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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Premiums $ 10,391 $ 10,375 $ 29,501 $ 28,940
Universal life and investment-type product policy fees 2,296 2,346 6,926 7,174
Net investment income 5,464 3,959 14,910 14,367
Other revenues 366 484 1,340 1,497
Net investment gains (losses):        
Other-than-temporary impairments on fixed maturity securities (8) (43) (94) (51)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive income (loss) (6) 16 (12) 4
Other net investment gains (losses) 271 409 644 582
Total net investment gains (losses) 257 382 538 535
Net derivative gains (losses) (1,051) 485 (1,815) 394
Total revenues 17,723 18,031 51,400 52,907
Expenses        
Policyholder benefits and claims 10,855 10,334 30,807 28,943
Interest credited to policyholder account balances 1,820 647 4,646 3,940
Policyholder dividends 312 354 951 1,024
Goodwill impairment 260 0 260 0
Other expenses 3,928 4,533 11,366 12,665
Total expenses 17,175 15,868 48,030 46,572
Income (loss) before provision for income tax 548 2,163 3,370 6,335
Provision for income tax expense (benefit) (25) 965 480 1,855
Net income (loss) 573 1,198 2,890 4,480
Less: Net income (loss) attributable to noncontrolling interests (4) (5) 2 4
Net income (loss) attributable to MetLife, Inc. 577 1,203 2,888 4,476
Less: Preferred stock dividends 6 6 58 67
Preferred stock repurchase premium 0 0 0 42
Net income (loss) available to MetLife, Inc.’s common shareholders 571 1,197 2,830 4,367
Comprehensive income (loss) (463) 1,653 11,809 760
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of income tax (3) 2 97 42
Comprehensive income (loss) attributable to MetLife, Inc. $ (460) $ 1,651 $ 11,712 $ 718
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:        
Basic $ 0.52 $ 1.07 $ 2.57 $ 3.90
Diluted 0.51 1.06 2.55 3.86
Cash dividends declared per common share $ 0.400 $ 0.375 $ 1.175 $ 1.100