XML 1089 R57.htm IDEA: XBRL DOCUMENT v2.4.0.6
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2011
Discontinued Operations [Abstract]  
Discontinued Operations in Consolidated Statements of Operations and Consolidated Balance Sheets
                         
    Years ended December 31,  
        2011             2010             2009      
    (In millions)  

Total revenues

  $ 379     $ 440     $ 386  

Total expenses

    363       406       373  
   

 

 

   

 

 

   

 

 

 

Income (loss) before provision for income tax

    16       34       13  

Provision for income tax expense (benefit)

    (4     12       4  
   

 

 

   

 

 

   

 

 

 

Income (loss) from operations of discontinued operations, net of income tax

    20       22       9  

Gain (loss) on disposal, net of income tax

    (64            
   

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued operations, net of income tax

  $ (44   $ 22     $ 9  
   

 

 

   

 

 

   

 

 

 

 

         
    December 31, 2010  
    (In millions)  

Total assets held-for-sale

  $ 3,331  

Total liabilities held-for-sale

  $ 3,043  

Major classes of assets and liabilities included above:

       

Total investments

  $ 2,726  

Total future policy benefits

  $ 2,461  

 

Texas Life Insurance Company

During the fourth quarter of 2008, MetLife, Inc. entered into an agreement to sell its wholly-owned subsidiary, Cova, the parent company of Texas Life, to a third-party and the sale occurred in March 2009. See Note 2. The following table presents the amounts related to the operations of Cova that have been reflected as discontinued operations in the consolidated statements of operations:

 

         
    Year Ended
December 31, 2009
 
    (In millions)  

Total revenues

  $ 25  

Total expenses

    19  
   

 

 

 

Income before provision for income tax

    6  

Provision for income tax expense

    2  
   

 

 

 

Income from operations of discontinued operations, net of income tax

    4  

Gain on disposal, net of income tax

    28  
   

 

 

 

Income (loss) from discontinued operations, net of income tax

  $ 32