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Earnings Per Common Share (Tables)
 3 Months Ended
Mar. 31, 2013
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
                 
    Three Months
Ended
March 31,		  
                  2013                                  2012                 
    (In millions, except share and per share data)  

Weighted Average Shares:

  

        

Weighted average common stock outstanding for basic earnings
per common share

     1,096,925,583        1,064,252,898   

Incremental common shares from assumed:

                

Stock purchase contracts underlying common equity units (1)

     —        —   

Exercise or issuance of stock-based awards (2)

     6,959,822        —   
   

 

 

    

 

 

  

Weighted average common stock outstanding for diluted
earnings per common share

     1,103,885,405        1,064,252,898   
   

 

 

    

 

 

  

Income (Loss) from Continuing Operations:

                

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

   $ 995      $ (134)  

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

     6        24   

Less: Preferred stock dividends

     30        30   
   

 

 

    

 

 

  

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

   $ 959      $ (188)  
   

 

 

    

 

 

  

Basic

   $ 0.87      $ (0.17)  
   

 

 

    

 

 

  

Diluted

   $ 0.87      $ (0.17)  
   

 

 

    

 

 

  

Income (Loss) from Discontinued Operations:

                

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

   $ (3)     $ 14   

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)     $ 14   
   

 

 

    

 

 

  

Basic

   $ —      $ 0.01   
   

 

 

    

 

 

  

Diluted

   $ —      $ 0.01   
   

 

 

    

 

 

  

Net Income (Loss):

                

Net income (loss)

   $ 992      $ (120)  

Less: Net income (loss) attributable to noncontrolling interests

     6        24   

Less: Preferred stock dividends

     30        30   
   

 

 

    

 

 

  

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

   $ 956      $ (174)  
   

 

 

    

 

 

  

Basic

   $ 0.87      $ (0.16)  
   

 

 

    

 

 

  

Diluted

   $ 0.87      $ (0.16)  
   

 

 

    

 

 

  

 

 

 

(1)

See Note 15 of the Notes to the Consolidated Financial Statements included in the 2012 Annual Report for a description of the Company’s common equity units. For the three months ended March 31, 2013 and 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.

 

(2)

For the three months ended March 31, 2012, 6,627,984 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 to include such assumed shares would be anti-dilutive.