Equity (Tables)

9 Months Ended

Sep. 30, 2015

Equity [Abstract]

Schedule of Stock by Class

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

	September 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

__________________

(1) As previously discussed, MetLife, Inc. redeemed and canceled the Series B preferred stock in 2015.

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   September 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	$	11,761		$	1,102		$	(4,214	)	$	(2,206	)	$	6,443
OCI before reclassifications	962			102			(336		)	—			728
Deferred income tax benefit (expense)	(340		)	(47		)	(24		)	—			(411		)
AOCI before reclassifications, net of income tax	12,383			1,157			(4,574		)	(2,206		)	6,760
Amounts reclassified from AOCI	(102		)	239			—			57			194
Deferred income tax benefit (expense)	34			(77		)	—			(20		)	(63		)
Amounts reclassified from AOCI, net of income tax	(68		)	162			—			37			131
Sale of subsidiary	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Sale of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	12,315		$	1,319		$	(4,574	)	$	(2,169	)	$	6,891

	Three Months   Ended   September 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	$	13,909		$	476		$	(1,739	)	$	(1,588	)	$	11,058
OCI before reclassifications	(56		)	118			(264		)	28			(174		)
Deferred income tax benefit (expense)	130			(49		)	(157		)	(9		)	(85		)
AOCI before reclassifications, net of income tax	13,983			545			(2,160		)	(1,569		)	10,799
Amounts reclassified from AOCI	(214		)	471			—			45			302
Deferred income tax benefit (expense)	62			(158		)	—			(13		)	(109		)
Amounts reclassified from AOCI, net of income tax	(152		)	313			—			32			193
Sale of subsidiary	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Sale of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	13,831		$	858		$	(2,160	)	$	(1,537	)	$	10,992

	Nine Months   Ended   September 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	(3,923		)	(106		)	(1,243		)	3			(5,269		)
Deferred income tax benefit (expense)	1,337			37			(28		)	(1		)	1,345
AOCI before reclassifications, net of income tax	12,573			1,007			(4,574		)	(2,281		)	6,725
Amounts reclassified from AOCI	(392		)	490			—			171			269
Deferred income tax benefit (expense)	134			(178		)	—			(59		)	(103		)
Amounts reclassified from AOCI, net of income tax	(258		)	312			—			112			166
Sale of subsidiary	—			—			—			—			—
Deferred income tax benefit (expense)	—			—			—			—			—
Sale of subsidiary, net of income tax	—			—			—			—			—
Balance, end of period	$	12,315		$	1,319		$	(4,574	)	$	(2,169	)	$	6,891

	Nine Months   Ended   September 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	9,126			614			(486		)	34			9,288
Deferred income tax benefit (expense)	(2,851		)	(210		)	(71		)	(11		)	(3,143		)
AOCI before reclassifications, net of income tax	14,458			635			(2,216		)	(1,628		)	11,249
Amounts reclassified from AOCI	(563		)	337			77			136			(13		)
Deferred income tax benefit (expense)	176			(114		)	(27		)	(45		)	(10		)
Amounts reclassified from AOCI, net of income tax	(387		)	223			50			91			(23		)
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	$	13,831		$	858		$	(2,160	)	$	(1,537	)	$	10,992

__________________

(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   September 30,						Nine Months   Ended   September 30,
	2015			2014			2015			2014
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	104		$	167		$	353		$	359		Net investment gains (losses)
Net unrealized investment gains (losses)	3			14			60			99			Net investment income
Net unrealized investment gains (losses)	(5		)	33			(21		)	105			Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	102			214			392			563
Income tax (expense) benefit	(34		)	(62		)	(134		)	(176		)
Net unrealized investment gains (losses), net of income tax	$	68		$	152		$	258		$	387
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	$	40		$	1		$	52		$	28		Net derivative gains (losses)
Interest rate swaps	3			3			9			7			Net investment income
Interest rate forwards	1			(10		)	5			(8		)	Net derivative gains (losses)
Interest rate forwards	1			—			3			2			Net investment income
Interest rate forwards	1			1			2			2			Other expenses
Foreign currency swaps	(286		)	(466		)	(563		)	(368		)	Net derivative gains (losses)
Foreign currency swaps	—			(1		)	(1		)	(2		)	Net investment income
Foreign currency swaps	—			—			1			1			Other expenses
Credit forwards	1			—			1			—			Net derivative gains (losses)
Credit forwards	—			1			1			1			Net investment income
Gains (losses) on cash flow hedges, before income tax	(239		)	(471		)	(490		)	(337		)
Income tax (expense) benefit	77			158			178			114
Gains (losses) on cash flow hedges, net of income tax	$	(162	)	$	(313	)	$	(312	)	$	(223	)
Foreign translation adjustment	$	—		$	—		$	—		$	(77	)	Net investment gains (losses)
Income tax (expense) benefit	—			—			—			27
Foreign translation adjustment, net of income tax	$	—		$	—		$	—		$	(50	)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	$	(58	)	$	(45	)	$	(174	)	$	(136	)
Amortization of prior service (costs) credit	1			—			3			—
Amortization of defined benefit plan items, before  income tax	(57		)	(45		)	(171		)	(136		)
Income tax (expense) benefit	20			13			59			45
Amortization of defined benefit plan items, net of income tax	$	(37	)	$	(32	)	$	(112	)	$	(91	)
Total reclassifications, net of income tax	$	(131	)	$	(193	)	$	(166	)	$	23

__________________

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