Equity (Tables)

6 Months Ended

Jun. 30, 2018

Equity [Abstract]

Schedule of Stock by Class

Preferred stock authorized, issued and outstanding was as follows:

	June 30, 2018			December 31, 2017
Series	Shares Authorized	Shares Issued	Shares Outstanding	Shares Authorized	Shares Issued	Shares Outstanding
Floating Rate Non-Cumulative Preferred Stock, Series A	27,600,000	24,000,000	24,000,000	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	1,500,000	1,500,000	1,500,000
5.875% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series D	500,000	500,000	500,000	—	—	—
5.625% Non-Cumulative Preferred Stock, Series E	32,200	32,200	32,200	—	—	—
Series A Junior Participating Preferred Stock	10,000,000	—	—	10,000,000	—	—
Not designated	160,367,800	—	—	160,900,000	—	—
Total	200,000,000	26,032,200	26,032,200	200,000,000	25,500,000	25,500,000

Dividend Payment Restrictions

The table below sets forth the dividends permitted to be paid in 2018 by MetLife, Inc.’s primary insurance subsidiaries without insurance regulatory approval and the respective dividends paid during the six months endedJune 30, 2018:

Company	Paid (1)				Permitted Without Approval (2)
	(In millions)
Metropolitan Life Insurance Company	$	1,705	(3	)	$	3,075
American Life Insurance Company	$	1,500	(4	)	$	—
Metropolitan Property and Casualty Insurance Company	$	—			$	125
Metropolitan Tower Life Insurance Company (5)	$	—			$	73
General American Life Insurance Company (5)	$	—			N/A

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(1) Reflects all amounts paid, including those requiring regulatory approval.

(2) Reflects dividend amounts that may be paid during 2018 without prior regulatory approval. However, because dividend tests may be based on dividends previously paid over rolling 12-month periods, if paid before a specified date during 2018, some or all of such dividends may require regulatory approval.

(3) Represents an ordinary dividend of $1.0 billion and an extraordinary dividend of $705 million that was paid with regulatory approval. The extraordinary dividend was paid in cash with proceeds from the sale to an affiliate of certain property, equipment, leasehold improvements and computer software that were non-admitted by Metropolitan Life Insurance Company for statutory accounting purposes. The affiliate received a capital contribution in cash from MetLife, Inc. to fund the purchase.

(4) Represents an extraordinary dividend.

(5) In April 2018, Metropolitan Tower Life Insurance Company (“MTL”) merged with General American Life Insurance Company (“GALIC”). The surviving entity of the merger was MTL, which re-domesticated from Delaware to Nebraska immediately prior to the merger. Effective as of the date of re-domestication, MTL is subject to the dividend restrictions under Nebraska law.

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, 2018
	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	$	10,864		$	683		$	(3,707	)	$	(2,206	)	$	5,634
OCI before reclassifications	(3,096		)	141			(969		)	3			(3,921		)
Deferred income tax benefit (expense)	706			41			6			(1		)	752
AOCI before reclassifications, net of income tax	8,474			865			(4,670		)	(2,204		)	2,465
Amounts reclassified from AOCI	83			470			—			31			584
Deferred income tax benefit (expense)	(19		)	(170		)	—			(6		)	(195		)
Amounts reclassified from AOCI, net of income tax	64			300			—			25			389
Balance, end of period	$	8,538		$	1,165		$	(4,670	)	$	(2,179	)	$	2,854
	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

	Six Months Ended June 30, 2018
	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	$	12,757		$	905		$	(4,390	)	$	(1,845	)	$	7,427
OCI before reclassifications	(6,907		)	(211		)	(417		)	(1		)	(7,536		)
Deferred income tax benefit (expense)	1,541			99			9			—			1,649
AOCI before reclassifications, net of income tax	7,391			793			(4,798		)	(1,846		)	1,540
Amounts reclassified from AOCI	128			305			—			62			495
Deferred income tax benefit (expense)	(29		)	(143		)	—			(13		)	(185		)
Amounts reclassified from AOCI, net of income tax	99			162			—			49			310
Cumulative effects of changes in accounting principles	(425		)	—			—			—			(425		)
Deferred income tax benefit (expense), cumulative effects of changes in accounting principles	1,473			210			36			(382		)	1,337
Cumulative effects of changes in accounting principles, net of income tax (2)	1,048			210			36			(382		)	912
Sale of subsidiary (3)	—			—			92			—			92
Balance, end of period	$	8,538		$	1,165		$	(4,670	)	$	(2,179	)	$	2,854
	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	$	10,785		$	1,865		$	(5,312	)	$	(1,972	)	$	5,366
OCI before reclassifications	3,993			203			517			(19		)	4,694
Deferred income tax benefit (expense)	(1,405		)	(70		)	116			5			(1,354		)
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

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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.

(2) See Note 1 for further information on adoption of new accounting pronouncements.

(3) See Note 3 for further information on the 2018 disposition.

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,
	2018			2017			2018			2017
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	(36	)	$	44		$	(137	)	$	84		Net investment gains (losses)
Net unrealized investment gains (losses)	(3		)	(5		)	—			1			Net investment income
Net unrealized investment gains (losses)	(44		)	6			9			(145		)	Net derivative gains (losses)
Net unrealized investment gains (losses)	—			2			—			(89		)	Discontinued operations
Net unrealized investment gains (losses), before income tax	(83		)	47			(128		)	(149		)
Income tax (expense) benefit	19			(22		)	29			53
Net unrealized investment gains (losses), net of income tax	(64		)	25			(99		)	(96		)
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	1			6			17			14			Net derivative gains (losses)
Interest rate swaps	6			3			9			7			Net investment income
Interest rate swaps	—			1			—			2			Discontinued operations
Interest rate forwards	(2		)	—			3			(4		)	Net derivative gains (losses)
Interest rate forwards	—			2			1			2			Net investment income
Interest rate forwards	1			1			1			1			Other expenses
Interest rate forwards	—			2			—			3			Discontinued operations
Foreign currency swaps	(475		)	413			(336		)	621			Net derivative gains (losses)
Foreign currency swaps	(1		)	(1		)	(1		)	(1		)	Net investment income
Foreign currency swaps	—			—			1			1			Other expenses
Foreign currency swaps	—			1			—			11			Discontinued operations
Credit forwards	—			1			—			1			Net derivative gains (losses)
Gains (losses) on cash flow hedges, before income tax	(470		)	429			(305		)	658
Income tax (expense) benefit	170			(149		)	143			(229		)
Gains (losses) on cash flow hedges, net of income tax	(300		)	280			(162		)	429
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	(35		)	(48		)	(71		)	(97		)
Amortization of prior service (costs) credit	4			7			9			12
Amortization of defined benefit plan items, before income tax	(31		)	(41		)	(62		)	(85		)
Income tax (expense) benefit	6			17			13			22
Amortization of defined benefit plan items, net of income tax	(25		)	(24		)	(49		)	(63		)
Total reclassifications, net of income tax	$	(389	)	$	281		$	(310	)	$	270

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