MetLife (MET) 10-Q 4 Nov 09 2009 Q3 Quarterly report Financial data

Document And Company Informatio

Document And Company Information (USD $)
In Billions, except Share data	9 Months Ended Sep. 30, 2009	Nov. 02, 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	2009-09-30
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		818,790,607

Interim Condensed Consolidated

Interim Condensed Consolidated Balance Sheets (Unaudited) (USD $)
In Millions	Sep. 30, 2009	Dec. 31, 2008
Assets
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $225,274 and $209,508, respectively)	$223,896	$188,251
Equity securities available-for-sale, at estimated fair value (cost: $3,349 and $4,131, respectively)	3,117	3,197
Trading securities, at estimated fair value (cost: $1,895 and $1,107, respectively)	1,970	946
Mortgage and consumer loans:
Held-for-investment, at amortized cost (net of valuation allowances of $671 and $304, respectively)	48,239	49,352
Held-for-sale, principally at estimated fair value	2,442	2,012
Mortgage and consumer loans, net	50,681	51,364
Policy loans	10,001	9,802
Real estate and real estate joint ventures held-for-investment	6,982	7,535
Real estate held-for-sale	50	51
Other limited partnership interests	5,255	6,039
Short-term investments	6,861	13,878
Other invested assets	13,916	17,248
Total investments	322,729	298,311
Cash and cash equivalents	15,562	24,207
Accrued investment income	3,236	3,061
Premiums and other receivables	16,903	16,973
Deferred policy acquisition costs and value of business acquired	19,208	20,144
Current income tax recoverable	412	0
Deferred income tax assets	535	4,927
Goodwill	5,033	5,008
Other assets	7,140	7,262
Assets of subsidiaries held-for-sale	0	946
Separate account assets	144,434	120,839
Total assets	535,192	501,678
Liabilities and Stockholders' Equity
Future policy benefits	134,492	130,555
Policyholder account balances	147,543	149,805
Other policyholder funds	8,549	7,762
Policyholder dividends payable	911	1,023
Short-term debt	2,131	2,659
Long-term debt	13,202	9,667
Collateral financing arrangements	5,297	5,192
Junior subordinated debt securities	3,191	3,758
Current income tax payable	0	342
Payables for collateral under securities loaned and other transactions	24,363	31,059
Other liabilities	16,486	14,284
Liabilities of subsidiaries held-for-sale	0	748
Separate account liabilities	144,434	120,839
Total liabilities	500,599	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 September 30, 2009 and December 31, 2008, respectively; 818,753,139 shares and 793,629,070 shares outstanding at September 30, 2009 and December 31, 2008, respectively	8	8
Additional paid-in capital	16,865	15,811
Retained earnings	19,822	22,403
Treasury stock, at cost; 3,606,679 shares and 4,387,594 shares at September 30, 2009 and December 31, 2008, respectively	(194)	(236)
Accumulated other comprehensive loss	(2,234)	(14,253)
Total MetLife, Inc.'s stockholders' equity	34,268	23,734
Noncontrolling interests	325	251
Total equity	34,593	23,985
Total liabilities and stockholders' equity	$535,192	$501,678

1_Interim Condensed Consolidate

Interim Condensed Consolidated Balance Sheets (Parenthetical) (Unaudited) (USD $)
In Millions, except Share data	Sep. 30, 2009	Dec. 31, 2008
Assets
Amortized Cost of fixed maturity securities available-for-sale	$225,274	$209,508
Cost of equity securities available-for-sale	3,349	4,131
Cost of trading securities	1,895	1,107
Mortgage and consumer loans:
Valuation allowances for held-for-investment	$671	$304
MetLife, Inc.'s stockholders' equity:
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	818,753,139	793,629,070
Treasury stock, shares	3,606,679	4,387,594

2_Interim Condensed Consolidate

Interim Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Millions, except Per Share data	3 Months Ended Sep. 30, 2009	3 Months Ended Sep. 30, 2008	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Revenues
Premiums	$6,601	$6,785	$19,299	$19,416
Universal life and investment-type product policy fees	1,251	1,352	3,650	4,145
Net investment income	3,923	4,047	10,914	12,661
Other revenues	602	421	1,728	1,141
Net investment gains (losses):
Other-than-temporary impairments on fixed maturity securities	(650)	(748)	(1,769)	(961)
Other-than-temporary impairments on fixed maturity securities transferred to other comprehensive loss	245	0	479	0
Other net investment gains (losses), net	(1,734)	1,494	(5,584)	620
Total net investment gains (losses)	(2,139)	746	(6,874)	(341)
Total revenues	10,238	13,351	28,717	37,022
Expenses
Policyholder benefits and claims	7,173	7,264	20,701	20,426
Interest credited to policyholder account balances	1,258	1,129	3,655	3,558
Policyholder dividends	439	448	1,297	1,323
Other expenses	2,543	2,931	7,576	8,085
Total expenses	11,413	11,772	33,229	33,392
Income (loss) from continuing operations before provision for income tax	(1,175)	1,579	(4,512)	3,630
Provision for income tax expense (benefit)	(551)	529	(1,884)	1,077
Income (loss) from continuing operations, net of income tax	(624)	1,050	(2,628)	2,553
Income (loss) from discontinued operations, net of income tax	(1)	(404)	37	(251)
Net income (loss)	(625)	646	(2,591)	2,302
Less: Net income (loss) attributable to noncontrolling interests	(5)	16	(25)	78
Net income (loss) attributable to MetLife, Inc.	(620)	630	(2,566)	2,224
Less: Preferred stock dividends	30	30	91	94
Net income (loss) available to MetLife, Inc.'s common shareholders	($650)	$600	($2,657)	$2,130
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.'s common shareholders per common share:
Basic	-0.79	1.43	-3.3	3.45
Diluted	-0.79	1.42	-3.3	3.39
Net income (loss) available to MetLife, Inc.'s common shareholders per common share:
Basic	-0.79	0.84	-3.25	2.97
Diluted	-0.79	0.83	-3.25	2.92

3_Interim Condensed Consolidate

Interim Condensed Consolidated Statement of Equity (Unaudited) (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 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:
Acquired in connection with share repurchase agreements		(800)
Issued to settle stock forward contracts		1,035
Acquired in connection with split-off of subsidiary		(1,318)
Other, net		57
Treasury stock transactions, net	62
Deferral of stock-based compensation	(1)	141
Dividends on preferred stock	(91)	(94)
Dividends on subsidiary common stock		34
Change in equity of noncontrolling interests	109	(1,450)
Comprehensive income:
Net income (loss)	(2,591)	2,302
Other comprehensive loss:
Unrealized gains (losses) on derivative instruments, net of income tax	0	135
Unrealized investment gains (losses), net of related offsets and income tax	11,831	(8,605)
Foreign currency translation adjustments, net of income tax	134	(406)
Defined benefit plans adjustment, net of income tax	120	8
Other comprehensive loss	12,085	(8,868)
Comprehensive loss	9,494	(6,566)
Ending Balance	34,593	28,041
Adjustment
Beginning Balance		37,002
Adjustment | Common Stock
Beginning Balance		8
Adjustment | Total MetLife, Inc.'s Stockholders' Equity
Beginning Balance		35,196
Adjustment | Preferred Stock
Beginning Balance		1
Adjustment | Additional Paid-in Capital
Beginning Balance		17,098
Adjustment | Treasury Stock at Cost
Beginning Balance		(2,890)
Adjustment | Retained Earnings
Beginning Balance		19,911
Adjustment | Accumulated Other Comprehensive Loss Net Unrealized Investment Gains (Losses)
Beginning Balance		961
Adjustment | Accumulated Other Comprehensive Loss Foreign Currency Translation Adjustments
Beginning Balance		347
Adjustment | Accumulated Other Comprehensive Loss Defined Benefit Plans Adjustment
Beginning Balance		(240)
Adjustment | Noncontrolling Interest Discontinued Operations
Beginning Balance		1,534
Adjustment | Noncontrolling Interest Continuing Operations
Beginning Balance		272
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:
Acquired in connection with share repurchase agreements		(800)
Issued to settle stock forward contracts		1,035
Acquired in connection with split-off of subsidiary		(1,318)
Other, net		57
Treasury stock transactions, net	62
Deferral of stock-based compensation	(1)	141
Dividends on preferred stock	(91)	(94)
Comprehensive income:
Net income (loss)	(2,566)	2,224
Other comprehensive loss:
Unrealized gains (losses) on derivative instruments, net of income tax	0	135
Unrealized investment gains (losses), net of related offsets and income tax	11,841	(8,448)
Foreign currency translation adjustments, net of income tax	134	(299)
Defined benefit plans adjustment, net of income tax	120	4
Other comprehensive loss	12,095	(8,608)
Comprehensive loss	9,529	(6,384)
Ending Balance	34,268	27,833
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:
Acquired in connection with share repurchase agreements		450
Issued to settle stock forward contracts		(29)
Other, net		(58)
Treasury stock transactions, net	20
Deferral of stock-based compensation	(1)	141
Other comprehensive loss:
Ending Balance	16,865	17,602
Treasury Stock at Cost
Beginning Balance	(236)	(2,890)
Treasury stock transactions:
Acquired in connection with share repurchase agreements		(1,250)
Issued to settle stock forward contracts		1,064
Acquired in connection with split-off of subsidiary		(1,318)
Other, net		115
Treasury stock transactions, net	42
Other comprehensive loss:
Ending Balance	(194)	(4,279)
Retained Earnings
Beginning Balance	22,403	19,884
Cumulative effect of changes in accounting principles, net of income tax	76	27
Treasury stock transactions:
Dividends on preferred stock	(91)	(94)
Comprehensive income:
Net income (loss)	(2,566)	2,224
Other comprehensive loss:
Ending Balance	19,822	22,041
Accumulated Other Comprehensive Loss Other Than Temporary Impairments
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	(251)
Ending Balance	(327)
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	0	135
Unrealized investment gains (losses), net of related offsets and income tax	12,092	(8,448)
Ending Balance	(472)	(7,352)
Accumulated Other Comprehensive Loss Foreign Currency Translation Adjustments
Beginning Balance	(246)	347
Other comprehensive loss:
Foreign currency translation adjustments, net of income tax	134	(299)
Ending Balance	(112)	48
Accumulated Other Comprehensive Loss Defined Benefit Plans Adjustment
Beginning Balance	(1,443)	(240)
Other comprehensive loss:
Defined benefit plans adjustment, net of income tax	120	4
Ending Balance	(1,323)	(236)
Noncontrolling Interests
Beginning Balance	251
Treasury stock transactions:
Change in equity of noncontrolling interests	109
Comprehensive income:
Net income (loss)	(25)
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax	(10)
Other comprehensive loss	(10)
Comprehensive loss	(35)
Ending Balance	325
Noncontrolling Interest Discontinued Operations
Beginning Balance		1,534
Treasury stock transactions:
Dividends on subsidiary common stock		34
Change in equity of noncontrolling interests		(1,409)
Comprehensive income:
Net income (loss)		94
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax		(150)
Foreign currency translation adjustments, net of income tax		(107)
Defined benefit plans adjustment, net of income tax		4
Other comprehensive loss		(253)
Comprehensive loss		(159)
Ending Balance		0
Noncontrolling Interest Continuing Operations
Beginning Balance		272
Treasury stock transactions:
Change in equity of noncontrolling interests		(41)
Comprehensive income:
Net income (loss)		(16)
Other comprehensive loss:
Unrealized investment gains (losses), net of related offsets and income tax		(7)
Other comprehensive loss		(7)
Comprehensive loss		(23)
Ending Balance		$208

4_Interim Condensed Consolidate

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Net cash provided by operating activities	$2,718	$7,002
Cash flows from investing activities
Sales, maturities and repayments of fixed maturity securities	48,802	74,011
Sales, maturities and repayments of equity securities	1,900	2,466
Sales, maturities and repayments of mortgage and consumer loans	5,145	4,570
Sales, maturities and repayments of real estate and real estate joint ventures	23	147
Sales, maturities and repayments of other limited partnership interests	824	580
Purchases of fixed maturity securities	(63,363)	(74,701)
Purchases equity securities	(1,543)	(1,138)
Purchases of mortgage and consumer loans	(4,204)	(8,009)
Purchases of real estate and real estate joint ventures	(466)	(938)
Purchases of other limited partnership interests	(570)	(1,341)
Net change in short-term investments	7,022	36
Net change in other invested assets	(530)	(689)
Net change in policy loans	(199)	(405)
Purchases of businesses, net of cash received of $0 and $313, respectively	0	(465)
Sales of businesses, net of cash disposed of $180 and $0, respectively	(50)	(4)
Disposal of subsidiary	(19)	(281)
Other, net	(129)	(96)
Net cash used in investing activities	(7,357)	(6,257)
Cash flows from financing activities
Policyholder account balances: Deposits	63,597	47,217
Policyholder account balances: Withdrawals	(64,382)	(38,896)
Net change in short-term debt	(528)	439
Long-term debt issued	2,625	1,032
Long-term debt repaid	(244)	(217)
Collateral financing arrangements issued	105	250
Cash received in connection with collateral financing arrangement	400	0
Cash paid in connection with collateral financing arrangement	(400)	(238)
Junior subordinated debt securities issued	500	750
Debt issuance costs	(22)	(10)
Net change in payables for collateral under securities loaned and other transactions	(6,696)	(837)
Stock options exercised	6	43
Common stock issued to settle stock forward contracts	1,035	0
Treasury stock acquired	0	(1,250)
Treasury stock issued to settle stock forward contracts	0	1,035
Dividends on preferred stock	(91)	(94)
Other, net	(31)	(16)
Net cash (used in) provided by financing activities	(4,126)	9,208
Effect of change in foreign currency exchange rates on cash balances	88	(112)
Change in cash and cash equivalents	(8,677)	9,841
Cash and cash equivalents, beginning of period	24,239	10,368
Cash and cash equivalents, end of period	15,562	20,209
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	28
Cash and cash equivalents, from continuing operations, beginning of period	24,207	9,961
Cash and cash equivalents, from continuing operations, end of period	15,562	20,181
Supplemental disclosures of cash flow information:
Net cash paid during the period for Interest	611	677
Net cash paid during the period for Income tax	298	430
Non-cash transactions during the period:
Business acquisitions Assets acquired	0	1,808
Business acquisitions Cash paid	0	(778)
Business acquisitions Liabilities assumed	0	1,030
Disposal of subsidiary:
Assets disposed	0	22,135
Less: liabilities disposed	0	(20,689)
Net assets disposed	0	1,446
Add: cash disposed	0	270
Add: transaction costs, including cash paid of $19 and $11, respectively	2	60
Less: treasury stock received in common stock exchange	0	(1,318)
Loss on disposal of subsidiary	2	458
Remarketing of debt securities:
Fixed maturity securities redeemed	32	32
Long-term debt issued	1,035	1,035
Junior subordinated debt securities redeemed	1,067	1,067
Fixed maturity securities received in connection with insurance contract commutation	0	115
Real estate and real estate joint ventures acquired in satisfaction of debt	211	1
Purchase money mortgage on real estate joint venture sale	$74	$0

5_Interim Condensed Consolidate

Interim Condensed Consolidated Statements of Cash Flows (Parenthetical) (Unaudited) (USD $)
In Millions	9 Months Ended Sep. 30, 2009	9 Months Ended Sep. 30, 2008
Cash flows from investing activities
Cash received from purchase of business	$0	$313
Cash disposed from sale of business	180	0
Disposal of subsidiary:
Cash paid included in transaction cost	$19	$11

Business, Basis of Presentation

Business, Basis of Presentation, and Summary of Significant Accounting Policies
	9 Months Ended Sep. 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 invested in cer

Acquisitions and Dispositions

Acquisitions and Dispositions
	9 Months Ended Sep. 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 Note18.

Investments

Investments
	9 Months Ended Sep. 30, 2009 USD / shares
Investments [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 September30, 2009 include the noncredit loss component of OTTI loss: September30, 2009 Cost or Gross Unrealized Estimated Amortized Temporary OTTI Fair % of Cost Gain Loss Loss Value Total (In millions) U.S. corporate securities $ 71,375 $ 3,416 $ 3,144 $ 5 $ 71,642 32.1 % Residential mortgage-backed securities 45,267 1,389 2,849 410 43,397 19.4 Foreign corporate securities 35,991 2,021 1,411 9 36,592 16.3 U.S. Treasury, agency and government guaranteed securities(1) 24,281 1,468 282 25,467 11.4 Commercial mortgage-backed securities 16,615 181 1,247 14 15,535 6.9 Asset-backed securities 14,703 198 1,541 109 13,251 5.9 Foreign government securities 10,473 1,107 133 11,447 5.1 State and political subdivision securities 6,551 282 284 6,549 2.9 Other fixed maturity securities 18 2 16 Total fixed maturity securities(2),(3) $ 225,274 $ 10,062 $ 10,893 $ 547 $ 223,896 100.0 % Common stock $ 1,576 $ 91 $ 31 $ $ 1,636 52.5 % Non-redeemable preferred stock(2) 1,773 75 367 1,481 47.5 Total equity securities(4) $ 3,349 $ 166 $ 398 $ $ 3,117 100.0 % 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

Derivative Financial Instrument

Derivative Financial Instruments
	9 Months Ended Sep. 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 are assumed to be consistent wi

Deferred Policy Acquisition Cos

Deferred Policy Acquisition Costs and Value of Business Acquired
	9 Months Ended Sep. 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 September30, 2009 and December31, 2008 is as follows: DAC VOBA Total (In millions) Balance, beginning of period $ 16,653 $ 3,491 $ 20,144 Capitalizations 2,265 2,265 Subtotal 18,918 3,491 22,409 Less: Amortization related to: Net investment gains (losses) (544 ) (72 ) (616 ) Other expenses 1,264 190 1,454 Total amortization 720 118 838 Less: Unrealized investment gains (losses) 2,042 470 2,512 Less: Other (111 ) (38 ) (149 ) Balance, end of period $ 16,267 $ 2,941 $ 19,208 The estimated future amortization expense allocated to other expenses for the next five years for VOBA is $284million in 2009, $353million in 2010, $322million in 2011, $289million in 2012, and $250million in 2013. For the nine months ended September30, 2009, $190million has been amortized resulting in $94million estimated to be amortized for the remainder of 2009. Amortization of VOBA and DAC is attributed to both investment gains and losses and to other expenses for 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 September30, 2009 December31, 2008 September30, 2009 December31, 2008 September30, 2009 December31, 2008 (In millions) Institutional: Group life $ 65 $ 74 $ $ 9 $ 65 $ 83 Retirement savings 33 31 1 1 34 32 Non-medical health other 931 898 931 898 Subtotal 1,029 1,003 1 10 1,030 1,013 Individual: Traditional life 4,937 5,813 110 154 5,047 5,967 Variable universal life 3,393 3,682 930 968 4,323

Goodwill

Goodwill
	9 Months Ended Sep. 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: September30, 2009 (In millions) Balance, beginning of period $ 5,008 Other, net (1) 25 Balance, end of period $ 5,033 (1) Consisting principally of foreign currency translation adjustments. Information regarding goodwill by segment and reporting unit is as follows: September30, 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 200 184 European region 40 37 Asia Pacific region 160 152 Subtotal 400 373 Auto Home 157 157 Corporate Other (1) 470 470 Total $ 5,033 $ 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, 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 September30, 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 a discounted cash flow mo

Insurance

Insurance
	9 Months Ended Sep. 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 September30, 2009 December31, 2008 September30, 2009 December31, 2008 September30, 2009 December31, 2008 (In millions) Institutional: Group life $ 3,379 $ 3,346 $ 14,565 $ 14,044 $ 2,816 $ 2,532 Retirement savings 40,814 40,320 51,054 60,787 42 58 Non-medical health other 12,367 11,619 501 501 600 609 Individual: Traditional life 53,604 52,968 1 1 1,546 1,423 Variable universal life 1,327 1,129 15,472 15,062 1,472 1,452 Annuities 3,938 3,655 47,450 44,282 98 88 Other 2 2,898 2,524 1 1 International 10,682 9,241 7,177 5,654 1,559 1,227 Auto Home 3,015 3,083 43 43 Corporate Other 5,366 5,192 8,425 6,950 372 329 Total $ 134,492 $ 130,555 $ 147,543 $ 149,805 $ 8,549 $ 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: September30, 2009 December31, 2008 In the At In the At

Closed Block

Closed Block
	9 Months Ended Sep. 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 September30, 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 a 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: September30, 2009 December31, 2008 (In millions) Closed Block Liabilities Future policy benefits $ 43,458 $ 43,520 Other policyholder funds 299 315 Policyholder dividends payable 772 711 Payables for collateral under securities loaned and other transactions 2,327 2,852 Other liabilities 1,024 254 Total closed block liabilities 47,880 47,652 Assets Designated to the Closed Block Investments: Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $28,053 and $27,947, respectively) 28,515 26,205 Equity securities available-for-sale, at estimated fair value (cost: $263 and $280, respectively) 278 210 Mortgage loans 6,593 7,243 Policy loans 4,507 4,426 Real estate and real estate joint ventures held-for-investment 323 381 Short-term investments 2 52 Other invested assets 1,553 952 Total investments 41,771 39,469 Cash and cash equivalents 650 262 Accrued investment income 487

Long term and Short term Debt

Long term and Short term Debt
	9 Months Ended Sep. 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 represents 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 In May 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. In March 2009, the Holding Company issued $397million 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. In February 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 $122million and $89million of common stock of the FHLB of NY at September30, 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 which the FHLB of NY has been grante

Collateral Financing Arrangemen

Collateral Financing Arrangements
	9 Months Ended Sep. 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 September30, 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. 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 in other assets on the Companys consolidated balance sheets and would not reduce the principal amount outstanding of the surplus note. Such payments would, however, reduce the amount of interest payments due from the Holding Company under the agreement. Any payment received from the unaffiliated financial institution would reduce the receivable by an amount equal to such payment and would also increase the amount of interest payments due from the Holding Company under the agreement. In addition, the unaffiliated financial institution may be required to pledge collateral to the Holding Company related to any increase in the estimated fair value of the surplus note. At December31, 2008, the Company had paid $800million and had pledged collateral with an estimated fair value of $230million to the unaffiliated financial institution. As a result of continued fluctuations in the estimated fair value of the surplus note, the Holding Company paid an additional $400million to the unaffiliated financial institution in April 2009, and received $400million from the unaffiliated financial institution in June 2009. Both of these payments reduced collateral pledged between the Holding Company and the unaffiliated financial institution. At September30, 2009, the unaffiliated financial institution had pledged collateral with an estimated fair value of $257million to the Holding Company related to an increase in estimated fair value of the surplus note. 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. See Note20 for discussion of a payment received by the Holding Company under t

Junior Subordinated Debt Securi

Junior Subordinated Debt Securities
	9 Months Ended Sep. 30, 2009 USD / shares
Junior Subordinated Debt Securities [Abstract]
Junior Subordinated Debt Securities	11. Junior Subordinated Debt Securities On July8, 2009, the Holding Company issued junior subordinated debt securities with a face amount of $500million. The securities are scheduled for redemption on August1, 2039 and the final maturity of the securities is August1, 2069. The Holding Company may redeem the securities: (i)in whole or in part, at any time on or after August1, 2034 at their principal amount plus accrued and unpaid interest to, but excluding, the date of redemption; or (ii)in certain circumstances, in whole or in part, prior to August1, 2034 at their principal amount plus accrued and unpaid interest to, but excluding, the date of redemption or, if greater, a make-whole price. Interest is payable semi-annually at a fixed rate of 10.75% up to, but not including, the scheduled redemption date. In the event the securities are not redeemed on or before the scheduled redemption date, interest will accrue at an annual rate of three-month LIBOR plus a margin equal to 7.548%, payable quarterly in arrears. The Holding Company has the right to, and in certain circumstances the requirement to, defer interest payments on the securities for a period up to ten years. Interest compounds during such periods of deferral. If interest is deferred for more than five consecutive years, the Holding Company is required to use proceeds from the sale of its common stock or warrants on common stock to satisfy its obligation. In connection with the issuance of the securities, the Holding Company entered into a replacement capital covenant (RCC). As part of the RCC, the Holding Company agreed that it will not repay, redeem or purchase the securities on or before August1, 2059, unless, subject to certain limitations, it has received proceeds during a specified period from the sale of specified replacement securities. The RCC will terminate upon the occurrence of certain events, including an acceleration of the securities due to the occurrence of an event of default. The RCC is not intended for the benefit of holders of the securities and may not be enforced by them. The RCC is for the benefit of holders of one or more other designated series of the Holding Companys indebtedness (which will initially be its 5.70%senior notes due June 2035). The Holding Company also entered into a replacement capital obligation which will commence in 2039 and under which the Holding Company must use reasonable commercial efforts to raise replacement capital to permit repayment of the securities through the issuance of certain qualifying capital securities. Issuance costs associated with the offering of these securities of $5million have been capitalized and included in other assets and are being amortized over the period from the issuance date of these securities until their scheduled redemption. Interest expense on the securities was $12million for both the three and nine months ended September30, 2009.

Contingencies, Commitments and

Contingencies, Commitments and Guarantees
	9 Months Ended Sep. 30, 2009 USD / shares
Contingencies, Commitments and Guarantees [Abstract]
Contingencies, Commitments and Guarantees	12. 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 September30, 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 have contested vigorou

Employee Benefit Plans

Employee Benefit Plans
	9 Months Ended Sep. 30, 2009 USD / shares
Employee Benefit Plans [Abstract]
Employee Benefit Plans	13. 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 Nine Months Three Months Nine Months Ended Ended Ended Ended September30, September30, September30, September30, 2009 2008 2009 2008 2009 2008 2009 2008 (In millions) Service cost $ 44 $ 41 $ 130 $ 123 $ 6 $ 6 $ 17 $ 16 Interest cost 98 94 296 285 31 25 94 77 Expected return on plan assets (111 ) (130 ) (331 ) (393 ) (18 ) (22 ) (55 ) (66 ) Amortization of prior service cost (credit) 3 3 7 11 (9 ) (9 ) (27 ) (27 ) Amortization of net actuarial (gains) losses 57 7 170 18 10 31 Net periodic benefit cost $ 91 $ 15 $ 272 $ 44 $ 20 $ $ 60 $ The components of net periodic benefit cost amortized from accumulated other comprehensive loss were as follows: Pension Benefits Other Postretirement Benefits Three Months Nine Months Three Months Nine Months Ended Ended Ended Ended September30, September30, September30, September30, 2009 2008 2009 2008 2009 2008 2009 2008 (In millions) Amortization of prior service cost (credit) $ 3 $

Equity

Equity
	9 Months Ended Sep. 30, 2009 USD / shares
Equity [Abstract]
Equity	14. Equity Preferred Stock Information on the declaration, record and payment dates, as well as per share and aggregate dividend amounts, for preferred stock 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) August17, 2009 August 31, 2009 September 15, 2009 $ 0.2555555 $ 6 $ 0.4062500 $ 24 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 $ 19 $ 72 Common Stock Repurchases At September30, 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 September30, 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, which meets 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 nine months ended September30, 2009, 166,868shares and 780,915shares of common stock were issued from treasury stock for $9million and $42million, 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 of options to buy shares of the Companys common stock (Stock Options) that either qualify as incentive Stock Options under Section422A of the Internal Revenue Code or are non-qualified. The MetLife, Inc. 2000Directors Stock Plan, as amended (the Directors Stock Plan), authorized the granting of

Other Expenses

Other Expenses
	9 Months Ended Sep. 30, 2009 USD / shares
Other Expenses [Abstract]
Other Expenses	15. Other Expenses Information on other expenses is as follows: Three Months Nine Months Ended Ended September30, September30, 2009 2008 2009 2008 (In millions) Compensation $ 957 $ 925 $ 2,950 $ 2,669 Commissions 815 852 2,538 2,545 Interest and debt issue costs 284 265 799 822 Amortization of DAC and VOBA 202 698 838 1,780 Capitalization of DAC (722 ) (773 ) (2,265 ) (2,309 ) Rent, net of sublease income 112 107 328 323 Insurance tax 144 143 412 394 Other (1) 751 714 1,976 1,861 Total other expenses $ 2,543 $ 2,931 $ 7,576 $ 8,085 (1) Includes restructuring charges as discussed below. 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 September30, 2009 and December31, 2008, the Company had a liability for severance-related restructuring costs of $48million and $86million, respectively. In addition, at September30, 2009, the Company had a liability for contract costs associated with the termination of an operating lease of $11million. Restructuring charges incurred in connection with this enterprise-wide initiative during the three months and nine months ended September30, 2009 were $45million and $82million, respectively, and during both the three months and nine months ended September30, 2008 were $73million. These restructuring costs were included in other expenses. 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 Nine Months Ended Ended September30, 2009 September30, 2009 Contract Contract Termination Termination Severance Costs Total Severance Costs Total (In millions) Balance, beginning of period $ 36 $ $ 36 $ 86 $ $ 86 Additional charges 34 11 45 72 11

Earnings Per Common Share

Earnings Per Common Share
	9 Months Ended Sep. 30, 2009 USD / shares
Earnings Per Common Share [Abstract]
Earnings Per Common Share	16. 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 Nine Months Ended Ended September30, September30, 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 821,764,490 718,114,168 817,302,327 716,704,688 Incremental common shares from assumed: Stock purchase contracts underlying common equity units (1) 241,875 2,724,737 Exercise or issuance of stock-based awards (2) 8,578,009 9,208,513 Weighted average common stock outstanding for diluted earnings per common share 821,764,490 726,934,052 817,302,327 728,637,938 Income (Loss) from Continuing Operations: Income (loss) from continuing operations, net of income tax $ (624 ) $ 1,050 $ (2,628 ) $ 2,553 Less: Income (loss) attributable to noncontrolling interests, net of income tax (5 ) (7 ) (25 ) (16 ) Less: Preferred stock dividends 30 30 91 94 Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.s common shareholders $ (649 ) $ 1,027 $ (2,694 ) $ 2,475 Basic $ (0.79 ) $ 1.43 $ (3.30 ) $ 3.45 Diluted $ (0.79 ) $ 1.42 $ (3.30 ) $ 3.39 Income from Discontinued Operations: Income from discontinued operations, net of income tax $ (1 ) $ (404 ) $ 37 $ (251 ) Less: Income from discontinued operations, net of income tax, attributable to noncontrolling interests 23 94 Income from discontinued operations, net of income tax, available to MetLife, Inc.s common shareholders $ (1 ) $ (427 ) $ 37 $ (345 ) Basic $ $ (0.59 ) $ 0.05 $ (0.48 ) Diluted $ $ (0.59 ) $ 0.05 $ (0.47 )

Business Segment Information

Business Segment Information
	9 Months Ended Sep. 30, 2009 USD / shares
Business Segment Information [Abstract]
Business Segment Information	17. 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 RGA are also reported in Corporate Other as discontinued operations. See Note18 for disclosures regarding discontinued operations, including real estate. In July 2009, the Company announced the combination of its institutional and individual businesses, as well as its auto home unit, into a single U.S.business organization. The Company expects to complete the integration of its operations as a single U.S.business organization and present its business segment information based on the realigned organization in the fourth quarter of 2009. 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 nine months ended September30, 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 discontin

Discontinued Operations

Discontinued Operations
	9 Months Ended Sep. 30, 2009 USD / shares
Discontinued Operations [Abstract]
Discontinued Operations	18. 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 following information presents the components of income from discontinued real estate operations: Three Months Nine Months Ended Ended September30, September30, 2009 2008 2009 2008 (In millions) Revenues: Investment income $ 3 $ 7 $ 6 $ 9 Investment expense (1 ) (1 ) (1 ) (3 ) Total revenues 2 6 5 6 Provision for income tax 1 3 2 5 Income from discontinued operations, net of income tax $ 1 $ 3 $ 3 $ 1 The carrying value of real estate related to discontinued operations was $50million and $51million at September30, 2009 and December31, 2008, respectively. The following table presents the discontinued real estate operations by segment: Three Months Nine Months Ended Ended September30, September30, 2009 2008 2009 2008 (In millions) Net investment income: Institutional $ 2 $ 5 $ 5 $ 7 Individual 1 (1 ) Corporate Other Total net investment income $ 2 $ 6 $ 5 $ 6 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, to a third party and the sale occurred 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 and balance sheet: Three Months Nine Months Ended Ended September30, September30, 2009 2008 2009 2008 (In millions) Revenues: Premiums $ $ 4 $ 3 $ 12 Universal life and investment-type product policy fees

Fair Value

Fair Value
	9 Months Ended Sep. 30, 2009 USD / shares
Fair Value [Abstract]
Fair Value	19. Fair Value Effective January1, 2008, the Company prospectively adopted the provisions of fair value measurement guidance. 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: Estimated Notional Carrying Fair September30, 2009 Amount Value Value (In millions) Assets: Fixed maturity securities $ 223,896 $ 223,896 Equity securities $ 3,117 $ 3,117 Trading securities $ 1,970 $ 1,970 Mortgage and consumer loans: Held-for-investment $ 48,239 $ 46,175 Held-for-sale 2,442 2,442 Mortgage and consumer loans, net $ 50,681 $ 48,617 Policy loans $ 10,001 $ 11,516 Real estate joint ventures(1) $ 114 $ 123 Other limited partnership interests(1) $ 1,605 $ 1,598 Short-term investments $ 6,861 $ 6,861 Other invested assets:(1) Derivative assets(2) $ 129,651 $ 7,556 $ 7,556 Mortgage servicing rights $ 720 $ 720 Other $ 1,221 $ 1,274 Cash and cash equivalents $ 15,562 $ 15,562 Accrued investment income $ 3,236 $ 3,236 Premiums and other receivables(1) $ 2,684 $ 2,967 Other assets(1) $ 800 $ 791 Separate account assets $ 144,434 $ 144,434 Net embedded derivatives within asset host contracts(3) $ 114 $ 114 Liabilities: Policyholder account balances(1) $ 106,360 $ 105,919 Short-term debt $ 2,131 $ 2,131 Long-term debt(1) $ 13,166 $ 13,785 Collateral financing arrangements $ 5,297 $ 2,688 Junior subordinated debt securities $ 3,191 $ 3,081 Payables for collateral under securities loaned and other transactions $ 24,363 $ 24,363 Other liabilities:(1) Derivative liabilities(2) $ 63,505 $ 4,128 $ 4,128 Trading liabilities $ 143 $ 143 Other $ 2,918 $ 2,918 Separate account liabilities(1)

Subsequent Events

Subsequent Events
	9 Months Ended Sep. 30, 2009 USD / shares
Subsequent Events [Abstract]
Subsequent Events	20. Subsequent Events On November3, 2009, the date the September30, 2009 interim condensed consolidated financial statements of MetLife, Inc. were issued, the Company evaluated the recognition and disclosure of subsequent events. On October27, 2009, the Companys Board of Directors approved an annual dividend for 2009 of $0.74 per common share payable on December 14, 2009 to stockholders of record as of November 9, 2009. The Company estimates the aggregate dividend payment to be $606million. On October 22, 2009, the Holding Company received $244million from an unaffiliated financial institution related to an increase in the estimated fair value of the surplus note issued by MRC in connection with the collateral financing arrangement associated with MRCs reinsurance of the closed block liabilities, as described in Note10. As a result of this payment, the collateral pledged by the unaffiliated financial institution to the Holding Company in connection with the collateral financing arrangement was reduced by $244million.