Equity (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows at both June 30, 2016 and December 31, 2015:

Series	Shares Authorized	Shares Issued	Shares Outstanding
Floating Rate Non-Cumulative Preferred Stock, Series A	27,600,000	24,000,000	24,000,000
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	—	—
Not designated	160,900,000	—	—
Total	200,000,000	25,500,000	25,500,000

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, 2016
	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	$	15,446		$	1,725		$	(4,282	)	$	(2,024	)	$	10,865
OCI before reclassifications	4,268			800			209			11			5,288
Deferred income tax benefit (expense)	(1,388		)	(269		)	53			(4		)	(1,608		)
AOCI before reclassifications, net of income tax	18,326			2,256			(4,020		)	(2,017		)	14,545
Amounts reclassified from AOCI	(183		)	243			—			51			111
Deferred income tax benefit (expense)	61			(68		)	—			(17		)	(24		)
Amounts reclassified from AOCI, net of income tax	(122		)	175			—			34			87
Balance, end of period	$	18,204		$	2,431		$	(4,020	)	$	(1,983	)	$	14,632
	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		)
Balance, end of period	$	11,761		$	1,102		$	(4,214	)	$	(2,206	)	$	6,443

	Six Months   Ended   June 30, 2016
	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	$	10,315		$	1,458		$	(4,950	)	$	(2,052	)	$	4,771
OCI before reclassifications	11,938			1,496			760			11			14,205
Deferred income tax benefit (expense)	(3,937		)	(468		)	170			(4		)	(4,239		)
AOCI before reclassifications, net of income tax	18,316			2,486			(4,020		)	(2,045		)	14,737
Amounts reclassified from AOCI	(166		)	(80		)	—			99			(147		)
Deferred income tax benefit (expense)	54			25			—			(37		)	42
Amounts reclassified from AOCI, net of income tax	(112		)	(55		)	—			62			(105		)
Balance, end of period	$	18,204		$	2,431		$	(4,020	)	$	(1,983	)	$	14,632
	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
Balance, end of period	$	11,761		$	1,102		$	(4,214	)	$	(2,206	)	$	6,443

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(1) See Note 6 for information on offsets to investments related to future policy benefits, DAC, VOBA and DSI, and the policyholder dividend obligation.

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,
	2016			2015			2016			2015
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	158		$	110		$	125		$	249		Net investment gains (losses)
Net unrealized investment gains (losses)	16			17			19			57			Net investment income
Net unrealized investment gains (losses)	9			50			22			(16		)	Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	183			177			166			290
Income tax (expense) benefit	(61		)	(65		)	(54		)	(100		)
Net unrealized investment gains (losses), net of income tax	122			112			112			190
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	18			7			28			12			Net derivative gains (losses)
Interest rate swaps	4			3			7			6			Net investment income
Interest rate forwards	(1		)	1			1			4			Net derivative gains (losses)
Interest rate forwards	2			1			3			2			Net investment income
Interest rate forwards	1			—			1			1			Other expenses
Foreign currency swaps	(269		)	290			37			(277		)	Net derivative gains (losses)
Foreign currency swaps	(1		)	(1		)	(1		)	(1		)	Net investment income
Foreign currency swaps	—			1			1			1			Other expenses
Credit forwards	3			—			3			—			Net derivative gains (losses)
Credit forwards	—			1			—			1			Net investment income
Gains (losses) on cash flow hedges, before income tax	(243		)	303			80			(251		)
Income tax (expense) benefit	68			(95		)	(25		)	101
Gains (losses) on cash flow hedges, net of income tax	(175		)	208			55			(150		)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(52		)	(58		)	(103		)	(116		)
Amortization of prior service (costs) credit	1			1			4			2
Amortization of defined benefit plan items, before income tax	(51		)	(57		)	(99		)	(114		)
Income tax (expense) benefit	17			19			37			39
Amortization of defined benefit plan items, net of income tax	(34		)	(38		)	(62		)	(75		)
Total reclassifications, net of income tax	$	(87	)	$	282		$	105		$	(35	)

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