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Earnings Per Common Share (Tables)
6 Months Ended
Jun. 30, 2013
Earnings Per Common Share [Abstract]  
Earnings Per Common Share
                                 
    Three Months
Ended
June 30,
    Six Months
Ended
June 30,
 
     2013     2012     2013     2012  
    (In millions, except share and per share data)  

Weighted Average Shares:

                               

Weighted average common stock outstanding for basic earnings per common share

    1,097,889,347        1,064,688,383        1,096,815,883        1,063,560,105   

Incremental common shares from assumed:

                               

Stock purchase contracts underlying common equity units (1)

    —        —        —        —   

Exercise or issuance of stock-based awards

    8,790,971        5,291,235        7,875,396        5,971,776   
   

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common stock outstanding for diluted earnings per common share

    1,106,680,318        1,069,979,618        1,104,691,279        1,069,531,881   
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) from Continuing Operations:

                               

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

  $ 508      $ 2,300      $ 1,503      $ 2,166   

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

                14        32   

Less: Preferred stock dividends

    31        31        61        61   
   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 469      $ 2,261      $ 1,428      $ 2,073   
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic

  $ 0.43      $ 2.13      $ 1.30      $ 1.95   
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.43      $ 2.12      $ 1.29      $ 1.93   
   

 

 

   

 

 

   

 

 

   

 

 

 

Income (Loss) from Discontinued Operations:

                               

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

  $     $     $ (1   $ 17   

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

  $     $     $ (1   $ 17   
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic

  $ —      $ —      $ —      $ 0.02   
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ —      $ —      $ —      $ 0.02   
   

 

 

   

 

 

   

 

 

   

 

 

 

Net Income (Loss):

                               

Net income (loss)

  $ 510      $ 2,303      $ 1,502      $ 2,183   

Less: Net income (loss) attributable to noncontrolling interests

                14        32   

Less: Preferred stock dividends

    31        31        61        61   
   

 

 

   

 

 

   

 

 

   

 

 

 

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

  $ 471      $ 2,264      $ 1,427      $ 2,090   
   

 

 

   

 

 

   

 

 

   

 

 

 

Basic

  $ 0.43      $ 2.13      $ 1.30      $ 1.97   
   

 

 

   

 

 

   

 

 

   

 

 

 

Diluted

  $ 0.43      $ 2.12      $ 1.29      $ 1.95   
   

 

 

   

 

 

   

 

 

   

 

 

 

 

(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 and six months ended June 30, 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.