Discontinued Operations

9 Months Ended

Sep. 30, 2011

Discontinued Operations [Abstract]

Discontinued Operations

15.   Discontinued Operations

Real Estate

The Company actively manages its real estate portfolio with the objective of maximizing earnings through selective acquisitions and dispositions. Income related to real estate classified as held-for-sale or sold is presented in discontinued operations. These assets are carried at the lower of depreciated cost or estimated fair value less expected disposition costs. Income (loss) from discontinued real estate operations, net of income tax, was $15 million and $65 million for the three months and nine months ended September 30, 2011, respectively, and ($5) million and $5 million for the three months and nine months ended September 30, 2010, respectively.

The carrying value of real estate related to discontinued operations was $7 million and $141 million at September 30, 2011 and December 31, 2010, respectively.

Operations

During the first quarter of 2011, the Company entered into a definitive agreement to sell its wholly-owned subsidiary, MetLife Taiwan, to a third party. See Note 2. The following tables present the amounts related to the operations and financial position of MetLife Taiwan, as well as the impairment loss on the Company’s investment in MetLife Taiwan, that have been reflected as discontinued operations in the interim condensed consolidated statements of operations and as assets and liabilities held-for-sale in the interim condensed consolidated balance sheets:

	Three Months					Nine Months
	Ended					Ended
	September 30,					September 30,
	2011			2010		2011			2010
				(In millions)
Total revenues	$	101		$	102	$	337		$	296
Total expenses		115			98		329			282
Income (loss) before provision for income tax		(14	)		4		8			14
Provision for income tax expense (benefit)		(3	)		2		5			5
Income (loss) from operations of discontinued operations, net of income tax		(11	)		2		3			9
Net investment gain (loss), net of income tax		—			—		(74	)		—
Income (loss) from discontinued operations, net of income tax	$	(11	)	$	2	$	(71	)	$	9

	September 30, 2011		December 31, 2010
	(In millions)
Total assets held-for-sale	$	3,421	$	3,331
Total liabilities held-for-sale	$	3,221	$	3,043
Major classes of assets and liabilities included above:
Total investments	$	3,089	$	2,726
Total future policy benefits	$	2,661	$	2,461