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Earnings Per Common Share (Tables)
12 Months Ended
Dec. 31, 2011
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
                         
    Years Ended December 31,  
    2011     2010     2009  
    (In millions, except share and per share data)  

Weighted Average Shares:

                       

Weighted average common stock outstanding for basic
earnings per common share (1)

    1,059,580,442       882,436,532       818,462,150  

Incremental common shares from assumed:

                       

Stock purchase contracts underlying common equity units (2)

    1,641,444              

Exercise or issuance of stock-based awards (3)

    6,872,474       7,131,346        
   

 

 

   

 

 

   

 

 

 

Weighted average common stock outstanding for diluted earnings
per common share (1)

    1,068,094,360       889,567,878       818,462,150  
   

 

 

   

 

 

   

 

 

 

Income (Loss) from Continuing Operations:

                       

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

  $ 6,392     $ 2,620     $ (2,509

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

    (8     (4     (36

Less: Preferred stock dividends

    122       122       122  

Preferred stock redemption premium

    146              
   

 

 

   

 

 

   

 

 

 

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

  $ 6,132     $ 2,502     $ (2,595
   

 

 

   

 

 

   

 

 

 

Basic

  $ 5.79     $ 2.83     $ (3.17
   

 

 

   

 

 

   

 

 

 

Diluted

  $ 5.74     $ 2.81     $ (3.17
   

 

 

   

 

 

   

 

 

 

Income (Loss) from Discontinued Operations:

                       

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

  $ 23     $ 43     $ 62  

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

  $ 23     $ 43     $ 62  
   

 

 

   

 

 

   

 

 

 

Basic

  $ 0.02     $ 0.05     $ 0.08  
   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.02     $ 0.05     $ 0.08  
   

 

 

   

 

 

   

 

 

 

Net Income (Loss):

                       

Net income (loss)

  $ 6,415     $ 2,663     $ (2,447

Less: Net income (loss) attributable to noncontrolling interests

    (8     (4     (36

Less: Preferred stock dividends

    122       122       122  

Preferred stock redemption premium

    146              
   

 

 

   

 

 

   

 

 

 

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

  $ 6,155     $ 2,545     $ (2,533
   

 

 

   

 

 

   

 

 

 

Basic

  $ 5.81     $ 2.88     $ (3.09
   

 

 

   

 

 

   

 

 

 

Diluted

  $ 5.76     $ 2.86     $ (3.09
   

 

 

   

 

 

   

 

 

 

 

(1)

For purposes of the earnings per common share calculation, for the year ended December 31, 2010, the convertible preferred stock was assumed converted into shares of common stock for both basic and diluted weighted average shares. See Note 18.

 

(2)

See Note 14 for a description of the Company’s common equity units.

 

(3)

For the year ended December 31, 2009, 4,213,700 shares related to the assumed exercise or issuance of stock-based awards have been excluded from the calculation of diluted earnings per common share as these assumed shares are anti-dilutive.