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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
                                 
    Three Months
Ended
June 30,
    Six Months
Ended
June 30,
 
    2012     2011     2012     2011  
    (In millions, except share and per share data)  

Weighted Average Shares:

                               

Weighted average common stock outstanding for basic earnings per common share

    1,064,688,383       1,059,751,486       1,063,560,105       1,058,795,981  

Incremental common shares from assumed:

                               

Stock purchase contracts underlying common equity units (1)

          4,015,640             3,282,889  

Exercise or issuance of stock-based awards

    5,291,235       7,208,779       5,971,776       7,832,099  
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common stock outstanding for diluted earnings per common share

    1,069,979,618       1,070,975,905       1,069,531,881       1,069,910,969  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) from Continuing Operations:

                               

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

  $ 2,300     $ 1,062     $ 2,166     $ 1,986  

Less: Income (loss) from continuing operations, net of income tax, attributable to noncontrolling interests

    8       (7     32        

Less: Preferred stock dividends

    31       31       61       61  

         Preferred stock redemption premium

                      146  
   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 2,261     $ 1,038     $ 2,073     $ 1,779  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic

  $ 2.13     $ 0.98     $ 1.95     $ 1.68  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 2.12     $ 0.97     $ 1.93     $ 1.66  
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) from Discontinued Operations:

                               

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

  $ 3     $ 31     $ 17     $ (9

Less: Income (loss) from discontinued operations, net of income tax, attributable to noncontrolling interests

                       
   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 3     $ 31     $ 17     $ (9
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic

  $     $ 0.03     $ 0.02     $ (0.01
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $     $ 0.03     $ 0.02     $ (0.01
   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss):

                               

Net income (loss)

  $ 2,303     $ 1,093     $ 2,183     $ 1,977  

Less: Net income (loss) attributable to noncontrolling interests

    8       (7     32        

Less: Preferred stock dividends

    31       31       61       61  

         Preferred stock redemption premium

                      146  
   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 2,264     $ 1,069     $ 2,090     $ 1,770  
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic

  $ 2.13     $ 1.01     $ 1.97     $ 1.67  
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 2.12     $ 1.00     $ 1.95     $ 1.65  
   

 

 

   

 

 

   

 

 

   

 

 

 

 

 

(1)

See Note 14 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report for a description of the Company’s common equity units. For the three months and six months ended June 30, 2012, all shares related to the assumed issuance of shares in settlement of the applicable purchase contracts have been excluded from the calculation of diluted earnings per common share as these assumed shares are anti-dilutive.