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Business, Basis of Presentation and Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2012
Business, Basis of Presentation and Summary of Significant Accounting Policies [Abstract]  
Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company’s previously reported consolidated statements of operations and comprehensive income:

 

                                                 
    Three Months
Ended
September 30, 2011
    Nine Months
Ended
September 30, 2011
 
    As Previously
Reported
    Adjustment     As Adjusted     As Previously
Reported
    Adjustment     As Adjusted  
    (In millions)  

Revenues

                                               

Net investment income

  $ 4,253 (1)    $ (1   $ 4,252     $ 14,663 (1)    $ (5   $ 14,658  

Expenses

                                               

Policyholder benefits and claims

  $ 9,017     $ 1     $ 9,018     $ 26,367     $ 9     $ 26,376  

Other expenses

  $ 5,013     $ 185     $ 5,198     $ 13,410     $ 577     $ 13,987  

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

  $ 5,302 (1)    $ (187   $ 5,115     $ 8,500 (1)    $ (591   $ 7,909  

Provision for income tax expense (benefit)

  $ 1,734     $ (61   $ 1,673     $ 2,680 (1)    $ (199   $ 2,481  

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

  $ 3,568 (1)    $ (126   $ 3,442     $ 5,820 (1)    $ (392   $ 5,428  

Net income (loss)

  $ 3,576     $ (126   $ 3,450     $ 5,819     $ (392   $ 5,427  

Net income (loss) attributable to MetLife, Inc.

  $ 3,582     $ (126   $ 3,456     $ 5,825     $ (392   $ 5,433  

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

  $ 3,552     $ (126   $ 3,426     $ 5,588     $ (392   $ 5,196  

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

                                               

Basic

  $ 3.35     $ (0.13   $ 3.22     $ 5.29     $ (0.38   $ 4.91  

Diluted

  $ 3.33     $ (0.13   $ 3.20     $ 5.24     $ (0.38   $ 4.86  

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

                                               

Basic

  $ 3.35     $ (0.12   $ 3.23     $ 5.28     $ (0.37   $ 4.91  

Diluted

  $ 3.33     $ (0.12   $ 3.21     $ 5.23     $ (0.37   $ 4.86  

 

(1)

Amounts in the table above differ from the amounts previously reported in the consolidated statements of operations and comprehensive income due to the inclusion of the impact of discontinued real estate operations of $4 million for the three months ended September 30, 2011 and $5 million (net investment income of $6 million, net of $1 million of income tax) for the nine months ended September 30, 2011.

The following table presents the effects of the retrospective application of the adoption of such new accounting guidance to the Company’s previously reported consolidated statement of cash flows:

 

                         
    Nine Months
Ended
September 30, 2011
 
    As Previously
Reported
    Adjustment     As Adjusted  
    (In millions)  

Net cash provided by operating activities

  $ 9,040     $ (6   $ 9,034  

Net change in other invested assets

  $ (175   $ 6     $ (169