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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues            
Premiums $ 11,678   $ 11,556   $ 21,267 $ 22,173
Universal life and investment-type product policy fees 1,288   1,372   2,577 2,684
Net investment income 5,072   3,583   9,717 7,867
Other revenues 621   615   1,260 1,275
Net investment gains (losses) (1,039)   (682)   (1,723) (1,199)
Net derivative gains (losses) (997)   (970)   (1,087) (1,921)
Total revenues 16,623   15,474   32,011 30,879
Expenses            
Policyholder benefits and claims 11,809   11,615   21,681 22,789
Policyholder liability remeasurement (gains) losses (16)   (1)   (25) (42)
Market risk benefit remeasurement (gains) losses (817)   (757)   (629) (2,197)
Interest credited to policyholder account balances 1,933   527   3,797 1,153
Policyholder dividends 151   194   310 393
Other expenses 3,133   2,908   6,190 5,860
Total expenses 16,193   14,486   31,324 27,956
Income (loss) before provision for income tax 430   988   687 2,923
Provision for income tax expense (benefit) 22   73   194 369
Net income (loss) 408 $ 85 915 $ 1,639 493 2,554
Less: Net income (loss) attributable to noncontrolling interests 6   5   11 10
Net income (loss) attributable to MetLife, Inc. 402   910   482 2,544
Less: Preferred stock dividends 32 $ 66 29 $ 63 98 92
Net income (loss) available to MetLife, Inc.’s common shareholders 370   881   384 2,452
Comprehensive income (loss) (829)   (7,148)   2,712 (13,104)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of income tax 8   4   (5) 7
Comprehensive income (loss) attributable to MetLife, Inc. $ (837)   $ (7,152)   $ 2,717 $ (13,111)
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:            
Basic $ 0.48   $ 1.09   $ 0.50 $ 3.00
Diluted $ 0.48   $ 1.08   $ 0.50 $ 2.98