1 General Account AUM (GA AUM) is used by MetLife to describe assets in its general account (GA) investment portfolio that are actively managed and stated at estimated fair value. GA AUM is comprised of GA total investments and cash and cash equivalents, excluding policy loans, contract-holder directed equity securities, fair value option securities and certain other invested assets, as substantially all of these assets are not actively managed in MetLife’s GA investment portfolio. Mortgage loans (including commercial, agricultural and residential) and real estate and real estate joint ventures included in GA AUM (at net asset value, net of deduction for encumbering debt) have been adjusted from carrying value to estimated fair value. Classification of GA AUM by sector is based on the nature and characteristics of the underlying investments, which can vary from how they are classified under GAAP. Accordingly, the underlying investments within certain real estate and real estate joint ventures that are primarily commercial mortgage loans (at net asset value, net of deduction for encumbering debt) have been reclassified to exclude them from real estate equity and include them as commercial mortgage loans
2 As of March 31, 2022. At estimated fair value. Dollars in billions. Cash and Short-Term Investments includes cash equivalents. See Explanatory Note.
3 Includes limited partnerships, collective trusts, mutual funds registered under the Investment Company Act and other vehicles offered or available to qualifying investors, including third parties and affiliates.
4 Includes nonprofit clients, Taft-Hartley pension fund clients and asset manager clients.
5 MIM may periodically refine or otherwise modify its definition of responsible investments and the components thereof based on data availability or other factors.
6 MIM currently defines green investments to include 1) LEED, energy star, BREEAM and/or Fitwel certified real estate equity investments; 2) commercial mortgage loans secured by LEED and/or energy star certified real estate; 3) renewable energy projects, including wind and solar; 4) ESPC (energy savings performance contracts); 5) public and private corporate green bonds; and 6) pace (property assessed clean energy) residential and commercial loans.
7 A municipal bond is a public debt security issued by a state, municipality, or county to finance its capital expenditures, including the construction of highways, bridges, or schools.
8 Impact investments are defined as those made with the intention to generate positive, measurable social and environmental impact alongside a financial return.
