
12.	Earnings Per Common Share

The following table presents the weighted average shares used in calculating basic earnings per common share and those used in calculating diluted earnings per common share for each income category presented below:


	Three Months						Six Months
	Ended						Ended
	June 30,						June 30,
	2011			2010			2011			2010
	(In millions, except share and per share data)

Weighted Average Shares:
Weighted average common stock outstanding for basic earnings per common share		1,059,751,486			822,905,671			1,058,795,981			822,407,969
Incremental common shares from assumed:
Stock purchase contracts underlying common equity units (1)		4,015,640			—			3,282,889			—
Exercise or issuance of stock-based awards		7,208,779			7,567,202			7,832,099			6,766,823

Weighted average common stock outstanding for diluted earnings per common share		1,070,975,905			830,472,873			1,069,910,969			829,174,792

Income (Loss) from Continuing Operations:
Income (loss) from continuing operations, net of income tax	$	1,201		$	1,536		$	2,255		$	2,364
Less: Income (loss) from continuing operations, net of income tax, attributable to noncontrolling interests		(7	)		(10	)		—			(11	)
Less: Preferred stock dividends		31			31			61			61
Preferred stock redemption premium		—			—			146			—

Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders	$	1,177		$	1,515		$	2,048		$	2,314

Basic	$	1.11		$	1.84		$	1.93		$	2.81

Diluted	$	1.10		$	1.83		$	1.91		$	2.79

Income (Loss) from Discontinued Operations:
Income (loss) from discontinued operations, net of income tax	$	29		$	11		$	(12	)	$	17
Less: Income (loss) from discontinued operations, net of income tax, attributable to noncontrolling interests		—			—			—			—

Income (loss) from discontinued operations, net of income tax, available to MetLife, Inc.’s common shareholders	$	29		$	11		$	(12	)	$	17

Basic	$	0.03		$	0.01		$	(0.01	)	$	0.02

Diluted	$	0.03		$	0.01		$	(0.01	)	$	0.02

Net Income (Loss):
Net income (loss)	$	1,230		$	1,547		$	2,243		$	2,381
Less: Net income (loss) attributable to noncontrolling interests		(7	)		(10	)		—			(11	)
Less: Preferred stock dividends		31			31			61			61
Preferred stock redemption premium		—			—			146			—

Net income (loss) available to MetLife, Inc.’s common shareholders	$	1,206		$	1,526		$	2,036		$	2,331

Basic	$	1.14		$	1.85		$	1.92		$	2.83

Diluted	$	1.13		$	1.84		$	1.90		$	2.81


(1)		See Note 14 of the Notes to the Consolidated Financial Statements included in the 2010 Annual Report for a description of the Company’s common equity units.