MetLife (MET) 10-Q 4 Aug 09 2009 Q2 Quarterly report Financial data

Document and Company Informatio

Document and Company Information (USD $)
In Billions, except Share data	6 Months Ended Jun. 30, 2009	Jul. 31, 2009	Jun. 30, 2008
Document And Company Information [Abstract]
Entity Registrant Name	MetLife, Inc.
Entity Central Index Key	0001099219
Document Type	10-Q
Document Period End Date	2009-06-30
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$37
Entity Common Stock, Shares Outstanding		818,638,951

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (USD $)
In Millions	Jun. 30, 2009	Dec. 31, 2008
Assets
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $225,494 and $209,508, respectively)	$211,563	$188,251
Equity securities available-for-sale, at estimated fair value (cost: $3,679 and $4,131, respectively)	3,045	3,197
Trading securities, at estimated fair value (cost: $1,523 and $1,107, respectively)	1,471	946
Mortgage and consumer loans:
Held-for-investment, at amortized cost (net of valuation allowances of $543 and $304, respectively)	48,229	49,352
Held-for-sale, principally at estimated fair value	4,271	2,012
Mortgage and consumer loans, net	52,500	51,364
Policy loans	9,907	9,802
Real estate and real estate joint ventures held-for-investment	7,295	7,585
Real estate held-for-sale	1	1
Other limited partnership interests	5,193	6,039
Short-term investments	8,117	13,878
Other invested assets	13,071	17,248
Total investments	312,163	298,311
Cash and cash equivalents	13,213	24,207
Accrued investment income	3,019	3,061
Premiums and other receivables	16,730	16,973
Deferred policy acquisition costs and value of business acquired	20,323	20,144
Current income tax recoverable	253	0
Deferred income tax assets	3,856	4,927
Goodwill	5,036	5,008
Other assets	7,896	7,262
Assets of subsidiaries held-for-sale	0	946
Separate account assets	126,968	120,839
Total assets	509,457	501,678
Liabilities and Stockholders' Equity
Future policy benefits	132,823	130,555
Policyholder account balances	147,883	149,805
Other policyholder funds	8,319	7,762
Policyholder dividends payable	881	1,023
Short-term debt	4,757	2,659
Long-term debt	12,940	9,667
Collateral financing arrangements	5,297	5,192
Junior subordinated debt securities	2,691	3,758
Current income tax payable	0	342
Payables for collateral under securities loaned and other transactions	24,607	31,059
Other liabilities	14,679	14,284
Liabilities of subsidiaries held-for-sale	0	748
Separate account liabilities	126,968	120,839
Total liabilities	481,845	477,693
MetLife, Inc.'s stockholders' equity:
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 84,000,000 shares issued and outstanding; $2,100 aggregate liquidation preference	1	1
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 822,359,818 shares and 798,016,664 shares issued at June 30, 2009 and December 31, 2008, respectively; 818,586,271 shares and 793,629,070 shares outstanding at June 30, 2009 and December 31, 2008, respectively	8	8
Additional paid-in capital	16,849	15,811
Retained earnings	20,472	22,403
Treasury stock, at cost; 3,773,547 shares and 4,387,594 shares at June 30, 2009 and December 31, 2008, respectively	(203)	(236)
Accumulated other comprehensive loss	(9,834)	(14,253)
Total MetLife, Inc.'s stockholders' equity	27,293	23,734
Noncontrolling interests	319	251
Total equity	27,612	23,985
Total liabilities and stockholders' equity	$509,457	$501,678

1_Interim Condensed Consolidate

Interim Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data	Jun. 30, 2009	Dec. 31, 2008
Fair value of fixed maturity securities available-for-sale	$225,494	$209,508
Cost of equity securities available-for-sale	3,679	4,131
Cost of trading securities	1,523	1,107
Valuation allowances for held-for-investment	$543	$304
Preferred stock, par value	0.01	0.01
Preferred stock, shares authorized	200,000,000	200,000,000
Preferred stock, shares issued	84,000,000	84,000,000
Preferred stock, shares outstanding	84,000,000	84,000,000
Preferred stock, aggregate liquidation preference	2,100	2,100
Common stock, par value	0.01	0.01
Common stock, shares authorized	3,000,000,000	3,000,000,000
Common stock, shares issued	822,359,818	798,016,664
Common stock, shares outstanding	818,586,271	793,629,070
Treasury stock, shares	3,773,547	4,387,594

2_Interim Condensed Consolidate

Interim Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data	3 Months Ended Jun. 30, 2009	3 Months Ended Jun. 30, 2008	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Revenues
Premiums	$6,576	$6,340	$12,698	$12,631
Universal life and investment-type product policy fees	1,216	1,396	2,399	2,793
Net investment income	3,731	4,319	6,994	8,616
Other revenues	572	351	1,126	720
Net investment gains (losses):
Other-than-temporary impairments on fixed maturity securities	(566)	(139)	(1,119)	(213)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive loss	234	0	234	0
Other net investment gains (losses), net	(3,497)	(218)	(3,850)	(874)
Total net investment gains (losses)	(3,829)	(357)	(4,735)	(1,087)
Total revenues	8,266	12,049	18,482	23,673
Expenses
Policyholder benefits and claims	6,946	6,579	13,528	13,162
Interest credited to policyholder account balances	1,229	1,196	2,397	2,429
Policyholder dividends	434	446	858	875
Other expenses	2,031	2,607	5,033	5,154
Total expenses	10,640	10,828	21,816	21,620
Income (loss) from continuing operations before provision for income tax	(2,374)	1,221	(3,334)	2,053
Provision for income tax expense (benefit)	(956)	342	(1,332)	549
Income (loss) from continuing operations, net of income tax	(1,418)	879	(2,002)	1,504
Income from discontinued operations, net of income tax	0	117	36	152
Net income (loss)	(1,418)	996	(1,966)	1,656
Less: Net income (loss) attributable to noncontrolling interests	(16)	50	(20)	62
Net income (loss) attributable to MetLife, Inc.	(1,402)	946	(1,946)	1,594
Less: Preferred stock dividends	31	31	61	64
Net income (loss) available to MetLife, Inc.'s common shareholders	($1,433)	$915	($2,007)	$1,530
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.'s common shareholders per common share:
Basic	-1.74	1.19	-2.5	2.03
Diluted	-1.74	1.18	-2.5	1.99
Net income (loss) available to MetLife, Inc.'s common shareholders per common share:
Basic	-1.74	1.28	-2.46	2.14
Diluted	-1.74	1.26	-2.46	2.1

3_Interim Condensed Consolidate

Interim Condensed Consolidated Statement of Equity (USD $)
In Millions	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Beginning Balance	$23,985	$36,985
Cumulative effect of changes in accounting principles, net of income tax		17
Common stock issuance - newly issued shares	1,035
Treasury stock transactions, net	35	(749)
Deferral of stock-based compensation	1	141
Dividends on preferred stock	(61)	(64)
Dividends on subsidiary common stock		(16)
Change in equity of noncontrolling interests	95	(51)
Comprehensive income:
Net income (loss)	(1,966)	1,656
Other comprehensive loss:
Unrealized gains (losses) on derivative instruments, net of income tax	(57)	(33)
Unrealized investment gains (losses), net of related offsets and income tax	4,472	(3,759)
Foreign currency translation adjustments, net of income tax	(6)	77
Defined benefit plans adjustment, net of income tax	79
Other comprehensive loss	4,488	(3,715)
Comprehensive loss	2,522	(2,059)
Ending Balance	27,612	34,204
Adjustment
Beginning Balance		37,002
Adjustment | Total MetLife, Inc.'s Stockholders' Equity
Beginning Balance		35,196
Adjustment | Retained Earnings
Beginning Balance		19,911
Adjustment | Accumulated Other Comprehensive Loss Net Unrealized Investment Gains (Losses)
Beginning Balance		961
Common Stock
Beginning Balance	8	8
Total MetLife, Inc.'s Stockholders' Equity
Beginning Balance	23,734	35,179
Cumulative effect of changes in accounting principles, net of income tax		17
Common stock issuance - newly issued shares	1,035
Treasury stock transactions, net	35	(749)
Deferral of stock-based compensation	1	141
Dividends on preferred stock	(61)	(64)
Comprehensive income:
Net income (loss)	(1,946)	1,594
Other comprehensive loss:
Unrealized gains (losses) on derivative instruments, net of income tax	(57)	(33)
Unrealized investment gains (losses), net of related offsets and income tax	4,479	(3,624)
Foreign currency translation adjustments, net of income tax	(6)	80
Defined benefit plans adjustment, net of income tax	79
Other comprehensive loss	4,495	(3,577)
Comprehensive loss	2,549	(1,983)
Ending Balance	27,293	32,541
Preferred Stock
Beginning Balance	1	1
Additional Paid-in Capital
Beginning Balance	15,811	17,098
Common stock issuance - newly issued shares	1,035
Treasury stock transactions, net	2	408
Deferral of stock-based compensation	1	141
Other comprehensive loss:
Ending Balance	16,849	17,647
Treasury Stock at Cost
Beginning Balance	(236)	(2,890)
Treasury stock transactions, net	33	(1,157)
Other comprehensive loss:
Ending Balance	(203)	(4,047)
Retained Earnings
Beginning Balance	22,403	19,884
Cumulative effect of changes in accounting principles, net of income tax	76	27
Dividends on preferred stock	(61)	(64)
Comprehensive income:
Net income (loss)	(1,946)	1,594
Other comprehensive loss:
Ending Balance	20,472	21,441
Accumulated Other Comprehensive Loss Other Than Temporary Impairments Member
Beginning Balance	0
Cumulative effect of changes in accounting principles, net of income tax	(76)
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax	(145)
Ending Balance	(221)
Accumulated Other Comprehensive Loss Net Unrealized Investment Gains (Losses)
Beginning Balance	(12,564)	971
Cumulative effect of changes in accounting principles, net of income tax		(10)
Other comprehensive loss:
Unrealized gains (losses) on derivative instruments, net of income tax	(57)	(33)
Unrealized investment gains (losses), net of related offsets and income tax	4,624	(3,624)
Ending Balance	(7,997)	(2,696)
Accumulated Other Comprehensive Loss Foreign Currency Translation Adjustments
Beginning Balance	(246)	347
Other comprehensive loss:
Foreign currency translation adjustments, net of income tax	(6)	80
Ending Balance	(252)	427
Accumulated Other Comprehensive Loss Defined Benefit Plans Adjustment
Beginning Balance	(1,443)	(240)
Other comprehensive loss:
Defined benefit plans adjustment, net of income tax	79
Ending Balance	(1,364)
Discontinued Operations Member
Beginning Balance		1,534
Dividends on subsidiary common stock		(16)
Change in equity of noncontrolling interests		14
Comprehensive income:
Net income (loss)		71
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax		(128)
Foreign currency translation adjustments, net of income tax		(3)
Other comprehensive loss		(131)
Comprehensive loss		(60)
Ending Balance		1,472
Continuing Operations Member
Beginning Balance		272
Change in equity of noncontrolling interests		(65)
Comprehensive income:
Net income (loss)		(9)
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax		(7)
Other comprehensive loss		(7)
Comprehensive loss		(16)
Ending Balance		191
Noncontrolling Interests
Beginning Balance	251
Change in equity of noncontrolling interests	95
Comprehensive income:
Net income (loss)	(20)
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax	(7)
Other comprehensive loss	(7)
Comprehensive loss	(27)
Ending Balance	$319

4_Interim Condensed Consolidate

Interim Condensed Consolidated Statements of Cash Flows (USD $)
In Millions	3 Months Ended Jun. 30, 2009	3 Months Ended Jun. 30, 2008	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Cash flows from operating activities
Net income (loss)	($1,418)	$996	($1,966)	$1,656
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation and amortization expenses			259	334
Amortization of premiums and accretion of discounts associated with investments, net			(287)	(526)
Loss from sales of investments and businesses, net			4,687	1,226
Undistributed equity earnings of real estate joint ventures and other limited partnership interests			857	(66)
Interest credited to policyholder account balances			2,400	2,576
Interest credited to bank deposits			84	84
Universal life and investment-type product policy fees			(2,413)	(2,838)
Change in accrued investment income			43	309
Change in premiums and other receivables			(997)	(569)
Change in deferred policy acquisition costs, net			(914)	(643)
Change in insurance-related liabilities			2,434	2,727
Change in trading securities			(459)	(167)
Change in residential mortgage loans held-for-sale, net			(2,291)	0
Change in mortgage servicing rights			(479)	0
Change in income tax payable			(1,675)	243
Change in other assets			(463)	904
Change in other liabilities			(96)	157
Other, net			49	11
Net cash (used in) provided by operating activities			(1,227)	5,418
Cash flows from investing activities
Sales, maturities and repayments of fixed maturity securities			31,711	46,828
Sales, maturities and repayments of equity securities			1,154	786
Sales, maturities and repayments of mortgage and consumer loans			3,015	3,066
Sales, maturities and repayments of real estate and real estate joint ventures			7	119
Sales, maturities and repayments of other limited partnership interests			640	380
Purchases of fixed maturity securities			(47,052)	(52,188)
Purchases equity securities			(1,102)	(705)
Purchases of mortgage and consumer loans			(2,076)	(5,205)
Purchases of real estate and real estate joint ventures			(213)	(622)
Purchases of other limited partnership interests			(413)	(880)
Net change in short-term investments			5,761	684
Net change in other invested assets			(59)	(1,013)
Net change in policy loans			(105)	(345)
Purchases of businesses, net of cash received of $0 and $44, respectively			0	(350)
Sales of businesses, net of cash disposed of $180 and $0, respectively			(46)	(4)
Other, net			(103)	(74)
Net cash used in investing activities			(8,881)	(9,523)
Cash flows from financing activities
Policyholder account balances deposits			62,300	29,146
Policyholder account balances withdrawls			(62,086)	(23,082)
Net change in short-term debt			2,098	(44)
Long-term debt issued			2,225	117
Long-term debt repaid			(134)	(66)
Collateral financing arrangements issued			105	115
Cash received in connection with collateral financing arrangement			400	0
Cash paid in connection with collateral financing arrangement			(400)	0
Junior subordinated debt securities issued			0	750
Debt issuance costs			(17)	(9)
Net change in payables for collateral under securities loaned and other transactions			(6,452)	1,843
Stock options exercised			1	31
Common stock issued to settle stock forward contracts			1,035	0
Treasury stock acquired			0	(1,250)
Dividends on preferred stock			(61)	(64)
Other, net			(16)	8
Net cash (used in) provided by financing activities			(1,002)	7,495
Effect of change in foreign currency exchange rates on cash balances			84	57
Change in cash and cash equivalents			(11,026)	3,447
Cash and cash equivalents, beginning of period			24,239	10,368
Cash and cash equivalents, end of period	13,213	13,815	13,213	13,815
Cash and cash equivalents, subsidiaries held-for-sale, beginning of period			32	407
Cash and cash equivalents, subsidiaries held-for-sale, end of period	0	401	0	401
Cash and cash equivalents, from continuing operations, beginning of period			24,207	9,961
Cash and cash equivalents, from continuing operations, end of period	13,213	13,414	13,213	13,414
Supplemental disclosures of cash flow information:
Net cash paid during the period for Interest			475	572
Net cash paid during the period for Income tax			195	315
Non-cash transactions during the period:
Business acquisitions Assets acquired			0	1,411
Business acquisitions Cash paid			0	(394)
Business acquisitions Liabilities assumed			0	(1,017)
Business disposition:
Assets disposed			841	0
Less: liabilities disposed			740	0
Net assets disposed			101	0
Less: cash disposed			180	0
Business disposition, net of cash disposed			(79)	0
Remarketing of debt securities:
Fixed maturity securities redeemed			32	0
Long-term debt issued			1,035	0
Junior subordinated debt securities redeemed			1,067	0
Real estate and real estate joint ventures acquired in satisfaction of debt			$172	$0

5_Interim Condensed Consolidate

Interim Condensed Consolidated Statements of Cash Flows (Parenthetical) (USD $)
In Millions	6 Months Ended Jun. 30, 2009	6 Months Ended Jun. 30, 2008
Cash received from purchase of business	$0	$44
Cash disposed from sale of business	$180	$0

Business, Basis of Presentation

Business, Basis of Presentation, and Summary of Significant Accounting Policies
	6 Months Ended Jun. 30, 2009 USD / shares
Business, Basis of Presentation, and Summary of Significant Accounting Policies [Abstract]
Business, Basis of Presentation, and Summary of Significant Accounting Policies	1. Business, Basis of Presentation, and Summary of Significant Accounting Policies Business MetLife or the Company refers to MetLife, Inc., a Delaware corporation incorporated in 1999 (the Holding Company), and its subsidiaries, including Metropolitan Life Insurance Company (MLIC). MetLife is a leading provider of insurance, employee benefits and financial services with operations throughout the United States and the Latin America, Europe, and Asia Pacific regions. Through its subsidiaries and affiliates, MetLife offers life insurance, annuities, auto and home insurance, retail banking and other financial services to individuals, as well as group insurance and retirement savings products and services to corporations and other institutions. Basis of Presentation The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to adopt accounting policies and make estimates and assumptions that affect amounts reported in the interim condensed consolidated financial statements. The most critical estimates include those used in determining: (i) the estimated fair value of investments in the absence of quoted market values; (ii) investment impairments; (iii) the recognition of income on certain investment entities; (iv) the application of the consolidation rules to certain investments; (v) the existence and estimated fair value of embedded derivatives requiring bifurcation; (vi) the estimated fair value of and accounting for derivatives; (vii) the capitalization and amortization of deferred policy acquisition costs (DAC) and the establishment and amortization of value of business acquired (VOBA); (viii) the measurement of goodwill and related impairment, if any; (ix) the liability for future policyholder benefits; (x) accounting for income taxes and the valuation of deferred income tax assets; (xi) accounting for reinsurance transactions; (xii) accounting for employee benefit plans;and (xiii) the liability for litigation and regulatory matters. In applying the Companys accounting policies, management makes subjective and complex judgments that frequently require estimates about matters that are inherently uncertain. Many of these policies, estimates and related judgments are common in the insurance and financial services industries; others are specific to the Companys businesses and operations. Actual results could differ from these estimates. The accompanying interim condensed consolidated financial statements include the accounts of the Holding Company and its subsidiaries as well as partnerships and joint ventures in which the Company has control. Closed block assets, liabilities, revenues and expenses are combined on a line-by-line basis with the assets, liabilities, revenues and expenses outside the closed block based on the nature of the particular item. See Note8. Intercompany accounts and transactions have been eliminated. In addition, the Company has

Acquisitions and Dispositions

Acquisitions and Dispositions
	6 Months Ended Jun. 30, 2009 USD / shares
Acquisitions and Dispositions [Abstract]
Acquisitions and Dispositions	2. Acquisitions and Dispositions Disposition of Texas Life Insurance Company On March2, 2009, the Company sold Cova Corporation (Cova), the parent company of Texas Life Insurance Company (Texas Life) to a third party for $134million in cash consideration, excluding $1million of transaction costs. The net assets sold were $101million, resulting in a gain on disposal of $32million, net of income tax. The Company also reclassified $4million, net of income tax, of the 2009 operations of Texas Life into discontinued operations in the consolidated financial statements. As a result, the Company recognized income from discontinued operations of $36million, net of income tax, during the first quarter of 2009. See also Note17.

Investments

Investments
	6 Months Ended Jun. 30, 2009 USD / shares
Investment [Abstract]
Investments	3. Investments Fixed Maturity and Equity Securities Available-for-Sale The following tables present the cost or amortized cost, gross unrealized gain and loss, estimated fair value of the Companys fixed maturity and equity securities, and the percentage that each sector represents by the respective total holdings for the periods shown. The unrealized loss amounts presented below at June30, 2009 include the noncredit loss component of OTTI loss: June30, 2009 Cost or Gross Unrealized Estimated Amortized Temporary OTTI Fair % of Cost Gain Loss Loss Value Total (In millions) U.S. corporate securities $ 70,682 $ 1,350 $ 6,016 $ 35 $ 65,981 31.2 % Residential mortgage-backed securities 44,834 1,078 3,913 201 41,798 19.8 Foreign corporate securities 35,817 976 3,177 9 33,607 15.9 U.S. Treasury, agency and government guaranteed securities (1) 27,277 1,053 657 27,673 13.1 Commercial mortgage-backed securities 16,354 75 2,410 24 13,995 6.6 Asset-backed securities 14,619 97 2,206 96 12,414 5.8 Foreign government securities 9,987 834 261 10,560 5.0 State and political subdivision securities 5,905 119 507 5,517 2.6 Other fixed maturity securities 19 1 18 Total fixed maturity securities (2), (3) $ 225,494 $ 5,582 $ 19,148 $ 365 $ 211,563 100.0 % Common stock $ 1,730 $ 59 $ 71 $ $ 1,718 56.4 % Non-redeemable preferred stock (2) 1,949 28 650 1,327 43.6 Total equity securities $ 3,679 $ 87 $ 721 $ $ 3,045 100.0 % December31, 2008 Cost or Estimated Amortized Gross Unrealized Fair % of Cost Gain Loss Value Total (In millions) U.S. corporate securities $ 72,211 $ 994 $ 9,902 $ 63,303 33.6 % Residential mortgage-backed securities 39,995 753

Derivative Financial Instrument

Derivative Financial Instruments
	6 Months Ended Jun. 30, 2009 USD / shares
Derivative Financial Instruments [Abstract]
Derivative Financial Instruments	4. Derivative Financial Instruments Accounting for Derivative Financial Instruments Derivatives are financial instruments whose values are derived from interest rates, foreign currency exchange rates, or other financial indices. Derivatives may be exchange-traded or contracted in the over-the-counter market. The Company uses a variety of derivatives, including swaps, forwards, futures and option contracts, to manage the risk associated with variability in cash flows or changes in estimated fair values related to the Companys financial instruments. The Company also uses derivative instruments to hedge its currency exposure associated with net investments in certain foreign operations. To a lesser extent, the Company uses credit derivatives, such as credit default swaps, to synthetically replicate investment risks and returns which are not readily available in the cash market. The Company also purchases certain securities, issues certain insurance policies and investment contracts and engages in certain reinsurance contracts that have embedded derivatives. Freestanding derivatives are carried on the Companys consolidated balance sheet either as assets within other invested assets or as liabilities within other liabilities at estimated fair value as determined through the use of quoted market prices for exchange-traded derivatives and interest rate forwards to sell residential mortgage backed securities or through the use of pricing models for over-the-counter derivatives. The determination of estimated fair value, when quoted market values are not available, is based on market standard valuation methodologies and inputs that are assumed to be consistent with what other market participants would use when pricing the instruments. Derivative valuations can be affected by changes in interest rates, foreign currency exchange rates, financial indices, credit spreads, default risk (including the counterparties to the contract), volatility, liquidity and changes in estimates and assumptions used in the pricing models. The significant inputs to the pricing models for most over-the-counter derivatives are inputs that are observable in the market or can be derived principally from or corroborated by observable market data. Significant inputs that are observable generally include: interest rates, foreign currency exchange rates, interest rate curves, credit curves and volatility. However, certain over-the-counter derivatives may rely on inputs that are significant to the estimated fair value that are not observable in the market or cannot be derived principally from or corroborated by observable market data. Significant inputs that are unobservable generally include: independent broker quotes, credit correlation assumptions, references to emerging market currencies and inputs that are outside the observable portion of the interest rate curve, credit curve, volatility or other relevant market measure. These unobservable inputs may involve significant management judgment or estimation. Even though unobservable, these inputs are based on assumptions deemed appropriate given the circumstances and consistent with what other m

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs and Value of Business Acquired
	6 Months Ended Jun. 30, 2009 USD / shares
Deferred Policy Acquisition Costs And Value Of Business Acquired Disclosure [Abstract]
Deferred Policy Acquisition Costs and Value of Business Acquired	5. Deferred Policy Acquisition Costs and Value of Business Acquired Information regarding DAC and VOBA at June30, 2009 and December31, 2008 is as follows: DAC VOBA Total (In millions) Balance, beginning of period $ 16,653 $ 3,491 $ 20,144 Capitalizations 1,543 1,543 Subtotal 18,196 3,491 21,687 Less: Amortization related to: Net investment gains (losses) (385 ) (56 ) (441 ) Other expenses 927 150 1,077 Total amortization 542 94 636 Less: Unrealized investment gains (losses) 568 233 801 Less: Other (31 ) (42 ) (73 ) Balance, end of period $ 17,117 $ 3,206 $ 20,323 The estimated future amortization expense allocated to other expenses for the next five years for VOBA is $337million in 2009, $353million in 2010, $322million in 2011, $289million in 2012, and $250million in 2013.For the six months ended June30, 2009, $150million has been amortized resulting in $187million estimated to be amortized for the remainder of 2009. Amortization of VOBA and DAC is attributed to both investment gains and losses and other expenses which are the amount of gross margins or profits originating from transactions other than investment gains and losses. Unrealized investment gains and losses provide information regarding the amount of DAC and VOBA that would have been amortized if such gains and losses had been recognized. Information regarding DAC and VOBA by segment and reporting unit is as follows: DAC VOBA Total June30, 2009 December31, 2008 June30, 2009 December31, 2008 June30, 2009 December31, 2008 (In millions) Institutional: Group life $ 68 $ 74 $ 5 $ 9 $ 73 $ 83 Retirement savings 32 31 1 1 33 32 Non-medical health other 921 898 921 898 Subtotal 1,021 1,003 6 10 1,027 1,013 Individual: Traditional life 5,624 5,813 111 154 5,735 5,967 Variable universal life 3,623 3,682 961 968 4,584 4,650 Annuities

Goodwill

Goodwill
	6 Months Ended Jun. 30, 2009 USD / shares
Goodwill [Abstract]
Goodwill	6. Goodwill Goodwill is the excess of cost over the estimated fair value of net assets acquired. Information regarding goodwill is as follows: June30, 2009 (In millions) Balance, beginning of period $ 5,008 Other, net (1) 28 Balance, end of period $ 5,036 (1) Consisting principally of foreign currency translation adjustments. Information regarding goodwill by segment and reporting unit is as follows: June30, 2009 December31, 2008 (In millions) Institutional: Group life $ 15 $ 15 Retirement savings 887 887 Non-medical health other 149 149 Subtotal 1,051 1,051 Individual: Traditional life 73 73 Variable universal life 1,172 1,174 Annuities 1,692 1,692 Other 18 18 Subtotal 2,955 2,957 International: Latin America region 205 184 European region 41 37 Asia Pacific region 157 152 Subtotal 403 373 Auto Home 157 157 Corporate Other (1) 470 470 Total $ 5,036 $ 5,008 (1) The allocation of the goodwill to the reporting units was performed at the time of the respective acquisition. The $470million of goodwill within Corporate Other relates to goodwill acquired as a part of the Travelers acquisition of $405million, as well as acquisitions by MetLife Bank, National Association (MetLife Bank) which resides within Corporate Other. For purposes of goodwill impairment testing at March31, 2009 and December31, 2008, the $405million of Corporate Other goodwill has been attributed to the Individual and Institutional segment reporting units. The Individual segment was attributed $210million (traditional life $23million, variable universal life $11million and annuities $176million), and the Institutional segment was attributed $195million (group life $2million, retirement savings $186million, and non-medical health other $7million) at both March31, 2009 and December31, 2008. The Company performs its annual goodwill impairment tests during the third quarter based upon data at June30thand more frequently if events or circumstances, such as adverse changes in the business climate, indicate that there may be justification for conducting an interim test. In performing its goodwill impairment tests, when management believes meaningful comparable market data are available, the estimated fair values of the reporting units are determined using a market multiple approach. When relevant comparables are not available, the Company uses

Insurance

Insurance
	6 Months Ended Jun. 30, 2009 USD / shares
Insurance [Abstract]
Insurance	7. Insurance Insurance Liabilities Insurance liabilities are as follows: Future Policy Benefits Policyholder Account Balances Other Policyholder Funds June30, 2009 December31, 2008 June30, 2009 December31, 2008 June30, 2009 December31, 2008 (In millions) Institutional: Group life $ 3,370 $ 3,346 $ 14,517 $ 14,044 $ 2,713 $ 2,532 Retirement savings 40,288 40,320 53,320 60,787 29 58 Non-medical health other 12,078 11,619 501 501 603 609 Individual: Traditional life 53,435 52,968 1 1 1,545 1,423 Variable universal life 1,288 1,129 15,403 15,062 1,432 1,452 Annuities 3,855 3,655 47,373 44,282 99 88 Other 6 2 2,783 2,524 1 1 International 10,200 9,241 6,123 5,654 1,462 1,227 Auto Home 3,011 3,083 46 43 Corporate Other 5,292 5,192 7,862 6,950 389 329 Total $ 132,823 $ 130,555 $ 147,883 $ 149,805 $ 8,319 $ 7,762 Guarantees The Company issues annuity contracts which may include contractual guarantees to the contractholder for: (i)return of no less than total deposits made to the contract less any partial withdrawals (return of net deposits); and (ii)the highest contract value on a specified anniversary date minus any withdrawals following the contract anniversary, or total deposits made to the contract less any partial withdrawals plus a minimum return (anniversary contract value or minimum return). The Company also issues annuity contracts that apply a lower rate of funds deposited if the contractholder elects to surrender the contract for cash and a higher rate if the contractholder elects to annuitize (two tier annuities). These guarantees include benefits that are payable in the event of death or at annuitization. The Company also issues universal and variable life contracts where the Company contractually guarantees to the contractholder a secondary guarantee or a guaranteed paid-up benefit. Information regarding the types of guarantees relating to annuity contracts and universal and variable life contracts is as follows: June30, 2009 December31, 2008 In the At In the At Eve

Closed Block

Closed Block
	6 Months Ended Jun. 30, 2009 USD / shares
Closed Block [Abstract]
Closed Block	8. Closed Block On April7, 2000 (the Demutualization Date), MLIC converted from a mutual life insurance company to a stock life insurance company and became a wholly-owned subsidiary of MetLife, Inc. The conversion was pursuant to an order by the New York Superintendent of Insurance approving MLICs plan of reorganization, as amended (the Plan). On the Demutualization Date, MLIC established a closed block for the benefit of holders of certain individual life insurance policies of MLIC. Recent experience within the closed block, in particular mortality and investment yields, as well as realized and unrealized losses, has resulted in a policyholder dividend obligation of zero at both June30, 2009 and December31, 2008. The policyholder dividend obligation of zero and the Companys decision to revise the expected policyholder dividend scales, which are based upon statutory results, has resulted in reduction to both actual and expected cumulative earnings of the closed block. Amortization of the closed block DAC, which resides outside of the closed block, will be based upon actual cumulative earnings rather than expected cumulative earnings of the closed block until such time as the actual cumulative earnings of the closed block exceed the expected cumulative earnings, at which time the policyholder dividend obligation will be reestablished. Actual cumulative earnings less than expected cumulative earnings will result in future adjustments to DAC and net income of the Company and increase sensitivity of the Companys net income to movements in closed block results. Information regarding the closed block liabilities and assets designated to the closed block is as follows: June30, 2009 December31, 2008 (In millions) Closed Block Liabilities Future policy benefits $ 43,451 $ 43,520 Other policyholder funds 300 315 Policyholder dividends payable 749 711 Payables for collateral under securities loaned and other transactions 2,365 2,852 Other liabilities 498 254 Total closed block liabilities 47,363 47,652 Assets Designated to the Closed Block Investments: Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $27,924 and $27,947, respectively) 26,497 26,205 Equity securities available-for-sale, at estimated fair value (cost: $259 and $280, respectively) 229 210 Mortgage loans 7,068 7,243 Policy loans 4,476 4,426 Real estate and real estate joint ventures held-for-investment 358 381 Short-term investments 52 Other invested assets 678 952 Total investments 39,306 39,469 Cash and cash equivalents 517 262 Accrued investment income 467 484

Long term and Short term Debt

Long term and Short term Debt
	6 Months Ended Jun. 30, 2009 USD / shares
Long Term And Short Term Debt [Abstract]
Long-term and Short-term Debt	9. Long-term and Short-term Debt The following represent significant changes in debt from the amounts reported in Note10 of the Notes to the Consolidated Financial Statements included in the 2008 Annual Report. Senior Notes On May29, 2009, the Holding Company issued $1,250million senior notes due June1, 2016. The notes bear interest at a fixed rate of 6.75%, payable semiannually. In connection with the offering, the Holding Company incurred $6million of issuance costs which have been capitalized and included in other assets. These costs are being amortized over the term of the notes. On March26, 2009, the Holding Company issued $397million aggregate principal amount of floating rate senior notes due June29, 2012 under the FDIC Program. The notes bear interest at a rate equal to three-month LIBOR, reset quarterly, plus 0.32%. The notes are not redeemable prior to their maturity. In connection with the offering, the Holding Company incurred $15million of issuance costs which have been capitalized and included in other assets. These costs are being amortized over the term of the notes. On February17, 2009, the Holding Company closed the successful remarketing of the $1,035million SeriesB portion of the junior subordinated debt securities constituting part of its common equity units issued in June 2005. The common equity units consisted of a debt security and a stock purchase contract under which the holders of the units would be required to purchase common stock. The remarketing of the SeriesA portion of the junior subordinated debt securities and the associated stock purchase contract settlement occurred in August 2008. In the February 2009 remarketing, the SeriesB junior subordinated debt securities were modified, as permitted by their terms, to be 7.717%senior debt securities SeriesB, due February15, 2019. The Holding Company did not receive any proceeds from the remarketing. Most common equity unit holders chose to have their junior subordinated debt securities remarketed and used the remarketing proceeds to settle their payment obligations under the stock purchase contracts. For those common equity unit holders that elected not to participate in the remarketing and elected to use their own cash to satisfy the payment obligations under the stock purchase contracts, the terms of the debt they received are the same as the terms of the remarketed debt. The subsequent settlement of the stock purchase contracts provided proceeds to the Holding Company of $1,035million in exchange for shares of the Holding Companys common stock. The Holding Company delivered 24,343,154shares of its newly issued common stock to settle the stock purchase contracts on February17, 2009. Repurchase Agreements with the Federal Home Loan Bank of New York MetLife Bank is a member of the FHLB of NY and holds $187million and $89million of common stock of the FHLB of NY at June30, 2009 and December31, 2008, respectively, which is included in equity securities. MetLife Bank has also entered into repurchase agreements with the FHLB of NY whereby MetLife Bank has issued repurchase agreements in exchange for cash and for whic

Collateral Financing Arrangemen

Collateral Financing Arrangements
	6 Months Ended Jun. 30, 2009 USD / shares
Collateral Financing Arrangements [Abstract]
Collateral Financing Arrangements	10. Collateral Financing Arrangements Associated with the Closed Block In December 2007, MLIC reinsured a portion of its closed block liabilities to MetLife Reinsurance Company of Charleston (MRC), a wholly-owned subsidiary of the Company. In connection with this transaction, MRC issued to investors, placed by an unaffiliated financial institution, a $2.5billion, 35-year surplus note to provide statutory reserve support for the assumed closed block liabilities. Interest on the surplus note accrues at an annual rate of 3-month LIBOR plus 0.55%, payable quarterly. The ability of MRC to make interest and principal payments on the surplus note is contingent upon South Carolina regulatory approval. At both June30, 2009 and December31, 2008, the amount of the surplus note outstanding was $2.5billion. Simultaneous with the issuance of the surplus note, the Holding Company entered into an agreement with the unaffiliated financial institution, under which the Holding Company is entitled to the interest paid by MRC on the surplus note of 3-month LIBOR plus 0.55% in exchange for the payment of 3-month LIBOR plus 1.12%, payable quarterly on such amount as adjusted, as described below. Under this agreement, the Holding Company may also be required to pledge collateral or make payments to the unaffiliated financial institution related to any decline in the estimated fair value of the surplus note. Any such payments would be accounted for as a receivable and included under other assets on the Companys consolidated financial statements and would not reduce the principal amount outstanding of the surplus note. Such payments would reduce the amount of interest payments due from the Holding Company under the agreement. At December31, 2008, the Company had paid $800million to the unaffiliated financial institution related to the decline in the estimated fair value of the surplus note. In April 2009, the Holding Company paid an additional $400million to the unaffiliated financial institution as a result of the continued decline in the estimated fair value of the surplus note. In June 2009, the Holding Company received $400million from the unaffiliated financial institution as a result of the increase in the estimated fair value of the surplus note since April 2009. In addition, the Holding Company had pledged collateral with an estimated fair value of $48million and $230million to the unaffiliated financial institution at June30, 2009 and December31, 2008, respectively. In addition, the Holding Company may also be required to make a payment to the unaffiliated financial institution in connection with any early termination of this agreement. A majority of the proceeds from the offering of the surplus note was placed in trust, which is consolidated by the Company, to support MRCs statutory obligations associated with the assumed closed block liabilities. At June30, 2009 and December31, 2008, the estimated fair value of assets held in trust by the Company was $2.3billion and $2.1billion, respectively. The assets are principally invested in fixed maturity securities and are presented as such within the Companys interim condens

Contingencies, Commitments and

Contingencies, Commitments and Guarantees
	6 Months Ended Jun. 30, 2009 USD / shares
Contingencies, Commitments and Guarantees [Abstract]
Contingencies, Commitments and Guarantees	11. Contingencies, Commitments and Guarantees Contingencies Litigation The Company is a defendant in a large number of litigation matters. In some of the matters, very large and/or indeterminate amounts, including punitive and treble damages, are sought. Modern pleading practice in the United States permits considerable variation in the assertion of monetary damages or other relief. Jurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction of the trial court. In addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction for similar matters. This variability in pleadings, together with the actual experience of the Company in litigating or resolving through settlement numerous claims over an extended period of time, demonstrate to management that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value. Thus, unless stated below, the specific monetary relief sought is not noted. Due to the vagaries of litigation, the outcome of a litigation matter and the amount or range of potential loss at particular points in time may normally be inherently impossible to ascertain with any degree of certainty. Inherent uncertainties can include how fact finders will view individually and in their totality documentary evidence, the credibility and effectiveness of witnesses testimony, and how trial and appellate courts will apply the law in the context of the pleadings or evidence presented, whether by motion practice, or at trial or on appeal. Disposition valuations are also subject to the uncertainty of how opposing parties and their counsel will themselves view the relevant evidence and applicable law. On a quarterly and annual basis, the Company reviews relevant information with respect to litigation and contingencies to be reflected in the Companys consolidated financial statements. The review includes senior legal and financial personnel. Unless stated below, estimates of possible losses or ranges of loss for particular matters cannot in the ordinary course be made with a reasonable degree of certainty. Liabilities are established when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. Liabilities have been established for a number of the matters noted below. It is possible that some of the matters could require the Company to pay damages or make other expenditures or establish accruals in amounts that could not be estimated at June30, 2009. Demutualization Actions Several lawsuits were brought in 2000 challenging the fairness of the Plan and the adequacy and accuracy of MLICs disclosure to policyholders regarding the Plan. The actions discussed below name as defendants some or all of MLIC, the Holding Company, and individual directors. MLIC, the Holding Company, and the individual directors believe they have meritorious defenses to the plaintiffs claims and are contesting vigorousl

Employee Benefit Plans

Employee Benefit Plans
	6 Months Ended Jun. 30, 2009 USD / shares
Employee Benefit Plans [Abstract]
Employee Benefit Plans	12. Employee Benefit Plans Pension and Other Postretirement Benefit Plans Certain subsidiaries of the Holding Company (the Subsidiaries) sponsor and/or administer various qualified and non-qualified defined benefit pension plans and other postretirement employee benefit plans covering employees and sales representatives who meet specified eligibility requirements. The Subsidiaries also provide certain postemployment benefits and certain postretirement medical and life insurance benefits for retired employees. The Subsidiaries have issued group annuity and life insurance contracts supporting approximately 99% of all pension and postretirement employee benefit plan assets sponsored by the Subsidiaries. A December 31 measurement date is used for all of the Subsidiaries defined benefit pension and other postretirement benefit plans. The components of net periodic benefit cost were as follows: Other Pension Benefits Postretirement Benefits Three Months Six Months Three Months Six Months Ended Ended Ended Ended June30, June30, June30, June30, 2009 2008 2009 2008 2009 2008 2009 2008 (In millions) Service cost $ 43 $ 40 $ 86 $ 82 $ 5 $ 4 $ 11 $ 10 Interest cost 98 94 198 191 31 26 63 52 Expected return on plan assets (108 ) (130 ) (220 ) (263 ) (18 ) (21 ) (37 ) (44 ) Amortization of prior service cost (credit) 2 4 4 8 (9 ) (9 ) (18 ) (18 ) Amortization of net actuarial (gains) losses 56 6 113 11 11 21 Net periodic benefit cost $ 91 $ 14 $ 181 $ 29 $ 20 $ $ 40 $ The components of net periodic benefit cost amortized from accumulated other comprehensive loss were as follows: Other Pension Benefits Postretirement Benefits Three Months Six Months Three Months Six Months Ended Ended Ended Ended June30, June30, June30, June30, 2009 2008 2009 2008 2009 2008 2009 2008 (In millions) Amortization of prior service cost (credit) $ 2 $ 4 $ 4 $ 8 $ (9 ) $ (9

Equity

Equity
	6 Months Ended Jun. 30, 2009 USD / shares
Equity Disclosure [Abstract]
Equity	13. Equity Preferred Stock Information on the declaration, record and payment dates, as well as per share and aggregate dividend amounts, for the Preferred Shares is as follows: Dividend Series A Series A Series B Series B Declaration Date Record Date Payment Date Per Share Aggregate Per Share Aggregate (In millions, except per share data) May15, 2009 May 31, 2009 June 15, 2009 $ 0.2555555 $ 7 $ 0.4062500 $ 24 March5, 2009 February 28, 2009 March 16, 2009 $ 0.2500000 $ 6 $ 0.4062500 $ 24 $ 13 $ 48 May15, 2008 May 31, 2008 June 16, 2008 $ 0.2555555 $ 7 $ 0.4062500 $ 24 March5, 2008 February 29, 2008 March 17, 2008 $ 0.3785745 $ 9 $ 0.4062500 $ 24 $ 16 $ 48 Common Stock Repurchases At June30, 2009, the Company had $1,261million remaining under its common stock repurchase program authorizations. In April 2008, the Companys Board of Directors authorized a $1billion common stock repurchase program, which will begin after the completion of the January 2008 $1billion common stock repurchase program, of which $261million remained outstanding at June30, 2009. Under these authorizations, the Company may purchase its common stock from the MetLife Policyholder Trust, in the open market (including pursuant to the terms of a pre-set trading plan meeting the requirements of Rule10b5-1 under the Exchange Act) and in privately negotiated transactions. The Company does not intend to make any purchases under the common stock repurchase programs in 2009. Issuances As described in Note9, the Company delivered 24,343,154shares of newly issued common stock on February17, 2009 with proceeds of $1,035million to settle the remaining stock purchase contracts issued as part of the common equity units sold in June 2005. During the three months and six months ended June30, 2009, 500,001shares and 614,047shares of common stock were issued from treasury stock for $27million and $33million, respectively. Dividends Future common stock dividend decisions will be determined by the Holding Companys Board of Directors after taking into consideration factors such as the Companys current earnings, expected medium- and long-term earnings, financial condition, regulatory capital position, and applicable governmental regulations and policies. Stock-Based Compensation Plans Description of Plans The MetLife, Inc. 2000 Stock Incentive Plan, as amended (the Stock Incentive Plan), authorized the granting of awards in the form

Other Expenses

Other Expenses
	6 Months Ended Jun. 30, 2009 USD / shares
Other Expenses Disclosure [Abstract]
Other Expenses	14. Other Expenses Information on other expenses is as follows: Three Months Six Months Ended Ended June30, June30, 2009 2008 2009 2008 (In millions) Compensation $ 1,045 $ 894 $ 1,993 $ 1,744 Commissions 867 843 1,723 1,693 Interest and debt issue costs 260 269 515 557 Amortization of DAC and VOBA (293 ) 504 636 1,082 Capitalization of DAC (757 ) (775 ) (1,543 ) (1,536 ) Rent, net of sublease income 103 110 216 216 Insurance tax 143 128 268 251 Other (1) 663 634 1,225 1,147 Total other expenses $ 2,031 $ 2,607 $ 5,033 $ 5,154 (1) Restructuring Charges In September 2008, the Company began an enterprise-wide cost reduction and revenue enhancement initiative which is expected to be fully implemented by December31, 2010. This initiative is focused on reducing complexity, leveraging scale, increasing productivity, and improving the effectiveness of the Companys operations, as well as providing a foundation for future growth. At June30, 2009 and December31, 2008, the Company had a liability for severance-related restructuring costs of $36million and $86million, respectively. Restructuring charges incurred in connection with this enterprise-wide initiative during the three months and six months ended June30, 2009 were $16million and $37million, respectively, and are included in other expense. As the expenses relate to an enterprise-wide initiative, they were incurred within Corporate Other. Estimated restructuring costs may change as management continues to execute its restructuring plans. Restructuring charges associated with this enterprise-wide initiative were as follows: Three Months Six Months Ended Ended June30, 2009 June30, 2009 (In millions) Balance, beginning of period $ 39 $ 86 Severance charges 16 38 Change in severance charge estimates (1 ) Cash payments (19 ) (87 ) Balance, end of period $ 36 $ 36 Restructuring charges incurred in current period $ 16 $ 37 Total restructuring charges incurred since inception of program $ 138 $ 138 Management anticipates further restructuring charges including severance, lease and asset impairments will be incurred during the years ended December31, 2009 and 2010. However, such restructuring plans are not sufficientl

Earnings Per Common Share

Earnings Per Common Share
	6 Months Ended Jun. 30, 2009 USD / shares
Earnings Per Common Share [Abstract]
Earnings Per Common Share	15. Earnings Per Common Share The following table presents the weighted average shares used in calculating basic earnings per common share and those used in calculating diluted earnings per common share for each income category presented below: Three Months Six Months Ended Ended June30, June30, 2009 2008 2009 2008 (In millions, except share and per common share data) Weighted Average Shares: Weighted average common stock outstanding for basic earnings per common share 821,594,380 712,837,796 815,068,638 716,011,791 Incremental common shares from assumed: Stock purchase contracts underlying common equity units (1) 4,334,366 3,966,168 Exercise or issuance of stock-based awards 3,505,464 9,362,352 2,592,460 8,874,825 Weighted average common stock outstanding for diluted earnings per common share 825,099,844 726,534,514 817,661,098 728,852,784 Income (Loss) from Continuing Operations: Income (loss) from continuing operations, net of income tax $ (1,418 ) $ 879 $ (2,002 ) $ 1,504 Less: Income (loss) attributable to noncontrolling interests, net of income tax (16 ) (6 ) (20 ) (9 ) Less: Preferred stock dividends 31 31 61 64 Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.s common shareholders $ (1,433 ) $ 854 $ (2,043 ) $ 1,449 Basic $ (1.74 ) $ 1.19 $ (2.50 ) $ 2.03 Diluted $ (1.74 ) $ 1.18 $ (2.50 ) $ 1.99 Income from Discontinued Operations: Income from discontinued operations, net of income tax $ $ 117 $ 36 $ 152 Less: Income from discontinued operations, net of income tax, attributable to noncontrolling interests 56 71 Income from discontinued operations, net of income tax, available to MetLife, Inc.s common shareholders $ $ 61 $ 36 $ 81 Basic $ $ 0.09 $ 0.04 $ 0.11 Diluted $ $ 0.08 $ 0.04 $ 0.11 Net Income:

Business Segment Information

Business Segment Information
	6 Months Ended Jun. 30, 2009 USD / shares
Business Segment Information [Abstract]
Business Segment Information	16. Business Segment Information The Company is a leading provider of individual insurance, employee benefits and financial services with operations throughout the United States and the Latin America, Europe, and Asia Pacific regions. The Companys business is currently divided into four operating segments: Institutional, Individual, International, and Auto Home, as well as Corporate Other. These segments are managed separately because they either provide different products and services, require different strategies or have different technology requirements. Corporate Other contains the excess capital not allocated to the business segments, various start-up entities, MetLife Bank and run-off entities, as well as interest expense related to the majority of the Companys outstanding debt and expenses associated with certain legal proceedings and income tax audit issues. Corporate Other also includes the elimination of all intersegment amounts, which generally relate to intersegment loans, which bear interest rates commensurate with related borrowings, as well as intersegment transactions. The operations of Reinsurance Group of America, Incorporated (RGA) are also reported in Corporate Other as discontinued operations. See Note17 for disclosures regarding discontinued operations, including real estate. Set forth in the tables below is certain financial information with respect to the Companys segments, as well as Corporate Other, for the three months and six months ended June30, 2009 and 2008. The accounting policies of the segments are the same as those of the Company, except for the method of capital allocation and the accounting for gains (losses) from intercompany sales, which are eliminated in consolidation. The Company allocates equity to each segment based upon the economic capital model that allows the Company to effectively manage its capital. Economic capital is an internally developed risk capital model, the purpose of which is to measure the risk in the business and to provide a basis upon which capital is deployed. The economic capital model accounts for the unique and specific nature of the risks inherent in MetLifes businesses. As a part of the economic capital process, a portion of net investment income is credited to the segments based on the level of allocated equity. The Company evaluates the performance of each segment based upon net income excluding net investment gains (losses) of consolidated entities and operating joint ventures reported under the equity method of accounting, net of income tax, adjustments related to net investment gains (losses), net of income tax, the impact from the cumulative effect of changes in accounting, net of income tax, costs related to business combinations, net of income tax, and discontinued operations, other than discontinued real estate, net of income tax, less preferred stock dividends. The Company allocates certain non-recurring items, such as expenses associated with certain legal proceedings, to Corporate Other. Auto Corporate For the Three Months Ended June30, 2009:

Discontinued Operations

Discontinued Operations
	6 Months Ended Jun. 30, 2009 USD / shares
Discontinued Operations [Abstract]
Discontinued Operations	17. Discontinued Operations Real Estate The Company actively manages its real estate portfolio with the objective of maximizing earnings through selective acquisitions and dispositions. Income related to real estate classified as held-for-sale or sold is presented in discontinued operations. These assets are carried at the lower of depreciated cost or estimated fair value less expected disposition costs. The Company had no income from discontinued operations for both the three months and six months ended June30, 2009. The following information presents the components of income from discontinued real estate operations: Three Months Six Months Ended Ended June30, 2008 June30, 2008 (In millions) Revenues: Investment income $ 2 $ 3 Investment expense (2 ) Net investment gains (losses) Total revenues 2 1 Provision for income tax 2 1 Income from discontinued operations, net of income tax $ $ The carrying value of real estate related to discontinued operations was $1million at both June30, 2009 and December31, 2008. The following table presents the discontinued real estate operations by segment: Three Months Six Months Ended Ended June30, 2008 June30, 2008 (In millions) Net investment income: Institutional $ 2 $ 2 Individual (1 ) Corporate Other Total net investment income $ 2 $ 1 Net investment gains (losses): Institutional $ $ Individual Corporate Other Total net investment gains (losses) $ $ Operations Texas Life Insurance Company During the fourth quarter of 2008, the Holding Company entered into an agreement to sell its wholly-owned subsidiary, Cova, the parent company of Texas Life Insurance Company, to a third party and the sale was completed in March 2009. (See also Note2.) The following tables present the amounts related to the operations of Cova that have been reflected as discontinued operations in the consolidated statements of income: Three Months Six Months Ended Ended June30, June30, 2009 2008 2009 2008 (In millions) Revenues: Premiums $ $ 4 $ 3 $ 8 Universal life and investment-type product policy fees 25 15 45 Net investment income 9 6 19 Net investment gains (losses)

Fair Value

Fair Value
	6 Months Ended Jun. 30, 2009 USD / shares
Fair Value [Abstract]
Fair Value	18. Fair Value As described in Note1 of the Notes to the Consolidated Financial Statements included in the 2008 Annual Report, the Company prospectively adopted the provisions of SFAS157 effective January1, 2008. Considerable judgment is often required in interpreting market data to develop estimates of fair value and the use of different assumptions or valuation methodologies may have a material effect on the estimated fair value amounts. Fair Value of Financial Instruments Amounts related to the Companys financial instruments are as follows: Notional Carrying Estimated June30, 2009 Amount Value Fair Value (In millions) Assets: Fixed maturity securities $ 211,563 $ 211,563 Equity securities $ 3,045 $ 3,045 Trading securities $ 1,471 $ 1,471 Mortgage and consumer loans: Held-for-investment $ 48,229 $ 46,027 Held-for-sale 4,271 4,271 Mortgage and consumer loans, net $ 52,500 $ 50,298 Policy loans $ 9,907 $ 11,297 Real estate joint ventures (1) $ 133 $ 132 Other limited partnership interests (1) $ 1,614 $ 1,671 Short-term investments $ 8,117 $ 8,117 Other invested assets: (1) Derivative assets (2) $ 123,533 $ 6,912 $ 6,912 Mortgage servicing rights $ 670 $ 670 Other $ 1,217 $ 1,262 Cash and cash equivalents $ 13,213 $ 13,213 Accrued investment income $ 3,019 $ 3,019 Premiums and other receivables (1) $ 2,731 $ 2,965 Other assets (1) $ 800 $ 777 Separate account assets $ 126,968 $ 126,968 Net embedded derivatives within asset host contracts (3) $ 122 $ 122 Liabilities: Policyholder account balances (1) $ 107,059 $ 96,884 Short-term debt $ 4,757 $ 4,757 Long-term debt (1) $ 12,898 $ 12,604 Collateral financing arrangements $ 5,297 $ 2,321 Junior subordinated debt securities $ 2,691 $ 2,115 Payables for collateral under securities loaned and other transactions $ 24,607 $ 24,607 Other liabilities: (1) Derivative liabilities (2) $ 67,395 $ 3,689 $ 3,689 Trading liabilities $ 201 $ 201 Other

Subsequent Event

Subsequent Event
	6 Months Ended Jun. 30, 2009 USD / shares
Subsequent Events [Abstract]
Subsequent Event	19. Subsequent Event On July8, 2009, the Holding Company issued $500million aggregate principal amount of junior subordinated debt securities. The debt securities are scheduled for redemption on August1, 2039 and the final maturity of the debt securities is August1, 2069. On August3, 2009, the date the June30, 2009 interim condensed consolidated financial statements of MetLife, Inc. were issued, the Company evaluated the recognition and disclosure of subsequent events.