Equity

6 Months Ended

Jun. 30, 2013

Equity [Abstract]

Equity

10. Equity

Stock-Based Compensation Plans

  Performance Shares and Performance Units

For awards granted prior to the January 1, 2013 – December 31, 2015 performance period, vested Performance Shares and Performance Units are multiplied by a performance factor of 0.0 to 2.0 based on MetLife, Inc.’s adjusted income, total shareholder return, and performance in change in annual net operating earnings and total shareholder return compared to the performance of its competitors, each measured with respect to the applicable three-year performance period or portions thereof.

For the January 1, 2013 - December 31, 2015 performance period, the vested Performance Shares and Performance Units will be multiplied by a performance factor of 0.00 to 1.75. Assuming that MetLife, Inc. has met threshold performance goals related to its adjusted income or total shareholder return, the MetLife, Inc. Compensation Committee will determine the performance factor in its discretion. In doing so, the Compensation Committee may consider MetLife, Inc.‘s total shareholder return relative to the performance of its competitors and MetLife, Inc.‘s operating return on equity relative to its financial plan. The estimated fair value of performance shares will be remeasured each quarter until final settlement.

  Payout of 2010 - 2012 Performance Shares

Final Performance Shares are paid in shares of MetLife, Inc. common stock. The performance factor for the January 1, 2010 — December 31, 2012 performance period was 0.92. This factor has been applied to the 1,346,025 Performance Shares associated with that performance period that vested on December 31, 2012 and, as a result, 1,238,343 shares of MetLife, Inc.’s common stock (less withholding for taxes and other items, as applicable) were issued, aside from shares that payees choose to defer, in April 2013.

  Payout of 2010 - 2012 Performance Units

Final Performance Units are payable in cash equal to the closing price of MetLife, Inc. common stock on a date following the last day of the three-year performance period. The performance factor for the January 1, 2010 — December 31, 2012 performance period was 0.92. This factor has been applied to the 51,650 Performance Units associated with that performance period that vested on December 31, 2012 and, as a result, the cash value of 47,518 units was paid in April 2013.

Accumulated Other Comprehensive Income (Loss)

Information regarding changes in the balances of each component of AOCI attributable to MetLife, Inc., net of income tax, was as follows:

	Three Months Ended June 30, 2013
	Unrealized Investment  Gains (Losses), Net of Related Offsets (1)		Unrealized Gains (Losses)  on Derivatives		Foreign Currency Translation  Adjustments		Defined Benefit Plans  Adjustment		Total
	(In millions)
Balance, beginning of period	$	13,332	$	905	$	(1,205)	$	(2,452)	$	10,580
OCI before reclassifications		(3,476)		(215)		(620)		2		(4,309)
Amounts reclassified from AOCI		(147)		44		—		34		(69)
Balance, end of period	$	9,709	$	734	$	(1,825)	$	(2,416)	$	6,202
	Six Months Ended June 30, 2013
	Unrealized Investment  Gains (Losses), Net of Related Offsets (1)		Unrealized Gains (Losses)  on Derivatives		Foreign Currency Translation  Adjustments		Defined Benefit Plans  Adjustment		Total
	(In millions)
Balance, beginning of period	$	13,590	$	829	$	(533)	$	(2,489)	$	11,397
OCI before reclassifications		(3,575)		(255)		(1,292)		2		(5,120)
Amounts reclassified from AOCI		(306)		160		—		71		(75)
Balance, end of period	$	9,709	$	734	$	(1,825)	$	(2,416)	$	6,202

(1) See Note 6 for information on offsets to investments related to insurance liabilities, DAC and VOBA and the policyholder dividend obligation.

Information regarding amounts reclassified out of each component of AOCI was as follows:

AOCI Components	Amounts Reclassified from AOCI				Statement of Operations and Comprehensive Income Location
	Three Months Ended June 30, 2013		Six Months Ended June 30, 2013
	(In millions)
Net unrealized investment gains (losses):
Net unrealized investment gains (losses)	$	171	$	461	Other net investment gains (losses)
Net unrealized investment gains (losses)		22		43	Net investment income
OTTI		(4)		(35)	OTTI on fixed maturity securities
Net unrealized investment gains (losses), before income tax		189		469
Income tax (expense) benefit		(42)		(163)
Net unrealized investment gains (losses), net of income tax	$	147	$	306
Unrealized gains (losses) on derivatives - cash flow hedges:
Interest rate swaps	$	10	$	14	Net derivative gains (losses)
Interest rate swaps		2		4	Net investment income
Interest rate forwards		3		6	Net derivative gains (losses)
Interest rate forwards		—		1	Net investment income
Interest rate forwards		—		(1)	Other expenses
Foreign currency swaps		(68)		(257)	Net derivative gains (losses)
Foreign currency swaps		(1)		(2)	Net investment income
Credit forwards		1		1	Net investment income
Gains (losses) on cash flow hedges, before income tax		(53)		(234)
Income tax (expense) benefit		9		74
Gains (losses) on cash flow hedges, net of income tax	$	(44)	$	(160)
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)	$	(70)	$	(141)
Amortization of prior service (costs) credit		18		34
Amortization of defined benefit plan items, before income tax		(52)		(107)
Income tax (expense) benefit		18		36
Amortization of defined benefit plan items, net of income tax	$	(34)	$	(71)
Total reclassifications, net of income tax	$	69	$	75

(1) These AOCI components are included in the computation of net periodic benefit costs. See Note 12.