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Business, Basis of Presentation and Summary of Significant Accounting Policies - Schedule of Prior Period Adjustment (Tables)
12 Months Ended
Dec. 31, 2017
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block]
A summary of the revisions to prior period net income (loss) available to MetLife, Inc.’s common shareholders is shown in the table below:
 
 
For the Years Ended December 31,
 
 
2016
 
2015
 
 
(In millions)
Assumed variable annuity guarantee reserves
 
$
184

 
$
80

Group annuity reserves
 
(33
)
 
(31
)
Other revisions to continuing operations, net
 
(10
)
 
(106
)
Impact to income (loss) from continuing operations before provision for income tax
 
141

 
(57
)
Provision for income tax expense (benefit) (1)
 
27

 
(110
)
Impact to income (loss) from continuing operations, net of income tax
 
114

 
53

Other revisions to discontinued operations, net of income tax (1)
 
(64
)
 
10

Impact to net income (loss) available to MetLife, Inc.’s common shareholders
 
$
50

 
$
63

__________________
(1)
Includes impact of certain tax-specific revisions.
The impact of the revisions is shown in the tables below:
 
 
December 31, 2016
Consolidated Balance Sheets
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
 
(In millions)
Liabilities
 
 
 
 
 
 
Future policy benefits
 
$
166,701

 
$
(65
)
 
$
166,636

Policyholder account balances
 
$
173,168

 
$
(682
)
 
$
172,486

Other policy-related balances
 
$
13,030

 
$
372

 
$
13,402

Deferred income tax liability
 
$
6,774

 
$
118

 
$
6,892

Other liabilities
 
$
23,700

 
$
35

 
$
23,735

Total liabilities
 
$
831,284

 
$
(222
)
 
$
831,062

Stockholders’ Equity
 
 
 


 
 
Retained earnings
 
$
34,480

 
$
203

 
$
34,683

Accumulated other comprehensive income
 
$
5,347

 
$
19

 
$
5,366

Total MetLife, Inc.’s stockholders’ equity
 
$
67,309

 
$
222

 
$
67,531

Total equity
 
$
67,480

 
$
222

 
$
67,702

 
 
For the Years Ended December 31,
 
 
2016
 
2015
Consolidated Statements of Operations
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
 
(In millions, except per share data)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
Universal life and investment-type product policy fees
 
$
5,482

 
$
1

 
$
5,483

 
$
5,570

 
$

 
$
5,570

Net investment income
 
$
16,790

 
$

 
$
16,790

 
$
16,243

 
$
(38
)
 
$
16,205

Other net investment gains (losses)
 
$
412

 
$
12

 
$
424

 
$
705

 
$
(37
)
 
$
668

Total net investment gain (losses)
 
$
305

 
$
12

 
$
317

 
$
646

 
$
(37
)
 
$
609

Net derivatives gain (losses)
 
$
(874
)
 
184

 
$
(690
)
 
$
545

 
$
84

 
$
629

Total revenues
 
$
60,590

 
$
197

 
$
60,787

 
$
61,334

 
$
9

 
$
61,343

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims
 
$
36,316

 
$
42

 
$
36,358

 
$
35,102

 
$
42

 
$
35,144

Other expenses
 
$
13,735

 
$
14

 
$
13,749

 
$
14,753

 
$
24

 
$
14,777

Total expenses
 
$
56,450

 
$
56

 
$
56,506

 
$
55,626

 
$
66

 
$
55,692

Income (loss) from continuing operations before provision for income tax
 
$
4,140

 
$
141

 
$
4,281

 
$
5,708

 
$
(57
)
 
$
5,651

Provision for income tax expense (benefit)
 
$
666

 
$
27

 
$
693

 
$
1,700

 
$
(110
)
 
$
1,590

Income (loss) from continuing operations, net of income tax
 
$
3,474

 
$
114

 
$
3,588

 
$
4,008

 
$
53

 
$
4,061

Income (loss) from discontinued operations, net of income tax
 
$
(2,670
)
 
$
(64
)
 
$
(2,734
)
 
$
1,314

 
$
10

 
$
1,324

Net income (loss)
 
$
804

 
$
50

 
$
854

 
$
5,322

 
$
63

 
$
5,385

Net income (loss)attributable to MetLife, Inc.
 
$
800

 
$
50

 
$
850

 
$
5,310

 
$
63

 
$
5,373

Net income (loss) available to MetLife, Inc.’s common shareholders
 
$
697

 
$
50

 
$
747

 
$
5,152

 
$
63

 
$
5,215

Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders per common share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
3.06


$
0.10


$
3.16


$
3.43


$
0.05


$
3.48

Diluted
 
$
3.04


$
0.09


$
3.13


$
3.40


$
0.04


$
3.44

Net income (loss) available to MetLife, Inc.’s common shareholders per common share:
 

















Basic
 
$
0.63


$
0.05


$
0.68


$
4.61


$
0.06


$
4.67

Diluted
 
$
0.63


$
0.04


$
0.67


$
4.57


$
0.05


$
4.62

 
 
For the Years Ended December 31,
 
 
2016
 
2015
Consolidated Statements of Comprehensive Income (Loss)
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
 
(In millions)
Net income (loss)
 
$
804

 
$
50

 
$
854

 
$
5,322

 
$
63

 
$
5,385

Unrealized investment gains (losses), net of related offsets
 
$
760

 
$
36

 
$
796

 
$
(7,443
)
 
$
(6
)
 
$
(7,449
)
Other comprehensive income (loss), before income tax
 
$
1,101

 
$
36

 
$
1,137

 
$
(8,124
)
 
$
(6
)
 
$
(8,130
)
Income tax (expense) benefit related to items of other comprehensive income (loss)
 
$
(437
)
 
$
(13
)
 
$
(450
)
 
$
2,266

 
$
(63
)
 
$
2,203

Other comprehensive income (loss), net of income tax
 
$
664

 
$
23

 
$
687

 
$
(5,858
)
 
$
(69
)
 
$
(5,927
)
Comprehensive income (loss)
 
$
1,468

 
$
73

 
$
1,541

 
$
(536
)
 
$
(6
)
 
$
(542
)
Comprehensive income (loss) attributable to MetLife, Inc.
 
$
1,376

 
$
73

 
$
1,449

 
$
(568
)
 
$
(6
)
 
$
(574
)
Consolidated Statements of Equity
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
 
(In millions)
Retained Earnings
 
 
 
 
 
 
Balance at December 31, 2014
 
$
32,020

 
$
90

 
$
32,110

Net income (loss)
 
$
5,310

 
$
63

 
$
5,373

Balance at December 31, 2015
 
$
35,519

 
$
153

 
$
35,672

Net income (loss)
 
$
800

 
$
50

 
$
850

Balance at December 31, 2016
 
$
34,480

 
$
203

 
$
34,683

Accumulated Other Comprehensive Income (Loss)
 
 
 
 
 
 
Balance at December 31, 2014
 
$
10,649

 
$
65

 
$
10,714

Other comprehensive income (loss), net of income tax
 
$
(5,878
)
 
$
(69
)
 
$
(5,947
)
Balance at December 31, 2015
 
$
4,771

 
$
(4
)
 
$
4,767

Other comprehensive income (loss), net of income tax
 
$
576

 
$
23

 
$
599

Balance at December 31, 2016
 
$
5,347

 
$
19

 
$
5,366

Total MetLife, Inc.'s Stockholders' Equity
 
 
 
 
 
 
Balance at December 31, 2014
 
$
72,053

 
$
155

 
$
72,208

Balance at December 31, 2015
 
$
67,949

 
$
149

 
$
68,098

Balance at December 31, 2016
 
$
67,309

 
$
222

 
$
67,531

Total Equity
 
 
 
 
 
 
Balance at December 31, 2014
 
$
72,560

 
$
155

 
$
72,715

Balance at December 31, 2015
 
$
68,419

 
$
149

 
$
68,568

Balance at December 31, 2016
 
$
67,480

 
$
222

 
$
67,702

 
 
For the Years Ended December 31,
 
 
2016
 
2015
Consolidated Statements of Cash Flows
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
As
Previously
Reported
 
Revisions
 
As
Revised
 
 
(In millions)
Cash flows from operating activities
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss)
 
$
804

 
$
50

 
$
854

 
$
5,322

 
$
63

 
$
5,385

(Gains) losses on investments and from sales of businesses, net
 
$
(171
)
 
$
(12
)
 
$
(183
)
 
$
(597
)
 
$
37

 
$
(560
)
(Gains) losses on derivatives, net
 
$
8,963

 
$
(184
)
 
$
8,779

 
$
1,451

 
$
(80
)
 
$
1,371

Universal life and investment-type product policy fees
 
$
(9,206
)
 
$
(1
)
 
$
(9,207
)
 
$
(9,507
)
 
$

 
$
(9,507
)
Change in premiums, reinsurance and other receivables
 
$
(2,125
)
 
$
(33
)
 
$
(2,158
)
 
$
(837
)
 
$
6

 
$
(831
)
Change in deferred policy acquisition costs and value of business acquired, net
 
$
(949
)
 
$
12

 
$
(937
)
 
$
491

 
$
(3
)
 
$
488

Change in income tax
 
$
(1,557
)
 
$
35

 
$
(1,522
)
 
$
825

 
$
(110
)
 
$
715

Change in insurance-related liabilities and policy-related balances
 
$
6,279

 
$
42

 
$
6,321

 
$
6,366

 
$
42

 
$
6,408

Change in other liabilities
 
$
2,766

 
$
35

 
$
2,801

 
$
1,134

 
$
38

 
$
1,172

Other, net (1)
 
$
136

 
$
56

 
$
192

 
$
164

 
$
7

 
$
171

__________________
(1)
Excludes impact related to adoption during 2017 of stock-based compensation guidance which decreased Other, net by $53 million and $77 million for the years ended December 31, 2016 and 2015, respectively. See “— Adoption of New Accounting Pronouncements.”