Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Prior Period Adjustments [Table Text Block]

A summary of the revisions to prior year periods’ net income (loss) available to MetLife, Inc.’s common shareholders is shown in the table below:

	Three Months Ended June 30,			Six Months Ended June 30,
	2017
	(In millions)
Assumed variable annuity guarantee reserves	$	47		$	61
Group annuity reserves	(9		)	(18		)
Other revisions to continuing operations, net	3			66
Impact to income (loss) from continuing operations before provision for income tax	41			109
Provision for income tax expense (benefit)	14			38
Impact to income (loss) from continuing operations, net of income tax	27			71
Other revisions to discontinued operations, net of income tax	—			3
Impact to net income (loss) available to MetLife, Inc.’s common shareholders	$	27		$	74

The impact of the revisions is shown in the tables below:

	Three Months Ended June 30,											Six Months Ended June 30,
	2017
Interim Condensed Consolidated Statements of Operations  and Comprehensive Income (Loss)	As Previously Reported			Discontinued Operations			Revisions		As Revised			As Previously Reported			Discontinued Operations (1)			Revisions			As Revised
	(In millions, except per share data)
Revenues
Net investment gains (losses)	$	104		$	—		$	—	$	104		$	112		$	55		$	25		$	192
Net derivatives gains (losses)	$	(437	)	$	190		$	47	$	(200	)	$	(1,363	)	$	890		$	61		$	(412	)
Total revenues	$	17,245		$	(1,959	)	$	47	$	15,333		$	33,514		$	(3,303	)	$	86		$	30,297
Expenses
Policyholder benefits and claims	$	10,302		$	(881	)	$	6	$	9,427		$	20,161		$	(1,883	)	$	12		$	18,290
Other expenses	$	4,059		$	(776	)	$	—	$	3,283		$	7,623		$	(1,037	)	$	(35	)	$	6,551
Total expenses	$	16,243		$	(1,934	)	$	6	$	14,315		$	31,695		$	(3,465	)	$	(23	)	$	28,207
Income (loss) from continuing operations before provision for income tax	$	1,002		$	(25	)	$	41	$	1,018		$	1,819		$	162		$	109		$	2,090
Provision for income tax expense (benefit)	$	115		$	33		$	14	$	162		$	103		$	141		$	38		$	282
Income (loss) from continuing operations, net of income tax	$	887		$	(58	)	$	27	$	856		$	1,716		$	21		$	71		$	1,808
Income (loss) from discontinued operations, net of income tax	$	—		$	58		$	—	$	58		$	—		$	(21	)	$	3		$	(18	)
Net income (loss)	$	887		$	—		$	27	$	914		$	1,716		$	—		$	74		$	1,790
Net income (loss) attributable to MetLife, Inc.	$	884		$	—		$	27	$	911		$	1,710		$	—		$	74		$	1,784
Net income (loss) available to MetLife, Inc.’s common shareholders	$	838		$	—		$	27	$	865		$	1,658		$	—		$	74		$	1,732
Comprehensive income (loss)	$	2,926		$	—		$	27	$	2,953		$	4,805		$	—		$	55		$	4,860
Comprehensive income (loss) attributable to MetLife, Inc.	$	2,924		$	—		$	27	$	2,951		$	4,799		$	—		$	55		$	4,854
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders:
Basic	$	0.78		$	(0.05	)	$	0.03	$	0.76		$	1.53		$	0.02		$	0.07		$	1.62
Diluted	$	0.77		$	(0.05	)	$	0.03	$	0.75		$	1.52		$	0.02		$	0.07		$	1.61
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:
Basic	$	0.78		$	—		$	0.03	$	0.81		$	1.53		$	—		$	0.07		$	1.60
Diluted	$	0.77		$	—		$	0.03	$	0.80		$	1.52		$	—		$	0.07		$	1.59

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(1) See Note 3 for additional information on discontinued operations. Revisions include $5 million and $2 million of net investment gains (losses) and provision for income tax expense (benefit), respectively, related to discontinued operations.

Interim Condensed Consolidated Statements of Equity	As Previously Reported		Revisions			As Revised
	(In millions)
Retained Earnings
Balance at December 31, 2016	$	34,480	$	203		$	34,683
Net income (loss)	$	1,710	$	74		$	1,784
Balance at June 30, 2017	$	35,270	$	277		$	35,547
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016	$	5,347	$	19		$	5,366
Other comprehensive income (loss), net of income tax	$	3,089	$	(19	)	$	3,070
Balance at June 30, 2017	$	8,436	$	—		$	8,436
Total MetLife, Inc.’s Stockholders’ Equity
Balance at December 31, 2016	$	67,309	$	222		$	67,531
Balance at June 30, 2017	$	69,455	$	277		$	69,732
Total Equity
Balance at December 31, 2016	$	67,480	$	222		$	67,702
Balance at June 30, 2017	$	69,669	$	277		$	69,946