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

9 Months Ended

Sep. 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 September 30,			Nine Months Ended September 30,
	2017
	(In millions)
Assumed variable annuity guarantee reserves	$	67		$	128
Group annuity reserves	(12		)	(30		)
Other revisions to continuing operations, net	(71		)	(5		)
Impact to income (loss) from continuing operations before provision for income tax	(16		)	93
Provision for income tax expense (benefit)	(6		)	32
Impact to income (loss) from continuing operations, net of income tax	(10		)	61
Other revisions to discontinued operations, net of income tax	—			3
Impact to net income (loss) available to MetLife, Inc.’s common shareholders	$	(10	)	$	64

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

	Three Months Ended September 30,									Nine Months Ended September 30,
	2017
Interim Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)	As Previously Reported			Revisions			As Revised			As Previously Reported			Revisions			As Revised
	(In millions, except per share data)
Revenues
Net investment gains (losses)	$	(606	)	$	—		$	(606	)	$	(439	)	$	25		$	(414	)
Net derivative gains (losses)	$	(190	)	$	67		$	(123	)	$	(663	)	$	128		$	(535	)
Total revenues	$	16,104		$	67		$	16,171		$	46,315		$	153		$	46,468
Expenses
Policyholder benefits and claims	$	10,645		$	83		$	10,728		$	28,923		$	95		$	29,018
Other expenses	$	3,318		$	—		$	3,318		$	9,904		$	(35	)	$	9,869
Total expenses	$	15,603		$	83		$	15,686		$	43,833		$	60		$	43,893
Income (loss) from continuing operations before provision for income tax	$	501		$	(16	)	$	485		$	2,482		$	93		$	2,575
Provision for income tax expense (benefit)	$	(392	)	$	(6	)	$	(398	)	$	(148	)	$	32		$	(116	)
Income (loss) from continuing operations, net of income tax	$	893		$	(10	)	$	883		$	2,630		$	61		$	2,691
Income (loss) from discontinued operations, net of income tax	$	(968	)	$	—		$	(968	)	$	(989	)	$	3		$	(986	)
Net income (loss)	$	(75	)	$	(10	)	$	(85	)	$	1,641		$	64		$	1,705
Net income (loss) attributable to MetLife, Inc.	$	(81	)	$	(10	)	$	(91	)	$	1,629		$	64		$	1,693
Net income (loss) available to MetLife, Inc.’s common shareholders	$	(87	)	$	(10	)	$	(97	)	$	1,571		$	64		$	1,635
Comprehensive income (loss)	$	(182	)	$	(10	)	$	(192	)	$	4,623		$	45		$	4,668
Comprehensive income (loss) attributable to MetLife, Inc.	$	(192	)	$	(10	)	$	(202	)	$	4,607		$	45		$	4,652
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders:
Basic	$	0.83		$	(0.01	)	$	0.82		$	2.38		$	0.06		$	2.44
Diluted	$	0.82		$	(0.01	)	$	0.81		$	2.36		$	0.06		$	2.42
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:
Basic	$	(0.08	)	$	(0.01	)	$	(0.09	)	$	1.46		$	0.06		$	1.52
Diluted	$	(0.08	)	$	(0.01	)	$	(0.09	)	$	1.45		$	0.06		$	1.51

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)	$	1,629	$	64		$	1,693
Balance at September 30, 2017	$	24,410	$	267		$	24,677
Accumulated Other Comprehensive Income (Loss)
Balance at December 31, 2016	$	5,347	$	19		$	5,366
Other comprehensive income (loss), net of income tax	$	2,978	$	(19	)	$	2,959
Balance at September 30, 2017	$	7,005	$	—		$	7,005
Total MetLife, Inc.’s Stockholders’ Equity
Balance at December 31, 2016	$	67,309	$	222		$	67,531
Balance at September 30, 2017	$	56,714	$	267		$	56,981
Total Equity
Balance at December 31, 2016	$	67,480	$	222		$	67,702
Balance at September 30, 2017	$	56,944	$	267		$	57,211