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Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2012
Business, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
                         
    December 31, 2011  
    As Previously
Reported
    Adjustment     As Adjusted  
    (In millions)  

Assets

                       

Other invested assets, principally at estimated fair value

  $ 23,628     $ (47   $ 23,581  

Deferred policy acquisition costs and value of business acquired (1)

  $ 27,971     $ (3,352   $ 24,619  

Liabilities

                       

Future policy benefits

  $ 184,252     $ 23     $ 184,275  

Deferred income tax liability

  $ 7,535     $ (1,140   $ 6,395  

Equity

                       

Retained earnings

  $ 27,289     $ (2,475   $ 24,814  

Accumulated other comprehensive income (loss)

  $ 5,886     $ 197     $ 6,083  

Total MetLife, Inc.’s stockholders’ equity

  $ 59,797     $ (2,278   $ 57,519  

Noncontrolling interests

  $ 374     $ (4   $ 370  

Total equity

  $ 60,171     $ (2,282   $ 57,889  

 

 

 

(1)

Value of business acquired was not impacted by the adoption of this guidance.

                         
    Three Months
Ended
March 31, 2011
 
    As Previously
Reported
    Adjustment     As Adjusted  
    (In millions)  

Revenues

                       

Net investment income

  $ 5,315 (1)    $ (2   $ 5,313  

Expenses

                       

Policyholder benefits and claims

  $ 8,231     $ 6     $ 8,237  

Other expenses

  $ 3,902     $ 188     $ 4,090  

Income (loss) from continuing operations before provision for income tax

  $ 1,481 (1)    $ (196   $ 1,285  

Provision for income tax expense (benefit)

  $ 428     $ (67   $ 361  

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

  $ 1,053 (1)    $ (129   $ 924  

Net income (loss)

  $ 1,013     $ (129   $ 884  

Net income (loss) attributable to MetLife, Inc

  $ 1,006     $ (129   $ 877  

Net income (loss) available to MetLife, Inc.’s common shareholders

  $ 830     $ (129   $ 701  

Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders per common share:

                       

Basic

  $ 0.82     $ (0.12   $ 0.70  

Diluted

  $ 0.82     $ (0.12   $ 0.70  

Net income (loss) available to MetLife, Inc.’s common shareholders per common share:

                       

Basic

  $ 0.78     $ (0.12   $ 0.66  

Diluted

  $ 0.78     $ (0.12   $ 0.66  

 

 

 

(1)

Amounts in the table above differ from the amounts previously reported in the consolidated statement of operations and comprehensive income due to the inclusion of the impact of discontinued real estate operations of $2 million.

                         
    Three Months
Ended
March 31, 2011
 
    As Previously
Reported
    Adjustment     As Adjusted  
    (In millions)  

Net cash provided by operating activities

  $ 3,501     $ (2   $ 3,499  

Net change in other invested assets

  $ (68   $ 2     $ (66