Investments (Tables)

9 Months Ended

Sep. 30, 2012

Investments [Abstract]

Fixed Maturity and Equity Securities Available-for-Sale

	September 30, 2012
	Cost or Amortized Cost		Gross Unrealized							Estimated Fair Value		% of Total
			Gains		Temporary Losses		OTTI Losses
	(In millions)
Fixed Maturity Securities:
U.S. corporate securities	$	102,483	$	11,975	$	516	$	—		$	113,942		30.1	%
Foreign corporate securities (1)		60,235		5,400		379		(1	)		65,257		17.3
Foreign government securities		52,205		5,323		123		—			57,405		15.2
U.S. Treasury and agency securities		44,964		6,489		5		—			51,448		13.6
Residential mortgage-backed securities (“RMBS”)		38,788		2,685		454		428			40,591		10.7
Commercial mortgage-backed securities (“CMBS”)		18,495		1,029		84		—			19,440		5.1
Asset-backed securities (“ABS”)		14,809		370		160		14			15,005		4.0
State and political subdivision securities		12,812		2,184		79		—			14,917		4.0
Total fixed maturity securities	$	344,791	$	35,455	$	1,800	$	441		$	378,005		100.0	%
Equity Securities:
Common stock	$	1,999	$	112	$	42	$	—		$	2,069		73.8	%
Non-redeemable preferred stock		839		52		157		—			734		26.2
Total equity securities	$	2,838	$	164	$	199	$	—		$	2,803		100.0	%

	December 31, 2011
	Cost or Amortized Cost		Gross Unrealized						Estimated Fair Value
			Gains		Temporary Losses		OTTI Losses				% of Total
	(In millions)
Fixed Maturity Securities:
U.S. corporate securities	$	98,621	$	8,544	$	1,380	$	—	$	105,785		30.2	%
Foreign corporate securities		61,568		3,789		1,338		1		64,018		18.3
Foreign government securities		49,840		3,053		357		—		52,536		15.0
U.S. Treasury and agency securities		34,132		5,882		2		—		40,012		11.4
RMBS		42,092		2,281		1,033		703		42,637		12.2
CMBS		18,565		730		218		8		19,069		5.4
ABS		13,018		278		305		12		12,979		3.7
State and political subdivision securities		11,975		1,416		156		—		13,235		3.8
Total fixed maturity securities	$	329,811	$	25,973	$	4,789	$	724	$	350,271		100.0	%
Equity Securities:
Common stock	$	2,219	$	83	$	97	$	—	$	2,205		72.9	%
Non-redeemable preferred stock		989		31		202		—		818		27.1
Total equity securities	$	3,208	$	114	$	299	$	—	$	3,023		100.0	%

(1) OTTI losses as presented above represent the noncredit portion of OTTI losses that is included in accumulated other comprehensive income (loss). OTTI losses include both the initial recognition of noncredit losses, and the effects of subsequent increases and decreases in estimated fair value for those fixed maturity securities that were previously noncredit loss impaired. The noncredit loss component of OTTI losses for foreign corporate securities was in an unrealized gain (loss) position of $1 million at September 30, 2012 due to increases in estimated fair value subsequent to initial recognition of noncredit losses on such securities. See also “— Net Unrealized Investment Gains (Losses).”

Available-for-sale fixed maturity securities by contractual maturity date

	September 30, 2012				December 31, 2011
	Amortized Cost		Estimated Fair Value		Amortized Cost		Estimated Fair Value
	(In millions)
Due in one year or less	$	23,569	$	23,771	$	16,747	$	16,862
Due after one year through five years		69,820		73,205		62,819		64,414
Due after five years through ten years		82,628		92,009		82,694		88,036
Due after ten years		96,682		113,984		93,876		106,274
Subtotal		272,699		302,969		256,136		275,586
RMBS, CMBS and ABS		72,092		75,036		73,675		74,685
Total fixed maturity securities	$	344,791	$	378,005	$	329,811	$	350,271

Components of net unrealized investment gains (losses) included in accumulated other comprehensive income (loss)

	September 30, 2012			December 31, 2011
	(In millions)
Fixed maturity securities	$	33,589		$	21,096
Fixed maturity securities with noncredit OTTI losses in accumulated other comprehensive income (loss)		(441	)		(724	)
Total fixed maturity securities		33,148			20,372
Equity securities		15			(167	)
Derivatives		1,508			1,514
Other		(11	)		72
Subtotal		34,660			21,791
Amounts allocated from:
Insurance liability loss recognition		(6,902	)		(3,996	)
DAC and value of business acquired (“VOBA”) related to noncredit OTTI losses recognized in accumulated other comprehensive income (loss)		25			47
DAC and VOBA		(2,616	)		(1,800	)
Policyholder dividend obligation		(3,909	)		(2,919	)
Subtotal		(13,402	)		(8,668	)
Deferred income tax benefit (expense) related to noncredit OTTI losses recognized in accumulated other comprehensive income (loss)		145			236
Deferred income tax benefit (expense)		(7,652	)		(4,694	)
Net unrealized investment gains (losses)		13,751			8,665
Net unrealized investment gains (losses) attributable to noncontrolling interests		1			9
Net unrealized investment gains (losses) attributable to MetLife, Inc.	$	13,752		$	8,674

	Nine Months Ended September 30, 2012
	(In millions)
Balance, beginning of period	$	8,674
Fixed maturity securities on which noncredit OTTI losses have been recognized		283
Unrealized investment gains (losses) during the period		12,586
Unrealized investment gains (losses) relating to:
Insurance liability gain (loss) recognition		(2,906	)
DAC and VOBA related to noncredit OTTI losses recognized in accumulated other comprehensive income (loss)		(22	)
DAC and VOBA		(816	)
Policyholder dividend obligation		(990	)
Deferred income tax benefit (expense) related to noncredit OTTI losses recognized in accumulated other comprehensive income (loss)		(91	)
Deferred income tax benefit (expense)		(2,958	)
Net unrealized investment gains (losses)		13,760
Net unrealized investment gains (losses) attributable to noncontrolling interests		(8	)
Balance, end of period	$	13,752
Change in net unrealized investment gains (losses)	$	5,086
Change in net unrealized investment gains (losses) attributable to noncontrolling interests		(8	)
Change in net unrealized investment gains (losses) attributable to MetLife, Inc.	$	5,078

Continuous Gross Unrealized Loss and OTTI Loss for Fixed Maturity and Equity Securities Available-for-Sale

	September 30, 2012
	Less than 12 Months				Equal to or Greater than 12 Months				Total
	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
	(In millions, except number of securities)
Fixed Maturity Securities:
U.S. corporate securities	$	3,380	$	91	$	4,377	$	425	$	7,757	$	516
Foreign corporate securities		3,006		88		4,062		290		7,068		378
Foreign government securities		1,935		53		864		70		2,799		123
U.S. Treasury and agency securities		1,475		5		—		—		1,475		5
RMBS		531		37		4,822		845		5,353		882
CMBS		524		10		829		74		1,353		84
ABS		1,363		11		1,783		163		3,146		174
State and political subdivision securities		154		1		352		78		506		79
Total fixed maturity securities	$	12,368	$	296	$	17,089	$	1,945	$	29,457	$	2,241
Equity Securities:
Common stock	$	271	$	35	$	109	$	7	$	380	$	42
Non-redeemable preferred stock		10		—		328		157		338		157
Total equity securities	$	281	$	35	$	437	$	164	$	718	$	199
Total number of securities in an unrealized loss position		1,342				1,587

	December 31, 2011
	Less than 12 Months				Equal to or Greater than 12 Months				Total
	Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses		Estimated Fair Value		Gross Unrealized Losses
	(In millions, except number of securities)
Fixed Maturity Securities:
U.S. corporate securities	$	15,642	$	590	$	5,135	$	790	$	20,777	$	1,380
Foreign corporate securities		12,618		639		5,957		700		18,575		1,339
Foreign government securities		11,227		230		1,799		127		13,026		357
U.S. Treasury and agency securities		2,611		1		50		1		2,661		2
RMBS		4,040		547		4,724		1,189		8,764		1,736
CMBS		2,825		135		678		91		3,503		226
ABS		4,972		103		1,316		214		6,288		317
State and political subdivision securities		177		2		1,007		154		1,184		156
Total fixed maturity securities	$	54,112	$	2,247	$	20,666	$	3,266	$	74,778	$	5,513
Equity Securities:
Common stock	$	581	$	96	$	5	$	1	$	586	$	97
Non-redeemable preferred stock		204		30		370		172		574		202
Total equity securities	$	785	$	126	$	375	$	173	$	1,160	$	299
Total number of securities in an unrealized loss position		3,978				1,963

	September 30, 2012
	Cost or Amortized Cost				Gross Unrealized Losses						Number of Securities
	Less than 20%		20% or more		Less than 20%			20% or more			Less than 20%		20% or more
	(In millions, except number of securities)
Fixed Maturity Securities:
Less than six months	$	9,978	$	430	$	140		$	111			914		66
Six months or greater but less than nine months		1,265		147		37			49			116		40
Nine months or greater but less than twelve months		1,209		233		50			69			175		40
Twelve months or greater		15,871		2,565		930			855			1,303		166
Total	$	28,323	$	3,375	$	1,157		$	1,084
Percentage of amortized cost						4	%		32	%
Equity Securities:
Less than six months	$	195	$	102	$	11		$	28			77		32
Six months or greater but less than nine months		37		—		4			—			16		—
Nine months or greater but less than twelve months		26		42		2			14			9		2
Twelve months or greater		225		290		16			124			37		15
Total	$	483	$	434	$	33		$	166
Percentage of cost						7	%		38	%

	December 31, 2011
	Cost or Amortized Cost				Gross Unrealized Losses						Number of Securities
	Less than   20%		20% or more		Less than   20%			20% or more			Less than 20%		20% or more
	(In millions, except number of securities)
Fixed Maturity Securities:
Less than six months	$	49,249	$	4,736	$	1,346		$	1,332			3,260		320
Six months or greater but less than nine months		4,104		1,049		279			349			375		63
Nine months or greater but less than twelve months		1,160		288		55			93			143		14
Twelve months or greater		17,590		2,115		1,216			843			1,523		167
Total	$	72,103	$	8,188	$	2,896		$	2,617
Percentage of amortized cost						4	%		32	%
Equity Securities:
Less than six months	$	714	$	376	$	64		$	123			154		42
Six months or greater but less than nine months		22		8		2			4			19		3
Nine months or greater but less than twelve months		18		—		2			—			8		—
Twelve months or greater		98		223		8			96			24		20
Total	$	852	$	607	$	76		$	223
Percentage of cost						9	%		37	%

Concentration of Gross Unrealized Loss and OTTI Loss for Fixed Maturity and Equity Securities Available-for-Sale

	September 30, 2012			December 31, 2011
Sector:
RMBS		36	%		30	%
U.S. corporate securities		21			24
Foreign corporate securities		16			23
ABS		7			5
Foreign government securities		5			6
CMBS		4			4
State and political subdivision securities		3			3
Other		8			5
Total		100	%		100	%
Industry:
Mortgage-backed		40	%		34	%
Finance		23			27
Asset-backed		7			5
Utility		7			8
Foreign government securities		5			6
Consumer		5			6
State and political subdivision securities		3			3
Communications		3			3
Industrial		2			2
Other		5			6
Total		100	%		100	%

Gross unrealized loss greater than $10 million for fixed maturity and equity securities

	September 30, 2012						December 31, 2011
	Fixed Maturity Securities			Equity Securities			Fixed Maturity Securities			Equity Securities
	(In millions, except number of securities)
Number of securities		37			5			96			8
Total gross unrealized losses	$	676		$	87		$	1,703		$	117
Percentage of total gross unrealized losses		30	%		44	%		31	%		39	%

Equity securities available-for-sale with a gross unrealized loss of 20% or more

			Non-Redeemable Preferred Stock
	All Equity Securities		All Types of Non-Redeemable Preferred Stock					Investment Grade
								All Industries					Financial Services Industry
	Gross Unrealized Losses		Gross Unrealized Losses		% of All Equity Securities			Gross Unrealized Losses		% of All Non-Redeemable Preferred Stock			Gross Unrealized Losses		% of All Industries			% A Rated or Better
	(In millions)							(In millions)					(In millions)
Less than six months	$	28	$	7		25	%	$	6		86	%	$	6		100	%		100	%
Six months or greater but less than twelve months		14		14		100	%		2		14	%		2		100	%		100	%
Twelve months or greater		124		124		100	%		115		93	%		115		100	%		72	%
All equity securities with gross unrealized losses of 20% or more	$	166	$	145		87	%	$	123		85	%	$	123		100	%		74	%

Trading Securities Portfolio

	September 30, 2012			December 31, 2011
	(In millions)
Actively Traded Securities	$	565		$	473
FVO general account securities		178			267
FVO contractholder-directed unit-linked investments		15,199			17,411
FVO securities held by CSEs		53			117
Total trading and other securities — at estimated fair value	$	15,995		$	18,268
Actively Traded Securities — at estimated fair value	$	565		$	473
Short sale agreement liabilities — at estimated fair value		(121	)		(127	)
Net long/short position — at estimated fair value	$	444		$	346
Investments pledged to secure short sale agreement liabilities	$	609		$	558

The components of net investment gains (losses)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	(In millions)
Total gains (losses) on fixed maturity securities:
Total OTTI losses recognized	$	(57	)	$	(95	)	$	(310	)	$	(525	)
Less: Noncredit portion of OTTI losses transferred to and recognized in other comprehensive income (loss)		10			(189	)		39			(5	)
Net OTTI losses on fixed maturity securities recognized in earnings		(47	)		(284	)		(271	)		(530	)
Fixed maturity securities — net gains (losses) on sales and disposals (1)		80			101			146			79
Total gains (losses) on fixed maturity securities		33			(183	)		(125	)		(451	)
Other net investment gains (losses):
Equity securities		3			(3	)		13			(37	)
Trading and other securities — FVO general account securities - changes in estimated fair value subsequent to purchase		1			(3	)		4			(3	)
Mortgage loans (1)		—			45			49			160
Real estate and real estate joint ventures		(15	)		139			(35	)		144
Other limited partnership interests		(7	)		—			(18	)		8
Other investment portfolio gains (losses)		15			—			(20	)		(2	)
Subtotal — investment portfolio gains (losses) (1)		30			(5	)		(132	)		(181	)
FVO CSEs — changes in estimated fair value:
Commercial mortgage loans		9			(64	)		8			(39	)
Securities		—			2			—			1
Long-term debt — related to commercial mortgage loans		(2	)		56			8			48
Long-term debt — related to securities		8			(1	)		(2	)		(8	)
Non-investment portfolio gains (losses) (2)		(23	)		(43	)		(34	)		(130	)
Subtotal FVO CSEs and non-investment portfolio gains (losses)		(8	)		(50	)		(20	)		(128	)
Total net investment gains (losses)	$	22		$	(55	)	$	(152	)	$	(309	)

(1) Investment portfolio gains (losses) for the three months and nine months ended September 30, 2012 includes a net gain (loss) of ($26) million and $34 million, respectively, as a result of the pending disposition of certain operations of MetLife Bank, which is comprised of gains (losses) on securities and mortgage loans sold of $0 and $75 million, and impairments on mortgage loans of ($26) million and ($41) million, for the three months and nine months ended September 30, 2012, respectively. See Note 2.

(2) Non-investment portfolio gains (losses) for both the three months and nine months ended September 30, 2012 includes gains of $41 million, related to certain dispositions as more fully described in Note 2. Non-investment portfolio gains (losses) for the three months and nine months ended September 30, 2011 includes a loss of $0 and $87 million, respectively, in connection with a disposition and a goodwill impairment loss of $65 million related to MetLife Bank. See Notes 2 and 7 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report for further information about the 2011 transactions.

Proceeds from sales or disposals of fixed maturity and equity securities and the components of fixed maturity and equity securities net investment gains and losses

	Three Months Ended September 30,
	2012			2011			2012			2011			2012			2011
	Fixed Maturity Securities						Equity Securities						Total
	(In millions)
Proceeds	$	12,004		$	19,368		$	231		$	169		$	12,235		$	19,537
Gross investment gains	$	192		$	252		$	23		$	9		$	215		$	261
Gross investment losses		(112	)		(151	)		(11	)		(7	)		(123	)		(158	)
Total OTTI losses recognized in earnings:
Credit-related		(36	)		(269	)		—			—			(36	)		(269	)
Other (1)		(11	)		(15	)		(9	)		(5	)		(20	)		(20	)
Total OTTI losses recognized in earnings		(47	)		(284	)		(9	)		(5	)		(56	)		(289	)
Net investment gains (losses)	$	33		$	(183	)	$	3		$	(3	)	$	36		$	(186	)

	Nine Months Ended September 30,
	2012			2011			2012			2011			2012			2011
	Fixed Maturity Securities						Equity Securities						Total
	(In millions)
Proceeds	$	47,023		$	55,216		$	594		$	974		$	47,617		$	56,190
Gross investment gains	$	742		$	680		$	56		$	83		$	798		$	763
Gross investment losses		(596	)		(601	)		(17	)		(62	)		(613	)		(663	)
Total OTTI losses recognized in earnings:
Credit-related		(177	)		(382	)		—			—			(177	)		(382	)
Other (1)		(94	)		(148	)		(26	)		(58	)		(120	)		(206	)
Total OTTI losses recognized in earnings		(271	)		(530	)		(26	)		(58	)		(297	)		(588	)
Net investment gains (losses)	$	(125	)	$	(451	)	$	13		$	(37	)	$	(112	)	$	(488	)

(1) Other OTTI losses recognized in earnings include impairments on equity securities, impairments on perpetual hybrid securities classified within fixed maturity securities where the primary reason for the impairment was the severity and/or the duration of an unrealized loss position and fixed maturity securities where there is an intent-to-sell or it is more likely than not that the Company will be required to sell the security before recovery of the decline in estimated fair value.

Rollforward of the Cumulative Credit Loss Component of OTTI income (loss)

	Three Months Ended September 30,						Nine Months Ended September 30,
	2012			2011			2012			2011
	(In millions)
Balance, beginning of period	$	391		$	401		$	471		$	443
Additions:
Initial impairments — credit loss OTTI on securities not previously impaired		2			6			39			32
Additional impairments — credit loss OTTI on securities previously impaired		15			39			41			79
Reductions:
Sales, maturities, pay downs and prepayments during the period on securities previously impaired as credit loss OTTI		(36	)		(8	)		(155	)		(63	)
Securities impaired to net present value of expected future cash flows		—			(1	)		(23	)		(45	)
Increases in cash flows — accretion of previous credit loss OTTI		(1	)		—			(2	)		(9	)
Balance, end of period	$	371		$	437		$	371		$	437

The Components of Net Investment Income

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
	(In millions)
Investment income:
Fixed maturity securities	$	3,825	$	3,770		$	11,370	$	11,244
Equity securities		26		28			96		106
Trading and other securities — Actively Traded Securities and FVO general account securities (1)		24		(38	)		68		6
Mortgage loans		811		806			2,405		2,331
Policy loans		157		162			471		482
Real estate and real estate joint ventures		173		206			630		539
Other limited partnership interests		145		180			593		582
Cash, cash equivalents and short-term investments		40		41			115		131
International joint ventures (2)		7		6			11		(8	)
Other		27		82			148		151
Subtotal		5,235		5,243			15,907		15,564
Less: Investment expenses		276		268			793		762
Subtotal, net		4,959		4,975			15,114		14,802
Trading and other securities — FVO contractholder-directed unit-linked investments (1)		512		(824	)		1,010		(437	)
Securitized reverse residential mortgage loans		3		—			177		—
FVO CSEs:
Commercial mortgage loans		42		95			131		286
Securities		1		6			4		7
Subtotal		558		(723	)		1,322		(144	)
Net investment income	$	5,517	$	4,252		$	16,436	$	14,658

(1) Changes in estimated fair value subsequent to purchase for securities still held as of the end of the respective periods included in net investment income were:

	Three Months Ended September 30,					Nine Months Ended September 30,
	2012		2011			2012		2011
	(In millions)
Actively Traded Securities and FVO general account securities	$	6	$	(46	)	$	36	$	(25	)
FVO contractholder-directed unit-linked investments	$	247	$	(873	)	$	741	$	(641	)

(2) Amounts are presented net of changes in estimated fair value of derivatives related to economic hedges of the Company’s investment in these equity method international joint venture investments that do not qualify for hedge accounting of $0 for both the three months and nine months ended September 30, 2012, and $0 and ($23) million for the three months and nine months ended September 30, 2011, respectively.

Securities Lending

	September 30, 2012		December 31, 2011
	(In millions)
Securities on loan: (1)
Amortized cost	$	25,106	$	20,613
Estimated fair value	$	29,302	$	24,072
Cash collateral on deposit from counterparties (2)	$	29,932	$	24,223
Security collateral on deposit from counterparties	$	63	$	371
Reinvestment portfolio — estimated fair value	$	30,210	$	23,940

(1) Included within fixed maturity securities, short-term investments, equity securities and cash and cash equivalents.

(2) Included within payables for collateral under securities loaned and other transactions.

Invested Assets on Deposit, Held in Trust and Pledged as Collateral

	September 30, 2012		December 31, 2011
	(In millions)
Invested assets on deposit (1)	$	2,329	$	1,660
Invested assets held in trust (2)		11,866		11,135
Invested assets pledged as collateral (3)		22,390		29,899
Total invested assets on deposit, held in trust and pledged as collateral	$	36,585	$	42,694

(1) The Company has invested assets on deposit with regulatory agencies consisting primarily of cash and cash equivalents, short-term investments, fixed maturity securities and equity securities.

(2) The Company held in trust cash and securities, primarily fixed maturity and equity securities, to satisfy requirements under certain collateral financing agreements and certain reinsurance agreements.

(3) The Company has pledged fixed maturity securities, mortgage loans and cash and cash equivalents in connection with various agreements and transactions, including funding and advances agreements (see Notes 8 and 11 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report), collateralized borrowings (see Note 11 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report), collateral financing arrangements (see Note 12 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report), derivative transactions (see Note 4), and short sale agreements (see “— Trading and Other Securities”).

Disclosure of mortgage loans, net of valuation allowance

	September 30, 2012						December 31, 2011
	Carrying Value			% of Total			Carrying Value			% of Total
	(In millions)						(In millions)
Mortgage loans held-for-investment:
Commercial	$	41,941			70.9	%	$	40,440			56.1	%
Agricultural		12,600			21.3			13,129			18.2
Residential		818			1.4			689			1.0
Subtotal		55,359			93.6			54,258			75.3
Valuation allowances		(354	)		(0.6	)		(481	)		(0.7	)
Subtotal mortgage loans held-for-investment, net		55,005			93.0			53,777			74.6
Commercial mortgage loans held by CSEs		2,879			4.9			3,138			4.4
Total mortgage loans held-for-investment, net		57,884			97.9			56,915			79.0
Mortgage loans held-for-sale:
Residential (1)		64			0.1			3,064			4.2
Mortgage loans — lower of amortized cost or estimated fair value (1)		1,222			2.0			4,462			6.2
Securitized reverse residential mortgage loans (1)		—			—			7,652			10.6
Total mortgage loans held-for-sale		1,286			2.1			15,178			21.0
Total mortgage loans, net	$	59,170			100.0	%	$	72,093			100.0	%

(1) As described in Note 2, the Company is exiting the businesses of originating forward and reverse residential mortgage loans, intends to dispose of the depository business of MetLife Bank and has sold MetLife Bank’s reverse mortgage servicing rights resulting in the disposition of certain mortgage loans and the de-recognition of its securitized reverse residential mortgage loans.

Disclosure of mortgage loans held-for-investment and valuation allowances by method of evaluation for credit loss

	Commercial		Agricultural		Residential		Total
	(In millions)
September 30, 2012:
Mortgage loans:
Evaluated individually for credit losses	$	336	$	107	$	13	$	456
Evaluated collectively for credit losses		41,605		12,493		805		54,903
Total mortgage loans		41,941		12,600		818		55,359
Valuation allowances:
Specific credit losses		73		22		2		97
Non-specifically identified credit losses		227		30		—		257
Total valuation allowances		300		52		2		354
Mortgage loans, net of valuation allowance	$	41,641	$	12,548	$	816	$	55,005
December 31, 2011:
Mortgage loans:
Evaluated individually for credit losses	$	96	$	159	$	13	$	268
Evaluated collectively for credit losses		40,344		12,970		676		53,990
Total mortgage loans		40,440		13,129		689		54,258
Valuation allowances:
Specific credit losses		59		45		1		105
Non-specifically identified credit losses		339		36		1		376
Total valuation allowances		398		81		2		481
Mortgage loans, net of valuation allowance	$	40,042	$	13,048	$	687	$	53,777

Allowance for Loan and Lease Losses, Provision for Loss, Net

	Mortgage Loan Valuation Allowances
	Commercial			Agricultural			Residential			Total
	(In millions)
For the Three Months Ended September 30, 2012:
Balance, beginning of period	$	300		$	59		$	2		$	361
Provision (release)		2			6			—			8
Charge-offs, net of recoveries		(2	)		(8	)		—			(10	)
Transfers to held-for-sale		—			(5	)		—			(5	)
Balance, end of period	$	300		$	52		$	2		$	354
For the Three Months Ended September 30, 2011:
Balance, beginning of period	$	469		$	79		$	18		$	566
Provision (release)		(41	)		3			2			(36	)
Charge-offs, net of recoveries		—			—			(1	)		(1	)
Balance, end of period	$	428		$	82		$	19		$	529
For the Nine Months Ended September 30, 2012:
Balance, beginning of period	$	398		$	81		$	2		$	481
Provision (release)		(96	)		—			6			(90	)
Charge-offs, net of recoveries		(2	)		(24	)		—			(26	)
Transfers to held-for-sale		—			(5	)		(6	)		(11	)
Balance, end of period	$	300		$	52		$	2		$	354
For the Nine Months Ended September 30, 2011:
Balance, beginning of period	$	562		$	88		$	14		$	664
Provision (release)		(134	)		(3	)		7			(130	)
Charge-offs, net of recoveries		—			(3	)		(2	)		(5	)
Balance, end of period	$	428		$	82		$	19		$	529

Schedule of Financing Receivables, Non Accrual Status

	Past Due				Greater than 90 Days Past Due Still Accruing Interest				Nonaccrual Status
	September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011		September 30, 2012		December 31, 2011
	(In millions)
Commercial	$	81	$	63	$	—	$	—	$	193	$	63
Agricultural		88		146		55		29		69		157
Residential		26		8		—		—		26		17
Total	$	195	$	217	$	55	$	29	$	288	$	237

Impaired mortgage loans held-for-investment

	Impaired Mortgage Loans
	Loans with a Valuation Allowance								Loans without a Valuation Allowance				All Impaired Loans
	Unpaid Principal Balance		Recorded Investment		Valuation Allowances		Carrying Value		Unpaid Principal Balance		Recorded Investment		Unpaid Principal Balance		Carrying Value
	(In millions)
September 30, 2012:
Commercial	$	347	$	336	$	73	$	263	$	152	$	150	$	499	$	413
Agricultural		110		107		22		85		82		77		192		162
Residential		13		13		2		11		—		—		13		11
Total	$	470	$	456	$	97	$	359	$	234	$	227	$	704	$	586
December 31, 2011:
Commercial	$	96	$	96	$	59	$	37	$	252	$	237	$	348	$	274
Agricultural		160		159		45		114		71		69		231		183
Residential		13		13		1		12		1		1		14		13
Total	$	269	$	268	$	105	$	163	$	324	$	307	$	593	$	470

	Impaired Mortgage Loans
	Average Recorded  Investment		Interest Income Recognized
			Cash Basis		Accrual Basis
	(In millions)
For the Three Months Ended September 30, 2012:
Commercial	$	395	$	1	$	—
Agricultural		191		1		1
Residential		12		—		—
Total	$	598	$	2	$	1
For the Three Months Ended September 30, 2011:
Commercial	$	330	$	—	$	—
Agricultural		229		1		—
Residential		17		—		—
Total	$	576	$	1	$	—
For the Nine Months Ended September 30, 2012:
Commercial	$	334	$	4	$	—
Agricultural		210		2		3
Residential		13		—		—
Total	$	557	$	6	$	3
For the Nine Months Ended September 30, 2011:
Commercial	$	308	$	1	$	—
Agricultural		258		3		1
Residential		26		—		—
Total	$	592	$	4	$	1

Mortgage loans modified in a troubled debt restructuring

	Mortgage Loans Modified in a Troubled Debt Restructuring
	Number of Mortgage Loans		Carrying Value after Specific Valuation Allowance
			Pre-Modification		Post-Modification
			(In millions)
For the Three Months Ended September 30, 2012:
Commercial		—	$	—	$	—
Agricultural		5		17		16
Residential		—		—		—
Total		5	$	17	$	16
For the Three Months Ended September 30, 2011:
Commercial		3	$	88	$	49
Agricultural		2		10		10
Residential		3		1		1
Total		8	$	99	$	60
For the Nine Months Ended September 30, 2012:
Commercial		—	$	—	$	—
Agricultural		5		17		16
Residential		—		—		—
Total		5	$	17	$	16
For the Nine Months Ended September 30, 2011:
Commercial		5	$	147	$	109
Agricultural		9		36		37
Residential		3		1		1
Total		17	$	184	$	147

Schedule of Available-for-sale Securities [Line Items]

Other than temporary impairment losses recognized in earnings

	Nine Months Ended September 30, 2012			Year Ended December 31, 2011
	(In millions)
Balance, beginning of period	$	(724	)	$	(601	)
Noncredit OTTI losses recognized (1)		(39	)		31
Securities sold with previous noncredit OTTI loss		119			125
Subsequent changes in estimated fair value		203			(279	)
Balance, end of period	$	(441	)	$	(724	)

(1) Noncredit OTTI losses recognized, net of DAC, were ($48) million and $33 million for the nine months ended September 30, 2012 and year ended December 31, 2011, respectively.

Variable Interest Entity, Primary Beneficiary [Member]

Variable Interest Entity [Line Items]

Variable Interest Entities

	September 30, 2012				December 31, 2011
	Total Assets		Total Liabilities		Total Assets		Total Liabilities
	(In millions)
CSEs (1)	$	2,949	$	2,748	$	3,299	$	3,103
MRSC collateral financing arrangement (2)		3,420		—		3,333		—
Other limited partnership interests		338		12		360		6
Trading and other securities		93		—		163		—
Other invested assets		85		—		102		1
Real estate joint ventures		11		14		16		18
Total	$	6,896	$	2,774	$	7,273	$	3,128

(1) The Company consolidates former qualified special purpose entities (“QSPEs”) that are structured as CMBS and former QSPEs that are structured as collateralized debt obligations. The assets of these entities can only be used to settle their respective liabilities, and under no circumstances is the Company liable for any principal or interest shortfalls should any arise. The Company’s exposure was limited to that of its remaining investment in the former QSPEs of $180 million and $172 million at estimated fair value at September 30, 2012 and December 31, 2011, respectively. The long-term debt presented below bears interest primarily at fixed rates ranging from 2.25% to 5.57%, payable primarily on a monthly basis and is expected to be repaid over the next four years. Interest expense related to these obligations, included in other expenses, was $40 million and $125 million for the three months and nine months ended September 30, 2012, respectively, and $97 million and $281 million for the three months and nine months ended September 30, 2011, respectively. The assets and liabilities of these CSEs, at estimated fair value, were as follows at:

	September 30, 2012		December 31, 2011
	(In millions)
Assets:
Mortgage loans held-for-investment (commercial mortgage loans)	$	2,879	$	3,138
Trading and other securities		53		117
Accrued investment income		14		16
Cash and cash equivalents		3		21
Premiums, reinsurance and other receivables		—		7
Total assets	$	2,949	$	3,299
Liabilities:
Long-term debt	$	2,733	$	3,068
Other liabilities		15		35
Total liabilities	$	2,748	$	3,103

(2) See Note 12 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report for a description of the MetLife Reinsurance Company of South Carolina (“MRSC”) collateral financing arrangement. These assets consist of the following, at estimated fair value, except for mortgage loans, which are presented at carrying value, at:

	September 30, 2012		December 31, 2011
	(In millions)
Fixed maturity securities available-for-sale:
ABS	$	1,528	$	1,356
U.S. corporate securities		897		833
RMBS		527		502
CMBS		273		369
Foreign corporate securities		91		126
State and political subdivision securities		33		39
Mortgage loans		49		49
Cash and cash equivalents		22		59
Total	$	3,420	$	3,333

Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entity [Line Items]

Variable Interest Entities

	September 30, 2012				December 31, 2011
	Carrying Amount		Maximum Exposure to Loss (1)		Carrying Amount		Maximum Exposure to Loss (1)
	(In millions)
Fixed maturity securities available-for-sale:
RMBS (2)	$	40,591	$	40,591	$	42,637	$	42,637
CMBS (2)		19,440		19,440		19,069		19,069
ABS (2)		15,005		15,005		12,979		12,979
U.S. corporate securities		2,802		2,802		2,911		2,911
Foreign corporate securities		2,319		2,319		2,087		2,087
Other limited partnership interests		4,619		6,194		4,340		6,084
Other invested assets		969		1,268		799		1,194
Trading and other securities		573		573		671		671
Mortgage loans		361		361		456		456
Real estate joint ventures		119		131		61		79
Equity securities available-for-sale:
Non-redeemable preferred stock		31		31		—		—
Total	$	86,829	$	88,715	$	86,010	$	88,167

(1) The maximum exposure to loss relating to the fixed maturity, equity and trading and other securities is equal to their estimated fair value. The maximum exposure to loss relating to the other limited partnership interests, real estate joint ventures and mortgage loans is equal to the carrying amounts plus any unfunded commitments of the Company. Such a maximum loss would be expected to occur only upon bankruptcy of the issuer, borrower or investee. For certain of its investments in other invested assets, the Company’s return is in the form of income tax credits which are guaranteed by a creditworthy third party. For such investments, the maximum exposure to loss is equal to the carrying amounts plus any unfunded commitments, reduced by income tax credits guaranteed by third parties of $321 million and $267 million at September 30, 2012 and December 31, 2011, respectively.

(2) For these variable interests, the Company’s involvement is limited to that of a passive investor.

Commercial mortgage loans portfolio segment [Member]

Mortgage Loans on Real Estate [Line Items]

Disclosure of the mortgage loans portfolio segment by the recorded investment, prior to valuation allowances, by credit quality indicator categories

	Commercial
	Recorded Investment
	Debt Service Coverage Ratios						Total		% of Total			Estimated Fair Value		% of Total
	> 1.20x		1.00x - 1.20x		< 1.00x
	(In millions)											(In millions)
September 30, 2012:
Loan-to-value ratios:
Less than 65%	$	29,834	$	734	$	460	$	31,028		74.0	%	$	33,279		75.0	%
65% to 75%		6,520		326		201		7,047		16.8			7,367		16.6
76% to 80%		788		131		317		1,236		2.9			1,270		2.8
Greater than 80%		1,780		514		336		2,630		6.3			2,484		5.6
Total	$	38,922	$	1,705	$	1,314	$	41,941		100.0	%	$	44,400		100.0	%
December 31, 2011:
Loan-to-value ratios:
Less than 65%	$	24,983	$	448	$	564	$	25,995		64.3	%	$	27,581		65.5	%
65% to 75%		8,275		336		386		8,997		22.3			9,387		22.3
76% to 80%		1,150		98		226		1,474		3.6			1,473		3.5
Greater than 80%		2,714		880		380		3,974		9.8			3,664		8.7
Total	$	37,122	$	1,762	$	1,556	$	40,440		100.0	%	$	42,105		100.0	%

Agricultural mortgage loans portfolio segment [Member]

Mortgage Loans on Real Estate [Line Items]

Disclosure of the mortgage loans portfolio segment by the recorded investment, prior to valuation allowances, by credit quality indicator categories

	Agricultural
	September 30, 2012					December 31, 2011
	Recorded Investment		% of Total			Recorded Investment		% of Total
	(In millions)					(In millions)
Loan-to-value ratios:
Less than 65%	$	11,651		92.5	%	$	11,802		89.9	%
65% to 75%		658		5.2			874		6.7
76% to 80%		35		0.3			76		0.6
Greater than 80%		256		2.0			377		2.8
Total	$	12,600		100.0	%	$	13,129		100.0	%

Residential mortgage loans portfolio segment [Member]

Mortgage Loans on Real Estate [Line Items]

Disclosure of the mortgage loans portfolio segment by the recorded investment, prior to valuation allowances, by credit quality indicator categories

	Residential
	September 30, 2012					December 31, 2011
	Recorded Investment		% of Total			Recorded Investment		% of Total
	(In millions)					(In millions)
Performance indicators:
Performing	$	792		96.8	%	$	671		97.4	%
Nonperforming		26		3.2			18		2.6
Total	$	818		100.0	%	$	689		100.0	%

Fixed maturity securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Other than temporary impairment losses recognized in earnings

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	(In millions)
Sector:
U.S. and foreign corporate securities — by industry:
Utility	$	10	$	6	$	61	$	7
Finance		—		7		32		48
Communications		1		12		19		26
Transportation		11		—		17		—
Consumer		4		6		16		35
Industrial		4		—		5		—
Total U.S. and foreign corporate securities		30		31		150		116
RMBS		15		34		61		100	(1)
CMBS		—		5		50		8
ABS		2		8		9		11	(1)
State and political subdivision securities		—		—		1		—
Foreign government securities		—		206		—		295
Total	$	47	$	284	$	271	$	530

(1) See Note 3 of the Notes to the Consolidated Financial Statements included in the 2011 Annual Report for discussion of a reclassification from the ABS sector to the RMBS sector for securities backed by sub-prime residential mortgage loans.

Equity Securities [Member]

Schedule of Available-for-sale Securities [Line Items]

Other than temporary impairment losses recognized in earnings

	Three Months Ended September 30,				Nine Months Ended September 30,
	2012		2011		2012		2011
	(In millions)
Sector:
Common stock	$	9	$	5	$	26	$	20
Non-redeemable preferred stock		—		—		—		38
Total	$	9	$	5	$	26	$	58
Industry:
Financial services industry — perpetual hybrid securities	$	—	$	—	$	—	$	38
Other industries		9		5		26		20
Total	$	9	$	5	$	26	$	58

US Government Agencies Debt Securities [Member]

Fair Value, Concentration of Risk, Financial Statement Captions [Line Items]

Concentrations of Credit Risk (Fixed Maturity Securities)

	September 30, 2012		December 31, 2011
	Carrying Value (1)
	(In millions)
U.S. Treasury and agency securities included in:
Fixed maturity securities	$	51,448	$	40,012
Short-term investments		11,553		15,775
Cash equivalents		3,050		1,748
Total U.S. Treasury and agency securities	$	66,051	$	57,535
Japan government and agency securities included in:
Fixed maturity securities	$	21,925	$	21,003
Short-term investments		333		—
Cash equivalents		623		—
Total Japan government and agency securities	$	22,881	$	21,003

(1) Represents estimated fair value for fixed maturity securities, and for short-term investments and cash equivalents, estimated fair value or amortized cost, which approximates estimated fair value.