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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues            
Premiums $ 11,230 $ 17,332     $ 32,497 $ 39,505
Universal life and investment-type product policy fees 1,334 1,275     3,911 3,959
Net investment income 4,825 3,585     14,542 11,452
Other revenues 606 728     1,866 2,003
Net investment gains (losses) (927) (411)     (2,650) (1,610)
Net derivative gains (losses) (1,202) (226)     (2,289) (2,147)
Total revenues 15,866 22,283     47,877 53,162
Expenses            
Policyholder benefits and claims 11,130 17,603     32,811 40,392
Policyholder liability remeasurement (gains) losses (17) 136     (42) 94
Market risk benefit remeasurement (gains) losses (796) (965)     (1,425) (3,162)
Interest credited to policyholder account balances 1,658 1,014     5,455 2,167
Policyholder dividends 153 158     463 551
Other expenses 3,204 2,922     9,394 8,782
Total expenses 15,332 20,868     46,656 48,824
Income (loss) before provision for income tax 534 1,415     1,221 4,338
Provision for income tax expense (benefit) 39 248     233 617
Net income (loss) 495 1,167 $ 493 $ 2,554 988 3,721
Less: Net income (loss) attributable to noncontrolling interests 6 5     17 15
Net income (loss) attributable to MetLife, Inc. 489 1,162     971 3,706
Less: Preferred stock dividends 67 64 $ 98 $ 92 165 156
Net income (loss) available to MetLife, Inc.’s common shareholders 422 1,098     806 3,550
Comprehensive income (loss) (3,373) (3,253)     (661) (16,357)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of income tax 6 5     1 12
Comprehensive income (loss) attributable to MetLife, Inc. $ (3,379) $ (3,258)     $ (662) $ (16,369)
Net income (loss) available to MetLife, Inc.’s common shareholders per common share:            
Basic $ 0.56 $ 1.38     $ 1.05 $ 4.38
Diluted $ 0.56 $ 1.37     $ 1.05 $ 4.35