Equity (Tables)

6 Months Ended

Jun. 30, 2017

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows at both June 30, 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 June 30, 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	$	11,336		$	1,853		$	(4,842	)	$	(1,951	)	$	6,396
OCI before reclassifications	3,290			(7		)	169			1			3,453
Deferred income tax benefit (expense)	(1,132		)	3			(6		)	3			(1,132		)
AOCI before reclassifications, net of income tax	13,494			1,849			(4,679		)	(1,947		)	8,717
Amounts reclassified from AOCI	(47		)	(429		)	—			41			(435		)
Deferred income tax benefit (expense)	22			149			—			(17		)	154
Amounts reclassified from AOCI, net of income tax	(25		)	(280		)	—			24			(281		)
Balance, end of period	$	13,469		$	1,569		$	(4,679	)	$	(1,923	)	$	8,436
	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

	Six Months Ended June 30, 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	4,023			203			517			(19		)	4,724
Deferred income tax benefit (expense)	(1,416		)	(70		)	116			5			(1,365		)
AOCI before reclassifications, net of income tax	13,373			1,998			(4,679		)	(1,986		)	8,706
Amounts reclassified from AOCI	149			(658		)	—			85			(424		)
Deferred income tax benefit (expense)	(53		)	229			—			(22		)	154
Amounts reclassified from AOCI, net of income tax	96			(429		)	—			63			(270		)
Balance, end of period	$	13,469		$	1,569		$	(4,679	)	$	(1,923	)	$	8,436
	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

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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 Statements of Operations and Comprehensive Income (Loss) Locations
	Three Months Ended June 30,						Six Months Ended June 30,
	2017			2016			2017			2016
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	46		$	158		$	38		$	125		Net investment gains (losses)
Net unrealized investment gains (losses)	(4		)	16			3			19			Net investment income
Net unrealized investment gains (losses)	5			9			(190		)	22			Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax	47			183			(149		)	166
Income tax (expense) benefit	(22		)	(61		)	53			(54		)
Net unrealized investment gains (losses), net of income tax	25			122			(96		)	112
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	6			18			14			28			Net derivative gains (losses)
Interest rate swaps	4			4			9			7			Net investment income
Interest rate forwards	2			(1		)	(2		)	1			Net derivative gains (losses)
Interest rate forwards	2			2			3			3			Net investment income
Interest rate forwards	1			1			1			1			Other expenses
Foreign currency swaps	414			(269		)	632			37			Net derivative gains (losses)
Foreign currency swaps	(1		)	(1		)	(1		)	(1		)	Net investment income
Foreign currency swaps	—			—			1			1			Other expenses
Credit forwards	1			3			1			3			Net derivative gains (losses)
Gains (losses) on cash flow hedges, before income tax	429			(243		)	658			80
Income tax (expense) benefit	(149		)	68			(229		)	(25		)
Gains (losses) on cash flow hedges, net of income tax	280			(175		)	429			55
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(48		)	(52		)	(97		)	(103		)
Amortization of prior service (costs) credit	7			1			12			4
Amortization of defined benefit plan items, before income tax	(41		)	(51		)	(85		)	(99		)
Income tax (expense) benefit	17			17			22			37
Amortization of defined benefit plan items, net of income tax	(24		)	(34		)	(63		)	(62		)
Total reclassifications, net of income tax	$	281		$	(87	)	$	270		$	105

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(1) These AOCI components are included in the computation of net periodic benefit costs. See Note 12.