Discontinued Operations

9 Months Ended

Sep. 30, 2012

Discontinued Operations [Abstract]

Discontinued Operations

18. 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 $0 and $17 million for the three months and nine months ended September 30, 2012, respectively, and $19 million and $70 million for the three months and nine months ended September 30, 2011, respectively.

The carrying value of real estate related to discontinued operations was $12 million and $123 million at September 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 September 30, 2011			Nine Months Ended September 30, 2011
	(In millions)
Total revenues	$	101		$	337
Total expenses		115			329
Income (loss) before provision for income tax		(14	)		8
Provision for income tax expense (benefit)		(3	)		5
Income (loss) from operations of discontinued operations, net of income tax		(11	)		3
Net investment gain (loss), net of income tax		—			(74	)
Income (loss) from discontinued operations, net of income tax	$	(11	)	$	(71	)