Equity (Tables)

3 Months Ended

Mar. 31, 2017

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows at both March 31, 2017 and December 31, 2016:

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 March 31, 2017
	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	$	10,766		$	1,865		$	(5,312	)	$	(1,972	)	$	5,347
OCI before reclassifications	733			210			348			(20		)	1,271
Deferred income tax benefit (expense)	(284		)	(73		)	122			2			(233		)
AOCI before reclassifications, net of income tax	11,215			2,002			(4,842		)	(1,990		)	6,385
Amounts reclassified from AOCI	196			(229		)	—			44			11
Deferred income tax benefit (expense)	(75		)	80			—			(5		)	—
Amounts reclassified from AOCI, net of income tax	121			(149		)	—			39			11
Balance, end of period	$	11,336		$	1,853		$	(4,842	)	$	(1,951	)	$	6,396
	Three Months Ended March 31, 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	7,670			696			551			—			8,917
Deferred income tax benefit (expense)	(2,549		)	(199		)	117			—			(2,631		)
AOCI before reclassifications, net of income tax	15,436			1,955			(4,282		)	(2,052		)	11,057
Amounts reclassified from AOCI	17			(323		)	—			48			(258		)
Deferred income tax benefit (expense)	(7		)	93			—			(20		)	66
Amounts reclassified from AOCI, net of income tax	10			(230		)	—			28			(192		)
Balance, end of period	$	15,446		$	1,725		$	(4,282	)	$	(2,024	)	$	10,865

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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.

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 Statements of Operations and Comprehensive Income (Loss) Locations
	Three Months Ended March 31,
	2017			2016
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	(8	)	$	(33	)	Net investment gains (losses)
Net unrealized investment gains (losses)	7			3			Net investment income
Net unrealized investment gains (losses)	(195		)	13			Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	(196		)	(17		)
Income tax (expense) benefit	75			7
Net unrealized investment gains (losses), net of income tax	(121		)	(10		)
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	8			10			Net derivative gains (losses)
Interest rate swaps	5			3			Net investment income
Interest rate forwards	(4		)	2			Net derivative gains (losses)
Interest rate forwards	1			1			Net investment income
Foreign currency swaps	218			306			Net derivative gains (losses)
Foreign currency swaps	1			1			Other expenses
Gains (losses) on cash flow hedges, before income tax	229			323
Income tax (expense) benefit	(80		)	(93		)
Gains (losses) on cash flow hedges, net of income tax	149			230
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(49		)	(51		)
Amortization of prior service (costs) credit	5			3
Amortization of defined benefit plan items, before income tax	(44		)	(48		)
Income tax (expense) benefit	5			20
Amortization of defined benefit plan items, net of income tax	(39		)	(28		)
Total reclassifications, net of income tax	$	(11	)	$	192

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