Equity (Tables)

9 Months Ended

Sep. 30, 2016

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows at both September 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   September 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	$	18,204		$	2,431		$	(4,020	)	$	(1,983	)	$	14,632
OCI before reclassifications	(1,066		)	(24		)	49			(259		)	(1,300		)
Deferred income tax benefit (expense)	281			8			30			85			404
AOCI before reclassifications, net of income tax	17,419			2,415			(3,941		)	(2,157		)	13,736
Amounts reclassified from AOCI	(173		)	(94		)	—			46			(221		)
Deferred income tax benefit (expense)	60			30			—			(10		)	80
Amounts reclassified from AOCI, net of income tax	(113		)	(64		)	—			36			(141		)
Balance, end of period	$	17,306		$	2,351		$	(3,941	)	$	(2,121	)	$	13,595
	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
Balance, end of period	$	12,315		$	1,319		$	(4,574	)	$	(2,169	)	$	6,891

	Nine Months   Ended   September 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	10,872			1,472			809			(248		)	12,905
Deferred income tax benefit (expense)	(3,656		)	(460		)	200			81			(3,835		)
AOCI before reclassifications, net of income tax	17,531			2,470			(3,941		)	(2,219		)	13,841
Amounts reclassified from AOCI	(339		)	(174		)	—			145			(368		)
Deferred income tax benefit (expense)	114			55			—			(47		)	122
Amounts reclassified from AOCI, net of income tax	(225		)	(119		)	—			98			(246		)
Balance, end of period	$	17,306		$	2,351		$	(3,941	)	$	(2,121	)	$	13,595
	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
Balance, end of period	$	12,315		$	1,319		$	(4,574	)	$	(2,169	)	$	6,891

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(1) See Note 7 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   September 30,						Nine Months   Ended   September 30,
	2016			2015			2016			2015
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	163		$	104		$	288		$	353		Net investment gains (losses)
Net unrealized investment gains (losses)	4			3			23			60			Net investment income
Net unrealized investment gains (losses)	6			(5		)	28			(21		)	Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	173			102			339			392
Income tax (expense) benefit	(60		)	(34		)	(114		)	(134		)
Net unrealized investment gains (losses), net of income tax	113			68			225			258
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	28			40			56			52			Net derivative gains (losses)
Interest rate swaps	4			3			11			9			Net investment income
Interest rate forwards	1			1			2			5			Net derivative gains (losses)
Interest rate forwards	1			1			4			3			Net investment income
Interest rate forwards	—			1			1			2			Other expenses
Foreign currency swaps	59			(286		)	96			(563		)	Net derivative gains (losses)
Foreign currency swaps	—			—			(1		)	(1		)	Net investment income
Foreign currency swaps	—			—			1			1			Other expenses
Credit forwards	—			1			3			1			Net derivative gains (losses)
Credit forwards	1			—			1			1			Net investment income
Gains (losses) on cash flow hedges, before income tax	94			(239		)	174			(490		)
Income tax (expense) benefit	(30		)	77			(55		)	178
Gains (losses) on cash flow hedges, net of income tax	64			(162		)	119			(312		)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(47		)	(58		)	(150		)	(174		)
Amortization of prior service (costs) credit	1			1			5			3
Amortization of defined benefit plan items, before income tax	(46		)	(57		)	(145		)	(171		)
Income tax (expense) benefit	10			20			47			59
Amortization of defined benefit plan items, net of income tax	(36		)	(37		)	(98		)	(112		)
Total reclassifications, net of income tax	$	141		$	(131	)	$	246		$	(166	)

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(1) These AOCI components are included in the computation of net periodic benefit costs. See Note 13.