Equity (Tables)

6 Months Ended

Jun. 30, 2015

Equity [Abstract]

Schedule of Stock by Class

Further information on MetLife, Inc.’s authorized, issued and outstanding preferred stock was as follows:

	June 30, 2015			December 31, 2014
Series	Shares Authorized	Shares Issued	Shares Outstanding	Shares Authorized	Shares Issued	Shares Outstanding
Floating Rate Non-Cumulative Preferred Stock, Series A	27,600,000	24,000,000	24,000,000	27,600,000	24,000,000	24,000,000
6.50% Non-Cumulative Preferred Stock, Series B (1)	69,000,000	—	—	69,000,000	60,000,000	60,000,000
5.25% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C	1,500,000	1,500,000	1,500,000	—	—	—
Series A Junior Participating Preferred Stock	10,000,000	—	—	10,000,000	—	—
Not designated	91,900,000	—	—	93,400,000	—	—
Total	200,000,000	25,500,000	25,500,000	200,000,000	84,000,000	84,000,000

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(1) As discussed further above, on July 1, 2015, MetLife, Inc. redeemed and canceled the remaining 22,807,587 Series B preferred shares not tendered in the tender offer.

Components of Accumulated Other Comprehensive Income (Loss)

Information regarding changes in the balances of each component of AOCI attributable to MetLife, Inc., was as follows:

	Three Months   Ended   June 30, 2015
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)			Unrealized Gains (Losses) on Derivatives			Foreign Currency Translation Adjustments			Defined Benefit Plans Adjustment			Total
	(In millions)
Balance, beginning of period	$	16,206		$	1,555		$	(3,986	)	$	(2,246	)	$	11,529
OCI before reclassifications	(6,511		)	(395		)	(237		)	3			(7,140		)
Deferred income tax benefit (expense)	2,178			150			9			(1		)	2,336
AOCI before reclassifications, net of income tax	11,873			1,310			(4,214		)	(2,244		)	6,725
Amounts reclassified from AOCI	(177		)	(303		)	—			57			(423		)
Deferred income tax benefit (expense)	65			95			—			(19		)	141
Amounts reclassified from AOCI, net of income tax	(112		)	(208		)	—			38			(282		)
Sale of subsidiary	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Sale of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	11,761		$	1,102		$	(4,214	)	$	(2,206	)	$	6,443

	Three Months   Ended   June 30, 2014
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)			Unrealized Gains (Losses) on Derivatives			Foreign Currency Translation Adjustments			Defined Benefit Plans Adjustment			Total
	(In millions)
Balance, beginning of period	$	11,276		$	404		$	(1,843	)	$	(1,622	)	$	8,215
OCI before reclassifications	4,330			175			(5		)	6			4,506
Deferred income tax benefit (expense)	(1,336		)	(48		)	53			(2		)	(1,333		)
AOCI before reclassifications, net of income tax	14,270			531			(1,795		)	(1,618		)	11,388
Amounts reclassified from AOCI	(176		)	(80		)	77			46			(133		)
Deferred income tax benefit (expense)	55			25			(27		)	(16		)	37
Amounts reclassified from AOCI, net of income tax	(121		)	(55		)	50			30			(96		)
Sale of subsidiary (2)	(320		)	—			6			—			(314		)
Deferred income tax benefit (expense)	80			—			—			—			80
Sale of subsidiary, net of income tax	(240		)	—			6			—			(234		)
Balance, end of period	$	13,909		$	476		$	(1,739	)	$	(1,588	)	$	11,058

	Six Months   Ended   June 30, 2015
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)			Unrealized Gains (Losses) on Derivatives			Foreign Currency Translation Adjustments			Defined Benefit Plans Adjustment			Total
	(In millions)
Balance, beginning of period	$	15,159		$	1,076		$	(3,303	)	$	(2,283	)	$	10,649
OCI before reclassifications	(4,885		)	(208		)	(907		)	3			(5,997		)
Deferred income tax benefit (expense)	1,677			84			(4		)	(1		)	1,756
AOCI before reclassifications, net of income tax	11,951			952			(4,214		)	(2,281		)	6,408
Amounts reclassified from AOCI	(290		)	251			—			114			75
Deferred income tax benefit (expense)	100			(101		)	—			(39		)	(40		)
Amounts reclassified from AOCI, net of income tax	(190		)	150			—			75			35
Sale of subsidiary	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Sale of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	11,761		$	1,102		$	(4,214	)	$	(2,206	)	$	6,443

	Six Months   Ended   June 30, 2014
	Unrealized Investment Gains (Losses), Net of Related Offsets (1)			Unrealized Gains (Losses) on Derivatives			Foreign Currency Translation Adjustments			Defined Benefit Plans Adjustment			Total
	(In millions)
Balance, beginning of period	$	8,183		$	231		$	(1,659	)	$	(1,651	)	$	5,104
OCI before reclassifications	9,182			496			(222		)	6			9,462
Deferred income tax benefit (expense)	(2,981		)	(161		)	86			(2		)	(3,058		)
AOCI before reclassifications, net of income tax	14,384			566			(1,795		)	(1,647		)	11,508
Amounts reclassified from AOCI	(349		)	(134		)	77			91			(315		)
Deferred income tax benefit (expense)	114			44			(27		)	(32		)	99
Amounts reclassified from AOCI, net of income tax	(235		)	(90		)	50			59			(216		)
Sale of subsidiary (2)	(320		)	—			6			—			(314		)
Deferred income tax benefit (expense)	80			—			—			—			80
Sale of subsidiary, net of income tax	(240		)	—			6			—			(234		)
Balance, end of period	$	13,909		$	476		$	(1,739	)	$	(1,588	)	$	11,058

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(1) See Note 5 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI, and the policyholder dividend obligation.

(2) See Note 3 of the Notes to the Consolidated Financial Statements included in the 2014 Annual Report.

Reclassification out of Accumulated Other Comprehensive Income (Loss)

Information regarding amounts reclassified out of each component of AOCI was as follows:

AOCI Components	Amounts Reclassified from AOCI												Consolidated Statement of Operations and Comprehensive Income (Loss) Locations
	Three Months   Ended   June 30,						Six Months   Ended   June 30,
	2015			2014			2015			2014
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	110		$	80		$	249		$	192		Net investment gains (losses)
Net unrealized investment gains (losses)	17			59			57			85			Net investment income
Net unrealized investment gains (losses)	50			37			(16		)	72			Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	177			176			290			349
Income tax (expense) benefit	(65		)	(55		)	(100		)	(114		)
Net unrealized investment gains (losses), net of income tax	$	112		$	121		$	190		$	235
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	$	7		$	12		$	12		$	27		Net derivative gains (losses)
Interest rate swaps	3			2			6			4			Net investment income
Interest rate forwards	1			2			4			2			Net derivative gains (losses)
Interest rate forwards	1			1			2			2			Net investment income
Interest rate forwards	—			1			1			1			Other expenses
Foreign currency swaps	290			62			(277		)	98			Net derivative gains (losses)
Foreign currency swaps	(1		)	—			(1		)	(1		)	Net investment income
Foreign currency swaps	1			—			1			1			Other expenses
Credit forwards	1			—			1			—			Net investment income
Gains (losses) on cash flow hedges, before income tax	303			80			(251		)	134
Income tax (expense) benefit	(95		)	(25		)	101			(44		)
Gains (losses) on cash flow hedges, net of income tax	$	208		$	55		$	(150	)	$	90
Foreign translation adjustment	—			(77		)	—			(77		)	Net investment gains (losses)
Income tax (expense) benefit	—			27			—			27
Foreign translation adjustment, net of income tax	—			(50		)	—			(50		)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	$	(58	)	$	(47	)	$	(116	)	$	(91	)
Amortization of prior service (costs) credit	1			1			2			—
Amortization of defined benefit plan items, before  income tax	(57		)	(46		)	(114		)	(91		)
Income tax (expense) benefit	19			16			39			32
Amortization of defined benefit plan items, net of income tax	$	(38	)	$	(30	)	$	(75	)	$	(59	)
Total reclassifications, net of income tax	$	282		$	96		$	(35	)	$	216

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(1) These AOCI components are included in the computation of net periodic benefit costs. See Note 11.