Discontinued Operations

6 Months Ended

Jun. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

17. 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 from discontinued real estate operations, net of income tax, was $3 million and $17 million for the three months and six months ended June 30, 2012, respectively, and $30 million and $51 million for the three months and six months ended June 30, 2011, respectively.

The carrying value of real estate related to discontinued operations was $12 million and $123 million at June 30, 2012 and December 31, 2011, respectively.

Operations

During the first quarter of 2011, the Company entered into a definitive agreement to sell its wholly-owned subsidiary, MetLife Taiwan Insurance Company Limited (“MetLife Taiwan”), to a third party, and the sale occurred in November 2011. See Note 2 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report. The following table presents the amounts related to the operations of MetLife Taiwan that have been reflected as discontinued operations in the interim condensed consolidated statements of operations and comprehensive income:

	Three Months Ended June 30, 2011			Six Months Ended June 30, 2011
	(In millions)
Total revenues	$	129		$	236
Total expenses		116			214
Income (loss) before provision for income tax		13			22
Provision for income tax expense (benefit)		5			8
Income (loss) from operations of discontinued operations, net of income tax		8			14
Net investment gain (loss), net of income tax		(7	)		(74	)
Income (loss) from discontinued operations, net of income tax	$	1		$	(60	)