MetLife 2008 Annual Report

Ref: http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9MzE2fENoaWxkSUQ9LTF8VHlwZT0z&t=1

P1 - "In our Individual business, total premiums and deposits grew 10% to reach $26.7 billion." 
But p6 says "Premiums, fees and other revenues increased by $2,085 million, net of income tax, across all of the Company’s operating segments but most notably within the Institutional and International segments due to business growth.Policyholder benefits and claims and policyholder dividends increased commensurately by $2,393 million, net of income tax;" Obviously the CEO is just telling part of the truth in the beginning, trying to give people a first impression that the company is doing good - we made $2,085 money, but we also lost $2,393! I don't consider the CEO is honest!

P2 - "An increase in corporate expenses primarily related to an enterprise-wide cost reduction and revenue enhancement initiative."
Isn't it a joke that the cost reduction initiative actually increased the corporate expense?

P2 - "While RGA had performed extremely well since MetLife acquired its majority stake in the company in 2000, the reinsurance businees was clearly not a core one for us."
However, on page 6, the net loss of RGA increased $516M! How can you say it did extremely well?