 20.21    128,509,424     
                               2011     7,776,072     14.60 - 19.30    132,354,078     
                               2010     8,896,331     14.11 - 18.31    144,729,120     
                               2009     9,420,222     13.60 - 17.31    146,076,081     

American Funds Global Small    2013    16,907,172      3.54 - 40.47    588,501,415     
   Capitalization Investment   2012    18,635,787      2.81 - 31.78    512,261,353     
   Division                    2011    20,869,442      2.41 - 27.10    488,925,353     
                               2010    21,870,431      3.03 - 33.77    638,167,766     
                               2009    22,146,914      2.52 - 27.79    528,416,498     

American Funds Growth          2013     5,377,037     1.20 - 268.43  1,121,813,455     
   Investment Division         2012     6,029,312    15.10 - 207.87    978,263,065     
                               2011     6,775,576    12.97 - 177.66    943,068,284     
                               2010     7,571,854    13.72 - 186.99  1,104,322,652     
                               2009     8,261,553    11.70 - 158.74  1,020,275,073     

American Funds                 2013     5,897,170    14.54 - 187.57    866,506,820     
   Growth-Income Investment    2012     6,519,347    11.07 - 141.56    728,354,448     
   Division                    2011     7,279,154     9.58 - 121.41    689,767,422     
                               2010     7,599,619     9.91 - 124.60    738,591,508     
                               2009     7,531,106     9.04 - 112.66    664,724,752     

Calvert VP SRI Balanced        2013     1,581,457     28.27 - 37.66     56,643,458     
   Investment Division         2012     1,676,537     24.33 - 32.31     51,646,891     
                               2011     1,762,417     22.36 - 29.60     49,903,373     
                               2010     1,850,748     21.72 - 28.66     50,866,287     
                               2009     1,901,894     19.68 - 25.89     47,408,049     

Calvert VP SRI Mid Cap         2013       285,572     49.72 - 49.74     14,202,309     
   Growth Investment Division  2012       319,337     38.64 - 38.65     12,341,511     
                               2011       338,107     33.41 - 33.42     11,298,697     
                               2010       371,121     32.96 - 32.97     12,234,406     
                               2009       370,911             25.31      9,388,607     

Fidelity VIP Equity-Income     2013     3,463,147      8.01 - 65.15     95,223,008     
   Investment Division         2012     3,911,529      6.34 - 51.32     81,994,570     
                               2011     4,479,503      5.48 - 44.17     78,185,094     
                               2010     5,189,262      5.50 - 44.15     91,649,413     
                               2009     6,023,263      4.84 - 38.71     88,951,615     

Fidelity VIP FundsManager      2013     9,362,592     12.73 - 12.88    120,060,165     
   50% Investment Division     2012     2,486,441     11.31 - 11.42     28,315,173     
   (Commenced 7/23/2012)                                                               


                                               FOR THE YEAR ENDED DECEMBER 31          
                                     --------------------------------------------------
                                     INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                        INCOME          LOWEST TO          LOWEST TO   
                                       RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                     -------------  ----------------  -----------------
                                                                                       
American Funds Bond            2013      1.73          0.65 - 2.55      (4.62) - (2.79)
   Investment Division         2012      2.43          0.50 - 2.55          2.71 - 4.69
                               2011      2.88          0.50 - 2.55          3.44 - 5.42
                               2010      2.96          0.50 - 2.55          3.76 - 5.75
                               2009      3.27          0.50 - 2.55         9.76 - 11.88

American Funds Global Small    2013      0.87          0.65 - 2.55        25.05 - 27.45
   Capitalization Investment   2012      1.34          0.50 - 2.55        15.19 - 17.41
   Division                    2011      1.34          0.50 - 2.55    (21.18) - (19.67)
                               2010      1.73          0.50 - 2.55        19.33 - 21.62
                               2009      0.29          0.50 - 2.55        57.24 - 60.26

American Funds Growth          2013      0.92          0.65 - 2.55        18.89 - 29.26
   Investment Division         2012      0.78          0.50 - 2.55        14.91 - 17.13
                               2011      0.60          0.50 - 2.55      (6.68) - (4.89)
                               2010      0.71          0.50 - 2.55        15.70 - 17.91
                               2009      0.67          0.50 - 2.55        35.90 - 38.52

American Funds                 2013      1.34          0.65 - 2.55        30.14 - 32.64
   Growth-Income Investment    2012      1.59          0.50 - 2.55        14.51 - 16.72
   Division                    2011      1.54          0.50 - 2.55      (4.30) - (2.47)
                               2010      1.51          0.50 - 2.55         8.62 - 10.71
                               2009      1.65          0.50 - 2.55        27.94 - 30.40

Calvert VP SRI Balanced        2013      1.04          0.50 - 1.55        16.19 - 17.41
   Investment Division         2012      1.21          0.50 - 1.55          8.80 - 9.96
                               2011      1.29          0.50 - 1.55          2.96 - 4.04
                               2010      1.43          0.50 - 1.55        10.37 - 11.54
                               2009      2.21          0.50 - 1.55        23.36 - 24.67

Calvert VP SRI Mid Cap         2013        --                 0.95        28.68 - 28.69
   Growth Investment Division  2012        --                 0.95                15.65
                               2011        --                 0.95                 1.37
                               2010        --                 0.95                30.24
                               2009        --                 0.95        30.77 - 30.78

Fidelity VIP Equity-Income     2013      2.47          0.95 - 1.35        26.43 - 26.95
   Investment Division         2012      3.08          0.95 - 1.35        15.73 - 16.20
                               2011      2.34          0.95 - 1.35        (0.38) - 0.03
                               2010      1.80          0.95 - 1.35        13.62 - 14.07
                               2009      2.29          0.95 - 1.35        28.45 - 28.99

Fidelity VIP FundsManager      2013      1.56          1.90 - 2.05        12.57 - 12.74
   50% Investment Division     2012      2.68          1.90 - 2.05          4.04 - 4.11
   (Commenced 7/23/2012)                                                               

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                       AS OF DECEMBER 31                   
                                         ---------------------------------------------     
                                                         UNIT VALUE                        
                                                          LOWEST TO           NET          
                                             UNITS       HIGHEST ($)      ASSETS ($)       
                                         ------------  ---------------  --------------     
                                                                                           
Fidelity VIP FundsManager          2013    24,031,067    12.05 - 12.16     291,255,733     
   60% Investment Division         2012    24,954,232    10.37 - 10.45     260,007,961     
   (Commenced 10/15/2009)          2011    20,820,080      9.48 - 9.54     198,202,397     
                                   2010    10,055,976      9.88 - 9.93      99,633,507     
                                   2009        28,017      8.87 - 8.90         248,942     

Fidelity VIP Growth                2013     1,489,863    64.30 - 64.31      95,812,868     
   Investment Division             2012     1,633,959    47.61 - 47.62      77,803,882     
                                   2011     1,783,529            41.91      74,754,203     
                                   2010     2,111,729    42.22 - 42.23      89,166,883     
                                   2009     2,292,307    34.32 - 34.33      78,687,001     

Fidelity VIP Investment            2013       527,483    31.58 - 31.59      16,664,039     
   Grade Bond                      2012       686,159    32.46 - 32.47      22,278,308     
   Investment Division             2011       691,358            30.95      21,398,778     
                                   2010       761,081            29.11      22,154,719     
                                   2009       794,594            27.26      21,659,031     

Fidelity VIP Money Market          2013       671,593    10.50 - 16.57      10,057,109     
   Investment Division             2012       548,892    10.71 - 16.72       8,724,752     
                                   2011       786,743    10.92 - 16.86      12,168,038     
                                   2010       766,151    11.14 - 17.00      12,251,820     
                                   2009       942,138    11.34 - 17.12      15,639,330     

MIST AllianceBernstein             2013   133,911,328    11.35 - 11.66   1,557,670,400     
   Global Dynamic Allocation       2012   110,036,076    10.41 - 10.61   1,165,993,492     
   Investment Division             2011    49,226,036      9.70 - 9.75     479,791,726     
   (Commenced 5/2/2011)                                                                    

MIST American Funds                2013    63,540,868     1.26 - 13.26     799,895,152     
   Balanced Allocation             2012    63,563,060    10.24 - 11.22     683,639,223     
   Investment Division             2011    64,521,397      9.23 - 9.92     618,948,646     
                                   2010    54,397,965     9.65 - 10.17     539,848,602     
                                   2009    30,034,186      8.81 - 9.11     269,080,901     

MIST American Funds Growth         2013    33,203,104    11.86 - 13.15     417,519,485     
   Allocation Investment           2012    32,742,900     9.70 - 10.56     333,268,561     
   Division                        2011    34,204,304      8.55 - 9.14     303,484,652     
                                   2010    35,239,687      9.18 - 9.64     332,353,082     
                                   2009    32,850,723      8.28 - 8.54     276,545,341     

MIST American Funds Growth         2013    28,606,942    12.22 - 13.01     369,736,899     
   Investment Division             2012    30,680,594     9.63 - 10.14     309,469,419     
   (Commenced 11/7/2008            2011    30,941,763      8.39 - 8.74     269,245,330     
   and began transactions in 2009) 2010    21,779,384      9.00 - 9.27     201,192,477     
                                   2009     8,205,983      7.78 - 7.92      64,876,014     

MIST American Funds                2013    78,734,890    11.64 - 12.90     971,848,247     
   Moderate Allocation             2012    82,535,523    10.49 - 11.42     908,733,316     
   Investment Division             2011    85,202,020     9.69 - 10.36     857,229,344     
                                   2010    75,010,392     9.89 - 10.39     762,782,012     
                                   2009    46,032,309      9.21 - 9.50     431,332,093     


                                                    FOR THE YEAR ENDED DECEMBER 31         
                                         --------------------------------------------------
                                          INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                             INCOME          LOWEST TO         LOWEST TO   
                                            RATIO (%)       HIGHEST (%)       HIGHEST (%)  
                                          -------------  ----------------  ----------------
                                                                                           
Fidelity VIP FundsManager          2013       1.16          1.90 - 2.05       16.21 - 16.38
   60% Investment Division         2012       1.50          1.90 - 2.05         9.33 - 9.49
   (Commenced 10/15/2009)          2011       1.89          1.90 - 2.05     (4.01) - (3.87)
                                   2010       2.44          1.90 - 2.05       11.32 - 11.49
                                   2009       1.19          1.90 - 2.05         0.07 - 0.09

Fidelity VIP Growth                2013       0.29                 0.95       35.05 - 35.06
   Investment Division             2012       0.58                 0.95       13.60 - 13.61
                                   2011       0.34                 0.95              (0.74)
                                   2010       0.28                 0.95       23.00 - 23.01
                                   2009       0.45                 0.95       27.08 - 27.09

Fidelity VIP Investment            2013       2.08                 0.95              (2.70)
   Grade Bond                      2012       2.35                 0.95                4.90
   Investment Division             2011       3.16                 0.95         6.32 - 6.33
                                   2010       3.50                 0.95                6.79
                                   2009       8.79                 0.95       14.63 - 14.64

Fidelity VIP Money Market          2013       0.03          0.95 - 2.05     (2.01) - (0.91)
   Investment Division             2012       0.13          0.95 - 2.05     (1.93) - (0.81)
                                   2011       0.10          0.95 - 2.05     (1.94) - (0.83)
                                   2010       0.17          0.95 - 2.05     (1.82) - (0.70)
                                   2009       0.72          0.95 - 2.05     (0.39) - (0.22)

MIST AllianceBernstein             2013       1.24          1.15 - 2.15         8.78 - 9.88
   Global Dynamic Allocation       2012       0.09          1.15 - 2.30         2.79 - 8.82
   Investment Division             2011       0.98          1.15 - 2.00     (3.01) - (2.47)
   (Commenced 5/2/2011)                                                                    

MIST American Funds                2013       1.35          0.50 - 2.30       15.84 - 18.14
   Balanced Allocation             2012       1.68          0.50 - 2.30       10.93 - 13.06
   Investment Division             2011       1.26          0.50 - 2.30     (4.34) - (2.43)
                                   2010       1.00          0.50 - 2.30        9.61 - 11.67
                                   2009         --          0.50 - 2.30       26.39 - 29.21

MIST American Funds Growth         2013       0.99          0.50 - 2.30       22.26 - 24.48
   Allocation Investment           2012       1.20          0.50 - 2.30       13.50 - 15.58
   Division                        2011       1.12          0.50 - 2.30     (6.89) - (5.21)
                                   2010       0.88          0.50 - 2.30       10.91 - 12.92
                                   2009         --          0.50 - 2.30       31.00 - 33.36

MIST American Funds Growth         2013       0.44          1.15 - 2.25       26.90 - 28.30
   Investment Division             2012       0.32          1.15 - 2.25       14.79 - 16.06
   (Commenced 11/7/2008            2011       0.34          1.15 - 2.25     (6.71) - (5.69)
   and began transactions in 2009) 2010       0.18          1.15 - 2.25       15.69 - 16.97
                                   2009         --          1.15 - 2.25       35.80 - 37.30

MIST American Funds                2013       1.64          0.50 - 2.30       10.94 - 12.95
   Moderate Allocation             2012       2.04          0.50 - 2.30        8.31 - 10.28
   Investment Division             2011       1.54          0.50 - 2.30     (2.08) - (0.31)
                                   2010       1.41          0.50 - 2.30         7.40 - 9.36
                                   2009         --          0.50 - 2.30       20.59 - 22.79


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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                       AS OF DECEMBER 31                   
                                         ---------------------------------------------     
                                                          UNIT VALUE                       
                                                           LOWEST TO          NET          
                                             UNITS        HIGHEST ($)     ASSETS ($)       
                                         ------------  ---------------  --------------     
                                                                                           
MIST AQR Global Risk               2013   152,729,567    10.79 - 11.09   1,689,296,732     
   Balanced Investment Division    2012   149,868,893    11.38 - 11.61   1,737,315,768     
   (Commenced 5/2/2011)            2011    56,432,487    10.56 - 10.62     599,167,858     

MIST BlackRock Global              2013   177,074,342    10.98 - 11.28   1,991,834,922     
   Tactical Strategies             2012   155,272,874    10.17 - 10.34   1,603,180,946     
   Investment Division             2011    74,095,325      9.53 - 9.58     709,763,094     
   (Commenced 5/2/2011)                                                                    

MIST BlackRock Large Cap           2013    16,944,933    9.43 - 122.31     739,787,013     
   Core Investment Division        2012    18,667,832     7.12 - 91.54     616,700,346     
                                   2011    20,393,863     6.37 - 81.12     607,789,646     
                                   2010    20,665,064     6.44 - 81.32     657,439,675     
                                   2009    21,088,063     5.80 - 72.68     639,219,543     

Variable B Investment              2013        67,239   62.90 - 218.97      13,976,724     
   Division                        2012        79,487   46.73 - 164.31      12,413,480     
                                   2011        86,527   39.85 - 145.99      12,494,159     
                                   2010       103,828   39.93 - 146.66      14,265,716     
                                   2009       122,189   35.69 - 131.40      15,078,294     

Variable C Investment              2013         4,601  218.97 - 288.01       1,246,820     
   Division                        2012         6,144  164.31 - 213.98       1,223,254     
                                   2011         6,155  145.99 - 188.23       1,080,417     
                                   2010         6,244  146.66 - 187.23       1,092,411     
                                   2009         6,758  131.40 - 166.08       1,044,718     

MIST Clarion Global Real           2013    14,902,299     2.97 - 18.38     253,186,000     
   Estate Investment Division      2012    14,778,284     2.89 - 17.84     245,411,646     
                                   2011    16,016,738     2.31 - 14.23     213,895,843     
                                   2010    15,981,514     2.46 - 15.15     228,566,225     
                                   2009    16,166,181     2.14 - 13.11     201,669,413     

MIST ClearBridge Aggressive        2013     1,863,965  163.36 - 424.64     423,765,631     
   Growth II Investment Division   2012     2,129,155  129.79 - 331.03     379,819,842     
                                   2011     2,221,380  108.42 - 271.25     326,899,919     
                                   2010     2,367,336  119.99 - 294.59     380,880,175     
                                   2009     2,084,776  112.23 - 270.33     309,364,810     

MIST ClearBridge Aggressive        2013    13,366,239     1.32 - 21.07     170,478,449     
   Growth Investment Division      2012    10,346,560     0.92 - 14.58      93,505,262     
                                   2011    10,567,586     0.78 - 12.38      81,432,355     
                                   2010     3,935,646     0.77 - 12.07      29,795,656     
                                   2009     3,431,934      0.63 - 9.83      21,068,292     

MIST Harris Oakmark                2013    22,039,138     2.82 - 30.88     597,907,512     
   International Investment        2012    22,574,267     2.19 - 23.79     476,492,534     
   Division                        2011    24,605,233     1.71 - 18.49     402,888,469     
                                   2010    22,318,089     2.02 - 21.68     422,198,591     
                                   2009    18,765,510     1.76 - 18.71     304,862,337     

MIST Invesco Balanced-Risk         2013   411,037,657      1.04 - 1.06     433,699,152     
   Allocation Investment Division  2012   250,325,881      1.04 - 1.05     262,571,091     
   (Commenced 4/30/2012)                                                                   


                                                   FOR THE YEAR ENDED DECEMBER 31          
                                         --------------------------------------------------
                                         INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                            INCOME          LOWEST TO          LOWEST TO   
                                           RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                         -------------  ----------------  -----------------
                                                                                           
MIST AQR Global Risk               2013      2.07          1.15 - 2.15      (5.45) - (4.50)
   Balanced Investment Division    2012      0.40          1.15 - 2.30          3.03 - 9.29
   (Commenced 5/2/2011)            2011      3.41          1.15 - 2.00          2.12 - 2.70

MIST BlackRock Global              2013      1.33          1.15 - 2.15          7.96 - 9.05
   Tactical Strategies             2012        --          1.15 - 2.15          6.81 - 7.89
   Investment Division             2011      1.51          1.15 - 2.00      (4.68) - (4.14)
   (Commenced 5/2/2011)                                                                    

MIST BlackRock Large Cap           2013      1.40          0.42 - 2.22        31.42 - 33.61
   Core Investment Division        2012      1.18          0.42 - 2.22       (0.33) - 12.84
                                   2011      1.10        (0.08) - 2.30        (2.02) - 0.54
                                   2010      1.33        (0.08) - 2.30         9.90 - 12.73
                                   2009      1.76          0.50 - 2.30        16.49 - 18.60

Variable B Investment              2013      1.47        (0.08) - 0.92        33.26 - 34.60
   Division                        2012      1.22        (0.08) - 0.92        12.55 - 17.29
                                   2011      1.12        (0.08) - 1.00      (0.46) - (0.21)
                                   2010      1.36        (0.08) - 1.00        11.62 - 11.89
                                   2009      1.65                 1.00        18.25 - 18.55

Variable C Investment              2013      1.45        (0.08) - 0.92        33.26 - 34.60
   Division                        2012      1.19        (0.08) - 0.92        12.55 - 13.68
                                   2011      1.10        (0.08) - 1.00        (0.46) - 0.54
                                   2010      1.37        (0.08) - 1.00        11.62 - 12.73
                                   2009      1.62                 1.00        18.25 - 19.43

MIST Clarion Global Real           2013      6.76          0.50 - 2.30          1.19 - 3.09
   Estate Investment Division      2012      2.07          0.50 - 2.30        23.11 - 25.48
                                   2011      3.87          0.50 - 2.30      (7.73) - (5.89)
                                   2010      8.23          0.50 - 2.30        13.47 - 15.53
                                   2009      3.29          0.50 - 2.30        31.67 - 34.24

MIST ClearBridge Aggressive        2013      0.61          0.50 - 2.30        25.86 - 28.28
   Growth II Investment Division   2012      0.24          0.50 - 2.30        19.72 - 22.04
                                   2011      1.69          0.50 - 2.30      (9.64) - (7.92)
                                   2010      1.59          0.50 - 2.30          6.91 - 8.97
                                   2009        --          0.50 - 2.30        39.61 - 42.29

MIST ClearBridge Aggressive        2013      0.25          0.95 - 2.30        13.14 - 44.54
   Growth Investment Division      2012      0.07          0.95 - 2.30        15.80 - 17.69
                                   2011      0.02          0.95 - 2.30        (9.19) - 2.58
                                   2010      0.03          0.95 - 2.30        20.97 - 22.89
                                   2009      0.06          0.95 - 2.30        29.92 - 32.20

MIST Harris Oakmark                2013      2.49          0.50 - 2.30        27.52 - 29.96
   International Investment        2012      1.61          0.50 - 2.30        26.30 - 28.63
   Division                        2011        --          0.50 - 2.30    (16.20) - (14.54)
                                   2010      1.89          0.50 - 2.30        13.77 - 15.92
                                   2009      7.37          0.50 - 2.30        51.54 - 54.46

MIST Invesco Balanced-Risk         2013        --          1.15 - 2.10        (0.26) - 0.70
   Allocation Investment Division  2012      0.62          1.15 - 2.30          3.06 - 3.86
   (Commenced 4/30/2012)                                                                   

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                        AS OF DECEMBER 31                  
                                         ---------------------------------------------     
                                                          UNIT VALUE                       
                                                           LOWEST TO          NET          
                                             UNITS        HIGHEST ($)     ASSETS ($)       
                                         ------------  ---------------  --------------     
                                                                                           
MIST Invesco Mid Cap Value         2013    15,543,270     3.37 - 38.34     517,780,861     
   Investment Division             2012    17,602,268     2.62 - 29.57     454,279,856     
   (Commenced 4/30/2012)                                                                   

MIST Invesco Small Cap             2013     2,095,080     2.52 - 27.91      52,424,234     
   Growth Investment Division      2012     2,132,933     1.82 - 20.01      38,202,816     
                                   2011     2,324,510     1.56 - 17.01      35,466,935     
                                   2010     2,311,559     1.60 - 17.28      34,771,690     
                                   2009     2,575,281     1.28 - 13.77      30,768,907     

MIST JPMorgan Core Bond            2013     8,259,461    10.18 - 10.84      88,832,323     
   Investment Division             2012     7,951,315    10.74 - 11.31      89,292,265     
   (Commenced 11/7/2008            2011     7,359,866    10.47 - 10.90      79,806,796     
   and began transactions in 2009) 2010     5,961,314    10.12 - 10.43      61,894,293     
                                   2009     1,987,475      9.79 - 9.94      19,704,304     

MIST JPMorgan Global Active        2013   480,114,419      1.14 - 1.15     553,137,848     
   Allocation Investment Division  2012   169,274,406             1.05     177,914,120     
   (Commenced 4/30/2012)                                                                   

MIST JPMorgan Small Cap            2013     1,010,455    18.31 - 19.79      19,791,903     
   Value Investment Division       2012     1,099,067    14.06 - 15.07      16,406,071     
   (Commenced 11/7/2008            2011     1,077,146    12.44 - 13.21      14,113,642     
   and began transactions in 2009) 2010       657,621    14.17 - 14.91       9,722,885     
                                   2009       238,413    12.13 - 12.65       2,992,834     

MIST Loomis Sayles Global          2013     7,711,782     1.44 - 17.20     128,415,699     
   Markets Investment Division     2012     1,933,869    13.80 - 14.86      28,499,925     
   (Commenced 11/7/2008            2011     1,855,860    12.07 - 12.85      23,690,465     
   and began transactions in 2009) 2010     1,021,819    12.54 - 13.20      13,393,060     
                                   2009       277,759    10.60 - 10.94       3,025,890     

MIST Lord Abbett Bond              2013    12,999,204     2.83 - 33.22     339,376,615     
   Debenture Investment Division   2012    13,293,853     2.66 - 30.92     320,579,772     
                                   2011    14,072,935     2.39 - 27.52     299,293,863     
                                   2010    14,565,687     2.32 - 26.47     294,861,986     
                                   2009    14,237,429     2.08 - 23.55     257,209,965     

MIST Met/Eaton Vance               2013     1,555,867    10.88 - 11.25      17,414,855     
   Floating Rate Investment        2012       680,624    10.70 - 10.96       7,437,899     
   Division (Commenced 5/3/2010)   2011       581,745    10.17 - 10.33       5,996,924     
                                   2010       127,652    10.18 - 10.24       1,306,114     

MIST Met/Franklin Low              2013     7,621,281     9.86 - 10.27      76,708,364     
   Duration Total Return           2012     1,503,596     9.94 - 10.21      15,151,477     
   Investment Division             2011       678,926      9.72 - 9.80       6,635,667     
   (Commenced 5/2/2011)                                                                    

MIST Met/Templeton                 2013       656,394    13.09 - 13.62       8,897,037     
   International Bond              2012       643,048    13.22 - 13.64       8,734,807     
   Investment Division             2011       586,262    11.80 - 12.07       7,057,738     
   (Commenced 5/4/2009)            2010       363,350    12.08 - 12.25       4,442,866     
                                   2009        64,135    10.85 - 10.92         699,311     


                                                   FOR THE YEAR ENDED DECEMBER 31          
                                         --------------------------------------------------
                                         INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                            INCOME          LOWEST TO          LOWEST TO   
                                           RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                         -------------  ----------------  -----------------
                                                                                           
MIST Invesco Mid Cap Value         2013      0.79          0.50 - 2.30        27.34 - 29.65
   Investment Division             2012        --          0.50 - 2.30          1.67 - 2.93
   (Commenced 4/30/2012)                                                                   

MIST Invesco Small Cap             2013      0.24          0.50 - 2.30        36.99 - 39.48
   Growth Investment Division      2012        --          0.50 - 2.30        15.53 - 17.64
                                   2011        --          0.50 - 2.30      (3.33) - (1.57)
                                   2010        --          0.50 - 2.30        23.32 - 25.55
                                   2009        --          0.50 - 2.30        30.78 - 33.15

MIST JPMorgan Core Bond            2013      0.27          1.15 - 2.25      (4.89) - (3.86)
   Investment Division             2012      2.55          1.15 - 2.25          2.57 - 3.71
   (Commenced 11/7/2008            2011      2.15          1.15 - 2.25          3.44 - 4.58
   and began transactions in 2009) 2010      1.53          1.15 - 2.25          3.74 - 4.89
                                   2009        --          1.15 - 2.05         9.85 - 10.84

MIST JPMorgan Global Active        2013      0.07          1.15 - 2.10          8.68 - 9.72
   Allocation Investment Division  2012      0.78          1.15 - 2.05          3.23 - 3.85
   (Commenced 4/30/2012)                                                                   

MIST JPMorgan Small Cap            2013      0.48          1.15 - 2.05        30.21 - 31.38
   Value Investment Division       2012      0.63          1.15 - 2.05        13.01 - 14.03
   (Commenced 11/7/2008            2011      1.42          1.15 - 2.05    (12.18) - (11.38)
   and began transactions in 2009) 2010      0.58          1.15 - 2.05        16.83 - 17.89
                                   2009      0.18          1.15 - 2.05        26.17 - 27.30

MIST Loomis Sayles Global          2013      0.72          0.50 - 2.25        10.52 - 15.79
   Markets Investment Division     2012      2.37          1.15 - 2.25        14.32 - 15.59
   (Commenced 11/7/2008            2011      2.22          1.15 - 2.25      (3.67) - (2.61)
   and began transactions in 2009) 2010      2.23          1.15 - 2.25        19.30 - 20.62
                                   2009      0.16          1.15 - 2.00        38.04 - 39.22

MIST Lord Abbett Bond              2013      6.65          0.50 - 2.30          5.52 - 7.44
   Debenture Investment Division   2012      7.19          0.50 - 2.30        10.37 - 12.38
                                   2011      5.99          0.50 - 2.30          2.09 - 3.94
                                   2010      6.21          0.50 - 2.30        10.40 - 12.40
                                   2009      7.15          0.50 - 2.30        33.66 - 36.09

MIST Met/Eaton Vance               2013      3.11          1.15 - 2.05          1.73 - 2.65
   Floating Rate Investment        2012      3.27          1.15 - 2.05          5.14 - 6.10
   Division (Commenced 5/3/2010)   2011      2.13          1.15 - 2.05        (0.06) - 0.84
                                   2010        --          1.15 - 2.05          1.81 - 2.42

MIST Met/Franklin Low              2013      0.94          0.50 - 2.05        (0.89) - 0.66
   Duration Total Return           2012      1.69          0.50 - 2.05          2.27 - 3.87
   Investment Division             2011        --          0.95 - 2.05      (2.63) - (1.92)
   (Commenced 5/2/2011)                                                                    

MIST Met/Templeton                 2013      1.97          1.15 - 2.00      (0.96) - (0.12)
   International Bond              2012      9.92          1.15 - 2.00        12.01 - 12.97
   Investment Division             2011      6.74          1.15 - 2.00      (2.30) - (1.47)
   (Commenced 5/4/2009)            2010      0.46          1.15 - 2.00        11.30 - 12.25
                                   2009        --          1.15 - 2.00          8.53 - 9.15

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                       AS OF DECEMBER 31                    
                                         ---------------------------------------------      
                                                         UNIT VALUE                         
                                                          LOWEST TO           NET           
                                             UNITS       HIGHEST ($)      ASSETS ($)        
                                         ------------  ---------------  --------------      
                                                                                            
MIST MetLife Aggressive            2013    12,315,616    14.47 - 30.96     228,507,697      
   Strategy Investment Division    2012     9,769,796    11.19 - 12.85     119,313,920      
   (Commenced 5/2/2011)            2011     9,693,030     9.81 - 11.06     102,483,285      

MIST MetLife Balanced Plus         2013   232,765,795    11.57 - 11.88   2,758,152,662      
   Investment Division             2012   146,453,494    10.31 - 10.51   1,536,558,887      
   (Commenced 5/2/2011)            2011    64,032,367      9.35 - 9.40     601,466,008      

MIST MetLife Growth Strategy       2013     6,489,136    12.77 - 13.95      86,580,389      
   Investment Division                                                                      
   (Commenced 4/29/2013)                                                                    

MIST MetLife Multi-Index           2013   231,254,962      1.12 - 1.13     261,549,603      
   Targeted Risk                   2012     6,808,899             1.01       6,903,413      
   Investment Division                                                                      
   (Commenced 11/12/2012)                                                                   

MIST MFS Emerging Markets          2013     4,752,160    10.37 - 11.29      53,202,058      
   Equity Investment Division      2012     4,236,736    11.16 - 12.02      50,543,249      
   (Commenced 11/7/2008            2011     4,108,037     9.61 - 10.22      41,739,144      
   and began transactions in 2009) 2010     2,608,505    12.08 - 12.72      32,997,742      
                                   2009       922,163    10.07 - 10.41       9,547,667      

MIST MFS Research International    2013    16,065,546     1.76 - 19.62     252,471,398      
   Investment Division             2012    17,677,847     1.50 - 16.57     232,797,238      
                                   2011    19,673,406     1.30 - 14.30     219,299,244      
                                   2010    20,874,325     1.48 - 16.11     258,478,220      
                                   2009    23,007,961     1.34 - 14.57     245,592,968      

MIST Morgan Stanley Mid Cap        2013    18,525,106     2.04 - 23.59     399,201,501      
   Growth Investment Division      2012    20,975,481     1.49 - 17.06     328,177,563      
   (Commenced 5/3/2010)            2011    23,184,585     1.38 - 15.69     331,439,430      
                                   2010    24,873,224     1.51 - 16.94     386,858,882      

MIST Oppenheimer Global            2013    13,534,026     1.16 - 28.50     284,310,727      
   Equity Investment Division      2012    10,404,769    16.31 - 22.58     219,397,966      
                                   2011    11,458,967    13.63 - 18.76     201,576,453      
                                   2010    11,471,149    15.07 - 20.63     223,279,060      
                                   2009    11,212,707    13.16 - 17.92     190,851,984      

MIST PIMCO Inflation               2013    37,956,426    13.20 - 16.18     559,896,326      
   Protected Bond                  2012    42,379,551    14.89 - 17.89     697,291,188      
   Investment Division             2011    39,768,473    13.97 - 16.47     607,250,028      
                                   2010    33,648,714    12.86 - 14.87     467,910,969      
                                   2009    24,705,878    12.21 - 13.86     322,661,010      

MIST PIMCO Total Return            2013    67,960,498     1.75 - 19.51   1,166,300,320      
   Investment Division             2012    69,856,684     1.81 - 19.99   1,226,100,483      
                                   2011    69,538,746     1.68 - 18.38   1,123,078,623      
                                   2010    67,513,724     1.65 - 17.91   1,048,658,444      
                                   2009    53,386,890     1.54 - 16.64     745,981,638      


                                                    FOR THE YEAR ENDED DECEMBER 31          
                                         ---------------------------------------------------
                                          INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                             INCOME          LOWEST TO          LOWEST TO   
                                            RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                          -------------  ----------------  -----------------
                                                                                            
MIST MetLife Aggressive            2013       0.59          0.50 - 2.30        16.29 - 28.86
   Strategy Investment Division    2012       0.69          0.50 - 2.30        14.07 - 16.16
   (Commenced 5/2/2011)            2011         --          0.50 - 2.30    (14.87) - (13.84)

MIST MetLife Balanced Plus         2013       1.12          1.15 - 2.15        11.93 - 13.05
   Investment Division             2012         --          1.15 - 2.30         4.01 - 11.81
   (Commenced 5/2/2011)            2011       0.29          1.15 - 2.00      (6.52) - (6.00)

MIST MetLife Growth Strategy       2013         --          0.50 - 2.05        14.22 - 15.43
   Investment Division                                                                      
   (Commenced 4/29/2013)                                                                    

MIST MetLife Multi-Index           2013       0.56          1.15 - 2.10        10.60 - 11.65
   Targeted Risk                   2012         --          1.15 - 1.80          2.59 - 2.68
   Investment Division                                                                      
   (Commenced 11/12/2012)                                                                   

MIST MFS Emerging Markets          2013       1.05          1.15 - 2.25      (7.10) - (6.07)
   Equity Investment Division      2012       0.74          1.15 - 2.25        16.24 - 17.53
   (Commenced 11/7/2008            2011       1.34          1.15 - 2.25    (20.51) - (19.64)
   and began transactions in 2009) 2010       0.84          1.15 - 2.25        20.90 - 22.24
                                   2009       0.16          1.15 - 2.05        65.54 - 67.02

MIST MFS Research International    2013       2.62          0.50 - 2.30        16.55 - 18.66
   Investment Division             2012       1.98          0.50 - 2.30        14.04 - 16.12
                                   2011       1.96          0.50 - 2.30    (12.74) - (11.15)
                                   2010       1.81          0.50 - 2.30         8.88 - 10.85
                                   2009       3.18          0.50 - 2.30        28.57 - 30.91

MIST Morgan Stanley Mid Cap        2013       0.76          0.50 - 2.30        35.86 - 38.33
   Growth Investment Division      2012         --          0.50 - 2.30          6.78 - 8.73
   (Commenced 5/3/2010)            2011       0.71          0.50 - 2.30      (9.03) - (7.26)
                                   2010         --          0.50 - 2.30        15.85 - 16.84

MIST Oppenheimer Global            2013       1.77          0.50 - 2.30        15.42 - 26.60
   Equity Investment Division      2012       1.53          0.65 - 2.30        18.41 - 20.73
                                   2011       1.88          0.65 - 2.30     (10.48) - (8.82)
                                   2010       1.45          0.65 - 2.30        13.29 - 15.48
                                   2009       2.42          0.65 - 2.30        36.62 - 39.41

MIST PIMCO Inflation               2013       2.20          0.50 - 2.30     (11.34) - (9.57)
   Protected Bond                  2012       3.01          0.50 - 2.30          6.64 - 8.62
   Investment Division             2011       1.61          0.50 - 2.30         8.62 - 10.77
                                   2010       2.26          0.50 - 2.30          5.32 - 7.31
                                   2009       3.28          0.50 - 2.30        15.37 - 17.60

MIST PIMCO Total Return            2013       4.24          0.50 - 2.30      (4.15) - (2.36)
   Investment Division             2012       3.16          0.50 - 2.30          6.77 - 8.85
                                   2011       2.72          0.50 - 2.30          0.83 - 2.76
                                   2010       3.43          0.50 - 2.30          5.71 - 7.71
                                   2009       6.78          0.50 - 2.30        15.34 - 17.63


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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                       AS OF DECEMBER 31                   
                                         ---------------------------------------------     
                                                          UNIT VALUE                       
                                                           LOWEST TO          NET          
                                             UNITS        HIGHEST ($)     ASSETS ($)       
                                         ------------  ---------------  --------------     
                                                                                           
MIST Pioneer Strategic Income      2013     2,428,961    24.67 - 29.42      69,401,877     
   Investment Division             2012     2,454,674    24.83 - 29.35      70,080,765     
   (Commenced 11/7/2008            2011     2,135,286    22.75 - 26.64      55,464,787     
   and began transactions in 2009) 2010     1,345,150    22.44 - 26.04      34,118,467     
                                   2009       323,516    20.44 - 23.51       7,426,917     

MIST Pyramis Government            2013    52,430,597    10.09 - 10.37     541,918,855     
   Income Investment Division      2012    54,809,703    10.80 - 10.99     600,925,084     
   (Commenced 5/2/2011)            2011    18,617,176    10.71 - 10.77     200,414,660     

MIST Pyramis Managed Risk          2013     5,324,485    10.71 - 10.77      57,316,477     
   Investment Division                                                                     
   (Commenced 4/29/2013)                                                                   

MIST Schroders Global              2013   307,834,445      1.15 - 1.16     357,921,883     
   Multi-Asset Investment          2012   121,622,449      1.06 - 1.07     130,034,225     
   Division                                                                                
   (Commenced 4/30/2012)                                                                   

MIST SSgA Growth and Income        2013    67,092,231    13.39 - 15.54     979,735,898     
   ETF Investment Division         2012    70,205,649    12.14 - 13.83     919,015,955     
                                   2011    69,044,794    11.01 - 12.32     811,024,282     
                                   2010    49,243,201    11.14 - 12.25     579,390,787     
                                   2009    17,209,210    10.16 - 10.97     182,595,296     

MIST SSgA Growth ETF               2013    10,380,683    13.32 - 15.46     150,739,383     
   Investment Division             2012     9,321,683    11.55 - 13.16     116,064,976     
                                   2011     8,738,265    10.27 - 11.50      95,770,056     
                                   2010     7,423,121    10.74 - 11.81      84,197,233     
                                   2009     5,430,802     9.63 - 10.39      54,665,570     

MIST T. Rowe Price Mid Cap         2013    25,949,981     1.54 - 26.45     393,848,239     
   Growth Investment Division      2012    26,770,501     1.15 - 19.50     300,330,183     
                                   2011    28,074,170     1.02 - 17.28     276,466,812     
                                   2010    26,424,580     1.05 - 17.69     269,741,582     
                                   2009    24,198,838     0.84 - 13.94     191,894,410     

MIST Third Avenue Small Cap        2013       677,162    23.78 - 26.89      16,848,467     
   Value Investment Division       2012       650,739    18.24 - 20.40      12,367,720     
                                   2011       611,373    15.70 - 17.38       9,963,715     
                                   2010       553,242    17.52 - 19.19      10,020,158     
                                   2009       506,685    14.84 - 16.09       7,743,513     

MSF Baillie Gifford                2013    11,503,447     1.53 - 18.18     162,561,055     
   International Stock             2012    12,744,728     1.34 - 15.88     157,488,412     
   Investment Division             2011    14,325,010     1.14 - 13.42     149,064,918     
                                   2010    15,081,511     1.44 - 16.90     196,319,126     
                                   2009    15,981,027     1.36 - 15.91     197,024,423     

MSF Barclays Aggregate Bond        2013    71,440,893     1.63 - 18.49   1,173,488,783     
   Index Investment Division       2012    67,675,314     1.69 - 19.06   1,150,681,701     
                                   2011    67,360,242     1.65 - 18.49   1,115,074,009     
                                   2010    67,541,233     1.56 - 17.32   1,054,370,494     
                                   2009    60,512,287     1.50 - 16.47     901,723,219     


                                                   FOR THE YEAR ENDED DECEMBER 31          
                                         --------------------------------------------------
                                         INVESTMENT(1)  EXPENSE RATIO(2)    TOTAL RETURN(3)
                                            INCOME          LOWEST TO          LOWEST TO   
                                           RATIO (%)       HIGHEST (%)        HIGHEST (%)  
                                         -------------  ----------------  -----------------
                                                                                           
MIST Pioneer Strategic Income      2013      5.02          1.15 - 2.05        (0.65) - 0.25
   Investment Division             2012      4.73          1.15 - 2.05         9.18 - 10.17
   (Commenced 11/7/2008            2011      4.31          1.15 - 2.05          1.36 - 2.28
   and began transactions in 2009) 2010      3.53          1.15 - 2.05         9.77 - 10.76
                                   2009      0.48          1.15 - 2.05        30.07 - 31.25

MIST Pyramis Government            2013      1.51          1.15 - 2.15      (6.55) - (5.61)
   Income Investment Division      2012      0.01          1.15 - 2.15          0.94 - 1.96
   (Commenced 5/2/2011)            2011      0.95          1.15 - 2.00          7.14 - 7.75

MIST Pyramis Managed Risk          2013      1.64          1.15 - 2.00          4.83 - 5.43
   Investment Division                                                                     
   (Commenced 4/29/2013)                                                                   

MIST Schroders Global              2013      0.01          1.15 - 2.15          7.77 - 8.85
   Multi-Asset Investment          2012      1.65          1.15 - 2.30          5.04 - 5.86
   Division                                                                                
   (Commenced 4/30/2012)                                                                   

MIST SSgA Growth and Income        2013      2.50          0.50 - 2.30        10.36 - 12.37
   ETF Investment Division         2012      2.35          0.50 - 2.30        10.27 - 12.28
                                   2011      1.66          0.50 - 2.30        (1.23) - 0.56
                                   2010      1.07          0.50 - 2.30         9.69 - 11.68
                                   2009      1.00          0.50 - 2.30        22.04 - 24.27

MIST SSgA Growth ETF               2013      2.03          0.50 - 2.30        15.39 - 17.48
   Investment Division             2012      1.93          0.50 - 2.30        12.40 - 14.46
                                   2011      1.59          0.50 - 2.30      (4.36) - (2.62)
                                   2010      1.40          0.50 - 2.30        11.56 - 13.58
                                   2009      1.01          0.50 - 2.30        26.17 - 28.45

MIST T. Rowe Price Mid Cap         2013      0.24          0.50 - 2.30        33.47 - 35.90
   Growth Investment Division      2012        --          0.50 - 2.30        11.08 - 13.11
                                   2011        --          0.50 - 2.30      (3.88) - (2.14)
                                   2010        --          0.50 - 2.30        24.78 - 27.04
                                   2009        --          0.50 - 2.30        42.12 - 44.74

MIST Third Avenue Small Cap        2013      0.94          0.50 - 1.55        30.41 - 31.79
   Value Investment Division       2012        --          0.50 - 1.55        16.16 - 17.40
                                   2011      1.05          0.50 - 1.55     (10.38) - (9.44)
                                   2010      1.13          0.50 - 1.55        18.05 - 19.30
                                   2009      1.12          0.50 - 1.55        24.51 - 25.82

MSF Baillie Gifford                2013      1.55          0.95 - 2.30        12.52 - 14.46
   International Stock             2012      1.27          0.65 - 2.30        16.64 - 18.74
   Investment Division             2011      1.71          0.65 - 2.30    (21.95) - (20.39)
                                   2010      1.50          0.65 - 2.30          4.43 - 6.52
                                   2009      0.60          0.95 - 2.30        19.12 - 21.03

MSF Barclays Aggregate Bond        2013      3.36          0.50 - 2.30      (4.75) - (2.96)
   Index Investment Division       2012      3.58          0.50 - 2.30          1.26 - 3.23
                                   2011      3.44          0.50 - 2.30          4.85 - 6.82
                                   2010      3.52          0.50 - 2.30          3.30 - 5.37
                                   2009      5.60          0.50 - 2.30          2.59 - 4.49

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                  AS OF DECEMBER 31                  
                                    ---------------------------------------------    
                                                     UNIT VALUE                      
                                                      LOWEST TO          NET         
                                        UNITS        HIGHEST ($)     ASSETS ($)      
                                    ------------  ---------------  --------------    
                                                                                     
MSF BlackRock Bond Income     2013    11,954,730     6.26 - 75.22     478,446,482    
   Investment Division        2012    12,916,416     6.40 - 76.37     513,127,216    
                              2011    13,863,749     6.03 - 71.54     503,747,574    
                              2010    14,977,082     5.73 - 67.64     500,008,866    
                              2009    15,377,793     5.36 - 62.90     442,133,515    

MSF BlackRock Capital         2013     8,057,400     4.45 - 50.10     189,056,520    
   Appreciation Investment    2012     9,513,547     3.36 - 37.60     164,222,677    
   Division                   2011    10,497,393     2.98 - 33.13     154,395,881    
                              2010    10,566,230     3.32 - 36.65     147,006,605    
                              2009    11,310,287     2.81 - 30.83     114,584,021    

MSF BlackRock Diversified     2013    14,891,417    17.78 - 65.71     680,740,979    
   Investment Division        2012    16,477,433    14.88 - 55.00     632,285,328    
                              2011    18,361,628    13.37 - 49.41     634,685,560    
                              2010    20,865,957    13.00 - 48.05     703,823,057    
                              2009    23,518,536    11.97 - 44.24     732,160,930    

MSF BlackRock Large Cap       2013    16,552,949     1.65 - 18.02     270,163,032    
   Value Investment Division  2012    17,523,603     1.27 - 13.74     220,191,829    
                              2011    18,527,061     0.81 - 12.12     206,549,406    
                              2010    17,848,335     1.12 - 11.94     195,798,773    
                              2009    16,843,730     1.04 - 11.01     171,711,377    

MSF BlackRock Money Market    2013     6,205,342     2.42 - 23.99      83,385,113    
   Investment Division        2012     6,582,029     2.45 - 24.28      88,984,812    
                              2011     7,581,515     2.48 - 24.59      87,677,129    
                              2010     7,489,620     2.52 - 24.90      76,398,280    
                              2009     9,055,515     2.55 - 25.21      78,480,535    

MSF Davis Venture Value       2013    18,314,242     4.81 - 54.05     659,765,479    
   Investment Division        2012    20,783,231     3.65 - 40.74     562,306,956    
                              2011    23,022,534     3.28 - 36.35     549,949,416    
                              2010    24,503,478     3.46 - 38.17     590,814,367    
                              2009    24,861,457     3.13 - 34.34     500,253,145    

MSF Frontier Mid Cap Growth   2013    10,027,102    18.72 - 75.25     515,676,513    
   Investment Division        2012    11,188,890    14.31 - 57.22     439,241,102    
                              2011    12,356,496    13.09 - 52.05     441,856,480    
                              2010    13,591,177    13.70 - 54.17     506,917,230    
                              2009    14,747,259    12.07 - 47.42     479,958,097    

MSF Jennison Growth           2013    20,447,446     0.81 - 20.64     177,299,348    
   Investment Division        2012    24,173,265     0.60 - 15.21     154,053,950    
                              2011    15,846,735     0.52 - 13.26      82,954,033    
                              2010    12,651,183     0.53 - 13.32      67,839,064    
                              2009    10,221,743     0.48 - 12.05      48,019,094    

MSF Loomis Sayles Small Cap   2013     6,113,748     5.84 - 65.98     203,229,729    
   Core Investment Division   2012     6,753,486     4.19 - 47.14     157,335,875    
                              2011     7,753,152     3.71 - 41.46     152,652,688    
                              2010     8,483,306     3.74 - 41.52     158,697,696    
                              2009     9,510,756     2.97 - 32.81     134,569,722    


                                              FOR THE YEAR ENDED DECEMBER 31         
                                    -------------------------------------------------
                                    INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                       INCOME          LOWEST TO         LOWEST TO   
                                      RATIO (%)       HIGHEST (%)       HIGHEST (%)  
                                    -------------  ----------------  ----------------
                                                                                     
MSF BlackRock Bond Income     2013      3.87          0.50 - 2.30     (3.26) - (1.41)
   Investment Division        2012      2.59          0.50 - 2.30         4.83 - 6.85
                              2011      3.88          0.50 - 2.30         3.89 - 5.88
                              2010      3.80          0.50 - 2.30         5.61 - 7.64
                              2009      6.79          0.50 - 2.30         6.70 - 8.76

MSF BlackRock Capital         2013      0.64          0.50 - 2.30       30.86 - 33.35
   Appreciation Investment    2012      0.10          0.50 - 2.30       11.47 - 13.63
   Division                   2011      0.03          0.50 - 2.30    (11.22) - (9.54)
                              2010      0.07          0.50 - 2.30       16.75 - 19.05
                              2009      0.39          0.50 - 2.30       33.41 - 35.90

MSF BlackRock Diversified     2013      2.46          0.95 - 2.30       14.65 - 19.46
   Investment Division        2012      2.28          0.95 - 2.30        2.13 - 11.32
                              2011      2.43          0.95 - 2.30         1.24 - 2.83
                              2010      1.90          0.95 - 2.30         6.83 - 8.62
                              2009      5.14          0.95 - 2.30       14.34 - 16.20

MSF BlackRock Large Cap       2013      1.18          0.50 - 2.30       28.75 - 31.09
   Value Investment Division  2012      1.42          0.50 - 2.30       11.37 - 13.40
                              2011      0.92          0.50 - 2.30       (1.37) - 2.11
                              2010      0.86          0.50 - 2.30         6.45 - 8.38
                              2009      1.35          0.50 - 2.30        8.53 - 10.51

MSF BlackRock Money Market    2013        --          0.95 - 2.25     (2.23) - (0.94)
   Investment Division        2012        --          0.95 - 2.30     (2.29) - (0.94)
                              2011        --          0.95 - 2.30     (2.26) - (0.94)
                              2010        --          0.95 - 2.30     (2.28) - (0.93)
                              2009      0.33          0.95 - 2.30     (2.03) - (0.52)

MSF Davis Venture Value       2013      1.22          0.50 - 2.30       30.33 - 32.84
   Investment Division        2012      0.66          0.50 - 2.30       10.04 - 12.13
                              2011      0.98          0.50 - 2.30     (6.44) - (4.65)
                              2010      0.86          0.50 - 2.30        9.17 - 11.27
                              2009      1.35          0.50 - 2.30       28.66 - 31.14

MSF Frontier Mid Cap Growth   2013      1.24          0.95 - 2.30       29.42 - 31.52
   Investment Division        2012        --          0.95 - 2.30         8.16 - 9.93
                              2011      0.27          0.95 - 2.30     (5.44) - (3.91)
                              2010      0.06          0.95 - 2.30       12.38 - 14.22
                              2009      0.18          0.95 - 2.30       45.67 - 48.03

MSF Jennison Growth           2013      0.25          0.50 - 2.30       33.62 - 36.05
   Investment Division        2012      0.05          0.50 - 2.30      (4.18) - 14.69
                              2011      0.11          0.95 - 2.30     (2.06) - (0.42)
                              2010      0.45          0.95 - 2.30        8.78 - 10.58
                              2009      0.08          0.95 - 2.30       36.39 - 38.70

MSF Loomis Sayles Small Cap   2013      0.30          0.50 - 2.30       37.49 - 39.98
   Core Investment Division   2012        --          0.50 - 2.30       11.66 - 13.70
                              2011      0.04          0.50 - 2.30     (1.94) - (0.16)
                              2010      0.03          0.50 - 2.30       24.32 - 26.57
                              2009      0.12          0.50 - 2.30       26.97 - 29.28

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                       AS OF DECEMBER 31                   
                                         --------------------------------------------      
                                                         UNIT VALUE                        
                                                          LOWEST TO          NET           
                                             UNITS       HIGHEST ($)     ASSETS ($)        
                                         ------------  ---------------  -------------      
                                                                                           
MSF Loomis Sayles Small Cap        2013     3,797,741     1.75 - 21.20     64,392,848      
   Growth Investment Division      2012     3,652,206     1.19 - 14.40     41,493,878      
                                   2011     4,424,648     1.09 - 13.07     46,369,339      
                                   2010     4,256,184     1.08 - 12.81     43,602,855      
                                   2009     4,562,561      0.83 - 9.82     36,176,490      

MSF Met/Artisan Mid Cap            2013     7,335,193     5.00 - 56.20    268,786,607      
   Value Investment Division       2012     8,082,313     3.71 - 41.38    212,602,997      
                                   2011     9,138,238     3.36 - 37.27    212,168,332      
                                   2010    10,171,808     3.19 - 35.17    217,605,252      
                                   2009    11,496,387     2.81 - 30.80    210,520,522      

MSF Met/Dimensional                2013       280,753    20.14 - 21.10      5,887,254      
   International Small Company     2012       283,529    16.15 - 16.73      4,719,389      
   Investment Division             2011       284,129    13.97 - 14.35      4,062,760      
   (Commenced 11/7/2008            2010       194,434    17.02 - 17.34      3,362,782      
   and began transactions in 2009) 2009        76,087    14.17 - 14.31      1,087,279      

MSF MetLife Conservative           2013    39,245,169    12.88 - 15.00    550,180,374      
   Allocation Investment           2012    43,441,164    12.59 - 14.45    591,422,970      
   Division                        2011    40,920,905    11.80 - 13.30    516,749,285      
                                   2010    34,931,385    11.69 - 12.95    432,541,976      
                                   2009    25,915,327    10.87 - 11.83    295,306,945      

MSF MetLife Conservative to        2013   100,157,296    13.47 - 15.75  1,476,093,805      
   Moderate Allocation             2012   105,124,056    12.43 - 14.27  1,413,830,336      
   Investment Division             2011   105,687,728    11.41 - 12.87  1,291,252,079      
                                   2010    92,893,969    11.56 - 12.80  1,137,111,581      
                                   2009    73,016,806    10.60 - 11.53    811,434,046      

MSF MetLife Mid Cap Stock          2013    20,854,130     2.56 - 28.72    532,114,735      
   Index Investment Division       2012    21,893,382     1.95 - 21.73    424,114,372      
                                   2011    23,078,700     1.69 - 19.40    384,380,587      
                                   2010    23,301,277     1.75 - 19.13    396,881,128      
                                   2009    23,602,002     1.41 - 15.26    319,741,957      

MSF MetLife Moderate               2013   291,429,454    13.97 - 16.33  4,454,029,359      
   Allocation Investment           2012   298,818,839    12.11 - 13.91  3,918,217,622      
   Division                        2011   307,124,843    10.95 - 12.34  3,601,073,971      
                                   2010   270,336,724    11.36 - 12.58  3,253,209,310      
                                   2009   197,414,896    10.27 - 11.17  2,125,104,855      

MSF MetLife Moderate to            2013   125,138,998    14.27 - 16.68  1,955,179,905      
   Aggressive Allocation           2012   129,396,377    11.75 - 13.49  1,645,757,850      
   Investment Division             2011   136,308,678    10.42 - 11.75  1,520,709,941      
                                   2010   138,767,656    11.08 - 12.27  1,628,677,260      
                                   2009   140,559,044     9.88 - 10.75  1,456,360,305      

MSF MetLife Stock Index            2013    53,012,896     5.78 - 70.71  3,062,136,452      
   Investment Division             2012    59,173,051     4.45 - 53.96  2,620,060,354      
                                   2011    64,969,064     3.91 - 46.98  2,511,243,451      
                                   2010    69,017,391     3.90 - 46.46  2,646,303,266      
                                   2009    71,097,931     3.45 - 40.78  2,393,363,534      


                                                   FOR THE YEAR ENDED DECEMBER 31          
                                         --------------------------------------------------
                                         INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3) 
                                            INCOME          LOWEST TO         LOWEST TO    
                                           RATIO (%)       HIGHEST (%)       HIGHEST (%)   
                                         -------------  ----------------  -----------------
                                                                                           
MSF Loomis Sayles Small Cap        2013        --          0.50 - 2.15        45.23 - 47.64
   Growth Investment Division      2012        --          0.50 - 2.30         8.36 - 10.34
                                   2011        --          0.50 - 2.30          0.41 - 2.23
                                   2010        --          0.50 - 2.30        28.37 - 30.68
                                   2009        --          0.50 - 2.30        26.72 - 29.03

MSF Met/Artisan Mid Cap            2013      0.86          0.50 - 2.30        33.41 - 35.83
   Value Investment Division       2012      0.89          0.50 - 2.30         9.03 - 11.02
                                   2011      0.87          0.50 - 2.30          4.08 - 5.96
                                   2010      0.68          0.50 - 2.30        12.15 - 14.19
                                   2009      0.99          0.50 - 2.30        37.98 - 40.49

MSF Met/Dimensional                2013      1.74          1.15 - 2.05        25.01 - 26.14
   International Small Company     2012      2.17          1.15 - 2.00        15.56 - 16.55
   Investment Division             2011      1.91          1.15 - 2.00    (17.91) - (17.21)
   (Commenced 11/7/2008            2010      1.16          1.15 - 2.00        20.16 - 21.19
   and began transactions in 2009) 2009        --          1.15 - 2.00        39.89 - 41.08

MSF MetLife Conservative           2013      2.89          0.50 - 2.25          1.97 - 3.77
   Allocation Investment           2012      3.12          0.50 - 2.30          6.68 - 8.63
   Division                        2011      2.29          0.50 - 2.30          0.91 - 2.74
                                   2010      3.47          0.50 - 2.30          7.55 - 9.50
                                   2009      2.96          0.50 - 2.30        17.79 - 19.91

MSF MetLife Conservative to        2013      2.52          0.50 - 2.30         8.40 - 10.37
   Moderate Allocation             2012      2.89          0.50 - 2.30         8.91 - 10.90
   Investment Division             2011      2.04          0.50 - 2.30        (1.24) - 0.55
                                   2010      3.28          0.50 - 2.30         8.99 - 10.97
                                   2009      3.04          0.50 - 2.30        20.87 - 23.06

MSF MetLife Mid Cap Stock          2013      1.00          0.50 - 2.30        29.81 - 32.17
   Index Investment Division       2012      0.84          0.50 - 2.30        14.65 - 16.74
                                   2011      0.77          0.50 - 2.30      (4.41) - (2.53)
                                   2010      0.88          0.50 - 2.30        23.14 - 25.37
                                   2009      1.65          0.50 - 2.30        33.67 - 36.09

MSF MetLife Moderate               2013      1.94          0.50 - 2.30        15.30 - 17.40
   Allocation Investment           2012      2.31          0.50 - 2.30        10.65 - 12.67
   Division                        2011      1.50          0.50 - 2.30      (3.61) - (1.86)
                                   2010      2.43          0.50 - 2.30        10.60 - 12.61
                                   2009      2.71          0.50 - 2.30        23.65 - 25.90

MSF MetLife Moderate to            2013      1.46          0.50 - 2.30        21.49 - 23.69
   Aggressive Allocation           2012      1.92          0.50 - 2.30        12.75 - 14.81
   Investment Division             2011      1.42          0.50 - 2.30      (5.96) - (4.25)
                                   2010      2.14          0.50 - 2.30        12.10 - 14.13
                                   2009      2.49          0.50 - 2.30        26.16 - 28.46

MSF MetLife Stock Index            2013      1.77          0.50 - 2.30        28.71 - 31.17
   Investment Division             2012      1.70          0.50 - 2.30         2.28 - 15.01
                                   2011      1.60          0.50 - 2.30        (0.67) - 1.18
                                   2010      1.69          0.50 - 2.30        11.89 - 14.08
                                   2009      2.63          0.50 - 2.30        23.06 - 25.42

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONTINUED)              

8.  FINANCIAL HIGHLIGHTS -- (CONTINUED)                                         

                                                        [Enlarge/Download Table]

                                                      AS OF DECEMBER 31                   
                                        --------------------------------------------      
                                                        UNIT VALUE                        
                                                         LOWEST TO          NET           
                                            UNITS       HIGHEST ($)     ASSETS ($)        
                                        ------------  ---------------  -------------      
                                                                                          
MSF MFS Total Return              2013     5,458,053     6.29 - 73.12    155,581,004      
   Investment Division            2012     5,978,496     5.35 - 61.91    138,805,577      
                                  2011     6,944,475     4.86 - 55.90    135,335,283      
                                  2010     7,658,769     4.81 - 54.99    142,302,103      
                                  2009     8,470,625     4.43 - 50.34    133,692,456      

MSF MFS Value Investment          2013    29,015,560     1.18 - 22.95    519,644,727      
   Division                       2012    21,031,945     1.38 - 17.15    293,940,083      
                                  2011    22,395,513     1.20 - 14.91    271,032,881      
                                  2010    23,312,590     1.21 - 14.99    280,199,767      
                                  2009    22,877,144     1.10 - 13.64    249,421,604      

MSF MSCI EAFE Index               2013    34,230,690     1.55 - 20.56    534,853,073      
   Investment Division            2012    36,718,700     1.29 - 17.03    476,584,802      
                                  2011    38,516,192     1.11 - 14.53    428,461,169      
                                  2010    36,009,259     1.29 - 16.76    462,135,393      
                                  2009    33,890,643     1.21 - 15.64    407,182,564      

MSF Neuberger Berman              2013    15,386,093     1.26 - 28.30    368,249,828      
   Genesis Investment Division    2012    14,721,611     1.90 - 20.58    254,522,484      
                                  2011    16,685,101     1.75 - 18.85    263,644,663      
                                  2010    18,897,311     1.68 - 17.96    284,284,918      
                                  2009    21,389,031     1.40 - 14.87    265,456,589      

MSF Russell 2000 Index            2013    13,027,524     2.67 - 30.42    347,868,995      
   Investment Division            2012    14,020,186     1.96 - 22.12    272,948,994      
                                  2011    14,971,453     1.71 - 19.16    253,478,593      
                                  2010    15,715,274     1.81 - 20.12    280,017,667      
                                  2009    16,192,484     1.45 - 15.97    230,205,898      

MSF T. Rowe Price Large Cap       2013    19,750,468     9.02 - 25.21    427,299,444      
   Growth Investment Division     2012    11,787,393    14.15 - 18.25    196,268,660      
                                  2011    12,337,838    12.20 - 15.46    174,880,384      
                                  2010    13,494,657    12.65 - 15.75    195,957,544      
                                  2009    14,615,966    11.09 - 13.56    183,761,502      

MSF T. Rowe Price Small Cap       2013    12,811,027    24.85 - 34.30    395,500,809      
   Growth Investment Division     2012    13,154,613    17.45 - 23.91    284,907,213      
                                  2011    14,031,031    15.25 - 20.73    265,121,409      
                                  2010    14,000,629    15.22 - 20.54    264,120,256      
                                  2009    12,978,831    11.44 - 15.33    184,207,700      

MSF Van Eck Global Natural        2013     2,406,616    16.51 - 17.30     41,407,912      
   Resources Investment Division  2012     2,611,674    15.22 - 15.80     41,078,664      
   (Commenced 5/4/2009)           2011     2,291,756    15.14 - 15.58     35,583,743      
                                  2010     1,309,383    18.55 - 18.92     24,700,698      
                                  2009       379,256    14.68 - 14.83      5,613,926      

MSF Western Asset                 2013     9,226,838     3.07 - 34.50    230,763,494      
   Management Strategic Bond      2012    10,345,790     3.08 - 34.39    254,116,128      
   Opportunities Investment       2011    11,333,345     2.80 - 31.05    248,899,097      
   Division                       2010    13,288,962     2.67 - 29.49    275,410,258      
                                  2009    13,614,452     2.40 - 26.35    251,254,370      


                                                  FOR THE YEAR ENDED DECEMBER 31          
                                        --------------------------------------------------
                                        INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3) 
                                           INCOME          LOWEST TO         LOWEST TO    
                                          RATIO (%)       HIGHEST (%)       HIGHEST (%)   
                                        -------------  ----------------  -----------------
                                                                                          
MSF MFS Total Return              2013      2.46          0.50 - 2.15        16.18 - 18.11
   Investment Division            2012      2.74          0.50 - 2.30         8.76 - 10.75
                                  2011      2.63          0.50 - 2.30        (0.16) - 1.65
                                  2010      2.91          0.50 - 2.30          7.30 - 9.25
                                  2009      4.16          0.50 - 2.30        15.61 - 17.71

MSF MFS Value Investment          2013      1.35          0.50 - 2.30        16.96 - 34.85
   Division                       2012      1.80          0.50 - 2.30         2.89 - 15.89
                                  2011      1.44          0.50 - 2.30        (1.65) - 0.14
                                  2010      1.31          0.50 - 2.30         8.66 - 10.63
                                  2009        --          0.50 - 2.30        17.83 - 19.98

MSF MSCI EAFE Index               2013      2.93          0.50 - 2.30        18.76 - 20.91
   Investment Division            2012      2.90          0.50 - 2.30        15.33 - 17.56
                                  2011      2.30          0.50 - 2.30    (14.63) - (13.06)
                                  2010      2.56          0.50 - 2.30          5.46 - 7.50
                                  2009      4.12          0.50 - 2.30        25.36 - 27.84

MSF Neuberger Berman              2013      0.62          0.50 - 2.30        25.79 - 37.50
   Genesis Investment Division    2012      0.27          0.50 - 2.30          7.25 - 9.20
                                  2011      0.67          0.50 - 2.30          3.11 - 4.98
                                  2010      0.43          0.50 - 2.30        10.18 - 20.74
                                  2009      1.00          0.50 - 2.30        10.27 - 12.28

MSF Russell 2000 Index            2013      1.43          0.50 - 2.30        35.04 - 37.66
   Investment Division            2012      1.03          0.50 - 2.30        13.40 - 15.59
                                  2011      0.96          0.50 - 2.30      (6.46) - (4.71)
                                  2010      1.00          0.50 - 2.30        23.70 - 26.10
                                  2009      1.91          0.50 - 2.30        22.81 - 25.20

MSF T. Rowe Price Large Cap       2013      0.12          0.50 - 2.30        26.92 - 38.08
   Growth Investment Division     2012      0.06          0.50 - 2.30       (1.73) - 18.20
                                  2011      0.04          0.50 - 2.30      (3.57) - (1.75)
                                  2010      0.17          0.50 - 2.30        14.08 - 16.30
                                  2009      0.48          0.50 - 2.30        39.79 - 42.51

MSF T. Rowe Price Small Cap       2013      0.24          0.50 - 2.30        40.90 - 43.45
   Growth Investment Division     2012        --          0.50 - 2.30        13.26 - 15.42
                                  2011        --          0.50 - 2.30        (0.86) - 1.11
                                  2010        --          0.50 - 2.30        31.60 - 34.02
                                  2009      0.27          0.50 - 2.30        35.49 - 38.07

MSF Van Eck Global Natural        2013      0.64          1.15 - 2.05          8.51 - 9.49
   Resources Investment Division  2012        --          1.15 - 2.05          0.49 - 1.40
   (Commenced 5/4/2009)           2011      1.07          1.15 - 2.05    (18.36) - (17.63)
                                  2010      0.23          1.15 - 2.05        26.41 - 27.55
                                  2009        --          1.15 - 2.05        35.13 - 35.96

MSF Western Asset                 2013      4.90          0.50 - 2.30        (1.47) - 0.44
   Management Strategic Bond      2012      3.49          0.50 - 2.30         8.75 - 10.77
   Opportunities Investment       2011      5.01          0.50 - 2.30          3.43 - 5.45
   Division                       2010      5.95          0.50 - 2.30         9.90 - 12.00
                                  2009      6.51          0.50 - 2.30        28.90 - 31.36

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METROPOLITAN LIFE SEPARATE ACCOUNT E              
OF METROPOLITAN LIFE INSURANCE COMPANY              
NOTES TO THE FINANCIAL STATEMENTS -- (CONCLUDED)              

8.  FINANCIAL HIGHLIGHTS -- (CONCLUDED)                                         

                                                        [Enlarge/Download Table]

                                                   AS OF DECEMBER 31                  
                                     --------------------------------------------     
                                                     UNIT VALUE                       
                                                      LOWEST TO          NET          
                                         UNITS       HIGHEST ($)     ASSETS ($)       
                                     ------------  ---------------  -------------     
                                                                                      
MSF Western Asset              2013    12,256,251     1.89 - 21.28    212,578,770     
   Management U.S. Government  2012    13,148,516     1.93 - 21.59    229,960,732     
   Investment Division         2011    14,053,184     1.90 - 21.05    235,422,481     
                               2010    15,023,442     1.82 - 20.10    239,870,128     
                               2009    14,375,216     1.75 - 19.15    216,669,959     


                                               FOR THE YEAR ENDED DECEMBER 31         
                                     -------------------------------------------------
                                     INVESTMENT(1)  EXPENSE RATIO(2)   TOTAL RETURN(3)
                                        INCOME          LOWEST TO         LOWEST TO   
                                       RATIO (%)       HIGHEST (%)       HIGHEST (%)  
                                     -------------  ----------------  ----------------
                                                                                      
MSF Western Asset              2013      1.98          0.50 - 2.30     (3.16) - (1.40)
   Management U.S. Government  2012      1.92          0.50 - 2.30         0.69 - 2.70
   Investment Division         2011      1.33          0.50 - 2.30         2.88 - 4.83
                               2010      2.49          0.50 - 2.30         3.09 - 5.12
                               2009      4.26          0.50 - 2.30         1.71 - 3.56

1 These amounts represent the dividends, excluding distributions of capital   
  gains, received by the Investment Division from the underlying fund, series,
or portfolio, net of management fees assessed by the fund manager, divided
by the average net assets, regardless of share class, if any. These ratios
  exclude those expenses, such as mortality and expense risk charges, that are
assessed against contract owner accounts either through reductions in the 
unit values or the redemption of units. The investment income ratio is    
 calculated for each period indicated or from the effective date through the
end of the reporting period. The recognition of investment income by the  
Investment Division is affected by the timing of the declaration of       
dividends by the underlying fund, series, or portfolio in which the       
 Investment Division invests. The investment income ratio is calculated as a
weighted average ratio since the Investment Division may invest in two or 
 more share classes, within the underlying fund, series, or portfolio of the
Trusts which may have unique investment income ratios.                    

2 These amounts represent annualized contract expenses of each of the         
applicable Investment Divisions, consisting primarily of mortality and    
expense risk charges, for each period indicated. The ratios include only  
those expenses that result in a direct reduction to unit values. Charges  
  made directly to contract owner accounts through the redemption of units and
expenses of the underlying fund, series, or portfolio have been excluded. 

3 These amounts represent the total return for the period indicated, including
changes in the value of the underlying fund, series, or portfolio, and    
 expenses assessed through the reduction of unit values. These ratios do not
include any expenses assessed through the redemption of units. The total  
return is calculated for each period indicated or from the effective date 
 through the end of the reporting period. The total return is presented as a
range of minimum to maximum returns, based on the minimum and maximum     
returns within each product grouping of the applicable Investment         
Division.                                                                 

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Item 8. Financial Statements and Supplementary Data                             

Index to Consolidated Financial Statements, Notes and Schedules 

                                                        [Enlarge/Download Table]

                                                                                                    Page
                                                                                                    ----
                                                                                                        
Report of Independent Registered Public Accounting Firm............................................   2 
Financial Statements at December 31, 2013 and 2012 and for the Years Ended December 31, 2013, 2012      
  and 2011:                                                                                             
 Consolidated Balance Sheets.......................................................................   3 
 Consolidated Statements of Operations.............................................................   4 
 Consolidated Statements of Comprehensive Income (Loss)............................................   5 
 Consolidated Statements of Equity.................................................................   6 
 Consolidated Statements of Cash Flows.............................................................   9 
   Notes to the Consolidated Financial Statements..................................................  11 
     Note 1 -- Business, Basis of Presentation and Summary of Significant Accounting Policies......  11 
     Note 2 -- Segment Information.................................................................  31 
     Note 3 -- Discontinued Operations.............................................................  37 
     Note 4 -- Insurance...........................................................................  37 
     Note 5 -- Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-          
       Related Intangibles.........................................................................  45 
     Note 6 -- Reinsurance.........................................................................  49 
     Note 7 -- Closed Block........................................................................  55 
     Note 8 -- Investments.........................................................................  59 
     Note 9 -- Derivatives.........................................................................  85 
     Note 10 -- Fair Value.........................................................................  99 
     Note 11 -- Goodwill........................................................................... 129 
     Note 12 -- Long-term and Short-term Debt...................................................... 131 
     Note 13 -- Equity............................................................................. 134 
     Note 14 -- Other Expenses..................................................................... 144 
     Note 15 -- Employee Benefit Plans............................................................. 145 
     Note 16 -- Income Tax......................................................................... 157 
     Note 17 -- Contingencies, Commitments and Guarantees.......................................... 161 
     Note 18 -- Quarterly Results of Operations (Unaudited)........................................ 171 
     Note 19 -- Related Party Transactions......................................................... 171 
     Note 20 -- Subsequent Events.................................................................. 172 
Financial Statement Schedules at December 31, 2013 and 2012 and for the Years Ended December 31,        
  2013, 2012 and 2011:                                                                                  
 Schedule I -- Consolidated Summary of Investments -- Other Than Investments in Related Parties.... 173 
 Schedule III -- Consolidated Supplementary Insurance Information.................................. 174 
 Schedule IV -- Consolidated Reinsurance........................................................... 176 

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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

To the Board of Directors and Stockholder of                                    
Metropolitan Life Insurance Company:                                            

We have audited the accompanying consolidated balance sheets of Metropolitan    
Life Insurance Company and subsidiaries (the "Company") as of December 31, 2013 
and 2012, and the related consolidated statements of operations, comprehensive  
income (loss), equity, and cash flows for each of the three years in the period 
ended December 31, 2013. Our audits also included the financial statement       
schedules listed in the Index to Consolidated Financial Statements, Notes and   
Schedules. These consolidated financial statements and financial statement      
schedules are the responsibility of the Company's management. Our               
responsibility is to express an opinion on the consolidated financial           
statements and financial statement schedules based on our audits.               

We conducted our audits in accordance with the standards of the Public Company  
Accounting Oversight Board (United States). Those standards require that we     
plan and perform the audit to obtain reasonable assurance about whether the     
consolidated financial statements are free of material misstatement. The        
Company is not required to have, nor were we engaged to perform, an audit of    
its internal control over financial reporting. Our audits included              
consideration of internal control over financial reporting as a basis for       
designing audit procedures that are appropriate in the circumstances, but not   
for the purpose of expressing an opinion on the effectiveness of the Company's  
internal control over financial reporting. Accordingly, we express no such      
opinion. An audit also includes examining, on a test basis, evidence supporting 
the amounts and disclosures in the consolidated financial statements, assessing 
the accounting principles used and significant estimates made by management, as 
well as evaluating the overall financial statement presentation. We believe     
that our audits provide a reasonable basis for our opinion.                     

In our opinion, such consolidated financial statements present fairly, in all   
material respects, the financial position of Metropolitan Life Insurance        
Company and subsidiaries as of December 31, 2013 and 2012, and the results of   
their operations and their cash flows for each of the three years in the period 
ended December 31, 2013, in conformity with accounting principles generally     
accepted in the United States of America. Also, in our opinion, such financial  
statement schedules, when considered in relation to the basic consolidated      
financial statements taken as a whole, present fairly, in all material          
respects, the information set forth therein.                                    

/s/ DELOITTE & TOUCHE LLP                                                       

New York, New York                                                              
March 27, 2014                                                                  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Balance Sheets 
December 31, 2013 and 2012  

(In millions, except share and per share data)  

                                                        [Enlarge/Download Table]

                                                                                     2013         2012    
                                                                                 ------------ ------------
                                                                                                          
Assets                                                                                                    
Investments:                                                                                              
 Fixed maturity securities available-for-sale, at estimated fair value                                    
   (amortized cost: $165,371 and $164,757, respectively; includes $157 and                                
   $170, respectively, relating to variable interest entities).................. $    173,746 $    183,676
 Equity securities available-for-sale, at estimated fair value (cost: $1,813                              
   and $1,541, respectively)....................................................        1,892        1,499
 Trading and fair value option securities, at estimated fair value (includes                              
   $662 and $659, respectively, of actively traded securities; and $23 and $41,                           
   respectively, relating to variable interest entities)........................          723          752
 Mortgage loans (net of valuation allowances of $272 and $304, respectively;                              
   includes $338 and $0, respectively, under the fair value option).............       46,024       44,657
 Policy loans...................................................................        8,421        8,364
 Real estate and real estate joint ventures (includes $1,141 and $10,                                     
   respectively, relating to variable interest entities; includes $40 and $1,                             
   respectively, of real estate held-for-sale)..................................        7,798        6,837
 Other limited partnership interests (includes $53 and $165, respectively,                                
   relating to variable interest entities)......................................        4,716        4,508
 Short-term investments, principally at estimated fair value....................        5,962        6,881
 Other invested assets, principally at estimated fair value (includes $78 and                             
   $81, respectively, relating to variable interest entities)...................       10,589       12,479
                                                                                 ------------ ------------
   Total investments............................................................      259,871      269,653
Cash and cash equivalents, principally at estimated fair value (includes $21                              
 and $31, respectively, relating to variable interest entities).................        1,098        1,401
Accrued investment income (includes $2 and $2, respectively, relating to                                  
 variable interest entities)....................................................        2,249        2,242
Premiums, reinsurance and other receivables (includes $7 and $4, respectively,                            
 relating to variable interest entities)........................................       23,637       24,721
Deferred policy acquisition costs and value of business acquired................        6,416        5,832
Other assets (includes $24 and $4, respectively, relating to variable interest                            
 entities)......................................................................        4,716        4,444
Separate account assets.........................................................      134,796      120,971
                                                                                 ------------ ------------
   Total assets................................................................. $    432,783 $    429,264
                                                                                 ============ ============
Liabilities and Equity                                                                                    
Liabilities                                                                                               
Future policy benefits.......................................................... $    111,963 $    113,986
Policyholder account balances...................................................       92,498       94,716
Other policy-related balances...................................................        5,671        5,663
Policyholder dividends payable..................................................          601          610
Policyholder dividend obligation................................................        1,771        3,828
Payables for collateral under securities loaned and other transactions..........       21,096       22,461
Short-term debt.................................................................          175          100
Long-term debt (includes $520 and $124, respectively, at estimated fair value,                            
 relating to variable interest entities)........................................        2,828        2,345
Current income tax payable......................................................          365          161
Deferred income tax liability (includes $1 and $2, respectively, at estimated                             
 fair value, relating to variable interest entities)............................        1,785        3,036
Other liabilities (includes $31 and $22, respectively, relating to variable                               
 interest entities).............................................................       32,180       33,941
Separate account liabilities....................................................      134,796      120,971
                                                                                 ------------ ------------
   Total liabilities............................................................      405,729      401,818
                                                                                 ------------ ------------
Contingencies, Commitments and Guarantees (Note 17)                                                       
Redeemable noncontrolling interests.............................................          774           --
                                                                                 ------------ ------------
Equity                                                                                                    
Metropolitan Life Insurance Company stockholder's equity:                                                 
 Common stock, par value $0.01 per share; 1,000,000,000 shares authorized;                                
   494,466,664 shares issued and outstanding at December 31, 2013 and 2012......            5            5
 Additional paid-in capital.....................................................       14,515       14,510
 Retained earnings..............................................................        9,352        8,631
 Accumulated other comprehensive income (loss)..................................        2,158        4,008
                                                                                 ------------ ------------
   Total Metropolitan Life Insurance Company stockholder's equity...............       26,030       27,154
Noncontrolling interests........................................................          250          292
                                                                                 ------------ ------------
   Total equity.................................................................       26,280       27,446
                                                                                 ------------ ------------
   Total liabilities and equity................................................. $    432,783 $    429,264
                                                                                 ============ ============

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Operations 
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                     2013       2012       2011   
                                                                  ---------- ---------- ----------
                                                                                                  
Revenues                                                                                          
Premiums......................................................... $   20,475 $   19,880 $   18,288
Universal life and investment-type product policy fees...........      2,363      2,239      2,202
Net investment income............................................     11,785     11,852     11,615
Other revenues...................................................      1,699      1,730      1,808
Net investment gains (losses):                                                                    
 Other-than-temporary impairments on fixed maturity                                               
   securities....................................................       (81)      (214)      (244)
 Other-than-temporary impairments on fixed maturity securities                                    
   transferred to other comprehensive income (loss)..............       (47)         22         17
 Other net investment gains (losses).............................        176      (138)        359
                                                                  ---------- ---------- ----------
   Total net investment gains (losses)...........................         48      (330)        132
 Net derivative gains (losses)...................................    (1,070)        675      1,578
                                                                  ---------- ---------- ----------
     Total revenues..............................................     35,300     36,046     35,623
                                                                  ---------- ---------- ----------
Expenses                                                                                          
Policyholder benefits and claims.................................     23,032     22,269     20,681
Interest credited to policyholder account balances...............      2,253      2,390      2,372
Policyholder dividends...........................................      1,205      1,295      1,355
Other expenses...................................................      5,988      6,394      6,471
                                                                  ---------- ---------- ----------
     Total expenses..............................................     32,478     32,348     30,879
                                                                  ---------- ---------- ----------
Income (loss) from continuing operations before provision for                                     
  income tax.....................................................      2,822      3,698      4,744
Provision for income tax expense (benefit).......................        681      1,055      1,460
                                                                  ---------- ---------- ----------
Income (loss) from continuing operations, net of income tax......      2,141      2,643      3,284
Income (loss) from discontinued operations, net of income tax....          1         40         61
                                                                  ---------- ---------- ----------
Net income (loss)................................................      2,142      2,683      3,345
Less: Net income (loss) attributable to noncontrolling interests.        (7)          2        (8)
                                                                  ---------- ---------- ----------
Net income (loss) attributable to Metropolitan Life Insurance                                     
  Company........................................................ $    2,149 $    2,681 $    3,353
                                                                  ========== ========== ==========

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Comprehensive Income (Loss)  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                        2013      2012       2011   
                                                                      -------- ---------- ----------
                                                                                                    
Net income (loss) attributable to Metropolitan Life Insurance                                       
  Company............................................................ $  2,149 $    2,681 $    3,353
Net income (loss) attributable to noncontrolling interests...........      (7)          2        (8)
                                                                      -------- ---------- ----------
Net income (loss)....................................................    2,142      2,683      3,345
Other comprehensive income (loss):                                                                  
 Unrealized investment gains (losses), net of related offsets........  (3,337)      2,502      2,567
 Unrealized gains (losses) on derivatives............................    (691)      (241)      1,203
 Foreign currency translation adjustments............................       22       (30)          6
 Defined benefit plans adjustment....................................    1,191      (766)      (671)
                                                                      -------- ---------- ----------
Other comprehensive income (loss), before income tax.................  (2,815)      1,465      3,105
Income tax (expense) benefit related to items of other comprehensive                                
  income (loss)......................................................      965      (511)    (1,074)
                                                                      -------- ---------- ----------
Other comprehensive income (loss), net of income tax.................  (1,850)        954      2,031
                                                                      -------- ---------- ----------
Comprehensive income (loss)..........................................      292      3,637      5,376
Less: Comprehensive income (loss) attributable to noncontrolling                                    
  interest, net of income tax........................................      (7)          2        (8)
                                                                      -------- ---------- ----------
Comprehensive income (loss) attributable to Metropolitan Life                                       
  Insurance Company.................................................. $    299 $    3,635 $    5,384
                                                                      ======== ========== ==========

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Equity 
For the Year Ended December 31, 2013  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                        Accumulated Other Comprehensive Income (Loss)     
                                                                    ------------------------------------------------------
                                                                          Net                      Foreign      Defined   
                                           Additional                 Unrealized    Other-Than-    Currency     Benefit   
                                 Common     Paid-in      Retained     Investment     Temporary   Translation     Plans    
                                 Stock      Capital     Earnings     Gains (Losses)  Impairments  Adjustments  Adjustment 
                                -------- ------------- ------------ --------------- ------------ ------------ ------------
                                                                                                                          
Balance at December 31, 2012... $      5 $      14,510 $      8,631  $      6,497    $   (158)    $      18   $    (2,349)
Capital contributions from                                                                                                
 MetLife, Inc. (Note 13).......                      3                                                                    
Excess tax benefits related to                                                                                            
 stock-based compensation......                      2                                                                    
Dividends on common stock......                             (1,428)                                                       
Change in equity of                                                                                                       
 noncontrolling interests......                                                                                           
Net income (loss)..............                               2,149                                                       
Other comprehensive income                                                                                                
 (loss), net of income tax.....                                           (2,700)           65           13            772
                                -------- ------------- ------------  ------------    ---------    ---------   ------------
Balance at December 31, 2013... $      5 $      14,515 $      9,352  $      3,797    $    (93)    $      31   $    (1,577)
                                ======== ============= ============  ============    =========    =========   ============
                                                                [Download Table]


                                        Total                                      
                                  Metropolitan Life                                
                                  Insurance Company    Noncontrolling     Total    
                                 Stockholder's Equity    Interests        Equity   
                                --------------------- --------------- -------------
                                                                                   
Balance at December 31, 2012...     $      27,154       $      292    $      27,446
Capital contributions from                                                         
 MetLife, Inc. (Note 13).......                 3                                 3
Excess tax benefits related to                                                     
 stock-based compensation......                 2                                 2
Dividends on common stock......           (1,428)                           (1,428)
Change in equity of                                                                
 noncontrolling interests......                               (35)             (35)
Net income (loss)..............             2,149              (7)            2,142
Other comprehensive income                                                         
 (loss), net of income tax.....           (1,850)                           (1,850)
                                    -------------       ----------    -------------
Balance at December 31, 2013...     $      26,030       $      250    $      26,280
                                    =============       ==========    =============

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Equity -- (Continued)  
For the Year Ended December 31, 2012  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                              Accumulated Other Comprehensive Income (Loss)    
                                                                          -----------------------------------------------------
                                                                                Net                      Foreign      Defined  
                                                     Additional             Unrealized    Other-Than-    Currency     Benefit  
                                             Common   Paid-in   Retained    Investment     Temporary   Translation     Plans   
                                             Stock    Capital    Earnings  Gains (Losses)  Impairments  Adjustments  Adjustment
                                            ------- ----------- --------- --------------- ------------ ------------ -----------
                                                                                                                               
Balance at December 31, 2011...............  $  5    $  14,506  $  6,973     $  5,185       $  (317)      $  37     $  (1,851) 
Capital contributions from MetLife, Inc.                                                                                       
 (Note 13).................................                  3                                                                 
Excess tax benefits related to stock-based                                                                                     
 compensation..............................                  1                                                                 
Dividends on common stock..................                      (1,023)                                                       
Change in equity of noncontrolling                                                                                             
 interests.................................                                                                                    
Net income (loss)..........................                        2,681                                                       
Other comprehensive income (loss), net of                                                                                      
 income tax................................                                     1,312            159       (19)          (498) 
                                             ----    ---------  --------     --------       --------      -----     ---------- 
Balance at December 31, 2012...............  $  5    $  14,510  $  8,631     $  6,497       $  (158)      $  18     $  (2,349) 
                                             ====    =========  ========     ========       ========      =====     ========== 
                                                        [Enlarge/Download Table]


                                                    Total                                  
                                              Metropolitan Life                            
                                              Insurance Company    Noncontrolling   Total  
                                             Stockholder's Equity    Interests      Equity 
                                            --------------------- --------------- ---------
                                                                                           
Balance at December 31, 2011...............       $  24,538           $  182      $  24,720
Capital contributions from MetLife, Inc.                                                   
 (Note 13).................................               3                               3
Excess tax benefits related to stock-based                                                 
 compensation..............................               1                               1
Dividends on common stock..................         (1,023)                         (1,023)
Change in equity of noncontrolling                                                         
 interests.................................                              108            108
Net income (loss)..........................           2,681                2          2,683
Other comprehensive income (loss), net of                                                  
 income tax................................             954                             954
                                                  ---------           ------      ---------
Balance at December 31, 2012...............       $  27,154           $  292      $  27,446
                                                  =========           ======      =========

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Equity -- (Continued)  
For the Year Ended December 31, 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                              Accumulated Other Comprehensive Income (Loss)    
                                                                          -----------------------------------------------------

                                                                                Net                      Foreign      Defined  
                                                     Additional             Unrealized    Other-Than-    Currency     Benefit  
                                             Common   Paid-in   Retained    Investment     Temporary   Translation     Plans   
                                             Stock    Capital    Earnings  Gains (Losses)  Impairments  Adjustments  Adjustment
                                            ------- ----------- --------- --------------- ------------ ------------ -----------
                                                                                                                               
Balance at December 31, 2010...............  $  5    $  14,445  $  4,941     $  2,672       $  (254)      $  34     $  (1,429) 
Capital contributions from MetLife, Inc.                                                                                       
 (Note 13).................................                 50                                                                 
Excess tax benefits related to stock-based                                                                                     
 compensation..............................                 11                                                                 
Dividends on common stock..................                      (1,321)                                                       
Change in equity of noncontrolling                                                                                             
 interests.................................                                                                                    
Net income (loss)..........................                        3,353                                                       
Other comprehensive income (loss), net of                                                                                      
 income tax................................                                     2,513           (63)          3          (422) 
                                             ----    ---------  --------     --------       --------      -----     ---------- 
Balance at December 31, 2011...............  $  5    $  14,506  $  6,973     $  5,185       $  (317)      $  37     $  (1,851) 
                                             ====    =========  ========     ========       ========      =====     ========== 
                                                        [Enlarge/Download Table]


                                                    Total                               
                                                Metropolitan                            
                                               Life Insurance         Non               
                                                   Company         controlling   Total  
                                             Stockholder's Equity  Interests     Equity 
                                            --------------------- ------------ ---------
                                                                                        
Balance at December 31, 2010...............       $  20,414          $  148    $  20,562
Capital contributions from MetLife, Inc.                                                
 (Note 13).................................              50                           50
Excess tax benefits related to stock-based                                              
 compensation..............................              11                           11
Dividends on common stock..................         (1,321)                      (1,321)
Change in equity of noncontrolling                                                      
 interests.................................                              42           42
Net income (loss)..........................           3,353             (8)        3,345
Other comprehensive income (loss), net of                                               
 income tax................................           2,031                        2,031
                                                  ---------          ------    ---------
Balance at December 31, 2011...............       $  24,538          $  182    $  24,720
                                                  =========          ======    =========

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Cash Flows 
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                                    2013       2012        2011   
                                                                                 ---------- ----------- ----------
                                                                                                                  
Cash flows from operating activities                                                                              
Net income (loss)............................................................... $    2,142 $     2,683 $    3,345
Adjustments to reconcile net income (loss) to net cash provided by (used in)                                      
 operating activities:                                                                                            
 Depreciation and amortization expenses.........................................        429         416        407
 Amortization of premiums and accretion of discounts associated with                                              
   investments, net.............................................................      (738)       (698)      (683)
 (Gains) losses on investments and derivatives and from sales of businesses, net      1,112       (188)    (1,735)
 (Income) loss from equity method investments, net of dividends or distributions        195          42        269
 Interest credited to policyholder account balances.............................      2,253       2,390      2,372
 Universal life and investment-type product policy fees.........................    (2,363)     (2,239)    (2,202)
 Change in trading and fair value option securities.............................         25       (100)         20
 Change in accrued investment income............................................        108          22         14
 Change in premiums, reinsurance and other receivables..........................      (368)       (422)      (208)
 Change in deferred policy acquisition costs and value of business acquired, net       (82)         359        150
 Change in income tax...........................................................        334        (28)        527
 Change in other assets.........................................................        471         361        767
 Change in insurance-related liabilities and policy-related balances............      3,032       1,915      2,587
 Change in other liabilities....................................................      (381)         170        726
 Other, net.....................................................................      (109)       (147)      (125)
                                                                                 ---------- ----------- ----------
Net cash provided by (used in) operating activities.............................      6,060       4,536      6,231
                                                                                 ---------- ----------- ----------
Cash flows from investing activities                                                                              
Sales, maturities and repayments of:                                                                              
 Fixed maturity securities......................................................     71,396      52,889     53,325
 Equity securities..............................................................        206         245        816
 Mortgage loans.................................................................     10,655       8,668      8,152
 Real estate and real estate joint ventures.....................................         87         721      1,058
 Other limited partnership interests............................................        449         585        754
Purchases of:                                                                                                     
 Fixed maturity securities......................................................   (70,760)    (62,136)   (54,038)
 Equity securities..............................................................      (461)       (393)      (278)
 Mortgage loans.................................................................   (12,032)     (9,448)   (10,443)
 Real estate and real estate joint ventures.....................................    (1,427)     (1,447)      (980)
 Other limited partnership interests............................................      (675)       (660)      (658)
Cash received in connection with freestanding derivatives.......................        560         634      1,011
Cash paid in connection with freestanding derivatives...........................    (1,171)       (443)      (695)
Issuances of loans to affiliates................................................         --          --      (525)
Net change in policy loans......................................................       (57)        (50)       (44)
Net change in short-term investments............................................        900       (567)    (3,816)
Net change in other invested assets.............................................      (460)       (791)      (562)
Net change in property, equipment and leasehold improvements....................       (76)        (71)      (104)
Other, net......................................................................         --          --          7
                                                                                 ---------- ----------- ----------
Net cash provided by (used in) investing activities............................. $  (2,866) $  (12,264) $  (7,020)
                                                                                 ---------- ----------- ----------

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Consolidated Statements of Cash Flows -- (Continued)  
For the Years Ended December 31, 2013, 2012 and 2011  

(In millions) 

                                                        [Enlarge/Download Table]

                                                                                         2013        2012        2011    
                                                                                      ----------- ----------- -----------
                                                                                                                         
Cash flows from financing activities                                                                                     
Policyholder account balances:                                                                                           
  Deposits........................................................................... $    50,018 $    61,647 $    55,586
  Withdrawals........................................................................    (52,020)    (56,373)    (57,078)
Net change in payables for collateral under securities loaned and other transactions.     (1,365)       2,181       3,266
Net change in short-term debt........................................................          75         (1)         (1)
Long-term debt issued................................................................         481          79         110
Long-term debt repaid................................................................        (27)        (81)     (1,411)
Cash received in connection with redeemable noncontrolling interests.................         774          --          --
Dividends on common stock............................................................     (1,428)     (1,023)     (1,151)
Capital contribution.................................................................          --          --          47
Other, net...........................................................................         (5)         611          25
                                                                                      ----------- ----------- -----------
Net cash provided by (used in) financing activities..................................     (3,497)       7,040       (607)
                                                                                      ----------- ----------- -----------
Change in cash and cash equivalents..................................................       (303)       (688)     (1,396)
Cash and cash equivalents, beginning of year.........................................       1,401       2,089       3,485
                                                                                      ----------- ----------- -----------
Cash and cash equivalents, end of year............................................... $     1,098 $     1,401 $     2,089
                                                                                      =========== =========== ===========
Supplemental disclosures of cash flow information:                                                                       
Net cash paid (received) for:                                                                                            
  Interest........................................................................... $       152 $       151 $       196
                                                                                      =========== =========== ===========
  Income tax......................................................................... $       822 $       842 $       701
                                                                                      =========== =========== ===========
Non-cash transactions:                                                                                                   
  Capital contributions from MetLife, Inc............................................ $         3 $         3 $         3
                                                                                      =========== =========== ===========
  Dividends to MetLife, Inc.......................................................... $        -- $        -- $       170
                                                                                      =========== =========== ===========
  Real estate and real estate joint ventures acquired in satisfaction of debt........ $        18 $       264 $       151
                                                                                      =========== =========== ===========

See accompanying notes to the consolidated financial statements.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements  

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies                                                                        

Business                                                                        

Metropolitan Life Insurance Company and its subsidiaries (collectively,     
"MLIC" or the "Company") is a leading provider of insurance, annuities and      
employee benefit programs throughout the United States. The Company offers life 
insurance and annuities to individuals, as well as group insurance and          
retirement & savings products and services to corporations and other            
institutions. Metropolitan Life Insurance Company is a wholly-owned subsidiary  
of MetLife, Inc.                                                                

The Company is organized into three segments: Retail; Group, Voluntary &    
Worksite Benefits; and Corporate Benefit Funding.                               

Basis of Presentation                                                           

The preparation of financial statements in conformity with accounting       
principles generally accepted in the United States of America ("GAAP") requires 
management to adopt accounting policies and make estimates and assumptions that 
affect amounts reported in the consolidated financial statements. In applying   
these policies and estimates, management makes subjective and complex judgments 
that frequently require assumptions about matters that are inherently           
uncertain. Many of these policies, estimates and related judgments are common   
in the insurance and financial services industries; others are specific to the  
Company's business and operations. Actual results could differ from estimates.  

Consolidation                                                                 

The accompanying consolidated financial statements include the accounts of
Metropolitan Life Insurance Company and its subsidiaries, as well as          
partnerships and joint ventures in which the Company has control, and variable
interest entities ("VIEs") for which the Company is the primary beneficiary.  
Intercompany accounts and transactions have been eliminated.                  

  Since the Company is a member of a controlled group of affiliated companies,
its results may not be indicative of those of a stand-alone entity.           

Discontinued Operations                                                       

  The results of operations of a component of the Company that has either been
disposed of or is classified as held-for-sale are reported in discontinued    
operations if certain criteria are met. In order to qualify for a discontinued
operation, the operations and cash flows of the component have been or will be
eliminated from the ongoing operations of the Company, and the Company will   
not have any significant continuing involvement in the operations of the      
component after the disposal transaction.                                     

Separate Accounts                                                             

 Separate accounts are established in conformity with insurance laws and are
generally not chargeable with liabilities that arise from any other business  
of the Company. Separate account assets are subject to general account claims 
only to the extent the value of such assets exceeds the separate account      
liabilities. The Company reports separately, as assets and liabilities,       
investments held in separate accounts and liabilities of the separate accounts
if:                                                                           

.  such separate accounts are legally recognized;                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

.  assets supporting the contract liabilities are legally insulated from
the Company's general account liabilities;                        
.  investments are directed by the contractholder; and                  
.  all investment performance, net of contract fees and assessments, is 
passed through to the contractholder.                             

The Company reports separate account assets at their fair value, which is 
based on the estimated fair values of the underlying assets comprising the    
individual separate account portfolios. Investment performance (including     
investment income, net investment gains (losses) and changes in unrealized    
gains (losses)) and the corresponding amounts credited to contractholders of  
such separate accounts are offset within the same line in the statements of   
operations. Separate accounts credited with a contractual investment return   
are combined on a line-by-line basis with the Company's general account       
assets, liabilities, revenues and expenses and the accounting for these       
investments is consistent with the methodologies described herein for similar 
financial instruments held within the general account.                        

The Company's revenues reflect fees charged to the separate accounts,     
including mortality charges, risk charges, policy administration fees,        
investment management fees and surrender charges. Such fees are included in   
universal life and investment-type product policy fees in the statements of   
operations.                                                                   

Reclassifications                                                             

Certain amounts in the prior years' consolidated financial statements and 
related footnotes thereto have been reclassified to conform with the current  
year presentation as discussed throughout the Notes to the Consolidated       
Financial Statements.                                                         

Summary of Significant Accounting Policies                                      

The following are the Company's significant accounting policies with        
references to notes providing additional information on such policies and       
critical accounting estimates relating to such policies.                        

                                                        [Enlarge/Download Table]
                                                                                                        
--------------------------------------------------------------------------------------------------------
Accounting Policy                                                                                   Note
--------------------------------------------------------------------------------------------------------
Insurance                                                                                              4
--------------------------------------------------------------------------------------------------------
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles     5
--------------------------------------------------------------------------------------------------------
Reinsurance                                                                                            6
--------------------------------------------------------------------------------------------------------
Investments                                                                                            8
--------------------------------------------------------------------------------------------------------
Derivatives                                                                                            9
--------------------------------------------------------------------------------------------------------
Fair Value                                                                                            10
--------------------------------------------------------------------------------------------------------
Goodwill                                                                                              11
--------------------------------------------------------------------------------------------------------
Employee Benefit Plans                                                                                15
--------------------------------------------------------------------------------------------------------
Income Tax                                                                                            16
--------------------------------------------------------------------------------------------------------
Litigation Contingencies                                                                              17
--------------------------------------------------------------------------------------------------------

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Insurance                                                                     

Future Policy Benefit Liabilities and Policyholder Account Balances         

The Company establishes liabilities for amounts payable under insurance 
policies. Generally, amounts are payable over an extended period of time and
related liabilities are calculated as the present value of future expected  
 benefits to be paid reduced by the present value of future expected premiums.
Such liabilities are established based on methods and underlying assumptions
in accordance with GAAP and applicable actuarial standards. Principal       
assumptions used in the establishment of liabilities for future policy      
benefits are mortality, morbidity, policy lapse, renewal, retirement,       
 disability incidence, disability terminations, investment returns, inflation,
 expenses and other contingent events as appropriate to the respective product
type. These assumptions are established at the time the policy is issued and
are intended to estimate the experience for the period the policy benefits  
are payable. Utilizing these assumptions, liabilities are established on a  
block of business basis. For long duration insurance contracts, assumptions 
such as mortality, morbidity and interest rates are "locked in" upon the    
issuance of new business. However, significant adverse changes in experience
on such contracts may require the establishment of premium deficiency       
reserves. Such reserves are determined based on the then current assumptions
and do not include a provision for adverse deviation.                       

Premium deficiency reserves may also be established for short duration  
contracts to provide for expected future losses. These reserves are based on
actuarial estimates of the amount of loss inherent in that period, including
losses incurred for which claims have not been reported. The provisions for 
unreported claims are calculated using studies that measure the historical  
length of time between the incurred date of a claim and its eventual        
reporting to the Company. Anticipated investment income is considered in the
calculation of premium deficiency losses for short duration contracts.      

Liabilities for universal and variable life secondary guarantees and    
paid-up guarantees are determined by estimating the expected value of death 
benefits payable when the account balance is projected to be zero and       
recognizing those benefits ratably over the accumulation period based on    
total expected assessments. The assumptions used in estimating the secondary
and paid-up guarantee liabilities are consistent with those used for        
 amortizing deferred policy acquisition costs ("DAC"), and are thus subject to
 the same variability and risk as further discussed herein. The assumptions of
investment performance and volatility for variable products are consistent  
with historical experience of appropriate underlying equity indices, such as
the Standard & Poor's Ratings Services ("S&P") 500 Index. The benefits used 
 in calculating the liabilities are based on the average benefits payable over
a range of scenarios.                                                       

The Company regularly reviews its estimates of liabilities for future   
policy benefits and compares them with its actual experience. Differences   
result in changes to the liability balances with related charges or credits 
to benefit expenses in the period in which the changes occur.               

Policyholder account balances ("PABs") relate to contract or contract   
features where the Company has no significant insurance risk.               

The Company issues certain variable annuity products with guaranteed    
minimum benefits that provide the policyholder a minimum return based on    
their initial deposit (i.e., the benefit base) less withdrawals. These      
guarantees are accounted for as insurance liabilities or as embedded        
derivatives depending on how and when                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

the benefit is paid. Specifically, a guarantee is accounted for as an       
embedded derivative if a guarantee is paid without requiring (i) the        
occurrence of specific insurable event, or (ii) the policyholder to         
annuitize. Alternatively, a guarantee is accounted for as an insurance      
liability if the guarantee is paid only upon either (i) the occurrence of a 
specific insurable event, or (ii) annuitization. In certain cases, a        
guarantee may have elements of both an insurance liability and an embedded  
derivative and in such cases the guarantee is split and accounted for under 
both models.                                                                

   Guarantees accounted for as insurance liabilities in future policy benefits
include guaranteed minimum death benefits ("GMDBs"), the portion of         
guaranteed minimum income benefits ("GMIBs") that require annuitization, and
the life-contingent portion of guaranteed minimum withdrawal benefits       
("GMWBs").                                                                  

Guarantees accounted for as embedded derivatives in PABs include the non
life-contingent portion of GMWBs, guaranteed minimum accumulation benefits  
("GMABs") and the portion of GMIBs that do not require annuitization. At    
 inception, the Company attributes to the embedded derivative a portion of the
projected future guarantee fees to be collected from the policyholder equal 
to the present value of projected future guaranteed benefits. Any additional
fees represent "excess" fees and are reported in universal life and         
investment-type product policy fees.                                        

Other Policy-Related Balances                                               

  Other policy-related balances include policy and contract claims, unearned
 revenue liabilities, premiums received in advance, policyholder dividends due
and unpaid and policyholder dividends left on deposit.                      

  The liability for policy and contract claims generally relates to incurred
 but not reported death, disability, long-term care ("LTC") and dental claims,
 as well as claims which have been reported but not yet settled. The liability
for these claims is based on the Company's estimated ultimate cost of       
settling all claims. The Company derives estimates for the development of   
incurred but not reported claims principally from analyses of historical    
patterns of claims by business line. The methods used to determine these    
estimates are continually reviewed. Adjustments resulting from this         
continuous review process and differences between estimates and payments for
claims are recognized in policyholder benefits and claims expense in the    
period in which the estimates are changed or payments are made.             

The unearned revenue liability relates to universal life-type and       
investment-type products and represents policy charges for services to be   
provided in future periods. The charges are deferred as unearned revenue and
 amortized using the product's estimated gross profits and margins, similar to
DAC as discussed further herein. Such amortization is recorded in universal 
life and investment-type product policy fees.                               

   The Company accounts for the prepayment of premiums on its individual life,
group life and health contracts as premium received in advance and applies  
the cash received to premiums when due.                                     

Recognition of Insurance Revenues and Deposits                              

Premiums related to traditional life and annuity policies with life     
contingencies are recognized as revenues when due from policyholders.       
 Policyholder benefits and expenses are provided to recognize profits over the
estimated lives of the insurance policies. When premiums are due over a     
significantly shorter period than the                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

period over which benefits are provided, any excess profit is deferred and  
 recognized into earnings in a constant relationship to insurance in-force or,
for annuities, the amount of expected future policy benefit payments.       

Premiums related to non-medical health and disability contracts are     
recognized on a pro rata basis over the applicable contract term.           

Deposits related to universal life-type and investment-type products are
 credited to PABs. Revenues from such contracts consist of fees for mortality,
policy administration and surrender charges and are recorded in universal   
life and investment-type product policy fees in the period in which services
are provided. Amounts that are charged to earnings include interest credited
and benefit claims incurred in excess of related PABs.                      

   Premiums, policy fees, policyholder benefits and expenses are presented net
of reinsurance.                                                             

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

The Company incurs significant costs in connection with acquiring new and 
renewal insurance business. Costs that are related directly to the successful 
acquisition or renewal of insurance contracts are capitalized as DAC. Such    
costs include:                                                                

 .  incremental direct costs of contract acquisition, such as commissions;
  .  the portion of an employee's total compensation and benefits related to
    time spent selling, underwriting or processing the issuance of new and
      renewal insurance business only with respect to actual policies acquired
or renewed; and                                                   
.  other essential direct costs that would not have been incurred had a 
policy not been acquired or renewed.                              

All other acquisition-related costs, including those related to general   
advertising and solicitation, market research, agent training, product        
development, unsuccessful sales and underwriting efforts, as well as all      
indirect costs, are expensed as incurred.                                     

 Value of business acquired ("VOBA") is an intangible asset resulting from a
business combination that represents the excess of book value over the        
estimated fair value of acquired insurance, annuity, and investment-type      
contracts in-force at the acquisition date. The estimated fair value of the   
acquired liabilities is based on projections, by each block of business, of   
future policy and contract charges, premiums, mortality and morbidity,        
separate account performance, surrenders, operating expenses, investment      
returns, nonperformance risk adjustment and other factors. Actual experience  
on the purchased business may vary from these projections.                    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

DAC and VOBA are amortized as follows:                                      

----------------------------------------------------------------------------- 
Products:                              In proportion to the following over    
                                 estimated lives of the contracts:
----------------------------------------------------------------------------- 
.  Nonparticipating and                Historic actual and expected future    
non-dividend-paying traditional     gross premiums.                     
contracts:                                                              
.  Term insurance                                                             
.  Nonparticipating whole life                                                
insurance                                                               
.  Traditional group life insurance                                           
.  Non-medical health insurance                                               
----------------------------------------------------------------------------- 
.  Participating, dividend-paying      Actual and expected future gross       
traditional contracts               margins.                            
----------------------------------------------------------------------------- 
.  Fixed and variable universal life   Actual and expected future gross       
contracts                           profits.                            
.  Fixed and variable deferred                                                
annuity contracts                                                       
----------------------------------------------------------------------------- 

See Note 5 for additional information on DAC and VOBA amortization.       

The recovery of DAC and VOBA is dependent upon the future profitability of
the related business. DAC and VOBA are aggregated in the financial statements 
for reporting purposes.                                                       

  The Company generally has two different types of sales inducements which are
included in other assets: (i) the policyholder receives a bonus whereby the   
policyholder's initial account balance is increased by an amount equal to a   
specified percentage of the customer's deposit; and (ii) the policyholder     
receives a higher interest rate using a dollar cost averaging method than     
would have been received based on the normal general account interest rate    
credited. The Company defers sales inducements and amortizes them over the    
life of the policy using the same methodology and assumptions used to amortize
DAC. The amortization of sales inducements is included in policyholder        
benefits and claims. Each year, or more frequently if circumstances indicate a
potential recoverability issue exists, the Company reviews deferred sales     
inducements to determine the recoverability of the asset.                     

Value of distribution agreements acquired ("VODA") is reported in other   
assets and represents the present value of expected future profits associated 
with the expected future business derived from the distribution agreements    
acquired as part of a business combination. Value of customer relationships   
acquired ("VOCRA") is also reported in other assets and represents the present
value of the expected future profits associated with the expected future      
business acquired through existing customers of the acquired company or       
business. The VODA and VOCRA associated with past business combinations are   
amortized over useful lives ranging from 10 to 30 years and such amortization 
is included in other expenses. Each year, or more frequently if circumstances 
indicate a possible impairment exists, the Company reviews VODA and VOCRA to  
determine whether the asset is impaired.                                      

Reinsurance                                                                   

For each of its reinsurance agreements, the Company determines whether the
agreement provides indemnification against loss or liability relating to      
insurance risk in accordance with applicable accounting standards. Cessions   
under reinsurance agreements do not discharge the Company's obligations as the
primary                                                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

insurer. The Company reviews all contractual features, including those that   
may limit the amount of insurance risk to which the reinsurer is subject or   
features that delay the timely reimbursement of claims.                       

 For reinsurance of existing in-force blocks of long-duration contracts that
transfer significant insurance risk, the difference, if any, between the      
amounts paid (received), and the liabilities ceded (assumed) related to the   
underlying contracts is considered the net cost of reinsurance at the         
inception of the reinsurance agreement. The net cost of reinsurance is        
recorded as an adjustment to DAC when there is a gain at inception on the     
ceding entity and to other liabilities when there is a loss at inception. The 
net cost of reinsurance is recognized as a component of other expenses when   
there is a gain at inception and as policyholder benefits and claims when     
there is a loss and is subsequently amortized on a basis consistent with the  
methodology used for amortizing DAC related to the underlying reinsured       
contracts. Subsequent amounts paid (received) on the reinsurance of in-force  
blocks, as well as amounts paid (received) related to new business, are       
recorded as ceded (assumed) premiums; and ceded (assumed) premiums reinsurance
and other receivables (future policy benefits) are established.               

For prospective reinsurance of short-duration contracts that meet the     
criteria for reinsurance accounting, amounts paid (received) are recorded as  
ceded (assumed) premiums and ceded (assumed) unearned premiums. Unearned      
premiums are reflected as a component of premiums, reinsurance and other      
receivables (future policy benefits). Such amounts are amortized through      
earned premiums over the remaining contract period in proportion to the amount
of insurance protection provided. For retroactive reinsurance of              
short-duration contracts that meet the criteria of reinsurance accounting,    
amounts paid (received) in excess of the related insurance liabilities ceded  
(assumed) are recognized immediately as a loss and are reported in the        
appropriate line item within the statement of operations. Any gain on such    
retroactive agreement is deferred and is amortized as part of DAC, primarily  
using the recovery method.                                                    

Amounts currently recoverable under reinsurance agreements are included in
premiums, reinsurance and other receivables and amounts currently payable are 
included in other liabilities. Assets and liabilities relating to reinsurance 
agreements with the same reinsurer may be recorded net on the balance sheet,  
if a right of offset exists within the reinsurance agreement. In the event    
that reinsurers do not meet their obligations to the Company under the terms  
of the reinsurance agreements, reinsurance recoverable balances could become  
uncollectible. In such instances, reinsurance recoverable balances are stated 
net of allowances for uncollectible reinsurance.                              

The funds withheld liability represents amounts withheld by the Company in
accordance with the terms of the reinsurance agreements. The Company withholds
the funds rather than transferring the underlying investments and, as a       
result, records funds withheld liability within other liabilities. The Company
recognizes interest on funds withheld, included in other expenses, at rates   
defined by the terms of the agreement which may be contractually specified or 
directly related to the investment portfolio.                                 

 Premiums, fees and policyholder benefits and claims include amounts assumed
under reinsurance agreements and are net of reinsurance ceded. Amounts        
received from reinsurers for policy administration are reported in other      
revenues. With respect to GMIBs, a portion of the directly written GMIBs are  
accounted for as insurance liabilities, but the associated reinsurance        
agreements contain embedded derivatives. These embedded derivatives are       
included in premiums, reinsurance and other receivables with changes in       
estimated fair value reported in net derivative gains (losses).               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

If the Company determines that a reinsurance agreement does not expose the
reinsurer to a reasonable possibility of a significant loss from insurance    
risk, the Company records the agreement using the deposit method of           
accounting. Deposits received are included in other liabilities and deposits  
made are included within premiums, reinsurance and other receivables. As      
amounts are paid or received, consistent with the underlying contracts, the   
deposit assets or liabilities are adjusted. Interest on such deposits is      
recorded as other revenues or other expenses, as appropriate. Periodically,   
the Company evaluates the adequacy of the expected payments or recoveries and 
adjusts the deposit asset or liability through other revenues or other        
expenses, as appropriate.                                                     

Investments                                                                   

Net Investment Income and Net Investment Gains (Losses)                     

Income on investments is reported within net investment income, unless  
 otherwise stated herein. Gains and losses on sales of investments, impairment
 losses and changes in valuation allowances are reported within net investment
gains (losses), unless otherwise stated herein.                             

Fixed Maturity and Equity Securities                                        

The majority of the Company's fixed maturity and equity securities are  
classified as available-for-sale ("AFS") and are reported at their estimated
fair value. Unrealized investment gains and losses on these securities are  
recorded as a separate component of other comprehensive income (loss)       
("OCI"), net of policyholder-related amounts and deferred income taxes. All 
security transactions are recorded on a trade date basis. Investment gains  
and losses on sales are determined on a specific identification basis.      

Interest income on fixed maturity securities is recognized when earned  
 using an effective yield method giving effect to amortization of premiums and
 accretion of discounts. Prepayment fees are recognized when earned. Dividends
on equity securities are recognized when declared.                          

   The Company periodically evaluates fixed maturity and equity securities for
impairment. The assessment of whether impairments have occurred is based on 
management's case-by-case evaluation of the underlying reasons for the      
decline in estimated fair value, as well as an analysis of the gross        
unrealized losses by severity and/or age as described in Note 8 "--         
 Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS
Securities."                                                                

For fixed maturity securities in an unrealized loss position, an        
 other-than-temporary impairment ("OTTI") is recognized in earnings when it is
anticipated that the amortized cost will not be recovered. When either:     
(i) the Company has the intent to sell the security; or (ii) it is more     
 likely than not that the Company will be required to sell the security before
recovery, the OTTI recognized in earnings is the entire difference between  
the security's amortized cost and estimated fair value. If neither of these 
conditions exist, the difference between the amortized cost of the security 
 and the present value of projected future cash flows expected to be collected
is recognized as an OTTI in earnings ("credit loss"). If the estimated fair 
value is less than the present value of projected future cash flows expected
to be collected, this portion of OTTI related to other-than-credit factors  
("noncredit loss") is recorded in OCI.                                      

With respect to equity securities, the Company considers in its OTTI    
analysis its intent and ability to hold a particular equity security for a  
period of time sufficient to allow for the recovery of its estimated fair   
value to an                                                                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

amount equal to or greater than cost. If a sale decision is made for an     
 equity security and recovery to an amount at least equal to cost prior to the
sale is not expected, the security will be deemed to be                     
 other-than-temporarily impaired in the period that the sale decision was made
and an OTTI loss will be recorded in earnings. The OTTI loss recognized is  
the entire difference between the security's cost and its estimated fair    
value.                                                                      

Trading and Fair Value Option Securities                                    

   Trading and fair value option securities are stated at estimated fair value
and include investments for which the fair value option ("FVO") has been    
elected ("FVO Securities") and investments that are actively purchased and  
sold ("Actively Traded Securities").                                        

Actively Traded Securities principally include fixed maturity securities
  and short sale agreement liabilities, which are included in other liabilities.

FVO Securities include:                                                 

  .  fixed maturity and equity securities held-for-investment by the general
      account to support asset and liability management strategies for certain
insurance products ("FVO general account securities"); and        
 .  securities held by consolidated securitization entities ("CSEs") ("FVO
securities held by CSEs").                                        

Changes in estimated fair value of these securities are included in net 
investment income, except for certain securities included in FVO Securities 
where changes are included in net investment gains (losses).                

Mortgage Loans                                                              

The Company disaggregates its mortgage loan investments into three      
 portfolio segments: commercial, agricultural, and residential. The accounting
policies that are applicable to all portfolio segments are presented below  
and the accounting policies related to each of the portfolio segments are   
included in Note 8.                                                         

Mortgage Loans Held-For-Investment                                          

  Mortgage loans held-for-investment are stated at unpaid principal balance,
adjusted for any unamortized premium or discount, deferred fees or expenses,
and are net of valuation allowances. Interest income and prepayment fees are
recognized when earned. Interest income is recognized using an effective    
yield method giving effect to amortization of premiums and accretion of     
discounts.                                                                  

Also included in mortgage loans held-for-investment are residential     
 mortgage loans for which the FVO was elected. These mortgage loans are stated
at estimated fair value. Changes in estimated fair value are recognized in  
net investment income.                                                      

Mortgage Loans Held-For-Sale                                                

Mortgage loans held-for-sale that were previously designated as         
held-for-investment, but now are designated as held-for-sale and mortgage   
loans originated with the intent to sell for which FVO was not elected, are 
stated at the lower of amortized cost or estimated fair value.              

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Policy Loans                                                                

Policy loans are stated at unpaid principal balances. Interest income on
such loans is recorded as earned using the contractual interest rate.       
Generally, accrued interest is capitalized on the policy's anniversary date.
Valuation allowances are not established for policy loans, as they are fully
collateralized by the cash surrender value of the underlying insurance      
policies. Any unpaid principal or interest on the loan is deducted from the 
cash surrender value or the death benefit prior to settlement of the        
insurance policy.                                                           

Real Estate                                                                 

Real estate held-for-investment is stated at cost less accumulated      
depreciation. Depreciation is provided on a straight-line basis over the    
estimated useful life of the asset (typically 20 to 55 years). Rental income
associated with such real estate is recognized on a straight-line basis over
the term of the respective leases. The Company periodically reviews its real
estate held-for-investment for impairment and tests for recoverability      
whenever events or changes in circumstances indicate the carrying value may 
not be recoverable and exceeds its estimated fair value. Properties whose   
carrying values are greater than their undiscounted cash flows are written  
down to their estimated fair value, which is generally computed using the   
 present value of expected future cash flows discounted at a rate commensurate
with the underlying risks.                                                  

   Real estate for which the Company commits to a plan to sell within one year
and actively markets in its current condition for a reasonable price in     
comparison to its estimated fair value is classified as held-for-sale. Real 
estate held-for-sale is stated at the lower of depreciated cost or estimated
fair value less expected disposition costs and is not depreciated.          

Real Estate Joint Ventures and Other Limited Partnership Interests          

  The Company uses the equity method of accounting for investments in equity
 securities when it has significant influence or at least 20% interest and for
investments in real estate joint ventures and other limited partnership     
interests ("investees") when it has more than a minor ownership interest or 
 more than a minor influence over the investee's operations, but does not have
a controlling financial interest. The Company generally recognizes its share
of the investee's earnings on a three-month lag in instances where the      
investee's financial information is not sufficiently timely or when the     
investee's reporting period differs from the Company's reporting period.    

  The Company uses the cost method of accounting for investments in which it
has virtually no influence over the investee's operations. The Company      
recognizes distributions on cost method investments as earned or received.  
 Because of the nature and structure of these cost method investments, they do
not meet the characteristics of an equity security in accordance with       
applicable accounting standards.                                            

The Company routinely evaluates its equity method and cost method       
investments for impairment. For equity method investees, the Company        
considers financial and other information provided by the investee, other   
known information and inherent risks in the underlying investments, as well 
as future capital commitments, in determining whether an impairment has     
occurred. The Company considers its cost method investments for impairment  
when the carrying value of such investments exceeds the net asset value     
("NAV"). The Company takes into consideration the severity and duration of  
this excess when determining whether the cost method investment is impaired.

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Short-term Investments                                                      

Short-term investments include securities and other investments with    
remaining maturities of one year or less, but greater than three months, at 
the time of purchase and are stated at estimated fair value or amortized    
cost, which approximates estimated fair value. Short-term investments also  
include investments in affiliated money market pools.                       

Other Invested Assets                                                       

Other invested assets consist principally of the following:             

.  Freestanding derivatives with positive estimated fair values are     
described in "-- Derivatives" below.                              
   .  Tax credit and renewable energy partnerships derive a significant source
 of investment return in the form of income tax credits or other tax
  incentives. Where tax credits are guaranteed by a creditworthy third
      party, the investment is accounted for under the effective yield method.
 Otherwise, the investment is accounted for under the equity method.
   .  Loans to affiliates are stated at unpaid principal balance, adjusted for
any unamortized premium or discount.                              
.  Leveraged leases are recorded net of non-recourse debt. Income on    
leveraged leases is recognized by applying the leveraged lease's  
      estimated rate of return to the net investment in the lease. The Company
regularly reviews residual values for impairment.                 
   .  Funds withheld represent a receivable for amounts contractually withheld
by ceding companies in accordance with reinsurance agreements. The
   Company recognizes interest on funds withheld at rates defined by the
     terms of the agreement which may be contractually specified or directly
related to the underlying investments.                            
.  Investments in joint ventures that engage in insurance underwriting  
activities are accounted for under the equity method.             

Securities Lending Program                                                  

   Securities lending transactions, whereby blocks of securities are loaned to
 third parties, primarily brokerage firms and commercial banks, are treated as
 financing arrangements and the associated liability is recorded at the amount
of cash received. The Company obtains collateral at the inception of the    
loan, usually cash, in an amount generally equal to 102% of the estimated   
 fair value of the securities loaned, and maintains it at a level greater than
or equal to 100% for the duration of the loan. The Company is liable to     
return to the counterparties the cash collateral received. Security         
collateral on deposit from counterparties in connection with the securities 
 lending transactions may not be sold or repledged, unless the counterparty is
in default, and is not reflected in the financial statements. The Company   
monitors the estimated fair value of the securities loaned on a daily basis 
and additional collateral is obtained as necessary. Income and expenses     
associated with securities lending transactions are reported as investment  
income and investment expense, respectively, within net investment income.  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

Derivatives                                                                   

Freestanding Derivatives                                                    

   Freestanding derivatives are carried in the Company's balance sheets either
as assets within other invested assets or as liabilities within other       
liabilities at estimated fair value. The Company does not offset the fair   
value amounts recognized for derivatives executed with the same counterparty
under the same master netting agreement.                                    

   Accruals on derivatives are generally recorded in accrued investment income
or within other liabilities. However, accruals that are not scheduled to    
settle within one year are included with the derivatives carrying value in  
other invested assets or other liabilities.                                 

If a derivative is not designated as an accounting hedge or its use in  
 managing risk does not qualify for hedge accounting, changes in the estimated
fair value of the derivative are reported in net derivative gains (losses)  
except as follows:                                                          

------------------------------------------------------------------------------- 
Statement of Operations Presentation:    Derivative:                        
------------------------------------------------------------------------------- 
Net investment income                  .  Economic hedges of equity method  
                                     investments in joint ventures
                                     .  All derivatives held in relation
                             to trading portfolios
------------------------------------------------------------------------------- 

Hedge Accounting                                                            

To qualify for hedge accounting, at the inception of the hedging        
relationship, the Company formally documents its risk management objective  
and strategy for undertaking the hedging transaction, as well as its        
designation of the hedge. Hedge designation and financial statement         
presentation of changes in estimated fair value of the hedging derivatives  
are as follows:                                                             

.  Fair value hedge (a hedge of the estimated fair value of a recognized  
    asset or liability) -- in net derivative gains (losses), consistent with
the change in fair value of the hedged item attributable to the     
designated risk being hedged.                                       
.  Cash flow hedge (a hedge of a forecasted transaction or of the         
    variability of cash flows to be received or paid related to a recognized
    asset or liability) -- effectiveness in OCI (deferred gains or losses on
     the derivative are reclassified into the statement of operations when the
   Company's earnings are affected by the variability in cash flows of the
hedged item); ineffectiveness in net derivative gains (losses).     

The change in estimated fair values of the hedging derivatives are      
exclusive of any accruals that are separately reported in the statement of  
operations within interest income or interest expense to match the location 
of the hedged item.                                                         

In its hedge documentation, the Company sets forth how the hedging      
instrument is expected to hedge the designated risks related to the hedged  
item and sets forth the method that will be used to retrospectively and     
prospectively assess the hedging instrument's effectiveness and the method  
that will be used to measure                                                

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

ineffectiveness. A derivative designated as a hedging instrument must be    
assessed as being highly effective in offsetting the designated risk of the 
hedged item. Hedge effectiveness is formally assessed at inception and at   
least quarterly throughout the life of the designated hedging relationship. 
Assessments of hedge effectiveness and measurements of ineffectiveness are  
also subject to interpretation and estimation and different interpretations 
 or estimates may have a material effect on the amount reported in net income.

The Company discontinues hedge accounting prospectively when: (i) it is 
determined that the derivative is no longer highly effective in offsetting  
changes in the estimated fair value or cash flows of a hedged item; (ii) the
derivative expires, is sold, terminated, or exercised; (iii) it is no longer
probable that the hedged forecasted transaction will occur; or (iv) the     
derivative is de-designated as a hedging instrument.                        

When hedge accounting is discontinued because it is determined that the 
derivative is not highly effective in offsetting changes in the estimated   
fair value or cash flows of a hedged item, the derivative continues to be   
carried in the balance sheets at its estimated fair value, with changes in  
estimated fair value recognized in net derivative gains (losses). The       
 carrying value of the hedged recognized asset or liability under a fair value
hedge is no longer adjusted for changes in its estimated fair value due to  
the hedged risk, and the cumulative adjustment to its carrying value is     
amortized into income over the remaining life of the hedged item. Provided  
the hedged forecasted transaction is still probable of occurrence, the      
changes in estimated fair value of derivatives recorded in OCI related to   
discontinued cash flow hedges are released into the statements of operations
when the Company's earnings are affected by the variability in cash flows of
the hedged item.                                                            

   When hedge accounting is discontinued because it is no longer probable that
the forecasted transactions will occur on the anticipated date or within two
months of that date, the derivative continues to be carried in the balance  
sheets at its estimated fair value, with changes in estimated fair value    
recognized currently in net derivative gains (losses). Deferred gains and   
 losses of a derivative recorded in OCI pursuant to the discontinued cash flow
hedge of a forecasted transaction that is no longer probable are recognized 
immediately in net derivative gains (losses).                               

In all other situations in which hedge accounting is discontinued, the  
 derivative is carried at its estimated fair value in the balance sheets, with
changes in its estimated fair value recognized in the current period as net 
derivative gains (losses).                                                  

Embedded Derivatives                                                        

  The Company sells variable annuities and issues certain insurance products
and investment contracts and is a party to certain reinsurance agreements   
 that have embedded derivatives. The Company assesses each identified embedded
 derivative to determine whether it is required to be bifurcated. The embedded
derivative is bifurcated from the host contract and accounted for as a      
freestanding derivative if:                                                 

.  the combined instrument is not accounted for in its entirety at fair   
value with changes in fair value recorded in earnings;              
 .  the terms of the embedded derivative are not clearly and closely related
to the economic characteristics of the host contract; and           
.  a separate instrument with the same terms as the embedded derivative   
would qualify as a derivative instrument.                           

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Such embedded derivatives are carried in the balance sheets at estimated
fair value with the host contract and changes in their estimated fair value 
are generally reported in net derivative gains (losses). If the Company is  
 unable to properly identify and measure an embedded derivative for separation
from its host contract, the entire contract is carried on the balance sheet 
at estimated fair value, with changes in estimated fair value recognized in 
 the current period in net investment gains (losses) or net investment income.
Additionally, the Company may elect to carry an entire contract on the      
balance sheet at estimated fair value, with changes in estimated fair value 
recognized in the current period in net investment gains (losses) or net    
investment income if that contract contains an embedded derivative that     
requires bifurcation. At inception, the Company attributes to the embedded  
derivative a portion of the projected future guarantee fees to be collected 
from the policyholder equal to the present value of projected future        
guaranteed benefits. Any additional fees represent "excess" fees and are    
reported in universal life and investment-type product policy fees.         

Fair Value                                                                    

Fair value is defined as the price that would be received to sell an asset
or paid to transfer a liability (an exit price) in the principal or most      
advantageous market for the asset or liability in an orderly transaction      
between market participants on the measurement date. In most cases, the exit  
price and the transaction (or entry) price will be the same at initial        
recognition.                                                                  

Subsequent to initial recognition, fair values are based on unadjusted    
quoted prices for identical assets or liabilities in active markets that are  
readily and regularly obtainable. When such quoted prices are not available,  
fair values are based on quoted prices in markets that are not active, quoted 
prices for similar but not identical assets or liabilities, or other          
observable inputs. If these inputs are not available, or observable inputs are
not determinable, unobservable inputs and/or adjustments to observable inputs 
requiring management judgment are used to determine the estimated fair value  
of assets and liabilities.                                                    

Goodwill                                                                      

 Goodwill, which is included in other assets, represents the future economic
benefits arising from net assets acquired in a business combination that are  
not individually identified and recognized. Goodwill is calculated as the     
excess of cost over the estimated fair value of such net assets acquired, is  
not amortized, and is tested for impairment based on a fair value approach at 
least annually or more frequently if events or circumstances indicate that    
there may be justification for conducting an interim test. The Company        
performs its annual goodwill impairment testing during the third quarter of   
each year based upon data as of the close of the second quarter. Goodwill     
associated with a business acquisition is not tested for impairment during the
year the business is acquired unless there is a significant identified        
impairment event.                                                             

The impairment test is performed at the reporting unit level, which is the
operating segment or a business one level below the operating segment, if     
discrete financial information is prepared and regularly reviewed by          
management at that level. For purposes of goodwill impairment testing, if the 
carrying value of a reporting unit exceeds its estimated fair value, there may
be an indication of impairment. In such instances, the implied fair value of  
the goodwill is determined in the same manner as the amount of goodwill that  
would be determined in a business combination. The excess of the carrying     
value of goodwill over the implied fair value of goodwill would be recognized 
as an impairment and recorded as a charge against net income.                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

 On an ongoing basis, the Company evaluates potential triggering events that
may affect the estimated fair value of the Company's reporting units to assess
whether any goodwill impairment exists. Deteriorating or adverse market       
conditions for certain reporting units may have an impact on the estimated    
fair value of these reporting units and could result in future impairments of 
goodwill.                                                                     

Employee Benefit Plans                                                        

The Company sponsors and administers various qualified and non-qualified  
defined benefit pension plans and other postretirement employee benefit plans 
covering eligible employees and sales representatives who meet specified      
eligibility requirements of the sponsor and its participating affiliates. A   
December 31 measurement date is used for all of the Company's defined benefit 
pension and other postretirement benefit plans.                               

  The Company recognizes the funded status of the projected benefit obligation
("PBO") for pension benefits and the accumulated postretirement benefit       
obligation ("APBO") for other postretirement benefits for each of its plans.  
The Company recognizes an expense for differences between actual experience   
and estimates over the average future service period of participants. The     
actuarial gains (losses), prior service costs and credits not yet included in 
net periodic benefit costs are charged to accumulated OCI ("AOCI"), net of    
income tax.                                                                   

The Company also sponsors defined contribution plans for substantially all
U.S. employees under which a portion of participant contributions is matched. 
Applicable matching contributions are made each payroll period. Accordingly,  
the Company recognizes compensation cost for current matching contributions.  
As all contributions are transferred currently as earned to the defined       
contribution plans, no liability for matching contributions is recognized in  
the balance sheets.                                                           

Income Tax                                                                    

Metropolitan Life Insurance Company and all of its includable subsidiaries
join with MetLife, Inc. and its includable subsidiaries in filing a           
consolidated U.S. life and non-life federal income tax return in accordance   
with the provisions of the Internal Revenue Code of 1986, as amended (the     
"Code"). Current taxes (and the benefits of tax attributes such as losses) are
allocated to Metropolitan Life Insurance Company and its subsidiaries under   
the consolidated tax return regulations and a tax sharing agreement. Under the
consolidated tax return regulations, MetLife, Inc. has elected the "percentage
method" (and 100 percent under such method) of reimbursing companies for tax  
attributes such as losses. As a result, 100 percent of tax attributes such as 
losses are reimbursed by MetLife, Inc. to the extent that consolidated federal
income tax of the consolidated federal tax return group is reduced in a year  
by tax attributes such as losses. Profitable subsidiaries pay to MetLife, Inc.
each year the federal income tax which such profitable subsidiary would have  
paid that year based upon that year's taxable income. If Metropolitan Life    
Insurance Company or its includable subsidiaries has current or prior         
deductions and credits (including but not limited to losses) which reduce the 
consolidated tax liability of the consolidated federal tax return group, the  
deductions and credits are characterized as realized (or realizable) by       
Metropolitan Life Insurance Company and its includable subsidiaries when those
tax attributes are realized (or realizable) by the consolidated federal tax   
return group, even if Metropolitan Life Insurance Company or its includable   
subsidiaries would not have realized the attributes on a stand-alone basis    
under a "wait and see" method.                                                

The Company's accounting for income taxes represents management's best    
estimate of various events and transactions.                                  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Deferred tax assets and liabilities resulting from temporary differences  
between the financial reporting and tax bases of assets and liabilities are   
measured at the balance sheet date using enacted tax rates expected to apply  
to taxable income in the years the temporary differences are expected to      
reverse.                                                                      

The realization of deferred tax assets depends upon the existence of      
sufficient taxable income within the carryback or carryforward periods under  
the tax law in the applicable tax jurisdiction. Valuation allowances are      
established when management determines, based on available information, that  
it is more likely than not that deferred income tax assets will not be        
realized. Factors in management's determination include the performance of the
business and its ability to generate capital gains. Significant judgment is   
required in determining whether valuation allowances should be established, as
well as the amount of such allowances. When making such determination,        
consideration is given to, among other things, the following:                 

.  future taxable income exclusive of reversing temporary differences and   
carryforwards;                                                        
.  future reversals of existing taxable temporary differences;              
.  taxable income in prior carryback years; and                             
.  tax planning strategies.                                                 

The Company may be required to change its provision for income taxes in   
certain circumstances. Examples of such circumstances include when estimates  
used in determining valuation allowances on deferred tax assets significantly 
change or when receipt of new information indicates the need for adjustment in
valuation allowances. Additionally, future events, such as changes in tax     
laws, tax regulations, or interpretations of such laws or regulations, could  
have an impact on the provision for income tax and the effective tax rate. Any
such changes could significantly affect the amounts reported in the financial 
statements in the year these changes occur.                                   

The Company determines whether it is more likely than not that a tax      
position will be sustained upon examination by the appropriate taxing         
authorities before any part of the benefit can be recorded in the financial   
statements. A tax position is measured at the largest amount of benefit that  
is greater than 50% likely of being realized upon settlement. Unrecognized tax
benefits due to tax uncertainties that do not meet the threshold are included 
within other liabilities and are charged to earnings in the period that such  
determination is made.                                                        

  The Company classifies interest recognized as interest expense and penalties
recognized as a component of income tax.                                      

Litigation Contingencies                                                      

The Company is a party to a number of legal actions and is involved in a  
number of regulatory investigations. Given the inherent unpredictability of   
these matters, it is difficult to estimate the impact on the Company's        
financial position. Liabilities are established when it is probable that a    
loss has been incurred and the amount of the loss can be reasonably estimated.
Except as otherwise disclosed in Note 17, legal costs are recognized as       
incurred. On a quarterly and annual basis, the Company reviews relevant       
information with respect to liabilities for litigation, regulatory            
investigations and litigation-related contingencies to be reflected in the    
Company's financial statements.                                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Other Accounting Policies                                                     

Redeemable Noncontrolling Interests                                         

  Redeemable noncontrolling interests associated with certain joint ventures
and partially-owned consolidated subsidiaries are reported in the temporary 
section of the balance sheet.                                               

Stock-Based Compensation                                                    

 Stock-based compensation recognized in the Company's consolidated results
of operations is allocated from MetLife, Inc. The accounting policies       
described below represent those that MetLife, Inc. applies in determining   
such allocated expenses.                                                    

MetLife, Inc. grants certain employees and directors stock-based        
compensation awards under various plans that are subject to specific vesting
conditions. With the exception of performance shares granted in 2013 which  
are remeasured quarterly, the cost of all stock-based transactions is       
measured at fair value at grant date and recognized over the period during  
which a grantee is required to provide services in exchange for the award.  
Although the terms of MetLife, Inc.'s stock-based plans do not accelerate   
vesting upon retirement, or the attainment of retirement eligibility, the   
requisite service period subsequent to attaining such eligibility is        
 considered nonsubstantive. Accordingly, MetLife, Inc. recognizes compensation
expense related to stock-based awards over the shorter of the requisite     
service period or the period to attainment of retirement eligibility. An    
estimation of future forfeitures of stock-based awards is incorporated into 
the determination of compensation expense when recognizing expense over the 
requisite service period.                                                   

Cash and Cash Equivalents                                                   

The Company considers all highly liquid securities and other investments
purchased with an original or remaining maturity of three months or less at 
the date of purchase to be cash equivalents. Cash equivalents are stated at 
amortized cost, which approximates estimated fair value.                    

Property, Equipment, Leasehold Improvements and Computer Software           

   Property, equipment and leasehold improvements, which are included in other
assets, are stated at cost, less accumulated depreciation and amortization. 
Depreciation is determined using the straight-line method over the estimated
useful lives of the assets, as appropriate. The estimated life is generally 
40 years for company occupied real estate property, from one to 25 years for
leasehold improvements, and from three to seven years for all other property
and equipment. The cost basis of the property, equipment and leasehold      
 improvements was $1.2 billion and $1.7 billion at December 31, 2013 and 2012,
respectively. Accumulated depreciation and amortization of property,        
equipment and leasehold improvements was $667 million and $1.0 billion at   
December 31, 2013 and 2012, respectively. Related depreciation and          
amortization expense was $115 million, $121 million and $118 million for the
years ended December 31, 2013, 2012 and 2011, respectively.                 

Computer software, which is included in other assets, is stated at cost,
less accumulated amortization. Purchased software costs, as well as certain 
internal and external costs incurred to develop internal-use computer       
software during the application development stage, are capitalized. Such    
costs are amortized                                                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

generally over a four-year period using the straight-line method. The cost  
basis of computer software was $1.0 billion and $902 million at December 31,
 2013 and 2012, respectively. Accumulated amortization of capitalized software
was $739 million and $611 million at December 31, 2013 and 2012,            
 respectively. Related amortization expense was $144 million, $143 million and
$145 million for the years ended December 31, 2013, 2012 and 2011,          
respectively.                                                               

Other Revenues                                                              

Other revenues include, in addition to items described elsewhere herein,
advisory fees, broker-dealer commissions and fees, administrative service   
 fees, and changes in account value relating to corporate-owned life insurance
("COLI"). Such fees and commissions are recognized in the period in which   
services are performed. Under certain COLI contracts, if the Company reports
certain unlikely adverse results in its financial statements, withdrawals   
would not be immediately available and would be subject to market value     
adjustment, which could result in a reduction of the account value.         

Policyholder Dividends                                                      

   Policyholder dividends are approved annually by Metropolitan Life Insurance
Company and its insurance subsidiaries' boards of directors. The aggregate  
amount of policyholder dividends is related to actual interest, mortality,  
morbidity and expense experience for the year, as well as management's      
judgment as to the appropriate level of statutory surplus to be retained by 
Metropolitan Life Insurance Company and its insurance subsidiaries.         

Foreign Currency                                                            

  Assets, liabilities and operations of foreign affiliates and subsidiaries,
if any, are recorded based on the functional currency of each entity. The   
determination of the functional currency is made based on the appropriate   
economic and management indicators. The local currencies of foreign         
operations are the functional currencies. Assets and liabilities of foreign 
affiliates and subsidiaries, if any, are translated from the functional     
 currency to U.S. dollars at the exchange rates in effect at each year-end and
income and expense accounts are translated at the average exchange rates    
during the year. The resulting translation adjustments are charged or       
credited directly to OCI, net of applicable taxes. Gains and losses from    
foreign currency transactions, including the effect of re-measurement of    
monetary assets and liabilities to the appropriate functional currency, are 
 reported as part of net investment gains (losses) in the period in which they
occur.                                                                      

Adoption of New Accounting Pronouncements                                       

Effective July 17, 2013, the Company adopted new guidance regarding         
derivatives that permits the Fed Funds Effective Swap Rate (or Overnight Index  
Swap Rate) to be used as a U.S. benchmark interest rate for hedge accounting    
purposes, in addition to the United States Treasury and London Interbank        
Offered Rate ("LIBOR"). Also, this new guidance removes the restriction on      
using different benchmark rates for similar hedges. The new guidance did not    
have a material impact on the financial statements upon adoption, but may       
impact the selection of benchmark interest rates for hedging relationships in   
the future.                                                                     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

Effective January 1, 2013, the Company adopted new guidance regarding       
comprehensive income that requires an entity to provide information about the   
amounts reclassified out of AOCI by component. In addition, an entity is        
required to present, either on the face of the statement where net income is    
presented or in the notes, significant amounts reclassified out of AOCI by the  
respective line items of net income but only if the amount reclassified is      
required under GAAP to be reclassified to net income in its entirety in the     
same reporting period. For other amounts that are not required under GAAP to be 
reclassified in their entirety to net income, an entity is required to          
cross-reference to other disclosures required under GAAP that provide           
additional detail about those amounts. The adoption was prospectively applied   
and resulted in additional disclosures in Note 13.                              

 Effective January 1, 2013, the Company adopted new guidance regarding balance
sheet offsetting disclosures which requires an entity to disclose information   
about offsetting and related arrangements for derivatives, including bifurcated 
embedded derivatives, repurchase and reverse repurchase agreements, and         
securities borrowing and lending transactions, to enable users of its financial 
statements to understand the effects of those arrangements on its financial     
position. Entities are required to disclose both gross information and net      
information about both instruments and transactions eligible for offset in the  
statement of financial position and instruments and transactions subject to an  
agreement similar to a master netting arrangement. The adoption was             
retrospectively applied and resulted in additional disclosures related to       
derivatives in Note 9.                                                          

 On January 1, 2012, the Company adopted new guidance regarding accounting for
DAC, which was retrospectively applied. The guidance specifies that only costs  
related directly to successful acquisition of new or renewal contracts can be   
capitalized as DAC; all other acquisition-related costs must be expensed as     
incurred. As a result, certain sales manager compensation and administrative    
cost previously capitalized by the Company will no longer be deferred.          

On January 1, 2012, the Company adopted new guidance regarding comprehensive
income, which was retrospectively applied, that provides companies with the     
option to present the total of comprehensive income, components of net income,  
and the components of OCI either in a single continuous statement of            
comprehensive income or in two separate but consecutive statements in annual    
financial statements. The standard eliminates the option to present components  
of OCI as part of the statement of changes in stockholders' equity. The Company 
adopted the two-statement approach for annual financial statements.             

Effective January 1, 2012, the Company adopted new guidance on goodwill     
impairment testing that simplifies how an entity tests goodwill for impairment. 
This new guidance allows an entity to first assess qualitative factors to       
determine whether it is more likely than not that the fair value of a reporting 
unit is less than its carrying value as a basis for determining whether it      
needs to perform the quantitative two-step goodwill impairment test. Only if an 
entity determines, based on qualitative assessment, that it is more likely than 
not that a reporting unit's fair value is less than its carrying value will it  
be required to calculate the fair value of the reporting unit. The qualitative  
assessment is optional and the Company is permitted to bypass it for any        
reporting unit in any period and begin its impairment analysis with the         
quantitative calculation. The Company is permitted to perform the qualitative   
assessment in any subsequent period.                                            

Effective January 1, 2012, the Company adopted new guidance regarding fair  
value measurements that establishes common requirements for measuring fair      
value and for disclosing information about fair value measurements in           
accordance with GAAP and International Financial Reporting Standards. Some of   
the amendments clarify the Financial Accounting Standards Board's ("FASB")      
intent on the application of existing                                           

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

1. Business, Basis of Presentation and Summary of Significant Accounting        
Policies (continued)                                                            

fair value measurement requirements. Other amendments change a particular       
principle or requirement for measuring fair value or for disclosing information 
about fair value measurements. The adoption did not have a material impact on   
the Company's financial statements other than the expanded disclosures in Note  
10.                                                                             

Future Adoption of New Accounting Pronouncements                                

In March 2013, the FASB issued new guidance regarding foreign currency      
(Accounting Standards Update ("ASU") 2013-05, Foreign Currency Matters (Topic   
830): Parent's Accounting for the Cumulative Translation Adjustment upon        
Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign      
Entity or of an Investment in a Foreign Entity), effective prospectively for    
fiscal years and interim reporting periods within those years beginning after   
December 15, 2013. The amendments require an entity that ceases to have a       
controlling financial interest in a subsidiary or group of assets within a      
foreign entity to apply the guidance in Subtopic 830-30, Foreign Currency       
Matters -- Translation of Financial Statements, to release any related          
cumulative translation adjustment into net income. Accordingly, the cumulative  
translation adjustment should be released into net income only if the sale or   
transfer results in the complete or substantially complete liquidation of the   
foreign entity in which the subsidiary or group of assets had resided. For an   
equity method investment that is a foreign entity, the partial sale guidance in 
section 830-30-40, Derecognition, still applies. As such, a pro rata portion of 
the cumulative translation adjustment should be released into net income upon a 
partial sale of such an equity method investment. The Company does not expect   
the adoption of this new guidance to have a material impact on its financial    
statements.                                                                     

In February 2013, the FASB issued new guidance regarding liabilities (ASU   
2013-04, Liabilities (Topic 405): Obligations Resulting from Joint and Several  
Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at 
the Reporting Date), effective retrospectively for fiscal years beginning after 
December 15, 2013 and interim periods within those years. The amendments        
require an entity to measure obligations resulting from joint and several       
liability arrangements for which the total amount of the obligation within the  
scope of the guidance is fixed at the reporting date, as the sum of the amount  
the reporting entity agreed to pay on the basis of its arrangement among its    
co-obligors and any additional amount the reporting entity expects to pay on    
behalf of its co-obligors. In addition, the amendments require an entity to     
disclose the nature and amount of the obligation, as well as other information  
about the obligation. The Company does not expect the adoption of this new      
guidance to have a material impact on its financial statements.                 

In July 2011, the FASB issued new guidance on other expenses (ASU 2011-06,  
Other Expenses (Topic 720): Fees Paid to the Federal Government by Health       
Insurers), effective for calendar years beginning after December 31, 2013. The  
objective of this standard is to address how health insurers should recognize   
and classify in their income statements fees mandated by the Patient Protection 
and Affordable Care Act, as amended by the Health Care and Education            
Reconciliation Act. The amendments in this standard specify that the liability  
for the fee should be estimated and recorded in full once the entity provides   
qualifying health insurance in the applicable calendar year in which the fee is 
payable with a corresponding deferred cost that is amortized to expense using   
the straight-line method of allocation unless another method better allocates   
the fee over the calendar year that it is payable. In accordance with the       
adoption of the new accounting pronouncement, on January 1, 2014, the Company   
recorded $55 million in other liabilities, and a corresponding deferred cost,   
in other assets.                                                                

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information                                                          

The Company is organized into three segments: Retail; Group, Voluntary &    
Worksite Benefits; and Corporate Benefit Funding. In addition, the Company      
reports certain of its results of operations in Corporate & Other.              

Retail                                                                          

The Retail segment offers a broad range of protection products and services 
and a variety of annuities to individuals and employees of corporations and     
other institutions, and is organized into two businesses: Life & Other and      
Annuities. Life & Other insurance products and services include variable life,  
universal life, term life and whole life products. Additionally, through        
broker-dealer affiliates, the Company offers a full range of mutual funds and   
other securities products. Life & Other products and services also include      
individual disability income products. Annuities includes a variety of variable 
and fixed annuities which provide for both asset accumulation and asset         
distribution needs.                                                             

Group, Voluntary & Worksite Benefits                                            

The Group, Voluntary & Worksite Benefits segment offers a broad range of    
protection products and services to individuals and corporations, as well as    
other institutions and their respective employees, and is organized into two    
businesses: Group and Voluntary & Worksite. Group insurance products and        
services include variable life, universal life and term life products. Group    
insurance products and services also include dental, group short- and long-term 
disability and accidental death & dismemberment coverages. The Voluntary &      
Worksite business includes LTC, prepaid legal plans and critical illness        
products.                                                                       

Corporate Benefit Funding                                                       

The Corporate Benefit Funding segment offers a broad range of annuity and   
investment products, including guaranteed interest products and other stable    
value products, income annuities, and separate account contracts for the        
investment management of defined benefit and defined contribution plan assets.  
This segment also includes structured settlements and certain products to fund  
postretirement benefits and company-, bank- or trust-owned life insurance used  
to finance non-qualified benefit programs for executives.                       

Corporate & Other                                                               

Corporate & Other contains the excess capital not allocated to the segments,
enterprise-wide strategic initiative restructuring charges, various start-up    
and certain run-off businesses, the Company's ancillary international           
operations, interest expense related to the majority of the Company's           
outstanding debt, as well as expenses associated with certain legal proceedings 
and income tax audit issues. Start-up businesses include direct and digital     
marketing products. In addition, starting in 2013, Corporate & Other includes   
ancillary U.S. sponsored direct business, comprised of group and individual     
products sold through sponsoring organizations and affinity groups. Corporate & 
Other also includes our investment management business through which we offer   
fee-based investment management services to institutional clients.              
Additionally, Corporate & Other includes the elimination of intersegment        
amounts, which generally relate to intersegment loans, which bear interest      
rates commensurate with related borrowings.                                     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

Financial Measures and Segment Accounting Policies                              

Operating earnings is the measure of segment profit or loss the Company uses
to evaluate segment performance and allocate resources. Consistent with GAAP    
guidance for segment reporting, operating earnings is the Company's measure of  
segment performance and is reported below. Operating earnings should not be     
viewed as a substitute for income (loss) from continuing operations, net of     
income tax. The Company believes the presentation of operating earnings as the  
Company measures it for management purposes enhances the understanding of its   
performance by highlighting the results of operations and the underlying        
profitability drivers of the business.                                          

Operating earnings is defined as operating revenues less operating expenses,
both net of income tax.                                                         

Operating revenues excludes net investment gains (losses) and net derivative
gains (losses).                                                                 

The following additional adjustments are made to GAAP revenues, in the line 
items indicated, in calculating operating revenues:                             

.  Universal life and investment-type product policy fees excludes the  
amortization of unearned revenue related to net investment gains  
     (losses) and net derivative gains (losses) and certain variable annuity
GMIB fees ("GMIB Fees"); and                                      

.  Net investment income: (i) includes amounts for scheduled periodic   
     settlement payments and amortization of premium on derivatives that are
      hedges of investments or that are used to replicate certain investments,
     but do not qualify for hedge accounting treatment, (ii) includes income
from discontinued real estate operations, (iii) excludes post-tax 
 operating earnings adjustments relating to insurance joint ventures
      accounted for under the equity method, and (iv) excludes certain amounts
       related to securitization entities that are VIEs consolidated under GAAP.

    The following adjustments are made to GAAP expenses, in the line items
indicated, in calculating operating expenses:                     

.  Policyholder benefits and claims and policyholder dividends excludes:
(i) changes in the policyholder dividend obligation related to net
investment gains (losses) and net derivative gains (losses),      
    (ii) amounts associated with periodic crediting rate adjustments based
     on the total return of a contractually referenced pool of assets, (iii)
benefits and hedging costs related to GMIBs ("GMIB Costs"), and   
      (iv) market value adjustments associated with surrenders or terminations
of contracts ("Market Value Adjustments");                        

  .  Interest credited to policyholder account balances includes adjustments
    for scheduled periodic settlement payments and amortization of premium
 on derivatives that are hedges of PABs but do not qualify for hedge
accounting treatment;                                             

.  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;          

.  Interest expense on debt excludes certain amounts related to         
securitization entities that are VIEs consolidated under GAAP; and

.  Other expenses excludes costs related to noncontrolling interests and
goodwill impairments.                                             

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

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, 2013, 2012 and 2011 and at December 31, 2013 and 2012. 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 MetLife, Inc.'s and the Company's  
business.                                                                       

MetLife, Inc.'s economic capital model aligns segment allocated equity with 
emerging standards and consistent risk principles. The model applies            
statistics-based risk evaluation principles to the material risks to which the  
Company is exposed. These consistent risk principles include calibrating        
required economic capital shock factors to a specific confidence level and time 
horizon and applying an industry standard method for the inclusion of           
diversification benefits among risk types.                                      

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.                           

Net investment income is based upon the actual results of each segment's    
specifically identifiable investment portfolios 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.                                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

                                                        [Enlarge/Download Table]

                                                             Operating Earnings                                           
                                            -----------------------------------------------------                         
                                                         Group,                                                           
                                                       Voluntary  Corporate                                               
                                                       & Worksite  Benefit   Corporate                           Total    
Year Ended December 31, 2013                  Retail    Benefits   Funding    & Other    Total    Adjustments Consolidated
------------------------------------------- ---------- ---------- ---------- --------- ---------- ----------- ------------
                                                                            (In millions)                                 
                                                                                                                          
Revenues                                                                                                                  
Premiums................................... $    3,992 $  13,732  $    2,675 $      76 $   20,475  $     --     $ 20,475  
Universal life and investment-type product                                                                                
 policy fees...............................      1,397       688         211        --      2,296        67        2,363  
Net investment income......................      5,385     1,790       4,611       431     12,217     (432)       11,785  
Other revenues.............................        328       404         273       694      1,699        --        1,699  
Net investment gains (losses)..............         --        --          --        --         --        48           48  
Net derivative gains (losses)..............         --        --          --        --         --   (1,070)      (1,070)  
                                            ---------- ---------  ---------- --------- ----------  --------     --------  
  Total revenues...........................     11,102    16,614       7,770     1,201     36,687   (1,387)       35,300  
                                            ---------- ---------  ---------- --------- ----------  --------     --------  
Expenses                                                                                                                  
Policyholder benefits and claims and                                                                                      
 policyholder dividends....................      6,246    13,191       4,723        67     24,227        10       24,237  
Interest credited to policyholder account                                                                                 
 balances..................................        988       156       1,092        --      2,236        17        2,253  
Capitalization of DAC......................      (517)      (20)        (25)        --      (562)        --        (562)  
Amortization of DAC and VOBA...............        447        25          19        --        491     (230)          261  
Interest expense on debt...................          5         1          10       134        150         3          153  
Other expenses.............................      2,280     1,988         489     1,348      6,105        31        6,136  
                                            ---------- ---------  ---------- --------- ----------  --------     --------  
  Total expenses...........................      9,449    15,341       6,308     1,549     32,647     (169)       32,478  
                                            ---------- ---------  ---------- --------- ----------  --------     --------  
Provision for income tax expense (benefit).        579       446         512     (421)      1,116     (435)          681  
                                            ---------- ---------  ---------- --------- ----------               --------  
Operating earnings......................... $    1,074 $     827  $      950 $      73      2,924                         
                                            ========== =========  ========== =========                                    
Adjustments to:                                                                                                           
  Total revenues...........................                                               (1,387)                         
  Total expenses...........................                                                   169                         
  Provision for income tax (expense)                                                                                      
   benefit.................................                                                   435                         
                                                                                       ----------                         
Income (loss) from continuing operations,                                                                                 
 net of income tax.........................                                            $    2,141               $  2,141  
                                                                                       ==========               ========  
                                                         Group,                                                           
                                                       Voluntary  Corporate                                               
                                                       & Worksite  Benefit   Corporate                                    
At December 31, 2013                          Retail    Benefits   Funding    & Other    Total                            
------------------------------------------- ---------- ---------- ---------- --------- ----------                         
                                                                (In millions)                                             

Total assets............................... $  174,853 $  41,059  $  188,960 $  27,911 $  432,783                         
Separate account assets.................... $   59,217 $     644  $   74,935 $      -- $  134,796                         
Separate account liabilities............... $   59,217 $     644  $   74,935 $      -- $  134,796                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

                                                        [Enlarge/Download Table]

                                                             Operating Earnings                                           
                                            -----------------------------------------------------                         
                                                         Group,                                                           
                                                       Voluntary  Corporate                                               
                                                       & Worksite  Benefit   Corporate                           Total    
Year Ended December 31, 2012                  Retail    Benefits   Funding    & Other    Total    Adjustments Consolidated
------------------------------------------- ---------- ---------- ---------- --------- ---------- ----------- ------------
                                                                            (In millions)                                 
                                                                                                                          
Revenues                                                                                                                  
Premiums................................... $    3,997 $  13,274  $    2,608 $       1 $   19,880   $   --      $ 19,880  
Universal life and investment-type product                                                                                
 policy fees...............................      1,332       663         194        --      2,189       50         2,239  
Net investment income......................      5,384     1,680       4,519       554     12,137    (285)        11,852  
Other revenues.............................        265       398         252       815      1,730       --         1,730  
Net investment gains (losses)..............         --        --          --        --         --    (330)         (330)  
Net derivative gains (losses)..............         --        --          --        --         --      675           675  
                                            ---------- ---------  ---------- --------- ----------   ------      --------  
  Total revenues...........................     10,978    16,015       7,573     1,370     35,936      110        36,046  
                                            ---------- ---------  ---------- --------- ----------   ------      --------  
Expenses                                                                                                                  
Policyholder benefits and claims and                                                                                      
 policyholder dividends....................      6,294    12,580       4,552       (1)     23,425      139        23,564  
Interest credited to policyholder account                                                                                 
 balances..................................      1,002       167       1,192        --      2,361       29         2,390  
Capitalization of DAC......................      (584)      (24)        (24)        --      (632)       --         (632)  
Amortization of DAC and VOBA...............        656        29          12         2        699      292           991  
Interest expense on debt...................          5         1           9       133        148        4           152  
Other expenses.............................      2,341     1,901         438     1,196      5,876        7         5,883  
                                            ---------- ---------  ---------- --------- ----------   ------      --------  
  Total expenses...........................      9,714    14,654       6,179     1,330     31,877      471        32,348  
                                            ---------- ---------  ---------- --------- ----------   ------      --------  
Provision for income tax expense (benefit).        442       477         488     (236)      1,171    (116)         1,055  
                                            ---------- ---------  ---------- --------- ----------               --------  
Operating earnings......................... $      822 $     884  $      906 $     276      2,888                         
                                            ========== =========  ========== =========                                    
Adjustments to:                                                                                                           
  Total revenues...........................                                                   110                         
  Total expenses...........................                                                 (471)                         
  Provision for income tax (expense)                                                                                      
   benefit.................................                                                   116                         
                                                                                       ----------                         
Income (loss) from continuing operations,                                                                                 
 net of income tax.........................                                            $    2,643               $  2,643  
                                                                                       ==========               ========  
                                                         Group,                                                           
                                                       Voluntary  Corporate                                               
                                                       & Worksite  Benefit   Corporate                                    
At December 31, 2012                          Retail    Benefits   Funding    & Other    Total                            
------------------------------------------- ---------- ---------- ---------- --------- ----------                         
                                                                (In millions)                                             

Total assets............................... $  171,050 $  41,362  $  183,856 $  32,996 $  429,264                         
Separate account assets.................... $   50,572 $     532  $   69,867 $      -- $  120,971                         
Separate account liabilities............... $   50,572 $     532  $   69,867 $      -- $  120,971                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

                                                        [Enlarge/Download Table]

                                                           Operating Earnings                                         
                                            -------------------------------------------------                         
                                                       Group,                                                         
                                                     Voluntary  Corporate                                             
                                                     & Worksite  Benefit  Corporate                          Total    
Year Ended December 31, 2011                 Retail   Benefits   Funding   & Other    Total   Adjustments Consolidated
------------------------------------------- -------- ---------- --------- --------- --------- ----------- ------------
                                                                          (In millions)                               
                                                                                                                      
Revenues                                                                                                              
Premiums................................... $  4,022 $  12,487  $  1,778  $      1  $  18,288 $       --   $  18,288  
Universal life and investment-type product                                                                            
 policy fees...............................    1,334       630       197        --      2,161         41       2,202  
Net investment income......................    5,363     1,682     4,312       385     11,742      (127)      11,615  
Other revenues.............................      226       374       242       966      1,808         --       1,808  
Net investment gains (losses)..............       --        --        --        --         --        132         132  
Net derivative gains (losses)..............       --        --        --        --         --      1,578       1,578  
                                            -------- ---------  --------  --------  --------- ----------   ---------  
  Total revenues...........................   10,945    15,173     6,529     1,352     33,999      1,624      35,623  
                                            -------- ---------  --------  --------  --------- ----------   ---------  
Expenses                                                                                                              
Policyholder benefits and claims and                                                                                  
 policyholder dividends....................    6,425    11,880     3,683         4     21,992         44      22,036  
Interest credited to policyholder account                                                                             
 balances..................................    1,000       178     1,140        --      2,318         54       2,372  
Capitalization of DAC......................    (622)      (84)      (18)        --      (724)         --       (724)  
Amortization of DAC and VOBA...............      681        95        14         1        791         84         875  
Interest expense on debt...................        5        --         8       172        185          9         194  
Other expenses.............................    2,564     1,837       472     1,247      6,120          6       6,126  
                                            -------- ---------  --------  --------  --------- ----------   ---------  
  Total expenses...........................   10,053    13,906     5,299     1,424     30,682        197      30,879  
                                            -------- ---------  --------  --------  --------- ----------   ---------  
Provision for income tax expense                                                                                      
 (benefit).................................      314       445       432     (229)        962        498       1,460  
                                            -------- ---------  --------  --------  ---------              ---------  
Operating earnings......................... $    578 $     822  $    798  $    157      2,355                         
                                            ======== =========  ========  ========                                    
Adjustments to:                                                                                                       
  Total revenues...........................                                             1,624                         
  Total expenses...........................                                             (197)                         
  Provision for income tax                                                                                            
   (expense) benefit.......................                                             (498)                         
                                                                                    ---------                         
Income (loss) from continuing                                                                                         
 operations, net of income tax.............                                         $   3,284              $   3,284  
                                                                                    =========              =========  

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:                        

                                                                [Download Table]

                                 Years Ended December 31,   
                               -----------------------------
                                 2013      2012      2011   
                               --------- --------- ---------
                                       (In millions)        
                                                            
Life insurance (1)............ $  17,489 $  17,224 $  16,209
Accident and health insurance.     6,873     6,458     5,940
Non-insurance.................       175       167       149
                               --------- --------- ---------
 Total........................ $  24,537 $  23,849 $  22,298
                               ========= ========= =========

--------                                                                        

(1) Includes annuities and corporate benefit funding products.                  

Revenues derived from one Group, Voluntary & Worksite Benefits customer were
$2.5 billion, $2.5 billion and $2.4 billion for the years ended December 31,    
2013, 2012 and 2011, respectively, which represented 10%,                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

2. Segment Information (continued)                                              

11% and 11%, respectively, of consolidated premiums, universal life and         
investment-type product policy fees and other revenues. Revenues derived from   
any other customer did not exceed 10% of consolidated premiums, universal life  
and investment-type product policy fees and other revenues for the years ended  
December 31, 2013, 2012 and 2011. Substantially all of the Company's            
consolidated premiums, universal life & investment-type product policy fees and 
other revenues originated in the U.S.                                           

3. Discontinued Operations                                                      

The following table summarizes the amounts that have been reflected as      
discontinued operations in the consolidated statements of operations. Income    
(loss) from discontinued operations includes real estate classified as          
held-for-sale or sold.                                                          

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,
                                                                  ----------------------- 
                                                                   2013     2012    2011  
                                                                  -------  ------- -------
                                                                       (In millions)      
                                                                                          
Total revenues................................................... $     2  $    62 $   105
Total expenses...................................................      --       --      --
                                                                  -------  ------- -------
Income (loss) before provision for income tax....................       2       62     105
Provision for income tax expense (benefit).......................       1       22      37
                                                                  -------  ------- -------
Income (loss) from operations of discontinued operations, net of                          
  income tax.....................................................       1       40      68
Gain (loss) on disposal of operations, net of income tax.........      --       --     (7)
                                                                  -------  ------- -------
Income (loss) from discontinued operations, net of income tax.... $     1  $    40 $    61
                                                                  =======  ======= =======

4. Insurance                                                                    

Insurance Liabilities                                                           

Insurance liabilities, including affiliated insurance liabilities on        
reinsurance assumed and ceded, are comprised of future policy benefits, PABs    
and other policy-related balances. Information regarding insurance liabilities  
by segment, as well as Corporate & Other, was as follows at:                    

                                                                [Download Table]

                                          December 31,     
                                      ---------------------
                                         2013       2012   
                                      ---------- ----------
                                          (In millions)    
                                                           
Retail............................... $   91,575 $   92,322
Group, Voluntary & Worksite Benefits.     28,035     28,517
Corporate Benefit Funding............     89,941     93,051
Corporate & Other....................        581        475
                                      ---------- ----------
 Total............................... $  210,132 $  214,365
                                      ========== ==========

See Note 6 for discussion of affiliated reinsurance liabilities included in 
the table above.                                                                

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Future policy benefits are measured as follows:                             

Product Type:                        Measurement Assumptions:               
--------------------------------------------------------------------------- 
Participating life                   Aggregate of (i) net level premium     
                              reserves for death and endowment
                               policy benefits (calculated based
                              upon the non-forfeiture interest
                              rate, ranging from 3% to 7%, and
                           mortality rates guaranteed in
                                   calculating the cash surrender values
                               described in such contracts); and
                             (ii) the liability for terminal
        dividends.
--------------------------------------------------------------------------- 
Nonparticipating life                Aggregate of the present value of      
                                  expected future benefit payments and
                               related expenses less the present
                          value of expected future net
                                   premiums. Assumptions as to mortality
                                and persistency are based upon the
                                 Company's experience when the basis
                              of the liability is established.
                               Interest rate assumptions for the
                             aggregate future policy benefit
                               liabilities range from 2% to 10%.
--------------------------------------------------------------------------- 
Individual and group traditional     Present value of expected future       
fixed annuities after annuitization  payments. Interest rate assumptions    
                                   used in establishing such liabilities
                   range from 1% to 11%.
--------------------------------------------------------------------------- 
Non-medical health insurance         The net level premium method and       
                                 assumptions as to future morbidity,
                             withdrawals and interest, which
                          provide a margin for adverse
                                  deviation. Interest rate assumptions
                                   used in establishing such liabilities
                  range from 4% to 7%.
--------------------------------------------------------------------------- 
Disabled lives                       Present value of benefits method and   
                                experience assumptions as to claim
                                  terminations, expenses and interest.
                               Interest rate assumptions used in
                                 establishing such liabilities range
            from 2% to 8%.
--------------------------------------------------------------------------- 

Participating business represented 5% of the Company's life insurance       
in-force at both December 31, 2013 and 2012. Participating policies represented 
28%, 29% and 32% of gross life insurance premiums for the years ended           
December 31, 2013, 2012 and 2011, respectively.                                 

PABs are equal to: (i) policy account values, which consist of an           
accumulation of gross premium payments (ii) credited interest, ranging from 1%  
to 13%, less expenses, mortality charges and withdrawals; and (iii) fair value  
adjustments relating to business combinations.                                  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Guarantees                                                                      

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:                                           

                                                        [Enlarge/Download Table]
                                                                                                 
Guarantee:                                       Measurement Assumptions:                        
-------------------------------------------------------------------------------------------------
GMDBs  .  A return of purchase payment upon   Present value of expected death benefits in        
          death even if the account value is    excess of the projected account balance          
          reduced to zero.                      recognizing the excess ratably over the          
                                                accumulation period based on the present         
                                                value of total expected assessments.             
-------------------------------------------------------------------------------------------------

       .  An enhanced death benefit may be    Assumptions are consistent with those used         
          available for an additional fee.      for amortizing DAC, and are thus subject to      
                                                the same variability and risk.                   

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

                                              Benefit assumptions are based on the average       
                                                benefits payable over a range of scenarios.      
-------------------------------------------------------------------------------------------------
GMIBs  .  After a specified period of time    Present value of expected income benefits in       
          determined at the time of issuance    excess of the projected account balance at       
          of the variable annuity contract,     any future date of annuitization and             
          a minimum accumulation of purchase    recognizing the excess ratably over the          
          payments, even if the account         accumulation period based on present value       
          value is reduced to zero, that can    of total expected assessments.                   
          be annuitized to receive a monthly                                                     
          income stream that is not less                                                         
          than a specified amount.                                                               
       .  Certain contracts also provide for  Assumptions are consistent with those used         
          a guaranteed lump sum return of       for estimating GMDB liabilities.                 
          purchase premium in lieu of the                                                        
          annuitization benefit.                                                                 

                                              Calculation incorporates an assumption for         
                                                the percentage of the potential annuitizations   
                                                that may be elected by the contractholder.       
-------------------------------------------------------------------------------------------------
GMWBs. .  A return of purchase payment via    Expected value of the life contingent              
          partial withdrawals, even if the      payments and expected assessments using          
          account value is reduced to zero,     assumptions consistent with those used for       
          provided that cumulative              estimating the GMDB liabilities.                 
          withdrawals in a contract year do                                                      
          not exceed a certain limit.                                                            

       .  Certain contracts include                                                              
          guaranteed withdrawals that are                                                        
          life contingent.                                                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

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.           

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:                                         

                                                                [Download Table]

                                                Universal and Variable         
                              Annuity Contracts    Life Contracts              
                              ----------------  ---------------------          
                                                Secondary    Paid-Up           
                               GMDBs    GMIBs   Guarantees  Guarantees  Total  
                              -------  -------- ----------  ---------- --------
                                               (In millions)                   
                                                                               
Direct                                                                         
Balance at January 1, 2011... $    61  $    113  $    246    $    49   $    469
Incurred guaranteed benefits.      30        45        15          9         99
Paid guaranteed benefits.....     (7)        --        --         --        (7)
                              -------  --------  --------    -------   --------
Balance at December 31, 2011.      84       158       261         58        561
Incurred guaranteed benefits.      31       174        79         10        294
Paid guaranteed benefits.....     (6)        --        --         --        (6)
                              -------  --------  --------    -------   --------
Balance at December 31, 2012.     109       332       340         68        849
Incurred guaranteed benefits.      44        58        77          6        185
Paid guaranteed benefits.....     (5)        --        --         --        (5)
                              -------  --------  --------    -------   --------
Balance at December 31, 2013  $   148  $    390  $    417    $    74   $  1,029
                              =======  ========  ========    =======   ========
Ceded                                                                          
Balance at January 1, 2011... $    44  $     36  $    209    $    34   $    323
Incurred guaranteed benefits.      25        16         3          7         51
Paid guaranteed benefits.....     (7)        --        --         --        (7)
                              -------  --------  --------    -------   --------
Balance at December 31, 2011.      62        52       212         41        367
Incurred guaranteed benefits.      30        58        53          6        147
Paid guaranteed benefits.....     (6)        --        --         --        (6)
                              -------  --------  --------    -------   --------
Balance at December 31, 2012.      86       110       265         47        508
Incurred guaranteed benefits.      39        14        49          4        106
Paid guaranteed benefits.....     (5)        --        --         --        (5)
                              -------  --------  --------    -------   --------
Balance at December 31, 2013. $   120  $    124  $    314    $    51   $    609
                              =======  ========  ========    =======   ========
Net                                                                            
Balance at January 1, 2011... $    17  $     77  $     37    $    15   $    146
Incurred guaranteed benefits.       5        29        12          2         48
Paid guaranteed benefits.....      --        --        --         --         --
                              -------  --------  --------    -------   --------
Balance at December 31, 2011.      22       106        49         17        194
Incurred guaranteed benefits.       1       116        26          4        147
Paid guaranteed benefits.....      --        --        --         --         --
                              -------  --------  --------    -------   --------
Balance at December 31, 2012.      23       222        75         21        341
Incurred guaranteed benefits.       5        44        28          2         79
Paid guaranteed benefits.....      --        --        --         --         --
                              -------  --------  --------    -------   --------
Balance at December 31, 2013. $    28  $    266  $    103    $    23   $    420
                              =======  ========  ========    =======   ========

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

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

                                                                [Download Table]

                    December 31,    
                 -------------------
                   2013      2012   
                 --------- ---------
                    (In millions)   
                                    
Fund Groupings:                     
Equity.......... $  24,915 $  20,475
Balanced........    22,481    19,235
Bond............     4,551     4,771
Money Market....       179       192
                 --------- ---------
 Total.......... $  52,126 $  44,673
                 ========= =========

Based on the type of guarantee, the Company defines net amount at risk as   
listed below. These amounts include direct 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.        

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

 Information regarding the types of guarantees relating to annuity contracts
and universal and variable life contracts was as follows at:                  

                                                        [Enlarge/Download Table]

                                                                    December 31,                       
                                              ---------------------------------------------------------
                                                          2013                         2012            
                                              ---------------------------- ----------------------------
                                                  In the          At           In the          At      
                                              Event of Death Annuitization Event of Death Annuitization
                                              -------------- ------------- -------------- -------------
                                                                    (In millions)                      
                                                                                                       
Annuity Contracts (1)                                                                                  
Variable Annuity Guarantees                                                                            
Total contract account value.................  $    62,763    $    28,934   $    55,469    $    24,229 
Separate account value.......................  $    50,700    $    27,738   $    43,327    $    22,963 
Net amount at risk...........................  $       641    $       123   $       902    $       845 
Average attained age of contractholders......     64 years       62 years      64 years       60 years 
Two Tier Annuities                                                                                     
General account value........................          N/A    $       397           N/A    $       274 
Net amount at risk...........................          N/A    $       123           N/A    $        48 
Average attained age of contractholders......          N/A       54 years           N/A       64 years 

                                                                    December 31,                       
                                              ---------------------------------------------------------
                                                          2013                         2012            
                                              ---------------------------- ----------------------------
                                                Secondary       Paid-Up      Secondary       Paid-Up   
                                                Guarantees    Guarantees     Guarantees    Guarantees  
                                              -------------- ------------- -------------- -------------
                                                                    (In millions)                      
Universal and Variable Life Contracts (1)                                                              
Account value (general and separate account).  $     7,871    $     1,125   $     6,958    $     1,163 
Net amount at risk...........................  $    81,888    $     8,701   $    85,216    $     9,299 
Average attained age of policyholders........     53 years       59 years      52 years       59 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.                                            

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 $26.8 billion, $24.7 billion and $27.4 billion, respectively,    
and repaid $25.1 billion, $21.5 billion and $28.2 billion, respectively, of     
such funding agreements. At December 31, 2013 and 2012, liabilities for funding 
agreements outstanding, which are included in PABs, were $26.0 billion and      
$23.9 billion, respectively.                                                    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

4. Insurance (continued)                                                        

Metropolitan Life Insurance Company and General American Life Insurance     
Company ("GALIC"), a subsidiary, are members of regional banks in the FHLB      
system ("FHLBanks"). Holdings of common stock of FHLBanks, included in equity   
securities, were as follows at:                                                 

                                                                [Download Table]

                    December 31, 
                    -------------
                     2013   2012 
                    ------ ------
                    (In millions)
                                 
FHLB of NY......... $  700 $  736
FHLB of Des Moines. $   50 $   55

The Company has 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:                                                              

                                                                [Download Table]

                             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)......... $   2,550 $   2,550 $       2,929 $       2,929
FHLB of Des Moines (1). $   1,000 $   1,000 $   1,118 (2) $   1,298 (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.                                                           

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of 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, group accident and non-medical health policies and contracts,      
which are reported in future policy benefits and other policy-related balances, 
was as follows:                                                                 

                                                                [Download Table]

                                  Years Ended December 31, 
                                 --------------------------
                                   2013     2012     2011  
                                 -------- -------- --------
                                       (In millions)       
                                                           
Balance at January 1,........... $  6,826 $  6,622 $  6,539
 Less: Reinsurance recoverables.      301      324      448
                                 -------- -------- --------
Net balance at January 1,.......    6,525    6,298    6,091
                                 -------- -------- --------
Incurred related to:                                       
 Current year...................    4,762    4,320    3,856
 Prior years (1)................     (12)     (42)     (79)
                                 -------- -------- --------
   Total incurred...............    4,750    4,278    3,777
                                 -------- -------- --------
Paid related to:                                           
 Current year...................  (3,035)  (2,626)  (2,282)
 Prior years....................  (1,508)  (1,425)  (1,288)
                                 -------- -------- --------
   Total paid...................  (4,543)  (4,051)  (3,570)
                                 -------- -------- --------
Net balance at December 31,.....    6,732    6,525    6,298
 Add: Reinsurance recoverables..      290      301      324
                                 -------- -------- --------
Balance at December 31,......... $  7,022 $  6,826 $  6,622
                                 ======== ======== ========

--------                                                                        

(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    
  dental and accidental death and dismemberment claims 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 $83.1 billion and $71.7 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 $51.7 billion and $49.3 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.                                                          

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

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

See Note 1 for a description of capitalized acquisition costs.              

Nonparticipating and Non-Dividend-Paying Traditional Contracts                  

The Company amortizes DAC and VOBA related to these contracts (term         
insurance, nonparticipating whole life insurance, traditional group life        
insurance, and non-medical health insurance) over the appropriate premium       
paying period in proportion to the historic actual and expected future gross    
premiums that were set at contract issue. The expected premiums are based upon  
the premium requirement of each policy and assumptions for mortality,           
morbidity, persistency and investment returns at policy issuance, or policy     
acquisition (as it relates to VOBA), include provisions for adverse deviation,  
and are consistent with the assumptions used to calculate future policyholder   
benefit liabilities. These assumptions are not revised after policy issuance or 
acquisition unless the DAC or VOBA balance is deemed to be unrecoverable from   
future expected profits. Absent a premium deficiency, variability in            
amortization after policy issuance or acquisition is caused only by variability 
in premium volumes.                                                             

Participating, Dividend-Paying Traditional Contracts                            

The Company amortizes DAC and VOBA related to these contracts over the      
estimated lives of the contracts in proportion to actual and expected future    
gross margins. The amortization includes interest based on rates in effect at   
inception or acquisition of the contracts. The future gross margins are         
dependent principally on investment returns, policyholder dividend scales,      
mortality, persistency, expenses to administer the business, creditworthiness   
of reinsurance counterparties and certain economic variables, such as           
inflation. For participating contracts within the closed block (dividend-paying 
traditional contracts) future gross margins are also dependent upon changes in  
the policyholder dividend obligation. See Note 7. Of these factors, the Company 
anticipates that investment returns, expenses, persistency and other factor     
changes, as well as policyholder dividend scales are reasonably likely to       
impact significantly the rate of DAC and VOBA amortization. Each reporting      
period, the Company updates the estimated gross margins with the actual gross   
margins for that period. When the actual gross margins change from previously   
estimated gross margins, the cumulative DAC and VOBA amortization is            
re-estimated and adjusted by a cumulative charge or credit to current           
operations. When actual gross margins exceed those previously estimated, the    
DAC and VOBA amortization will increase, resulting in a current period charge   
to earnings. The opposite result occurs when the actual gross margins are below 
the previously estimated gross margins. Each reporting period, the Company also 
updates the actual amount of business in-force, which impacts expected future   
gross margins. When expected future gross margins are below those previously    
estimated, the DAC and VOBA amortization will increase, resulting in a current  
period charge to earnings. The opposite result occurs when the expected future  
gross margins are above the previously estimated expected future gross margins. 
Each period, the Company also reviews the estimated gross margins for each      
block of business to determine the recoverability of DAC and VOBA balances.     

Fixed and Variable Universal Life Contracts and Fixed and Variable Deferred     
Annuity Contracts                                                               

The Company amortizes DAC and VOBA related to these contracts over the      
estimated lives of the contracts in proportion to actual and expected future    
gross profits. The amortization includes interest based on rates in effect at   
inception or acquisition of the contracts. The amount of future gross profits   
is dependent principally upon returns in excess of the amounts credited to      
policyholders, mortality, persistency, interest crediting rates, expenses to    
administer the business, creditworthiness of reinsurance counterparties, the    
effect of any hedges used                                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

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

and certain economic variables, such as inflation. Of these factors, the        
Company anticipates that investment returns, expenses and persistency are       
reasonably likely to impact significantly the rate of DAC and VOBA              
amortization. Each reporting period, the Company updates the estimated gross    
profits with the actual gross profits for that period. When the actual gross    
profits change from previously estimated gross profits, the cumulative DAC and  
VOBA amortization is re-estimated and adjusted by a cumulative charge or credit 
to current operations. When actual gross profits exceed those previously        
estimated, the DAC and VOBA amortization will increase, resulting in a current  
period charge to earnings. The opposite result occurs when the actual gross     
profits are below the previously estimated gross profits. Each reporting        
period, the Company also updates the actual amount of business remaining        
in-force, which impacts expected future gross profits. When expected future     
gross profits are below those previously estimated, the DAC and VOBA            
amortization will increase, resulting in a current period charge to earnings.   
The opposite result occurs when the expected future gross profits are above the 
previously estimated expected future gross profits. Each period, the Company    
also reviews the estimated gross profits for each block of business to          
determine the recoverability of DAC and VOBA balances.                          

Factors Impacting Amortization                                                  

Separate account rates of return on variable universal life contracts and   
variable deferred annuity contracts affect in-force account balances on such    
contracts each reporting period, which can result in significant fluctuations   
in amortization of DAC and VOBA. Returns that are higher than the Company's     
long-term expectation produce higher account balances, which increases the      
Company's future fee expectations and decreases future benefit payment          
expectations on minimum death and living benefit guarantees, resulting in       
higher expected future gross profits. The opposite result occurs when returns   
are lower than the Company's long-term expectation. The Company's practice to   
determine the impact of gross profits resulting from returns on separate        
accounts assumes that long-term appreciation in equity markets is not changed   
by short-term market fluctuations, but is only changed when sustained interim   
deviations are expected. The Company monitors these events and only changes the 
assumption when its long-term expectation changes.                              

The Company also periodically reviews other long-term assumptions underlying
the projections of estimated gross margins and profits. These assumptions       
primarily relate to investment returns, policyholder dividend scales, interest  
crediting rates, mortality, persistency and expenses to administer business.    
Management annually updates assumptions used in the calculation of estimated    
gross margins and profits which may have significantly changed. If the update   
of assumptions causes expected future gross margins and profits to increase,    
DAC and VOBA amortization will decrease, resulting in a current period increase 
to earnings. The opposite result occurs when the assumption update causes       
expected future gross margins and profits to decrease.                          

Periodically, the Company modifies product benefits, features, rights or    
coverages that occur by the exchange of a contract for a new contract, or by    
amendment, endorsement, or rider to a contract, or by election or coverage      
within a contract. If such modification, referred to as an internal             
replacement, substantially changes the contract, the associated DAC or VOBA is  
written off immediately through income and any new deferrable costs associated  
with the replacement contract are deferred. If the modification does not        
substantially change the contract, the DAC or VOBA amortization on the original 
contract will continue and any acquisition costs associated with the related    
modification are expensed.                                                      

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

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

Amortization of DAC and VOBA is attributed to net investment gains (losses) 
and net derivative gains (losses), and to other expenses for the amount of      
gross margins or profits originating from transactions other than investment    
gains and losses. Unrealized investment gains and losses represent the amount   
of DAC and VOBA that would have been amortized if such gains and losses had     
been recognized.                                                                

Information regarding DAC and VOBA was as follows:                          

                                                        [Enlarge/Download Table]

                                                                        Years Ended December 31, 
                                                                       --------------------------
                                                                         2013     2012     2011  
                                                                       -------- -------- --------
                                                                             (In millions)       
                                                                                                 
DAC                                                                                              
Balance at January 1,................................................. $  5,752 $  6,244 $  6,640
Capitalizations.......................................................      562      632      724
Amortization related to:                                                                         
  Net investment gains (losses) and net derivative gains (losses).....      227    (270)     (88)
  Other expenses......................................................    (478)    (709)    (777)
                                                                       -------- -------- --------
   Total amortization.................................................    (251)    (979)    (865)
                                                                       -------- -------- --------
Unrealized investment gains (losses)..................................      495    (145)    (255)
Other (1).............................................................    (220)       --       --
                                                                       -------- -------- --------
Balance at December 31,...............................................    6,338    5,752    6,244
                                                                       -------- -------- --------
VOBA                                                                                             
Balance at January 1,.................................................       80       97      115
Amortization related to:                                                                         
  Other expenses......................................................     (10)     (12)     (10)
                                                                       -------- -------- --------
   Total amortization.................................................     (10)     (12)     (10)
                                                                       -------- -------- --------
Unrealized investment gains (losses)..................................        8      (5)      (8)
                                                                       -------- -------- --------
Balance at December 31,...............................................       78       80       97
                                                                       -------- -------- --------
Total DAC and VOBA                                                                               
Balance at December 31,............................................... $  6,416 $  5,832 $  6,341
                                                                       ======== ======== ========

--------                                                                        

(1)The year ended December 31, 2013 includes ($220) million that was            
 reclassified to DAC from other liabilities. The amounts reclassified relate
 to affiliated reinsurance agreements accounted for using the deposit method
of accounting and represent the DAC amortization on the expense allowances
assumed on the agreements from inception. These amounts were previously   
 included in the calculated value of the deposit payable on these agreements
and were recorded within other liabilities.                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

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

Information regarding total DAC and VOBA by segment was as follows at:      

                                                                [Download Table]

                                        December 31,   
                                      -----------------
                                        2013     2012  
                                      -------- --------
                                        (In millions)  
                                                       
Retail............................... $  5,990 $  5,407
Group, Voluntary & Worksite Benefits.      333      337
Corporate Benefit Funding............       93       88
                                      -------- --------
 Total............................... $  6,416 $  5,832
                                      ======== ========

Information regarding other policy-related intangibles was as follows:      

                                                                [Download Table]

                            Years Ended December 31,
                            ------------------------
                             2013     2012    2011  
                             ------  ------  ------ 
                               (In millions)        
                                                    
Deferred Sales Inducements                          
Balance at January 1,...... $  180   $  184  $  190 
Capitalization.............     15       22      29 
Amortization...............   (20)     (26)    (35) 
                             ------  ------  ------ 
Balance at December 31,.... $  175   $  180  $  184 
                             ======  ======  ====== 
VODA and VOCRA                                      
Balance at January 1,...... $  353   $  378  $  400 
Amortization...............   (28)     (25)    (22) 
                             ------  ------  ------ 
Balance at December 31,.... $  325   $  353  $  378 
                             ======  ======  ====== 
Accumulated amortization... $  132   $  104  $   79 
                             ======  ======  ====== 

The estimated future amortization expense to be reported in other expenses  
for the next five years is as follows:                                          

                                                                [Download Table]

                                VOBA  VODA and VOCRA
                               ------ --------------
                                   (In millions)    
                                                    
2014.......................... $    9 $          30 
2015.......................... $    8 $          30 
2016.......................... $    4 $          30 
2017.......................... $    5 $          28 
2018.......................... $    5 $          26 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance                                                                  

The Company enters into reinsurance agreements primarily as a purchaser of  
reinsurance for its various insurance products and also as a provider of        
reinsurance for some insurance products issued by affiliated and unaffiliated   
companies. The Company participates in reinsurance activities in order to limit 
losses, minimize exposure to significant risks and provide additional capacity  
for future growth.                                                              

Accounting for reinsurance requires extensive use of assumptions and        
estimates, particularly related to the future performance of the underlying     
business and the potential impact of counterparty credit risks. The Company     
periodically reviews actual and anticipated experience compared to the          
aforementioned assumptions used to establish assets and liabilities relating to 
ceded and assumed reinsurance and evaluates the financial strength of           
counterparties to its reinsurance agreements using criteria similar to that     
evaluated in the security impairment process discussed in Note 8.               

Retail                                                                          

For its individual life insurance products, the Company has historically    
reinsured the mortality risk primarily on an excess of retention basis or on a  
quota share basis. The Company currently reinsures 90% of the mortality risk in 
excess of $2 million for most products and reinsures up to 90% of the mortality 
risk for certain other products. In addition to reinsuring mortality risk as    
described above, the Company reinsures other risks, as well as specific         
coverages. Placement of reinsurance is done primarily on an automatic basis and 
also on a facultative basis for risks with specified characteristics. On a case 
by case basis, the Company may retain up to $20 million per life and reinsure   
100% of amounts in excess of the amount the Company retains. The Company        
evaluates its reinsurance programs routinely and may increase or decrease its   
retention at any time.                                                          

The Company's Retail Annuities business assumes 90% of the fixed annuities  
issued by several affiliates. The Company also reinsures 100% of the living and 
death benefit guarantees issued in connection with its variable annuities       
issued since 2004 to an affiliated reinsurer and certain portions of the living 
and death benefit guarantees issued in connection with its variable annuities   
issued prior to 2004 to affiliated and unaffiliated reinsurers. Under these     
reinsurance agreements, the Company pays a reinsurance premium generally based  
on fees associated with the guarantees collected from policyholders, and        
receives reimbursement for benefits paid or accrued in excess of account        
values, subject to certain limitations. The value of the embedded derivatives   
on the ceded risk is determined using a methodology consistent with the         
guarantees directly written by the Company with the exception of the input for  
nonperformance risk that reflects the credit of the reinsurer.                  

Group, Voluntary & Worksite Benefits                                            

For policies within the Group, Voluntary & Worksite Benefits segment, the   
Company generally retains most of the risk and only cedes particular risk on    
certain client arrangements. The majority of the Company's reinsurance activity 
with this segment relates to client agreements for employer sponsored captive   
programs, risk-sharing agreements and multinational pooling.                    

Corporate Benefit Funding                                                       

The Company's Corporate Benefit Funding segment has periodically engaged in 
reinsurance activities, on an opportunistic basis. The impact of these          
activities on the financial results of this segment has not been significant    
and there were no additional transactions during the periods presented.         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Catastrophe Coverage                                                            

The Company has exposure to catastrophes which could contribute to          
significant fluctuations in the Company's results of operations. The Company    
uses excess of retention and quota share reinsurance agreements to provide      
greater diversification of risk and minimize exposure to larger risks.          

The Company reinsures its business through a diversified group of           
well-capitalized reinsurers. The Company analyzes recent trends in arbitration  
and litigation outcomes in disputes, if any, with its reinsurers. The Company   
monitors ratings and evaluates the financial strength of its reinsurers by      
analyzing their financial statements. In addition, the reinsurance recoverable  
balance due from each reinsurer is evaluated as part of the overall monitoring  
process. Recoverability of reinsurance recoverable balances is evaluated based  
on these analyses. The Company generally secures large reinsurance recoverable  
balances with various forms of collateral, including secured trusts, funds      
withheld accounts and irrevocable letters of credit. These reinsurance          
recoverable balances are stated net of allowances for uncollectible             
reinsurance, which at December 31, 2013 and 2012, were not significant.         

 The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts, funds withheld accounts and      
irrevocable letters of credit. The Company had $2.4 billion of unsecured        
reinsurance recoverable balances at both December 31, 2013 and 2012.            

At December 31, 2013, the Company had $5.4 billion of net unaffiliated ceded
reinsurance recoverables. Of this total, $4.4 billion, or 82%, were with the    
Company's five largest unaffiliated ceded reinsurers, including $1.8 billion of 
net unaffiliated ceded reinsurance recoverables which were unsecured. At        
December 31, 2012, the Company had $5.4 billion of net unaffiliated ceded       
reinsurance recoverables. Of this total, $4.4 billion, or 82%, were with the    
Company's five largest unaffiliated ceded reinsurers, including $1.8 billion of 
net unaffiliated ceded reinsurance recoverables which were unsecured.           

The Company has reinsured with an unaffiliated third-party reinsurer, 59.25%
of the closed block through a modified coinsurance agreement. The Company       
accounts for this agreement under the deposit method of accounting. The         
Company, having the right of offset, has offset the modified coinsurance        
deposit with the deposit recoverable.                                           

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

The amounts in the consolidated statements of operations include the impact 
of reinsurance. Information regarding the significant effects of reinsurance    
was as follows:                                                                 

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,   
                                                                -----------------------------
                                                                  2013      2012      2011   
                                                                --------- --------- ---------
                                                                        (In millions)        
                                                                                             
Premiums                                                                                     
 Direct premiums............................................... $  20,290 $  19,821 $  18,435
 Reinsurance assumed...........................................     1,469     1,350     1,240
 Reinsurance ceded.............................................   (1,284)   (1,291)   (1,387)
                                                                --------- --------- ---------
   Net premiums................................................ $  20,475 $  19,880 $  18,288
                                                                ========= ========= =========
Universal life and investment-type product policy fees                                       
 Direct universal life and investment-type product policy fees. $   2,913 $   2,763 $   2,686
 Reinsurance assumed...........................................        41        39        38
 Reinsurance ceded.............................................     (591)     (563)     (522)
                                                                --------- --------- ---------
   Net universal life and investment-type product policy fees.. $   2,363 $   2,239 $   2,202
                                                                ========= ========= =========
Other revenues                                                                               
 Direct other revenues......................................... $     970 $     887 $     836
 Reinsurance assumed...........................................       (2)       (6)       (6)
 Reinsurance ceded.............................................       731       849       978
                                                                --------- --------- ---------
   Net other revenues.......................................... $   1,699 $   1,730 $   1,808
                                                                ========= ========= =========
Policyholder benefits and claims                                                             
 Direct policyholder benefits and claims....................... $  23,305 $  22,677 $  21,100
 Reinsurance assumed...........................................     1,225     1,208     1,069
 Reinsurance ceded.............................................   (1,498)   (1,616)   (1,488)
                                                                --------- --------- ---------
   Net policyholder benefits and claims........................ $  23,032 $  22,269 $  20,681
                                                                ========= ========= =========
Interest credited to policyholder account balances                                           
 Direct interest credited to policyholder account balances..... $   2,322 $   2,455 $   2,434
 Reinsurance assumed...........................................        35        33        32
 Reinsurance ceded.............................................     (104)      (98)      (94)
                                                                --------- --------- ---------
   Net interest credited to policyholder account balances...... $   2,253 $   2,390 $   2,372
                                                                ========= ========= =========
Other expenses                                                                               
 Direct other expenses......................................... $   5,028 $   5,328 $   5,280
 Reinsurance assumed...........................................       427       479       458
 Reinsurance ceded.............................................       533       587       733
                                                                --------- --------- ---------
   Net other expenses.......................................... $   5,988 $   6,394 $   6,471
                                                                ========= ========= =========

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

The amounts in the consolidated balance sheets include the impact of        
reinsurance. Information regarding the significant effects of reinsurance was   
as follows at:                                                                  

                                                        [Enlarge/Download Table]

                                                                     December 31,                                   
                                   ---------------------------------------------------------------------------------
                                                     2013                                     2012                  
                                   ---------------------------------------- ----------------------------------------
                                                                   Total                                    Total   
                                                                  Balance                                  Balance  
                                     Direct   Assumed    Ceded     Sheet      Direct   Assumed    Ceded     Sheet   
                                   ---------- -------- --------- ---------- ---------- -------- --------- ----------
                                                                     (In millions)                                  
                                                                                                                    
Assets                                                                                                              
Premiums, reinsurance and other                                                                                     
 receivables...................... $    1,700 $    527 $  21,410 $   23,637 $    1,613 $    480 $  22,628 $   24,721
Deferred policy acquisition costs                                                                                   
 and value of business acquired...      6,567      330     (481)      6,416      5,685      460     (313)      5,832
                                   ---------- -------- --------- ---------- ---------- -------- --------- ----------
  Total assets.................... $    8,267 $    857 $  20,929 $   30,053 $    7,298 $    940 $  22,315 $   30,553
                                   ========== ======== ========= ========== ========== ======== ========= ==========
Liabilities                                                                                                         
Future policy benefits............ $  110,072 $  1,891 $      -- $  111,963 $  112,264 $  1,722 $      -- $  113,986
Policyholder account balances.....     92,246      252        --     92,498     94,454      262        --     94,716
Other policy-related balances.....      5,416      294      (39)      5,671      5,401      291      (29)      5,663
Other liabilities.................      8,690    7,046    16,444     32,180      9,544    7,327    17,070     33,941
                                   ---------- -------- --------- ---------- ---------- -------- --------- ----------
  Total liabilities............... $  216,424 $  9,483 $  16,405 $  242,312 $  221,663 $  9,602 $  17,041 $  248,306
                                   ========== ======== ========= ========== ========== ======== ========= ==========

Reinsurance agreements that do not expose the Company to a reasonable       
possibility of a significant loss from insurance risk are recorded using the    
deposit method of accounting. The deposit assets on reinsurance were $13.8      
billion and $13.9 billion at December 31, 2013 and 2012, respectively. The      
deposit liabilities on reinsurance were $6.5 billion and $6.9 billion at        
December 31, 2013 and 2012, respectively.                                       

Related Party Reinsurance Transactions                                          

The Company has reinsurance agreements with certain of MetLife, Inc.'s      
subsidiaries, including Exeter Reassurance Company, Ltd. ("Exeter"), First      
MetLife Investors Insurance Company, MetLife Insurance Company of Connecticut   
("MICC"), MetLife Investors USA Insurance Company ("MLI-USA"), MetLife          
Investors Insurance Company ("MLIIC"), MetLife Reinsurance Company of           
Charleston ("MRC"), MetLife Reinsurance Company of Vermont and Metropolitan     
Tower Life Insurance Company, all of which are related parties.                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Information regarding the significant effects of affiliated reinsurance     
included in the consolidated statements of operations was as follows:           

                                                        [Enlarge/Download Table]

                                                               Years Ended December 31,
                                                               ------------------------
                                                                2013    2012     2011  
                                                               ------ -------- --------
                                                                    (In millions)      
                                                                                       
Premiums                                                                               
 Reinsurance assumed.......................................... $  451 $    319 $    169
 Reinsurance ceded............................................   (45)     (54)     (51)
                                                               ------ -------- --------
   Net premiums............................................... $  406 $    265 $    118
                                                               ====== ======== ========
Universal life and investment-type product policy fees                                 
 Reinsurance assumed.......................................... $   40 $     39 $     38
 Reinsurance ceded............................................  (221)    (216)    (170)
                                                               ------ -------- --------
   Net universal life and investment-type product policy fees. $(181) $  (177) $  (132)
                                                               ====== ======== ========
Other revenues                                                                         
 Reinsurance assumed.......................................... $  (2) $    (6) $    (7)
 Reinsurance ceded............................................    675      790      916
                                                               ------ -------- --------
   Net other revenues......................................... $  673 $    784 $    909
                                                               ====== ======== ========
Policyholder benefits and claims                                                       
 Reinsurance assumed.......................................... $  402 $    334 $    175
 Reinsurance ceded............................................  (144)    (177)    (121)
                                                               ------ -------- --------
   Net policyholder benefits and claims....................... $  258 $    157 $     54
                                                               ====== ======== ========
Interest credited to policyholder account balances                                     
 Reinsurance assumed.......................................... $   31 $     30 $     28
 Reinsurance ceded............................................  (102)     (98)     (94)
                                                               ------ -------- --------
   Net interest credited to policyholder account balances..... $ (71) $   (68) $   (66)
                                                               ====== ======== ========
Other expenses                                                                         
 Reinsurance assumed.......................................... $  326 $    357 $    352
 Reinsurance ceded............................................    653      789      914
                                                               ------ -------- --------
   Net other expenses......................................... $  979 $  1,146 $  1,266
                                                               ====== ======== ========

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

Information regarding the significant effects of affiliated reinsurance     
included in the consolidated balance sheets was as follows at:                  

                                                        [Enlarge/Download Table]

                                                                     December 31,             
                                                         -------------------------------------
                                                                2013               2012       
                                                         ------------------ ------------------
                                                         Assumed    Ceded   Assumed    Ceded  
                                                         -------- --------- -------- ---------
                                                                     (In millions)            
                                                                                              
Assets                                                                                        
Premiums, reinsurance and other receivables (1)......... $    109 $  15,748 $     85 $  16,925
Deferred policy acquisition costs and value of business                                       
  acquired..............................................      309     (273)      435     (266)
                                                         -------- --------- -------- ---------
 Total assets........................................... $    418 $  15,475 $    520 $  16,659
                                                         ======== ========= ======== =========
Liabilities                                                                                   
Future policy benefits.................................. $    761 $      -- $    567 $      --
Policyholder account balances...........................      239        --      251        --
Other policy-related balances...........................       67      (39)       57      (29)
Other liabilities (1)...................................    6,606    14,044    6,906    14,652
                                                         -------- --------- -------- ---------
 Total liabilities...................................... $  7,673 $  14,005 $  7,781 $  14,623
                                                         ======== ========= ======== =========

--------                                                                        

(1)Effective in June 2012, the Company recaptured 10% of the 40.75% of the      
 closed block liabilities that were ceded to MRC on a coinsurance with funds
withheld basis. In connection with this partial recapture, the Company    
recognized a decrease of $3.9 billion in the deposit receivable included  
  within premiums, reinsurance and other receivables, as well as an offsetting
decrease of $3.9 billion in the funds withheld included within other      
liabilities at December 31, 2012.                                         

 MLIC ceded two blocks of business to two affiliates on a 75% coinsurance with
funds withheld basis. Certain contractual features of these agreements qualify  
as embedded derivatives, which are separately accounted for at estimated fair   
value on the Company's consolidated balance sheets. The embedded derivatives    
related to the funds withheld associated with these reinsurance agreements are  
included within other liabilities and increased/(decreased) the funds withheld  
balance by ($11) million and $29 million at December 31, 2013 and 2012,         
respectively. Net derivative gains (losses) associated with these embedded      
derivatives were $40 million, ($9) million and ($29) million for the years      
ended December 31, 2013, 2012 and 2011, respectively.                           

 The Company ceded risks to an affiliate related to guaranteed minimum benefit
guarantees written directly by the Company. These ceded reinsurance agreements  
contain embedded derivatives and changes in their fair value are included       
within net derivative gains (losses). The embedded derivatives associated with  
the cessions are included within premiums, reinsurance and other receivables    
and were ($62) million and $1.4 billion at December 31, 2013 and 2012,          
respectively. Net derivative gains (losses) associated with the embedded        
derivatives were ($1.7) billion, $14 million and $727 million for the years     
ended December 31, 2013, 2012 and 2011, respectively.                           

 Certain contractual features of the closed block agreement with MRC create an
embedded derivative, which is separately accounted for at estimated fair value  
on the Company's consolidated balance sheets. The embedded derivative related   
to the funds withheld associated with this reinsurance agreement was included   
within other liabilities and increased the funds withheld balance by $709       
million and $1.4 billion at December 31, 2013 and                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

6. Reinsurance (continued)                                                      

2012, respectively. Net derivative gains (losses) associated with the embedded  
derivative were $664 million, $135 million and ($811) million for the years     
ended December 31, 2013, 2012 and 2011, respectively.                           

 The Company has secured certain reinsurance recoverable balances with various
forms of collateral, including secured trusts, funds withheld accounts and      
irrevocable letters of credit. The Company had $1.2 billion and $2.1 billion of 
unsecured affiliated reinsurance recoverable balances at December 31, 2013 and  
2012, respectively.                                                             

Affiliated reinsurance agreements that do not expose the Company to a       
reasonable possibility of a significant loss from insurance risk are recorded   
using the deposit method of accounting. The deposit assets on affiliated        
reinsurance were $11.8 billion at both December 31, 2013 and 2012. The deposit  
liabilities on affiliated reinsurance were $6.5 billion and $6.8 billion at     
December 31, 2013 and 2012, respectively.                                       

7. Closed Block                                                                 

On April 7, 2000 (the "Demutualization Date"), Metropolitan Life Insurance  
Company converted from a mutual life insurance company to a stock life          
insurance company and became a wholly-owned subsidiary of MetLife, Inc. The     
conversion was pursuant to an order by the New York Superintendent of Insurance 
approving Metropolitan Life Insurance Company's plan of reorganization, as      
amended (the "Plan"). On the Demutualization Date, Metropolitan Life Insurance  
Company established a closed block for the benefit of holders of certain        
individual life insurance policies of Metropolitan Life Insurance Company.      
Assets have been allocated to the closed block in an amount that has been       
determined to produce cash flows which, together with anticipated revenues from 
the policies included in the closed block, are reasonably expected to be        
sufficient to support obligations and liabilities relating to these policies,   
including, but not limited to, provisions for the payment of claims and certain 
expenses and taxes, and to provide for the continuation of policyholder         
dividend scales in effect for 1999, if the experience underlying such dividend  
scales continues, and for appropriate adjustments in such scales if the         
experience changes. At least annually, the Company compares actual and          
projected experience against the experience assumed in the then-current         
dividend scales. Dividend scales are adjusted periodically to give effect to    
changes in experience.                                                          

The closed block assets, the cash flows generated by the closed block assets
and the anticipated revenues from the policies in the closed block will benefit 
only the holders of the policies in the closed block. To the extent that, over  
time, cash flows from the assets allocated to the closed block and claims and   
other experience related to the closed block are, in the aggregate, more or     
less favorable than what was assumed when the closed block was established,     
total dividends paid to closed block policyholders in the future may be greater 
than or less than the total dividends that would have been paid to these        
policyholders if the policyholder dividend scales in effect for 1999 had been   
continued. Any cash flows in excess of amounts assumed will be available for    
distribution over time to closed block policyholders and will not be available  
to stockholders. If the closed block has insufficient funds to make guaranteed  
policy benefit payments, such payments will be made from assets outside of the  
closed block. The closed block will continue in effect as long as any policy in 
the closed block remains in-force. The expected life of the closed block is     
over 100 years.                                                                 

The Company uses the same accounting principles to account for the          
participating policies included in the closed block as it used prior to the     
Demutualization Date. However, the Company establishes a policyholder dividend  
obligation for earnings that will be paid to policyholders as additional        
dividends as described below. The excess of closed block liabilities over       
closed block assets at the Demutualization Date (adjusted to eliminate          

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Closed Block (continued)                                                     

the impact of related amounts in AOCI) represents the estimated maximum future  
earnings from the closed block expected to result from operations attributed to 
the closed block after income taxes. Earnings of the closed block are           
recognized in income over the period the policies and contracts in the closed   
block remain in-force. Management believes that over time the actual cumulative 
earnings of the closed block will approximately equal the expected cumulative   
earnings due to the effect of dividend changes. If, over the period the closed  
block remains in existence, the actual cumulative earnings of the closed block  
are greater than the expected cumulative earnings of the closed block, the      
Company will pay the excess of the actual cumulative earnings of the closed     
block over the expected cumulative earnings to closed block policyholders as    
additional policyholder dividends unless offset by future unfavorable           
experience of the closed block and, accordingly, will recognize only the        
expected cumulative earnings in income with the excess recorded as a            
policyholder dividend obligation. If over such period, the actual cumulative    
earnings of the closed block are less than the expected cumulative earnings of  
the closed block, the Company will recognize only the actual earnings in        
income. However, the Company may change policyholder dividend scales in the     
future, which would be intended to increase future actual earnings until the    
actual cumulative earnings equal the expected cumulative earnings.              

Experience within the closed block, in particular mortality and investment  
yields, as well as realized and unrealized gains and losses, directly impact    
the policyholder dividend obligation. Amortization of the closed block DAC,     
which resides outside of the closed block, is based upon cumulative actual and  
expected earnings within the closed block. Accordingly, the Company's net       
income continues to be sensitive to the actual performance of the closed block. 

Closed block assets, liabilities, revenues and expenses are combined on a   
line-by-line basis with the assets, liabilities, revenues and expenses outside  
the closed block based on the nature of the particular item.                    

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Notes to the Consolidated Financial Statements -- (Continued) 

7. Closed Block (continued)                                                     

Information regarding the closed block liabilities and assets designated to 
the closed block was as follows at:                                             

                                                        [Enlarge/Download Table]

                                                                                      December 31,    
                                                                                   -------------------
                                                                                     2013      2012   
                                                                                   --------- ---------
                                                                                      (In millions)   
                                                                                                      
Closed Block Liabilities                                                                              
Future policy benefits............................................................ $  42,076 $  42,586
Other policy-related balances.....................................................       298       298
Policyholder dividends payable....................................................       456       466
Policyholder dividend obligation..................................................     1,771     3,828
Current income tax payable........................................................        18        --
Other liabilities.................................................................       582       602
                                                                                   --------- ---------
   Total closed block liabilities.................................................    45,201    47,780
                                                                                   --------- ---------
Assets Designated to the Closed Block                                                                 
Investments:                                                                                          
 Fixed maturity securities available-for-sale, at estimated fair value............    28,374    30,546
 Equity securities available-for-sale, at estimated fair value....................        86        41
 Mortgage loans...................................................................     6,155     6,192
 Policy loans.....................................................................     4,669     4,670
 Real estate and real estate joint ventures.......................................       492       459
 Other invested assets............................................................       814       953
                                                                                   --------- ---------
   Total investments..............................................................    40,590    42,861
Cash and cash equivalents.........................................................       238       381
Accrued investment income.........................................................       477       481
Premiums, reinsurance and other receivables.......................................        98       107
Current income tax recoverable....................................................        --         2
Deferred income tax assets........................................................       293       319
                                                                                   --------- ---------
   Total assets designated to the closed block....................................    41,696    44,151
                                                                                   --------- ---------
Excess of closed block liabilities over assets designated to the closed block.....     3,505     3,629
                                                                                   --------- ---------
Amounts included in AOCI:                                                                             
 Unrealized investment gains (losses), net of income tax..........................     1,502     2,891
 Unrealized gains (losses) on derivatives, net of income tax......................       (3)         9
 Allocated to policyholder dividend obligation, net of income tax.................   (1,151)   (2,488)
                                                                                   --------- ---------
   Total amounts included in AOCI.................................................       348       412
                                                                                   --------- ---------
Maximum future earnings to be recognized from closed block assets and liabilities. $   3,853 $   4,041
                                                                                   ========= =========

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

7. Closed Block (continued)                                                     

Information regarding the closed block policyholder dividend obligation was 
as follows:                                                                     

                                                        [Enlarge/Download Table]

                                                                                      Years Ended December 31,     
                                                                                 ----------------------------------
                                                                                     2013        2012       2011   
                                                                                 ------------ ---------- ----------
                                                                                           (In millions)           
                                                                                                                   
Balance at January 1,........................................................... $      3,828 $    2,919 $      876
Change in unrealized investment and derivative gains (losses)...................      (2,057)        909      2,043
                                                                                 ------------ ---------- ----------
Balance at December 31,......................................................... $      1,771 $    3,828 $    2,919
                                                                                 ============ ========== ==========

Information regarding the closed block revenues and expenses was as follows:

                                                        [Enlarge/Download Table]

                                                                           Years Ended December 31, 
                                                                          --------------------------
                                                                            2013     2012     2011  
                                                                          -------- -------- --------
                                                                                (In millions)       
                                                                                                    
Revenues                                                                                            
Premiums................................................................. $  1,987 $  2,139 $  2,306
Net investment income....................................................    2,130    2,188    2,231
Net investment gains (losses)............................................       25       61       32
Net derivative gains (losses)............................................      (6)     (12)        8
                                                                          -------- -------- --------
   Total revenues........................................................    4,136    4,376    4,577
                                                                          -------- -------- --------
Expenses                                                                                            
Policyholder benefits and claims.........................................    2,702    2,783    2,991
Policyholder dividends...................................................      979    1,072    1,137
Other expenses...........................................................      165      179      193
                                                                          -------- -------- --------
   Total expenses........................................................    3,846    4,034    4,321
                                                                          -------- -------- --------
Revenues, net of expenses before provision for income tax expense                                   
  (benefit)..............................................................      290      342      256
Provision for income tax expense (benefit)...............................      101      120       89
                                                                          -------- -------- --------
Revenues, net of expenses and provision for income tax expense (benefit)                            
  from continuing operations.............................................      189      222      167
Revenues, net of expenses and provision for income tax expense (benefit)                            
  from discontinued operations...........................................       --       10        1
                                                                          -------- -------- --------
Revenues, net of expenses and provision for income tax expense                                      
  (benefit).............................................................. $    189 $    232 $    168
                                                                          ======== ======== ========

Metropolitan Life Insurance Company charges the closed block with federal   
income taxes, state and local premium taxes and other additive state or local   
taxes, as well as investment management expenses relating to the closed block   
as provided in the Plan. Metropolitan Life Insurance Company also charges the   
closed block for expenses of maintaining the policies included in the closed    
block.                                                                          

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments                                                                  

See Note 10 for information about the fair value hierarchy for investments  
and the related valuation methodologies.                                        

Investment Risks and Uncertainties                                              

Investments are exposed to the following primary sources of risk: credit,   
interest rate, liquidity, market valuation, currency and real estate risk. The  
financial statement risks, stemming from such investment risks, are those       
associated with the determination of estimated fair values, the diminished      
ability to sell certain investments in times of strained market conditions, the 
recognition of impairments, the recognition of income on certain investments    
and the potential consolidation of VIEs. The use of different methodologies,    
assumptions and inputs relating to these financial statement risks may have a   
material effect on the amounts presented within the consolidated financial      
statements.                                                                     

The determination of valuation allowances and impairments is highly         
subjective and is based upon periodic evaluations and assessments of known and  
inherent risks associated with the respective asset class. Such evaluations and 
assessments are revised as conditions change and new information becomes        
available.                                                                      

 The recognition of income on certain investments (e.g. structured securities,
including mortgage-backed securities, asset-backed securities ("ABS"), certain  
structured investment transactions and trading and FVO securities) is dependent 
upon certain factors such as prepayments and defaults, and changes in such      
factors could result in changes in amounts to be earned.                        

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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Fixed Maturity and Equity Securities AFS                                        

Fixed Maturity and Equity Securities AFS by Sector                            

  The following table presents the fixed maturity and equity securities AFS by
sector. Redeemable preferred stock is reported within U.S. corporate and      
foreign corporate fixed maturity securities and non-redeemable preferred stock
is reported within equity securities. Included within fixed maturity          
securities are structured securities including RMBS, commercial               
mortgage-backed securities ("CMBS") and ABS.                                  

                                                        [Enlarge/Download Table]

                                         December 31, 2013                             December 31, 2012              
                           --------------------------------------------- ---------------------------------------------
                                         Gross Unrealized                              Gross Unrealized               
                            Cost or  ------------------------- Estimated  Cost or  ------------------------- Estimated
                           Amortized          Temporary  OTTI    Fair    Amortized          Temporary  OTTI    Fair   
                             Cost     Gains    Losses   Losses   Value     Cost     Gains    Losses   Losses   Value  
                           --------- -------- --------- ------ --------- --------- -------- --------- ------ ---------
                                                                  (In millions)                                       
                                                                                                                      
Fixed maturity securities                                                                                             
U.S. corporate............ $ 60,244  $  4,678  $   693   $ --  $  64,229 $  59,587 $  7,717   $ 304   $   -- $  67,000
U.S. Treasury and agency..   29,508     1,730      694     --     30,544    28,252    4,408       9       --    32,651
Foreign corporate (1).....   27,082     1,959      285     --     28,756    27,231    3,128     126      (1)    30,234
RMBS......................   24,119     1,109      368    150     24,710    23,792    1,716     226      257    25,025
CMBS......................    8,203       262       89     --      8,376     9,264      559      37       --     9,786
ABS (1)...................    7,789       151      117    (1)      7,824     8,025      205     105       --     8,125
State and political                                                                                                   
 subdivision..............    5,386       467       76     --      5,777     5,554    1,184      18       --     6,720
Foreign government........    3,040       597      107     --      3,530     3,052    1,086       3       --     4,135
                           --------  --------  -------   ----  --------- --------- --------   -----   ------ ---------
 Total fixed maturity                                                                                                 
  securities.............. $165,371  $ 10,953  $ 2,429   $149  $ 173,746 $ 164,757 $ 20,003   $ 828   $  256 $ 183,676
                           ========  ========  =======   ====  ========= ========= ========   =====   ====== =========
Equity securities                                                                                                     
Common stock.............. $  1,070  $     97  $     3   $ --  $   1,164 $   1,013 $     33   $   5   $   -- $   1,041
Non-redeemable preferred                                                                                              
 stock....................      743        62       77     --        728       528       41     111       --       458
                           --------  --------  -------   ----  --------- --------- --------   -----   ------ ---------
 Total equity securities.. $  1,813  $    159  $    80   $ --  $   1,892 $   1,541 $     74   $ 116   $   -- $   1,499
                           ========  ========  =======   ====  ========= ========= ========   =====   ====== =========

--------                                                                        

(1)The noncredit loss component of OTTI losses was in an unrealized gain        
position of $1 million for ABS at December 31, 2013, and $1 million for   
foreign corporate securities at December 31, 2012, due to increases in    
estimated fair value subsequent to initial recognition of noncredit losses
on such securities. See also "--Net Unrealized Investment Gains (Losses)."

The Company held non-income producing fixed maturity securities with an   
estimated fair value of $38 million and $41 million with unrealized gains     
(losses) of $12 million and $6 million at December 31, 2013 and 2012,         
respectively.                                                                 

Methodology for Amortization of Premium and Accretion of Discount on          
Structured Securities                                                           

Amortization of premium and accretion of discount on structured securities
considers the estimated timing and amount of prepayments of the underlying    
loans. Actual prepayment experience is periodically reviewed and effective    
yields are recalculated when differences arise between the originally         
anticipated and the actual                                                    

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

prepayments received and currently anticipated. Prepayment assumptions for    
single class and multi-class mortgage-backed and ABS are estimated using      
inputs obtained from third-party specialists and based on management's        
knowledge of the current market. For credit-sensitive mortgage-backed and ABS 
and certain prepayment-sensitive securities, the effective yield is           
recalculated on a prospective basis. For all other mortgage-backed and ABS,   
the effective yield is recalculated on a retrospective basis.                 

Maturities of Fixed Maturity Securities                                       

  The amortized cost and estimated fair value of fixed maturity securities, by
contractual maturity date, were as follows at:                                

                                                        [Enlarge/Download Table]

                                                                  December 31,                
                                                   -------------------------------------------
                                                           2013                  2012         
                                                   --------------------- ---------------------
                                                              Estimated             Estimated 
                                                   Amortized    Fair     Amortized    Fair    
                                                     Cost       Value      Cost       Value   
                                                   ---------- ---------- ---------- ----------
                                                                  (In millions)               
                                                                                              
Due in one year or less........................... $    6,411 $    6,516 $   12,671 $   12,796
Due after one year through five years.............     34,696     36,556     30,187     32,160
Due after five years through ten years............     35,725     38,347     34,983     40,009
Due after ten years...............................     48,428     51,417     45,835     55,775
                                                   ---------- ---------- ---------- ----------
  Subtotal........................................    125,260    132,836    123,676    140,740
Structured securities (RMBS, CMBS and ABS)........     40,111     40,910     41,081     42,936
                                                   ---------- ---------- ---------- ----------
  Total fixed maturity securities................. $  165,371 $  173,746 $  164,757 $  183,676
                                                   ========== ========== ========== ==========

  Actual maturities may differ from contractual maturities due to the exercise
of call or prepayment options. Fixed maturity securities not due at a single  
maturity date have been presented in the year of final contractual maturity.  
RMBS, CMBS and ABS are shown separately, as they are not due at a single      
maturity.                                                                     

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Continuous Gross Unrealized Losses for Fixed Maturity and Equity Securities   
AFS by Sector                                                                   

The following table presents the estimated fair value and gross unrealized
losses of fixed maturity and equity securities AFS in an unrealized loss      
position, aggregated by sector and by length of time that the securities have 
been in a continuous unrealized loss position.                                

                                                        [Enlarge/Download Table]

                                              December 31, 2013                         December 31, 2012            
                                  ----------------------------------------- -----------------------------------------
                                                       Equal to or Greater                       Equal to or Greater 
                                  Less than 12 Months     than 12 Months    Less than 12 Months     than 12 Months   
                                  -------------------- -------------------- -------------------- --------------------
                                  Estimated   Gross    Estimated   Gross    Estimated   Gross    Estimated   Gross   
                                    Fair    Unrealized   Fair    Unrealized   Fair    Unrealized   Fair    Unrealized
                                    Value     Losses     Value     Losses     Value     Losses     Value     Losses  
                                  --------- ---------- --------- ---------- --------- ---------- --------- ----------
                                                      (In millions, except number of securities)                     
                                                                                                                     
Fixed maturity securities                                                                                            
U.S. corporate................... $   8,512  $    426  $  1,948    $  267   $  2,567     $ 58    $  2,507    $  246  
U.S. Treasury and agency.........    10,077       687        33         7      1,576        9          --        --  
Foreign corporate................     4,217       176       952       109        758       34       1,381        91  
RMBS.............................     8,194       291     1,675       227        639       18       3,098       465  
CMBS.............................     2,022        74       221        15        727        5         308        32  
ABS..............................     1,701        28       530        88      1,246       22         697        83  
State and political                                                                                                  
 subdivision.....................       737        44        92        32         92        1         103        17  
Foreign government...............       763        94        54        13        106        1          27         2  
                                  ---------  --------  --------    ------   --------     ----    --------    ------  
  Total fixed maturity                                                                                               
   securities.................... $  36,223  $  1,820  $  5,505    $  758   $  7,711     $148    $  8,121    $  936  
                                  =========  ========  ========    ======   ========     ====    ========    ======  
Equity securities                                                                                                    
Common stock..................... $      37  $      3  $     --    $   --   $     62     $  5    $      1    $   --  
Non-redeemable preferred                                                                                             
 stock...........................       222        41       125        36         --       --         190       111  
                                  ---------  --------  --------    ------   --------     ----    --------    ------  
  Total equity securities........ $     259  $     44  $    125    $   36   $     62     $  5    $    191    $  111  
                                  ---------  --------  --------    ------   --------     ----    --------    ------  
Total number of securities in an                                                                                     
 unrealized loss position........     2,211                 469                  622                  637            
                                  =========            ========             ========             ========            

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Evaluation of AFS Securities for OTTI and Evaluating Temporarily Impaired AFS 
Securities                                                                      

Evaluation and Measurement Methodologies                                    

  Management considers a wide range of factors about the security issuer and
uses its best judgment in evaluating the cause of the decline in the        
estimated fair value of the security and in assessing the prospects for     
near-term recovery. Inherent in management's evaluation of the security are 
assumptions and estimates about the operations of the issuer and its future 
earnings potential. Considerations used in the impairment evaluation process
include, but are not limited to: (i) the length of time and the extent to   
which the estimated fair value has been below cost or amortized cost;       
(ii) the potential for impairments when the issuer is experiencing          
 significant financial difficulties; (iii) the potential for impairments in an
entire industry sector or sub-sector; (iv) the potential for impairments in 
certain economically depressed geographic locations; (v) the potential for  
impairments where the issuer, series of issuers or industry has suffered a  
catastrophic loss or has exhausted natural resources; (vi) with respect to  
 fixed maturity securities, whether the Company has the intent to sell or will
more likely than not be required to sell a particular security before the   
decline in estimated fair value below amortized cost recovers; (vii) with   
respect to structured securities, changes in forecasted cash flows after    
 considering the quality of underlying collateral, expected prepayment speeds,
current and forecasted loss severity, consideration of the payment terms of 
 the underlying assets backing a particular security, and the payment priority
within the tranche structure of the security; and (viii) other subjective   
factors, including concentrations and information obtained from regulators  
and rating agencies.                                                        

The methodology and significant inputs used to determine the amount of  
credit loss on fixed maturity securities are as follows:                    

  .  The Company calculates the recovery value by performing a discounted cash
flow analysis based on the present value of future cash flows. The  
  discount rate is generally the effective interest rate of the security
prior to impairment.                                                

.  When determining collectability and the period over which value is     
   expected to recover, the Company applies considerations utilized in its
overall impairment evaluation process which incorporates information
regarding the specific security, fundamentals of the industry and   
geographic area in which the security issuer operates, and overall  
     macroeconomic conditions. Projected future cash flows are estimated using
assumptions derived from management's best estimates of likely      
scenario-based outcomes after giving consideration to a variety of  
variables that include, but are not limited to: payment terms of the
 security; the likelihood that the issuer can service the interest and
  principal payments; the quality and amount of any credit enhancements;
the security's position within the capital structure of the issuer; 
possible corporate restructurings or asset sales by the issuer; and 
   changes to the rating of the security or the issuer by rating agencies.

.  Additional considerations are made when assessing the unique features  
  that apply to certain structured securities including, but not limited
 to: the quality of underlying collateral, expected prepayment speeds,
    current and forecasted loss severity, consideration of the payment terms
    of the underlying loans or assets backing a particular security, and the
payment priority within the tranche structure of the security.      

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

.  When determining the amount of the credit loss for U.S. and foreign    
corporate securities, foreign government securities and state and   
    political subdivision securities, the estimated fair value is considered
the recovery value when available information does not indicate that
  another value is more appropriate. When information is identified that
  indicates a recovery value other than estimated fair value, management
    considers in the determination of recovery value the same considerations
     utilized in its overall impairment evaluation process as described above,
 as well as any private and public sector programs to restructure such
securities.                                                         

With respect to securities that have attributes of debt and equity      
 (perpetual hybrid securities), consideration is given in the OTTI analysis as
to whether there has been any deterioration in the credit of the issuer and 
the likelihood of recovery in value of the securities that are in a severe  
and extended unrealized loss position. Consideration is also given as to    
whether any perpetual hybrid securities, with an unrealized loss, regardless
of credit rating, have deferred any dividend payments. When an OTTI loss has
 occurred, the OTTI loss is the entire difference between the perpetual hybrid
security's cost and its estimated fair value with a corresponding charge to 
earnings.                                                                   

The cost or amortized cost of fixed maturity and equity securities is   
adjusted for OTTI in the period in which the determination is made. The     
Company does not change the revised cost basis for subsequent recoveries in 
value.                                                                      

In periods subsequent to the recognition of OTTI on a fixed maturity    
security, the Company accounts for the impaired security as if it had been  
purchased on the measurement date of the impairment. Accordingly, the       
discount (or reduced premium) based on the new cost basis is accreted over  
the remaining term of the fixed maturity security in a prospective manner   
based on the amount and timing of estimated future cash flows.              

Current Period Evaluation                                                   

Based on the Company's current evaluation of its AFS securities in an   
unrealized loss position in accordance with its impairment policy, and the  
Company's current intentions and assessments (as applicable to the type of  
security) about holding, selling and any requirements to sell these         
securities, the Company has concluded that these securities are not         
 other-than-temporarily impaired at December 31, 2013. Future OTTI will depend
primarily on economic fundamentals, issuer performance (including changes in
 the present value of future cash flows expected to be collected), and changes
in credit ratings, collateral valuation, interest rates and credit spreads. 
If economic fundamentals deteriorate or if there are adverse changes in the 
above factors, OTTI may be incurred in upcoming periods.                    

   Gross unrealized losses on fixed maturity securities increased $1.5 billion
during the year ended December 31, 2013 from $1.1 billion to $2.6 billion.  
 The increase in gross unrealized losses for the year ended December 31, 2013,
 was primarily attributable to an increase in interest rates, partially offset
by narrowing credit spreads.                                                

At December 31, 2013, $163 million of the total $2.6 billion of gross   
unrealized losses were from 60 fixed maturity securities with an unrealized 
loss position of 20% or more of amortized cost for six months or greater.   

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Investment Grade Fixed Maturity Securities                                  

   Of the $163 million of gross unrealized losses on fixed maturity securities
with an unrealized loss of 20% or more of amortized cost for six months or  
greater, $76 million, or 47%, are related to gross unrealized losses on 39  
investment grade fixed maturity securities. Unrealized losses on investment 
grade fixed maturity securities are principally related to widening credit  
spreads and, with respect to fixed-rate fixed maturity securities, rising   
interest rates since purchase.                                              

Below Investment Grade Fixed Maturity Securities                            

   Of the $163 million of gross unrealized losses on fixed maturity securities
with an unrealized loss of 20% or more of amortized cost for six months or  
greater, $87 million, or 53%, are related to gross unrealized losses on 21  
below investment grade fixed maturity securities. Unrealized losses on below
investment grade fixed maturity securities are principally related to       
non-agency RMBS (primarily alternative residential mortgage loans) and ABS  
(primarily foreign ABS) and are the result of significantly wider credit    
spreads resulting from higher risk premiums since purchase, largely due to  
 economic and market uncertainties including concerns over unemployment levels
and valuations of residential real estate supporting non-agency RMBS.       
Management evaluates non-agency RMBS and ABS based on actual and projected  
cash flows after considering the quality of underlying collateral, expected 
 prepayment speeds, current and forecasted loss severity, consideration of the
 payment terms of the underlying assets backing a particular security, and the
payment priority within the tranche structure of the security.              

Equity Securities                                                           

 Gross unrealized losses on equity securities decreased $36 million during
 the year ended December 31, 2013 from $116 million to $80 million. Of the $80
million, $33 million were from ten equity securities with gross unrealized  
losses of 20% or more of cost for 12 months or greater, all of which were   
financial services industry investment grade non-redeemable preferred stock,
of which 68% were rated A or better.                                        

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Mortgage Loans                                                                  

Mortgage Loans by Portfolio Segment                                           

Mortgage loans are summarized as follows at:                              

                                                        [Enlarge/Download Table]

                                                                    December 31,                
                                                     ------------------------------------------ 
                                                             2013                  2012         
                                                     --------------------  -------------------- 
                                                       Carrying     % of     Carrying     % of  
                                                         Value      Total      Value      Total 
                                                     ------------- ------  ------------- ------ 
                                                     (In millions)         (In millions)        
                                                                                                
Mortgage loans held-for-investment:                                                             
 Commercial.........................................   $  33,072    71.9 %   $  33,369    74.7 %
 Agricultural.......................................      11,025     24.0       11,487     25.7 
 Residential........................................       1,858      4.0          105      0.3 
                                                       ---------   ------    ---------   ------ 
   Subtotal (1).....................................      45,955     99.9       44,961    100.7 
 Valuation allowances...............................       (272)    (0.6)        (304)    (0.7) 
                                                       ---------   ------    ---------   ------ 
   Subtotal mortgage loans held-for-investment, net.      45,683     99.3       44,657    100.0 
 Residential -- FVO.................................         338      0.7           --       -- 
                                                       ---------   ------    ---------   ------ 
   Total mortgage loans held-for-investment, net....      46,021    100.0       44,657    100.0 
                                                       ---------   ------    ---------   ------ 
Mortgage loans held-for-sale........................           3       --           --       -- 
                                                       ---------   ------    ---------   ------ 
     Total mortgage loans, net......................   $  46,024   100.0 %   $  44,657   100.0 %
                                                       =========   ======    =========   ====== 

--------                                                                        

(1)In 2013, the Company purchased $319 million, $1 million and $1.8 billion of  
commercial, agricultural and residential mortgage loans, respectively. In 
2012, the Company purchased $1.2 billion, $191 million and $105 million of
commercial, agricultural and residential mortgage loans, respectively, of 
  which $1.2 billion, and $191 million of commercial and agricultural mortgage
loans, respectively, were purchased at estimated fair value from an       
affiliate, MetLife Bank, National Association ("MetLife Bank").           

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Mortgage Loans and Valuation Allowance by Portfolio Segment                   

The carrying value prior to valuation allowance ("recorded investment") in
mortgage loans held-for-investment, by portfolio segment, by method of        
evaluation of credit loss, and the related valuation allowances, by type of   
credit loss, were as follows at:                                              

                                                        [Enlarge/Download Table]

                                                                       December 31,                                        
                                -------------------------------------------------------------------------------------------
                                                    2013                                          2012                     
                                --------------------------------------------- ---------------------------------------------
                                Commercial Agricultural Residential   Total   Commercial Agricultural Residential   Total  
                                ---------- ------------ ----------- --------- ---------- ------------ ----------- ---------
                                                                       (In millions)                                       
                                                                                                                           
Mortgage loans:                                                                                                            
  Evaluated individually for                                                                                               
   credit losses............... $     415   $      96    $      4   $     515 $     441   $     181     $   --    $     622
  Evaluated collectively for                                                                                               
   credit losses...............    32,657      10,929       1,854      45,440    32,928      11,306        105       44,339
                                ---------   ---------    --------   --------- ---------   ---------     ------    ---------
   Total mortgage loans........    33,072      11,025       1,858      45,955    33,369      11,487        105       44,961
                                ---------   ---------    --------   --------- ---------   ---------     ------    ---------
Valuation allowances:..........                                                                                            
  Specific credit losses.......        49           7          --          56        84          21         --          105
  Non-specifically identified                                                                                              
   credit losses...............       164          33          19         216       172          27         --          199
                                ---------   ---------    --------   --------- ---------   ---------     ------    ---------
   Total valuation                                                                                                         
    allowances.................       213          40          19         272       256          48         --          304
                                ---------   ---------    --------   --------- ---------   ---------     ------    ---------
    Mortgage loans, net of                                                                                                 
     valuation                                                                                                             
     allowance................. $  32,859   $  10,985    $  1,839   $  45,683 $  33,113   $  11,439     $  105    $  44,657
                                =========   =========    ========   ========= =========   =========     ======    =========

Valuation Allowance Rollforward by Portfolio Segment                          

The changes in the valuation allowance, by portfolio segment, were as     
follows:                                                                      

                                                                [Download Table]

                                Commercial Agricultural  Residential  Total  
                                ---------- ------------- ----------- --------
                                           (In millions)                     
                                                                             
Balance at January 1, 2011.....  $    441     $    81      $    --   $    522
Provision (release)............     (111)         (2)           --      (113)
Charge-offs, net of recoveries.      (12)         (4)           --       (16)
                                 --------     -------      -------   --------
Balance at December 31, 2011...       318          75           --        393
Provision (release)............      (50)           2           --       (48)
Charge-offs, net of recoveries.      (12)        (24)           --       (36)
Transfers to held-for-sale.....        --         (5)           --        (5)
                                 --------     -------      -------   --------
Balance at December 31, 2012...       256          48           --        304
Provision (release)............      (43)           3           19       (21)
Charge-offs, net of recoveries.        --        (11)           --       (11)
                                 --------     -------      -------   --------
Balance at December 31, 2013...  $    213     $    40      $    19   $    272
                                 ========     =======      =======   ========

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Valuation Allowance Methodology                                             

Mortgage loans are considered to be impaired when it is probable that,  
based upon current information and events, the Company will be unable to    
collect all amounts due under the loan agreement. Specific valuation        
 allowances are established using the same methodology for all three portfolio
segments as the excess carrying value of a loan over either (i) the present 
value of expected future cash flows discounted at the loan's original       
effective interest rate, (ii) the estimated fair value of the loan's        
underlying collateral if the loan is in the process of foreclosure or       
otherwise collateral dependent, or (iii) the loan's observable market price.
 A common evaluation framework is used for establishing non-specific valuation
allowances for all loan portfolio segments; however, a separate non-specific
valuation allowance is calculated and maintained for each loan portfolio    
segment that is based on inputs unique to each loan portfolio segment.      
Non-specific valuation allowances are established for pools of loans with   
similar risk characteristics where a property-specific or market-specific   
risk has not been identified, but for which the Company expects to incur a  
credit loss. These evaluations are based upon several loan portfolio        
 segment-specific factors, including the Company's experience for loan losses,
 defaults and loss severity, and loss expectations for loans with similar risk
characteristics. These evaluations are revised as conditions change and new 
information becomes available.                                              

Commercial and Agricultural Mortgage Loan Portfolio Segments                

The Company typically uses several years of historical experience in    
establishing non-specific valuation allowances which captures multiple      
 economic cycles. For evaluations of commercial mortgage loans, in addition to
historical experience, management considers factors that include the impact 
of a rapid change to the economy, which may not be reflected in the loan    
portfolio, and recent loss and recovery trend experience as compared to     
historical loss and recovery experience. For evaluations of agricultural    
mortgage loans, in addition to historical experience, management considers  
factors that include increased stress in certain sectors, which may be      
evidenced by higher delinquency rates, or a change in the number of higher  
 risk loans. On a quarterly basis, management incorporates the impact of these
current market events and conditions on historical experience in determining
the non-specific valuation allowance established for commercial and         
agricultural mortgage loans.                                                

All commercial mortgage loans are reviewed on an ongoing basis which may
 include an analysis of the property financial statements and rent roll, lease
rollover analysis, property inspections, market analysis, estimated         
valuations of the underlying collateral, loan-to-value ratios, debt service 
 coverage ratios, and tenant creditworthiness. All agricultural mortgage loans
are monitored on an ongoing basis. The monitoring process focuses on higher 
risk loans, which include those that are classified as restructured,        
delinquent or in foreclosure, as well as loans with higher loan-to-value    
ratios and lower debt service coverage ratios. The monitoring process for   
agricultural mortgage loans is generally similar to the commercial mortgage 
 loan monitoring process, with a focus on higher risk loans, including reviews
on a geographic and property-type basis. Higher risk loans are reviewed     
individually on an ongoing basis for potential credit loss and specific     
valuation allowances are established using the methodology described above. 
Quarterly, the remaining loans are reviewed on a pool basis by aggregating  
groups of loans that have similar risk characteristics for potential credit 
loss, and non-specific valuation allowances are established as described    
above using inputs that are unique to each segment of the loan portfolio.   

  For commercial mortgage loans, the primary credit quality indicator is the
 debt service coverage ratio, which compares a property's net operating income
to amounts needed to service the principal and interest due                 

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

under the loan. Generally, the lower the debt service coverage ratio, the   
higher the risk of experiencing a credit loss. The Company also reviews the 
loan-to-value ratio of its commercial mortgage loan portfolio. Loan-to-value
 ratios compare the unpaid principal balance of the loan to the estimated fair
value of the underlying collateral. Generally, the higher the loan-to-value 
ratio, the higher the risk of experiencing a credit loss. The debt service  
coverage ratio and loan-to-value ratio, as well as the values utilized in   
calculating these ratios, are updated annually, on a rolling basis, with a  
portion of the loan portfolio updated each quarter.                         

For agricultural mortgage loans, the Company's primary credit quality   
 indicator is the loan-to-value ratio. The values utilized in calculating this
 ratio are developed in connection with the ongoing review of the agricultural
mortgage loan portfolio and are routinely updated.                          

Residential Mortgage Loan Portfolio Segment                                 

   The Company's residential mortgage loan portfolio is comprised primarily of
closed end, amortizing residential mortgage loans. For evaluations of       
 residential mortgage loans, the key inputs of expected frequency and expected
loss reflect current market conditions, with expected frequency adjusted,   
when appropriate, for differences from market conditions and the Company's  
historical experience. In contrast to the commercial and agricultural       
mortgage loan portfolios, residential mortgage loans are smaller-balance    
homogeneous loans that are collectively evaluated for impairment.           
Non-specific valuation allowances are established using the evaluation      
framework described above for pools of loans with similar risk              
 characteristics from inputs that are unique to the residential segment of the
loan portfolio. Loan specific valuation allowances are only established on  
residential mortgage loans when they have been restructured and are         
established using the methodology described above for all loan portfolio    
segments.                                                                   

For residential mortgage loans, the Company's primary credit quality    
indicator is whether the loan is performing or nonperforming. The Company   
generally defines nonperforming residential mortgage loans as those that are
60 or more days past due and/or in non-accrual status which is assessed     
monthly. Generally, nonperforming residential mortgage loans have a higher  
risk of experiencing a credit loss.                                         

Credit Quality of Commercial Mortgage Loans                                   

  The credit quality of commercial mortgage loans held-for-investment, were as
follows:                                                                      

                                                        [Enlarge/Download Table]

                                   Recorded Investment                                  
                       -------------------------------------------                      
                       Debt Service Coverage Ratios                                     
                       -----------------------------         % of     Estimated   % of  
                       > 1.20x 1.00x - 1.20x < 1.00x  Total  Total   Fair Value   Total 
                       ------- ------------- ------- ------- -----  ------------- ----- 
                                   (In millions)                    (In millions)       
                                                                                        
December 31, 2013:                                                                      
Loan-to-value ratios:                                                                   
Less than 65%......... $24,585    $  476      $596   $25,657  77.6%    $26,900     78.4%
65% to 75%............   5,219       438       104     5,761  17.4       5,852     17.1 
76% to 80%............     444       157       189       790   2.4         776      2.3 
Greater than 80%......     583       205        76       864   2.6         769      2.2 
                       -------    ------      ----   ------- -----     -------    ----- 
 Total................ $30,831    $1,276      $965   $33,072 100.0%    $34,297    100.0%
                       =======    ======      ====   ======= =====     =======    ===== 

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

                                                        [Enlarge/Download Table]

                                      Recorded Investment                                    
                       ------------------------------------------------                      
                         Debt Service Coverage Ratios                                        
                       --------------------------------           % of     Estimated   % of  
                        > 1.20x  1.00x - 1.20x < 1.00x    Total   Total   Fair Value   Total 
                       --------- ------------- -------- --------- -----  ------------- ----- 
                                     (In millions)                       (In millions)       
                                                                                             
December 31, 2012:                                                                           
Loan-to-value ratios:                                                                        
Less than 65%......... $  24,906   $    452    $    575 $  25,933  77.7%   $  27,894    78.8%
65% to 75%............     4,254        641         108     5,003  15.0        5,218    14.7 
76% to 80%............       448        123         259       830   2.5          863     2.4 
Greater than 80%......       847        501         255     1,603   4.8        1,451     4.1 
                       ---------   --------    -------- --------- -----    ---------   ----- 
 Total................ $  30,455   $  1,717    $  1,197 $  33,369 100.0%   $  35,426   100.0%
                       =========   ========    ======== ========= =====    =========   ===== 

Credit Quality of Agricultural Mortgage Loans                                 

 The credit quality of agricultural mortgage loans held-for-investment, were
as follows:                                                                   

                                                                [Download Table]

                                       December 31,                 
                       -------------------------------------------- 
                                2013                   2012         
                       ---------------------  --------------------- 
                         Recorded     % of      Recorded     % of   
                        Investment    Total    Investment    Total  
                       ------------- -------  ------------- ------- 
                       (In millions)          (In millions)         
                                                                    
Loan-to-value ratios:                                               
Less than 65%.........   $  10,165      92.2%   $  10,628      92.5%
65% to 75%............         659       6.0          514       4.5 
76% to 80%............          84       0.8           92       0.8 
Greater than 80%......         117       1.0          253       2.2 
                         ---------   -------    ---------   ------- 
 Total................   $  11,025     100.0%   $  11,487     100.0%
                         =========   =======    =========   ======= 

 The estimated fair value of agricultural mortgage loans held-for-investment
was $11.3 billion and $11.8 billion at December 31, 2013 and 2012,            
respectively.                                                                 

Credit Quality of Residential Mortgage Loans                                  

The credit quality of residential mortgage loans held-for-investment, were
as follows:                                                                   

                                                                [Download Table]

                                         December 31,                 
                         -------------------------------------------- 
                                  2013                   2012         
                         ---------------------  --------------------- 
                           Recorded     % of      Recorded     % of   
                          Investment    Total    Investment    Total  
                         ------------- -------  ------------- ------- 
                         (In millions)          (In millions)         
                                                                      
Performance indicators:                                               
Performing..............   $  1,812       97.5%    $  105       100.0%
Nonperforming...........         46        2.5         --          -- 
                           --------    -------     ------     ------- 
 Total..................   $  1,858      100.0%    $  105       100.0%
                           ========    =======     ======     ======= 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

The estimated fair value of residential mortgage loans held-for-investment
was $1.8 billion and $109 million at December 31, 2013 and 2012, respectively.

Past Due and Interest Accrual Status of Mortgage Loans                        

 The Company has a high quality, well performing mortgage loan portfolio, with
99% of all mortgage loans classified as performing at both December 31, 2013    
and 2012. The Company defines delinquency consistent with industry practice,    
when mortgage loans are past due as follows: commercial and residential         
mortgage loans -- 60 days and agricultural mortgage loans -- 90 days. The past  
due and accrual status of mortgage loans at recorded investment, prior to       
valuation allowances, by portfolio segment, were as follows at:                 

                                                        [Enlarge/Download Table]

                                                   Greater than 90 Days Past Due and                                     
                           Past Due                     Still Accruing Interest                Nonaccrual Status         
              ----------------------------------- ----------------------------------- -----------------------------------
              December 31, 2013 December 31, 2012 December 31, 2013 December 31, 2012 December 31, 2013 December 31, 2012
              ----------------- ----------------- ----------------- ----------------- ----------------- -----------------
                                                             (In millions)                                               
                                                                                                                         
Commercial...     $     --          $      --         $     --          $     --          $     169         $      83    
Agricultural.           44                116               --                53                 47                67    
Residential..           46                 --               --                --                 46                --    
                  --------          ---------         --------          --------          ---------         ---------    
 Total            $     90          $     116         $     --          $     53          $     262         $     150    
                  ========          =========         ========          ========          =========         =========    

Impaired Mortgage Loans                                                       

Impaired mortgage loans held-for-investment, including those modified in a
troubled debt restructuring, by portfolio segment, were as follows at and for 
the years ended:                                                              

                                                        [Enlarge/Download Table]

                                                          Loans without                                            
                  Loans with a Valuation Allowance     a Valuation Allowance           All Impaired Loans          
              ---------------------------------------- --------------------  --------------------------------------
               Unpaid                                   Unpaid                Unpaid             Average           
              Principal  Recorded  Valuation  Carrying Principal   Recorded  Principal Carrying  Recorded  Interest
               Balance  Investment Allowances  Value    Balance   Investment  Balance   Value   Investment  Income 
              --------- ---------- ---------- -------- ---------  ---------- --------- -------- ---------- --------
                                                         (In millions)                                             
                                                                                                                   
December 31, 2013:                                                                                                 
Commercial...  $  173     $  169     $   49    $  120   $  247      $  246    $  420    $  366    $  430    $  12  
Agricultural.      64         62          7        55       35          34        99        89       151        9  
Residential..      --         --         --        --        5           4         5         4         2       --  
               ------     ------     ------    ------   ------      ------    ------    ------    ------    -----  
  Total......  $  237     $  231     $   56    $  175   $  287      $  284    $  524    $  459    $  583    $  21  
               ======     ======     ======    ======   ======      ======    ======    ======    ======    =====  
December 31, 2012:                                                                                                 
Commercial...  $  367     $  359     $   84    $  275   $   82      $   82    $  449    $  357    $  384    $  11  
Agricultural.     110        107         21        86       79          74       189       160       201        8  
Residential..      --         --         --        --       --          --        --        --        --       --  
               ------     ------     ------    ------   ------      ------    ------    ------    ------    -----  
  Total......  $  477     $  466     $  105    $  361   $  161      $  156    $  638    $  517    $  585    $  19  
               ======     ======     ======    ======   ======      ======    ======    ======    ======    =====  

Unpaid principal balance is generally prior to any charge-offs. Interest  
income recognized is primarily cash basis income. The average recorded        
investment for commercial, agricultural and residential mortgage loans was    
$257 million, $239 million and $0, respectively, for the year ended           
December 31, 2011; and interest income recognized for commercial, agricultural
and residential mortgage loans was $5 million, $3 million and $0,             
respectively, for the year ended December 31, 2011.                           

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Mortgage Loans Modified in a Troubled Debt Restructuring                      

For a small portion of the mortgage loan portfolio, classified as troubled
debt restructurings, concessions are granted related to borrowers experiencing
financial difficulties. Generally, the types of concessions include: reduction
of the contractual interest rate, extension of the maturity date at an        
interest rate lower than current market interest rates, and/or a reduction of 
accrued interest. The amount, timing and extent of the concession granted is  
considered in determining any impairment or changes in the specific valuation 
allowance recorded with the restructuring. Through the continuous monitoring  
process, a specific valuation allowance may have been recorded prior to the   
quarter when the mortgage loan is modified in a troubled debt restructuring.  
Accordingly, the carrying value (after specific valuation allowance) before   
and after modification through a troubled debt restructuring may not change   
significantly, or may increase if the expected recovery is higher than the    
pre-modification recovery assessment. The number of mortgage loans and        
carrying value after specific valuation allowance of mortgage loans modified  
during the period in a troubled debt restructuring were as follows:           

                                                        [Enlarge/Download Table]

                                                   Years Ended December 31,                                      
              ---------------------------------------------------------------------------------------------------
                                    2013                                              2012                       
              ------------------------------------------------- -------------------------------------------------
                Number of      Carrying Value after Specific      Number of      Carrying Value after Specific   
              Mortgage Loans        Valuation Allowance         Mortgage Loans        Valuation Allowance        
              -------------- ---------------------------------- -------------- ----------------------------------
                             Pre-Modification Post-Modification                Pre-Modification Post-Modification
                             ---------------- -----------------                ---------------- -----------------
                                       (In millions)                                     (In millions)           
                                                                                                                 
Commercial...          1         $    49           $    49              1          $    168         $    152     
Agricultural.          2              24                24              5                17               16     
Residential..         27               5                 5             --                --               --     
                  ------         -------           -------          -----          --------         --------     
 Total.......         30         $    78           $    78              6          $    185         $    168     
                  ======         =======           =======          =====          ========         ========     

The Company had one residential mortgage loan modified in a troubled debt 
restructuring with a subsequent payment default with a carrying value of less 
than $1 million at December 31, 2013. There were no mortgage loans modified in
a troubled debt restructuring with a subsequent payment default at            
December 31, 2012. Payment default is determined in the same manner as        
delinquency status as described above.                                        

Other Invested Assets                                                           

 Other invested assets is comprised primarily of freestanding derivatives with
positive estimated fair values (see Note 9), tax credit and renewable energy    
partnerships, loans to affiliates (see "- Related Party Investment              
Transactions") and leveraged leases.                                            

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Leveraged Leases                                                              

Investment in leveraged leases consisted of the following at:             

                                                                [Download Table]

                                                             December 31,   
                                                           -----------------
                                                             2013     2012  
                                                           -------- --------
                                                             (In millions)  
                                                                            
Rental receivables, net................................... $  1,393 $  1,465
Estimated residual values.................................      853      927
 Subtotal.................................................    2,246    2,392
Unearned income...........................................    (742)    (834)
                                                           -------- --------
 Investment in leveraged leases, net of non-recourse debt. $  1,504 $  1,558
                                                           ======== ========

Rental receivables are generally due in periodic installments. The payment
periods range from one to 15 years but in certain circumstances can be over 30
years. For rental receivables, the primary credit quality indicator is whether
the rental receivable is performing or nonperforming, which is assessed       
monthly. The Company generally defines nonperforming rental receivables as    
those that are 90 days or more past due. At December 31, 2013 and 2012, all   
rental receivables were performing.                                           

The deferred income tax liability related to leveraged leases was $1.4    
billion at both December 31, 2013 and 2012.                                   

 The components of income from investment in leveraged leases, excluding net
investment gains (losses), were as follows:                                   

                                                        [Enlarge/Download Table]

                                                                        Years Ended December 31,
                                                                        ------------------------
                                                                         2013    2012    2011   
                                                                         ------   -----   ----- 
                                                                          (In millions)         
                                                                                                
Income from investment in leveraged leases............................. $   60   $  34   $ 101  
Less: Income tax expense on leveraged leases...........................     21      12      35  
                                                                         ------   -----   ----- 
Investment income after income tax from investment in leveraged leases. $   39   $  22   $  66  
                                                                         ======   =====   ===== 

Cash Equivalents                                                                

The carrying value of cash equivalents, which includes securities and other 
investments with an original or remaining maturity of three months or less at   
the time of purchase, was $790 million and $1.1 billion at December 31, 2013    
and 2012, respectively.                                                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Net Unrealized Investment Gains (Losses)                                        

 The components of net unrealized investment gains (losses), included in AOCI,
were as follows:                                                                

                                                        [Enlarge/Download Table]

                                                                           Years Ended December 31,  
                                                                         ----------------------------
                                                                           2013     2012      2011   
                                                                         -------- --------- ---------
                                                                                (In millions)        
                                                                                                     
Fixed maturity securities............................................... $  8,521 $  19,120 $  14,266
Fixed maturity securities with noncredit OTTI losses in AOCI............    (149)     (256)     (522)
                                                                         -------- --------- ---------
 Total fixed maturity securities........................................    8,372    18,864    13,744
Equity securities.......................................................       83      (13)      (98)
Derivatives.............................................................      361     1,052     1,293
Short-term investments..................................................       --       (2)      (10)
Other...................................................................        5        18        45
                                                                         -------- --------- ---------
 Subtotal...............................................................    8,821    19,919    14,974
                                                                         -------- --------- ---------
Amounts allocated from:                                                                              
 Insurance liability loss recognition...................................    (610)   (5,120)   (3,495)
 DAC and VOBA related to noncredit OTTI losses recognized in                                         
   AOCI.................................................................        5        12        33
 DAC and VOBA...........................................................    (721)   (1,231)   (1,102)
 Policyholder dividend obligation.......................................  (1,771)   (3,828)   (2,919)
                                                                         -------- --------- ---------
   Subtotal.............................................................  (3,097)  (10,167)   (7,483)
Deferred income tax benefit (expense) related to noncredit OTTI losses                               
  recognized in AOCI....................................................       51        86       172
Deferred income tax benefit (expense)...................................  (2,070)   (3,498)   (2,794)
                                                                         -------- --------- ---------
Net unrealized investment gains (losses)................................    3,705     6,340     4,869
Net unrealized investment gains (losses) attributable to noncontrolling                              
  interests.............................................................      (1)       (1)       (1)
                                                                         -------- --------- ---------
Net unrealized investment gains (losses) attributable to Metropolitan                                
  Life Insurance Company................................................ $  3,704 $   6,339 $   4,868
                                                                         ======== ========= =========

The changes in fixed maturity securities with noncredit OTTI losses included
in AOCI were as follows:                                                        

                                                        [Enlarge/Download Table]

                                                               Years Ended December 31,
                                                             --------------------------
                                                                2013          2012     
                                                               --------      --------  
                                                               (In millions)           
                                                                                       
Balance at January 1,....................................... $  (256)      $  (522)    
Noncredit OTTI losses and subsequent changes recognized (1).       47          (22)    
Securities sold with previous noncredit OTTI loss...........      114           122    
Subsequent changes in estimated fair value..................     (54)           166    
                                                               --------      --------  
Balance at December 31,..................................... $  (149)      $  (256)    
                                                               ========      ========  

--------                                                                        

(1)Noncredit OTTI losses and subsequent changes recognized, net of DAC, were    
$40 million and ($26) million for the years ended December 31, 2013 and   
2012, respectively.                                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

The changes in net unrealized investment gains (losses) were as follows:    

                                                        [Enlarge/Download Table]

                                                                            Years Ended December 31,    
                                                                         -------------------------------
                                                                           2013       2012       2011   
                                                                         --------- ---------- ----------
                                                                                  (In millions)         
                                                                                                        
Balance at January 1,................................................... $   6,339 $    4,868 $    2,418
Fixed maturity securities on which noncredit OTTI losses have been                                      
  recognized............................................................       107        266      (103)
Unrealized investment gains (losses) during the year....................  (11,205)      4,679      9,248
Unrealized investment gains (losses) relating to:                                                       
 Insurance liability gain (loss) recognition............................     4,510    (1,625)    (3,069)
 DAC and VOBA related to noncredit OTTI losses recognized in                                            
   AOCI.................................................................       (7)       (21)          6
 DAC and VOBA...........................................................       510      (129)      (269)
 Policyholder dividend obligation.......................................     2,057      (909)    (2,043)
 Deferred income tax benefit (expense) related to noncredit OTTI losses                                 
   recognized in AOCI...................................................      (35)       (86)         34
 Deferred income tax benefit (expense)..................................     1,428      (704)    (1,354)
                                                                         --------- ---------- ----------
Net unrealized investment gains (losses)................................     3,704      6,339      4,868
Net unrealized investment gains (losses) attributable to noncontrolling                                 
  interests.............................................................        --         --         --
                                                                         --------- ---------- ----------
Balance at December 31,................................................. $   3,704 $    6,339 $    4,868
                                                                         ========= ========== ==========
Change in net unrealized investment gains (losses)...................... $ (2,635) $    1,471 $    2,450
Change in net unrealized investment gains (losses) attributable to                                      
  noncontrolling interests..............................................        --         --         --
                                                                         --------- ---------- ----------
Change in net unrealized investment gains (losses) attributable to                                      
  Metropolitan Life Insurance Company................................... $ (2,635) $    1,471 $    2,450
                                                                         ========= ========== ==========

Concentrations of Credit Risk                                                   

There were no investments in any counterparty that were greater than 10% of 
the Company's equity, other than the U.S. government and its agencies, at both  
December 31, 2013 and 2012.                                                     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Securities Lending                                                              

Elements of the securities lending program are presented below at:          

                                                                [Download Table]

                                                           December 31,    
                                                        -------------------
                                                          2013      2012   
                                                        --------- ---------
                                                           (In millions)   
                                                                           
Securities on loan: (1)                                                    
 Amortized cost........................................ $  18,829 $  16,224
 Estimated fair value.................................. $  19,153 $  18,564
Cash collateral on deposit from counterparties (2)..... $  19,673 $  19,036
Security collateral on deposit from counterparties (3). $      -- $      46
Reinvestment portfolio -- estimated fair value......... $  19,822 $  19,392

--------                                                                        

(1)Included within fixed maturity securities, short-term investments and equity 
securities.                                                               

(2)Included within payables for collateral under securities loaned and other    
transactions.                                                             

(3)Security collateral on deposit from counterparties may not be sold or        
repledged, unless the counterparty is in default, and is not reflected in 
the consolidated financial statements.                                    

Invested Assets on Deposit and Pledged as Collateral                            

Invested assets on deposit and pledged as collateral are presented below at 
estimated fair value for cash and cash equivalents, short-term investments,     
fixed maturity and equity securities, and trading and FVO securities, and at    
carrying value for mortgage loans at:                                           

                                                                [Download Table]

                                                               December 31,   
                                                             -----------------
                                                               2013     2012  
                                                             -------- --------
                                                               (In millions)  
                                                                              
Invested assets on deposit (regulatory deposits)............ $  1,338 $  1,555
Invested assets pledged as collateral (1)...................   19,555   19,812
                                                             -------- --------
 Total invested assets on deposit and pledged as collateral. $ 20,893 $ 21,367
                                                             ======== ========

--------                                                                        

(1)The Company has pledged invested assets in connection with various           
 agreements and transactions, including funding agreements (see Note 4), and
derivative transactions (see Note 9).                                     

See "-- Securities Lending" for securities on loan and Note 7 for       
investments designated to the closed block.                                 

Purchased Credit Impaired Investments                                           

Investments acquired with evidence of credit quality deterioration since    
origination and for which it is probable at the acquisition date that the       
Company will be unable to collect all contractually required payments are       
classified as purchased credit impaired ("PCI") investments. For each           
investment, the excess of the cash flows expected to be collected as of the     
acquisition date over its acquisition date fair value is referred to as the     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

accretable yield and is recognized as net investment income on an effective     
yield basis. If subsequently, based on current information and events, it is    
probable that there is a significant increase in cash flows previously expected 
to be collected or if actual cash flows are significantly greater than cash     
flows previously expected to be collected, the accretable yield is adjusted     
prospectively. The excess of the contractually required payments (including     
interest) as of the acquisition date over the cash flows expected to be         
collected as of the acquisition date is referred to as the nonaccretable        
difference, and this amount is not expected to be realized as net investment    
income. Decreases in cash flows expected to be collected can result in OTTI.    

The Company's PCI fixed maturity securities were as follows at:             

                                                                [Download Table]

                                                  December 31,   
                                                -----------------
                                                  2013     2012  
                                                -------- --------
                                                  (In millions)  
                                                                 
Outstanding principal and interest balance (1). $  4,653 $  4,335
Carrying value (2)............................. $  3,601 $  3,441

--------                                                                        

(1)Represents the contractually required payments, which is the sum of          
contractual principal, whether or not currently due, and accrued interest.

(2)Estimated fair value plus accrued interest.                                  

The following table presents information about PCI fixed maturity securities
acquired during the periods indicated:                                          

                                                                [Download Table]

                                                        Years Ended December 31,
                                                      --------------------------
                                                        2013          2012      
                                                        ---------    ---------  
                                                         (In millions)          
                                                                                
Contractually required payments (including interest). $   1,612     $   1,911   
Cash flows expected to be collected (1).............. $   1,248     $   1,436   
Fair value of investments acquired................... $     841     $     936   

--------                                                                        

(1)Represents undiscounted principal and interest cash flow expectations, at    
the date of acquisition.                                                  

The following table presents activity for the accretable yield on PCI fixed 
maturity securities for:                                                        

                                                                [Download Table]

                                                       Years Ended December 31,
                                                     --------------------------
                                                       2013          2012      
                                                       ---------    ---------  
                                                        (In millions)          
                                                                               
Accretable yield, January 1,........................ $   2,357     $   1,978   
Investments purchased...............................       407           500   
Accretion recognized in earnings....................     (236)         (181)   
Disposals...........................................     (144)          (84)   
Reclassification (to) from nonaccretable difference.        47           144   
                                                       ---------    ---------  
Accretable yield, December 31,...................... $   2,431     $   2,357   
                                                       =========    =========  

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Collectively Significant Equity Method Investments                              

The Company holds investments in real estate joint ventures, real estate    
funds and other limited partnership interests consisting of leveraged buy-out   
funds, hedge funds, private equity funds, joint ventures and other funds. The   
portion of these investments accounted for under the equity method had a        
carrying value of $8.8 billion at December 31, 2013. The Company's maximum      
exposure to loss related to these equity method investments is limited to the   
carrying value of these investments plus unfunded commitments of $2.7 billion   
at December 31, 2013. Except for certain real estate joint ventures, the        
Company's investments in real estate funds and other limited partnership        
interests are generally of a passive nature in that the Company does not        
participate in the management of the entities.                                  

As described in Note 1, the Company generally records its share of earnings 
in its equity method investments using a three-month lag methodology and within 
net investment income. Aggregate net investment income from these equity method 
investments exceeded 10% of the Company's consolidated pre-tax income (loss)    
from continuing operations for two of the three most recent annual periods:     
2013 and 2011. The Company is providing the following aggregated summarized     
financial data for such equity method investments, for the most recent annual   
periods, in order to provide comparative information. This aggregated           
summarized financial data does not represent the Company's proportionate share  
of the assets, liabilities, or earnings of such entities.                       

The aggregated summarized financial data presented below reflects the latest
available financial information and is as of, and for, the years ended          
December 31, 2013, 2012 and 2011. Aggregate total assets of these entities      
totaled $280.7 billion and $259.4 billion at December 31, 2013 and 2012,        
respectively. Aggregate total liabilities of these entities totaled $23.5       
billion and $22.2 billion at December 31, 2013 and 2012, respectively.          
Aggregate net income (loss) of these entities totaled $25.0 billion, $16.5      
billion and $8.4 billion for the years ended December 31, 2013, 2012 and 2011,  
respectively. Aggregate net income (loss) from the underlying entities in which 
the Company invests is primarily comprised of investment income, including      
recurring investment income and realized and unrealized investment gains        
(losses).                                                                       

Variable Interest Entities                                                      

The Company has invested in certain structured transactions (including CSEs)
that are VIEs. In certain instances, the Company holds both the power to direct 
the most significant activities of the entity, as well as an economic interest  
in the entity and, as such, is deemed to be the primary beneficiary or          
consolidator of the entity.                                                     

The determination of the VIE's primary beneficiary requires an evaluation of
the contractual and implied rights and obligations associated with each party's 
relationship with or involvement in the entity, an estimate of the entity's     
expected losses and expected residual returns and the allocation of such        
estimates to each party involved in the entity. The Company generally uses a    
qualitative approach to determine whether it is the primary beneficiary.        
However, for VIEs that are investment companies or apply measurement principles 
consistent with those utilized by investment companies, the primary beneficiary 
is based on a risks and rewards model and is defined as the entity that will    
absorb a majority of a VIE's expected losses, receive a majority of a VIE's     
expected residual returns if no single entity absorbs a majority of expected    
losses, or both. The Company reassesses its involvement with VIEs on a          
quarterly basis. The use of different methodologies, assumptions and inputs in  
the determination of the primary beneficiary could have a material effect on    
the amounts presented within the consolidated financial statements.             

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Consolidated VIEs                                                             

  The following table presents the total assets and total liabilities relating
to VIEs for which the Company has concluded that it is the primary beneficiary
and which are consolidated at December 31, 2013 and 2012. Creditors or        
beneficial interest holders of VIEs where the Company is the primary          
beneficiary have no recourse to the general credit of the Company, as the     
Company's obligation to the VIEs is limited to the amount of its committed    
investment.                                                                   

                                                        [Enlarge/Download Table]

                                                                                        December 31,              
                                                                           ---------------------------------------
                                                                                   2013                2012       
                                                                           -------------------- ------------------
                                                                            Total      Total    Total     Total   
                                                                            Assets  Liabilities Assets Liabilities
                                                                           -------- ----------- ------ -----------
                                                                                        (In millions)             
                                                                                                                  
Real estate joint ventures (1)............................................ $  1,181   $  443    $  11     $  14   
Fixed maturity securities (2).............................................      159       80      172        83   
Other invested assets.....................................................       82        7       85        --   
Other limited partnership interests.......................................       61       --      189         1   
CSEs (assets (primarily securities) and liabilities (primarily debt)) (3).       23       22       51        50   
                                                                           --------   ------    -----     -----   
 Total.................................................................... $  1,506   $  552    $ 508     $ 148   
                                                                           ========   ======    =====     =====   

--------                                                                        

(1)The Company consolidated an open ended core real estate fund formed in the   
fourth quarter of 2013, which represented the majority of the balances at 
December 31, 2013. Assets of the real estate fund are a real estate       
investment trust which holds primarily traditional core income-producing  
real estate which have associated liabilities that are primarily          
non-recourse debt secured by certain real estate assets of the fund. The  
assets of these entities can only be used to settle their respective      
liabilities, and under no circumstances is the Company liable for any     
principal or interest shortfalls should any arise. The Company's exposure 
was limited to that of its investment in the real estate fund of $178     
million at carrying value at December 31, 2013. The long-term debt bears  
interest primarily at fixed rates ranging from 1.39% to 4.45%, payable    
  primarily on a monthly basis. Interest expense related to these obligations,
included in other expenses, was less than $1 million for the year ended   
December 31, 2013.                                                        

(2)The Company consolidates certain fixed maturity securities purchased in an   
investment vehicle which was partially funded with affiliated long-term   
  debt. The long-term debt bears interest primarily at variable rates, payable
on a bi-annual basis. Interest expense related to these obligations,      
included in other expenses, was $2 million and $1 million for the years   
ended December 31, 2013 and 2012, respectively. There was no interest     
expense for the year ended December 31, 2011.                             

(3)The Company consolidates entities that are structured as collateralized debt 
obligations. The assets of these entities can only be used to settle their
  respective liabilities, and under no circumstances is the Company liable for
any principal or interest shortfalls should any arise. The Company's      
exposure was limited to that of its remaining investment in these entities
of less than $1 million at estimated fair value at both December 31, 2013 
and 2012. The long-term debt bears interest primarily at variable rates,  
  payable on a bi-annual basis. Interest expense related to these obligations,
included in other expenses, was $3 million, $4 million and $9 million for 
the years ended December 31, 2013, 2012 and 2011, respectively.           

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Unconsolidated VIEs                                                           

The carrying amount and maximum exposure to loss relating to VIEs in which
the Company holds a significant variable interest but is not the primary      
beneficiary and which have not been consolidated were as follows at:          

                                                        [Enlarge/Download Table]

                                                                December 31,                
                                                 -------------------------------------------
                                                         2013                  2012         
                                                 --------------------- ---------------------
                                                             Maximum               Maximum  
                                                 Carrying   Exposure   Carrying   Exposure  
                                                  Amount   to Loss (1)  Amount   to Loss (1)
                                                 --------- ----------- --------- -----------
                                                                (In millions)               
                                                                                            
Fixed maturity securities AFS:                                                              
 Structured securities (RMBS, CMBS and ABS) (2). $  40,910  $  40,910  $  42,936  $  42,936 
 U.S. and foreign corporate.....................     2,251      2,251      2,566      2,566 
Other limited partnership interests.............     3,168      4,273      2,966      3,880 
Other invested assets...........................     1,498      1,852      1,068      1,381 
Real estate joint ventures......................        31         31         34         40 
                                                 ---------  ---------  ---------  --------- 
 Total.......................................... $  47,858  $  49,317  $  49,570  $  50,803 
                                                 =========  =========  =========  ========= 

--------                                                                        

(1)The maximum exposure to loss relating to fixed maturity securities AFS is    
equal to their carrying amounts or the carrying amounts of retained       
interests. The maximum exposure to loss relating to other limited         
partnership interests and real estate joint ventures is equal to the      
carrying amounts plus any unfunded commitments of the Company. For certain
 of its investments in other invested assets, the Company's return is in the
form of income tax credits which are guaranteed by creditworthy third     
 parties. For such investments, the maximum exposure to loss is equal to the
carrying amounts plus any unfunded commitments, reduced by income tax     
credits guaranteed by third parties of $257 million and $315 million at   
December 31, 2013 and 2012, respectively. Such a maximum loss would be    
expected to occur only upon bankruptcy of the issuer or investee.         

(2)For these variable interests, the Company's involvement is limited to that   
of a passive investor.                                                    

As described in Note 17, the Company makes commitments to fund partnership
investments in the normal course of business. Excluding these commitments, the
Company did not provide financial or other support to investees designated as 
VIEs during the years ended December 31, 2013, 2012 and 2011.                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Net Investment Income                                                           

The components of net investment income were as follows:                    

                                                                [Download Table]

                                                      Years Ended December 31,   
                                                    -----------------------------
                                                      2013      2012      2011   
                                                    --------- --------- ---------
                                                            (In millions)        
                                                                                 
Investment income:                                                               
 Fixed maturity securities......................... $   8,279 $   8,295 $   8,225
 Equity securities.................................        78        68        73
 Trading and FVO securities (1)....................        43        77        29
 Mortgage loans....................................     2,405     2,528     2,401
 Policy loans......................................       440       451       479
 Real estate and real estate joint ventures........       699       593       493
 Other limited partnership interests...............       633       555       435
 Cash, cash equivalents and short-term investments.        32        19        12
 International joint ventures......................       (4)       (2)       (1)
 Other.............................................        21         7       112
                                                    --------- --------- ---------
   Subtotal........................................    12,626    12,591    12,258
 Less: Investment expenses.........................       844       743       652
                                                    --------- --------- ---------
   Subtotal, net...................................    11,782    11,848    11,606
                                                    --------- --------- ---------
FVO CSEs--interest income:                                                       
 Securities........................................         3         4         9
                                                    --------- --------- ---------
   Subtotal........................................         3         4         9
                                                    --------- --------- ---------
     Net investment income......................... $  11,785 $  11,852 $  11,615
                                                    ========= ========= =========

--------                                                                        

(1)Changes in estimated fair value subsequent to purchase for securities still  
  held as of the end of the respective years included in net investment income
  were $4 million, $44 million and $2 million for the years ended December 31,
2013, 2012, and 2011, respectively.                                       

See "-- Variable Interest Entities" for discussion of CSEs.             

   See "-- Related Party Investment Transactions" for discussion of affiliated
net investment income and investment expenses.                              

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Net Investment Gains (Losses)                                                   

Components of Net Investment Gains (Losses)                                   

The components of net investment gains (losses) were as follows:          

                                                        [Enlarge/Download Table]

                                                                           Years Ended December 31,
                                                                         --------------------------
                                                                          2013      2012     2011  
                                                                          ------  --------  ------ 
                                                                             (In millions)         
                                                                                                   
Total gains (losses) on fixed maturity securities:                                                 
 Total OTTI losses recognized -- by sector and industry:                                           
   U.S. and foreign corporate securities -- by industry:                                           
     Utility............................................................ $ (48)   $   (29)  $   -- 
     Consumer...........................................................   (12)       (19)    (40) 
     Finance............................................................    (4)       (21)    (37) 
     Communications.....................................................    (2)       (18)    (26) 
     Industrial.........................................................     --        (4)     (8) 
     Transportation.....................................................     --        (1)      -- 
                                                                          ------  --------  ------ 
       Total U.S. and foreign corporate securities......................   (66)       (92)   (111) 
   RMBS.................................................................   (62)       (70)    (78) 
   CMBS.................................................................     --       (28)     (9) 
   ABS..................................................................     --        (2)    (28) 
   Foreign government...................................................     --         --     (1) 
                                                                          ------  --------  ------ 
 OTTI losses on fixed maturity securities recognized in earnings........  (128)      (192)   (227) 
 Fixed maturity securities -- net gains (losses) on sales and disposals.    177         16     107 
                                                                          ------  --------  ------ 
   Total gains (losses) on fixed maturity securities....................     49      (176)   (120) 
                                                                          ------  --------  ------ 
Total gains (losses) on equity securities:                                                         
 Total OTTI losses recognized -- by sector:                                                        
   Non-redeemable preferred stock.......................................   (17)         --    (33) 
   Common stock.........................................................    (2)        (7)     (8) 
                                                                          ------  --------  ------ 
 OTTI losses on equity securities recognized in earnings................   (19)        (7)    (41) 
 Equity securities -- net gains (losses) on sales and disposals.........      6         15      44 
                                                                          ------  --------  ------ 
   Total gains (losses) on equity securities............................   (13)          8       3 
                                                                          ------  --------  ------ 
 Trading and FVO securities -- FVO general account securities...........     11         11     (2) 
 Mortgage loans.........................................................     31         84     133 
 Real estate and real estate joint ventures.............................   (15)       (27)     133 
 Other limited partnership interests....................................   (41)       (35)      11 
 Other investment portfolio gains (losses)..............................      5      (192)     (4) 
                                                                          ------  --------  ------ 
     Subtotal -- investment portfolio gains (losses)....................     27      (327)     154 
                                                                          ------  --------  ------ 
FVO CSEs:                                                                                          
 Securities.............................................................      2         --      -- 
 Long-term debt -- related to securities................................    (2)        (7)     (8) 
Non-investment portfolio gains (losses).................................     21          4    (14) 
                                                                          ------  --------  ------ 
     Subtotal FVO CSEs and non-investment portfolio gains (losses)......     21        (3)    (22) 
                                                                          ------  --------  ------ 
       Total net investment gains (losses).............................. $   48   $  (330)  $  132 
                                                                          ======  ========  ====== 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

See "-- Variable Interest Entities" for discussion of CSEs.               

 See "-- Related Party Investment Transactions" for discussion of affiliated
net investment gains (losses) related to transfers of invested assets to      
affiliates.                                                                   

Gains (losses) from foreign currency transactions included within net     
investment gains (losses) were less than $1 million, $2 million and $21       
million for the years ended December 31, 2013, 2012 and 2011, respectively.   

Sales or Disposals and Impairments of Fixed Maturity and Equity Securities    

  Proceeds from sales or disposals of fixed maturity and equity securities and
the components of fixed maturity and equity securities net investment gains   
(losses) are as shown in the table below. Investment gains and losses on sales
of securities are determined on a specific identification basis.              

                                                        [Enlarge/Download Table]

                                                            Years Ended December 31,                        
                                     -----------------------------------------------------------------------
                                       2013     2012     2011   2013  2012  2011    2013     2012     2011  
                                     -------- -------- -------- ----- ----- ----- -------- -------- --------
                                     Fixed Maturity Securities  Equity Securities           Total           
                                     -------------------------- ----------------- --------------------------
                                                                  (In millions)                             
                                                                                                            
Proceeds............................ $ 45,538 $ 29,472 $ 34,015 $ 144 $ 126 $ 771 $ 45,682 $ 29,598 $ 34,786
                                     ======== ======== ======== ===== ===== ===== ======== ======== ========
Gross investment gains.............. $    556 $    327 $    445 $  25 $  23 $  86 $    581 $    350 $    531
                                     -------- -------- -------- ----- ----- ----- -------- -------- --------
Gross investment losses.............    (379)    (311)    (338)  (19)   (8)  (42)    (398)    (319)    (380)
                                     -------- -------- -------- ----- ----- ----- -------- -------- --------
Total OTTI losses:                                                                                          
  Credit-related....................    (115)    (125)    (183)    --    --    --    (115)    (125)    (183)
  Other (1).........................     (13)     (67)     (44)  (19)   (7)  (41)     (32)     (74)     (85)
                                     -------- -------- -------- ----- ----- ----- -------- -------- --------
   Total OTTI losses................    (128)    (192)    (227)  (19)   (7)  (41)    (147)    (199)    (268)
                                     -------- -------- -------- ----- ----- ----- -------- -------- --------
    Net investment gains (losses)... $     49 $  (176) $  (120) $(13) $   8 $   3 $     36 $  (168) $  (117)
                                     ======== ======== ======== ===== ===== ===== ======== ======== ========

--------                                                                        

(1)Other OTTI losses recognized in earnings include impairments on (i) equity   
securities, (ii) perpetual hybrid securities classified within fixed      
maturity securities where the primary reason for the impairment was the   
 severity and/or the duration of an unrealized loss position and (iii) fixed
maturity securities where there is an intent to sell or it is more likely 
than not that the Company will be required to sell the security before    
recovery of the decline in estimated fair value.                          

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

Credit Loss Rollforward                                                       

The table below presents a rollforward of the cumulative credit loss      
component of OTTI loss recognized in earnings on fixed maturity securities    
still held for which a portion of the OTTI loss was recognized in OCI:        

                                                        [Enlarge/Download Table]

                                                                         Years Ended December 31,
                                                                         ------------------------
                                                                            2013         2012    
                                                                          ----------  ---------- 
                                                                             (In millions)       
                                                                                                 
Balance at January 1,................................................... $      285   $      316 
Additions:                                                                                       
 Initial impairments -- credit loss OTTI recognized on                                           
  securities not previously impaired....................................          4           38 
 Additional impairments -- credit loss OTTI recognized on                                        
  securities previously impaired........................................         54           45 
Reductions:                                                                                      
 Sales (maturities, pay downs or prepayments) during the period                                  
  of securities previously impaired as credit loss OTTI.................       (65)         (95) 
 Securities impaired to net present value of expected future cash flows.         --         (17) 
 Increases in cash flows -- accretion of previous credit loss OTTI......        (1)          (2) 
                                                                          ----------  ---------- 
Balance at December 31,................................................. $      277   $      285 
                                                                          ==========  ========== 

Related Party Investment Transactions                                         

The Company transfers invested assets, primarily consisting of fixed      
maturity securities, to and from affiliates. Invested assets transferred to   
and from affiliates were as follows:                                          

                                                        [Enlarge/Download Table]

                                                                     Years Ended December 31,
                                                                     ------------------------
                                                                      2013    2012     2011  
                                                                     ------  -------  ------ 
                                                                         (In millions)       
                                                                                             
Estimated fair value of invested assets transferred to affiliates... $  781  $     4  $  170 
Amortized cost of invested assets transferred to affiliates......... $  688  $     4  $  164 
Net investment gains (losses) recognized on transfers............... $   93  $    --  $    6 
Estimated fair value of invested assets transferred from affiliates. $  882  $    --  $  132 

Included within the transfers to affiliates in 2013 and transfers from    
affiliates in 2013 was $751 million and $739 million, respectively, related to
the establishment of a custodial account to secure certain policyholder       
liabilities. See Note 20.                                                     

The Company purchased from MetLife Bank, $1.5 billion of fixed maturity   
securities, at estimated fair value, for cash during the year ended           
December 31, 2012. See "-- Mortgage Loans" for information on additional      
purchases from this affiliate.                                                

The Company provides investment administrative services to certain        
affiliates. The related investment administrative service charges to these    
affiliates were $172 million, $158 million and $164 million for the years     
ended December 31, 2013, 2012 and 2011, respectively. The Company also had    
additional affiliated net investment income of $4 million, $4 million and $3  
million for the years ended December 31, 2013, 2012 and 2011, respectively.   

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

8. Investments (continued)                                                      

The Company has affiliated loans outstanding, which are included in other 
invested assets, totaling $1.5 billion at both December 31, 2013 and 2012. At 
December 31, 2011, the loans were outstanding with Exeter. During 2012,       
MetLife, Inc. assumed this affiliated debt from Exeter. One loan matured on   
September 30, 2012 and was replaced by a new loan on October 1, 2012. The     
loans, which bear interest at a fixed rate, payable semiannually are due as   
follows: $500 million at 6.44% due on June 30, 2014, $250 million at 3.57% due
on October 1, 2019, $250 million at 7.44% due on September 30, 2016, $150     
million at 5.64% due July 15, 2021 and $375 million at 5.86% due December 16, 
2021. Net investment income from these loans was $90 million, $93 million and 
 $69 million for the years ended December 31, 2013, 2012 and 2011, respectively.

The Company has a loan outstanding to Exeter, which is included in other  
invested assets, totaling $75 million at both December 31, 2013 and 2012. This
loan is due on December 30, 2014 and bears interest on a weighted average of  
6.80%. Net investment income from this loan was $5 million for each of the    
years ended December 31, 2013, 2012 and 2011, respectively.                   

9. Derivatives                                                                  

Accounting for Derivatives                                                      

See Note 1 for a description of the Company's accounting policies for       
derivatives and Note 10 for information about the fair value hierarchy for      
derivatives.                                                                    

Derivative Strategies                                                           

The Company is exposed to various risks relating to its ongoing business    
operations, including interest rate, foreign currency exchange rate, credit and 
equity market. The Company uses a variety of strategies to manage these risks,  
including the use of derivatives.                                               

Derivatives are financial instruments whose values are derived from interest
rates, foreign currency exchange rates, credit spreads and/or other financial   
indices. Derivatives may be exchange-traded or contracted in the                
over-the-counter ("OTC") market. Certain of the Company's OTC derivatives are   
cleared and settled through central clearing counterparties ("OTC-cleared"),    
while others are bilateral contracts between two counterparties                 
("OTC-bilateral"). The types of derivatives the Company uses include swaps,     
forwards, futures and option contracts. To a lesser extent, the Company uses    
credit default swaps and structured interest rate swaps to synthetically        
replicate investment risks and returns which are not readily available in the   
cash market.                                                                    

Interest Rate Derivatives                                                     

The Company uses a variety of interest rate derivatives to reduce its     
exposure to changes in interest rates, including interest rate swaps, caps,   
floors, swaptions and forwards.                                               

  Interest rate swaps are used by the Company primarily to reduce market risks
from changes in interest rates and to alter interest rate exposure arising    
from mismatches between assets and liabilities (duration mismatches). In an   
interest rate swap, the Company agrees with another party to exchange, at     
specified intervals, the difference between fixed rate and floating rate      
interest amounts as calculated by reference to an agreed notional amount. The 
Company utilizes interest rate swaps in fair value, cash flow and             
non-qualifying hedging relationships.                                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

The Company uses structured interest rate swaps to synthetically create   
investments that are either more expensive to acquire or otherwise unavailable
in the cash markets. These transactions are a combination of a derivative and 
a cash instrument such as a U.S. Treasury, agency, or other fixed maturity    
security. Structured interest rate swaps are included in interest rate swaps. 
Structured interest rate swaps are not designated as hedging instruments.     

  The Company purchases interest rate caps and floors primarily to protect its
floating rate liabilities against rises in interest rates above a specified   
level, and against interest rate exposure arising from mismatches between     
assets and liabilities, as well as to protect its minimum rate guarantee      
liabilities against declines in interest rates below a specified level,       
respectively.                                                                 

In certain instances, the Company locks in the economic impact of existing
purchased caps and floors by entering into offsetting written caps and floors.
The Company utilizes interest rate caps and floors in non-qualifying hedging  
relationships.                                                                

Swaptions are used by the Company to hedge interest rate risk associated  
with the Company's long-term liabilities and invested assets. A swaption is an
option to enter into a swap with a forward starting effective date. In certain
instances, the Company locks in the economic impact of existing purchased     
swaptions by entering into offsetting written swaptions. The Company pays a   
premium for purchased swaptions and receives a premium for written swaptions. 
The Company utilizes swaptions in non-qualifying hedging relationships.       
Swaptions are included in interest rate options.                              

The Company enters into interest rate forwards to buy and sell securities.
The price is agreed upon at the time of the contract and payment for such a   
contract is made at a specified future date. The Company utilizes interest    
rate forwards in cash flow hedging relationships.                             

 To a lesser extent the Company uses interest rate futures in non-qualifying
hedging relationships.                                                        

Foreign Currency Exchange Rate Derivatives                                    

The Company uses foreign currency exchange rate derivatives including     
foreign currency swaps, and foreign currency forwards to reduce the risk from 
fluctuations in foreign currency exchange rates associated with its assets and
liabilities denominated in foreign currencies. In a foreign currency swap     
transaction, the Company agrees with another party to exchange, at specified  
intervals, the difference between one currency and another at a fixed exchange
rate, generally set at inception, calculated by reference to an agreed upon   
notional amount. The notional amount of each currency is exchanged at the     
inception and termination of the currency swap by each party. The Company     
utilizes foreign currency swaps in fair value, cash flow and non-qualifying   
hedging relationships.                                                        

In a foreign currency forward transaction, the Company agrees with another
party to deliver a specified amount of an identified currency at a specified  
future date. The price is agreed upon at the time of the contract and payment 
for such a contract is made at the specified future date. The Company utilizes
foreign currency forwards in non-qualifying hedging relationships.            

To a lesser extent, the Company uses currency options in non-qualifying   
hedging relationships.                                                        

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

Credit Derivatives                                                            

The Company enters into purchased credit default swaps to hedge against   
credit-related changes in the value of its investments. In a credit default   
swap transaction, the Company agrees with another party to pay, at specified  
intervals, a premium to hedge credit risk. If a credit event occurs, as       
defined by the contract, the contract may be cash settled or it may be settled
gross by the delivery of par quantities of the referenced investment equal to 
the specified swap notional in exchange for the payment of cash amounts by the
counterparty equal to the par value of the investment surrendered. Credit     
events vary by type of issuer but typically include bankruptcy, failure to pay
debt obligations, repudiation, moratorium, or involuntary restructuring. In   
each case, payout on a credit default swap is triggered only after the Credit 
Derivatives Determinations Committee of the International Swaps and           
Derivatives Association, Inc. ("ISDA") deems that a credit event has occurred.
The Company utilizes credit default swaps in non-qualifying hedging           
relationships.                                                                

  The Company enters into written credit default swaps to synthetically create
credit investments that are either more expensive to acquire or otherwise     
unavailable in the cash markets. These transactions are a combination of a    
derivative and one or more cash instruments, such as U.S. Treasury securities,
agency securities or other fixed maturity securities. These credit default    
swaps are not designated as hedging instruments.                              

The Company also enters into certain purchased and written credit default 
swaps held in relation to trading portfolios for the purpose of generating    
profits on short-term differences in price. These credit default swaps are not
designated as hedging instruments.                                            

  The Company enters into forwards to lock in the price to be paid for forward
purchases of certain securities. The price is agreed upon at the time of the  
contract and payment for the contract is made at a specified future date. When
the primary purpose of entering into these transactions is to hedge against   
the risk of changes in purchase price due to changes in credit spreads, the   
Company designates these as credit forwards. The Company utilizes credit      
forwards in cash flow hedging relationships.                                  

Equity Derivatives                                                            

To a lesser extent the Company uses equity index options in non-qualifying
hedging relationships.                                                        

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

Primary Risks Managed by Derivatives                                            

The following table presents the gross notional amount, estimated fair value
and primary underlying risk exposure of the Company's derivatives, excluding    
embedded derivatives, held at:                                                  

                                                        [Enlarge/Download Table]

                                                                                      December 31,                          
                                                             ---------------------------------------------------------------
                                                                          2013                            2012              
                                                             ------------------------------- -------------------------------
                                                                        Estimated Fair Value            Estimated Fair Value
                                                                        --------------------            --------------------
                                                              Notional                        Notional                      
                           Primary Underlying Risk Exposure    Amount    Assets  Liabilities   Amount    Assets  Liabilities
                           --------------------------------  ---------- -------- ----------- ---------- -------- -----------
                                                                                      (In millions)                         
Derivatives Designated as Hedging Instruments                                                                               
                                                                                                                            
Fair value hedges:                                                                                                          
  Interest rate swaps..... Interest rate.................... $    5,940 $  1,277  $     68   $    4,824 $  1,893  $     79  
  Foreign currency swaps.. Foreign currency exchange rate...      2,591      252       122        3,064      332        71  
                                                             ---------- --------  --------   ---------- --------  --------  
   Subtotal..............................................         8,531    1,529       190        7,888    2,225       150  
                                                             ---------- --------  --------   ---------- --------  --------  
Cash flow hedges:                                                                                                           
  Interest rate swaps..... Interest rate....................      2,584       77       109        2,984      606        --  
  Interest rate forwards.. Interest rate....................        205        3         3          265       58        --  
  Foreign currency swaps.. Foreign currency exchange rate...     10,560      374       500        7,595      198       246  
                                                             ---------- --------  --------   ---------- --------  --------  
   Subtotal..............................................        13,349      454       612       10,844      862       246  
                                                             ---------- --------  --------   ---------- --------  --------  
    Total qualifying hedges.............................         21,880    1,983       802       18,732    3,087       396  
                                                             ---------- --------  --------   ---------- --------  --------  
Derivatives Not Designated or Not Qualifying as Hedging Instruments                                                         
Interest rate swaps....... Interest rate....................     59,022    1,320       732       41,008    1,978       854  
Interest rate floors...... Interest rate....................     38,220      323       234       33,870      737       493  
Interest rate caps........ Interest rate....................     29,809      141        --       40,434       63        --  
Interest rate futures..... Interest rate....................        105       --        --        2,476       --        10  
Interest rate options..... Interest rate....................      4,849      120         8        4,862      336         2  
Synthetic GICs............ Interest rate....................      4,409       --        --        4,162       --        --  
Foreign currency swaps.... Foreign currency exchange rate...      7,267       79       492        6,411      137       532  
Foreign currency forwards. Foreign currency exchange rate...      4,261       44        32        2,131       16        26  
Currency options.......... Foreign currency exchange rate...         --       --        --          129        1        --  
Credit default                                                                                                              
 swaps--purchased......... Credit...........................      1,506        7        21        1,463        7        14  
Credit default                                                                                                              
 swaps--written........... Credit...........................      6,600      124         1        6,230       55         5  
Equity options............ Equity market....................      1,147       --        --          630        1        --  
                                                             ---------- --------  --------   ---------- --------  --------  
   Total non-designated or non-qualifying derivatives....       157,195    2,158     1,520      143,806    3,331     1,936  
                                                             ---------- --------  --------   ---------- --------  --------  
    Total...............................................     $  179,075 $  4,141  $  2,322   $  162,538 $  6,418  $  2,332  
                                                             ========== ========  ========   ========== ========  ========  

 Based on notional amounts, a substantial portion of the Company's derivatives
was not designated or did not qualify as part of a hedging relationship at both 
December 31, 2013 and 2012. The Company's use of derivatives includes           
(i) derivatives that serve as macro hedges of the Company's exposure to various 
risks and that generally do not qualify for hedge accounting due to the         
criteria required under the portfolio hedging rules; (ii) derivatives that      
economically hedge insurance liabilities that contain mortality or morbidity    
risk and that generally do not qualify for hedge accounting because the lack of 
these risks in the derivatives cannot support an expectation of a highly        
effective hedging relationship; and (iii) written credit default swaps that are 
used to synthetically create credit investments and that do not qualify for     
hedge accounting because they do not involve a hedging relationship. For these  
non-qualified derivatives, changes in market factors can lead to the            
recognition of fair value changes in the consolidated statement of operations   
without an offsetting gain or loss recognized in earnings for the item being    
hedged.                                                                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

Net Derivative Gains (Losses)                                               

The components of net derivative gains (losses) were as follows:            

                                                                [Download Table]

                                             Years Ended December 31,  
                                            ---------------------------
                                               2013     2012     2011  
                                            ---------- ------- --------
                                                   (In millions)       
                                                                       
Derivatives and hedging gains (losses) (1). $  (1,205) $    77 $  2,040
Embedded derivatives.......................        135     598    (462)
                                            ---------- ------- --------
 Total net derivative gains (losses)....... $  (1,070) $   675 $  1,578
                                            ========== ======= ========

--------                                                                        

(1)Includes foreign currency transaction gains (losses) on hedged items in cash 
flow and non-qualifying hedging relationships, which are not presented    
elsewhere in this note.                                                   

The following table presents earned income on derivatives:                  

                                                                [Download Table]

                                                     Years Ended December 31,
                                                     ------------------------
                                                      2013     2012    2011  
                                                      ------  ------  ------ 
                                                        (In millions)        
                                                                             
Qualifying hedges:                                                           
 Net investment income.............................. $  129   $  108  $   96 
 Interest credited to policyholder account balances.    148      146     173 
Non-qualifying hedges:                                                       
 Net investment income..............................    (6)      (6)     (8) 
 Net derivative gains (losses)......................    450      314     179 
                                                      ------  ------  ------ 
   Total............................................ $  721   $  562  $  440 
                                                      ======  ======  ====== 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

Non-Qualifying Derivatives and Derivatives for Purposes Other Than Hedging      

The following table presents the amount and location of gains (losses)      
recognized in income for derivatives that were not designated or qualifying as  
hedging instruments:                                                            

                                                                [Download Table]

                                                  Net          Net    
                                               Derivative   Investment
                                             Gains (Losses) Income (1)
                                             -------------- ----------
                                                   (In millions)      
                                                                      
Year Ended December 31, 2013:                                         
 Interest rate derivatives..................   $  (1,753)   $      -- 
 Foreign currency exchange rate derivatives.         (69)          -- 
 Credit derivatives -- purchased............          (6)        (14) 
 Credit derivatives -- written..............          100           1 
 Equity derivatives.........................           --        (22) 
                                               ----------   --------- 
   Total....................................   $  (1,728)   $    (35) 
                                               ==========   ========= 
Year Ended December 31, 2012:                                         
 Interest rate derivatives..................   $     (83)   $      -- 
 Foreign currency exchange rate derivatives.        (252)          -- 
 Credit derivatives -- purchased............         (72)        (15) 
 Credit derivatives -- written..............          105          -- 
 Equity derivatives.........................           --        (12) 
                                               ----------   --------- 
   Total....................................   $    (302)   $    (27) 
                                               ==========   ========= 
Year Ended December 31, 2011:                                         
 Interest rate derivatives..................   $    1,679   $      -- 
 Foreign currency exchange rate derivatives.          103          -- 
 Credit derivatives -- purchased............           74           6 
 Credit derivatives -- written..............         (61)         (1) 
 Equity derivatives.........................           --        (14) 
                                               ----------   --------- 
   Total....................................   $    1,795   $     (9) 
                                               ==========   ========= 

--------                                                                        

(1)Changes in estimated fair value related to economic hedges of equity method  
investments in joint ventures, and changes in estimated fair value related
to derivatives held in relation to trading portfolios.                    

Fair Value Hedges                                                               

The Company designates and accounts for the following as fair value hedges  
when they have met the requirements of fair value hedging: (i) interest rate    
swaps to convert fixed rate assets and liabilities to floating rate assets and  
liabilities; and (ii) foreign currency swaps to hedge the foreign currency fair 
value exposure of foreign currency denominated assets and liabilities.          

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

 The Company recognizes gains and losses on derivatives and the related hedged
items in fair value hedges within net derivative gains (losses). The following  
table presents the amount of such net derivative gains (losses):                

                                                        [Enlarge/Download Table]

                                                               Net Derivative  Net Derivative Ineffectiveness
                                                               Gains (Losses)  Gains (Losses)  Recognized in 
Derivatives in Fair Value  Hedged Items in Fair Value Hedging    Recognized    Recognized for Net Derivative 
Hedging Relationships                Relationships             for Derivatives  Hedged Items  Gains (Losses) 
-------------------------  ----------------------------------- --------------- -------------- ---------------
                                                                               (In millions)                 
                                                                                                             
Year Ended December 31, 2013:                                                                                
Interest rate swaps:       Fixed maturity securities..........   $       34      $     (33)      $       1   
                           Policyholder liabilities (1).......        (800)             807              7   
Foreign currency swaps:    Foreign-denominated fixed maturity                                                
                           securities.........................           13            (12)              1   
                           Foreign-denominated PABs (2).......         (98)             112             14   
                                                                 ----------      ----------      ---------   
  Total.....................................................     $    (851)      $      874      $      23   
                                                                 ==========      ==========      =========   
Year Ended December 31, 2012:                                                                                
Interest rate swaps:       Fixed maturity securities..........   $        2      $      (3)      $     (1)   
                           Policyholder liabilities (1).......         (72)              89             17   
Foreign currency swaps:    Foreign-denominated fixed maturity                                                
                           securities.........................          (1)               1             --   
                           Foreign-denominated PABs (2).......           32            (41)            (9)   
                                                                 ----------      ----------      ---------   
  Total.....................................................     $     (39)      $       46      $       7   
                                                                 ==========      ==========      =========   
Year Ended December 31, 2011:                                                                                
Interest rate swaps:       Fixed maturity securities..........   $     (18)      $       18      $      --   
                           Policyholder liabilities (1).......        1,019           (994)             25   
Foreign currency swaps:    Foreign-denominated fixed maturity                                                
                           securities.........................            1               3              4   
                           Foreign-denominated PABs (2).......           28            (55)           (27)   
                                                                 ----------      ----------      ---------   
  Total.....................................................     $    1,030      $  (1,028)      $       2   
                                                                 ==========      ==========      =========   

--------                                                                        

(1)Fixed rate liabilities reported in PABs or future policy benefits.           

(2)Fixed rate or floating rate liabilities.                                     

All components of each derivative's gain or loss were included in the       
assessment of hedge effectiveness.                                              

Cash Flow Hedges                                                                

The Company designates and accounts for the following as cash flow hedges   
when they have met the requirements of cash flow hedging: (i) interest rate     
swaps to convert floating rate assets and liabilities to fixed rate assets and  
liabilities; (ii) foreign currency swaps to hedge the foreign currency cash     
flow exposure of foreign currency denominated assets and liabilities;           
(iii) interest rate forwards and credit forwards to lock in the price to be     
paid for forward purchases of investments; and (iv) interest rate swaps and     
interest rate forwards to hedge the forecasted purchases of fixed-rate          
investments.                                                                    

In certain instances, the Company discontinued cash flow hedge accounting   
because the forecasted transactions were no longer probable of occurring.       
Because certain of the forecasted transactions also were not probable of        
occurring within two months of the anticipated date, the Company reclassified   
certain amounts from AOCI into net derivative gains (losses). These amounts     
were not significant for the year ending December 31, 2013, and were $1 million 
and $3 million for the years ended December 31, 2012 and 2011, respectively.    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

At December 31, 2013 and 2012, the maximum length of time over which the    
Company was hedging its exposure to variability in future cash flows for        
forecasted transactions did not exceed seven years and eight years,             
respectively.                                                                   

At December 31, 2013 and 2012, the balance in AOCI associated with cash flow
hedges was $361 million and $1.1 billion, respectively.                         

The following table presents the effects of derivatives in cash flow hedging
relationships on the consolidated statements of operations and the consolidated 
statements of equity:                                                           

                                                        [Enlarge/Download Table]

                                                    Amount and Location        Amount and Location  
                            Amount of Gains          of Gains (Losses)          of Gains (Losses)   
Derivatives in Cash Flow  (Losses) Deferred in       Reclassified from        Recognized in Income  
Hedging Relationships     AOCI on Derivatives     AOCI into Income (Loss)     (Loss) on Derivatives 
------------------------  -------------------- ----------------------------- -----------------------
                          (Effective Portion)       (Effective Portion)       (Ineffective Portion) 
-                         -------------------- ----------------------------- -----------------------
                                               Net Derivative Net Investment     Net Derivative     
                                               Gains (Losses)     Income         Gains (Losses)     
                                               -------------- -------------- -----------------------
                                                       (In millions)                                
                                                                                                    
Year Ended December 31, 2013:                                                                       
Interest rate swaps......  $            (511)    $       20    $         8   $                   (3)
Interest rate forwards...                (43)             1              2                        --
Foreign currency swaps...               (120)          (15)            (3)                         2
Credit forwards..........                 (3)            --              1                        --
                          -------------------- -------------- -------------- -----------------------
  Total..................  $            (677)    $        6    $         8   $                   (1)
                          ==================== ============== ============== =======================
Year Ended December 31, 2012:                                                                       
Interest rate swaps......  $             (55)    $        3    $         4   $                     1
Interest rate forwards...                 (1)            --              2                        --
Foreign currency swaps...               (187)           (7)            (5)                       (5)
Credit forwards..........                  --            --              1                        --
                          -------------------- -------------- -------------- -----------------------
  Total..................  $            (243)    $      (4)    $         2   $                   (4)
                          ==================== ============== ============== =======================
Year Ended December 31, 2011:                                                                       
Interest rate swaps......  $              919    $       --    $         1   $                     1
Interest rate forwards...                 128            22              2                         2
Foreign currency swaps...                 166             7            (5)                         1
Credit forwards..........                  18             1             --                        --
                          -------------------- -------------- -------------- -----------------------
  Total..................  $            1,231    $       30    $       (2)   $                     4
                          ==================== ============== ============== =======================

All components of each derivative's gain or loss were included in the       
assessment of hedge effectiveness.                                              

At December 31, 2013, ($17) million of deferred net gains (losses) on       
derivatives in AOCI was expected to be reclassified to earnings within the next 
12 months.                                                                      

Credit Derivatives                                                              

In connection with synthetically created credit investment transactions and 
credit default swaps held in relation to the trading portfolio, the Company     
writes credit default swaps for which it receives a premium to insure credit    
risk. Such credit derivatives are included within the non-qualifying            
derivatives and derivatives for purposes other than hedging table. If a credit  
event occurs, as defined by the contract, the contract may be cash settled or   
it may be settled gross by the Company paying the counterparty the specified    
swap notional amount in exchange for the delivery of par quantities of the      
referenced credit obligation. The Company's maximum amount at risk, assuming    
the value of all referenced credit obligations is zero, was $6.6 billion and    
$6.2 billion at December 31, 2013 and                                           

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

2012, respectively. The Company can terminate these contracts at any time       
through cash settlement with the counterparty at an amount equal to the then    
current fair value of the credit default swaps. At December 31, 2013 and 2012,  
the Company would have received $123 million and $50 million, respectively, to  
terminate all of these contracts.                                               

The following table presents the estimated fair value, maximum amount of    
future payments and weighted average years to maturity of written credit        
default swaps at:                                                               

                                                        [Enlarge/Download Table]

                                                                    December 31,                                   
                                  ---------------------------------------------------------------------------------
                                                    2013                                     2012                  
                                  ---------------------------------------- ----------------------------------------
                                  Estimated      Maximum                   Estimated      Maximum                  
                                  Fair Value Amount of Future   Weighted   Fair Value Amount of Future   Weighted  
Rating Agency Designation of      of Credit   Payments under    Average    of Credit   Payments under    Average   
Referenced                         Default    Credit Default    Years to    Default    Credit Default    Years to  
Credit Obligations (1)              Swaps       Swaps (2)     Maturity (3)   Swaps       Swaps (2)     Maturity (3)
----------------------------      ---------- ---------------- ------------ ---------- ---------------- ------------
                                         (In millions)                            (In millions)                    
                                                                                                                   
Aaa/Aa/A                                                                                                           
Single name credit default swaps                                                                                   
  (corporate).................... $       6    $        395            2.6  $      7    $        573            2.5
Credit default swaps referencing                                                                                   
  indices........................        20           2,089            1.6        31           2,064            2.1
                                  ---------- ----------------              ---------- ----------------             
 Subtotal........................        26           2,484            1.7        38           2,637            2.2
                                  ---------- ----------------              ---------- ----------------             
Baa                                                                                                                
Single name credit default swaps                                                                                   
  (corporate)....................        16             874            3.2         4             835            3.2
Credit default swaps referencing                                                                                   
  indices........................        52           2,898            4.7         6           2,469            4.9
                                  ---------- ----------------              ---------- ----------------             
 Subtotal........................        68           3,772            4.4        10           3,304            4.5
                                  ---------- ----------------              ---------- ----------------             
Ba                                                                                                                 
Single name credit default swaps                                                                                   
  (corporate)....................        --               5            3.8        --              25            2.7
Credit default swaps referencing                                                                                   
  indices........................        --              --             --        --              --             --
                                  ---------- ----------------              ---------- ----------------             
 Subtotal........................        --               5            3.8        --              25            2.7
                                  ---------- ----------------              ---------- ----------------             
B                                                                                                                  
Single name credit default swaps                                                                                   
  (corporate)....................        --              --             --        --              --             --
Credit default swaps referencing                                                                                   
  indices........................        29             339            4.9         2             264            4.9
                                  ---------- ----------------              ---------- ----------------             
 Subtotal........................        29             339            4.9         2             264            4.9
                                  ---------- ----------------              ---------- ----------------             
   Total......................... $     123    $      6,600            3.4  $     50    $      6,230            3.5
                                  ========== ================              ========== ================             

--------                                                                        

(1)The rating agency designations are based on availability and the midpoint of 
 the applicable ratings among Moody's Investors Service ("Moody's"), S&P and
Fitch Ratings. If no rating is available from a rating agency, then an    
internally developed rating is used.                                      

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

(2)Assumes the value of the referenced credit obligations is zero.              

(3)The weighted average years to maturity of the credit default swaps is        
calculated based on weighted average notional amounts.                    

The Company has also entered into credit default swaps to purchase credit   
protection on certain of the referenced credit obligations in the table above.  
As a result, the maximum amounts of potential future recoveries available to    
offset the $6.6 billion and $6.2 billion from the table above were $70 million  
and $120 million at December 31, 2013 and 2012, respectively.                   

Written credit default swaps held in relation to the trading portfolio      
amounted to $10 million in notional and $0 in fair value at both December 31,   
2013 and 2012.                                                                  

Credit Risk on Freestanding Derivatives                                         

The Company may be exposed to credit-related losses in the event of         
nonperformance by counterparties to derivatives. Generally, the current credit  
exposure of the Company's derivatives is limited to the net positive estimated  
fair value of derivatives at the reporting date after taking into consideration 
the existence of master netting or similar agreements and any collateral        
received pursuant to such agreements.                                           

The Company manages its credit risk related to derivatives by entering into 
transactions with creditworthy counterparties and establishing and monitoring   
exposure limits. The Company's OTC-bilateral derivative transactions are        
generally governed by ISDA Master Agreements which provide for legally          
enforceable set-off and close-out netting of exposures to specific              
counterparties in the event of early termination of a transaction, which        
includes, but is not limited to, events of default and bankruptcy. In the event 
of an early termination, the Company is permitted to set-off receivables from   
the counterparty against payables to the same counterparty arising out of all   
included transactions. Substantially all of the Company's ISDA Master           
Agreements also include Credit Support Annex provisions which require both the  
pledging and accepting of collateral in connection with its OTC-bilateral       
derivatives.                                                                    

The Company's OTC-cleared derivatives are effected through central clearing 
counterparties and its exchange-traded derivatives are effected through         
regulated exchanges. Such positions are marked to market and margined on a      
daily basis, and the Company has minimal exposure to credit-related losses in   
the event of nonperformance by counterparties to such derivatives.              

See Note 10 for a description of the impact of credit risk on the valuation 
of derivatives.                                                                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

The estimated fair value of the Company's net derivative assets and net     
derivative liabilities after the application of master netting agreements and   
collateral was as follows at:                                                   

                                                        [Enlarge/Download Table]

                                                                   December 31, 2013    December 31, 2012  
Derivatives Subject to a Master Netting Arrangement or a Similar  -------------------- --------------------
Arrangement                                                        Assets  Liabilities  Assets  Liabilities
----------------------------------------------------------------  -------- ----------- -------- -----------
                                                                                    (In millions)          
                                                                                                           
 Gross estimated fair value of derivatives:                                                                
  OTC-bilateral (1).............................................. $  4,026  $  2,232   $  6,556  $  2,408  
  OTC-cleared (1)................................................      251       117         --        --  
  Exchange-traded................................................       --        --         --        10  
                                                                  --------  --------   --------  --------  
    Total gross estimated fair value of derivatives (1)..........    4,277     2,349      6,556     2,418  
 Amounts offset in the consolidated balance sheets...............       --        --         --        --  
                                                                  --------  --------   --------  --------  
 Estimated fair value of derivatives presented in the                                                      
   consolidated balance sheets (1)...............................    4,277     2,349      6,556     2,418  
 Gross amounts not offset in the consolidated balance sheets:                                              
 Gross estimated fair value of derivatives: (2)                                                            
  OTC-bilateral..................................................  (1,844)   (1,844)    (2,083)   (2,083)  
  OTC-cleared....................................................    (114)     (114)         --        --  
  Exchange-traded................................................       --        --         --        --  
 Cash collateral: (3)                                                                                      
  OTC-bilateral..................................................  (1,143)       (3)    (3,425)       (1)  
  OTC-cleared....................................................    (128)       (3)         --        --  
  Exchange-traded................................................       --        --         --      (10)  
 Securities collateral: (4)                                                                                
  OTC-bilateral..................................................  (1,024)     (319)    (1,048)     (261)  
  OTC-cleared....................................................       --        --         --        --  
  Exchange-traded................................................       --        --         --        --  
                                                                  --------  --------   --------  --------  
 Net amount after application of master netting agreements and                                             
   collateral.................................................... $     24  $     66   $     --  $     63  
                                                                  ========  ========   ========  ========  

--------                                                                        

(1)At December 31, 2013 and 2012, derivative assets include income or expense   
accruals reported in accrued investment income or in other liabilities of 
$136 million and $138 million, respectively, and derivative liabilities   
 include income or expense accruals reported in accrued investment income or
in other liabilities of $27 million and $86 million, respectively.        

(2)Estimated fair value of derivatives is limited to the amount that is subject 
to set-off and includes income or expense accruals.                       

(3)Cash collateral received is included in cash and cash equivalents ,          
short-term investments or in fixed maturity securities, and the obligation
 to return it is included in payables for collateral under securities loaned
and other transactions in the consolidated balance sheets. The receivable 
for the return of cash collateral provided by the Company is inclusive of 
initial margin on exchange-traded and OTC-cleared                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

derivatives and is included in premiums, reinsurance and other receivables
 in the consolidated balance sheets. The amount of cash collateral offset in
the table above is limited to the net estimated fair value of derivatives 
 after application of netting agreements. At December 31, 2013 and 2012, the
  Company received excess cash collateral of $47 million and $0, respectively,
and provided excess cash collateral of $3 million and $25 million,        
 respectively, which is not included in the table above due to the foregoing
limitation.                                                               

(4)Securities collateral received by the Company is held in separate custodial  
 accounts and is not recorded on the consolidated balance sheets. Subject to
certain constraints, the Company is permitted by contract to sell or      
repledge this collateral, but at December 31, 2013 none of the collateral 
 had been sold or repledged. Securities collateral pledged by the Company is
reported in fixed maturity securities in the consolidated balance sheets. 
  Subject to certain constraints, the counterparties are permitted by contract
to sell or repledge this collateral. The amount of securities collateral  
offset in the table above is limited to the net estimated fair value of   
 derivatives after application of netting agreements and cash collateral. At
December 31, 2013 and 2012, the Company received excess securities        
collateral with an estimated fair value of $106 million and $139 million, 
respectively, for its OTC-bilateral derivatives which are not included in 
the table above due to the foregoing limitation. At December 31, 2013 and 
2012, the Company provided excess securities collateral with an estimated 
fair value of $25 million and $0 , respectively, for its OTC-bilateral    
derivatives, and $106 million and $0, respectively, for its OTC-cleared   
 derivatives, which are not included in the table above due to the foregoing
limitation. At both December 31, 2013 and 2012, the Company did not pledge
any securities collateral for its exchange traded derivatives.            

The Company's collateral arrangements for its OTC-bilateral derivatives     
generally require the counterparty in a net liability position, after           
considering the effect of netting agreements, to pledge collateral when the     
fair value of that counterparty's derivatives reaches a pre-determined          
threshold. Certain of these arrangements also include financial                 
strength-contingent provisions that provide for a reduction of these thresholds 
(on a sliding scale that converges toward zero) in the event of downgrades in   
the financial strength ratings of the Company and/or the credit ratings of the  
counterparty. In addition, certain of the Company's netting agreements for      
derivatives contain provisions that require both the Company and the            
counterparty to maintain a specific investment grade financial strength or      
credit rating from each of Moody's and S&P. If a party's financial strength or  
credit ratings were to fall below that specific investment grade financial      
strength or credit rating, that party would be in violation of these            
provisions, and the other party to the derivatives could terminate the          
transactions and demand immediate settlement and payment based on such party's  
reasonable valuation of the derivatives.                                        

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

The following table presents the estimated fair value of the Company's      
OTC-bilateral derivatives that are in a net liability position after            
considering the effect of netting agreements, together with the estimated fair  
value and balance sheet location of the collateral pledged. The table also      
presents the incremental collateral that the Company would be required to       
provide if there was a one notch downgrade in the Company's financial strength  
rating at the reporting date or if the Company's financial strength rating      
sustained a downgrade to a level that triggered full overnight                  
collateralization or termination of the derivative position at the reporting    
date. OTC-bilateral derivatives that are not subject to collateral agreements   
are excluded from this table.                                                   

                                                        [Enlarge/Download Table]

                                                   Estimated Fair Value of       Fair Value of Incremental Collateral   
                                                     Collateral Provided:                   Provided Upon:              
                                                 ---------------------------- ------------------------------------------
                                                                                                   Downgrade in the     
                                                                                                 Company's Financial    
                                                                                                 Strength Rating to a   
                                    Estimated                                    One Notch     Level that Triggers Full 
                                  Fair Value of                                Downgrade in           Overnight         
                                  Derivatives in                               the Company's     Collateralization or   
                                  Net Liability  Fixed Maturity                  Financial           Termination        
                                   Position (1)    Securities       Cash      Strength Rating of the Derivative Position
                                  -------------- -------------- ------------- --------------- --------------------------
                                                                (In millions)                                           
                                                                                                                        
December 31, 2013:                                                                                                      
Derivatives subject to financial                                                                                        
  strength-contingent                                                                                                   
  provisions.....................  $        354     $    344       $    --        $    --           $            5      
Derivatives not subject to                                                                                              
  financial strength-contingent                                                                                         
  provisions.....................             4           --             3             --                       --      
                                  -------------- -------------- ------------- --------------- --------------------------
 Total...........................  $        358     $    344       $     3        $    --           $            5      
                                  ============== ============== ============= =============== ==========================
December 31, 2012:                                                                                                      
Derivatives subject to financial                                                                                        
  strength-contingent                                                                                                   
  provisions.....................  $        263     $    261       $    --        $    --           $            1      
Derivatives not subject to                                                                                              
  financial strength-contingent                                                                                         
  provisions.....................            --           --             1             --                       --      
                                  -------------- -------------- ------------- --------------- --------------------------
 Total...........................  $        263     $    261       $     1        $    --           $            1      
                                  ============== ============== ============= =============== ==========================

--------                                                                        

(1)After taking into consideration the existence of netting agreements.         

Embedded Derivatives                                                            

The Company issues certain products or purchases certain investments that   
contain embedded derivatives that are required to be separated from their host  
contracts and accounted for as freestanding derivatives. These host contracts   
principally include: variable annuities with guaranteed minimum benefits,       
including GMWBs, GMABs and certain GMIBs; affiliated ceded reinsurance of       
guaranteed minimum benefits related to GMWBs, GMABs and certain GMIBs; funds    
withheld on ceded reinsurance and affiliated funds withheld on ceded            
reinsurance; funding agreements with equity or bond indexed crediting rates;    
and certain debt and equity securities.                                         

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

9. Derivatives (continued)                                                      

The following table presents the estimated fair value and balance sheet     
location of the Company's embedded derivatives that have been separated from    
their host contracts at:                                                        

                                                        [Enlarge/Download Table]

                                                                                       December 31,   
                                                                                     -----------------
                                                           Balance Sheet Location      2013     2012  
                                                          -------------------------- -------- --------
                                                                                       (In millions)  
                                                                                                      
Net embedded derivatives within asset host contracts:                                                 
  Ceded guaranteed minimum benefits...................... Premiums, reinsurance and                   
                                                          other receivables......... $   (62) $  1,362
  Options embedded in debt or equity                                                                  
   securities............................................ Investments...............    (106)     (55)
                                                                                     -------- --------
   Net embedded derivatives within asset host contracts..........................    $  (168) $  1,307
                                                                                     ======== ========
Net embedded derivatives within liability host contracts:                                             
  Direct guaranteed minimum benefits..................... PABs...................... $  (868) $   (92)
  Funds withheld on ceded reinsurance.................... Other liabilities.........      758    1,563
  Other.................................................. PABs......................        4       16
                                                                                     -------- --------
   Net embedded derivatives within liability host contracts......................    $  (106) $  1,487
                                                                                     ======== ========

The following table presents changes in estimated fair value related to     
embedded derivatives:                                                           

                                                                [Download Table]

                                        Years Ended December 31,
                                        ----------------------  
                                         2013     2012    2011  
                                        ------   ------ --------
                                            (In millions)       
                                                                
Net derivative gains (losses) (1), (2). $  135   $  598 $  (462)

--------                                                                        

(1)The valuation of direct guaranteed minimum benefits includes a               
  nonperformance risk adjustment. The amounts included in net derivative gains
(losses), in connection with this adjustment, were ($42) million, ($71)   
million and $88 million for the years ended December 31, 2013, 2012 and   
2011, respectively. In addition, the valuation of ceded guaranteed minimum
 benefits includes a nonperformance risk adjustment. The amounts included in
net derivative gains (losses) in connection with this adjustment were $125
million, $122 million and ($219) million for the years ended December 31, 
2013, 2012 and 2011, respectively.                                        

(2)See Note 6 for discussion of affiliated net derivative gains (losses)        
included in the table above.                                              

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value                                                                  

When developing estimated fair values, the Company considers three broad    
valuation techniques: (i) the market approach, (ii) the income approach, and    
(iii) the cost approach. The Company determines the most appropriate valuation  
technique to use, given what is being measured and the availability of          
sufficient inputs, giving priority to observable inputs. The Company            
categorizes its assets and liabilities measured at estimated fair value into a  
three-level hierarchy, based on the significant input with the lowest level in  
its valuation. The input levels are as follows:                                 

Level 1  Unadjusted quoted prices in active                                 
markets for identical assets or                           
liabilities. The Company defines                          
active markets based on average                           
trading volume for equity securities.                     
The size of the bid/ask spread is                         
used as an indicator of market                            
activity for fixed maturity                               
securities.                                               

Level 2  Quoted prices in markets that are not                              
active or inputs that are observable                      
either directly or indirectly. These                      
inputs can include quoted prices for                      
similar assets or liabilities other                       
than quoted prices in Level 1, quoted                     
prices in markets that are not                            
active, or other significant inputs                       
that are observable or can be derived                     
principally from or corroborated by                       
observable market data for                                
substantially the full term of the                        
assets or liabilities.                                    

Level 3  Unobservable inputs that are                                       
supported by little or no market                          
activity and are significant to the                       
determination of estimated fair value                     
of the assets or liabilities.                             
Unobservable inputs reflect the                           
reporting entity's own assumptions                        
about the assumptions that market                         
participants would use in pricing the                     
asset or liability.                                       

Financial markets are susceptible to severe events evidenced by rapid       
depreciation in asset values accompanied by a reduction in asset liquidity. The 
Company's ability to sell securities, or the price ultimately realized for      
these securities, depends upon the demand and liquidity in the market and       
increases the use of judgment in determining the estimated fair value of        
certain securities.                                                             

Considerable judgment is often required in interpreting market data to      
develop estimates of fair value, and the use of different assumptions or        
valuation methodologies may have a material effect on the estimated fair value  
amounts.                                                                        

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Recurring Fair Value Measurements                                               

The assets and liabilities measured at estimated fair value on a recurring  
basis and their corresponding placement in the fair value hierarchy, including  
those items for which the Company has elected the FVO, are presented below.     

                                                        [Enlarge/Download Table]

                                                                            December 31, 2013               
                                                              ----------------------------------------------
                                                                   Fair Value Hierarchy                     
                                                              ------------------------------                
                                                                                             Total Estimated
                                                               Level 1   Level 2    Level 3    Fair Value   
                                                              --------- ---------- --------- ---------------
                                                                           (In millions)                    
                                                                                                            
Assets                                                                                                      
Fixed maturity securities:                                                                                  
  U.S. corporate............................................. $      -- $   58,960 $   5,269  $     64,229  
  U.S. Treasury and agency...................................    15,858     14,624        62        30,544  
  Foreign corporate..........................................        --     25,558     3,198        28,756  
  RMBS.......................................................        --     22,197     2,513        24,710  
  CMBS.......................................................        --      7,946       430         8,376  
  ABS........................................................        --      5,298     2,526         7,824  
  State and political subdivision............................        --      5,777        --         5,777  
  Foreign government.........................................        --      3,256       274         3,530  
                                                              --------- ---------- ---------  ------------  
   Total fixed maturity securities...........................    15,858    143,616    14,272       173,746  
                                                              --------- ---------- ---------  ------------  
Equity securities:                                                                                          
  Common stock...............................................       361        753        50         1,164  
  Non-redeemable preferred stock.............................        --        450       278           728  
                                                              --------- ---------- ---------  ------------  
   Total equity securities...................................       361      1,203       328         1,892  
                                                              --------- ---------- ---------  ------------  
Trading and FVO securities:                                                                                 
  Actively Traded Securities.................................         2        648        12           662  
  FVO general account securities.............................        --         24        14            38  
  FVO securities held by CSEs................................        --         23        --            23  
                                                              --------- ---------- ---------  ------------  
   Total trading and FVO securities..........................         2        695        26           723  
Short-term investments (1)...................................     1,387      4,224       175         5,786  
Residential mortgage loans -- FVO                                    --         --       338           338  
  Derivative assets: (2)                                                                                    
   Interest rate.............................................        --      3,258         3         3,261  
   Foreign currency exchange rate............................        --        735        14           749  
   Credit....................................................        --        108        23           131  
   Equity market.............................................        --         --        --            --  
                                                              --------- ---------- ---------  ------------  
    Total derivative assets..................................        --      4,101        40         4,141  
                                                              --------- ---------- ---------  ------------  
Net embedded derivatives within asset host contracts (3).....        --         --      (62)          (62)  
Separate account assets (4)..................................    28,422    105,165     1,209       134,796  
                                                              --------- ---------- ---------  ------------  
    Total assets............................................. $  46,030 $  259,004 $  16,326  $    321,360  
                                                              ========= ========== =========  ============  
Liabilities                                                                                                 
Derivative liabilities: (2)                                                                                 
  Interest rate.............................................. $      -- $    1,150 $       4  $      1,154  
  Foreign currency exchange rate.............................        --      1,146        --         1,146  
  Credit.....................................................        --         22        --            22  
  Equity market..............................................        --         --        --            --  
                                                              --------- ---------- ---------  ------------  
   Total derivative liabilities..............................        --      2,318         4         2,322  
Net embedded derivatives within liability host contracts (3).        --          4     (110)         (106)  
Long-term debt...............................................        --         79        43           122  
Long-term debt of CSEs.......................................        --         --        28            28  
Trading liabilities (5)......................................       260          2        --           262  
                                                              --------- ---------- ---------  ------------  
    Total liabilities........................................ $     260 $    2,403 $    (35)  $      2,628  
                                                              ========= ========== =========  ============  

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                                                             December 31, 2012                
                                                              ------------------------------------------------
                                                                    Fair Value Hierarchy                      
                                                              --------------------------------                
                                                                                               Total Estimated
                                                               Level 1    Level 2    Level 3     Fair Value   
                                                              ---------- ---------- ---------- ---------------
                                                                             (In millions)                    
                                                                                                              
Assets                                                                                                        
Fixed maturity securities:                                                                                    
  U.S. corporate............................................. $       -- $   61,540 $    5,460   $   67,000   
  U.S. Treasury and agency...................................     17,653     14,927         71       32,651   
  Foreign corporate..........................................         --     27,180      3,054       30,234   
  RMBS.......................................................         --     23,323      1,702       25,025   
  CMBS.......................................................         --      9,384        402        9,786   
  ABS........................................................         --      6,202      1,923        8,125   
  State and political subdivision............................         --      6,720         --        6,720   
  Foreign government.........................................         --      3,853        282        4,135   
                                                              ---------- ---------- ----------   ----------   
    Total fixed maturity securities..........................     17,653    153,129     12,894      183,676   
                                                              ---------- ---------- ----------   ----------   
Equity securities:                                                                                            
  Common stock...............................................        189        792         60        1,041   
  Non-redeemable preferred stock.............................         --        177        281          458   
                                                              ---------- ---------- ----------   ----------   
    Total equity securities..................................        189        969        341        1,499   
                                                              ---------- ---------- ----------   ----------   
Trading and FVO securities:                                                                                   
  Actively Traded Securities.................................          7        646          6          659   
  FVO general account securities.............................         --         26         26           52   
  FVO securities held by CSEs................................         --         41         --           41   
                                                              ---------- ---------- ----------   ----------   
    Total trading and FVO securities.........................          7        713         32          752   
                                                              ---------- ---------- ----------   ----------   
Short-term investments (1)...................................      2,565      3,936        252        6,753   
Residential mortgage loans -- FVO............................         --         --         --           --   
  Derivative assets: (2)                                                                                      
    Interest rate............................................         --      5,613         58        5,671   
    Foreign currency exchange rate...........................         --        646         38          684   
    Credit...................................................         --         29         33           62   
    Equity market............................................         --          1         --            1   
                                                              ---------- ---------- ----------   ----------   
     Total derivative assets.................................         --      6,289        129        6,418   
                                                              ---------- ---------- ----------   ----------   
Net embedded derivatives within asset host contracts (3).....         --         --      1,362        1,362   
Separate account assets (4)..................................     24,237     95,794        940      120,971   
                                                              ---------- ---------- ----------   ----------   
     Total assets............................................ $   44,651 $  260,830 $   15,950   $  321,431   
                                                              ========== ========== ==========   ==========   
Liabilities                                                                                                   
Derivative liabilities: (2)                                                                                   
  Interest rate.............................................. $       10 $    1,428 $       --   $    1,438   
  Foreign currency exchange rate.............................         --        874          1          875   
  Credit.....................................................         --         19         --           19   
                                                              ---------- ---------- ----------   ----------   
       Total derivative liabilities..........................         10      2,321          1        2,332   
Net embedded derivatives within liability host contracts (3).         --         16      1,471        1,487   
Long-term debt...............................................         --         --         --           --   
Long-term debt of CSEs.......................................         --         --         44           44   
Trading liabilities (5)......................................        163         --         --          163   
                                                              ---------- ---------- ----------   ----------   
     Total liabilities....................................... $      173 $    2,337 $    1,516   $    4,026   
                                                              ========== ========== ==========   ==========   

--------                                                                        

(1)Short-term investments as presented in the tables above differ from the      
amounts presented in the consolidated balance sheets because certain      
short-term investments are not measured at estimated fair value on a      
recurring basis.                                                          

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

(2)Derivative assets are presented within other invested assets in the          
 consolidated balance sheets and derivative liabilities are presented within
other liabilities in the consolidated balance sheets. The amounts are     
presented gross in the tables above to reflect the presentation in the    
consolidated balance sheets, but are presented net for purposes of the    
rollforward in the Fair Value Measurements Using Significant Unobservable 
Inputs (Level 3) tables.                                                  

(3)Net embedded derivatives within asset host contracts are presented within    
premiums, reinsurance and other receivables in the consolidated balance   
sheets. Net embedded derivatives within liability host contracts are      
presented within PABs and other liabilities in the consolidated balance   
sheets. At December 31, 2013 and 2012, equity securities also included    
embedded derivatives of ($106) million and ($55) million, respectively.   

(4)Investment performance related to separate account assets is fully offset by 
corresponding amounts credited to contractholders whose liability is      
 reflected within separate account liabilities. Separate account liabilities
are set equal to the estimated fair value of separate account assets.     

(5)Trading liabilities are presented within other liabilities in the            
consolidated balance sheets.                                              

The following describes the valuation methodologies used to measure assets  
and liabilities at fair value. The description includes the valuation           
techniques and key inputs for each category of assets or liabilities that are   
classified within Level 2 and Level 3 of the fair value hierarchy.              

Investments                                                                   

Valuation Controls and Procedures                                           

 On behalf of the Company and MetLife, Inc.'s Chief Investment Officer and
Chief Financial Officer, a pricing and valuation committee that is          
independent of the trading and investing functions and comprised of senior  
management, provides oversight of control systems and valuation policies for
securities, mortgage loans and derivatives. On a quarterly basis, this      
committee reviews and approves new transaction types and markets, ensures   
that observable market prices and market-based parameters are used for      
valuation, wherever possible, and determines that judgmental valuation      
adjustments, when applied, are based upon established policies and are      
 applied consistently over time. This committee also provides oversight of the
selection of independent third party pricing providers and the controls and 
procedures to evaluate third party pricing. Periodically, the Chief         
Accounting Officer reports to the Audit Committees of Metropolitan Life     
Insurance Company's and MetLife, Inc.'s Boards of Directors regarding       
compliance with fair value accounting standards.                            

The Company reviews its valuation methodologies on an ongoing basis and 
revises those methodologies when necessary based on changing market         
conditions. Assurance is gained on the overall reasonableness and consistent
 application of input assumptions, valuation methodologies and compliance with
fair value accounting standards through controls designed to ensure         
valuations represent an exit price. Several controls are utilized, including
certain monthly controls, which include, but are not limited to, analysis of
portfolio returns to corresponding benchmark returns, comparing a sample of 
executed prices of securities sold to the fair value estimates, comparing   
fair value estimates to management's knowledge of the current market,       
reviewing the bid/ask spreads to assess activity, comparing prices from     
multiple independent pricing services and ongoing due diligence to confirm  
that independent pricing services use market-based parameters. The          

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

process includes a determination of the observability of inputs used in     
estimated fair values received from independent pricing services or brokers 
by assessing whether these inputs can be corroborated by observable market  
 data. The Company ensures that prices received from independent brokers, also
 referred to herein as "consensus pricing," represent a reasonable estimate of
 fair value by considering such pricing relative to the Company's knowledge of
the current market dynamics and current pricing for similar financial       
instruments. While independent non-binding broker quotations are utilized,  
they are not used for a significant portion of the portfolio. For example,  
fixed maturity securities priced using independent non-binding broker       
quotations represent 1% of the total estimated fair value of fixed maturity 
securities and 12% of the total estimated fair value of Level 3 fixed       
maturity securities.                                                        

  The Company also applies a formal process to challenge any prices received
from independent pricing services that are not considered representative of 
estimated fair value. If prices received from independent pricing services  
are not considered reflective of market activity or representative of       
 estimated fair value, independent non-binding broker quotations are obtained,
or an internally developed valuation is prepared. Internally developed      
valuations of current estimated fair value, which reflect internal estimates
of liquidity and nonperformance risks, compared with pricing received from  
 the independent pricing services, did not produce material differences in the
estimated fair values for the majority of the portfolio; accordingly,       
overrides were not material. This is, in part, because internal estimates of
liquidity and nonperformance risks are generally based on available market  
evidence and estimates used by other market participants. In the absence of 
such market-based evidence, management's best estimate is used.             

Securities, Short-term Investments, Long-term Debt and Trading Liabilities  

  When available, the estimated fair value of these financial instruments is
based on quoted prices in active markets that are readily and regularly     
obtainable. Generally, these are the most liquid of the Company's securities
holdings and valuation of these securities does not involve management's    
judgment.                                                                   

 When quoted prices in active markets are not available, the determination
of estimated fair value is based on market standard valuation methodologies,
giving priority to observable inputs. The significant inputs to the market  
standard valuation methodologies for certain types of securities with       
 reasonable levels of price transparency are inputs that are observable in the
market or can be derived principally from, or corroborated by, observable   
market data. When observable inputs are not available, the market standard  
valuation methodologies rely on inputs that are significant to the estimated
fair value that are not observable in the market or cannot be derived       
principally from, or corroborated by, observable market data. These         
unobservable inputs can be based in large part on management's judgment or  
estimation and cannot be supported by reference to market activity. Even    
 though these inputs are unobservable, management believes they are consistent
with what other market participants would use when pricing such securities  
and are considered appropriate given the circumstances.                     

   The estimated fair value of FVO securities held by CSEs, long-term debt and
trading liabilities is determined on a basis consistent with the            
methodologies described herein for securities.                              

Level 2 Valuation Techniques and Key Inputs:                                

This level includes securities priced principally by independent pricing
services using observable inputs. Trading and FVO securities and short-term 
investments within this level are of a similar nature and class to the Level
2 fixed maturity securities and equity securities.                          

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

U.S. corporate and foreign corporate securities                           

These securities are principally valued using the market and income   
 approaches. Valuations are based primarily on quoted prices in markets that
  are not active, or using matrix pricing or other similar techniques that use
standard market observable inputs such as benchmark yields, spreads off   
benchmark yields, new issuances, issuer rating, duration, and trades of   
identical or comparable securities. Privately-placed securities are valued
 using matrix pricing methodologies using standard market observable inputs,
and inputs derived from, or corroborated by, market observable data       
including market yield curve, duration, call provisions, observable prices
and spreads for similar publicly traded or privately traded issues that   
incorporate the credit quality and industry sector of the issuer, and in  
certain cases, delta spread adjustments to reflect specific credit-related
issues.                                                                   

U.S. Treasury and agency securities                                       

These securities are principally valued using the market approach.    
Valuations are based primarily on quoted prices in markets that are not   
active, or using matrix pricing or other similar techniques using standard
 market observable inputs such as a benchmark U.S. Treasury yield curve, the
spread off the U.S. Treasury yield curve for the identical security and   
comparable securities that are actively traded.                           

Structured securities comprised of RMBS, CMBS and ABS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
cash flow methodologies or other similar techniques using standard market 
inputs, including spreads for actively traded securities, spreads off     
benchmark yields, expected prepayment speeds and volumes, current and     
 forecasted loss severity, rating, weighted average coupon, weighted average
maturity, average delinquency rates, geographic region, debt-service      
coverage ratios and issuance-specific information, including, but not     
  limited to: collateral type, payment terms of the underlying assets, payment
  priority within the tranche, structure of the security, deal performance and
vintage of loans.                                                         

State and political subdivision and foreign government securities         

These securities are principally valued using the market approach.    
  Valuations are based primarily on matrix pricing or other similar techniques
  using standard market observable inputs, including a benchmark U.S. Treasury
 yield or other yields, issuer ratings, broker-dealer quotes, issuer spreads
and reported trades of similar securities, including those within the same
sub-sector or with a similar maturity or credit rating.                   

Common and non-redeemable preferred stock                                 

These securities are principally valued using the market approach.    
Valuations are based principally on observable inputs, including quoted   
prices in markets that are not considered active.                         

Level 3 Valuation Techniques and Key Inputs:                                

In general, securities classified within Level 3 use many of the same   
 valuation techniques and inputs as described previously for Level 2. However,
if key inputs are unobservable, or if the investments are less              

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

liquid and there is very limited trading activity, the investments are      
generally classified as Level 3. The use of independent non-binding broker  
quotations to value investments generally indicates there is a lack of      
liquidity or a lack of transparency in the process to develop the valuation 
estimates, generally causing these investments to be classified in Level 3. 

   Trading and FVO securities and short-term investments within this level are
of a similar nature and class to the Level 3 securities described below;    
accordingly, the valuation techniques and significant market standard       
 observable inputs used in their valuation are also similar to those described
below.                                                                      

U.S. corporate and foreign corporate securities                           

   These securities, including financial services industry hybrid securities
classified within fixed maturity securities, are principally valued using 
the market approach. Valuations are based primarily on matrix pricing or  
other similar techniques that utilize unobservable inputs or inputs that  
cannot be derived principally from, or corroborated by, observable market 
data, including illiquidity premium, delta spread adjustments to reflect  
 specific credit-related issues, credit spreads; and inputs including quoted
  prices for identical or similar securities that are less liquid and based on
lower levels of trading activity than securities classified in Level 2.   
Certain valuations are based on independent non-binding broker quotations.

Structured securities comprised of RMBS, CMBS and ABS                     

These securities are principally valued using the market and income   
approaches. Valuations are based primarily on matrix pricing, discounted  
  cash flow methodologies or other similar techniques that utilize inputs that
 are unobservable or cannot be derived principally from, or corroborated by,
observable market data, including credit spreads. Below investment grade  
securities and sub-prime RMBS included in this level are valued based on  
 inputs including quoted prices for identical or similar securities that are
less liquid and based on lower levels of trading activity than securities 
 classified in Level 2. Certain of these valuations are based on independent
non-binding broker quotations.                                            

Foreign government securities                                             

These securities are principally valued using the market approach.    
 Valuations are based primarily on independent non-binding broker quotations
  and inputs, including quoted prices for identical or similar securities that
are less liquid and based on lower levels of trading activity than        
securities classified in Level 2. Certain valuations are based on matrix  
pricing that utilize inputs that are unobservable or cannot be derived    
principally from, or corroborated by, observable market data, including   
credit spreads.                                                           

Common and non-redeemable preferred stock                                 

These securities, including privately-held securities and financial   
  services industry hybrid securities classified within equity securities, are
principally valued using the market and income approaches. Valuations are 
based primarily on matrix pricing, discounted cash flow methodologies or  
other similar techniques using inputs such as comparable credit rating and
issuance structure. Certain of these securities are valued based on inputs
including quoted prices for identical or similar securities that are less 
liquid and based on lower levels of trading activity than securities      
classified in Level 2 and independent non-binding broker quotations.      

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Mortgage Loans                                                              

The Company has elected the FVO for certain residential mortgage loans  
held-for-investment.                                                        

Level 3 Valuation Techniques and Key Inputs:                                

Residential mortgage loans -- FVO                                         

 For these investments, the estimated fair values are based primarily on
matrix pricing or other similar techniques that utilize inputs that are   
unobservable or cannot be derived principally from, or corroborated by,   
observable market data.                                                   

Separate Account Assets                                                     

   Separate account assets are carried at estimated fair value and reported as
a summarized total on the consolidated balance sheets. The estimated fair   
value of separate account assets is based on the estimated fair value of the
underlying assets. Separate account assets include: mutual funds, fixed     
maturity securities, equity securities, derivatives, hedge funds, other     
limited partnership interests, short-term investments and cash and cash     
equivalents.                                                                

Level 2 Valuation Techniques and Key Inputs:                                

   These assets are comprised of investments that are similar in nature to the
 instruments described under "-- Securities, Short-term Investments, Long-term
Debt and Trading Liabilities" and "-- Derivatives -- Freestanding           
Derivatives." Also included are certain mutual funds and hedge funds without
readily determinable fair values as prices are not published publicly.      
Valuation of the mutual funds and hedge funds is based upon quoted prices or
reported NAV provided by the fund managers.                                 

Level 3 Valuation Techniques and Key Inputs:                                

   These assets are comprised of investments that are similar in nature to the
 instruments described under "-- Securities, Short-term Investments, Long-term
Debt and Trading Liabilities" and "-- Derivatives -- Freestanding           
Derivatives." Also included are other limited partnership interests, which  
are valued giving consideration to the value of the underlying holdings of  
the partnerships and by applying a premium or discount, if appropriate, for 
factors such as liquidity, bid/ask spreads, the performance record of the   
fund manager or other relevant variables that may impact the exit value of  
the particular partnership interest.                                        

Derivatives                                                                   

The estimated fair value of derivatives is determined through the use of  
quoted market prices for exchange-traded derivatives, or through the use of   
pricing models for OTC-bilateral and OTC-cleared derivatives. The             
determination of estimated fair value, when quoted market values are not      
available, is based on market standard valuation methodologies and inputs that
management believes are consistent with what other market participants would  
use when pricing such instruments. Derivative valuations can be affected by   
changes in interest rates, foreign currency exchange rates, financial indices,
credit spreads, default risk, nonperformance                                  

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

risk, volatility, liquidity and changes in estimates and assumptions used in  
the pricing models. The valuation controls and procedures for derivatives are 
described in "-- Investments."                                                

The significant inputs to the pricing models for most OTC-bilateral and   
OTC-cleared derivatives are inputs that are observable in the market or can be
derived principally from, or corroborated by, observable market data.         
Significant inputs that are observable generally include: interest rates,     
foreign currency exchange rates, interest rate curves, credit curves and      
volatility. However, certain OTC-bilateral and OTC-cleared derivatives may    
rely on inputs that are significant to the estimated fair value that are not  
observable in the market or cannot be derived principally from, or            
corroborated by, observable market data. Significant inputs that are          
unobservable generally include references to emerging market currencies and   
inputs that are outside the observable portion of the interest rate curve,    
credit curve, volatility or other relevant market measure. These unobservable 
inputs may involve significant management judgment or estimation. Even though 
unobservable, these inputs are based on assumptions deemed appropriate given  
the circumstances and management believes they are consistent with what other 
market participants would use when pricing such instruments.                  

Most inputs for OTC-bilateral and OTC-cleared derivatives are mid-market  
inputs but, in certain cases, liquidity adjustments are made when they are    
deemed more representative of exit value. Market liquidity, as well as the use
of different methodologies, assumptions and inputs, may have a material effect
on the estimated fair values of the Company's derivatives and could materially
affect net income.                                                            

The credit risk of both the counterparty and the Company are considered in
determining the estimated fair value for all OTC-bilateral and OTC-cleared    
derivatives, and any potential credit adjustment is based on the net exposure 
by counterparty after taking into account the effects of netting agreements   
and collateral arrangements. The Company values its OTC-bilateral and         
OTC-cleared derivatives using standard swap curves which may include a spread 
to the risk free rate, depending upon specific collateral arrangements. This  
credit spread is appropriate for those parties that execute trades at pricing 
levels consistent with similar collateral arrangements. As the Company and its
significant derivative counterparties generally execute trades at such pricing
levels and hold sufficient collateral, additional credit risk adjustments are 
not currently required in the valuation process. The Company's ability to     
consistently execute at such pricing levels is in part due to the netting     
agreements and collateral arrangements that are in place with all of its      
significant derivative counterparties. An evaluation of the requirement to    
make additional credit risk adjustments is performed by the Company each      
reporting period.                                                             

Freestanding Derivatives                                                    

Level 2 Valuation Techniques and Key Inputs:                                

 This level includes all types of derivatives utilized by the Company with
the exception of exchange-traded derivatives included within Level 1 and    
those derivatives with unobservable inputs as described in Level 3. These   
derivatives are principally valued using the income approach.               

Interest rate                                                             

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve and basis
curves.                                                                   

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

    Option-based. Valuations are based on option pricing models, which utilize
significant inputs that may include the swap yield curve, basis curves and
interest rate volatility.                                                 

Foreign currency exchange rate                                            

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve, basis   
curves, currency spot rates and cross currency basis curves.              

Credit                                                                    

   Non-option-based. Valuations are based on present value techniques, which
utilize significant inputs that may include the swap yield curve, credit  
curves and recovery rates.                                                

Equity market                                                             

    Option-based. Valuations are based on option pricing models, which utilize
 significant inputs that may include the swap yield curve, spot equity index
levels, dividend yield curves and equity volatility.                      

Level 3 Valuation Techniques and Key Inputs:                                

These derivatives are principally valued using the income approach.     
Valuations of non-option-based derivatives utilize present value techniques,
 whereas valuations of option-based derivatives utilize option pricing models.
These valuation methodologies generally use the same inputs as described in 
the corresponding sections above for Level 2 measurements of derivatives.   
However, these derivatives result in Level 3 classification because one or  
more of the significant inputs are not observable in the market or cannot be
derived principally from, or corroborated by, observable market data.       

Interest rate                                                             

Non-option-based. Significant unobservable inputs may include the     
extrapolation beyond observable limits of the swap yield curve and basis  
curves.                                                                   

Foreign currency exchange rate                                            

Non-option-based. Significant unobservable inputs may include the     
extrapolation beyond observable limits of the swap yield curve, basis     
curves, cross currency basis curves and currency correlation.             

Credit                                                                    

Non-option-based. Significant unobservable inputs may include credit  
 spreads, repurchase rates and the extrapolation beyond observable limits of
the swap yield curve and credit curves. Certain of these derivatives are  
valued based on independent non-binding broker quotations.                

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Embedded Derivatives                                                          

Embedded derivatives principally include certain direct variable annuity  
guarantees, certain affiliated ceded reinsurance agreements related to such   
variable annuity guarantees, equity or bond indexed crediting rates within    
certain funding agreements and those related to ceded funds withheld on       
reinsurance. Embedded derivatives are recorded at estimated fair value with   
changes in estimated fair value reported in net income.                       

  The Company issues certain variable annuity products with guaranteed minimum
benefits. GMWBs, GMABs and certain GMIBs contain embedded derivatives, which  
are measured at estimated fair value separately from the host variable annuity
contract, with changes in estimated fair value reported in net derivative     
gains (losses). These embedded derivatives are classified within PABs in the  
consolidated balance sheets.                                                  

  The fair value of these embedded derivatives, estimated as the present value
of projected future benefits minus the present value of projected future fees 
using actuarial and capital market assumptions including expectations         
concerning policyholder behavior, is calculated by the Company's actuarial    
department. The calculation is based on in-force business, and is performed   
using standard actuarial valuation software which projects future cash flows  
from the embedded derivative over multiple risk neutral stochastic scenarios  
using observable risk free rates.                                             

Capital market assumptions, such as risk free rates and implied           
volatilities, are based on market prices for publicly traded instruments to   
the extent that prices for such instruments are observable. Implied           
volatilities beyond the observable period are extrapolated based on observable
implied volatilities and historical volatilities. Actuarial assumptions,      
including mortality, lapse, withdrawal and utilization, are unobservable and  
are reviewed at least annually based on actuarial studies of historical       
experience.                                                                   

The valuation of these guarantee liabilities includes nonperformance risk 
adjustments and adjustments for a risk margin related to non-capital market   
inputs. The nonperformance adjustment is determined by taking into            
consideration publicly available information relating to spreads in the       
secondary market for MetLife, Inc.'s debt, including related credit default   
swaps. These observable spreads are then adjusted, as necessary, to reflect   
the priority of these liabilities and the claims paying ability of the issuing
insurance subsidiaries compared to MetLife, Inc.                              

 Risk margins are established to capture the non-capital market risks of the
instrument which represent the additional compensation a market participant   
would require to assume the risks related to the uncertainties of such        
actuarial assumptions as annuitization, premium persistency, partial          
withdrawal and surrenders. The establishment of risk margins requires the use 
of significant management judgment, including assumptions of the amount and   
cost of capital needed to cover the guarantees. These guarantees may be more  
costly than expected in volatile or declining equity markets. Market          
conditions including, but not limited to, changes in interest rates, equity   
indices, market volatility and foreign currency exchange rates; changes in    
nonperformance risk; and variations in actuarial assumptions regarding        
policyholder behavior, mortality and risk margins related to non-capital      
market inputs, may result in significant fluctuations in the estimated fair   
value of the guarantees that could materially affect net income.              

The Company ceded the risk associated with certain of the GMIBs, GMABs and
GMWBs previously described. In addition to ceding risks associated with       
guarantees that are accounted for as embedded derivatives,                    

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

the Company also ceded directly written GMIBs that are accounted for as       
insurance (i.e., not as embedded derivatives) but where the reinsurance       
agreement contains an embedded derivative. These embedded derivatives are     
included within premiums, reinsurance and other receivables in the            
consolidated balance sheets with changes in estimated fair value reported in  
net derivative gains (losses). The value of the embedded derivatives on the   
ceded risk is determined using a methodology consistent with that described   
previously for the guarantees directly written by the Company with the        
exception of the input for nonperformance risk that reflects the credit of the
reinsurer.                                                                    

The estimated fair value of the embedded derivatives within funds withheld
related to certain ceded reinsurance is determined based on the change in     
estimated fair value of the underlying assets held by the Company in a        
reference portfolio backing the funds withheld liability. The estimated fair  
value of the underlying assets is determined as previously described in "--   
Investments -- Securities, Short-term Investments, Long-term Debt and Trading 
Liabilities." The estimated fair value of these embedded derivatives is       
included, along with their funds withheld hosts, in other liabilities in the  
consolidated balance sheets with changes in estimated fair value recorded in  
net derivative gains (losses). Changes in the credit spreads on the underlying
assets, interest rates and market volatility may result in significant        
fluctuations in the estimated fair value of these embedded derivatives that   
could materially affect net income.                                           

  The estimated fair value of the embedded equity and bond indexed derivatives
contained in certain funding agreements is determined using market standard   
swap valuation models and observable market inputs, including a nonperformance
risk adjustment. The estimated fair value of these embedded derivatives are   
included, along with their funding agreements host, within PABs with changes  
in estimated fair value recorded in net derivative gains (losses). Changes in 
equity and bond indices, interest rates and the Company's credit standing may 
result in significant fluctuations in the estimated fair value of these       
embedded derivatives that could materially affect net income.                 

Embedded Derivatives Within Asset and Liability Host Contracts              

Level 3 Valuation Techniques and Key Inputs:                                

Direct guaranteed minimum benefits                                        

These embedded derivatives are principally valued using the income    
approach. Valuations are based on option pricing techniques, which utilize
significant inputs that may include swap yield curve, currency exchange   
  rates and implied volatilities. These embedded derivatives result in Level 3
classification because one or more of the significant inputs are not      
observable in the market or cannot be derived principally from, or        
corroborated by, observable market data. Significant unobservable inputs  
generally include: the extrapolation beyond observable limits of the swap 
  yield curve and implied volatilities, actuarial assumptions for policyholder
behavior and mortality and the potential variability in policyholder      
  behavior and mortality, nonperformance risk and cost of capital for purposes
of calculating the risk margin.                                           

Reinsurance ceded on certain guaranteed minimum benefits                  

These embedded derivatives are principally valued using the income    
approach. The valuation techniques and significant market standard        
unobservable inputs used in their valuation are similar to those described
above in "-- Direct Guaranteed Minimum Benefits" and also include         
counterparty credit spreads.                                              

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Embedded Derivatives Within Funds Withheld Related to Certain Ceded       
Reinsurance                                                               

These embedded derivatives are principally valued using the income    
approach. The valuations are based on present value techniques, which     
utilize significant inputs that may include the swap yield curve and the  
fair value of assets within the reference portfolio. These embedded       
derivatives result in Level 3 classification because one or more of the   
significant inputs are not observable in the market or cannot be derived  
principally from, or corroborated by, observable market data. Significant 
unobservable inputs generally include the fair value of certain assets    
within the reference portfolio which are not observable in the market and 
cannot be derived principally from, or corroborated by, observable market 
data.                                                                     

Transfers between Levels                                                      

Overall, transfers between levels occur when there are changes in the     
observability of inputs and market activity. Transfers into or out of any     
level are assumed to occur at the beginning of the period.                    

Transfers between Levels 1 and 2:                                           

  For assets and liabilities measured at estimated fair value and still held
at December 31, 2013, transfers between Levels 1 and 2 were not significant.
There were no transfers between Levels 1 and 2 for assets and liabilities   
measured at estimated fair value and still held at December 31, 2012.       

Transfers into or out of Level 3:                                           

Assets and liabilities are transferred into Level 3 when a significant  
input cannot be corroborated with market observable data. This occurs when  
market activity decreases significantly and underlying inputs cannot be     
 observed, current prices are not available, and/or when there are significant
variances in quoted prices, thereby affecting transparency. Assets and      
liabilities are transferred out of Level 3 when circumstances change such   
that a significant input can be corroborated with market observable data.   
This may be due to a significant increase in market activity, a specific    
event, or one or more significant input(s) becoming observable.             

 Transfers into Level 3 for fixed maturity securities and separate account
assets were due primarily to a lack of trading activity, decreased liquidity
and credit ratings downgrades (e.g., from investment grade to below         
 investment grade) which have resulted in decreased transparency of valuations
and an increased use of independent non-binding broker quotations and       
unobservable inputs, such as illiquidity premiums, delta spread adjustments,
or credit spreads.                                                          

 Transfers out of Level 3 for fixed maturity securities and mortgage loans
resulted primarily from increased transparency of both new issuances that,  
subsequent to issuance and establishment of trading activity, became priced 
by independent pricing services and existing issuances that, over time, the 
Company was able to obtain pricing from, or corroborate pricing received    
 from, independent pricing services with observable inputs (such as observable
spreads used in pricing securities) or increases in market activity and     
upgraded credit ratings.                                                    

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Assets and Liabilities Measured at Fair Value Using Significant Unobservable    
Inputs (Level 3)                                                                

The following table presents certain quantitative information about the     
significant unobservable inputs used in the fair value measurement, and the     
sensitivity of the estimated fair value to changes in those inputs, for the     
more significant asset and liability classes measured at fair value on a        
recurring basis using significant unobservable inputs (Level 3) at:             

                                                        [Enlarge/Download Table]


                                                                            December 31, 2013         
                                                                      -----------------------------   
                                                Significant                                Weighted   
                  Valuation Techniques       Unobservable Inputs            Range         Average (1) 
                ------------------------- --------------------------  ----------------    ----------- 
                                                                                                      
Fixed maturity securities: (3)                                                                        
 U.S.                                     Delta spread                                                
  corporate                                 adjustments (4)                                           
  and foreign                                                                                         
  corporate.... Matrix pricing                                           (10)  -     240       38     
                                          Illiquidity premium (4)          30  -      30       30     
                                          Credit spreads (4)          (1,489)  -     876      193     
                                          Offered quotes (5)                4  -     104      100     
                Consensus pricing         Offered quotes (5)               33  -     140       98     
                --------------------------------------------------------------------------------------
 RMBS.......... Matrix pricing and        Credit spreads (4)                                          
                  discounted cash flow                                  (136)  -   3,609      286     
                Market pricing            Quoted prices (5)                22  -     100       98     
                Consensus pricing         Offered quotes (5)               69  -     101       93     
                --------------------------------------------------------------------------------------
 CMBS.......... Matrix pricing and        Credit spreads (4)                                          
                  discounted cash flow                                    215  -   2,025      475     
                Market pricing            Quoted prices (5)                89  -     104       99     
                Consensus pricing         Offered quotes (5)               90  -     101       96     
                --------------------------------------------------------------------------------------
 ABS........... Matrix pricing and        Credit spreads (4)                                          
                  discounted cash flow                                     30  -   1,878      119     
                Market pricing            Quoted prices (5)                --  -     106      101     
                Consensus pricing         Offered quotes (5)               56  -     106       98     
                --------------------------------------------------------------------------------------
 Foreign                                  Credit spreads (4)                                          
  government... Matrix pricing                                                                        
                Market pricing            Quoted prices (5)                77  -     108       87     
                Consensus pricing         Offered quotes (5)              104  -     140      118     
Derivatives:                                                                                          
 Interest rate. Present value             Swap yield (7)                                              
                  techniques                                              401  -     450              
                --------------------------------------------------------------------------------------
 Foreign                                  Swap yield (7)                                              
  currency      Present value                                                                         
  exchange rate   techniques                                              580  -     767              
                                          Correlation (8)                  38% -      47%             
                --------------------------------------------------------------------------------------
 Credit........ Present value             Credit spreads (9)                                          
                  techniques                                               98  -     101              
                Consensus pricing         Offered quotes (10)                                         
                --------------------------------------------------------------------------------------
Embedded                                                                                              
 derivatives:                                                                                         
 Direct and     Option pricing            Mortality rates:                                            
  ceded           techniques                  Ages 0 - 40                                             
  guaranteed                                                                                          
  minimum                                                                                             
  benefits.....                                                             0% -    0.10%             
                                              Ages 41 -60                0.04% -    0.65%             
                                              Ages 61 -115               0.26% -     100%             
                                          Lapse rates:                                                
                                              Durations 1 -10            0.50% -     100%             
                                              Durations 11 -20              3% -     100%             
                                              Durations 21 -116             3% -     100%             
                                          Utilization rates                20% -      50%             
                                          Withdrawal rates               0.07% -      10%             
                                          Long-term equity                                            
                                            volatilities                17.40% -      25%             
                                          Nonperformance risk                                         
                                            spread                       0.03% -    0.44%             
                --------------------------------------------------------------------------------------
                                                        [Enlarge/Download Table]

                                                                                                        Impact of    
                                                                            December 31, 2012          Increase in   
                                                                      -----------------------------     Input on     
                                                Significant                                Weighted     Estimated    
                  Valuation Techniques       Unobservable Inputs            Range         Average (1) Fair Value (2) 
                ------------------------- --------------------------  ----------------    ----------- -------------- 
                                                                                                                     
Fixed maturity securities: (3)                                                                                       
 U.S.                                     Delta spread                                                               
  corporate                                 adjustments (4)                                                          
  and foreign                                                                                                        
  corporate.... Matrix pricing                                           (50)  -     500       84       Decrease     
                                          Illiquidity premium (4)          30  -      30       30       Decrease     
                                          Credit spreads (4)          (1,416)  -     830      285       Decrease     
                                          Offered quotes (5)               --  -     178      139       Increase     
                Consensus pricing         Offered quotes (5)               35  -     105       91       Increase     
                -----------------------------------------------------------------------------------------------------
 RMBS.......... Matrix pricing and        Credit spreads (4)                                                         
                  discounted cash flow                                      9  -   2,980      541     Decrease (6)   
                Market pricing            Quoted prices (5)                13  -     100       99     Increase (6)   
                Consensus pricing         Offered quotes (5)               28  -     100       75     Increase (6)   
                -----------------------------------------------------------------------------------------------------
 CMBS.......... Matrix pricing and        Credit spreads (4)                                                         
                  discounted cash flow                                     35  -   4,750      486     Decrease (6)   
                Market pricing            Quoted prices (5)               100  -     104      102     Increase (6)   
                Consensus pricing         Offered quotes (5)                                          Increase (6)   
                -----------------------------------------------------------------------------------------------------
 ABS........... Matrix pricing and        Credit spreads (4)                                                         
                  discounted cash flow                                     --  -   1,829      105     Decrease (6)   
                Market pricing            Quoted prices (5)                40  -     102       99     Increase (6)   
                Consensus pricing         Offered quotes (5)               --  -     111       97     Increase (6)   
                -----------------------------------------------------------------------------------------------------
 Foreign                                  Credit spreads (4)                                                         
  government... Matrix pricing                                            111  -     111      111       Decrease     
                Market pricing            Quoted prices (5)                77  -     101       87       Increase     
                Consensus pricing         Offered quotes (5)               82  -     158      130       Increase     
Derivatives:                                                                                                         
 Interest rate. Present value             Swap yield (7)                                                             
                  techniques                                              186  -     332              Increase (11)  
                -----------------------------------------------------------------------------------------------------
 Foreign                                  Swap yield (7)                                                             
  currency      Present value                                                                                        
  exchange rate   techniques                                              647  -     795              Increase (11)  
                                          Correlation (8)                  43% -      57%                            
                -----------------------------------------------------------------------------------------------------
 Credit........ Present value             Credit spreads (9)                                                         
                  techniques                                              100  -     100              Decrease (9)   
                Consensus pricing         Offered quotes (10)                                                        
                -----------------------------------------------------------------------------------------------------
Embedded                                                                                                             
 derivatives:                                                                                                        
 Direct and     Option pricing            Mortality rates:                                                           
  ceded           techniques                  Ages 0 - 40                                                            
  guaranteed                                                                                                         
  minimum                                                                                                            
  benefits.....                                                             0% -    0.10%             Decrease (12)  
                                              Ages 41 -60                0.05% -    0.64%             Decrease (12)  
                                              Ages 61 -115               0.32% -     100%             Decrease (12)  
                                          Lapse rates:                                                               
                                              Durations 1 -10            0.50% -     100%             Decrease (13)  
                                              Durations 11 -20              3% -     100%             Decrease (13)  
                                              Durations 21 -116             3% -     100%             Decrease (13)  
                                          Utilization rates                20% -      50%             Increase (14)  
                                          Withdrawal rates               0.07% -      10%                     (15)   
                                          Long-term equity                                                           
                                            volatilities                17.40% -      25%             Increase (16)  
                                          Nonperformance risk                                                        
                                            spread                       0.10% -    0.67%             Decrease (17)  
                -----------------------------------------------------------------------------------------------------

--------                                                                        

(1)The weighted average for fixed maturity securities is determined based on    
the estimated fair value of the securities.                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

(2)The impact of a decrease in input would have the opposite impact on the      
  estimated fair value. For embedded derivatives, changes to direct guaranteed
minimum benefits are based on liability positions and changes to ceded    
guaranteed minimum benefits are based on asset positions.                 

(3)Significant increases (decreases) in expected default rates in isolation     
would result in substantially lower (higher) valuations.                  

(4)Range and weighted average are presented in basis points.                    

(5)Range and weighted average are presented in accordance with the market       
convention for fixed maturity securities of dollars per hundred dollars of
par.                                                                      

(6)Changes in the assumptions used for the probability of default is            
  accompanied by a directionally similar change in the assumption used for the
loss severity and a directionally opposite change in the assumptions used 
for prepayment rates.                                                     

(7)Ranges represent the rates across different yield curves and are presented   
in basis points. The swap yield curve is utilized among different types of
 derivatives to project cash flows, as well as to discount future cash flows
to present value. Since this valuation methodology uses a range of inputs 
across a yield curve to value the derivative, presenting a range is more  
representative of the unobservable input used in the valuation.           

(8)Ranges represent the different correlation factors utilized as components    
 within the valuation methodology. Presenting a range of correlation factors
is more representative of the unobservable input used in the valuation.   
Increases (decreases) in correlation in isolation will increase (decrease)
the significance of the change in valuations.                             

(9)Represents the risk quoted in basis points of a credit default event on the  
  underlying instrument. The range being provided is a single quoted spread in
  the valuation model. Credit derivatives with significant unobservable inputs
are primarily comprised of written credit default swaps.                  

(10)At both December 31, 2013 and 2012, independent non-binding broker          
  quotations were used in the determination of less than 1% of the total net
derivative estimated fair value.                                        

(11)Changes are based on long U.S. dollar net asset positions and will be       
inversely impacted for short U.S. dollar net asset positions.           

(12)Mortality rates vary by age and by demographic characteristics such as      
gender. Mortality rate assumptions are based on company experience. A   
 mortality improvement assumption is also applied. For any given contract,
mortality rates vary throughout the period over which cash flows are    
projected for purposes of valuing the embedded derivative.              

(13)Base lapse rates are adjusted at the contract level based on a comparison   
of the actuarially calculated guaranteed values and the current         
policyholder account value, as well as other factors, such as the       
applicability of any surrender charges. A dynamic lapse function reduces
  the base lapse rate when the guaranteed amount is greater than the account
 value as in the money contracts are less likely to lapse. Lapse rates are
also generally assumed to be lower in periods when a surrender charge   
applies. For any given contract, lapse rates vary throughout the period 
over which cash flows are projected for purposes of valuing the embedded
derivative.                                                             

(14)The utilization rate assumption estimates the percentage of contract        
holders with a GMIB or lifetime withdrawal benefit who will elect to    
utilize the benefit upon becoming eligible. The rates may vary by the   

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

  type of guarantee, the amount by which the guaranteed amount is greater than
the account value, the contract's withdrawal history and by the age of the
 policyholder. For any given contract, utilization rates vary throughout the
period over which cash flows are projected for purposes of valuing the    
embedded derivative.                                                      

(15)The withdrawal rate represents the percentage of account balance that any   
  given policyholder will elect to withdraw from the contract each year. The
  withdrawal rate assumption varies by age and duration of the contract, and
also by other factors such as benefit type. For any given contract,     
withdrawal rates vary throughout the period over which cash flows are   
 projected for purposes of valuing the embedded derivative. For GMWBs, any
 increase (decrease) in withdrawal rates results in an increase (decrease)
in the estimated fair value of the guarantees. For GMABs and GMIBs, any 
   increase (decrease) in withdrawal rates results in a decrease (increase) in
the estimated fair value.                                               

(16)Long-term equity volatilities represent equity volatility beyond the period 
for which observable equity volatilities are available. For any given   
   contract, long-term equity volatility rates vary throughout the period over
which cash flows are projected for purposes of valuing the embedded     
derivative.                                                             

(17)Nonperformance risk spread varies by duration and by currency. For any      
  given contract, multiple nonperformance risk spreads will apply, depending
 on the duration of the cash flow being discounted for purposes of valuing
the embedded derivative.                                                

The following is a summary of the valuation techniques and significant      
unobservable inputs used in the fair value measurement of assets and            
liabilities classified within Level 3 that are not included in the preceding    
table. Generally, all other classes of securities classified within Level 3,    
including those within separate account assets and embedded derivatives within  
funds withheld related to certain ceded reinsurance, use the same valuation     
techniques and significant unobservable inputs as previously described for      
Level 3 securities. This includes matrix pricing and discounted cash flow       
methodologies, inputs such as quoted prices for identical or similar securities 
that are less liquid and based on lower levels of trading activity than         
securities classified in Level 2, as well as independent non-binding broker     
quotations. The residential mortgage loans -- FVO and long-term debt of CSEs -- 
FVO are valued using independent non-binding broker quotations and internal     
models including matrix pricing and discounted cash flow methodologies using    
current interest rates. The sensitivity of the estimated fair value to changes  
in the significant unobservable inputs for these other assets and liabilities   
is similar in nature to that described in the preceding table. The valuation    
techniques and significant unobservable inputs used in the fair value           
measurement for the more significant assets measured at estimated fair value on 
a nonrecurring basis and determined using significant unobservable inputs       
(Level 3) are summarized in "--Nonrecurring Fair Value Measurements."           

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

The following tables summarize the change of all assets and (liabilities)   
measured at estimated fair value on a recurring basis using significant         
unobservable inputs (Level 3):                                                  

                                                        [Enlarge/Download Table]

                                             Fair Value Measurements Using Significant Unobservable Inputs (Level 3)    
                                          ------------------------------------------------------------------------------
                                                                    Fixed Maturity Securities:                          
                                          ------------------------------------------------------------------------------
                                                       U.S.                                        State and            
                                            U.S.     Treasury   Foreign                            Political   Foreign  
                                          Corporate and Agency Corporate   RMBS    CMBS    ABS    Subdivision Government
                                          --------- ---------- --------- -------- ------ -------- ----------- ----------
                                                                          (In millions)                                 
                                                                                                                        
Year Ended December 31, 2013:                                                                                           
Balance at January 1,.................... $  5,460    $  71    $  3,054  $  1,702 $  402 $  1,923    $  --      $  282  
Total realized/unrealized gains (losses)                                                                                
 included in:                                                                                                           
 Net income (loss): (1), (2).............                                                                               
   Net investment income.................        2       --           1        30    (1)       --       --           4  
   Net investment gains (losses).........     (37)       --        (22)       (2)     --        4       --           2  
   Net derivative gains (losses).........       --       --          --        --     --       --       --          --  
 OCI.....................................     (36)      (3)           3       140      2     (27)       --        (45)  
Purchases (3)............................    1,188       --         842     1,001    221    1,133       --          69  
Sales (3)................................    (862)      (6)       (646)     (328)   (66)    (429)       --        (37)  
Issuances (3)............................       --       --          --        --     --       --       --          --  
Settlements (3)..........................       --       --          --        --     --       --       --          --  
Transfers into Level 3 (4)...............      717       --         250        41     74        1       --           1  
Transfers out of Level 3 (4).............  (1,163)       --       (284)      (71)  (202)     (79)       --         (2)  
                                          --------    -----    --------  -------- ------ --------    -----      ------  
Balance at December 31,.................. $  5,269    $  62    $  3,198  $  2,513 $  430 $  2,526    $  --      $  274  
                                          ========    =====    ========  ======== ====== ========    =====      ======  
Changes in unrealized gains (losses)                                                                                    
 included in net income (loss): (5)                                                                                     
 Net investment income................... $      1    $  --    $     --  $     35 $  (1) $     --    $  --      $    4  
 Net investment gains (losses)........... $   (40)    $  --    $     --  $    (3) $   -- $     --    $  --      $   --  
 Net derivative gains (losses)........... $     --    $  --    $     --  $     -- $   -- $     --    $  --      $   --  

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                          Fair Value Measurements Using Significant Unobservable Inputs (Level 3)         
                                         -------------------------------------------------------------------------------- 
                                         Equity Securities: Trading and FVO Securities:                                   
                                         -----------------  ---------------------------                                   
                                                    Non-                     FVO                    Residential           
                                                 redeemable  Actively      General                   Mortgage    Separate 
                                         Common  Preferred    Traded       Account      Short-term    Loans -    Account  
                                         Stock     Stock    Securities    Securities    Investments     FVO     Assets (6)
                                         ------  ---------- ----------    ----------    ----------- ----------- ----------
                                                                       (In millions)                                      
                                                                                                                          
Year Ended December 31, 2013:                                                                                             
Balance at January 1,................... $  60     $  281     $   6         $  26         $  252      $   --     $    940 
Total realized/unrealized gains                                                                                           
 (losses) included in:                                                                                                    
 Net income (loss): (1), (2)                                                                                              
  Net investment income.................    --         --        --             5             --           1           -- 
  Net investment gains (losses).........    20       (30)        --             6           (23)          --           42 
  Net derivative gains (losses).........    --         --        --            --             --          --           -- 
 OCI....................................   (5)         84        --            --             19          --           -- 
Purchases (3)...........................     5         17         9            --            174         339          185 
Sales (3)...............................  (31)       (74)        --          (23)          (247)         (2)        (204) 
Issuances (3)...........................    --         --        --            --             --          --           72 
Settlements (3).........................    --         --        --            --             --          --           -- 
Transfers into Level 3 (4)..............     1         --        --            --             --          --          236 
Transfers out of Level 3 (4)............    --         --       (3)            --             --          --         (62) 
                                         -----     ------     -----         -----         ------      ------     -------- 
Balance at December 31,................. $  50     $  278     $  12         $  14         $  175      $  338     $  1,209 
                                         =====     ======     =====         =====         ======      ======     ======== 
Changes in unrealized gains (losses)                                                                                      
 included in net income (loss): (5)                                                                                       
 Net investment income.................. $  --     $   --     $  --         $   5         $   --           1     $     -- 
 Net investment gains (losses).......... $  --     $ (17)     $  --         $  --         $    1          --     $     -- 
 Net derivative gains (losses).......... $  --     $   --     $  --         $  --         $   --          --     $     -- 

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                         Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
                                         -----------------------------------------------------------------------
                                           Net Derivatives: (7)                                                 
                                         -----------------------------                                          
                                                    Foreign                                                     
                                                    Currency                 Net                                
                                         Interest   Exchange              Embedded      Long-term   Long-term   
                                           Rate       Rate     Credit  Derivatives (8)    Debt     Debt of CSEs 
                                         --------   --------   ------  ---------------  ---------  ------------ 
                                                                  (In millions)                                 
                                                                                                                
Year Ended December 31, 2013:                                                                                   
Balance at January 1,...................  $  58      $  37     $  33       $(109)        $    --     $  (44)    
Total realized/unrealized gains(                                                                                
 losses) included in:                                                                                           
 Net income (loss): (1), (2)                                                                                    
  Net investment income.................     --         --        --           --             --          --    
  Net investment gains (losses).........     --         --        --           --             --         (2)    
  Net derivative gains (losses).........    (3)       (24)       (8)          102             --          --    
 OCI....................................   (44)         --        --           --             --          --    
Purchases (3)...........................     --         --        --           --             --          --    
Sales (3)...............................     --         --        --           --             --          --    
Issuances (3)...........................     --         --       (1)           --           (43)          --    
Settlements (3).........................   (12)          1       (1)           55             --          18    
Transfers into Level 3 (4)..............     --         --        --           --             --          --    
Transfers out of Level 3 (4)............     --         --        --           --             --          --    
                                          -----      -----     -----       ------        -------     -------    
Balance at December 31,.................  $ (1)      $  14     $  23       $   48        $  (43)     $  (28)    
                                          =====      =====     =====       ======        =======     =======    
Changes in unrealized gains (losses)                                                                            
 included in net income (loss): (5)                                                                             
 Net investment income..................  $  --      $  --     $  --       $   --        $    --     $    --    
 Net investment gains (losses)..........  $  --      $  --     $  --       $   --        $    --     $   (2)    
 Net derivative gains (losses)..........  $  --      $(24)     $ (5)       $  115        $    --     $    --    

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                            Fair Value Measurements Using Significant Unobservable Inputs (Level 3)    
                                         ------------------------------------------------------------------------------
                                                                   Fixed Maturity Securities:                          
                                         ------------------------------------------------------------------------------
                                                      U.S.                                        State and            
                                           U.S.     Treasury   Foreign                            Political   Foreign  
                                         Corporate and Agency Corporate   RMBS    CMBS    ABS    Subdivision Government
                                         --------- ---------- --------- -------- ------ -------- ----------- ----------
                                                                         (In millions)                                 
                                                                                                                       
Year Ended December 31, 2012:                                                                                          
Balance at January 1,................... $  4,919    $  25    $  2,258  $    691 $  219 $  1,146    $  --      $  291  
Total realized/unrealized gains                                                                                        
 (losses) included in:                                                                                                 
Net income (loss): (1), (2).............                                                                               
  Net investment income.................        7       --           6        27     --        1       --           5  
  Net investment gains (losses).........      (2)       --        (52)       (5)    (7)      (1)       --         (5)  
  Net derivative gains (losses).........       --       --          --        --     --       --       --          --  
 OCI....................................      173       --         142       220    (3)      (3)       --          19  
Purchases (3)...........................    1,282       47       1,213       892    268      953       --           2  
Sales (3)...............................    (848)      (1)       (489)     (242)  (167)    (157)       --        (55)  
Issuances (3)...........................       --       --          --        --     --       --       --          --  
Settlements (3).........................       --       --          --        --     --       --       --          --  
Transfers into Level 3 (4)..............      559       --          99       131    104        4       --          25  
Transfers out of Level 3 (4)............    (630)       --       (123)      (12)   (12)     (20)       --          --  
                                         --------    -----    --------  -------- ------ --------    -----      ------  
Balance at December 31,................. $  5,460    $  71    $  3,054  $  1,702 $  402 $  1,923    $  --      $  282  
                                         ========    =====    ========  ======== ====== ========    =====      ======  
Changes in unrealized gains (losses)                                                                                   
 included in net income (loss): (5)                                                                                    
 Net investment income.................. $      4    $  --    $      5  $     27 $   -- $      1    $  --      $    5  
 Net investment gains (losses).......... $    (3)    $  --    $   (13)  $    (2) $   -- $     --    $  --      $   --  
 Net derivative gains (losses).......... $     --    $  --    $     --  $     -- $   -- $     --    $  --      $   --  

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                Fair Value Measurements Using Significant Unobservable Inputs (Level 3)   
                               -------------------------------------------------------------------------- 
                               Equity Securities:    Trading and FVO Securities:                          
                               -----------------  ---------------------------------                       
                                          Non-                  FVO                                       
                                       redeemable  Actively   General               Residential  Separate 
                               Common  Preferred    Traded    Account   Short-term   Mortgage    Account  
                               Stock     Stock    Securities Securities Investments Loans - FVO Assets (6)
                               ------  ---------- ---------- ---------- ----------- ----------- ----------
                                                             (In millions)                                
                                                                                                          
Year Ended December 31, 2012:                                                                             
Balance at January 1,......... $  104    $  293     $  --      $  14      $  134       $  --     $  1,082 
Total realized/unrealized                                                                                 
 gains (losses) included in:                                                                              
 Net income (loss): (1), (2)..                                                                            
  Net investment income.......     --        --        --         12          --          --           -- 
  Net investment gains                                                                                    
    (losses)..................      7       (1)        --         --          --          --           84 
  Net derivative gains                                                                                    
    (losses)..................     --        --        --         --          --          --           -- 
 OCI..........................    (7)        16        --         --        (19)          --           -- 
Purchases (3).................     10         5         6         --         246          --          171 
Sales (3).....................   (24)      (32)        --         --       (106)          --        (379) 
Issuances (3).................     --        --        --         --          --          --            2 
Settlements (3)...............     --        --        --         --          --          --          (1) 
Transfers into Level 3 (4)....      1        --        --         --           5          --           24 
Transfers out of Level 3 (4)..   (31)        --        --         --         (8)          --         (43) 
                               ------    ------     -----      -----      ------       -----     -------- 
Balance at December 31,....... $   60    $  281     $   6      $  26      $  252       $  --     $    940 
                               ======    ======     =====      =====      ======       =====     ======== 
Changes in unrealized gains                                                                               
 (losses) included in net                                                                                 
 income (loss): (5)                                                                                       
 Net investment income........ $   --    $   --     $  --      $  12      $   --       $  --     $     -- 
 Net investment gains (losses) $  (4)    $   --     $  --      $  --      $   --       $  --     $     -- 
 Net derivative gains (losses) $   --    $   --     $  --      $  --      $   --       $  --     $     -- 

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                          Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
                                         ------------------------------------------------------------------------
                                           Net Derivatives: (7)                                                  
                                         ------------------------------------                                    
                                                      Foreign                                                    
                                                      Currency                      Net                          
                                         Interest     Exchange                   Embedded          Long-term     
                                           Rate         Rate       Credit     Derivatives (8)     Debt of CSEs   
                                         --------     --------     ------     ---------------     ------------   
                                                             (In millions)                                       
                                                                                                                 
Year Ended December 31, 2012:                                                                                    
Balance at January 1,...................  $   67       $   56      $    1        $   (790)          $  (116)     
Total realized/unrealized gains                                                                                  
 (losses) included in:                                                                                           
 Net income (loss): (1), (2)                                                                                     
  Net investment income.................      --           --          --               --                --     
  Net investment gains (losses).........      --           --          --               --               (7)     
  Net derivative gains (losses).........      17         (19)          38              629                --     
 OCI....................................     (1)           --          --               --                --     
Purchases (3)...........................      --           --          --               --                --     
Sales (3)...............................      --           --          --               --                --     
Issuances (3)...........................      --           --         (3)               --                --     
Settlements (3).........................    (25)           --         (3)               52                79     
Transfers into Level 3 (4)..............      --           --          --               --                --     
Transfers out of Level 3 (4)............      --           --          --               --                --     
                                          ------       ------        ------      ---------          --------     
Balance at December 31,.................  $   58       $   37      $   33        $   (109)          $   (44)     
                                          ======       ======        ======      =========          ========     
Changes in unrealized gains (losses)                                                                             
 included in net income (loss): (5)                                                                              
 Net investment income..................  $   --       $   --      $   --        $      --          $     --     
 Net investment gains (losses)..........  $   --       $   --      $   --        $      --          $    (7)     
 Net derivative gains (losses)..........  $   --       $ (19)      $   36        $     636          $     --     

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                            Fair Value Measurements Using Significant Unobservable Inputs (Level 3)    
                                         ------------------------------------------------------------------------------
                                                                   Fixed Maturity Securities:                          
                                         ------------------------------------------------------------------------------
                                                      U.S.                                        State and            
                                           U.S.     Treasury   Foreign                            Political   Foreign  
                                         Corporate and Agency Corporate   RMBS    CMBS    ABS    Subdivision Government
                                         --------- ---------- --------- -------- ------ -------- ----------- ----------
                                                                         (In millions)                                 
                                                                                                                       
Year Ended December 31, 2011:                                                                                          
Balance at January 1,................... $  5,063    $  44    $  2,796  $  1,985 $  161 $  1,514    $   1      $  171  
Total realized/unrealized gains                                                                                        
 (losses) included in:                                                                                                 
 Net income (loss): (1), (2)............                                                                               
  Net investment income.................        4       --           7        10     --        2       --           6  
  Net investment gains (losses).........     (15)       --          16      (10)    (1)     (12)       --          --  
  Net derivative gains (losses).........       --       --          --        --     --       --       --          --  
 OCI....................................      258        2        (24)      (52)     28       42       --          17  
Purchases (3)...........................      789       --         915        78    106      670       --         118  
Sales (3)...............................    (653)      (1)     (1,129)     (127)   (86)    (370)       --        (21)  
Issuances (3)...........................       --       --          --        --     --       --       --          --  
Settlements (3).........................       --       --          --        --     --       --       --          --  
Transfers into Level 3 (4)..............      122       --         155        --     11       11       --          --  
Transfers out of Level 3 (4)............    (649)     (20)       (478)   (1,193)     --    (711)      (1)          --  
                                         --------    -----    --------  -------- ------ --------    -----      ------  
Balance at December 31,................. $  4,919    $  25    $  2,258  $    691 $  219 $  1,146    $  --      $  291  
                                         ========    =====    ========  ======== ====== ========    =====      ======  
Changes in unrealized gains (losses)                                                                                   
 included in net income (loss): (5)                                                                                    
 Net investment income.................. $      4    $  --    $      5  $     11 $   -- $      2    $  --      $    5  
 Net investment gains (losses).......... $   (27)    $  --    $   (22)  $   (10) $   -- $    (9)    $  --      $   --  
 Net derivative gains (losses).......... $     --    $  --    $     --  $     -- $   -- $     --    $  --      $   --  

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                          Fair Value Measurements Using Significant Unobservable Inputs (Level 3)   
                                         -------------------------------------------------------------------------- 
                                                               Trading and FVO                                      
                                         Equity Securities:      Securities:                                        
                                         -----------------  ---------------------                                   
                                                    Non-                  FVO                                       
                                                 redeemable  Actively   General               Residential  Separate 
                                         Common  Preferred    Traded    Account   Short-term   Mortgage    Account  
                                         Stock     Stock    Securities Securities Investments Loans - FVO Assets (6)
                                         ------  ---------- ---------- ---------- ----------- ----------- ----------
                                                                       (In millions)                                
                                                                                                                    
Year Ended December 31, 2011:                                                                                       
Balance at January 1,................... $   79    $  633     $  10      $  50      $  379       $  --     $  1,509 
Total realized/unrealized gains                                                                                     
 (losses) included in:                                                                                              
 Net income (loss): (1), (2)............                                                                            
  Net investment income.................     --        --        --        (6)           1          --           -- 
  Net investment gains (losses).........     11      (45)        --         --         (1)          --          101 
  Net derivative gains (losses).........     --        --        --         --          --          --           -- 
 OCI....................................     11         1        --         --         134          --           -- 
Purchases (3)...........................     22         2        --         --       (379)          --          188 
Sales (3)...............................   (20)     (298)       (8)       (30)          --          --        (482) 
Issuances (3)...........................     --        --        --         --          --          --           -- 
Settlements (3).........................     --        --        --         --          --          --           -- 
Transfers into Level 3 (4)..............      1        --        --         --          --          --           18 
Transfers out of Level 3 (4)............     --        --       (2)         --          --          --        (252) 
                                         ------    ------     -----      -----      ------       -----     -------- 
Balance at December 31,................. $  104    $  293     $  --      $  14      $  134       $  --     $  1,082 
                                         ======    ======     =====      =====      ======       =====     ======== 
Changes in unrealized gains (losses)                                                                                
 included in net income (loss): (5)                                                                                 
 Net investment income.................. $   --    $   --     $  --      $ (6)      $    1       $  --     $     -- 
 Net investment gains (losses).......... $  (6)    $ (16)     $  --      $  --      $  (1)       $  --     $     -- 
 Net derivative gains (losses).......... $   --    $   --     $  --      $  --      $   --       $  --     $     -- 

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Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                          Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
                                         ------------------------------------------------------------------------
                                           Net Derivatives: (7)                                                  
                                         -------------------------------------                                   
                                                      Foreign                                                    
                                                      Currency                       Net           Long-term     
                                         Interest     Exchange                    Embedded          Debt of      
                                           Rate         Rate       Credit      Derivatives (8)       CSEs        
                                         --------     --------     -------     ---------------     ----------    
                                                                        (In millions)                            
                                                                                                                 
Year Ended December 31, 2011:                                                                                    
Balance at January 1,...................  $  (23)     $     46     $    33       $       (382)     $    (184)    
Total realized/unrealized gains                                                                                  
 (losses) included in:                                                                                           
 Net income (loss): (1), (2)                                                                                     
  Net investment income.................       --           --          --                  --             --    
  Net investment gains (losses).........       --           --          --                  --            (8)    
  Net derivative gains (losses).........      (7)           10        (33)               (458)             --    
 OCI....................................      130           --          14                  --             --    
Purchases (3)...........................       --           --          --                  --             --    
Sales (3)...............................       --           --          --                  --             --    
Issuances (3)...........................       --           --         (2)                  --             --    
Settlements (3).........................     (33)           --        (11)                  50             76    
Transfers into Level 3 (4)..............       --           --          --                  --             --    
Transfers out of Level 3 (4)............       --           --          --                  --             --    
                                          -------         --------     -------   -------------         ----------
Balance at December 31,.................  $    67     $     56     $     1       $       (790)     $    (116)    
                                          =======         ========     =======   =============         ==========
Changes in unrealized gains (losses)                                                                             
 included in net income (loss): (5)                                                                              
 Net investment income..................  $    --     $     --     $    --       $          --     $       --    
 Net investment gains (losses)..........  $    --     $     --     $    --       $          --     $      (8)    
 Net derivative gains (losses)..........  $  (13)     $     10     $  (32)       $       (454)     $       --    

--------                                                                        

(1)Amortization of premium/accretion of discount is included within net         
investment income. Impairments charged to net income (loss) on securities 
are included in net investment gains (losses). Lapses associated with net 
embedded derivatives are included in net derivative gains (losses).       

(2)Interest and dividend accruals, as well as cash interest coupons and         
dividends received, are excluded from the rollforward.                    

(3)Items purchased/issued and then sold/settled in the same period are excluded 
from the rollforward. Fees attributed to embedded derivatives are included
in settlements.                                                           

(4)Gains and losses, in net income (loss) and OCI, are calculated assuming      
transfers into and/or out of Level 3 occurred at the beginning of the     
period. Items transferred into and then out of Level 3 in the same period 
are excluded from the rollforward.                                        

(5)Changes in unrealized gains (losses) included in net income (loss) relate to 
assets and liabilities still held at the end of the respective periods.   

(6)Investment performance related to separate account assets is fully offset by 
corresponding amounts credited to contractholders within separate account 
liabilities. Therefore, such changes in estimated fair value are not      
recorded in net income. For the purpose of this disclosure, these changes 
are presented within net investment gains (losses).                       

(7)Freestanding derivative assets and liabilities are presented net for         
purposes of the rollforward.                                              

(8)Embedded derivative assets and liabilities are presented net for purposes of 
the rollforward.                                                          

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Fair Value Option                                                             

The following table presents information for residential mortgage loans,  
which are accounted for under the FVO, and were initially measured at fair    
value.                                                                        

                                                        [Enlarge/Download Table]

                                                                                     December 31,   
                                                                                  ------------------
                                                                                      2013     2012 
                                                                                  ---------- -------
                                                                                    (In millions)   
                                                                                                    
Unpaid principal balance......................................................... $      508 $    --
Difference between estimated fair value and unpaid principal balance.............      (170)      --
                                                                                  ---------- -------
 Carrying value at estimated fair value (1)...................................... $      338 $    --
                                                                                  ========== =======
Loans in non-accrual status...................................................... $       -- $    --
Loans more than 90 days past due................................................. $       81 $    --
Loans in non-accrual status or more than 90 days past due, or both -- difference                    
  between aggregate estimated fair value and unpaid principal balance............ $     (82) $    --

--------                                                                        

(1)Interest income, changes in estimated fair value and gains or losses on      
sales are recognized in net investment income. Changes in estimated fair  
value for these loans were due to the following:                          

                                                        [Enlarge/Download Table]

                                                                        Years Ended December 31,
                                                                        ------------------------
                                                                           2013    2012    2011 
                                                                        -------- ------- -------
                                                                             (In millions)      
                                                                                                
Instrument-specific credit risk based on changes in credit spreads for                          
  non-agency loans and adjustments in individual loan quality.......... $    (1) $    -- $    --
Other changes in estimated fair value..................................        1      --      --
                                                                        -------- ------- -------
 Total gains (losses) recognized in net investment income.............. $     -- $    -- $    --
                                                                        ======== ======= =======

The following table presents information for long-term debt, which is     
accounted for under the FVO, and was initially measured at fair value.        

                                                        [Enlarge/Download Table]

                                             Long-term Debt                  Long-term Debt of CSEs       
                                   ----------------------------------- -----------------------------------
                                   December 31, 2013 December 31, 2012 December 31, 2013 December 31, 2012
                                   ----------------- ----------------- ----------------- -----------------
                                                                (In millions)                             
                                                                                                          
Contractual principal balance.....          $    123           $    --         $      42         $      60
Difference between estimated fair                                                                         
  value and contractual principal                                                                         
  balance.........................               (1)                --              (14)              (16)
                                            --------           -------         ---------         ---------
 Carrying value at estimated fair                                                                         
   value (1)......................          $    122           $    --         $      28         $      44
                                            ========           =======         =========         =========

--------                                                                        

(1)Changes in estimated fair value are recognized in net investment gains       
(losses). Interest expense is recognized in other expenses.               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Nonrecurring Fair Value Measurements                                            

The following table presents information for assets measured at estimated   
fair value on a nonrecurring basis during the periods and still held at the     
reporting dates; that is, they are not measured at fair value on a recurring    
basis but are subject to fair value adjustments only in certain circumstances   
(for example, when there is evidence of impairment). The estimated fair values  
for these assets were determined using significant unobservable inputs (Level   
3).                                                                             

                                                        [Enlarge/Download Table]

                                             At December 31,               Years Ended December 31, 
                                         -------------------------------- --------------------------
                                          2013       2012       2011        2013     2012     2011  
                                          -------    -------    -------   -------- -------- --------
                                         Carrying Value After Measurement       Gains (Losses)      
                                         -------------------------------- --------------------------
                                                           (In millions)                            
                                                                                                    
Mortgage loans, net (1)................. $   175    $   361    $   143    $     24 $   (16) $   (25)
Other limited partnership interests (2). $    71    $    48    $     8    $   (40) $   (30) $    (3)
Real estate joint ventures (3).......... $     2    $     8    $    --    $    (1) $    (4) $     --
Goodwill (4)............................ $    --    $    --    $    --    $     -- $   (10) $     --

--------                                                                        

(1)Estimated fair values for impaired mortgage loans are based on independent   
broker quotations or valuation models using unobservable inputs or, if the
loans are in foreclosure or are otherwise determined to be collateral     
dependent, are based on the estimated fair value of the underlying        
collateral or the present value of the expected future cash flows.        

(2)For these cost method investments, estimated fair value is determined from   
 information provided in the financial statements of the underlying entities
 including NAV data. These investments include private equity and debt funds
  that typically invest primarily in various strategies including domestic and
international leveraged buyout funds; power, energy, timber and           
infrastructure development funds; venture capital funds; and below        
investment grade debt and mezzanine debt funds. Distributions will be     
generated from investment gains, from operating income from the underlying
investments of the funds and from liquidation of the underlying assets of 
the funds. It is estimated that the underlying assets of the funds will be
liquidated over the next two to 10 years. Unfunded commitments for these  
investments at both December 31, 2013 and 2012 were not significant.      

(3)For these cost method investments, estimated fair value is determined from   
 information provided in the financial statements of the underlying entities
  including NAV data. These investments include several real estate funds that
typically invest primarily in commercial real estate and mezzanine debt.  
  Distributions will be generated from investment gains, from operating income
from the underlying investments of the funds and from liquidation of the  
underlying assets of the funds. It is estimated that the underlying assets
of the funds will be liquidated over the next one to 10 years. Unfunded   
commitments for these investments at both December 31, 2013 and 2012 were 
not significant.                                                          

(4)As discussed in Note 11, in 2012, the Company recorded an impairment of      
goodwill associated with the Retail Annuities reporting unit. This        
impairment has been categorized as Level 3 due to the significant         
unobservable inputs used in the determination of the estimated fair value.

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Fair Value of Financial Instruments Carried at Other Than Fair Value            

 The following tables provide fair value information for financial instruments
that are carried on the balance sheet at amounts other than fair value. These   
tables exclude the following financial instruments: cash and cash equivalents,  
accrued investment income, payables for collateral under securities loaned and  
other transactions, short-term debt and those short-term investments that are   
not securities, such as time deposits, and therefore are not included in the    
three level hierarchy table disclosed in the "-- Recurring Fair Value           
Measurements" section. The estimated fair value of the excluded financial       
instruments, which are primarily classified in Level 2 and, to a lesser extent, 
in Level 1, approximates carrying value as they are short-term in nature such   
that the Company believes there is minimal risk of material changes in interest 
rates or credit quality. All remaining balance sheet amounts excluded from the  
table below are not considered financial instruments subject to this disclosure.

 The carrying values and estimated fair values for such financial instruments,
and their corresponding placement in the fair value hierarchy, are summarized   
as follows at:                                                                  

                                                        [Enlarge/Download Table]

                                                           December 31, 2013                        
                                     -------------------------------------------------------------- 
                                                          Fair Value Hierarchy                      
                                     -------------------------------------------------------------- 
                                      Carrying                                       Total Estimated
                                       Value        Level 1     Level 2     Level 3    Fair Value   
                                     ---------- ----------- ----------- -----------  ---------------
                                                             (In millions)                          
                                                                                                    
Assets                                                                                              
Mortgage loans:                                                                                     
  Held-for-investment............... $   45,683   $    --    $      --   $  47,366      $  47,366   
  Held-for-sale.....................          3        --           --           3              3   
                                     ----------   -------    ---------   ---------      ---------   
    Mortgage loans, net............. $   45,686   $    --    $      --   $  47,369      $  47,369   
Policy loans........................ $    8,421   $    --    $     786   $   8,767      $   9,553   
Real estate joint ventures.......... $       47   $    --    $      --   $      70      $      70   
Other limited partnership interests. $      865   $    --    $      --   $   1,013      $   1,013   
Other invested assets............... $    2,017   $    87    $   1,752   $     176      $   2,015   
Premiums, reinsurance and other                                                                     
 receivables........................ $   14,210   $    --    $      15   $  14,906      $  14,921   
Liabilities                                                                                         
PABs................................ $   70,205   $    --    $      --   $  72,236      $  72,236   
Long-term debt...................... $    2,655   $    --    $   2,956   $      --      $   2,956   
Other liabilities................... $   19,601   $    --    $     310   $  19,787      $  20,097   
Separate account liabilities........ $   57,935   $    --    $  57,935   $      --      $  57,935   

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

                                                        [Enlarge/Download Table]

                                                         December 31, 2012                        
                                 -----------------------------------------------------------------
                                                       Fair Value Hierarchy                       
                                 -----------------------------------------------------------------
                                  Carrying                                         Total Estimated
                                   Value         Level 1      Level 2      Level 3   Fair Value   
                                 ----------- ----------- ------------- ----------- ---------------
                                                         (In millions)                            
                                                                                                  
Assets                                                                                            
Mortgage loans:                                                                                   
  Held-for-investment........... $    44,657 $        --  $        --  $    47,365   $    47,365  
  Held-for-sale.................          --          --           --           --            --  
                                 ----------- -----------  -----------  -----------   -----------  
    Mortgage loans, net......... $    44,657 $        --  $        --  $    47,365   $    47,365  
Policy loans.................... $     8,364 $        --  $       793  $     9,470   $    10,263  
Real estate joint ventures...... $        52 $        --  $        --  $        68   $        68  
Other limited partnership                                                                         
 interests...................... $     1,048 $        --  $        --  $     1,161   $     1,161  
Other invested assets........... $     2,014 $        93  $     1,885  $       152   $     2,130  
Premiums, reinsurance and other                                                                   
 receivables.................... $    14,172 $        --  $        37  $    15,129   $    15,166  
Liabilities                                                                                       
PABs............................ $    71,611 $        --  $        --  $    75,189   $    75,189  
Long-term debt.................. $     2,276 $        --  $     2,713  $        --   $     2,713  
Other liabilities............... $    19,865 $        --  $       171  $    20,488   $    20,659  
Separate account liabilities.... $    51,985 $        --  $    51,985  $        --   $    51,985  

 The methods, assumptions and significant valuation techniques and inputs used
to estimate the fair value of financial instruments are summarized as follows:  

Mortgage Loans                                                                

Mortgage loans held-for-investment                                          

 For mortgage loans held-for-investment, estimated fair value is primarily
determined by estimating expected future cash flows and discounting them    
using current interest rates for similar mortgage loans with similar credit 
risk, or is determined from pricing for similar loans.                      

Mortgage loans held-for-sale For mortgage loans held-for-sale, estimated
fair value is determined using independent non-binding broker quotations or 
internal valuation models using significant unobservable inputs.            

Policy Loans                                                                  

Policy loans with fixed interest rates are classified within Level 3. The 
estimated fair values for these loans are determined using a discounted cash  
flow model applied to groups of similar policy loans determined by the nature 
of the underlying insurance liabilities. Cash flow estimates are developed by 
applying a weighted-average interest rate to the outstanding principal balance
of the respective group of policy loans and an estimated average maturity     
determined through experience studies of the past performance of policyholder 
repayment behavior for similar loans. These cash flows are discounted using   
current risk-free interest rates with no adjustment for borrower credit risk  
as these loans are fully collateralized by the cash surrender value of the    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

underlying insurance policy. Policy loans with variable interest rates are    
classified within Level 2 and the estimated fair value approximates carrying  
value due to the absence of borrower credit risk and the short time period    
between interest rate resets, which presents minimal risk of a material change
in estimated fair value due to changes in market interest rates.              

Real Estate Joint Ventures and Other Limited Partnership Interests            

The estimated fair values of these cost method investments are generally  
based on the Company's share of the NAV as provided in the financial          
statements of the investees. In certain circumstances, management may adjust  
the NAV by a premium or discount when it has sufficient evidence to support   
applying such adjustments.                                                    

Other Invested Assets                                                         

These other invested assets are principally comprised of loans to         
affiliates. The estimated fair value of loans to affiliates is determined by  
discounting the expected future cash flows using market interest rates        
currently available for instruments with similar terms and remaining          
maturities.                                                                   

Premiums, Reinsurance and Other Receivables                                   

Premiums, reinsurance and other receivables are principally comprised of  
certain amounts recoverable under reinsurance agreements, amounts on deposit  
with financial institutions to facilitate daily settlements related to certain
derivatives and amounts receivable for securities sold but not yet settled.   

Amounts recoverable under ceded reinsurance agreements, which the Company 
has determined do not transfer significant risk such that they are accounted  
for using the deposit method of accounting, have been classified as Level 3.  
The valuation is based on discounted cash flow methodologies using significant
unobservable inputs. The estimated fair value is determined using interest    
rates determined to reflect the appropriate credit standing of the assuming   
counterparty.                                                                 

The amounts on deposit for derivative settlements, classified within Level
2, essentially represent the equivalent of demand deposit balances and amounts
due for securities sold are generally received over short periods such that   
the estimated fair value approximates carrying value.                         

PABs                                                                          

 These PABs include investment contracts. Embedded derivatives on investment
contracts and certain variable annuity guarantees accounted for as embedded   
derivatives are excluded from this caption in the preceding tables as they are
separately presented in "-- Recurring Fair Value Measurements."               

  The investment contracts primarily include certain funding agreements, fixed
deferred annuities, modified guaranteed annuities, fixed term payout annuities
and total control accounts. The valuation of these investment contracts is    
based on discounted cash flow methodologies using significant unobservable    
inputs. The estimated fair value is determined using current market risk-free 
interest rates adding a spread to reflect the nonperformance risk in the      
liability.                                                                    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

10. Fair Value (continued)                                                      

Long-term Debt                                                                

 The estimated fair values of long-term debt is principally determined using
market standard valuation methodologies. Valuations are based primarily on    
quoted prices in markets that are not active or using matrix pricing that use 
standard market observable inputs such as quoted prices in markets that are   
not active and observable yields and spreads in the market. Instruments valued
using discounted cash flow methodologies use standard market observable inputs
including market yield curve, duration, observable prices and spreads for     
similar publicly traded or privately traded issues.                           

Capital leases, which are not required to be disclosed at estimated fair  
value, and debt carried at fair value are excluded from the preceding tables. 

Other Liabilities                                                             

Other liabilities consist primarily of interest payable, amounts due for  
securities purchased but not yet settled, funds withheld amounts payable,     
which are contractually withheld by the Company in accordance with the terms  
of the reinsurance agreements, and amounts payable under certain assumed      
reinsurance agreements, which are recorded using the deposit method of        
accounting. The Company evaluates the specific terms, facts and circumstances 
of each instrument to determine the appropriate estimated fair values, which  
are not materially different from the carrying values, with the exception of  
certain deposit type reinsurance payables. For such payables, the estimated   
fair value is determined as the present value of expected future cash flows,  
which are discounted using an interest rate determined to reflect the         
appropriate credit standing of the assuming counterparty.                     

Separate Account Liabilities                                                  

Separate account liabilities represent those balances due to policyholders
under contracts that are classified as investment contracts.                  

Separate account liabilities classified as investment contracts primarily 
represent variable annuities with no significant mortality risk to the Company
such that the death benefit is equal to the account balance, funding          
agreements related to group life contracts and certain contracts that provide 
for benefit funding.                                                          

Since separate account liabilities are fully funded by cash flows from the
separate account assets which are recognized at estimated fair value as       
described in the section "-- Recurring Fair Value Measurements," the value of 
those assets approximates the estimated fair value of the related separate    
account liabilities. The valuation techniques and inputs for separate account 
liabilities are similar to those described for separate account assets.       

11. Goodwill                                                                    

Goodwill, which is included in other assets, is the excess of cost over the 
estimated fair value of net assets acquired. Goodwill is not amortized but is   
tested for impairment at least annually or more frequently if events or         
circumstances, such as adverse changes in the business climate, indicate that   
there may be justification for conducting an interim test. Step 1 of the        
goodwill impairment process requires a comparison of the fair value of a        
reporting unit to its carrying value. In performing the Company's goodwill      
impairment tests, the estimated fair                                            

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

11. Goodwill (continued)                                                        

values of the reporting units are first determined using a market multiple      
valuation approach. When further corroboration is required, the Company uses a  
discounted cash flow valuation approach. For reporting units which are          
particularly sensitive to market assumptions, the Company may use additional    
valuation methodologies to estimate the reporting units' fair values.           

 The market multiple valuation approach utilizes market multiples of companies
with similar businesses and the projected operating earnings of the reporting   
unit. The discounted cash flow valuation approach requires judgments about      
revenues, operating earnings projections, capital market assumptions and        
discount rates. The key inputs, judgments and assumptions necessary in          
determining estimated fair value of the reporting units include projected       
operating earnings, current book value, the level of economic capital required  
to support the mix of business, long-term growth rates, comparative market      
multiples, the account value of in-force business, projections of new and       
renewal business, as well as margins on such business, the level of interest    
rates, credit spreads, equity market levels, and the discount rate that the     
Company believes is appropriate for the respective reporting unit.              

The valuation methodologies utilized are subject to key judgments and       
assumptions that are sensitive to change. Estimates of fair value are           
inherently uncertain and represent only management's reasonable expectation     
regarding future developments. These estimates and the judgments and            
assumptions upon which the estimates are based will, in all likelihood, differ  
in some respects from actual future results. Declines in the estimated fair     
value of the Company's reporting units could result in goodwill impairments in  
future periods which could materially adversely affect the Company's results of 
operations or financial position.                                               

During the 2013 annual goodwill impairment tests, the Company concluded that
the fair values of all reporting units were in excess of their carrying values  
and, therefore, goodwill was not impaired.                                      

Information regarding goodwill by segment, as well as Corporate & Other, was
as follows:                                                                     

                                                                [Download Table]

                                          Group,                                  
                                        Voluntary & Corporate                     
                                         Worksite    Benefit  Corporate           
                               Retail    Benefits    Funding   & Other     Total  
                              --------- ----------- --------- ---------  ---------
                                                 (In millions)                    
                                                                                  
Balance at January 1, 2012                                                        
Goodwill..................... $      37   $    68    $     2   $     4   $     111
Accumulated impairment.......        --        --         --        --          --
                              ---------   -------    -------   -------   ---------
  Total goodwill, net........ $      37   $    68    $     2   $     4   $     111

Impairments (1).............. $    (10)   $    --    $    --   $    --   $    (10)

Balance at December 31, 2012                                                      
Goodwill..................... $      37   $    68    $     2   $     4   $     111
Accumulated impairment.......      (10)        --         --        --        (10)
                              ---------   -------    -------   -------   ---------
  Total goodwill, net........ $      27   $    68    $     2   $     4   $     101
Balance at December 31, 2013                                                      
Goodwill.....................        37        68          2         4         111
Accumulated impairment.......      (10)        --         --        --        (10)
                              ---------   -------    -------   -------   ---------
  Total goodwill, net........ $      27   $    68    $     2   $     4   $     101
                              =========   =======    =======   =======   =========

--------                                                                        

(1)For the year ended December 31, 2012, a non-cash charge of $10 million,      
 which had no impact on income taxes, was recorded in other expenses for the
  impairment of the entire goodwill balance for the Retail Annuities reporting
unit.                                                                     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Long-term and Short-term Debt                                               

Long-term and short-term debt outstanding was as follows:                   

                                                                [Download Table]

                                  Interest Rates (1)                                
                                ----------------------                              
                                                                     December 31,   
                                              Weighted             -----------------
                                    Range     Average   Maturity     2013     2012  
                                ------------- -------- ----------- -------- --------
                                                                     (In millions)  
                                                                                    
Surplus notes -- affiliated.... 3.00% - 7.38%  6.51%   2014 - 2037 $  1,100 $  1,099
Surplus notes.................. 7.63% - 7.88%  7.84%   2015 - 2025      701      700
Mortgage loans -- affiliated... 2.12% - 7.26%  5.38%   2015 - 2020      364      306
Senior notes -- affiliated (2). 0.93% - 2.86%  2.07%   2021 - 2022       79       80
Other notes (3)................ 1.39% - 8.00%  3.06%   2014 - 2027      533       91
Capital lease obligations......                                          23       25
                                                                   -------- --------
Total long-term debt (4).......                                       2,800    2,301
Total short-term debt..........                                         175      100
                                                                   -------- --------
Total..........................                                    $  2,975 $  2,401
                                                                   ======== ========

--------                                                                        

(1)Range of interest rates and weighted average interest rates are for the year 
ended December 31, 2013.                                                  

(2)During 2012, a consolidated VIE issued $80 million of long-term debt to an   
affiliate. See Note 8.                                                    

(3)The Company consolidated an open ended core real estate fund formed in the   
fourth quarter of 2013. During 2013, this consolidated VIE issued $373    
million of long-term debt. See Note 8.                                    

(4)Excludes $28 million and $44 million of long-term debt relating to CSEs at   
December 31, 2013 and 2012, respectively. See Note 8.                     

The aggregate maturities of long-term debt at December 31, 2013 for the next
five years and thereafter are $258 million in 2014, $530 million in 2015, $5    
million in 2016, $65 million in 2017, $37 million in 2018 and $1.9 billion      
thereafter.                                                                     

Capital lease obligations and mortgage loans are collateralized and rank    
highest in priority, followed by unsecured senior debt which consists of senior 
notes and other notes. Payments of interest and principal on the Company's      
surplus notes are subordinate to all other obligations. Payments of interest    
and principal on surplus notes may be made only with the prior approval of the  
insurance department of the state of domicile.                                  

Certain of the Company's debt instruments, and its credit and committed     
facilities, contain various administrative, reporting, legal and financial      
covenants. The Company believes it was in compliance with all such covenants at 
December 31, 2013.                                                              

Surplus Notes - Affiliated                                                      

In April 2011, Metropolitan Life Insurance Company repaid in cash a $775    
million surplus note issued to MetLife, Inc., with an original maturity of      
December 2011. The early redemption was approved by the Superintendent.         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Long-term and Short-term (continued)                                        

Capital Notes - Affiliated                                                      

In December 2011, Metropolitan Life Insurance Company repaid in cash $500   
million of capital notes issued to MetLife, Inc.                                

Mortgage Loans - Affiliated                                                     

 In December 2011, a wholly-owned real estate subsidiary of the Company issued
a mortgage loan for $110 million to MICC. This affiliated mortgage loan is      
secured by real estate held by the subsidiary for investment. This mortgage     
loan bears interest at a rate of one-month LIBOR plus 1.95%, which is payable   
quarterly through maturity in 2015.                                             

Short-term Debt                                                                 

Short-term debt with maturities of one year or less was as follows:         

                                                                [Download Table]

                              December 31,     
                          ---------------------
                             2013       2012   
                          ---------- ----------
                              (In millions)    
                                               
Commercial paper......... $      175 $      100
Average daily balance.... $      103 $      119
Average days outstanding.    55 days    40 days

 During the years ended December 31, 2013, 2012 and 2011, the weighted average
interest rate on short-term debt was 0.12%, 0.17% and 0.16%, respectively.      

Interest Expense                                                                

Interest expense related to long-term and short-term debt included in other 
expenses was $150 million, $148 million and $185 million for the years ended    
December 31, 2013, 2012 and 2011, respectively. These amounts include $91       
million, $89 million and $125 million of interest expense related to affiliated 
debt for the years ended December 31, 2013, 2012 and 2011, respectively. Such   
amounts do not include interest expense on long-term debt related to CSEs. See  
Note 8.                                                                         

Credit and Committed Facilities                                                 

The Company maintains unsecured credit facilities and a committed facility, 
which aggregated $4.0 billion and $500 million, respectively, at December 31,   
2013. When drawn upon, these facilities bear interest at varying rates in       
accordance with the respective agreements.                                      

Credit Facilities                                                             

 The unsecured credit facilities are used for general corporate purposes, to
support the borrowers' commercial paper program and for the issuance of       
letters of credit. Total fees expensed associated with these credit facilities

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

12. Long-term and Short-term (continued)                                        

were $3 million, $3 million and $6 million for the years ended December 31,   
2013, 2012 and 2011, respectively, and are included in other expenses.        
Information on these credit facilities at December 31, 2013 was as follows:   

                                                        [Enlarge/Download Table]

                                                         Letters of                      
                                                           Credit               Unused   
Borrower(s)                    Expiration      Capacity  Issued(1)  Drawdowns Commitments
-------------------------- ------------------ ---------- ---------- --------- -----------
                                                             (In millions)               
                                                                                         
MetLife, Inc. and MetLife                                                                
  Funding, Inc............ September 2017 (2) $    1,000  $     59   $    --  $      941 
MetLife, Inc. and MetLife                                                                
  Funding, Inc............    August 2016 (3)      3,000       133        --       2,867 
                                              ----------  --------   -------  ---------- 
 Total....................                    $    4,000  $    192   $    --  $    3,808 
                                              ==========  ========   =======  ========== 

--------                                                                        

(1)MetLife, Inc. and MetLife Funding, Inc., a wholly owned subsidiary of        
Metropolitan Life Insurance Company, are severally liable for their       
respective obligations under such unsecured credit facilities. MetLife    
 Funding, Inc. is not an applicant under letters of credit outstanding as of
December 31, 2013 and is not responsible for any reimbursement obligations
under such letters of credit.                                             
(2)In September 2012, MetLife, Inc. and MetLife Funding, Inc. entered into a    
$1.0 billion five-year credit agreement which amended and restated the    
three-year agreement dated October 2010. All borrowings under the 2012    
five-year credit agreement must be repaid by September 2017, except that  
letters of credit outstanding on that date may remain outstanding until no
 later than September 2018. The Company incurred costs of $2 million related
  to the amended and restated credit facility, which have been capitalized and
  included in other assets. These costs are being amortized over the remaining
term of the amended and restated credit facility.                         
(3)In October 2013, availability under the unsecured credit facilities          
  increased by $1.9 billion, as MetLife, Inc. no longer required and therefore
canceled $1.9 billion of outstanding letters of credit. See Note 20.      

Committed Facility                                                            

The committed facility is used for collateral for certain of the Company's
affiliated reinsurance liabilities. Total fees expensed associated with this  
committed facility were $3 million for each of the years ended December 31,   
2013, 2012 and 2011 and are included in other expenses. Information on the    
committed facility at December 31, 2013 was as follows:                       

                                                        [Enlarge/Download Table]

                                                                 Letters                       
                                                                of Credit             Unused   
Account Party/Borrower(s)                   Expiration Capacity Issued(1) Drawdowns Commitments
------------------------------------------- ---------- -------- --------- --------- -----------
                                                               (In millions)                   
                                                                                               
Exeter Reassurance Company, Ltd., MetLife,                                                     
  Inc. & Missouri Reinsurance, Inc......... June 2016   $  500   $  490    $    --   $      10 

--------                                                                        

(1)Missouri Reinsurance, Inc., a subsidiary of Metropolitan Life Insurance      
Company, had outstanding $490 million in letters of credit at December 31,
2013.                                                                     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity                                                                      

Capital Contributions                                                           

During the year ended December 31, 2011, United MetLife Insurance Company   
Limited ("United"), an insurance underwriting joint venture of the Company      
accounted for under the equity method, merged with Sino-US MetLife Insurance    
Company Limited ("Sino"), another insurance underwriting joint venture of an    
affiliate of the Company. The Company's ownership interest in the merged        
entity, Sino-US United MetLife Insurance Company Limited ("Sino-United") was    
determined based on its contributed capital and share of undistributed earnings 
of United compared to the contributed capital and undistributed earnings of all 
other owners of United and Sino. Since both of the joint ventures were under    
common ownership both prior to and subsequent to the merger, the Company's      
investment in Sino-United is based on the carrying value of its investment in   
United. Pursuant to the merger, the Company entered into an agreement whereby   
the affiliate will pay an amount to the Company based on the relative fair      
values of their respective investments in Sino-United. Accordingly, upon        
completion of the estimation of fair value, $47 million, representing a capital 
contribution, was received during the year ended December 31, 2011. The         
Company's investment in Sino-United is accounted for under the equity method    
and is included in other invested assets.                                       

During each of the years ended December 31, 2013, 2012 and 2011, MetLife,   
Inc. contributed $3 million in the form of payment of line of credit fees on    
the Company's behalf.                                                           

Stock-Based Compensation Plans                                                  

Overview                                                                      

  The stock-based compensation expense recognized by the Company is related to
awards payable in shares of MetLife, Inc. common stock ("Shares"), or options 
to purchase MetLife, Inc. common stock. The Company does not issue any awards 
payable in its common stock or options to purchase its common stock.          

Description of Plans for Employees and Agents -- General Terms                

The MetLife, Inc. 2000 Stock Incentive Plan, as amended (the "2000 Stock  
Plan") authorized the granting of awards to employees and agents in the form  
of options ("Stock Options") to buy Shares that either qualify as incentive   
Stock Options under Section 422A of the Code or are non-qualified. By         
December 31, 2009, all awards under the 2000 Stock Plan had either vested or  
been forfeited. No awards have been made under the 2000 Stock Plan since 2005.

Under the MetLife, Inc. 2005 Stock and Incentive Compensation Plan (the   
"2005 Stock Plan"), awards granted to employees and agents may be in the form 
of Stock Options, Stock Appreciation Rights, Restricted Stock or Restricted   
Stock Units, Performance Shares or Performance Share Units, Cash-Based Awards 
and Stock-Based Awards (each as defined in the 2005 Stock Plan with reference 
to Shares).                                                                   

 The aggregate number of shares authorized for issuance under the 2005 Stock
Plan is 68,000,000, plus those shares available but not utilized under the    
2000 Stock Plan and those shares utilized under the 2000 Stock Plan that are  
recovered due to forfeiture of Stock Options. Each share issued under the 2005
Stock Plan in connection with a Stock Option or Stock Appreciation Right      
reduces the number of Shares remaining for issuance under that plan by one,   
and each Share issued under the 2005 Stock Plan in connection with awards     
other than Stock                                                              

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

Options or Stock Appreciation Rights reduces the number of Shares remaining   
for issuance under that plan by 1.179 Shares. At December 31, 2013, the       
aggregate number of Shares remaining available for issuance pursuant to the   
2005 Stock Plan was 20,098,440. Stock Option exercises and other awards       
settled in Shares are satisfied through the issuance of Shares held in        
treasury by MetLife, Inc. or by the issuance of new Shares.                   

Of MetLife, Inc.'s stock-based compensation expense for the years ended   
December 31, 2013, 2012, and 2011, 69%, 76% and 70%, respectively, was        
allocated to the Company. No expense amounts related to stock-based awards to 
MetLife, Inc. non-management directors were allocated to the Company. This    
allocation represents substantially all stock-based compensation recognized in
the Company's consolidated results of operations. Accordingly, this discussion
addresses MetLife, Inc.'s practices for recognizing expense for awards under  
the 2000 Stock Plan and 2005 Stock Plan (together, the "Incentive Plans").    
References to compensation expense in this note refer to the Company's        
allocated portion of that expense. All other references relevant to awards    
under the Incentive Plans pertain to all awards under those plans.            

Compensation expense related to awards under the 2005 Stock Plan is       
recognized based on the number of awards expected to vest, which represents   
the awards granted less expected forfeitures over the life of the award, as   
estimated at the date of grant. Unless a material deviation from the assumed  
forfeiture rate is observed during the term in which the awards are expensed, 
any adjustment necessary to reflect differences in actual experience is       
recognized in the period the award becomes payable or exercisable.            

Compensation expense related to awards under the 2005 Stock Plan is       
principally related to the issuance of Stock Options, Performance Shares and  
Restricted Stock Units. The majority of the awards granted by MetLife, Inc.   
 each year under the 2005 Stock Plan are made in the first quarter of each year.

Compensation Expense Related to Stock-Based Compensation                      

The components of compensation expense related to stock-based compensation
were as follows:                                                              

                                                                [Download Table]

                             Years Ended December 31, 
                            --------------------------
                              2013     2012     2011  
                            -------- -------- --------
                                  (In millions)       
                                                      
Stock Options.............. $     36 $     52 $     48
Performance Shares (1).....       44       53       37
Restricted Stock Units.....       42       22       15
                            -------- -------- --------
Total compensation expense. $    122 $    127 $    100
                            ======== ======== ========
Income tax benefit......... $     43 $     44 $     35
                            ======== ======== ========

--------                                                                        

(1)Performance Shares expected to vest and the related compensation expenses    
may be further adjusted by the performance factor most likely to be       
 achieved, as estimated by management, at the end of the performance period.

At December 31, 2013, the Company's allocated portion of expense for Stock
Options, Performance Shares and Restricted Stock Units was 91%, 48% and 92%,  
respectively.                                                                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

  The following table presents MetLife, Inc.'s total unrecognized compensation
expense related to stock-based compensation and the expected weighted average 
period over which these expenses will be recognized at:                       

                                                                [Download Table]

                              December 31, 2013       
                        ------------------------------
                                      Weighted Average
                           Expense         Period     
                        ------------- ----------------
                        (In millions)     (Years)     
                                                      
Stock Options..........  $        25        1.27      
Performance Shares.....  $        61        1.71      
Restricted Stock Units.  $        42        1.88      

Equity Awards                                                                 

Stock Options                                                               

  Stock Options are the contingent right of award holders to purchase Shares
at a stated price for a limited time. All Stock Options have an exercise    
price equal to the closing price of a Share reported on the New York Stock  
Exchange on the date of grant, and have a maximum term of 10 years. The vast
 majority of Stock Options granted have become or will become exercisable at a
rate of one-third of each award on each of the first three anniversaries of 
 the grant date. Other Stock Options have become or will become exercisable on
the third anniversary of the grant date. Vesting is subject to continued    
service, except for employees who are retirement eligible and in certain    
other limited circumstances.                                                

A summary of the activity related to Stock Options was as follows:      

                                                        [Enlarge/Download Table]

                                                                                     Weighted                
                                                                                      Average                
                                                                                     Remaining    Aggregate  
                                                      Shares Under Weighted Average Contractual   Intrinsic  
                                                         Option     Exercise Price     Term       Value (1)  
                                                      ------------ ---------------- ----------- -------------
                                                                                      (Years)   (In millions)
                                                                                                             
Outstanding at January 1, 2013.......................  35,153,071     $    40.89       5.50         $      51
Granted..............................................   1,310,019     $    35.96                             
Exercised............................................ (6,357,522)     $    31.80                             
Expired..............................................   (183,662)     $    50.46                             
Forfeited............................................   (170,530)     $    39.86                             
                                                      ------------                                           
Outstanding at December 31, 2013.....................  29,751,376     $    42.56       5.19         $     379
                                                      ============ ================ =========== =============
Expected to vest at a future date as of December 31,                                                         
  2013...............................................  29,536,674     $    42.60       5.16         $     376
                                                      ============ ================ =========== =============
Exercisable at December 31, 2013.....................  22,786,277     $    43.56        4.32        $     277
                                                      ============ ================ =========== =============

--------                                                                        

(1)The aggregate intrinsic value was computed using the closing Share price on  
 December 31, 2013 of $53.92 and December 31, 2012 of $32.94, as applicable.

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

 The fair value of Stock Options is estimated on the date of grant using a
binomial lattice model. Significant assumptions used in MetLife, Inc.'s     
binomial lattice model are further described below. The assumptions include:
expected volatility of the price of Shares; risk-free rate of return;       
 dividend yield on Shares; exercise multiple; and the post-vesting termination
rate.                                                                       

Expected volatility is based upon an analysis of historical prices of   
Shares and call options on Shares traded on the open market. MetLife, Inc.  
uses a weighted-average of the implied volatility for publicly-traded call  
options with the longest remaining maturity nearest to the money as of each 
valuation date and the historical volatility, calculated using monthly      
closing prices of Shares. MetLife, Inc. chose a monthly measurement interval
 for historical volatility as this interval reflects MetLife, Inc.'s view that
employee option exercise decisions are based on longer-term trends in the   
price of the underlying Shares rather than on daily price movements.        

The binomial lattice model used by MetLife, Inc. incorporates different 
risk-free rates based on the imputed forward rates for U.S. Treasury Strips 
for each year over the contractual term of the option. The table below      
presents the full range of rates that were used for options granted during  
the respective periods.                                                     

Dividend yield is determined based on historical dividend distributions 
compared to the price of the underlying Shares as of the valuation date and 
held constant over the life of the Stock Option.                            

The binomial lattice model used by MetLife, Inc. incorporates the       
contractual term of the Stock Options. The model also factors in expected   
exercise behavior and a post-vesting termination rate, or the rate at which 
vested options are exercised or expire prematurely due to termination of    
employment. From these factors, the model derives an expected life of the   
Stock Option. The exercise behavior in the model is a multiple that reflects
the ratio of exercise price to the strike price of the Stock Option at which
holders are expected to exercise. The exercise multiple is derived from     
actual historical exercise activity. The post-vesting termination rate is   
 determined from actual historical exercise experience and expiration activity
under the Incentive Plans.                                                  

The following table presents the weighted average assumptions, with the 
 exception of risk-free rate, which is expressed as a range, used to determine
the fair value of Stock Options issued:                                     

                                                        [Enlarge/Download Table]

                                                               Years Ended December 31,      
                                                          -----------------------------------
                                                             2013        2012        2011    
                                                          ----------- ----------- -----------
                                                                                             
Dividend yield...........................................    2.13%       1.95%       1.65%   
Risk-free rate of return................................. 0.16%-3.89% 0.21%-4.17% 0.29%-5.51%
Expected volatility......................................   32.98%      35.59%      32.64%   
Exercise multiple........................................    1.51        1.58        1.69    
Post-vesting termination rate............................    3.16%       3.14%       3.36%   
Contractual term (years).................................     10          10          10     
Expected life (years)....................................      7           7           7     
Weighted average exercise price of stock options granted.   $35.96      $37.91      $45.16   
Weighted average fair value of stock options granted.....    $9.88      $11.33      $14.27   

   MetLife, Inc. deducts 35% of the compensation amount of a Stock Option from
its income on its tax return. The compensation amount is the price of shares
on the date the Stock Option is exercised less the exercise                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

 price of the Stock Option. This tax benefit is allocated to the subsidiary of
MetLife, Inc. that is the current or former employer of the associate, or is
or was the principal for the non-employee insurance agent, who exercised the
Stock Option.                                                               

The following table presents a summary of Stock Option exercise activity:   

                                                                [Download Table]

                                                          Years Ended December 31, 
                                                          -------------------------
                                                            2013     2012    2011  
-                                                         -------- -------- -------
                                                                (In millions)      
                                                                                   
Total intrinsic value of stock options exercised......... $     79 $     29 $    41
Cash received from exercise of stock options............. $    202 $    109 $    88
Income tax benefit realized from stock options exercised. $     28 $     10 $    13

Performance Shares                                                          

Performance Shares are units that, if they vest, are multiplied by a    
performance factor to produce a number of final Performance Shares which are
 payable in Shares. Performance Shares are accounted for as equity awards, but
are not credited with dividend-equivalents for actual dividends paid on     
Shares during the performance period. Performance Share awards normally vest
 in their entirety at the end of the three-year performance period. Vesting is
subject to continued service, except for employees who are retirement       
eligible and in certain other limited circumstances.                        

For awards granted prior to the January 1, 2013 - December 31, 2015     
 performance period, vested Performance Shares are multiplied by a performance
factor of 0.0 to 2.0 based on MetLife, Inc.'s adjusted income, total        
shareholder return, and performance in change in annual net operating       
earnings and total shareholder return compared to the performance of its    
competitors, each measured with respect to the applicable three-year        
performance period or portions thereof. The estimated fair value of         
Performance Shares is based upon the closing price of a Share on the date of
 grant, reduced by the present value of estimated dividends to be paid on that
stock during the performance period. The performance factor for the         
January 1, 2010 - December 31, 2012 performance period was 0.92.            

  For the January 1, 2013 - December 31, 2015 performance period, the vested
Performance Shares will be multiplied by a performance factor of 0.00 to    
 1.75. Assuming that MetLife, Inc. has met threshold performance goals related
to its adjusted income or total shareholder return, the MetLife, Inc.       
Compensation Committee will determine the performance factor in its         
discretion. In doing so, the Compensation Committee may consider MetLife,   
Inc.'s total shareholder return relative to the performance of its          
competitors and MetLife, Inc.'s operating return on equity relative to its  
financial plan. The estimated fair value of Performance Shares will be      
remeasured each quarter until they become payable.                          

Restricted Stock Units                                                      

Restricted Stock Units are units that, if they vest, are payable in an  
equal number of Shares. Restricted Stock Units are accounted for as equity  
awards and are not credited with dividend-equivalents for dividends paid on 
Shares. Accordingly, the estimated fair value of Restricted Stock Units is  
based upon the closing price of Shares on the date of grant, reduced by the 
present value of estimated dividends to be paid on that stock.              

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

   The vast majority of Restricted Stock Units normally vest in their entirety
on the third anniversary of their grant date. Other Restricted Stock Units  
 normally vest in thirds on the first three anniversaries of their grant date,
and others vest in their entirety on the fifth anniversary of their grant   
date. Vesting is subject to continued service, except for employees who are 
retirement eligible and in certain other limited circumstances.             

  The following table presents a summary of Performance Share and Restricted
Stock Unit activity:                                                        

                                                        [Enlarge/Download Table]

                                                        Performance Shares   Restricted Stock Units
                                                      ---------------------- ----------------------
                                                                   Weighted              Weighted  
                                                                   Average               Average   
                                                                  Grant Date            Grant Date 
                                                        Shares    Fair Value   Units    Fair Value 
                                                      ----------- ---------- ---------  ---------- 
                                                                                                   
Outstanding at January 1, 2013.......................   4,822,028 $    36.93 2,080,148  $    36.55 
Granted..............................................   1,749,212 $    50.86 2,182,213  $    32.34 
Forfeited............................................   (151,075) $    40.87 (395,365)  $    33.97 
Payable (1).......................................... (1,346,025) $    32.24 (538,480)  $    33.17 
                                                      -----------            ---------             
Outstanding at December 31, 2013.....................   5,074,140 $    42.86 3,328,516  $    33.35 
                                                      =========== ========== =========  ========== 
Expected to vest at a future date as of December 31,                                               
  2013...............................................   5,067,337 $    38.60 2,995,664  $    33.34 
                                                      =========== ========== =========  ========== 

--------                                                                        

(1)Includes both Shares paid and Shares deferred for later payment.             

 Performance Share amounts above represent aggregate initial target awards
and do not reflect potential increases or decreases resulting from the      
performance factor determined after the end of the respective performance   
 periods. At December 31, 2013, the three year performance period for the 2011
Performance Share grants was completed, but the performance factor had not  
yet been calculated. Included in the immediately preceding table are        
 1,545,020 outstanding Performance Shares to which the 2011 - 2013 performance
factor will be applied. The factor will be determined in the second quarter 
of 2014.                                                                    

Statutory Equity and Income                                                     

Each U.S. insurance company's state of domicile imposes risk-based capital  
("RBC") requirements that were developed by the National Association of         
Insurance Commissioners ("NAIC"). Regulatory compliance is determined by a      
ratio of a company's total adjusted capital, calculated in the manner           
prescribed by the NAIC ("TAC") to its authorized control level RBC, calculated  
in the manner prescribed by the NAIC ("ACL RBC"). Companies below specific      
trigger points or ratios are classified within certain levels, each of which    
requires specified corrective action. The minimum level of TAC before           
corrective action commences is twice ACL RBC ("Company Action RBC"). The RBC    
ratios for Metropolitan Life Insurance Company and each of its insurance        
subsidiaries were in excess of 400% for all periods presented.                  

 The New York State Department of Financial Services issues an annual "Special
Considerations" circular letter to New York licensed insurers dictating tests   
to be performed as part of insurers' year-end asset adequacy testing. The New   
York State Department of Financial Services issued its 2013 Special             
Considerations letter on October 31, 2013. The letter mandates the use of       
certain assumptions in the 2013 asset adequacy testing. Metropolitan Life       
Insurance Company will grade in over three years the amount of LTC reserves     
required as a result of the new assumptions. Under this grade-in, Metropolitan  
Life Insurance Company increased its asset                                      

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

adequacy reserves for LTC policies by $300 million as of December 31, 2013 and  
will increase such reserves by approximately $200 million and $100 million as   
of December 31, 2014 and 2015, respectively. The actual 2014 and 2015 amounts   
may differ from current estimates due to changes in economic conditions,        
regulation, or policyholder behavior.                                           

Metropolitan Life Insurance Company and its insurance subsidiaries prepare  
statutory-basis financial statements in accordance with statutory accounting    
practices prescribed or permitted by the insurance department of their          
respective state of domicile. The NAIC has adopted the Codification of          
Statutory Accounting Principles ("Statutory Codification"). Statutory           
Codification is intended to standardize regulatory accounting and reporting to  
state insurance departments. However, statutory accounting principles continue  
to be established by individual state laws and permitted practices.             
Modifications by the various state insurance departments may impact the effect  
of Statutory Codification on the statutory capital and surplus of Metropolitan  
Life Insurance Company and its insurance subsidiaries.                          

 Statutory accounting principles differ from GAAP primarily by charging policy
acquisition costs to expense as incurred, establishing future policy benefit    
liabilities using different actuarial assumptions, reporting surplus notes as   
surplus instead of debt, reporting of reinsurance agreements and valuing        
securities on a different basis.                                                

In addition, certain assets are not admitted under statutory accounting     
principles and are charged directly to surplus. The most significant assets not 
admitted by the Company are net deferred income tax assets resulting from       
temporary differences between statutory accounting principles basis and tax     
basis not expected to reverse and become recoverable within three years.        

Statutory net income (loss) of Metropolitan Life Insurance Company, a New   
York domiciled insurer was $369 million, $1.3 billion and $2.0 billion for the  
years ended December 31, 2013, 2012 and 2011, respectively. Statutory capital   
and surplus was $12.4 billion and $14.3 billion at December 31, 2013 and 2012,  
respectively. All such amounts are derived from the statutory-basis financial   
statements as filed with the New York State Department of Financial Services.   

 Statutory net income (loss) of New England Life Insurance Company ("NELICO"),
a Massachusetts domiciled insurer, was $103 million, $79 million and $63        
million for the years ended December 31, 2013, 2012 and 2011, respectively.     
Statutory capital and surplus was $571 million and $539 million at December 31, 
2013 and 2012, respectively. All such amounts are derived from the              
statutory-basis financial statements as filed with the Massachusetts State      
Division of Insurance.                                                          

Statutory net income (loss) of GALIC, a Missouri domiciled insurer, was $60 
million, $19 million and $128 million for the years ended December 31, 2013,    
2012 and 2011, respectively. Statutory capital and surplus was $818 million and 
$873 million at December 31, 2013 and 2012, respectively. All such amounts are  
derived from the statutory-basis financial statements as filed with the         
Missouri State Department of Insurance.                                         

Dividend Restrictions                                                           

Under New York State Insurance Law, Metropolitan Life Insurance Company is  
permitted, without prior insurance regulatory clearance, to pay stockholder     
dividends to MetLife, Inc. as long as the aggregate amount of all such          
dividends in any calendar year does not exceed the lesser of: (i) 10% of its    
surplus to policyholders as of the end of the immediately preceding calendar    
year or (ii) its statutory net gain from operations for the immediately         
preceding calendar year (excluding realized capital gains). Metropolitan Life   
Insurance Company will be permitted                                             

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Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

to pay a dividend to MetLife, Inc. in excess of the lesser of such two amounts  
only if it files notice of its intention to declare such a dividend and the     
amount thereof with the New York Superintendent of Financial Services (the      
"Superintendent") and the Superintendent either approves the distribution of    
the dividend or does not disapprove the dividend within 30 days of its filing.  
Under New York State Insurance Law, the Superintendent has broad discretion in  
determining whether the financial condition of a stock life insurance company   
would support the payment of such dividends to its stockholders. During the     
years ended December 31, 2013 and 2012, Metropolitan Life Insurance Company     
paid a dividend of $1.4 billion and $1.0 billion, respectively. During the year 
ended December 31, 2011, Metropolitan Life Insurance Company paid a dividend of 
$1.3 billion, of which $170 million was a transfer of securities. Based on      
amounts at December 31, 2013, Metropolitan Life Insurance Company could pay a   
stockholder dividend in 2014 of $1.1 billion without prior approval of the      
Superintendent.                                                                 

Under Massachusetts State Insurance Law, NELICO is permitted, without prior 
insurance regulatory clearance, to pay a stockholder dividend to Metropolitan   
Life Insurance Company as long as the aggregate amount of the dividend, when    
aggregated with all other dividends paid in the preceding 12 months, does not   
exceed the greater of: (i) 10 % of its surplus to policyholders as of the end   
of the immediately preceding calendar year; or (ii) its statutory net gain from 
operations for the immediately preceding calendar year. NELICO will be          
permitted to pay a dividend to Metropolitan Life Insurance Company in excess of 
the greater of such two amounts only if it files notice of the declaration of   
such a dividend and the amount thereof with the Massachusetts Commissioner of   
Insurance (the "Massachusetts Commissioner") and the Massachusetts Commissioner 
either approves the distribution of the dividend or does not disapprove the     
distribution within 30 days of its filing. In addition, any dividend that       
exceeds earned surplus (defined as "unassigned funds (surplus)") as of the last 
filed annual statutory statement requires insurance regulatory approval. Under  
Massachusetts State Insurance Law, the Massachusetts Commissioner has broad     
discretion in determining whether the financial condition of a stock life       
insurance company would support the payment of such dividends to its            
stockholders. During the years ended December 31, 2013, 2012 and 2011, NELICO   
paid a dividend of $77 million, $46 million and $107 million, respectively.     
Based on amounts at December 31, 2013, NELICO could pay a stockholder dividend  
in 2014 of $102 million without prior approval of the Massachusetts             
Commissioner.                                                                   

Under Missouri State Insurance Law, GALIC is permitted, without prior       
insurance regulatory clearance, to pay a stockholder dividend to Metropolitan   
Life Insurance Company as long as the amount of such dividend when aggregated   
with all other dividends in the preceding 12 months, does not exceed the        
greater of: (i) 10% of its surplus to policyholders as of the end of the        
immediately preceding calendar year; or (ii) its statutory net gain from        
operations for the immediately preceding calendar year (excluding net realized  
capital gains). GALIC will be permitted to pay a dividend to Metropolitan Life  
Insurance Company in excess of the greater of such two amounts only if it files 
notice of the declaration of such a dividend and the amount thereof with the    
Missouri Director of Insurance (the "Missouri Director") and the Missouri       
Director either approves the distribution of the dividend or does not           
disapprove the distribution within 30 days of its filing. In addition, any      
dividend that exceeds earned surplus (defined by the Company as "unassigned     
funds (surplus)") as of the last filed annual statutory statement requires      
insurance regulatory approval. Under Missouri State Insurance Law, the Missouri 
Director has broad discretion in determining whether the financial condition of 
a stock life insurance company would support the payment of such dividends to   
its stockholders. During the years ended December 31, 2013 and 2012, GALIC did  
not pay dividends to Metropolitan Life Insurance Company. During the year ended 
December 31, 2011, GALIC paid an extraordinary cash dividend to GenAmerica      
Financial, LLC ("GenAmerica"), its former parent, of $183 million and           
GenAmerica subsequently paid an ordinary dividend to Metropolitan Life          
Insurance Company of $183 million. Based on amounts at December 31, 2013, GALIC 
could pay a stockholder dividend in 2014 of $81 million without prior approval  
of the Missouri Director.                                                       

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Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

For the years ended December 31, 2013, 2012 and 2011, Metropolitan Life     
Insurance Company received dividends from non-insurance subsidiaries of $45     
million, $87 million and $518 million, respectively.                            

Accumulated Other Comprehensive Income (Loss)                                   

Information regarding changes in the balances of each component of AOCI     
attributable to Metropolitan Life Insurance Company, net of income tax, was as  
follows:                                                                        

                                                        [Enlarge/Download Table]

                                             Unrealized                       Foreign    Defined           
                                          Investment Gains     Unrealized    Currency    Benefit           
                                          (Losses), Net of   Gains (Losses) Translation   Plans            
                                         Related Offsets (1) on Derivatives Adjustments Adjustment  Total  
                                         ------------------- -------------- ----------- ---------- --------
                                                                   (In millions)                           
                                                                                                           
Balance at December 31, 2010............    $      2,360        $     58      $    34   $  (1,429) $  1,023
OCI before reclassifications............           2,602           1,231            6        (545)    3,294
Income tax expense (benefit)............           (911)           (430)          (3)          202  (1,142)
                                            ------------        --------      -------   ---------- --------
 OCI before reclassifications, net of                                                                      
   income tax...........................           4,051             859           37      (1,772)    3,175
Amounts reclassified from AOCI..........            (35)            (28)           --        (126)    (189)
Income tax expense (benefit)............              12               9           --           47       68
                                            ------------        --------      -------   ---------- --------
 Amounts reclassified from AOCI, net of                                                                    
   income tax...........................            (23)            (19)           --         (79)    (121)
                                            ------------        --------      -------   ---------- --------
Balance at December 31, 2011............    $      4,028        $    840      $    37   $  (1,851) $  3,054
OCI before reclassifications............           2,406           (243)         (30)        (618)    1,515
Income tax expense (benefit)............           (843)              87           11          217    (528)
                                            ------------        --------      -------   ---------- --------
 OCI before reclassifications, net of                                                                      
   income tax...........................           5,591             684           18      (2,252)    4,041
Amounts reclassified from AOCI..........              96               2           --        (148)     (50)
Income tax expense (benefit)............            (33)             (1)           --           51       17
                                            ------------        --------      -------   ---------- --------
 Amounts reclassified from AOCI, net of                                                                    
   income tax...........................              63               1           --         (97)     (33)
                                            ------------        --------      -------   ---------- --------
Balance at December 31, 2012............    $      5,654        $    685      $    18   $  (2,349) $  4,008
OCI before reclassifications............         (3,321)           (677)           22        1,396  (2,580)
Income tax expense (benefit)............           1,145             237          (9)        (490)      883
                                            ------------        --------      -------   ---------- --------
 OCI before reclassifications, net of                                                                      
   income tax...........................           3,478             245           31      (1,443)    2,311
Amounts reclassified from AOCI..........            (16)            (14)           --        (205)    (235)
Income tax expense (benefit)............               6               5           --           71       82
                                            ------------        --------      -------   ---------- --------
 Amounts reclassified from AOCI, net of                                                                    
   income tax...........................            (10)             (9)           --        (134)    (153)
                                            ------------        --------      -------   ---------- --------
Balance at December 31, 2013............    $      3,468        $    236      $    31   $  (1,577) $  2,158
                                            ============        ========      =======   ========== ========

--------                                                                        

(1)See Note 8 for information on offsets to investments related to insurance    
liabilities, DAC and VOBA and the policyholder dividend obligation.       

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

13. Equity (continued)                                                          

 Information regarding amounts reclassified out of each component of AOCI, was
as follows:                                                                     

                                                        [Enlarge/Download Table]

                                                                                      Statement of Operations and     
AOCI Components                                   Amounts Reclassified from AOCI  Comprehensive Income (Loss) Location
------------------------------------------------  ------------------------------- ------------------------------------
                                                      Years Ended December 31                                         
                                                  -------------------------------                                     
                                                     2013      2012       2011                                        
                                                  ---------- --------- ----------                                     
                                                           (In millions)                                              
                                                                                                                      
Net unrealized investment gains (losses):                                                                             
  Net unrealized investment gains (losses)....... $       38 $   (158) $    (116) Other net investment gains (losses) 
  Net unrealized investment gains (losses).......         53        56         40 Net investment income               
  Net unrealized investment gains (losses).......       (28)      (16)         94 Net derivative gains (losses)       
  OTTI...........................................       (47)        22         17 OTTI on fixed maturity securities   
                                                  ---------- --------- ----------                                     
   Net unrealized investment gains (losses),                                                                          
    before income tax............................         16      (96)         35                                     
   Income tax (expense) benefit..................        (6)        33       (12)                                     
                                                  ---------- --------- ----------                                     
   Net unrealized investment gains (losses),                                                                          
    net of income tax............................ $       10 $    (63) $       23                                     
                                                  ========== ========= ==========                                     
Unrealized gains (losses) on derivatives - cash                                                                       
 flow hedges:                                                                                                         
  Interest rate swaps............................ $       20 $       3 $       -- Net derivative gains (losses)       
  Interest rate swaps............................          8         4          1 Net investment income               
  Interest rate forwards.........................          1        --         22 Net derivative gains (losses)       
  Interest rate forwards.........................          2         2          2 Net investment income               
  Foreign currency swaps.........................       (15)       (7)          7 Net derivative gains (losses)       
  Foreign currency swaps.........................        (3)       (5)        (5) Net investment income               
  Credit forwards................................         --        --          1 Net derivative gains (losses)       
  Credit forwards................................          1         1         -- Net investment income               
                                                  ---------- --------- ----------                                     
   Gains (losses) on cash flow hedges, before                                                                         
    income tax...................................         14       (2)         28                                     
   Income tax (expense) benefit..................        (5)         1        (9)                                     
                                                  ---------- --------- ----------                                     
   Gains (losses) on cash flow hedges, net of                                                                         
    income tax................................... $        9 $     (1) $       19                                     
                                                  ========== ========= ==========                                     
Defined benefit plans adjustment: (1)                                                                                 
  Amortization of net actuarial gains (losses)... $      274 $     246 $      231                                     
  Amortization of prior service (costs) credit...       (69)      (98)      (105)                                     
                                                  ---------- --------- ----------                                     
   Amortization of defined benefit plan items,                                                                        
    before income tax............................        205       148        126                                     
   Income tax (expense) benefit..................       (71)      (51)       (47)                                     
                                                  ---------- --------- ----------                                     
   Amortization of defined benefit plan items,                                                                        
    net of income tax............................ $      134 $      97 $       79                                     
                                                  ========== ========= ==========                                     
Total reclassifications, net of income tax....... $      153 $      33 $      121                                     
                                                  ========== ========= ==========                                     

--------                                                                        

(1)These AOCI components are included in the computation of net periodic        
benefit costs. See Note 15.                                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

14. Other Expenses                                                              

Information on other expenses was as follows:                               

                                                        [Enlarge/Download Table]

                                                             Years Ended December 31, 
                                                            --------------------------
                                                              2013     2012     2011  
                                                            -------- -------- --------
                                                                  (In millions)       
                                                                                      
Compensation............................................... $  2,392 $  2,426 $  2,260
Pension, postretirement and postemployment benefit costs...      364      285      330
Commissions................................................      781      769      724
Volume-related costs.......................................      253      241      196
Affiliated interest costs on ceded and assumed reinsurance.    1,033    1,209    1,393
Capitalization of DAC......................................    (562)    (632)    (724)
Amortization of DAC and VOBA...............................      261      991      875
Interest expense on debt and debt issuance costs...........      153      152      194
Premium taxes, licenses and fees...........................      263      294      302
Professional services......................................      989      946      832
Rent and related expenses, net of sublease income..........      143      123      129
Other......................................................     (82)    (410)     (40)
                                                            -------- -------- --------
  Total other expenses..................................... $  5,988 $  6,394 $  6,471
                                                            ======== ======== ========

Capitalization of DAC and Amortization of DAC and VOBA                          

See Note 5 for additional information on DAC and VOBA including impacts of  
capitalization and amortization. See also Note 7 for a description of the DAC   
amortization impact associated with the closed block.                           

Interest Expense on Debt and Debt Issuance Costs                                

Interest expense on debt and debt issuance costs includes interest expense  
(see Note 12) and interest expense related to CSEs. See Note 8.                 

Affiliated Expenses                                                             

Commissions, capitalization of DAC and amortization of DAC and VOBA include 
the impact of affiliated reinsurance transactions. See Notes 6, 12 and 19 for a 
discussion of affiliated expenses included in the table above.                  

Restructuring Charges                                                           

 MetLife, Inc. commenced in 2012 an enterprise-wide strategic initiative. This
global strategy focuses on leveraging MetLife, Inc. and its subsidiaries' scale 
to improve the value they provide to customers and shareholders in order to     
reduce costs, enhance revenues, achieve efficiencies and reinvest in their      
technology, platforms and functionality to improve their current operations and 
develop new capabilities.                                                       

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

14. Other Expenses (continued)                                                  

These restructuring charges are included in other expenses. As the expenses 
relate to an enterprise-wide initiative, they are reported in Corporate &       
Other. Estimated restructuring costs may change as management continues to      
execute this enterprise-wide strategic initiative. Such restructuring charges   
which were allocated to the Company were as follows:                            

                                                        [Enlarge/Download Table]

                                                          Years Ended December 31,                     
                                      -----------------------------------------------------------------
                                                    2013                             2012              
                                      -------------------------------- --------------------------------
                                                Lease and Asset                  Lease and Asset       
                                      Severance   Impairment    Total  Severance   Impairment    Total 
                                      --------- --------------- ------ --------- --------------- ------
                                                                (In millions)                          
                                                                                                       
Balance at January 1,................  $   22        $  --      $   22  $   --        $  --      $   --
Restructuring charges................      87           16         103     101           18         119
Cash payments........................    (70)         (10)        (80)    (79)         (18)        (97)
                                       ------        -----      ------  ------        -----      ------
Balance at December 31,..............  $   39        $   6      $   45  $   22        $  --      $   22
                                       ======        =====      ======  ======        =====      ======
Total restructuring charges incurred                                                                   
  since inception of initiative......  $  188        $  34      $  222  $  101        $  18      $  119
                                       ======        =====      ======  ======        =====      ======

Management anticipates further restructuring charges including severance, as
well as lease and asset impairments, through the year ending December 31, 2015. 
However, such restructuring plans were not sufficiently developed to enable     
MetLife, Inc. to make an estimate of such restructuring charges at December 31, 
2013.                                                                           

15. Employee Benefit Plans                                                      

Pension and Other Postretirement Benefit Plans                                  

 The Company sponsors and administers various U.S. qualified and non-qualified
defined benefit pension plans and other postretirement employee benefit plans   
covering employees and sales representatives who meet specified eligibility     
requirements. Pension benefits are provided utilizing either a traditional      
formula or cash balance formula. The traditional formula provides benefits      
based upon years of credited service and final average earnings. The cash       
balance formula utilizes hypothetical or notional accounts which credit         
participants with benefits equal to a percentage of eligible pay, as well as    
earnings credits, determined annually based upon the average annual rate of     
interest on 30-year U.S. Treasury securities, for each account balance. At      
December 31, 2013, the majority of active participants were accruing benefits   
under the cash balance formula; however, 90% of the Company's obligations       
result from benefits calculated with the traditional formula. The non-qualified 
pension plans provide supplemental benefits in excess of limits applicable to a 
qualified plan. Participating affiliates are allocated a proportionate share of 
net expense related to the plans as well as contributions made to the plans.    

The Company also provides certain postemployment benefits and certain       
postretirement medical and life insurance benefits for retired employees.       
Employees of the Company who were hired prior to 2003 (or, in certain cases,    
rehired during or after 2003) and meet age and service criteria while working   
for the Company may become eligible for these other postretirement benefits, at 
various levels, in accordance with the applicable plans. Virtually all          
retirees, or their beneficiaries, contribute a portion of the total costs of    
postretirement medical benefits. Employees hired after 2003 are not eligible    
for any employer subsidy for postretirement medical benefits. Participating     
affiliates are allocated a proportionate share of net expense and contributions 
related to the postemployment and other postretirement plans.                   

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

Obligations and Funded Status                                                 

                                                        [Enlarge/Download Table]

                                                                                          Other       
                                                                     Pension         Postretirement   
                                                                  Benefits (1)          Benefits      
                                                               ------------------  ------------------ 
                                                                            December 31,              
                                                               -------------------------------------- 
                                                                 2013      2012      2013      2012   
                                                               --------  --------  --------  -------- 
                                                                            (In millions)             
                                                                                                      
Change in benefit obligations:                                                                        
Benefit obligations at January 1,............................. $  8,937  $  7,867  $  2,402  $  2,106 
 Service costs................................................      214       197        20        36 
 Interest costs...............................................      367       384        92       103 
 Plan participants' contributions.............................       --        --        30        29 
 Net actuarial (gains) losses.................................     (967)      944      (550)      261 
 Plan amendments, change in benefits, and other...............       26        --        --        -- 
 Benefits paid................................................     (447)     (455)     (133)     (133)
                                                               --------  --------  --------  -------- 
Benefit obligations at December 31,...........................    8,130     8,937     1,861     2,402 
                                                               --------  --------  --------  -------- 
Change in plan assets:                                                                                
Fair value of plan assets at January 1,.......................    7,390     6,699     1,320     1,240 
 Actual return on plan assets.................................      (20)      695        57       105 
 Plan amendments, change in benefits, and other...............       28        --        --        -- 
 Plan participants' contributions.............................       --        --        30        29 
 Employer contributions.......................................      354       451        78        79 
 Benefits paid................................................     (447)     (455)     (133)     (133)
                                                               --------  --------  --------  -------- 
Fair value of plan assets at December 31,.....................    7,305     7,390     1,352     1,320 
                                                               --------  --------  --------  -------- 
 Over (under) funded status at December 31,................... $   (825) $ (1,547) $   (509) $ (1,082)
                                                               ========  ========  ========  ======== 
Amounts recognized in the consolidated balance sheets consist                                         
  of:                                                                                                 
 Other assets................................................. $    213  $     --  $     --  $     -- 
 Other liabilities............................................   (1,038)   (1,547)     (509)   (1,082)
                                                               --------  --------  --------  -------- 
   Net amount recognized...................................... $   (825) $ (1,547) $   (509) $ (1,082)
                                                               ========  ========  ========  ======== 
AOCI:                                                                                                 
 Net actuarial (gains) losses................................. $  2,207  $  2,918  $    209  $    796 
 Prior service costs (credit).................................       17        23         1       (74)
                                                               --------  --------  --------  -------- 
   AOCI, before income tax.................................... $  2,224  $  2,941  $    210  $    722 
                                                               ========  ========  ========  ======== 
Accumulated benefit obligation................................ $  7,689  $  8,381       N/A       N/A 
                                                               ========  ========                     

--------                                                                        

(1)Includes non-qualified unfunded plans, for which the aggregate projected     
benefit obligation was $1.0 billion and $1.1 billion at December 31, 2013 
and 2012, respectively.                                                   

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

The aggregate pension accumulated benefit obligation and aggregate fair   
value of plan assets for pension benefit plans with accumulated benefit       
obligations in excess of plan assets was as follows:                          

                                                                [Download Table]

                                   December 31,   
                                 -----------------
                                   2013     2012  
                                 -------- --------
                                   (In millions)  
                                                  
Projected benefit obligations... $  1,037 $  1,282
Accumulated benefit obligations. $    927 $  1,127
Fair value of plan assets....... $     -- $    123

Information for pension and other postretirement benefit plans with a     
projected benefit obligation in excess of plan assets were as follows:        

                                                                [Download Table]

                                                       Other      
                                    Pension       Postretirement  
                                   Benefits          Benefits     
                               ----------------- -----------------
                                          December 31,            
                               -----------------------------------
                                 2013     2012     2013     2012  
                               -------- -------- -------- --------
                                          (In millions)           
                                                                  
Projected benefit obligations. $  1,170 $  8,937 $  1,863 $  2,402
Fair value of plan assets..... $    133 $  7,390 $  1,353 $  1,320

Net Periodic Benefit Costs                                                    

Net periodic benefit costs are determined using management estimates and  
actuarial assumptions to derive service costs, interest costs and expected    
return on plan assets for a particular year. Net periodic benefit costs also  
includes the applicable amortization of net actuarial gains (losses) and      
amortization of any prior service costs (credit).                             

The obligations and expenses associated with these plans require an       
extensive use of assumptions such as the discount rate, expected rate of      
return on plan assets, rate of future compensation increases, healthcare cost 
trend rates, as well as assumptions regarding participant demographics such as
rate and age of retirements, withdrawal rates and mortality. Management, in   
consultation with its external consulting actuarial firms, determines these   
assumptions based upon a variety of factors such as historical performance of 
the plan and its assets, currently available market and industry data and     
expected benefit payout streams. The assumptions used may differ materially   
from actual results due to, among other factors, changing market and economic 
conditions and changes in participant demographics. These differences may have
a significant effect on the Company's consolidated financial statements and   
liquidity.                                                                    

Net periodic pension costs and net periodic other postretirement benefit  
plan costs are comprised of the following:                                    

.  Service Costs -- Service costs are the increase in the projected       
(expected) PBO resulting from benefits payable to employees of the  
Company on service rendered during the current year.                

.  Interest Costs -- Interest costs are the time value adjustment on the  
projected (expected) PBO at the end of each year.                   

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Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

.  Settlement and Curtailment Costs -- The aggregate amount of net gains  
    (losses) recognized in net periodic benefit costs due to settlements and
    curtailments. Settlements result from actions that relieve/eliminate the
  plan's responsibility for benefit obligations or risks associated with
  the obligations or assets used for the settlement. Curtailments result
  from an event that significantly reduces/eliminates plan participants'
expected years of future services or benefit accruals.              

.  Expected Return on Plan Assets -- Expected return on plan assets is the
     assumed return earned by the accumulated pension and other postretirement
fund assets in a particular year.                                   

.  Amortization of Net Actuarial Gains (Losses) -- Actuarial gains and    
losses result from differences between the actual experience and the
  expected experience on pension and other postretirement plan assets or
projected (expected) PBO during a particular period. These gains and
    losses are accumulated and, to the extent they exceed 10% of the greater
     of the PBO or the fair value of plan assets, the excess is amortized into
    pension and other postretirement benefit costs over the expected service
years of the employees.                                             

  .  Amortization of Prior Service Costs (Credit) -- These costs relate to the
     recognition of increases or decreases in pension and other postretirement
     benefit obligation due to amendments in plans or initiation of new plans.
    These increases or decreases in obligation are recognized in AOCI at the
time of the amendment. These costs are then amortized to pension and
     other postretirement benefit costs over the expected service years of the
employees affected by the change.                                   

The Company's proportionate share of components of net periodic benefit   
costs and other changes in plan assets and benefit obligations recognized in  
OCI were as follows:                                                          

                                                        [Enlarge/Download Table]

                                                           Pension Benefits     Other Postretirement Benefits
                                                        ----------------------- -----------------------------
                                                                  Years Ended December 31,                   
                                                        -----------------------------------------------------
                                                         2013    2012    2011    2013      2012      2011    
                                                        ------- ------- -------  ------    ------    ------  
                                                                       (In millions)                         
                                                                                                             
Net periodic benefit costs:                                                                                  
 Service costs......................................... $   209 $   190 $   165 $   17    $   30    $   16   
 Interest costs........................................     359     374     384     85        95       107   
 Expected return on plan assets........................   (447)   (448)   (423)   (74)      (75)      (76)   
 Amortization of net actuarial (gains) losses..........     213     182     189     51        52        42   
 Amortization of prior service costs (credit)..........       6       6       3   (69)      (95)     (108)   
                                                        ------- ------- -------  ------    ------    ------  
   Total net periodic benefit costs (credit)...........     340     304     318     10         7      (19)   
                                                        ------- ------- -------  ------    ------    ------  
Other changes in plan assets and benefit                                                                     
  obligations recognized in OCI:                                                                             
 Net actuarial (gains) losses..........................   (492)     705     532  (532)       232       264   
 Prior service costs (credit)..........................      --      --      18     --        --        --   
 Amortization of net actuarial gains (losses)..........   (219)   (189)   (189)   (55)      (57)      (42)   
 Amortization of prior service (costs) credit..........     (6)     (6)     (3)     75       104       108   
                                                        ------- ------- -------  ------    ------    ------  
   Total recognized in OCI.............................   (717)     510     358  (512)       279       330   
                                                        ------- ------- -------  ------    ------    ------  
     Total recognized in net periodic benefit costs                                                          
       and OCI......................................... $ (377) $   814 $   676 $(502)    $  286    $  311   
                                                        ======= ======= =======  ======    ======    ======  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

  For the year ended December 31, 2013, included within OCI were other changes
in plan assets and benefit obligations associated with pension benefits of    
($717) million and other postretirement benefits of ($512) million for an     
aggregate increase in OCI of $1.2 billion before income tax and $798 million, 
net of income tax.                                                            

 The estimated net actuarial (gains) losses and prior service costs (credit)
for the pension plans and the defined benefit other postretirement benefit    
plans that will be amortized from AOCI into net periodic benefit costs over   
the next year are $147 million and $4 million, and $6 million and ($1)        
million, respectively.                                                        

Assumptions                                                                   

Assumptions used in determining benefit obligations were as follows:      

                                                        [Enlarge/Download Table]

                                     Pension Benefits         Other Postretirement Benefits
                                --------------------------  ------------------------------ 
                                             December 31,                                  
                                ---------------------------------------------------------- 
                                    2013          2012      2013            2012           
                                ------------  ------------  ----            ----           
                                                                                           
Weighted average discount rate.     5.15%         4.20%     5.15%           4.20%          
Rate of compensation increase.. 3.50% - 7.50% 3.50% - 7.50%  N/A             N/A           

 Assumptions used in determining net periodic benefit costs were as follows:

                                                        [Enlarge/Download Table]

                                               Pension Benefits              Other Postretirement Benefits
                                   ----------------------------------------- -----------------------------
                                                          December 31,                                    
                                   ---------------------------------------------------------------------- 
                                       2013          2012          2011      2013      2012      2011     
                                   ------------- ------------- -------------   -----   ----      ----     
                                                                                                          
Weighted average discount rate....     4.20%         4.95%         5.80%     4.20%     4.95%     5.80%    
Weighted average expected rate of                                                                         
  return on plan assets...........     6.24%         7.00%         7.25%     5.76%     6.26%     7.25%    
Rate of compensation increase..... 3.50% - 7.50% 3.50% - 7.50% 3.50% - 7.50%  N/A       N/A       N/A     

The weighted average discount rate is determined annually based on the    
yield, measured on a yield to worst basis, of a hypothetical portfolio        
constructed of high quality debt instruments available on the valuation date, 
which would provide the necessary future cash flows to pay the aggregate      
projected benefit obligation when due.                                        

The weighted average expected rate of return on plan assets is based on   
anticipated performance of the various asset sectors in which the plan        
invests, weighted by target allocation percentages. Anticipated future        
performance is based on long-term historical returns of the plan assets by    
sector, adjusted for the Company's long-term expectations on the performance  
of the markets. While the precise expected rate of return derived using this  
approach will fluctuate from year to year, the Company's policy is to hold    
this long-term assumption constant as long as it remains within reasonable    
tolerance from the derived rate.                                              

 The weighted average expected rate of return on plan assets for use in that
plan's valuation in 2014 is currently anticipated to be 6.24% for pension     
benefits and 5.64% for other postretirement benefits.                         

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

 The assumed healthcare costs trend rates used in measuring the APBO and net
periodic benefit costs were as follows:                                       

                                                        [Enlarge/Download Table]

                                                              December 31,                               
                                -------------------------------------------------------------------------
                                                 2013                                 2012               
                                -------------------------------------- ----------------------------------
                                                                                                         
                                6.4% in 2014, gradually                7.8% in 2013, gradually           
                                decreasing each year until 2094        decreasing each year until 2094   
                                reaching the ultimate rate of 4.4% for reaching the ultimate rate of 4.4%
Pre-and Post-Medicare eligible  Pre-Medicare and 4.6% for              for Pre-Medicare and 4.6% for     
  claims....................... Post-Medicare.                         Post-Medicare.                    

Assumed healthcare costs trend rates may have a significant effect on the 
amounts reported for healthcare plans. A 1% change in assumed healthcare costs
trend rates would have the following effects as of December 31, 2013:         

                                                                [Download Table]

                                                           One Percent  One Percent
                                                            Increase     Decrease  
                                                          ------------ ------------
                                                                (In millions)      
                                                                                   
Effect on total of service and interest costs components.  $       16  $       (13)
Effect of accumulated postretirement benefit obligations.  $      237  $      (194)

Plan Assets                                                                   

The pension and other postretirement benefit plan assets are categorized  
into a three-level fair value hierarchy, as defined in Note 10, based upon the
significant input with the lowest level in its valuation. The following       
summarizes the types of assets included within the three-level fair value     
hierarchy presented below.                                                    

Level 1  This category includes separate                                        
accounts that are invested in fixed                           
maturity securities, equity                                   
securities, derivative assets and                             
short-term investments which have                             
unadjusted quoted market prices in                            
active markets for identical assets                           
and liabilities.                                              

Level 2  This category includes certain                                         
separate accounts that are primarily                          
invested in liquid and readily                                
marketable securities. The estimated                          
fair value of such separate account                           
is based upon reported NAV provided                           
by fund managers and this value                               
represents the amount at which                                
transfers into and out of the                                 
respective separate account are                               
effected. These separate accounts                             
provide reasonable levels of price                            
transparency and can be corroborated                          
through observable market data.                               

Certain separate accounts are                                 
invested in investment partnerships                           
designated as hedge funds. The values                         
for these separate accounts is                                
determined monthly based on the NAV                           
of the underlying hedge fund                                  
investment. Additionally, such hedge                          
funds generally contain lock out or                           
other waiting period provisions for                           
redemption requests to be filled.                             
While the reporting and redemption                            
restrictions may limit the frequency                          
of trading activity in separate                               
accounts invested in hedge funds, the                         
reported NAV, and thus the referenced                         
value of the separate account,                                
provides a reasonable level of price                          
transparency that can be corroborated                         
through observable market data.                               

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

Directly held investments are                                 
primarily invested in U.S. and                                
foreign government and corporate                              
securities.                                                   

Level 3  This category includes separate                                        
accounts that are invested in fixed                           
maturity securities, equity                                   
securities, derivative assets and                             
other investments that provide little                         
or no price transparency due to the                           
infrequency with which the underlying                         
assets trade and generally require                            
additional time to liquidate in an                            
orderly manner. Accordingly, the                              
values for separate accounts invested                         
in these alternative asset classes                            
are based on inputs that cannot be                            
readily derived from or corroborated                          
by observable market data.                                    

The Company provides employees with benefits under various Employee       
Retirement Income Security Act of 1974 ("ERISA") benefit plans. These include 
qualified pension plans, postretirement medical plans and certain retiree life
insurance coverage. The assets of the Company's qualified pension plans are   
held in insurance group annuity contracts, and the vast majority of the assets
of the postretirement medical plan and backing the retiree life coverage are  
held in insurance contracts. All of these contracts are issued by the Company 
and the assets under the contracts are held in insurance separate accounts    
that have been established by the Company. The underlying assets of the       
separate accounts are principally comprised of cash and cash equivalents,     
short-term investments, fixed maturity and equity securities, derivatives,    
real estate, private equity investments and hedge fund investments.           

The insurance contract provider engages investment management firms       
("Managers") to serve as sub-advisors for the separate accounts based on the  
specific investment needs and requests identified by the plan fiduciary. These
Managers have portfolio management discretion over the purchasing and selling 
of securities and other investment assets pursuant to the respective          
investment management agreements and guidelines established for each insurance
separate account. The assets of the qualified pension plans and postretirement
medical plans (the "Invested Plans") are well diversified across multiple     
asset categories and across a number of different Managers, with the intent of
minimizing risk concentrations within any given asset category or with any    
given Manager.                                                                

  The Invested Plans, other than those held in participant directed investment
accounts, are managed in accordance with investment policies consistent with  
the longer-term nature of related benefit obligations and within prudent risk 
parameters. Specifically, investment policies are oriented toward             
(i) maximizing the Invested Plan's funded status; (ii) minimizing the         
volatility of the Invested Plan's funded status; (iii) generating asset       
returns that exceed liability increases; and (iv) targeting rates of return in
excess of a custom benchmark and industry standards over appropriate reference
time periods. These goals are expected to be met through identifying          
appropriate and diversified asset classes and allocations, ensuring adequate  
liquidity to pay benefits and expenses when due and controlling the costs of  
administering and managing the Invested Plan's investments. Independent       
investment consultants are periodically used to evaluate the investment risk  
of Invested Plan's assets relative to liabilities, analyze the economic and   
portfolio impact of various asset allocations and management strategies and to
recommend asset allocations.                                                  

Derivative contracts may be used to reduce investment risk, to manage     
duration and to replicate the risk/return profile of an asset or asset class. 
Derivatives may not be used to leverage a portfolio in any manner, such as to 
magnify exposure to an asset, asset class, interest rates or any other        
financial variable. Derivatives are also prohibited for use in creating       
exposures to securities, currencies, indices or any other financial variable  
that is otherwise restricted.                                                 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

The table below summarizes the actual weighted average allocation of the  
fair value of total plan assets by asset class at December 31 for the years   
indicated and the approved target allocation by major asset class at          
December 31, 2013 for the Invested Plans:                                     

                                                        [Enlarge/Download Table]

                                                           Pension             Postretirement Medical   
                                                   -------------------------- --------------------------
                                                            Actual Allocation          Actual Allocation
                                                            -----------------          -----------------
                                                     Target   2013     2012     Target   2013     2012  
                                                   -------- -------  -------  -------- -------  ------- 
                                                                                                        
Asset Class:                                                                                            
Fixed maturity securities (1).....................     75%      64%      69%      70%      52%      63% 
Equity securities (2).............................     12%      23%      21%      30%      47%      37% 
Alternative securities (3)........................     13%      13%      10%      --%       1%      --% 
                                                            -------  -------           -------  ------- 
 Total assets.....................................             100%     100%              100%     100% 
                                                            =======  =======           =======  ======= 
                                                                [Download Table]

                                                     Postretirement Life     
                                                   --------------------------
                                                            Actual Allocation
                                                            -----------------
                                                     Target   2013     2012  
                                                   -------- -------  ------- 
                                                                             
Asset Class:                                                                 
Fixed maturity securities (1).....................     --%      --%      --% 
Equity securities (2).............................     --%      --%      --% 
Alternative securities (3)........................    100%     100%     100% 
                                                            -------  ------- 
 Total assets.....................................             100%     100% 
                                                            =======  ======= 

--------                                                                        

(1)Fixed maturity securities include primarily ABS, collateralized mortgage     
obligations, corporate, federal agency, foreign bonds, mortgage-backed    
securities, municipals, preferred stocks and U.S. government bonds.       

(2)Equity securities primarily include common stock of U.S. companies.          

(3)Alternative securities primarily include derivative assets, money market     
securities, short-term investments and other investments. Postretirement  
life's target and actual allocation of plan assets are all in short-term  
investments.                                                              

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

 The pension and postretirement plan assets measured at estimated fair value
on a recurring basis were determined as described in "-- Plan Assets." These  
estimated fair values and their corresponding placement in the fair value     
hierarchy are summarized as follows:                                          

                                                        [Enlarge/Download Table]

                                                       December 31, 2013                                        
                             ---------------------------------------------------------------------              
                                      Pension Benefits                       Other Postretirement Benefits      
                             -----------------------------------           ---------------------------------    
                               Fair Value Hierarchy                         Fair Value Hierarchy                
                             -------------------------                     -----------------------              
                                                                 Total                                   Total  
                                                               Estimated                               Estimated
                                                                 Fair                                    Fair   
                             Level 1     Level 2     Level 3     Value     Level 1   Level 2   Level 3   Value  
                             --------    --------    -------   ---------   -------   -------   ------- ---------
                                                         (In millions)                                          
                                                                                                                
Assets                                                                                                          
Fixed maturity securities:                                                                                      
  Corporate................. $     --    $  1,948    $   55    $  2,003    $   --    $  170     $  1   $    171 
  U.S. government bonds.....      868         156        --       1,024       135         5       --        140 
  Foreign bonds.............       --         675        10         685        --        63       --         63 
  Federal agencies..........       --         274        --         274        --        33       --         33 
  Municipals................       --         206        --         206        --        15       --         15 
  Other (1).................       --         460        19         479        --        54       --         54 
                             --------    --------    ------    --------    ------    ------     ----   -------- 
   Total fixed maturity                                                                                         
     securities.............      868       3,719        84       4,671       135       340        1        476 
                             --------    --------    ------    --------    ------    ------     ----   -------- 
Equity securities:                                                                                              
  Common stock - domestic...    1,064          21       139       1,224       328        --       --        328 
  Common stock - foreign....      432          --        --         432       102        --       --        102 
                             --------    --------    ------    --------    ------    ------     ----   -------- 
   Total equity securities..    1,496          21       139       1,656       430        --       --        430 
                             --------    --------    ------    --------    ------    ------     ----   -------- 
Other investments...........       --          --       563         563        --        --       --         -- 
Short-term investments......       49         290        --         339        --       439       --        439 
Money market securities.....        1          12        --          13         4        --       --          4 
Derivative assets...........       16          14        33          63        --         3       --          3 
                             --------    --------    ------    --------    ------    ------     ----   -------- 
       Total assets......... $  2,430    $  4,056    $  819    $  7,305    $  569    $  782     $  1   $  1,352 
                             ========    ========    ======    ========    ======    ======     ====   ======== 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

                                                        [Enlarge/Download Table]

                                                       December 31, 2012                             
                             ---------------------------------------------------------------------   
                                      Pension Benefits                Other Postretirement Benefits  
                             -----------------------------------    ---------------------------------
                               Fair Value Hierarchy                  Fair Value Hierarchy            
                             -------------------------              -----------------------          
                                                            Total                             Total  
                                                          Estimated                         Estimated
                                                            Fair                              Fair   
                             Level 1     Level 2  Level 3   Value   Level 1 Level 2 Level 3   Value  
                             --------    -------- ------- --------- ------- ------- ------- ---------
                                                         (In millions)                               
                                                                                                     
Assets                                                                                               
Fixed maturity securities:                                                                           
  Corporate................. $     --    $  2,119 $   18  $  2,137  $   --  $  165   $  4   $    169 
  U.S. government bonds.....    1,082         150     --     1,232     175       3     --        178 
  Foreign bonds.............       --         714      7       721      --      51     --         51 
  Federal agencies..........        1         314     --       315      --      26     --         26 
  Municipals................       --         242     --       242      --      70      1         71 
  Other (1).................       --         460      7       467      --      55      3         58 
                             --------    -------- ------  --------  ------  ------   ----   -------- 
   Total fixed maturity                                                                              
     securities.............    1,083       3,999     32     5,114     175     370      8        553 
                             --------    -------- ------  --------  ------  ------   ----   -------- 
Equity securities:                                                                                   
  Common stock - domestic...    1,024          36    129     1,189     249       1     --        250 
  Common stock - foreign....      339          --     --       339      83      --     --         83 
                             --------    -------- ------  --------  ------  ------   ----   -------- 
   Total equity securities..    1,363          36    129     1,528     332       1     --        333 
                             --------    -------- ------  --------  ------  ------   ----   -------- 
Other investments...........       --         110    419       529      --      --     --         -- 
Short-term investments......       --         200     --       200      --     432     --        432 
Money market securities.....        2           9     --        11       1      --     --          1 
Derivative assets...........       --           7      1         8      --       1     --          1 
                             --------    -------- ------  --------  ------  ------   ----   -------- 
       Total assets......... $  2,448    $  4,361 $  581  $  7,390  $  508  $  804   $  8   $  1,320 
                             ========    ======== ======  ========  ======  ======   ====   ======== 

--------                                                                        

(1)Other primarily includes mortgage-backed securities, collateralized mortgage 
obligations and ABS.                                                      

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

A rollforward of all pension and other postretirement benefit plan assets 
measured at estimated fair value on a recurring basis using significant       
unobservable (Level 3) inputs was as follows:                                 

                                                        [Enlarge/Download Table]

                                Fair Value Measurements Using Significant Unobservable Inputs (Level 3)           
                     ---------------------------------------------------------------------------------------------
                                            Pension Benefits                        Other Postretirement Benefits 
-                    -------------------------------------------------------------- ------------------------------
                           Fixed Maturity          Equity                                   Fixed Maturity        
                             Securities:         Securities:                                 Securities:          
-                    --------------------------- -----------                        ------------------------------
                                                   Common                                                         
                               Foreign             Stock -      Other    Derivative                               
                     Corporate  Bonds  Other (1)  Domestic   Investments   Assets   Corporate Municipals Other (1)
                     --------- ------- --------- ----------- ----------- ---------- --------- ---------- ---------
                                                             (In millions)                                        
                                                                                                                  
Year Ended December                                                                                               
 31, 2013:                                                                                                        
Balance at January                                                                                                
 1,.................   $  18    $  7     $  7      $  129      $  419      $   1      $  4       $  1      $  3   
Realized gains                                                                                                    
 (losses)...........      --      --       --         (1)          --        (2)        --         --       (3)   
Unrealized gains                                                                                                  
 (losses)...........     (2)       1       --           9          56       (17)        --         --         4   
Purchases, sales,                                                                                                 
 issuances and                                                                                                    
 settlements, net...      17     (3)       11           2        (58)         51       (3)        (1)       (4)   
Transfers into                                                                                                    
 and/or out of                                                                                                    
 Level 3............      22       5        1          --         146         --        --         --        --   
                     --------- ------- --------- ----------- ----------- ---------- --------- ---------- ---------
Balance at December                                                                                               
 31,................   $  55    $ 10     $ 19      $  139      $  563      $  33      $  1       $ --      $ --   
                     ========= ======= ========= =========== =========== ========== ========= ========== =========

                                                        [Enlarge/Download Table]

                                     Fair Value Measurements Using Significant Unobservable Inputs (Level 3)                 
                     --------------------------------------------------------------------------------------------------------
                                            Pension Benefits                              Other Postretirement Benefits      
-                    -------------------------------------------------------------- -----------------------------------------
                           Fixed Maturity          Equity                                   Fixed Maturity                   
                             Securities:         Securities:                                 Securities:                     
-                    --------------------------- -----------                        ------------------------------           
                                                   Common                                                                    
                               Foreign             Stock -      Other    Derivative                                Derivative
                     Corporate  Bonds  Other (1)  Domestic   Investments   Assets   Corporate Municipals Other (1)   Assets  
                     --------- ------- --------- ----------- ----------- ---------- --------- ---------- --------- ----------
                                                                  (In millions)                                              
                                                                                                                             
Year Ended                                                                                                                   
 December 31, 2012:                                                                                                          
Balance at                                                                                                                   
 January 1,.........   $  30    $   5    $   2     $  194      $  501       $  4      $  4       $  1      $  5       $  1   
Realized gains                                                                                                               
 (losses)...........      --       --       --       (25)          52          4        --         --       (2)          2   
Unrealized gains                                                                                                             
 (losses)...........     (1)        8        1          9        (38)        (6)        --         --         2        (2)   
Purchases, sales,                                                                                                            
 issuances and                                                                                                               
 settlements, net...    (11)      (6)        4       (49)        (96)        (1)        --         --       (2)        (1)   
Transfers into                                                                                                               
 and/or out of                                                                                                               
 Level 3............      --       --       --         --          --         --        --         --        --         --   
                     --------- ------- --------- ----------- ----------- ---------- --------- ---------- --------- ----------
Balance at                                                                                                                   
 December 31,.......   $  18    $   7    $   7     $  129      $  419       $  1      $  4       $  1      $  3       $ --   
                     ========= ======= ========= =========== =========== ========== ========= ========== ========= ==========

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

                                                        [Enlarge/Download Table]

                                     Fair Value Measurements Using Significant Unobservable Inputs (Level 3)                 
                     --------------------------------------------------------------------------------------------------------
                                            Pension Benefits                              Other Postretirement Benefits      
-                    -------------------------------------------------------------- -----------------------------------------
                           Fixed Maturity          Equity                                   Fixed Maturity                   
                             Securities:         Securities:                                 Securities:                     
-                    --------------------------- -----------                        ------------------------------           
                                                   Common                                                                    
                               Foreign             Stock -      Other    Derivative                                Derivative
                     Corporate  Bonds  Other (1)  Domestic   Investments   Assets   Corporate Municipals Other (1)   Assets  
                     --------- ------- --------- ----------- ----------- ---------- --------- ---------- --------- ----------
                                                                  (In millions)                                              
                                                                                                                             
Year Ended                                                                                                                   
 December 31, 2011:                                                                                                          
Balance at                                                                                                                   
 January 1,.........   $  45    $  4     $  2       $ 228       $ 446       $(1)       $ 4       $ 1       $  6       $--    
Realized gains                                                                                                               
 (losses)...........      --      --      (1)        (57)          80          1        --        --        (1)        --    
Unrealized gains                                                                                                             
 (losses)...........     (3)     (2)        1         110          42          6        --        --          1         1    
Purchases, sales,                                                                                                            
 issuances and                                                                                                               
 settlements, net...    (13)       3      (1)        (87)        (67)        (2)        --        --        (1)        --    
Transfers into                                                                                                               
 and/or out of                                                                                                               
 Level 3............       1      --        1          --          --         --        --        --         --        --    
                     --------- ------- --------- ----------- ----------- ---------- --------- ---------- --------- ----------
Balance at                                                                                                                   
 December 31,.......   $  30    $  5     $  2       $ 194       $ 501       $  4       $ 4       $ 1       $  5       $ 1    
                     ========= ======= ========= =========== =========== ========== ========= ========== ========= ==========

--------                                                                        

(1)Other includes ABS and collateralized mortgage obligations.                  

Expected Future Contributions and Benefit Payments                            

 It is the Company's practice to make contributions to the qualified pension
plan to comply with minimum funding requirements of ERISA. In accordance with 
such practice, no contributions are required for 2014. The Company expects to 
make discretionary contributions to the qualified pension plan of $210 million
in 2014. For information on employer contributions, see "-- Obligations and   
Funded Status."                                                               

Benefit payments due under the non-qualified pension plans are primarily  
funded from the Company's general assets as they become due under the         
provision of the plans, therefore benefit payments equal employer             
contributions. The Company expects to make contributions of $70 million to    
fund the benefit payments in 2014.                                            

Postretirement benefits are either: (i) not vested under law; (ii) a      
non-funded obligation of the Company; or (iii) both. Current regulations do   
not require funding for these benefits. The Company uses its general assets,  
net of participant's contributions, to pay postretirement medical claims as   
they come due in lieu of utilizing any plan assets. The Company expects to    
make contributions of $50 million towards benefit obligations in 2014 to pay  
postretirement medical claims.                                                

 Gross benefit payments for the next 10 years, which reflect expected future
service where appropriate, are expected to be as follows:                     

                                                                [Download Table]

                            Other     
             Pension    Postretirement
             Benefits      Benefits   
           ------------ --------------
                  (In millions)       
                                      
2014...... $        447   $       85  
2015...... $        458   $       87  
2016...... $        470   $       87  
2017...... $        496   $       90  
2018...... $        503   $       94  
2019-2023. $      2,787   $      527  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

15. Employee Benefit Plans (continued)                                          

Additional Information                                                        

As previously discussed, most of the assets of the pension and other      
postretirement benefit plans are held in group annuity and life insurance     
contracts issued by the Company. Total revenues from these contracts          
recognized in the consolidated statements of operations were $49 million, $54 
million and $47 million for the years ended December 31, 2013, 2012 and 2011, 
respectively, and included policy charges and net investment income from      
investments backing the contracts and administrative fees. Total investment   
income (loss), including realized and unrealized gains (losses), credited to  
the account balances was $20 million, $867 million and $885 million for the   
years ended December 31, 2013, 2012 and 2011, respectively. The terms of these
contracts are consistent in all material respects with those the Company      
offers to unaffiliated parties that are similarly situated.                   

Defined Contribution Plans                                                      

 The Company sponsors defined contribution plans for substantially all Company
employees under which a portion of employee contributions are matched. The      
Company contributed $84 million, $83 million and $73 million for the years      
ended December 31, 2013, 2012 and 2011, respectively.                           

16. Income Tax                                                                  

The provision for income tax from continuing operations was as follows:   

                                                                [Download Table]

                                                   Years Ended December 31,
                                                   ------------------------
                                                    2013    2012     2011  
-                                                  ------ -------- --------
                                                        (In millions)      
                                                                           
Current:                                                                   
 Federal.......................................... $  789 $    675 $    551
 State and local..................................      2        2        2
 Foreign..........................................    176      176      116
                                                   ------ -------- --------
   Subtotal.......................................    967      853      669
                                                   ------ -------- --------
Deferred:                                                                  
 Federal..........................................  (411)      346      769
 Foreign..........................................    125    (144)       22
                                                   ------ -------- --------
   Subtotal.......................................  (286)      202      791
                                                   ------ -------- --------
     Provision for income tax expense (benefit)... $  681 $  1,055 $  1,460
                                                   ====== ======== ========

The Company's income (loss) from continuing operations before income tax  
expense (benefit) from domestic and foreign operations were as follows:       

                                                                [Download Table]

                                            Years Ended December 31, 
                                           --------------------------
                                             2013     2012     2011  
                                           -------- -------- --------
                                                 (In millions)       
                                                                     
Income (loss) from continuing operations:                            
 Domestic................................. $  2,540 $  3,153 $  4,291
 Foreign..................................      282      545      453
                                           -------- -------- --------
   Total.................................. $  2,822 $  3,698 $  4,744
                                           ======== ======== ========

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

16. Income Tax (continued)                                                      

  The reconciliation of the income tax provision at the U.S. statutory rate to
the provision for income tax as reported for continuing operations was as     
follows:                                                                      

                                                                [Download Table]

                                            Years Ended December 31,
                                            ------------------------
                                             2013    2012     2011  
                                            ------ -------- --------
                                                 (In millions)      
                                                                    
Tax provision at U.S. statutory rate....... $  988 $  1,294 $  1,660
Tax effect of:                                                      
 Dividend received deduction...............   (66)     (75)     (71)
 Tax-exempt income.........................   (42)     (43)     (31)
 Prior year tax............................     29       10       10
 Low income housing tax credits............  (190)    (142)     (97)
 Other tax credits.........................   (44)     (18)     (22)
 Foreign tax rate differential.............      2        3        2
 Change in valuation allowance.............    (4)       13       --
 Other, net................................      8       13        9
                                            ------ -------- --------
Provision for income tax expense (benefit). $  681 $  1,055 $  1,460
                                            ====== ======== ========

  Deferred income tax represents the tax effect of the differences between the
book and tax basis of assets and liabilities. Net deferred income tax assets  
and liabilities consisted of the following at:                                

                                                                [Download Table]

                                                      December 31,     
                                                  ---------------------
                                                     2013       2012   
                                                  ---------- ----------
                                                      (In millions)    
                                                                       
Deferred income tax assets:                                            
 Policyholder liabilities and receivables........ $    1,823 $    2,495
 Net operating loss carryforwards................         64         35
 Employee benefits...............................        649      1,075
 Capital loss carryforwards......................         14         17
 Tax credit carryforwards........................        909        372
 Litigation-related and government mandated......        223        175
 Other...........................................        349        198
                                                  ---------- ----------
   Total gross deferred income tax assets........      4,031      4,367
 Less: Valuation allowance.......................         72         52
                                                  ---------- ----------
   Total net deferred income tax assets..........      3,959      4,315
                                                  ---------- ----------
Deferred income tax liabilities:                                       
 Investments, including derivatives..............      2,021      2,283
 DAC and VOBA....................................      1,677      1,629
 Net unrealized investment gains.................      2,019      3,412
 Other...........................................         27         27
                                                  ---------- ----------
   Total deferred income tax liabilities.........      5,744      7,351
                                                  ---------- ----------
     Net deferred income tax asset (liability)... $  (1,785) $  (3,036)
                                                  ========== ==========

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

16. Income Tax (continued)                                                      

The following table sets forth the domestic, state, and foreign net       
 operating and capital loss carryforwards for tax purposes at December 31, 2013.

                                                                [Download Table]

                Net Operating Loss                 Capital Loss          
                   Carryforwards                   Carryforwards         
          ------------------------------- -------------------------------
             Amount        Expiration        Amount        Expiration    
          ------------- ----------------- ------------- -----------------
          (In millions)                   (In millions)                  
                                                                         
Domestic.   $      46   Beginning in 2018   $      --   N/A              
State....   $     150   N/A                 $      --   N/A              
Foreign..   $      69   Beginning in 2027   $      40   Beginning in 2014

Foreign tax credit carryforwards of $357 million at December 31, 2013 will
expire beginning in 2021. General business credits of $552 million will expire
beginning in 2030.                                                            

The Company has recorded valuation allowance decreases related to tax     
expense of $1 million related to certain state and foreign net operating loss 
carryforwards, $3 million related to certain foreign capital loss             
carryforwards, and charges of $24 million related to certain other deferred   
tax assets. The valuation allowance reflects management's assessment, based on
available information, that it is more likely than not that the deferred      
income tax asset for certain foreign net operating and capital loss           
carryforwards and certain state net operating loss carryforwards will not be  
realized. The tax benefit will be recognized when management believes that it 
is more likely than not that these deferred income tax assets are realizable. 

The Company participates in a tax sharing agreement with MetLife, Inc. as 
described in Note 1. Pursuant to this tax sharing agreement, the amount due to
affiliates included $157 million for the year ended December 31, 2013. The    
amounts due from affiliates included $14 million and $34 million for the years
ended December 31, 2012 and 2011, respectively.                               

The Company files income tax returns with the U.S. federal government and 
various state and local jurisdictions, as well as foreign jurisdictions. The  
Company is under continuous examination by the Internal Revenue Service       
("IRS") and other tax authorities in jurisdictions in which the Company has   
significant business operations. The income tax years under examination vary  
by jurisdiction and subsidiary. The Company is no longer subject to U.S.      
federal, state, or local income tax examinations in major taxing jurisdictions
for years prior to 2003, except for 2000 through 2002 where the IRS has       
disallowed certain tax credits claimed and the Company continues to protest.  
The IRS audit cycle for the years 2003 through 2006, which began in April     
2010, is expected to conclude in 2014.                                        

The Company's liability for unrecognized tax benefits may increase or     
decrease in the next 12 months. A reasonable estimate of the increase or      
decrease cannot be made at this time. However, the Company continues to       
believe that the ultimate resolution of the pending issues will not result in 
a material change to its consolidated financial statements, although the      
resolution of income tax matters could impact the Company's effective tax rate
for a particular future period.                                               

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

16. Income Tax (continued)                                                      

A reconciliation of the beginning and ending amount of unrecognized tax   
benefits was as follows:                                                      

                                                        [Enlarge/Download Table]

                                                                           Years Ended December 31, 
                                                                          --------------------------
                                                                            2013     2012     2011  
                                                                          -------- -------- --------
                                                                                (In millions)       
                                                                                                    
Balance at January 1,.................................................... $    532 $    525 $    499
Additions for tax positions of prior years...............................       50       27       26
Reductions for tax positions of prior years..............................      (4)      (5)       --
Additions for tax positions of current year..............................        3       --        1
Reductions for tax positions of current year.............................       --       --      (1)
Settlements with tax authorities.........................................     (49)     (15)       --
                                                                          -------- -------- --------
Balance at December 31,.................................................. $    532 $    532 $    525
                                                                          ======== ======== ========
Unrecognized tax benefits that, if recognized would impact the effective                            
  rate................................................................... $    491 $    466 $    459
                                                                          ======== ======== ========

  The Company classifies interest accrued related to unrecognized tax benefits
in interest expense, included within other expenses, while penalties are      
included in income tax expense.                                               

Interest was as follows:                                                        

                                                        [Enlarge/Download Table]

                                                                  Years Ended December 31,
                                                                  ----------------------  
                                                                   2013      2012   2011  
                                                                  -------   ------ -------
                                                                      (In millions)       
                                                                                          
Interest recognized in the consolidated statements of operations. $    17   $    8 $    27

                                                                             December 31, 
                                                                            --------------
                                                                             2013   2012  
                                                                            ------ -------
                                                                            (In millions) 
Interest included in other liabilities in the consolidated balance sheets.. $  228 $   211

  The Company had no penalties for the years ended December 31, 2013, 2012 and
2011.                                                                         

 The U.S. Treasury Department and the IRS have indicated that they intend to
address through regulations the methodology to be followed in determining the 
dividends received deduction ("DRD"), related to variable life insurance and  
annuity contracts. The DRD reduces the amount of dividend income subject to   
tax and is a significant component of the difference between the actual tax   
expense and expected amount determined using the federal statutory tax rate of
35%. Any regulations that the IRS ultimately proposes for issuance in this    
area will be subject to public notice and comment, at which time insurance    
companies and other interested parties will have the opportunity to raise     
legal and practical questions about the content, scope and application of such
regulations. As a result, the ultimate timing and substance of any such       
regulations are unknown at this time. For the years ended December 31, 2013   
and 2012, the Company recognized an income tax benefit of $53 million and $70 
million, respectively, related to the separate account DRD. The 2013 benefit  
included an expense of $7 million related to a true-up of the 2012 tax return.
The 2012 benefit included a benefit of $2 million related to a true-up of the 
2011 tax return.                                                              

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees                                   

Contingencies                                                                   

Litigation                                                                    

 The Company is a defendant in a large number of litigation matters. In some
of the matters, very large and/or indeterminate amounts, including punitive   
and treble damages, are sought. Modern pleading practice in the U.S. permits  
considerable variation in the assertion of monetary damages or other relief.  
Jurisdictions may permit claimants not to specify the monetary damages sought 
or may permit claimants to state only that the amount sought is sufficient to 
invoke the jurisdiction of the trial court. In addition, jurisdictions may    
permit plaintiffs to allege monetary damages in amounts well exceeding        
reasonably possible verdicts in the jurisdiction for similar matters. This    
variability in pleadings, together with the actual experience of the Company  
in litigating or resolving through settlement numerous claims over an extended
period of time, demonstrates to management that the monetary relief which may 
be specified in a lawsuit or claim bears little relevance to its merits or    
disposition value.                                                            

Due to the vagaries of litigation, the outcome of a litigation matter and 
the amount or range of potential loss at particular points in time may        
normally be difficult to ascertain. Uncertainties can include how fact finders
will evaluate documentary evidence and the credibility and effectiveness of   
witness testimony, and how trial and appellate courts will apply the law in   
the context of the pleadings or evidence presented, whether by motion         
practice, or at trial or on appeal. Disposition valuations are also subject to
the uncertainty of how opposing parties and their counsel will themselves view
the relevant evidence and applicable law.                                     

The Company establishes liabilities for litigation and regulatory loss    
contingencies when it is probable that a loss has been incurred and the amount
of the loss can be reasonably estimated. Liabilities have been established for
a number of the matters noted below. It is possible that some of the matters  
could require the Company to pay damages or make other expenditures or        
establish accruals in amounts that could not be estimated at December 31,     
2013. While the potential future charges could be material in the particular  
quarterly or annual periods in which they are recorded, based on information  
currently known to management, management does not believe any such charges   
are likely to have a material effect on the Company's financial position.     

Matters as to Which an Estimate Can Be Made                                 

  For some of the matters disclosed below, the Company is able to estimate a
reasonably possible range of loss. For such matters where a loss is believed
to be reasonably possible, but not probable, no accrual has been made. As of
December 31, 2013, the Company estimates the aggregate range of reasonably  
possible losses in excess of amounts accrued for these matters to be $0 to  
$360 million.                                                               

Matters as to Which an Estimate Cannot Be Made                              

For other matters disclosed below, the Company is not currently able to 
estimate the reasonably possible loss or range of loss. The Company is often
unable to estimate the possible loss or range of loss until developments in 
 such matters have provided sufficient information to support an assessment of
the range of possible loss, such as quantification of a damage demand from  
plaintiffs, discovery from other parties and investigation of factual       
 allegations, rulings by the court on motions or appeals, analysis by experts,
and the                                                                     

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

progress of settlement negotiations. On a quarterly and annual basis, the   
 Company reviews relevant information with respect to litigation contingencies
and updates its accruals, disclosures and estimates of reasonably possible  
losses or ranges of loss based on such reviews.                             

Asbestos-Related Claims                                                     

  Metropolitan Life Insurance Company is and has been a defendant in a large
 number of asbestos-related suits filed primarily in state courts. These suits
principally allege that the plaintiff or plaintiffs suffered personal injury
resulting from exposure to asbestos and seek both actual and punitive       
damages. Metropolitan Life Insurance Company has never engaged in the       
business of manufacturing, producing, distributing or selling asbestos or   
asbestos-containing products nor has Metropolitan Life Insurance Company    
issued liability or workers' compensation insurance to companies in the     
business of manufacturing, producing, distributing or selling asbestos or   
asbestos-containing products. The lawsuits principally have focused on      
allegations with respect to certain research, publication and other         
activities of one or more of Metropolitan Life Insurance Company's employees
 during the period from the 1920's through approximately the 1950's and allege
that Metropolitan Life Insurance Company learned or should have learned of  
certain health risks posed by asbestos and, among other things, improperly  
publicized or failed to disclose those health risks. Metropolitan Life      
Insurance Company believes that it should not have legal liability in these 
 cases. The outcome of most asbestos litigation matters, however, is uncertain
and can be impacted by numerous variables, including differences in legal   
rulings in various jurisdictions, the nature of the alleged injury and      
factors unrelated to the ultimate legal merit of the claims asserted against
Metropolitan Life Insurance Company. Metropolitan Life Insurance Company    
employs a number of resolution strategies to manage its asbestos loss       
exposure, including seeking resolution of pending litigation by judicial    
rulings and settling individual or groups of claims or lawsuits under       
appropriate circumstances.                                                  

 Claims asserted against Metropolitan Life Insurance Company have included
negligence, intentional tort and conspiracy concerning the health risks     
associated with asbestos. Metropolitan Life Insurance Company's defenses    
 (beyond denial of certain factual allegations) include that: (i) Metropolitan
Life Insurance Company owed no duty to the plaintiffs -- it had no special  
 relationship with the plaintiffs and did not manufacture, produce, distribute
or sell the asbestos products that allegedly injured plaintiffs;            
(ii) plaintiffs did not rely on any actions of Metropolitan Life Insurance  
Company; (iii) Metropolitan Life Insurance Company's conduct was not the    
cause of the plaintiffs' injuries; (iv) plaintiffs' exposure occurred after 
the dangers of asbestos were known; and (v) the applicable time with respect
to filing suit has expired. During the course of the litigation, certain    
 trial courts have granted motions dismissing claims against Metropolitan Life
Insurance Company, while other trial courts have denied Metropolitan Life   
 Insurance Company's motions. There can be no assurance that Metropolitan Life
Insurance Company will receive favorable decisions on motions in the future.
While most cases brought to date have settled, Metropolitan Life Insurance  
Company intends to continue to defend aggressively against claims based on  
asbestos exposure, including defending claims at trials.                    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

The approximate total number of asbestos personal injury claims pending   
against Metropolitan Life Insurance Company as of the dates indicated, the    
approximate number of new claims during the years ended on those dates and the
approximate total settlement payments made to resolve asbestos personal injury
claims at or during those years are set forth in the following table:         

                                                                [Download Table]

                                                     December 31,                  
                                             --------------------------------------
                                               2013         2012         2011      
                                              ---------    ---------    ---------  
                                             (In millions, except number of claims)
                                                                                   
Asbestos personal injury claims at year end.    67,983       65,812       66,747   
Number of new claims during the year........     5,898        5,303        4,972   
Settlement payments during the year (1)..... $    37.0    $    36.4    $    34.2   

--------                                                                        

(1)Settlement payments represent payments made by MLIC during the year in       
  connection with settlements made in that year and in prior years. Amounts do
not include MLIC's attorneys' fees and expenses and do not reflect amounts
received from insurance carriers.                                         

The number of asbestos cases that may be brought, the aggregate amount of 
any liability that Metropolitan Life Insurance Company may incur, and the     
total amount paid in settlements in any given year are uncertain and may vary 
significantly from year to year.                                              

 The ability of Metropolitan Life Insurance Company to estimate its ultimate
asbestos exposure is subject to considerable uncertainty, and the conditions  
impacting its liability can be dynamic and subject to change. The availability
of reliable data is limited and it is difficult to predict the numerous       
variables that can affect liability estimates, including the number of future 
claims, the cost to resolve claims, the disease mix and severity of disease in
pending and future claims, the impact of the number of new claims filed in a  
particular jurisdiction and variations in the law in the jurisdictions in     
which claims are filed, the possible impact of tort reform efforts, the       
willingness of courts to allow plaintiffs to pursue claims against            
Metropolitan Life Insurance Company when exposure to asbestos took place after
the dangers of asbestos exposure were well known, and the impact of any       
possible future adverse verdicts and their amounts.                           

 The ability to make estimates regarding ultimate asbestos exposure declines
significantly as the estimates relate to years further in the future. In the  
Company's judgment, there is a future point after which losses cease to be    
probable and reasonably estimable. It is reasonably possible that the         
Company's total exposure to asbestos claims may be materially greater than the
asbestos liability currently accrued and that future charges to income may be 
necessary. While the potential future charges could be material in the        
particular quarterly or annual periods in which they are recorded, based on   
information currently known by management, management does not believe any    
such charges are likely to have a material effect on the Company's financial  
position.                                                                     

The Company believes adequate provision has been made in its consolidated 
financial statements for all probable and reasonably estimable losses for     
asbestos-related claims. Metropolitan Life Insurance Company's recorded       
asbestos liability is based on its estimation of the following elements, as   
informed by the facts presently known to it, its understanding of current law 
and its past experiences: (i) the probable and reasonably estimable liability 
for asbestos claims already asserted against Metropolitan Life Insurance      
Company, including claims settled but not yet paid; (ii) the probable and     
reasonably estimable liability for asbestos claims not yet                    

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

asserted against Metropolitan Life Insurance Company, but which Metropolitan  
Life Insurance Company believes are reasonably probable of assertion; and     
(iii) the legal defense costs associated with the foregoing claims.           
Significant assumptions underlying Metropolitan Life Insurance Company's      
analysis of the adequacy of its recorded liability with respect to asbestos   
litigation include: (i) the number of future claims; (ii) the cost to resolve 
claims; and (iii) the cost to defend claims.                                  

Metropolitan Life Insurance Company reevaluates on a quarterly and annual 
basis its exposure from asbestos litigation, including studying its claims    
experience, reviewing external literature regarding asbestos claims experience
in the United States, assessing relevant trends impacting asbestos liability  
and considering numerous variables that can affect its asbestos liability     
exposure on an overall or per claim basis. These variables include            
bankruptcies of other companies involved in asbestos litigation, legislative  
and judicial developments, the number of pending claims involving serious     
disease, the number of new claims filed against it and other defendants and   
the jurisdictions in which claims are pending. Based upon its reevaluation of 
its exposure from asbestos litigation, Metropolitan Life Insurance Company has
updated its liability analysis for asbestos-related claims through            
December 31, 2013. The frequency of severe claims relating to asbestos has not
declined as expected, and Metropolitan Life Insurance Company has reflected   
this in its provisions. Accordingly, Metropolitan Life Insurance Company      
increased its recorded liability for asbestos related claims from $417 million
to $572 million at December 31, 2013.                                         

Regulatory Matters                                                          

The Company receives and responds to subpoenas or other inquiries from  
state regulators, including state insurance commissioners; state attorneys  
general or other state governmental authorities; federal regulators,        
including the U.S. Securities and Exchange Commission ("SEC") ; federal     
governmental authorities, including congressional committees; and the       
Financial Industry Regulatory Authority ("FINRA") seeking a broad range of  
information. The issues involved in information requests and regulatory     
matters vary widely. The Company cooperates in these inquiries.             

  In the Matter of Chemform, Inc. Site, Pompano Beach, Broward County, Florida

In July 2010, the Environmental Protection Agency ("EPA") advised       
Metropolitan Life Insurance Company that it believed payments were due under
two settlement agreements, known as "Administrative Orders on Consent," that
New England Mutual Life Insurance Company ("New England Mutual") signed in  
 1989 and 1992 with respect to the cleanup of a Superfund site in Florida (the
"Chemform Site"). The EPA originally contacted Metropolitan Life Insurance  
Company (as successor to New England Mutual) and a third party in 2001, and 
advised that they owed additional clean-up costs for the Chemform Site. The 
matter was not resolved at that time. The EPA is requesting payment of an   
amount under $1 million from Metropolitan Life Insurance Company and such   
third party for past costs and an additional amount for future environmental
testing costs at the Chemform Site. In June 2012, the EPA, Metropolitan Life
Insurance Company and the third party executed an Administrative Order on   
Consent under which Metropolitan Life Insurance Company and the third party 
have agreed to be responsible for certain environmental testing at the      
Chemform site. The Company estimates that its costs for the environmental   
testing will not exceed $100,000. The June 2012 Administrative Order on     
 Consent does not resolve the EPA's claim for past clean-up costs. The EPA may
seek additional costs if the environmental testing identifies issues. The   
Company estimates that the aggregate cost to resolve this matter will not   
exceed $1 million.                                                          

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Metropolitan Life Insurance Company 
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Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

Metco Site, Hicksville, Nassau County, New York                           

On February 22, 2012, the New York State Department of Environmental    
Conservation ("Department of Environmental Conservation") issued a notice to
Metropolitan Life Insurance Company, as purported successor in interest to  
New England Mutual, that it is a potentially responsible party with respect 
to hazardous substances and hazardous waste located on a property that New  
England Mutual owned for a time in 1978. Metropolitan Life Insurance Company
has responded to the Department of Environmental Conservation and asserted  
that it is not a potentially responsible party under the law.               

Sales Practices Regulatory Matters.                                       

Regulatory authorities in a small number of states and FINRA, and       
occasionally the SEC, have had investigations or inquiries relating to sales
of individual life insurance policies or annuities or other products by     
Metropolitan Life Insurance Company, NELICO, GALIC, and broker dealer New   
England Securities Corporation. These investigations often focus on the     
conduct of particular financial services representatives and the sale of    
unregistered or unsuitable products or the misuse of client assets. Over the
past several years, these and a number of investigations by other regulatory
authorities were resolved for monetary payments and certain other relief,   
including restitution payments. The Company may continue to resolve         
investigations in a similar manner. The Company believes adequate provision 
has been made in its consolidated financial statements for all probable and 
reasonably estimable losses for these sales practices-related investigations
or inquiries.                                                               

Unclaimed Property Litigation and Inquiries                                 

In 2012, MetLife, Inc., for itself and on behalf of entities including  
Metropolitan Life Insurance Company, reached agreements with representatives
of the U.S. jurisdictions that were conducting audits of MetLife, Inc. and  
 certain of its affiliates, including Metropolitan Life Insurance Company, for
compliance with unclaimed property laws, and with state insurance regulators
directly involved in a multistate targeted market conduct examination       
relating to claim-payment practices and compliance with unclaimed property  
laws. In the first quarter of 2012, the Company recorded a $47 million after
tax charge for the multistate examination payment and the expected          
acceleration of benefit payments to policyholders under the settlements. On 
September 20, 2012, the West Virginia Treasurer filed an action against     
Metropolitan Life Insurance Company in West Virginia state court (West      
Virginia ex rel. John D. Perdue v. Metropolitan Life Insurance Company,     
Circuit Court of Putnam County, Civil Action No. 12-C-295) alleging that    
Metropolitan Life Insurance Company violated the West Virginia Uniform      
Unclaimed Property Act, seeking to compel compliance with the Act, and      
seeking payment of unclaimed property, interest, and penalties. On          
November 21, 2012 and January 9, 2013, the Treasurer filed substantially    
 identical suits against NELICO and GALIC, respectively. On December 30, 2013,
the court granted defendants' motions to dismiss all of the West Virginia   
 Treasurer's actions. The Treasurer has filed a notice to appeal the dismissal
order. At least one other jurisdiction is pursuing a market conduct         
examination concerning compliance with unclaimed property statutes. It is   
 possible that other jurisdictions may pursue similar examinations, audits, or
lawsuits and that such actions may result in additional payments to         
beneficiaries, additional escheatment of funds deemed abandoned under state 
laws, administrative penalties, interest, and/or further changes to the     
Company's procedures. The Company is not currently able to estimate these   
additional possible costs.                                                  

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

Total Asset Recovery Services, LLC on behalf of the State of Florida v.     
MetLife, Inc., et. al. (Cir. Ct. Leon County, FL, filed October 27, 2010)   

 Alleging that MetLife, Inc. and another company have violated the Florida
Disposition of Unclaimed Property law by failing to escheat to Florida      
benefits of 9,022 life insurance contracts, Total Asset Recovery Services,  
LLC ("the Relator") has brought an action under the Florida False Claims Act
seeking to recover damages on behalf of Florida. The action had been sealed 
by court order until December 17, 2012. The Relator alleges that the        
aggregate damages attributable to MetLife, Inc., including statutory damages
and treble damages, are $767 million. The Relator also bases its damage     
calculation in part on its assumption that the average face amount of the   
subject policies is $120,000. MetLife, Inc. strongly disputes this          
assumption, the Relator's alleged damages amounts, and other allegations in 
the complaint. On December 14, 2012, the Florida Attorney General apprised  
the court that the State of Florida declined to intervene in the action and 
noted that the allegations in the complaint ". . . are very similar (if not 
identical) to those raised in regulatory investigations of the defendants   
that predated the filing of the action" and that those regulatory           
investigations have been resolved. On August 20, 2013, the court granted    
defendants' motion to dismiss the action. The Relator has appealed the      
dismissal.                                                                  

Total Control Accounts Litigation                                           

Metropolitan Life Insurance Company is a defendant in a consolidated    
 lawsuit related to its use of retained asset accounts, known as Total Control
Accounts ("TCA"), as a settlement option for death benefits.                

 Keife, et al. v. Metropolitan Life Insurance Company (D. Nev., filed in state
court on July 30, 2010 and removed to federal court on September 7, 2010);  
and Simon v. Metropolitan Life Insurance Company (D. Nev., filed November 3,
2011)                                                                       

 These putative class action lawsuits, which have been consolidated, raise
breach of contract claims arising from Metropolitan Life Insurance Company's
use of the TCA to pay life insurance benefits under the Federal Employees'  
Group Life Insurance program. On March 8, 2013, the court granted           
 Metropolitan Life Insurance Company's motion for summary judgment. Plaintiffs
have appealed that decision to the United States Court of Appeals for the   
Ninth Circuit.                                                              

Other Litigation                                                            

Merrill Haviland, et al. v. Metropolitan Life Insurance Company (E.D. Mich.,
removed to federal court on July 22, 2011)                                  

This lawsuit was filed by 45 retired General Motors ("GM") employees    
against Metropolitan Life Insurance Company and the amended complaint       
 includes claims for conversion, unjust enrichment, breach of contract, fraud,
intentional infliction of emotional distress, fraudulent insurance acts,    
unfair trade practices, and ERISA claims based upon GM's 2009 reduction of  
the employees' life insurance coverage under GM's ERISA-governed plan. The  
complaint includes a count seeking class action status. Metropolitan Life   
Insurance Company is the insurer of GM's group life insurance plan and      
administers claims under the plan. According to the complaint, Metropolitan 
Life Insurance Company had previously provided plaintiffs with a "written   
guarantee" that their life insurance benefits under the GM plan would not be
reduced for the rest of                                                     

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Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

their lives. On June 26, 2012, the district court granted Metropolitan Life 
Insurance Company's motion to dismiss the complaint. Plaintiffs appealed and
the United States Court of Appeals for the Sixth Circuit affirmed the       
dismissal of the action on September 12, 2013.                              

McGuire v. Metropolitan Life Insurance Company (E.D. Mich., filed           
February 22, 2012)                                                          

This lawsuit was filed by the fiduciary for the Union Carbide Employees'
Pension Plan and alleges that Metropolitan Life Insurance Company, which    
issued annuity contracts to fund some of the benefits the Plan provides,    
engaged in transactions that ERISA prohibits and violated duties under ERISA
and federal common law by determining that no dividends were payable with   
respect to the contracts from and after 1999. On September 26, 2012, the    
court denied Metropolitan Life Insurance Company's motion to dismiss the    
complaint. The trial has been scheduled for June 2014.                      

Sun Life Assurance Company of Canada Indemnity Claim                        

   In 2006, Sun Life Assurance Company of Canada ("Sun Life"), as successor to
the purchaser of Metropolitan Life Insurance Company's Canadian operations, 
filed a lawsuit in Toronto, seeking a declaration that Metropolitan Life    
Insurance Company remains liable for "market conduct claims" related to     
certain individual life insurance policies sold by Metropolitan Life        
Insurance Company and that have been transferred to Sun Life. Sun Life had  
 asked that the court require Metropolitan Life Insurance Company to indemnify
Sun Life for these claims pursuant to indemnity provisions in the sale      
agreement for the sale of Metropolitan Life Insurance Company's Canadian    
operations entered into in June of 1998. In January 2010, the court found   
that Sun Life had given timely notice of its claim for indemnification but, 
because it found that Sun Life had not yet incurred an indemnifiable loss,  
granted Metropolitan Life Insurance Company's motion for summary judgment.  
Both parties appealed but subsequently agreed to withdraw the appeal and    
 consider the indemnity claim through arbitration. In September 2010, Sun Life
notified Metropolitan Life Insurance Company that a purported class action  
 lawsuit was filed against Sun Life in Toronto, Fehr v. Sun Life Assurance Co.
(Super. Ct., Ontario, September 2010), alleging sales practices claims      
regarding the same individual policies sold by Metropolitan Life Insurance  
Company and transferred to Sun Life. An amended class action complaint in   
that case was served on Sun Life, again without naming Metropolitan Life    
Insurance Company as a party. On August 30, 2011, Sun Life notified         
 Metropolitan Life Insurance Company that a purported class action lawsuit was
 filed against Sun Life in Vancouver, Alamwala v. Sun Life Assurance Co. (Sup.
Ct., British Columbia, August 2011), alleging sales practices claims        
regarding certain of the same policies sold by Metropolitan Life Insurance  
 Company and transferred to Sun Life. Sun Life contends that Metropolitan Life
Insurance Company is obligated to indemnify Sun Life for some or all of the 
claims in these lawsuits. These sales practices cases against Sun Life are  
 ongoing and the Company is unable to estimate the reasonably possible loss or
range of loss arising from this litigation.                                 

C-Mart, Inc. v. Metropolitan Life Ins. Co., et al. (S.D. Fla., January 10,  
2013). Cadenasso v. Metropolitan Life Insurance Co., et al. (N.D. Cal.,     
November 26, 2013).                                                         

  Plaintiffs filed these lawsuits against defendants, including Metropolitan
Life Insurance Company and a former MetLife financial services              
representative, alleging that the defendants sent unsolicited fax           
 advertisements to plaintiff and others in violation of the Telephone Consumer
Protection Act, as amended by the Junk Fax Prevention Act, 47 U.S.C. (S) 227
("TCPA"). In the C-Mart case, the court granted plaintiff's                 

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Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

motion to certify a class of approximately 36,000 persons in Missouri who,  
 during the period of August 7, 2012 through September 6, 2012, were allegedly
sent an unsolicited fax in violation of the TCPA. Trial is set for May 2014.
 In the Cadenasso case, plaintiff seeks certification of a nationwide class of
persons (except for Missouri residents) who were allegedly sent millions of 
 unsolicited faxes in violation of the TCPA. In both cases, plaintiffs seek an
award of statutory damages under the TCPA in the amount of $500 for each    
violation and to have such damages trebled.                                 

Sales Practices Claims                                                      

Over the past several years, the Company has faced numerous claims,     
including class action lawsuits, alleging improper marketing or sales of    
individual life insurance policies, annuities, mutual funds or other        
products. Some of the current cases seek substantial damages, including     
punitive and treble damages and attorneys' fees. The Company continues to   
vigorously defend against the claims in these matters. The Company believes 
 adequate provision has been made in its consolidated financial statements for
all probable and reasonably estimable losses for sales practices matters.   

Summary                                                                     

Putative or certified class action litigation and other litigation and  
claims and assessments against the Company, in addition to those discussed  
previously and those otherwise provided for in the Company's consolidated   
financial statements, have arisen in the course of the Company's business,  
including, but not limited to, in connection with its activities as an      
insurer, employer, investor, investment advisor and taxpayer. Further, state
insurance regulatory authorities and other federal and state authorities    
regularly make inquiries and conduct investigations concerning the Company's
compliance with applicable insurance and other laws and regulations.        

It is not possible to predict the ultimate outcome of all pending       
investigations and legal proceedings. In some of the matters referred to    
previously, very large and/or indeterminate amounts, including punitive and 
treble damages, are sought. Although in light of these considerations it is 
possible that an adverse outcome in certain cases could have a material     
effect upon the Company's financial position, based on information currently
known by the Company's management, in its opinion, the outcomes of such     
pending investigations and legal proceedings are not likely to have such an 
effect. However, given the large and/or indeterminate amounts sought in     
certain of these matters and the inherent unpredictability of litigation, it
is possible that an adverse outcome in certain matters could, from time to  
 time, have a material effect on the Company's consolidated net income or cash
flows in particular quarterly or annual periods.                            

Insolvency Assessments                                                        

Most of the jurisdictions in which the Company is admitted to transact    
business require insurers doing business within the jurisdiction to           
participate in guaranty associations, which are organized to pay contractual  
benefits owed pursuant to insurance policies issued by impaired, insolvent or 
failed insurers. These associations levy assessments, up to prescribed limits,
on all member insurers in a particular state on the basis of the proportionate
share of the premiums written by member insurers in the lines of business in  
which the impaired, insolvent or failed insurer engaged. Some states permit   
member insurers to recover assessments paid through full or partial premium   
tax offsets.                                                                  

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Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

Assets and liabilities held for insolvency assessments were as follows:   

                                                                [Download Table]

                                                                December 31,  
                                                               ---------------
                                                                2013    2012  
                                                               ------- -------
                                                                (In millions) 
                                                                              
Other Assets:                                                                 
 Premium tax offset for future undiscounted assessments....... $    46 $    85
 Premium tax offsets currently available for paid assessments.      54      12
                                                               ------- -------
                                                               $   100 $    97
                                                               ======= =======
Other Liabilities:                                                            
 Insolvency assessments....................................... $    67 $   136
                                                               ======= =======

On September 1, 2011, the New York State Department of Financial Services 
filed a liquidation plan for Executive Life Insurance Company of New York     
("ELNY"), which had been under rehabilitation by the Liquidation Bureau since 
1991. The plan involves the satisfaction of insurers' financial obligations   
under a number of state life and health insurance guaranty associations and   
also provides additional industry support for certain ELNY policyholders. The 
Company recorded a net charge (benefit) of ($23) million, $22 million and $21 
million, net of income tax, during the years ended December 31, 2013, 2012 and
2011, respectively, related to ELNY.                                          

Commitments                                                                     

Leases                                                                      

The Company, as lessee, has entered into various lease and sublease     
agreements for office space, information technology and other equipment.    
 Future minimum gross rental payments relating to these lease arrangements are
as follows:                                                                 

                                                                [Download Table]

               Amount    
            -------------
            (In millions)
                         
2014.......   $    232   
2015.......        204   
2016.......        171   
2017.......        128   
2018.......        114   
Thereafter.        757   
              --------   
Total......   $  1,606   
              ========   

Total minimum rentals to be received in the future under non-cancelable 
subleases are $131 million as of December 31, 2013.                         

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Notes to the Consolidated Financial Statements -- (Continued) 

17. Contingencies, Commitments and Guarantees (continued)                       

Commitments to Fund Partnership Investments                                   

 The Company makes commitments to fund partnership investments in the normal
course of business. The amounts of these unfunded commitments were $2.7       
billion and $2.2 billion at December 31, 2013 and 2012, respectively. The     
Company anticipates that these amounts will be invested in partnerships over  
the next five years.                                                          

Mortgage Loan Commitments                                                     

The Company commits to lend funds under mortgage loan commitments. The    
amounts of these mortgage loan commitments were $3.1 billion and $2.7 billion 
at December 31, 2013 and 2012, respectively.                                  

Commitments to Fund Bank Credit Facilities, Bridge Loans and Private Corporate
Bond Investments                                                                

  The Company commits to lend funds under bank credit facilities, bridge loans
and private corporate bond investments. The amounts of these unfunded         
commitments were $687 million and $971 million at December 31, 2013 and 2012, 
respectively.                                                                 

Guarantees                                                                      

In the normal course of its business, the Company has provided certain      
indemnities, guarantees and commitments to third parties such that it may be    
required to make payments now or in the future. In the context of acquisition,  
disposition, investment and other transactions, the Company has provided        
indemnities and guarantees, including those related to tax, environmental and   
other specific liabilities and other indemnities and guarantees that are        
triggered by, among other things, breaches of representations, warranties or    
covenants provided by the Company. In addition, in the normal course of         
business, the Company provides indemnifications to counterparties in contracts  
with triggers similar to the foregoing, as well as for certain other            
liabilities, such as third-party lawsuits. These obligations are often subject  
to time limitations that vary in duration, including contractual limitations    
and those that arise by operation of law, such as applicable statutes of        
limitation. In some cases, the maximum potential obligation under the           
indemnities and guarantees is subject to a contractual limitation ranging from  
less than $1 million to $800 million, with a cumulative maximum of $1.0         
billion, while in other cases such limitations are not specified or applicable. 
Since certain of these obligations are not subject to limitations, the Company  
does not believe that it is possible to determine the maximum potential amount  
that could become due under these guarantees in the future. Management believes 
that it is unlikely the Company will have to make any material payments under   
these indemnities, guarantees, or commitments.                                  

In addition, the Company indemnifies its directors and officers as provided 
in its charters and by-laws. Also, the Company indemnifies its agents for       
liabilities incurred as a result of their representation of the Company's       
interests. Since these indemnities are generally not subject to limitation with 
respect to duration or amount, the Company does not believe that it is possible 
to determine the maximum potential amount that could become due under these     
indemnities in the future.                                                      

The Company's recorded liabilities were $3 million and $4 million at        
December 31, 2013 and 2012, respectively, for indemnities, guarantees and       
commitments.                                                                    

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Notes to the Consolidated Financial Statements -- (Continued) 

18. Quarterly Results of Operations (Unaudited)                                 

The unaudited quarterly results of operations for 2013 and 2012 are         
summarized in the table below:                                                  

                                                        [Enlarge/Download Table]

                                                                               Three Months Ended              
                                                                  ---------------------------------------------
                                                                  March 31, June 30, September 30, December 31,
                                                                  --------- -------- ------------- ------------
                                                                                  (In millions)                
                                                                                                               
2013:                                                                                                          
Total revenues................................................... $  8,766  $  8,632   $  8,018      $  9,884  
Total expenses................................................... $  7,843  $  7,771   $  7,758      $  9,106  
Income (loss) from continuing operations, net of income tax...... $    673  $    646   $    242      $    580  
Income (loss) from discontinued operations, net of income tax.... $     --  $     --   $     --      $      1  
Net income (loss)................................................ $    673  $    646   $    242      $    581  
Less: Net income (loss) attributable to noncontrolling interests. $    (1)  $      3   $    (5)      $    (4)  
Net income (loss) attributable to Metropolitan Life                                                            
  Insurance Company.............................................. $    674  $    643   $    247      $    585  
2012:                                                                                                          
Total revenues................................................... $  7,635  $ 10,048   $  8,159      $ 10,204  
Total expenses................................................... $  7,502  $  7,656   $  7,639      $  9,551  
Income (loss) from continuing operations, net of income tax...... $    139  $  1,605   $    396      $    503  
Income (loss) from discontinued operations, net of income tax.... $     14  $      3   $     --      $     23  
Net income (loss)................................................ $    153  $  1,608   $    396      $    526  
Less: Net income (loss) attributable to noncontrolling interests. $     --  $      4   $    (6)      $      4  
Net income (loss) attributable to Metropolitan Life                                                            
  Insurance Company.............................................. $    153  $  1,604   $    402      $    522  

19. Related Party Transactions                                                  

Service Agreements                                                              

The Company has entered into various agreements with affiliates for services
necessary to conduct its activities. Typical services provided under these      
agreements include personnel, policy administrative functions and distribution  
services. For certain agreements, charges are based on various performance      
measures or activity-based costing. The bases for such charges are modified and 
adjusted by management when necessary or appropriate to reflect fairly and      
equitably the actual incidence of cost incurred by the Company and/or           
affiliate. Expenses and fees incurred with affiliates related to these          
agreements, recorded in other expenses, were $2.4 billion, $2.6 billion and     
$2.8 billion for the years ended December 31, 2013, 2012 and 2011,              
respectively. Revenues received from affiliates related to these agreements     
recorded in universal life and investment-type product policy fees were $127    
million, $108 million and $94 million for the years ended December 31, 2013,    
2012 and 2011, respectively. Revenues received from affiliates related to these 
agreements recorded in other revenues were $142 million, $113 million and $46   
million for the years ended December 31, 2013, 2012 and 2011, respectively.     

The Company also entered into agreements with affiliates to provide         
additional services necessary to conduct the affiliates' activities. Typical    
services provided under these agreements include management, policy             
administrative functions, investment advice and distribution services. Expenses 
incurred by the Company related to these agreements, included in other          
expenses, were $1.4 billion, $1.6 billion and $1.6 billion for the years ended  
December 31, 2013, 2012 and 2011, respectively, and were reimbursed to the      
Company by these affiliates.                                                    

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Notes to the Consolidated Financial Statements -- (Continued) 

19. Related Party Transactions (continued)                                      

The Company had net payables to affiliates, related to the items discussed  
above, of $327 million and $346 million at December 31, 2013 and 2012,          
respectively.                                                                   

See Notes 6, 8 and 12 for additional information on related party           
transactions.                                                                   

20. Subsequent Events                                                           

In the second quarter of 2013, MetLife, Inc. announced its plans to merge   
three U.S.-based life insurance companies and an offshore reinsurance           
subsidiary to create one larger U.S.-based and U.S.-regulated life insurance    
company (the "Mergers"). The companies to be merged are MICC, MLI-USA and       
MLIIC, each a U.S. insurance company that issues variable annuity products in   
addition to other products, and Exeter, a reinsurance company that mainly       
reinsures guarantees associated with variable annuity products. MICC, which is  
expected to be renamed and domiciled in Delaware, will be the surviving entity. 
Exeter, formerly a Cayman Islands company, was re-domesticated to Delaware in   
October 2013, resulting in a redistribution of assets held in trust and the     
cancellation of outstanding letters of credit which were no longer required.    
Effective January 1, 2014, following receipt of New York State Department of    
Financial Services approval, MICC withdrew its license to issue insurance       
policies and annuity contracts in New York. Also effective January 1, 2014,     
MICC reinsured with Metropolitan Life Insurance Company all existing New York   
insurance policies and annuity contracts that include a separate account        
feature. As a result of the reinsurance agreements, Metropolitan Life Insurance 
Company recorded a funds withheld asset, included in other invested assets, of  
$100 million, a deposit liability, included in other liabilities, of $448       
million, an assumed reserve, included in policyholder account balances, of $100 
million, and received cash and investments of $448 million from MICC. On        
December 31, 2013, MICC deposited qualifying investments into a custodial       
account, which became restricted to secure MICC's remaining New York            
policyholder liabilities not covered by such reinsurance on January 1, 2014. In 
anticipation of establishing this custodial account with qualifying             
investments, Metropolitan Life Insurance Company transferred investments with   
an estimated fair value of $751 million to MICC and received from MICC          
qualifying investments with an estimated fair value of $739 million and cash of 
$12 million in the fourth quarter of 2013. See Note 8. The Mergers are expected 
to occur in the fourth quarter of 2014, subject to regulatory approvals.        

At December 31, 2013, the Company consolidated the MetLife Core Property    
Fund, a newly formed open ended core real estate fund. As a result of the       
quarterly reassessment in the first quarter of 2014, it was determined that the 
MetLife Core Property Fund no longer meets the requirements of a consolidated   
VIE; accordingly, it will be deconsolidated effective March 31, 2014. See Note  
8.                                                                              

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Metropolitan Life Insurance Company 
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Schedule I  
Consolidated Summary of Investments --  
Other Than Investments in Related Parties 
December 31, 2013 
(In millions) 

                                                        [Enlarge/Download Table]

                                                                                  Amount at   
                                                   Cost or       Estimated Fair Which Shown on
Types of Investments                          Amortized Cost (1)     Value      Balance Sheet 
--------------------                          ------------------ -------------- --------------
                                                                                              
Fixed maturity securities:                                                                    
Bonds:                                                                                        
Foreign government securities................    $      3,040     $      3,530   $      3,530 
U.S. Treasury and agency securities..........          29,508           30,544         30,544 
Public utilities.............................          14,765           16,267         16,267 
State and political subdivision securities...           5,386            5,777          5,777 
All other corporate bonds....................          71,126           75,299         75,299 
                                                 ------------     ------------   ------------ 
Total bonds..................................         123,825          131,417        131,417 
Mortgage-backed and asset-backed securities..          40,111           40,910         40,910 
Redeemable preferred stock...................           1,435            1,419          1,419 
                                                 ------------     ------------   ------------ 
Total fixed maturity securities..............         165,371          173,746        173,746 
                                                 ------------     ------------   ------------ 
Trading and fair value option securities.....             718              723            723 
                                                 ------------     ------------   ------------ 
Equity securities:                                                                            
Common stock:                                                                                 
Industrial, miscellaneous and all other......           1,070            1,164          1,164 
Non-redeemable preferred stock...............             743              728            728 
                                                 ------------     ------------   ------------ 
Total equity securities......................           1,813            1,892          1,892 
                                                 ------------     ------------   ------------ 
Mortgage loans:                                                                               
Held-for-investment..........................          46,021                          46,021 
Held-for-sale................................               3                               3 
                                                 ------------                    ------------ 
Mortgage loans, net..........................          46,024                          46,024 
                                                 ------------                    ------------ 
Policy loans.................................           8,421                           8,421 
Real estate and real estate joint ventures...           7,449                           7,449 
Real estate acquired in satisfaction of debt.             349                             349 
Other limited partnership interests..........           4,716                           4,716 
Short-term investments.......................           5,962                           5,962 
Other invested assets........................          10,589                          10,589 
                                                 ------------                    ------------ 
Total investments............................    $    251,412                    $    259,871 
                                                 ============                    ============ 

--------                                                                        

(1)The Company's trading and fair value option securities portfolio is mainly   
comprised of fixed maturity and equity securities, including mutual funds 
and, to a lesser extent, short-term investments and cash and cash         
equivalents. Cost or amortized cost for fixed maturity securities and     
mortgage loans held-for-investment represents original cost reduced by    
repayments, valuation allowances and impairments from other-than-temporary
declines in estimated fair value that are charged to earnings and adjusted
for amortization of premiums or accretion of discounts; for equity        
securities, cost represents original cost reduced by impairments from     
  other-than-temporary declines in estimated fair value; for real estate, cost
represents original cost reduced by impairments and adjusted for valuation
allowances and depreciation; for real estate joint ventures and other     
limited partnership interests cost represents original cost reduced for   
impairments or original cost adjusted for equity in earnings and          
distributions.                                                            

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(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule III  
Consolidated Supplementary Insurance Information  
December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                              Future Policy Benefits,                                                        
                               Other Policy-Related                                                          
                       DAC         Balances and       Policyholder Policyholder                              
                       and     Policyholder Dividend    Account     Dividends       Unearned       Unearned  
Segment                VOBA         Obligation          Balances     Payable    Premiums (1), (2) Revenue (1)
-------              -------- ----------------------- ------------ ------------ ----------------- -----------
                                                                                                             
2013                                                                                                         
Retail.............. $  5,990       $   62,912         $  30,434      $  601         $   36         $  507   
Group, Voluntary &                                                                                           
  Worksite Benefits.      333           19,460             8,575          --            236             --   
Corporate Benefit                                                                                            
  Funding...........       93           36,452            53,489          --             --             31   
Corporate & Other...       --              581                --          --              1             --   
                     --------       ----------         ---------      ------         ------         ------   
Total............... $  6,416       $  119,405         $  92,498      $  601         $  273         $  538   
                     ========       ==========         =========      ======         ======         ======   
2012                                                                                                         
Retail.............. $  5,407       $   64,757         $  31,393      $  610         $   36         $  539   
Group, Voluntary &                                                                                           
  Worksite Benefits.      337           19,599             8,918          --            248             --   
Corporate Benefit                                                                                            
  Funding...........       88           38,645            54,406          --             --             38   
Corporate & Other...       --              476                (1)         --             --             --   
                     --------       ----------         ---------      ------         ------         ------   
Total............... $  5,832       $  123,477         $  94,716      $  610         $  284         $  577   
                     ========       ==========         =========      ======         ======         ======   
2011                                                                                                         
Retail.............. $  5,921       $   63,460         $  31,811      $  659         $   38         $  556   
Group, Voluntary &                                                                                           
  Worksite Benefits.      342           18,207             9,273          --            226             --   
Corporate Benefit                                                                                            
  Funding...........       76           36,004            47,748          --             --             47   
Corporate & Other...        2              457                24          --             --             --   
                     --------       ----------         ---------      ------         ------         ------   
Total............... $  6,341       $  118,128         $  88,856      $  659         $  264         $  603   
                     ========       ==========         =========      ======         ======         ======   

--------                                                                        

(1)Amounts are included within the future policy benefits, other policy-related 
balances and policyholder dividend obligation column.                     

(2)Includes premiums received in advance.                                       

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Metropolitan Life Insurance Company 
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Schedule III -- (Continued) 
Consolidated Supplementary Insurance Information  
December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                                              Policyholder                                
                                                              Benefits and                                
                                       Premium                 Claims and     Amortization of             
                                       Revenue      Net     Interest Credited  DAC and VOBA      Other    
                                      and Policy Investment  to Policyholder    Charged to     Operating  
Segment                                Charges     Income   Account Balances  Other Expenses  Expenses (1)
-------                               ---------- ---------- ----------------- --------------- ------------
                                                                                                          
2013                                                                                                      
Retail............................... $   5,456  $   5,067      $   6,059         $  217        $  2,971  
Group, Voluntary & Worksite Benefits.    14,420      1,618         13,346             25           1,970  
Corporate Benefit Funding............     2,886      4,680          5,813             19             474  
Corporate & Other....................        76        420             67             --           1,517  
                                      ---------  ---------      ---------         ------        --------  
Total................................ $  22,838  $  11,785      $  25,285         $  261        $  6,932  
                                      =========  =========      =========         ======        ========  
2012                                                                                                      
Retail............................... $   5,379  $   5,113      $   6,121         $  948        $  3,067  
Group, Voluntary & Worksite Benefits.    13,937      1,540         12,747             29           1,878  
Corporate Benefit Funding............     2,802      4,636          5,792             12             421  
Corporate & Other....................         1        563             (1)             2           1,332  
                                      ---------  ---------      ---------         ------        --------  
Total................................ $  22,119  $  11,852      $  24,659         $  991        $  6,698  
                                      =========  =========      =========         ======        ========  
2011                                                                                                      
Retail............................... $   5,397  $   5,183      $   6,099         $  765        $  3,302  
Group, Voluntary & Worksite Benefits.    13,117      1,545         12,058             95           1,753  
Corporate Benefit Funding............     1,975      4,478          4,892             14             461  
Corporate & Other....................         1        409              4              1           1,435  
                                      ---------  ---------      ---------         ------        --------  
Total................................ $  20,490  $  11,615      $  23,053         $  875        $  6,951  
                                      =========  =========      =========         ======        ========  

--------                                                                        

(1)Includes other expenses and policyholder dividends, excluding amortization   
of deferred policy acquisition costs ("DAC") and value of business        
acquired ("VOBA") charged to other expenses.                              

175 

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Metropolitan Life Insurance Company 
(A Wholly-Owned Subsidiary of MetLife, Inc.)  

Schedule IV 
Consolidated Reinsurance  
December 31, 2013, 2012 and 2011  
(In millions) 

                                                        [Enlarge/Download Table]

                                                                                  % Amount   
                               Gross Amount   Ceded     Assumed    Net Amount  Assumed to Net
                               ------------ ---------- ---------- ------------ --------------
                                                                                             
2013                                                                                         
Life insurance in-force....... $  2,940,853 $  401,576 $  844,946 $  3,384,223      25.0%    
                               ============ ========== ========== ============               
Insurance premium                                                                            
Life insurance................ $     13,820 $    1,187 $    1,423 $     14,056      10.1%    
Accident and health insurance.        6,470         97         46        6,419       0.7%    
                               ------------ ---------- ---------- ------------               
Total insurance premium....... $     20,290 $    1,284 $    1,469 $     20,475       7.2%    
                               ============ ========== ========== ============               
2012                                                                                         
Life insurance in-force....... $  2,914,815 $  417,026 $  785,391 $  3,283,180      23.9%    
                               ============ ========== ========== ============               
Insurance premium                                                                            
Life insurance................ $     18,982 $      756 $      794 $     19,020       4.2%    
Accident and health insurance.          839        535        556          860      64.6%    
                               ------------ ---------- ---------- ------------               
Total insurance premium....... $     19,821 $    1,291 $    1,350 $     19,880       6.8%    
                               ============ ========== ========== ============               
2011                                                                                         
Life insurance in-force....... $  2,883,535 $  436,286 $  766,216 $  3,213,465      23.8%    
                               ============ ========== ========== ============               
Insurance premium                                                                            
Life insurance................ $     17,572 $      862 $      694 $     17,404       4.0%    
Accident and health insurance.          863        525        546          884      61.8%    
                               ------------ ---------- ---------- ------------               
Total insurance premium....... $     18,435 $    1,387 $    1,240 $     18,288       6.8%    
                               ============ ========== ========== ============               

For the year ended December 31, 2013, reinsurance ceded and assumed included
affiliated transactions for life insurance in-force of $26.1 billion and $259.6 
billion, respectively, and life insurance premiums of $45 million and $451      
million, respectively. For the year ended December 31, 2012, reinsurance ceded  
and assumed included affiliated transactions for life insurance in-force of     
$27.4 billion and $230.6 billion, respectively, and life insurance premiums of  
$54 million and $319 million, respectively. For the year ended December 31,     
2011, reinsurance ceded and assumed included affiliated transactions for life   
insurance in-force of $28.7 billion and $189.6 billion, respectively, and life  
insurance premiums of $51 million and $169 million, respectively.               

 Previously reported life insurance in-force amounts for reinsurance ceded for
the years ended December 31, 2012 and 2011 have been reduced by $1,551.9        
billion and $1,427.0 billion, respectively, to remove the effects of            
transactions with a subsidiary for life insurance in-force and certain          
reinsurance agreements recorded using the deposit method of accounting. The     
related 2012 and 2011 net amounts illustrated in the table above have also been 
amended by the same amounts. The Company believes the effects of these          
reductions are immaterial to the prior periods.                                 

176 

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PART C  

OTHER INFORMATION 

ITEM 24. FINANCIAL STATEMENTS AND EXHIBITS                                      

(a) The financial statements and financial highlights comprising each of the    
 individual Investment Divisions of the Separate Account and the report of
  Independent Registered Public Accounting Firm thereto are contained in the
Separate Account's Annual Report and are included in the Statement of   
Additional Information. The financial statements of the Separate Account
include:                                                                

(1) Statements of Assets and Liabilities as of December 31, 2013                

(2) Statements of Operations for the year ended December 31, 2013               

(3) Statements of Changes in Net Assets for the years ended December 31, 2013   
and 2012                                                                    

(4) Notes to the Financial Statements                                           

(b) The consolidated financial statements of Metropolitan Life Insurance        
Company and subsidiaries and report of Independent Registered Public    
 Accounting Firm, are included in the Statement of Additional Information.
The consolidated financial statements of Metropolitan Life Insurance    
Company and subsidiaries include:                                       

(1) Consolidated Balance Sheets as of December 31, 2013 and 2012                

(2) Consolidated Statements of Operations for the years ended December 31,      
2013, 2012 and 2011                                                         

(3) Consolidated Statements of Comprehensive Income (Loss) for the years ended  
December 31, 2013, 2012 and 2011.                                               

(4) Consolidated Statements of Equity for the years ended December 31, 2013,    
2012 and 2011                                                               

(5) Consolidated Statements of Cash Flows for the years ended December 31,      
2013, 2012 and 2011                                                         

(6) Notes to the Consolidated Financial Statements                              

b. Exhibits                                                                     

1.             Resolution of Board of Directors of the Company authorizing      
            the establishment of the Separate Account (filed herewith)

2.             Not Applicable.                                                  

3.  (i)        Principal Underwriter's and Selling Agreement (1)                

(ii)       Draft Form of Retail Sales Agreement (MLIDC 7-1-05 (LTC))(2) 

(iii)      Draft Form of Enterprise Selling Agreement (9/12) (6)        

4.  (i)        Draft Form of Individual Single Purchase Payment Deferred        
          Variable Annuity Contract 1-200-1(11/14) (file herewith)

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    Draft Form of Contract Schedule 1-C200-1(11/14) (filed
(ii)         herewith)                                                  

(iii)      Draft Form of Contract Schedule 1-CGMAB-1(11/14) (filed      
herewith)                                     

(iv)       Draft Form of Rider-Living Benefit GMAB-1(11/14) (filed      
herewith)                                     

(v)        Draft Form of Death Benefit Rider-Return of Purchase Payment 
1-ROP-1(11/14) (filed herewith)               

(iv)       Non-Qualified Annuity Endorsement Form ML-NQ (11/04)-I.(11)  

5.             Draft Form of Variable Annuity Application MAA-APP-NY (07/14)    
(filed herewith)                              

6.  (a)        -- Amended and Restated Charter of Metropolitan Life.(3)         

(b)        -- Amended and Restated By-Laws of Metropolitan Life.(5)     

7.             Automatic Reinsurance Agreement between Metropolitan Life        
        Insurance Company and Exeter Reassurance Company, LTD.
      effective December 1, 2004 (Agreement No. 17258) (7)

i. Amendment No. 1 as of May 1, 2005 (7)          

ii. Amendment No. 2 as of November 1, 2005 (7)    

iii. Amendment No. 3 as of June 12, 2006 (7)      

iv. Amendment No. 4 as of February 26, 2007 (7)   

v. Amendment No. 5 as of June 30, 2007 (7)        

vi. Amendment No. 6 as of July 16, 2007 (7)       

vii. Amendment No. 7, as of April 28, 2008 (8)    

viii. Amendment No. 8, as of July 1, 2008 (8)     

ix. Amendment No. 9 as of July 14, 2008 (8)       

            x. Amendment No. 10 dated October 10, 2008, as of November 10,
2008 (8)                                      

xi. Amendment no. 11 as of February 20, 2009 (8)  

xii. Amendment No. 12 as of May 4, 2009 (8)       

xiii. Amendment No. 13 as of July 10, 2009 (8)    

xiv. Amendment No. 14 as of July 19, 2010 (8)     

xv. Amendment No. 15 as of December 31, 2010 (8)  

xvi. Amendment No. 16 as of April 29, 2011 (8)    

xvii. Amendment No. 17 as of October 10, 2011 (8) 

xviii. Amendment No. 18 as of April 1, 2012 (10)  

 xix. Amendment No. 19 as of September 30, 2010 (10)

xx. Amendment No. 20 as of July 1, 2012 (10)      

xxi. Amendment No. 21 as of February 4, 2013 (9)  

xxii. Amendment No. 22 as of April 29, 2013 (9)   

8.             Administrative Services Agreement between Metropolitan Life      
           Insurance Company and Fidelity Investments Life Insurance
Company (4)                                   

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9.              Opinion and Consent of Counsel (filed herewith)                 

10.             Consent of Independent Registered Public Accounting Firm        
(filed herewith)                            

11.             Not Applicable.                                                 

12.             Not Applicable.                                                 

13.             Powers of Attorney for Steven A. Kandarian, Cheryl W. Grise,    
             Carlos Miguel Gutierrez, R. Glenn Hubbard, John M. Keane,
             Alfred F. Kelly, Jr., William E. Kennard, James M. Kilts,
      Catherine R. Kinney, Denise M. Morrison, Kenton J.
         Sicchitano, Lulu C. Wang, John C.R. Hele and Peter M.
Carlson (filed herewith)                    

(1)             Filed with Post-Effective Amendment No. 3 to Registration       
           Statement No. 333-133675/811-07534 for Paragon Separate
              Account B on Form N-6 on February 6, 2008. As incorporated
herein by reference.                        

(2)             Filed with Post-Effective Amendment No. 13 to Registration      
           Statement No. 333-52366/811-04001 for Metropolitan Life
        Separate Account E on Form N-4 on April 25, 2006. As
incorporated herein by reference.           

(3)             Filed with Registration Statement No. 333-83716/811-04001 for   
                Metropolitan Life Separate Account E on Form N-4 on March 5,
2002. As incorporated herein by reference.  

(4)             Filed with Pre-Effective Amendment No. 1 to Registration        
            Statement No. 333-162586/811-04001 for Metropolitan Life
           Separate Account E on Form N-4 on November 23, 2009. As
incorporated herein by reference.           

                                                                [Download Table]
                                                                               

(5)              Filed with Post-Effective Amendment No. 16 to Registration    
                   Statement No. 333-52366/811-04001 for Metropolitan Life     
                   Separate Account E on Form N-4 on January 16, 2008. As      
                   incorporated herein by reference.                           

(6)              Filed with Post-Effective Amendment No. 5 to Registration     
                   Statement No. 333-162586/811-04001 for Metropolitan Life    
                   Separate Account E on Form N-4 on April 11, 2013. As        
                   incorporated herein by reference.                           

(7)              As incorporated herein by reference to Post-Effective         
                   Amendment No. 18 to Registration Statement File No.         
                   333-52366/811-04001 for Metropolitan Life Separate Account E
                   on Form N-4 on March 31, 2008.                              

(8)              As incorporated herein by reference to Registration No.       
                   333-176654/811-04001 for Metropolitan Life Separate Account 
                   E on Form N-4 on April 12, 2012.                            

(9)              As incorporated herein by reference to Registration No.       
                   333-176654/811-04001 for Metropolitan Life Separate Account 
                   E on Form N-4 on April 10, 2014.                            

(10)             As incorporated herein by reference to Post-Effective         
                   Amendment No. 12 to Registration Statement File No.         
                   333-176654/811-04001 for Metropolitan Life Separate Account 
                   E on Form N-4 on April 11, 2013.                            

(11)             As incorporated herein by reference to Post-Effective         
                   Amendment No. 6 to Registration Statement No.               
                   333-52366/811-04001 for Metropolitan Life Separate Account E
                   on Form N-4 on May 18, 2004.                                

ITEM 25. DIRECTORS AND OFFICERS OF THE DEPOSITOR                                

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                                                        [Enlarge/Download Table]

Name, Principal Occupation and Business Address          Position and Offices with Depositor         
-----------------------------------------------           -----------------------------------        
                                                                                                     
Steven A. Kandarian                              Chairman of the Board, President and Chief Executive
President and Chief Executive Officer              Officer and a Director                            
MetLife, Inc. and Metropolitan Life Insurance                                                        
  Company                                                                                            
1095 Avenue of the Americas                                                                          
New York, NY 10036                                                                                   

Denise M. Morrison                               Director                                            
President and Chief Executive Officer                                                                
Campbell Soup Company                                                                                
One Campbell Place                                                                                   
Camden, NJ 08103                                                                                     

Cheryl W. Grise                                  Director                                            
MetLife, Inc. and Metropolitan Life Insurance                                                        
  Company                                                                                            
200 Park Avenue                                                                                      
New York, NY 10166                                                                                   

Carlos M. Gutierrez                              Director                                            
Vice Chairman                                                                                        
Albright Stonebridge Group (ASG)                                                                     
555 Thirteenth Street, N.W.                                                                          
Suite 300 West                                                                                       
Washington, DC 2004                                                                                  

R. Glenn Hubbard                                 Director                                            
Dean and Russell L. Carson Professor of Finance                                                      
  and Economics Graduate School of Business,                                                         
  Columbia University                                                                                
Uris Hall                                                                                            
3022 Broadway                                                                                        
Suite 390                                                                                            
New York, NY 10027-6902                                                                              

John M. Keane                                    Director                                            
Senior Partner, SCP Partners                                                                         
2020 K Street, N.W., Suite 300                                                                       
Washington, DC 20006                                                                                 

Alfred F. Kelly, Jr.                             Director                                            
CEO of the NY/NJ Super Bowl Host Committee                                                           
MetLife Stadium                                                                                      
One MetLife Stadium Drive                                                                            
East Rutherford, NJ 07073                                                                            

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William E. Kennard                                          Director            
MetLife, Inc. and Metropolitan Life Insurance                                   
Company                                                                     
200 Park Avenue                                                                 
New York, NY 10166                                                              

James M. Kilts                                              Director            
Founding Partner, Centerview Capital                                            
Greenwich Office Park                                                           
2nd Floor                                                                       
Greenwich, CT 06831                                                             

Catherine R. KinneyMetLife, Inc. and                        Director            
Metropolitan Life Insurance Company                                         
200 Park Avenue                                                                 
New York, NY 10166                                                              

Kenton J. Sicchitano                                        Director            
MetLife, Inc. and Metropolitan Life Insurance                                   
Company                                                                     
200 Park Avenue                                                                 
New York, NY 110166                                                             

Lulu C. Wang                                                Director            
Chief Executive Officer                                                         
Tupelo Capital Management LLC                                                   
340 Madison Avenue, 19th Floor                                                  
New York, NY 10173                                                              

     Set forth below is a list of certain principal officers of Metropolitan
Life Insurance Company. The principal business address of each principal        
officer is 200 Park Avenue, New York, NY 10166.                                 

Name                     Position with MetLife                                  
-----------------------  ------------------------------------------------------ 

Steven A. Kandarian      Chairman of the Board, President and Chief Executive   
Officer                   

Christopher G. Townsend  President, Asia                                        

Michel A. Khalaf         President, Europe/Middle East/Africa                   

William J. Wheeler       President, the Americas                                

Ricardo A. Anzaldua      Executive Vice President and General Counsel           

Peter M. Carlson         Executive Vice President and Chief Accounting Officer  

Paul G. Cellupicac       Executive Vice President and Chief Counsel             

Marlene B. Debel         Executive Vice President and Treasurer                 

Steven J. Goulart        Executive Vice President and Chief Investment Officer  

John C.R. Hele           Executive Vice President and Chief Financial Officer   

Frans Hijkoop            Executive Vice President and Chief Human Resources     
Officer                   

Douglas A Rayvid         Executive Vice President and Chief Compliance Officer  

Martin J. Lippert        Executive Vice President, Global Technology and        
Operations                

Maria R. Morris          Executive Vice President, Global Employee Benefits     

Margery A. Brittain      Executive Vice President                               

Graham S. Cox            Executive Vice President                               

Elizabeth M. Forget      Executive Vice President                               

David W. Henderson       Executive Vice President                               

Gary Hoberman            Executive Vice President                               

Adam M. Hodes            Executive Vice President                               

William R. Hogan         Executive Vice President                               

Todd B. Katz             Executive Vice President                               

Paul A. LaPiana          Executive Vice President                               

Robin Lenna              Executive Vice President                               

Gene L. Lunman           Executive Vice President                               

Paul A. Malchow          Executive Vice President                               

Jeanmarie McFadden       Executive Vice President                               

Anthony J. Nugent        Executive Vice President                               

James J. O'Donnell       Executive Vice President                               

Kishore Ponnavolu        Executive Vice President                               

Andrew D. Rallis         Executive Vice President                               

James W. Reid            Executive Vice President                               

Oscar A. Schmidt         Executive Vice President                               

Sachin N. Shah           Executive Vice President                               

Christopher B. Smith     Executive Vice President                               

Joseph W. Sprouls        Executive Vice President                               

Eric T. Steigerwalt      Executive Vice President                               

Stanley J. Talbi         Executive Vice President                               

Michael C. Walsh         Executive Vice President                               

Steven Weinreb           Executive Vice President                               

Thomas Wolf              Executive Vice President                               

Michael A. Zarcone       Executive Vice President                               

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ITEM 26. PERSONS CONTROLLED BY OR UNDER COMMON CONTROL WITH THE DEPOSITOR OR    
REGISTRANT                                                    

The Registrant is a separate account of Metropolitan Life Insurance Company     
under the New York Insurance law. Under said law the assets allocated to the    
separate account are the property of Metropolitan Life Insurance Company.       
Metropolitan Life Insurance Company is a wholly-owned subsidiary of MetLife,    
Inc. a publicly traded company. The following outline indicates those persons   
who are controlled by or under common control with Metropolitan Life Insurance  
Company. No person is controlled by the Registrant.                             

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ORGANIZATIONAL STRUCTURE OF METLIFE, INC. AND SUBSIDIARIES
AS OF June 30, 2014     

The following is a list of subsidiaries of MetLife, Inc. updated as of          
June 30, 2014. Those entities which are listed at the left margin (labeled      
with capital letters) are direct subsidiaries of MetLife, Inc. Unless otherwise 
indicated, each entity which is indented under another entity is a subsidiary   
of that other entity and, therefore, an indirect subsidiary of MetLife, Inc.    
Certain inactive subsidiaries have been omitted from the MetLife, Inc.          
organizational listing. The voting securities (excluding directors' qualifying  
shares, if any) of the subsidiaries listed are 100% owned by their respective   
parent corporations, unless otherwise indicated. The jurisdiction of domicile   
of each subsidiary listed is set forth in the parenthetical following such      
subsidiary.                                                                     

A.    MetLife Group, Inc. (NY)                                                  

B.    MetLife Home Loans LLC (DE)                                               

C.    Exeter Reassurance Company, Ltd. (DE)                                     

D.    Metropolitan Tower Life Insurance Company (DE)                            

1.    EntreCap Real Estate II LLC (DE)                              

a)    PREFCO Dix-Huit LLC (CT)                          

b)    PREFCO X Holdings LLC (CT)                        

   c)    PREFCO Ten Limited Partnership (CT) - a 99.9% limited
                  partnership interest of PREFCO Ten Limited Partnership is held
   by EntreCap Real Estate II LLC and 0.1% general
 partnership is held by PREFCO X Holdings LLC.

d)    PREFCO Vingt LLC (CT)                             

    e)    PREFCO Twenty Limited Partnership (CT) - a 99% limited
                partnership interest of PREFCO Twenty Limited Partnership is
      held by EntreCap Real Estate II LLC and 1% general
partnership is held by PREFCO Vingt LLC.    

2.     Plaza Drive Properties, LLC (DE)                               

3.     MTL Leasing, LLC (DE)                                          

a)    PREFCO IX Realty LLC (CT)                         

b)    PREFCO XIV Holdings LLC (CT)                      

         c)    PREFCO Fourteen Limited Partnership (CT) -  a 99.9% limited
               partnership interest of PREFCO Fourteen Limited Partnership
               is held by MTL Leasing, LLC and 0.1% general partnership is
held by PREFCO XIV Holdings LLC.            

d)    1320 Venture LLC (DE)                             

                i)  1320 Owner LP (DE) - a 99.9% limited partnership of 1320
                 Owner LP is held by 1320 Venture LLC and 0.1% general
partnership is held by 1320 GP LLC. 

e)    1320 GP LLC (DE)                                  

E.    MetLife Chile Inversiones Limitada (Chile) - 70.4345328853% of MetLife    
   Chile Inversiones Limitada is owned by MetLife, Inc., 26.6071557459% by
American Life Insurance Company ("ALICO"), 2.9583113284% is owned by
 Inversiones MetLife Holdco Dos Limitada and 0.0000000404% is owned by
Natilportem Holdings, Inc.                                          

  1.    MetLife Chile Seguros de Vida S.A. (Chile) - 99.9969% of MetLife
       Chile Seguros de Vida S.A. is held by MetLife Chile Inversiones
    Limitada and 0.0031% by International Technical and Advisory
Services Limited ("ITAS").                              

      a)    MetLife Chile Administradora de Mutuos Hipotecarios S.A.
              (Chile) - 99.99% of MetLife Chile Administradora de Mutuos
               Hipotecarios S.A.  is held by MetLife Chile Seguros de Vida
                 S.A. and 0.01% is held by MetLife Chile Inversiones Limitada.

2.    Legal Chile S.A. (Chile) - 51% of Legal Chile S.A. is owned by
        MetLife Chile Inversiones Limitada and the remaining interest is
owned by a third party.                                 

        a)    Legagroup S.A. (Chile) - 99% of Legagroup S.A. is owned by
             Legal Chile S.A. and the remaining interest is owned by a
third party.                                

3.    Inversiones MetLife Holdco Tres Limitada (Chile) - 99.9% of   
          Inversiones MetLife Holdco Tres Limitada is owned by MetLife Chile
     Inversiones Limitada and 0.1% is owned by Inversiones MetLife
Holdco Dos Limitada.                                    

         a)    MetLife Chile Acquisition Co. S.A. (Chile) - 45% of MetLife
              Chile Acquisition Co. S.A. is owned by Inversiones MetLife
            Holdco Dos Limitada, 45% is owned by Inversiones MetLife
          Holdco Tres Limitada and 10% is owned by MetLife Chile
Inversiones Limitada.                       

             i)    Inversiones Previsionales S.A. (Chile) - 99.999% of
                        Inversiones Previsionales S.A. is owned by MetLife Chile
                       Acquisition Co. S.A. and 0.001% is owned by Inversiones
MetLife Holdco Tres Limitada.   

                      aa)   AFP Provida S.A. (Chile) - 51.62% of AFP Provida
                            S.A. is owned by Inversiones Previsionales S.A.,
                           21.97% is owned indirectly (by means of ADR) by
                         MetLife Chile Acquisition Co. S.A., 17.79% is
                           owned directly by MetLife Chile Acquisition Co.
                             S.A. and the remainder is owned by third parties.

                             1)    Provida Internacional S.A. (Chile) - 99.99%
                                 of Provida Internacional S.A. is owned by
                                 AFP Provida S.A. and 0.01% by Inversiones
          Previsionales S.A.

                                    ii)   AFP Genesis Administradora de Fondos y
                                         Fidecomisos S.A. (Ecuador) - 99.9997%
                                    of AFP Genesis Administradora de
                                         Fondos y Fidecomisos S.A. is owned by
                                          Provida Internacional S.A. and 0.0003%
                                         is owned by Inversiones Previsionales
        S.A.

 4.    MetLife Chile Seguros Generales S.A. (Chile) - 99.9% of MetLife
           Chile Seguros Generales, S.A. is owned by MetLife Chile Inversiones
Limitada and 0.1% is owned by ITAS.                     

F.    MetLife Securities, Inc. (DE)                                             

G.    Enterprise General Insurance Agency, Inc. (DE)                            

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H.    Metropolitan Property and Casualty Insurance Company (RI)                 

1.    Metropolitan General Insurance Company (RI)                   

2.    Metropolitan Casualty Insurance Company (RI)                  

  3.    Metropolitan Direct Property and Casualty Insurance Company (RI)

4.    MetLife Auto & Home Insurance Agency, Inc. (RI)               

 5.    Metropolitan Group Property and Casualty Insurance Company (RI)

     a)    Metropolitan Reinsurance Company (U.K.) Limited (United
Kingdom)                                    

6.    Metropolitan Lloyds, Inc. (TX)                                

  a)    Metropolitan Lloyds Insurance Company of Texas (TX)-
                 Metropolitan Lloyds Insurance Company of Texas, an affiliated
           association, provides automobile, homeowner and related
           insurance for the Texas market. It is an association of
                individuals designated as underwriters. Metropolitan Lloyds,
            Inc., a subsidiary of Metropolitan Property and Casualty
                 Insurance Company, serves as the attorney-in-fact and manages
the association.                            

7.    Economy Fire & Casualty Company (IL)                          

a)    Economy Preferred Insurance Company (IL)          

b)    Economy Premier Assurance Company (IL)            

I.    MetLife Investors Insurance Company (MO)                                  

J.    First MetLife Investors Insurance Company (NY)                            

K.    Newbury Insurance Company, Limited (DE)                                   

L.    MetLife Investors Group, Inc. (DE)                                        

1.    MetLife Investors Distribution Company (MO)                   

2.    MetLife Advisers, LLC (MA)                                    

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M.    MetLife International Holdings, Inc. (DE)                                 

1.    MetLife Mexico Cares, S.A. de C.V. (Mexico)                   

a)    Fundacion MetLife Mexico, A.C. (Mexico)           

2.    Natiloportem Holdings, Inc. (DE)                              

       a)    Excelencia Operativa y Tecnologica, S.A. de C.V. (Mexico)

             i)   MLA Comercial, S.A. de C.V. (Mexico) 99% is owned by
                     Excelencia Operativa y Tecnologica, S.A. de C.V. and 1%
            is owned by MetLife Mexico Cares, S.A. de C.V.

             ii)  MLA Servicios, S.A. de C.V. (Mexico) 99% is owned by
                     Excelencia Operativa y Tecnologica, S.A. de C.V. and 1%
            is owned by MetLife Mexico Cares, S.A. de C.V.

   3.    PNB MetLife India Insurance Company Limited (India)- 26% is owned
         by MetLife International Holdings, Inc. and 74% is owned by third
parties.                                                

4.    Metropolitan Life Insurance Company of Hong Kong Limited (Hong
         Kong)- 99.99935% is owned by MetLife International Holdings, Inc.
and 0.00065% is owned by Natiloporterm Holdings, Inc.   

5.    MetLife Seguros S.A. (Argentina)- 79.3196% is owned by MetLife
      International Holdings, Inc., 2.6753% is owned by Natiloportem
Holdings, Inc., 16.2046% by ALICO and 1.8005% by ITAS.  

6.    Metropolitan Life Seguros e Previdencia Privada S.A. (Brazil)-
 66.662% is owned by MetLife International Holdings, Inc.,
33.337% is owned by MetLife Worldwide Holdings, Inc. and
0.001% is owned by Natiloportem Holdings, Inc.          

7.    MetLife Global, Inc. (DE)                                     

     8.    MetLife Administradora de Fundos Multipatrocinados Ltda. (Brazil) -
       99.99998% of MetLife Administradora de Fundos Multipatrocinados
           Ltda. is owned by MetLife International Holdings, Inc. and 0.00002%
by Natiloportem Holdings, Inc.                          

9.    MetLife Services Limited (United Kingdom)                     

   10.   MetLife Seguros de Retiro S.A. (Argentina) - 95.5883% is owned by
 MetLife International Holdings, Inc., 3.1102% is owned by
          Natiloportem Holdings, Inc., 1.3014% by ALICO and 0.0001% by ITAS.

11.   Best Market S.A. (Argentina) - 5% of the shares are held by   
Natiloportem Holdings, Inc. and 95% is owned by MetLife 
International Holdings Inc.                             

  12.   Compania Inversora MetLife S.A. (Argentina) - 95.46% is owned by
  MetLife International Holdings, Inc. and 4.54% is owned by
Natiloportem Holdings, Inc.                             

          a)    MetLife Servicios S.A. (Argentina) - 18.87% of the shares of
         MetLife Servicios S.A. are held by Compania Inversora
                MetLife S.A., 79.88% is owned by MetLife Seguros S.A., 0.99%
               is held by Natiloportem Holdings, Inc. and 0.26% is held by
MetLife Seguros de Retiro S.A.              

13.   MetLife Worldwide Holdings, Inc. (DE)                         

a)    MetLife Direct Co., LTD. (Japan)                  

b)    MetLife Limited (Hong Kong)                       

14.   MetLife International Limited, LLC (DE)                       

   15.   MetLife Planos Odontologicos Ltda. (Brazil) - 99.999% is owned by
   MetLife International Holdings, Inc. and 0.001% is owned by
Natiloportem Holdings, Inc.                             

16.   MetLife Ireland Holdings One Limited (Ireland)                

a)    MetLife Global Holdings Corporation S.A. de C.V.  
                 (Mexico/Ireland) - 98.9% is owned by MetLife Ireland Holdings
          One Limited and 1.1% is owned by MetLife International
Limited, LLC.                               

    i)    MetLife Ireland Treasury Limited (Ireland)

                   a)    MetLife General Insurance Limited (Australia)

                       b)    MetLife Insurance Limited (Australia) - 91.16468%
                             of MetLife Insurance Limited (Australia) is owned
                            by MetLife Ireland Treasury Limited and 8.83532%
                             is owned by MetLife Global Holdings Corp. S.A. de
C.V.                

                    1)    The Direct Call Centre PTY Limited
   (Australia)

                             2)    MetLife Investments PTY Limited (Australia)

                                    aa)   MetLife Insurance and Investment Trust
                                       (Australia) - MetLife Insurance and
                                        Investment Trust is a trust vehicle,
                                   the trustee of which is MetLife
                                          Investments PTY Limited ("MIPL"). MIPL
                                   is a wholly owned subsidiary of
                              MetLife Insurance Limited.

                  ii)   Metropolitan Global Management, LLC (DE/Ireland) - 99.7%
                       is owned by MetLife Global Holdings Corporation S.A. de
               C.V. and 0.3% is owned by MetLife International
Holdings, Inc.                  

                      a)    MetLife Pensiones Mexico S.A. (Mexico)- 97.4738%
                           is owned by Metropolitan Global Management, LLC
                         and 2.5262% is owned by MetLife International
Holdings, Inc.      

                       b)    MetLife Mexico Servicios, S.A. de C.V. (Mexico) -
                           98% is owned by Metropolitan Global Management,
                        LLC and 2% is owned by MetLife International
Holdings, Inc.      

                       c)    MetLife Mexico S.A. (Mexico)- 99.050271% is owned
                      by Metropolitan Global Management, LLC and
                       0.949729% is owned by MetLife International
Holdings, Inc.      

                              1)    MetLife Afore, S.A. de C.V. (Mexico)- 99.99%
                                    is owned by MetLife Mexico S.A. and 0.01% is
                              owned by MetLife Pensiones Mexico S.A.

                                   aa)    Met1 SIEFORE, S.A. de C.V. (Mexico)-
                                       99.99% is owned by MetLife Afore,
                                        S.A. de C.V. and 0.01% is owned by
                         MetLife Mexico S.A.

                                   bb)    Met2 SIEFORE, S.A. de C.V. (Mexico)-
                                       99.99% is owned by MetLife Afore,
                                        S.A. de C.V. and 0.01% is owned by
                         MetLife Mexico S.A.

                                   cc)    MetA SIEFORE Adicional, S.A. de C.V.
                                          (Mexico)- 99.99% is owned by MetLife
                                      Afore, S.A. de C.V. and 0.01% is
                                  owned by MetLife Mexico S.A.

                                dd)    Met3 SIEFORE Basica, S.A. de C.V.
                                           (Mexico) - 99.99% is owned by MetLife
                                      Afore, S.A. de C.V. and 0.01% is
                                  owned by MetLife Mexico S.A.

                                    ee)    Met4 SIEFORE, S.A. de C.V. (Mexico) -
                                       99.99% is owned by MetLife Afore,
                                        S.A. de C.V. and 0.01% is owned by
                         MetLife Mexico S.A.

                                    ff)    Met5 SIEFORE, S.A. de C.V. (Mexico) -
                                       99.99% is owned by MetLife Afore,
                                        S.A. de C.V. and 0.01% is owned by
                         MetLife Mexico S.A.

                   2)    ML Capacitacion Comercial S.A. de
                              C.V.(Mexico) - 99% is owned by MetLife
                              Mexico S.A. and 1% is owned by MetLife
                  Mexico Cares, S.A. de C.V.

                  d)    MetLife Saengmyoung Insurance Co. Ltd. (also
                       known as MetLife Insurance Company of Korea
                      Limited) (South Korea)- 14.64% is owned by
                       MetLife Mexico, S.A. and 85.36% is owned by
                Metropolitan Global Management, LLC.

e)    GlobalMKT S.A. (Uruguay)  

17.   MetLife Asia Limited (Hong Kong)                              

 18.   AmMetLife Insurance Berhad (Malaysia) - 50.000001% of AmMetLife
         Insurance Berhad is owned by MetLife International Holdings, Inc.
and the remainder is owned by a third party.            

19.   AmMetLife Takaful Berhad (Malaysia) - 49.999999% of AmMetLife 
           Takaful Berhad is owned by MetLife International Holdings, Inc. and
the remainder is owned by a third party.                

N.    Metropolitan Life Insurance Company ("MLIC") (NY)                         

1.    334 Madison Euro Investments, Inc. (DE)                       

2.    St. James Fleet Investments Two Limited (Cayman Islands)      

    a)    Park Twenty Three Investments Company (United Kingdom)

               i)    Convent Station Euro Investments Four Company (United
Kingdom)                        

                    aa)    OMI MLIC Investments Limited (Cayman Islands)

3.    CRB Co., Inc. (MA)                                            

4.    MLIC Asset Holdings II LLC (DE)                               

a)    El Conquistador MAH II LLC (DE)                   

         b)    Mansell Office LLC (DE) - 73.0284% of Mansell Office LLC is
                owned by MLIC Asset Holdings II LLC and 26.9716% is owned by
MLIC CB Holdings LLC.                       

         c)    Mansell Retail LLC (DE) - 73.0284% of Mansell Retail LLC is
                owned by MLIC Asset Holdings II LLC and 26.9716% is owned by
MLIC CB Holdings LLC.                       

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5.    CC Holdco Manager, LLC (DE)                                   

6.    Alternative Fuel I, LLC (DE)                                  

7.    Transmountain Land & Livestock Company (MT)                   

8.    MetPark Funding, Inc. (DE)                                    

9.    HPZ Assets LLC (DE)                                           

10.   Missouri Reinsurance, Inc. (Cayman Islands)                   

11.   Metropolitan Tower Realty Company, Inc. (DE)                  

a)    Midtown Heights, LLC (DE)                         

12.   MetLife Real Estate Cayman Company (Cayman Islands)           

13.   MetLife RC SF Member, LLC (DE)                                

14.   MetLife Private Equity Holdings, LLC (DE)                     

15.   23rd Street Investments, Inc. (DE)                            

      a)    MetLife Capital Credit L.P. (DE)- 1% General Partnership
             interest is held by 23rd Street Investments, Inc. and 99%
             Limited Partnership interest is held by Metropolitan Life
Insurance Company.                          

   b)    MetLife Capital, Limited Partnership (DE)- 1% General
                 Partnership interest is held by 23rd Street Investments, Inc.
                and 99% Limited Partnership interest is held by Metropolitan
Life Insurance Company.                     

          i)    Long Island Solar Farm, LLC ("LISF")(DE) - 9.61%
                 membership interest is held by MetLife Renewables
                      Holding, LLC and 90.39% membership interest is held by
                 LISF Solar Trust in which MetLife Capital Limited
         Partnership has 100% beneficial interest.

16.   Hyatt Legal Plans, Inc. (DE)                                  

a)    Hyatt Legal Plans of Florida, Inc. (FL)           

17.   MetLife Holdings, Inc. (DE)                                   

a)    MetLife Credit Corp. (DE)                         

b)    MetLife Funding, Inc. (DE)                        

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18.   MetLife Investments Asia Limited (Hong Kong)                  

19.   MetLife Investments Limited (United Kingdom)- 23rd Street     
         Investments, Inc. holds one share of MetLife Investments Limited.

      20.   MetLife Latin America Asesorias e Inversiones Limitada (Chile)- 23rd
     Street Investments, Inc. holds 0.01% of MetLife Latin America
Asesorias e Inversiones Limitada.                       

21.   New England Life Insurance Company (MA)                       

a)    New England Securities Corporation (MA)           

22.   General American Life Insurance Company (MO)                  

a)    GALIC Holdings LLC (DE)                           

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23.   Corporate Real Estate Holdings, LLC (DE)                      

   24.   Ten Park SPC (Cayman Islands) - 1% voting control of Ten Park SPC
is held by 23rd Street Investments, Inc.                

25.   MetLife Tower Resources Group, Inc. (DE)                      

26.   Headland-Pacific Palisades, LLC (CA)                          

    27.   Headland Properties Associates (CA) - 99% is owned by Metropolitan
  Life Insurance Company and 1% is owned by Headland-Pacific
Palisades, LLC.                                         

28.   WFP 1000 Holding Company GP, LLC (DE)                         

29.   White Oak Royalty Company (OK)                                

30.   500 Grant Street GP LLC (DE)                                  

   31.   500 Grant Street Associates Limited Partnership (CT) - 99% of 500
           Grant Street Associates Limited Partnership is held by Metropolitan
 Life Insurance Company and 1% by 500 Grant Street GP LLC.

     32.   MetLife Mall Ventures Limited Partnership (DE) - 99% LP interest of
            MetLife Mall Ventures Limited Partnership is owned by MLIC and 1% GP
    interest is owned by Metropolitan Tower Realty Company, Inc.

         a)   HMS Master Limited Partnership (DE) - 60% LP interest of HMS
              Master Limited Partnership is owned by MetLife Mall Ventures
            Limited Partnership. A 40% LP interest is owned by a third
           party. Metropolitan Tower Realty Company, Inc. is the GP.

i)   HMS Southpark Residential LLC (DE)       

33.   MetLife Retirement Services LLC (NJ)                          

a)   MetLife Associates LLC (DE)                        

34.   Euro CL Investments, LLC (DE)                                 

35.   MEX DF Properties, LLC (DE)                                   

   36.   MSV Irvine Property, LLC (DE) - 4% of MSV Irvine Property, LLC is
         owned by Metropolitan Tower Realty Company, Inc. and 96% is owned
by Metropolitan Life Insurance Company                  

37.   MetLife Properties Ventures, LLC (DE)                         

a)   Citypoint Holdings II Limited (United Kingdom)     

38.   Housing Fund Manager, LLC (DE)                                

       a)   MTC Fund I, LLC (DE) - 0.01% of MTC Fund I, LLC is held by
               Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the
               managing member LLC and the remaining interests are held by a
third party member.                           

         b)   MTC Fund II, LLC (DE) - 0.01% of MTC Fund II, LLC is held by
               Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the
               managing member LLC and the remaining interests are held by a
third party member.                           

           c)   MTC Fund III, LLC (DE) - 0.01% of MTC Fund III, LLC is held by
               Housing Fund Manager, LLC. - Housing Fund Manager, LLC is the
               managing member LLC and the remaining interests are held by a
third party member.                           

39.   MLIC Asset Holdings LLC (DE)                                  

40.   85 Broad Street Mezzanine LLC (DE)                            

a)   85 Broad Street LLC (DE)                           

41.   The Building at 575 Fifth Avenue Mezzanine LLC (DE)           

a)   The Building at 575 Fifth LLC (DE)                 

42.   ML Bridgeside Apartments LLC (DE)                             

   43.   Para-Met Plaza Associates (FL)- 75% of the General Partnership is
          held by Metropolitan Life Insurance Company and 25% of the General
      Partnership is held by Metropolitan Tower Realty Company, Inc.

44.   MLIC CB Holdings LLC (DE)                                     

45.   Met II Office Mezzanine LLC, (FL) - 10.4167% of the membership
          interest is owned by Metropolitan Tower Life Insurance Company and
 89.5833% is owned by Metropolitan Life Insurance Company.

a)   Met II Office LLC (FL)                             

46.   The Worthington Series Trust (DE)                             

    47.   MetLife CC Member, LLC (DE) - 63.415% of MetLife CC Member, LLC is
       held by Metropolitan Life Insurance Company, 17.073% by MetLife
     Investors USA Insurance Company, 14.634% by MetLife Insurance
            Company of Connecticut and 4.878% by General American Life Insurance
Company.                                                

48.   Oconee Hotel Company, LLC (DE)                                

49.   Oconee Land Company, LLC (DE)                                 

a)  Oconee Land Development Company, LLC (DE)           

b)  Oconee Golf Company, LLC (DE)                       

c)  Oconee Marina Company, LLC (DE)                     

50.   1201 TAB Manager, LLC (DE)                                    

51.   MetLife 1201 TAB Member, LLC (DE) - 69.66% of MetLife 1201 TAB
           Member, LLC is owned by Metropolitan Life Insurance Company, 12.07%
            is owned by MetLife Investors USA Insurance Company, 15.17% is owned
        by MetLife Insurance Company of Connecticut and 3.1% is owned by
Metropolitan Property and Casualty Insurance Company.   

          a)  1201 TAB Owner, LLC (DE) - 50% of 1201 TAB Owner, LLC is owned
               by Metlife 1201 TAB Member, LLC and the remainder is owned by a
            third party. Metlife 1201 TAB Manager, LLC is the manager of
1201 TAB Owner, LLC.                            

     52.   MetLife LHH Member, LLC (DE) - 69.23% of MetLife LHH Member, LLC is
        owned by Metropolitan Life Insurance Company, 19.78% is owned by
          MetLife Investors USA Insurance Company and 10.99% is owned by New
England Life Insurance Company.                         

53.   Ashton Southend GP, LLC (DE)                                  

    54.   Tremont Partners, LP (DE) - 99.9% LP interest of Tremont Partners,
      LP is owned by Metropolitan Life Insurance Company and 0.1% GP
interest is owned by Ashton Southend GP, LLC.           

55.   Riverway Residential, LP (DE) - 99.9% LP interest of Riverway 
           Residential, LP is owned by Metropolitan Life Insurance Company and
            0.1% GP interest is owned by Metropolitan Tower Realty Company, Inc.

56.   10420 McKinley Partners, LP (DE) - 99.9% LP interest of 10420 
     McKinley Partners, LP is owned by Metropolitan Life Insurance
          Company and 0.1% GP interest is owned by Metropolitan Tower Realty
Company, Inc.                                           

57.   Ardrey Kell Townhomes, LLC (DE)                               

58.   Boulevard Residential, LLC (DE)                               

59.   465 N. Park Drive, LLC (DE)                                   

60.   Ashton Judiciary Square, LLC (DE)                             

     61.   Sandpiper Cove Associates, LLC (DE) - 90.59% membership interest of
          Sandpiper Cove Associates, LLC is owned by MLIC and 9.41% is owned
by Metropolitan Tower Realty Company.                   

62.   1900 McKinney Properties, LP (DE) - 99.9% LP interest of 1900 
        McKinney Properties, LP is owned by MLIC and 0.1% GP interest is
owned by Metropolitan Tower Realty Company, Inc.        

63.   Marketplace Residences, LLC (DE)                              

64.   ML Swan Mezz, LLC (DE)                                        

a)    ML Swan GP, LLC (DE)                              

65.   ML Dolphin Mezz, LLC (DE)                                     

a)    ML Dolphin GP, LLC (DE)                           

66.   Haskell East Village, LLC (DE)                                

67.   MetLife Cabo Hilton Member, LLC (DE) - 54.129% of MetLife Cabo
           Hilton Member, LLC is owned by MLIC, 16.9% by General American Life
           Insurance Company, 16.9% by MetLife Investors USA Insurance Company
and 12.071% by MetLife Insurance Company of Connecticut.

68.   ML Terraces, LLC (DE)                                         

69.   Chestnut Flats Wind, LLC (DE)                                 

70.   MetLife 425 MKT Member, LLC (DE)                              

  a)   425 MKT, LLC (DE) - 52.5% of 425 MKT, LLC is owned by
           MetLife 425 MKT Member, LLC and 47.5% is owned by a third
              party. MetLife 425 MKT Member, LLC is the managing member of
425 MKT, LLC.                                 

             i)   425 MKT REIT, LLC (DE) - 99.9% of 425 MKT REIT, LLC is
                 owned by 425 MKT, LLC and the remaining 0.1% by third
parties.                            

71.   MetLife OFC Member, LLC (DE)                                  

        a)   OFC Boston, LLC (DE) - 52.5% of OFC Boston, LLC is owned by
              MetLife OFC Member, LLC and 47.5% is owned by a third party.

              i)   OFC REIT, LLC (DE) - 99.9% of OFC REIT, LLC is owned by
               OFC Boston and the remaining 0.1% is owned by third
parties.                            

        1)   Dewey Square Tower Associates, LLC (MA)

   72.   MetLife THR Investor, LLC (DE) - 85% of MetLife THR Investor, LLC
is owned by MLIC and 15% is owned by MICC.              

  73.   ML Southmore, LLC (DE) - 75.12% of ML Southmore, LLC is owned by
MLIC and 24.88% is owned by MICC.                       

74.   ML - AI MetLife Member 1, LLC (DE) - 83.675% of the membership
        interest is owned by MLIC, 5.762% by MICC, 5.762% by MLI USA and
       4.801% by Metropolitan Property and Casualty Insurance Company.

         a)   ML - AI Venture 1, LLC (DE) - 51% of ML-AI Venture 1, LLC is
            owned by ML-AI MetLife Member 1, LLC and 49% is owned by a
              third party. MetLife Investment Management, LLC is the asset
manager.                                      

i)   ML-AI 125 Wacker, LLC (DE)               

75.   MetLife CB W/A, LLC (DE)                                      

 76.   MetLife Camino Ramon Member, LLC (DE) - 78.6% of MetLife Camino
      Ramon Member, LLC is owned by MLIC and 21.4% is owned by MICC.

77.   10700 Wilshire, LLC (DE)                                      

78.   Viridian Miracle Mile, LLC (DE)                               

79.   MetLife Canada Solar ULC (Canada)                             

     80.   MetLife 555 12th Member, LLC (DE) - MetLife 555 12th Member, LLC is
          owned at 69.4% by MLIC, 20.2% by MICC, 5.4% by GALIC and 5% by MLI
USA.                                                    

            a)   555 12th, LLC (DE) - 52.5% of 555 12th, LLC is owned by MetLife
          555 12th Member, LLC and the remainder by a third party.

i)   555 12 REIT, LLC (DE)                    

O.    MetLife Capital Trust IV (DE)                                             

P.    MetLife Insurance Company of Connecticut ("MICC") (CT) - 86.72% is owned  
by MetLife, Inc. and 13.28% by MetLife Investors Group, Inc.        

1.    MetLife Property Ventures Canada ULC (Canada)                 

      2.    Pilgrim Alternative Investments Opportunity Fund III Associates, LLC
    (CT) - 67% is owned by MICC and 33% is owned by third party.

3.    Metropolitan Connecticut Properties Ventures, LLC (DE)        

4.    MetLife Canadian Property Ventures LLC (NY)                   

5.    Euro TI Investments LLC (DE)                                  

6.    Greenwich Street Investments, L.L.C. (DE)                     

  a)    Greenwich Street Capital Offshore Fund, Ltd. (Virgin
Islands)                                    

b)    Greenwich Street Investments, L.P. (DE)           

7.    One Financial Place Corporation (DE) - 100% is owned in the   
aggregate by MICC.                                      

8.    MetLife USA Assignment Company (CT)                           

9.    TIC European Real Estate LP, LLC (DE)                         

10.   MetLife European Holdings, LLC (DE)                           

11.   Travelers International Investments Ltd. (Cayman Islands)     

12.   Euro TL Investments LLC (DE)                                  

13.   Corrigan TLP LLC (DE)                                         

14.   TLA Holdings LLC (DE)                                         

a)    The Prospect Company (DE)                         

     15.   TRAL & Co. (CT) - TRAL & Co. is a general partnership. Its partners
are MICC and Metropolitan Life Insurance Company.       

16.   MetLife Investors USA Insurance Company ("MLI USA") (DE)      

a)    MetLife Renewables Holding, LLC (DE)              

i)    Greater Sandhill I, LLC (DE)          

17.   TLA Holdings II LLC (DE)                                      

18.   TLA Holdings III LLC (DE)                                     

 19.   MetLife Greenstone Southeast Venture, LLC (DE) - 95% of MetLife
          Greenstone Southeast Venture, LLC is owned by MICC and 5% is owned
by Metropolitan Connecticut Properties Ventures, LLC.   

a)    MLGP Lakeside, LLC (DE)                           

     20.   Sino-US United MetLife Insurance Co., Ltd. (China) - Sino-US United
            MetLife Insurance Co., Ltd. is owned at 27.8% by MICC, 22.2% by MLIC
and 50% by a third party.                               

Q.    MetLife Reinsurance Company of South Carolina (SC)                        

R.    MetLife Investment Management, LLC (DE)                                   

1.   MetLife Alternatives GP, LLC (DE)                              

         a)   MetLife International PE Fund I, LP (Cayman Islands) - 92.593%
               of the Limited Partnership interests of this entity is owned by
             MetLife Alico Life Insurance K.K., 4.115% is owned by MetLife
               Mexico S.A., 2.716% is owned by MetLife Limited (Hong Kong) and
            the remaining 0.576% is owned by Metropolitan Life Insurance
Company of Hong Kong Limited.                   

b)   MetLife International PE Fund II, LP (Cayman Islands)

       c)   MetLife International HF Partners, LP (Cayman Islands) - The
         General Partnership Interests of MetLife International HF
               Partners, LP is held by MetLife Alternatives GP, LLC; 91.49% of
           the Limited Partnership Interests is owned by MetLife Alico
           Life Insurance K.K. and 8.51% is owned by MetLife Insurance
Company of Korea Limited.                       

2.   MetLife Loan Asset Management LLC (DE)                         

3.   MetLife Core Property Fund GP, LLC (DE)                        

           a)   MetLife Core Property Fund, LP (DE) - MetLife Core Property Fund
                GP, LLC is the general partner of MetLife Core Property Fund, LP
               (the "Fund"). A substantial majority of the limited partnership
              interests in the Fund are held by third parties. The following
           affiliates hold a minority share of the limited partnership
               interests in the Fund: Metropolitan Life Insurance Company owns
            23.7%, General American Life Insurance Company owns 0.1% and
   MetLife Insurance Company of Connecticut owns 0.2%.

i)   MetLife Core Property REIT, LLC (DE)       

                  aa)   MetLife Core Property Holdings, LLC (DE) - MetLife
                     Core Property Holdings, LLC holds the following
                        single-property limited liability companies: MCP 7
                           Riverway, LLC; MCP SoCal Industrial-Redondo, LLC; MCP
                 SoCal Industrial-Springdale, LLC; MCP SoCal
          Industrial-Concourse, LLC; MCP SoCal
         Industrial-Kellwood, LLC; MCP SoCal
                           Industrial-Bernado, LLC; MCP SoCal Industrial-Canyon,
                       LLC; MCP SoCal Industrial-Anaheim, LLC; MCP SoCal
                          Industrial-LAX, LLC; MCP SoCal Industrial-Fullerton,
                       LLC; MCP SoCal Industrial-Ontario, LLC; MCP SoCal
                        Industrial-Loker, LLC; MCP Paragon Point, LLC; MCP
                         4600 South Syracuse, LLC; MCP The Palms Doral, LLC;
                          MCP Waterford Atrium, LLC; MCP EnV Chicago, LLC; MCP
                        100 Congress, LLC; MCP 1900 McKinney, LLC; MCP 550
                         West Washington, LLC; MCP Main Street Village, LLC;
                        MCP Lodge At Lakecrest, LLC; MCP Ashton South End,
    LLC and MCP 3040 Port Oak, LLC

S.    MetLife Standby I, LLC (DE)                                               

1.   MetLife Exchange Trust I (DE)                                  

T.    MetLife Services and Solutions, LLC (DE)                                  

1.   MetLife Solutions Pte. Ltd. (Singapore)                        

a)    MetLife Services East Private Limited (India)       

    b)    MetLife Global Operations Support Center Private Limited
                 (India) - 99.99999% is owned by MetLife Solutions Pte. Ltd. and
  0.00001% is owned by Natiloportem Holdings, Inc.

U.    SafeGuard Health Enterprises, Inc. (DE)                                   

1.   MetLife Health Plans, Inc. (DE)                                

2.   SafeGuard Health Plans, Inc. (CA)                              

3.   SafeHealth Life Insurance Company (CA)                         

4.   SafeGuard Health Plans, Inc. (FL)                              

5.   SafeGuard Health Plans, Inc. (NV)                              

6.   SafeGuard Health Plans, Inc. (TX)                              

V.    MetLife Capital Trust X (DE)                                              

W.    Cova Life Management Company (DE)                                         

X.    MetLife Reinsurance Company of Charleston (SC)                            

Y.    MetLife Reinsurance Company of Vermont (VT)                               

Z.    Delaware American Life Insurance Company (DE)                             

AA.   Federal Flood Certification LLC (TX)                                      

AB.   American Life Insurance Company (ALICO) (DE)                              

1.    MetLife ALICO Life Insurance K.K. (Japan)                     

a)  Communication One Kabushiki Kaisha (Japan)    

b)  Financial Learning Kabushiki Kaisha (Japan)   

2.    MetLife Global Holding Company I GmbH (Swiss I) (Switzerland) 

   a)  MetLife Global Holding Company II GmbH (Swiss II)
(Switzerland)                             

              i)  MetLife Emeklilik ve Hayat A.S. (Turkey) - 99.98% of
                 MetLife Emeklilik ve Hayat A.S. is owned by Metlife
               Global Holding Company II GmbH (Swiss II) and the
remainder by third parties.       

   ii) ALICO European Holdings Limited (Ireland)

aa) ZAO Master D (Russia)         

                     1) Closed Joint Stock Company MetLife Insurance
                        Company (Russia) - 51% of Closed Joint Stock
                             Company MetLife Insurance Company is owned by ZAO
                       Master D and 49% is owned by MetLife Global
    Holding Company II GmbH.

       iii) MetLife EU Holding Company Limited (Ireland)

                   aa) MetLife Europe Limited (Ireland) - 93% of MetLife
                           Europe Limited is owned by MetLife EU Holding Company
       Limited and 7% is owned by ALICO.

                          1. MetLife Pension Trustees Limited (United Kingdom)

bb) Agenvita S.r.l. (Italy)       

                    cc) MetLife Europe Insurance Limited (Ireland)- 93% of
                          MetLife Europe Insurance Limited is owned by MetLife
                          EU Holding Company Limited and 7% is owned by ALICO.

           dd) MetLife Europe Services Limited (Ireland)

            ee) MetLife Insurance Limited (United Kingdom)

  ff) MetLife Limited (United Kingdom)

             gg) MetLife Services, Sociedad Limitada (Spain)

                  hh) MetLife Insurance S.A./NV (Belgium) - 99.999% of
                      MetLife Insurance S.A./NV is owned by MetLife EU
                    Holding Company Limited and 0.001% is owned by
Natilportem Holdings, Inc.

   ii) MetLife Solutions S.A.S. (France)

  jj) Metlife Biztosito Zrt. (Hungary)

                          1) First American-Hungarian Insurance Agency Limited
(Hungary)           

              kk) Metropolitan Life Asigurari S.A. (Romania) -
                        99.9982018% of Metropolitan Life Asigurari S.A. is
                         owned by MetLife EU Holding Company Limited and the
                    remaining 0.0017982% is owned by International
              Technical and Advisory Services Limited.

                       1) ALICO Societate de Administrare a unui Fond de
                      Pensii Administrat Privat S.A. (Romania) -
                              99.9836% of ALICO Societate de Administrare a unui
                              Fond de Pensii Administrat Privat S.A. is owned by
                           Metropolitan Life Asigurari S.A. and 0.0164% is
               owned by MetLife Services Sp z.o.o.

                    2) Metropolitan Training and Consulting S.R.L.
(Romania)           

                      3) APF Societate de Administrare a Fondurilor De
                          Pensii Facultative (APF) (Romania) - 99.99% of
                            APF is owned by Metropolitan Life Asigurari S.A.
       and 0.01% is owned by ITAS.

             ll) MetLife AMSLICO poist'ovna, a.s. (Slovakia)

                        1) ALICO Services Central Europe s.r.o. (Slovakia)

                      2) ALICO Funds Central Europe sprav. spol., a.s.
(Slovakia)          

           mm) MetLife pojist'ovna a.s. (Czech Republic)

             nn) MetLife Towarzystwo Ubiezpieczen na Zycie I
Reasekuracji S.A. (Poland)

            a) MetLife Services Sp z.o.o. (Poland)

                      b) MetLife Towartzystwo Funduszy Inwestycyjnych,
S.A. (Poland)       

                        c) AMPLICO Powszechne Towartzystwo Emerytalne S.A.
                            (Poland) - 50% of AMPLICO Powszechne Towarzystwo
                           Emerytalne S.A. is owned by MetLife Towarzystwo
                             Ubiezpieczen na Zycie I Reasekuracji S.A. and the
                        remaining 50% is owned by MetLife EU Holding
Company Limited.    

            oo) MetLife Holdings (Cyprus) Limited (Cyprus)

                         a) American Life Insurance Company (Cyprus) Limited
(Cyprus)            

                      pp) ALICO Bulgaria Zhivotozastrahovatelno Druzhestvo EAD
(Bulgaria)                

                    qq) MetLife Alico Life Insurance Company S.A. (Greece)

                        a) ALICO Mutual Fund Management Company (Greece) -
                          90% of ALICO Mutual Fund Management Company is
                              owned by MetLife Alico Life Insurance Company S.A.
                             (Greece) and the remaining interests are owned by
third parties.      

3.    Pharaonic American Life Insurance Company (Egypt) - 84.125% of
           Pharaonic American Life Insurance Company is owned by ALICO and the
remaining interests are owned by third parties.         

     4.    American Life Insurance Company (Pakistan) Ltd. (Pakistan) - 81.96%
            of American Life Insurance Company (Pakistan) Ltd. is owned by ALICO
and the remaining interests are owned by third parties. 

5.    International Investment Holding Company Limited (Russia)     

6.    MetLife Akcionarsko Drustvo za Zivotno Osiguranje (Serbia) -  
        99.98% of MetLife Akcionarska Drustvoza za Zivotno Osiguranje is
owned by ALICO and the remaining 0.02% is owned by ITAS.

7.    ALICO Management Services Limited (United Kingdom)            

   8.    ALICO Trustees U.K. Ltd. (United Kingdom) - 50% of ALICO Trustees
          U.K. Ltd. is owned by ALICO and the remaining interest is owned by
ITAS.                                                   

9.    PJSC MetLife (Ukraine) - 99.9988% of PJSC ALICO Ukraine is    
            owned by ALICO 0.0006% is owned by ITAS and the remaining 0.0006% is
owned by Borderland Investment Limited.                 

10.   Borderland Investment Limited (USA-Delaware)                  

           a)    ALICO Hellas Single Member Limited Liability Company (Greece)

11.   International Technical and Advisory Services Limited ("ITAS")
(USA-Delaware)                                          

12.   ALICO Operations Inc. (USA-Delaware)                          

a)    MetLife Asset Management Corp. (Japan)            

   13.   MetLife Colombia Seguros de Vida S.A. (Colombia) - 94.9899823% of
           MetLife Colombia Seguros de Vida S.A. is owned by ALICO, 5.0100106%
       is owned by ITAS and the remaining interests are owned by third
parties.                                                

  14.   MetLife Mas, S.A. de C.V. (Mexico) - 99.9997546% of MetLife Mas,
   SA de CV is owned by ALICO and 0.0002454% is owned by ITAS.

      15.   MetLife Seguros S.A. (Uruguay) - 74.9187% of MetLife Seguros S.A. is
        owned by ALICO, 25.0798% by MetLife, Inc. and 0.0015% by a third
party (Oscar Schmidt).                                  

  16.   ALICO Properties, Inc. (USA-Delaware) - 51% of ALICO Properties,
       Inc. is owned by ALICO and the remaining interests are owned by
third parties.                                          

a)    Global Properties, Inc. (USA-Delaware)            

17.   Alpha Properties, Inc. (USA-Delaware)                         

18.   Beta Properties, Inc. (USA-Delaware)                          

19.   Delta Properties Japan, Inc. (USA-Delaware)                   

20.   Epsilon Properties Japan, Inc. (USA-Delaware)                 

21.   Iris Properties, Inc. (USA-Delaware)                          

22.   Kappa Properties Japan, Inc. (USA-Delaware)                   

AC.   MetLife Global Benefits, Ltd. (Cayman Islands)                            

AD.   Inversiones Metlife Holdco Dos Limitada (Chile) - 99.999338695% of        
Inversiones MetLife Holdco Dos Limitada is owned by MetLife, Inc.,  
0.00065469% is owned by MetLife International Holdings, Inc. and    
0.000006613% is owned by Natiloportem.                              

AE.   MetLife Consumer Services, Inc. (DE)                                      

AF.   MetLife Reinsurance Company of Delaware (DE)                              

1) The voting securities (excluding directors' qualifying shares, if any) of    
each subsidiary shown on the organizational chart are 100% owned by their       
respective parent corporation, unless otherwise indicated.                      

2) The Metropolitan Money Market Pool and MetLife Intermediate Income Pool are  
pass-through investment pools, of which Metropolitan Life Insurance Company     
and/or its subsidiaries and/or affiliates are general partners.                 

3) The MetLife, Inc. organizational chart does not include real estate joint    
ventures and partnerships of which MetLife, Inc. and/or its subsidiaries is an  
investment partner. In addition, certain inactive subsidiaries have also been   
omitted.                                                                        

4) MetLife Services EEIG is a cost-sharing mechanism used in the EU for EU-     
affiliated members.                                                             

 6

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ITEM 27. NUMBER OF CONTRACT OWNERS                                              

As of September 30, 2014, there were 734,226 owners of qualified contracts and  
177,191 owners of non-qualified contracts offered by the Registrant             
(Metropolitan Life Separate Account E).                                         

ITEM 28. INDEMNIFICATION                                                        

MetLife, Inc. has secured a Financial Institutions Bond in the amount of        
$50,000,000, subject to a $5,000,000 deductible. MetLife, Inc. also maintains a 
Directors & Officers Liability and Corporate Reimbursement Insurance Policy     
with a limit of $400 million. The directors and officers of Metropolitan Life   
Insurance Company ("Metropolitan"), a subsidiary of MetLife, Inc. are also      
covered under the Financial Institutions Bond as well as under the directors'   
and officers' liability policy. A provision in Metropolitans by-laws provides   
for the indemnification (under certain circumstances) of individuals serving as 
directors or officers of Metropolitan.                                          

Insofar as indemnification for liability arising under the Securities Act of    
1933 may be permitted to directors, officers and controlling persons of         
Metropolitan pursuant to the foregoing provisions, or otherwise, Metropolitan   
has been advised that in the opinion of the Securities and Exchange Commission  
such indemnification is against public policy as expressed in the Act and is,   
therefore, unenforceable. In the event that a claim for indemnification against 
such liabilities (other than the payment by Metropolitan of expenses incurred   
or paid by a director, officer or controlling person of Metropolitan in the     
successful defense of any action, suit or proceeding) is asserted by such       
director, officer or controlling person in connection with the securities being 
registered, Metropolitan will, unless in the opinion of its counsel the matter  
has been settled by controlling precedent, submit to a court of appropriate     
jurisdiction the question whether such indemnification by it is against public  
policy as expressed in the Act and will be governed by the final adjudication   
of such issue.                                                                  

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ITEM 29. PRINCIPAL UNDERWRITERS                                                 

 (a) MetLife Investors Distribution Company is the principal underwriter
 for the following investment companies (other than Registrant):

Met Investors Series Trust                                                      
MetLife Investors USA Variable Life Account A                                   
MetLife Investors USA Separate Account A                                        
MetLife Investors Variable Annuity Account One                                  
MetLife Investors Variable Life Account One                                     
First MetLife Investors Variable Annuity Account One                            
General American Separate Account Eleven                                        
General American Separate Account Twenty-Eight                                  
General American Separate Account Twenty-Nine                                   
General American Separate Account Two                                           
Security Equity Separate Account Twenty-Six                                     
Security Equity Separate Account Twenty-Seven                                   
MetLife of CT Separate Account QPN for Variable Annuities                       
MetLife of CT Fund UL for Variable Life Insurance                               
MetLife of CT Fund UL III for Variable Life Insurance                           
Metropolitan Life Variable Annuity Separate Account I                           
Metropolitan Life Variable Annuity Separate Account II                          
MetLife of CT Separate Account Eleven for Variable Annuities                    
Metropolitan Life Separate Account UL                                           
Paragon Separate Account A                                                      
Paragon Separate Account B                                                      
Paragon Separate Account C                                                      
Paragon Separate Account D                                                      
Metropolitan Series Fund                                                        
Metropolitan Tower Life Separate Account One                                    
Metropolitan Tower Life Separate Account Two                                    
New England Life Retirement Investment Account                                  
New England Variable Annuity Fund I                                             
New England Variable Annuity Separate Account                                   
New England Variable Life Separate Account                                      
Separate Account No. 13S                                                        

  (b) The following persons are officers and managers of MetLife Investors
  Distribution Company. The principal business address for MetLife
    Investors Distribution Company is 1095 Avenue of the Americas, New
York, NY 10036.                                               

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Name and Principal                                                            
Business Address                 Positions and Offices with Underwriter       
-------------------------------- -------------------------------------------- 

Elizabeth M. Forget              Director                                     
Gragg Building                                                                
11225 North Community House Road                                              
Charlotte, NC 28277                                                           

Paul A. LaPiana                  Director                                     
Gragg Building                                                                
11225 North Community House Road                                              
Charlotte, NC 28277                                                           

Gerard J. Nigro                  Director and Senior Vice President           
1 MetLife Plaza                                                               
2701 Queens Plaza North                                                       
Long Island City, NY 11101                                                    

Lance Carlson                    President                                    
1 MetLife Plaza                                                               
27-01 Queens Plaza North                                                      
Long Island City, NY 11101                                                    

Kieran R. Mullins                Executive Vice President                     
Gragg Building                                                                
11225 North Community House Road                                              
Charlotte, NC 28277                                                           

Barbara A. Dare                  Senior Vice President                        
Gragg Building                                                                
11225 North Community House Road                                              
Charlotte, NC 28277                                                           

John P. Kyne, III                Vice President and Chief Compliance Officer  
Gragg Building                                                                
11225 North Community House Road                                              
Charlotte, NC 28277                                                           

Donald Leintz                    Vice President                               
Gragg Building                                                                
11225 North Community House Road                                              
Charlotte, NC 28277                                                           

John G. Martinez                 Vice President and Chief Financial Officer   
18210 Crane Nest Drive                                                        
Tampa, FL 33647                                                               

Tyla L. Reynolds                 Vice President and Secretary                 
600 North King Street                                                         
Wilmington, DE 19801                                                          

Marlene B. Debel                 Treasurer                                    
1095 Avenue of the Americas                                                   
New York, NY 10036                                                            

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(c) Compensation from the Registrant. The following commissions and other       
   compensation were received by the Distributor, directly or indirectly, from
the Registrant during the Registrant's last fiscal year:                

                                                        [Enlarge/Download Table]

                                               (2)                                                
                  (1)                    NET UNDERWRITING       (3)           (4)         (5)     
           NAME OF PRINCIPAL              DISCOUNTS AND   COMPENSATION ON  BROKERAGE     OTHER    
              UNDERWRITER                  COMMISSIONS      REDEMPTION    COMMISSIONS COMPENSATION
---------------------------------------  ---------------- --------------- ----------- ------------
                                                                                                  
MetLife Investors Distribution Company     $150,530,898         $0            $0           $0     

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Item 30. Location of Account and Records.                                       

Metropolitan Life Insurance Company                                             
200 Park Avenue                                                                 
New York, N.Y. 10166                                                            

Fidelity Investments Life Insurance Company                                     
82 Devonshire Street                                                            
Boston, Massachusetts 02109.                                                    

Item 31. Management Services.                                                   

Not Applicable                                                    

Item 32.                                                                        

Undertakings.                                                     

(a) The undersigned registrant hereby undertakes to file a        
post-effective amendment to this registration statement as frequently as is     
necessary to ensure that the financial statements in this registration          
statement are not more than 16 months old for as long as payments under these   
variable annuity contracts may be accepted.                                     

     (b) The undersigned registrant hereby undertakes to include a post card
or similar written communication affixed to or included in the prospectus that  
the applicant can remove to send for a Statement of Additional Information.     

(c) The undersigned registrant hereby undertakes to deliver any   
Statement of Additional Information and any financial statements required to be 
made available under this form promptly upon written or oral request.           

  (d) Metropolitan Life Insurance Company represents that the fees and
charges deducted under the Contract described in this Registration Statement,   
in the aggregate, are reasonable in relation to the services rendered, the      
expenses to be incurred, and the risks assumed by Metropolitan Life Insurance   
Company under the Contract.                                                     

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SIGNATURES  

 As required by the Securities Act of 1933 and the Investment Company Act of
1940, the registrant has caused this Pre-Effective Amendment to the             
Registration Statement to be signed on its behalf, in the City of New York, and 
the State of New York, on the 22nd day of October, 2014.                        

METROPOLITAN LIFE SEPARATE ACCOUNT E                                      
(Registrant)                                                              

By: METROPOLITAN LIFE INSURANCE COMPANY                                   

By: /s/ Paul G. Cellupica                                                 
------------------------------------------                        
Paul G. Cellupica                                                 
Executive Vice President and Chief Counsel                        

METROPOLITAN LIFE INSURANCE COMPANY                                       
(Depositor)                                                               

By: /s/ Paul G. Cellupica                                                 
------------------------------------------                        
Paul G. Cellupica                                                 
Executive Vice President and Chief Counsel                        

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As required by the Securities Act of 1933, this Registration Statement has been 
signed by the following persons in the capacities indicated on October 22, 2014.

/s/ Steven A. Kandarian*          Chairman of the Board, President and Chief    
--------------------------------  Executive Officer                             
Steven A. Kandarian                                                             

/s/ John C.R. Hele*               Executive Vice President and Chief Financial  
--------------------------------  Officer                                       
John C.R. Hele                                                                  

/s/ Peter M. Carlson*             Executive Vice President, Finance Operations  
--------------------------------  and Chief Accounting Officer                  
Peter M. Carlson                                                                

/s/ Cheryl W. Grise*              Director                                      
--------------------------------                                                
Cheryl W. Grise                                                                 

/s/ Carlos Miguel Gutierrez*      Director                                      
--------------------------------                                                
Carlos Miguel Gutierrez                                                         

/s/ R. Glenn Hubbard*             Director                                      
--------------------------------                                                
R. Glenn Hubbard                                                                

/s/ John M. Keane*                Director                                      
--------------------------------                                                
John M. Keane                                                                   

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/s/ Alfred F. Kelly, Jr.*         Director                                      
--------------------------------                                                
Alfred F. Kelly, Jr.                                                            

/s/ William E. Kennard*           Director                                      
--------------------------------                                                
William E. Kennard                                                              

/s/ James M. Kilts*               Director                                      
--------------------------------                                                
James M. Kilts                                                                  

/s/ Catherine R. Kinney*          Director                                      
--------------------------------                                                
Catherine R. Kinney                                                             

/s/ Hugh B. Price*                Director                                      
--------------------------------                                                
Hugh B. Price                                                                   

/s/ Denise M. Morrison*           Director                                      
--------------------------------                                                
Denise M. Morrison                                                              

/s/ Kenton J. Sicchitano*         Director                                      
--------------------------------                                                
Kenton J. Sicchitano                                                            

/s/ Lulu C. Wang*                 Director                                      
--------------------------------                                                
Lulu C. Wang                                                                    

*By: /s/ Michele H. Abate                                                 
----------------------------------                              
Michele H. Abate, Attorney-In-Fact                              
October 22, 2014                                                

* Metropolitan Life Insurance Company. Executed by Michele H. Abate, Esquire on 
behalf of those indicated pursuant to powers of attorney filed herwith.     

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Index to Exhibits 

1     Resolution of Board of Directors of the Company                   

  4(i)  Form of Individual Single Purchase Payment Deferred Variable Annuity
Contract                                                    

4(ii) Form of Contract Schedule                                         

4(iii)Form of Contract Schedule                                         

4(iv) Form of Rider-Living Benefit                                      

4(v)  Form of Death Benefit Rider-Return of Purchase Payment            

5     Form of Variable Annuity Application                              

9     Opinion of Counsel                                                

10    Consent of Independent Registered Public Accounting Firm          

13    Power of Attorney for Metropolitan Life Insurance Company