Metlife, inc. (MET)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Revenues
Premiums

9,466

11,920

10,781

10,129

9,405

9,267

10,242

15,153

9,178

9,571

10,876

9,580

8,965

8,253

9,839

9,417

9,693

7,463

10,375

9,312

9,253

8,175

9,703

9,873

9,219

10,271

9,094

9,158

9,151

10,589

9,096

9,161

9,129

9,171

9,342

9,294

8,554

7,215

6,484

6,584

6,788

6,858

6,601

6,576

6,122

6,785

6,340

Universal life and investment-type product policy fees

1,431

1,386

1,440

1,412

1,365

1,397

1,343

1,370

1,392

1,358

1,428

1,364

1,360

-488

1,341

2,286

2,344

-1,604

2,346

2,434

2,394

-1,683

2,628

2,458

2,421

2,417

2,372

2,371

2,291

2,250

2,131

2,097

2,078

1,950

1,998

1,969

1,889

1,689

1,452

1,482

1,405

1,547

1,251

1,216

1,183

1,352

1,396

Net investment income

3,061

4,644

4,623

4,693

4,908

3,462

4,486

4,473

3,745

4,454

4,295

4,193

4,421

2,735

4,609

4,887

4,559

1,838

3,959

4,947

5,461

2,454

5,410

5,259

5,035

5,847

5,026

5,282

6,077

5,548

5,517

4,719

6,200

4,926

4,252

5,094

5,313

4,747

4,364

4,061

4,321

3,815

3,923

3,730

3,261

4,047

4,319

Other revenues

439

451

419

478

494

452

479

475

474

406

301

292

342

355

356

487

487

430

484

518

495

476

518

490

478

474

476

490

480

461

455

393

597

654

720

592

566

647

624

544

513

601

602

572

554

421

351

Net investment gains (losses):
Other-than-temporary impairments on fixed maturity securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

6

4

8

78

10

43

0

8

-4

17

9

14

29

13

35

29

36

57

118

135

399

95

298

132

144

143

244

151

663

650

566

553

748

139

Other-than-temporary impairments on fixed maturity securities available-for-sale transferred to other comprehensive income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

6

-

2

-16

2

10

-7

14

6

-4

4

21

4

31

10

-10

-27

-2

26

189

-175

-9

-345

-24

98

59

-1,418

245

234

0

0

0

Other net investment gains (losses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-189

240

280

93

86

409

-131

304

754

140

-110

-401

-145

-51

149

374

-154

69

27

23

-133

229

-32

24

29

-223

132

124

2,769

-327

-3,497

-353

1,494

-218

Net investment gains (losses)

-288

207

161

61

15

145

117

-227

-333

106

-606

104

88

-195

231

266

15

74

382

-133

286

765

109

-125

-411

-178

-85

110

314

-200

22

-64

-110

-558

-55

-155

-99

-84

-342

-14

32

2,566

-732

-3,829

-906

746

-357

Net derivative gains (losses)

4,201

-1,465

1,254

724

115

939

-378

-59

349

-55

-123

-200

-212

617

-543

-2,099

1,335

235

485

-912

821

-410

478

311

343

-373

-546

-1,690

-630

-1,315

-718

2,092

-1,978

591

4,196

352

-315

-1,543

-244

1,481

41

-

-1,407

-

-

-

-

Total revenues

18,310

17,143

18,678

17,497

16,302

15,662

16,289

21,185

14,805

15,840

16,171

15,333

14,964

11,277

15,833

15,244

18,433

8,436

18,031

16,166

18,710

9,777

18,846

18,266

17,085

18,458

16,337

15,721

17,683

17,333

16,503

18,398

15,916

16,734

20,453

17,146

15,908

12,671

12,338

14,138

13,100

11,928

10,238

8,265

10,214

13,351

12,049

Expenses
Policyholder benefits and claims

9,022

11,748

10,648

9,993

9,072

8,992

10,080

14,866

8,718

9,295

10,728

9,427

8,863

6,794

9,612

10,274

9,678

6,201

10,334

9,352

9,257

6,569

9,512

9,988

9,324

10,280

9,472

8,960

9,395

11,029

8,943

8,911

9,104

9,095

9,018

9,121

8,237

7,484

7,309

6,930

7,464

7,304

7,173

6,946

6,582

7,264

6,579

Interest credited to policyholder account balances

80

1,488

1,500

1,515

1,961

486

1,334

1,424

769

1,526

1,338

1,292

1,451

806

1,544

1,500

1,326

475

647

1,298

1,995

731

1,817

1,709

1,469

2,143

1,600

1,846

2,590

2,048

2,102

1,022

2,557

1,499

738

1,442

1,924

1,465

1,264

1,048

1,142

1,190

1,258

1,229

1,168

1,129

1,196

Policyholder dividends

292

313

296

302

300

318

327

309

297

306

302

313

310

282

302

324

315

332

354

331

339

306

347

397

303

305

312

329

313

319

355

352

343

316

384

374

372

329

391

388

377

352

439

434

424

448

446

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

1,868

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,931

2,607

Other expenses

3,273

3,631

3,443

3,390

3,225

3,395

3,469

3,485

3,365

3,752

3,318

3,283

3,268

3,095

3,216

3,246

4,192

2,112

4,533

4,072

4,060

2,016

4,218

4,222

4,163

4,462

3,977

4,025

4,138

4,414

4,245

4,775

4,321

4,550

5,198

4,699

4,090

3,597

2,989

3,409

2,932

3,185

2,543

2,031

3,002

11,772

10,828

Total expenses

12,667

17,180

15,887

15,200

14,558

13,191

15,210

20,084

13,149

14,879

15,686

14,315

13,892

10,977

14,674

15,344

15,511

9,120

15,868

15,053

15,651

9,622

15,894

16,316

15,259

17,190

15,361

15,160

16,436

17,810

17,513

15,060

16,325

15,460

15,338

15,636

14,623

12,875

11,953

11,775

11,915

12,031

11,413

10,640

11,176

-

-

Income (loss) before provision for income tax

5,643

-37

2,791

2,297

1,744

2,471

1,079

1,101

1,656

961

485

1,018

1,072

300

1,159

-100

2,922

-684

2,163

1,113

3,059

155

2,952

1,950

1,826

1,268

976

561

1,247

-477

-1,010

3,338

-409

1,274

5,115

1,510

1,285

-204

385

2,363

1,185

-103

-1,175

-2,375

-962

1,579

1,221

Provision for income tax expense (benefit)

1,242

-625

601

551

359

409

164

207

399

-1,354

-398

162

120

53

135

-214

719

-265

965

-6

896

20

858

574

484

353

3

53

252

-582

-53

1,038

-275

311

1,673

448

361

-141

68

827

356

-222

-551

-956

-377

529

342

Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

2,315

883

856

952

-

1,024

-

-

-

-

-

-

135

2,094

1,376

1,342

915

973

508

995

105

-957

2,300

-134

963

3,442

1,062

924

-63

317

1,536

829

119

-624

-1,419

-585

1,050

879

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

-

-

-

-

-

-

-

-

-

0

-968

58

-76

-

-451

-

-

-

-

-

-

1,392

0

0

-3

1

2

2

-3

31

0

3

14

25

8

31

-40

25

3

11

5

25

-1

1

37

-404

117

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

4,401

588

2,190

1,746

1,385

2,062

915

894

1,257

2,315

-85

914

876

-2,036

573

114

2,203

905

1,198

1,119

2,163

1,527

2,094

1,376

1,339

916

975

510

992

136

-957

2,303

-120

988

3,450

1,093

884

-38

320

1,547

834

144

-625

-1,418

-548

646

996

Less: Net income (loss) attributable to noncontrolling interests

3

-5

6

5

4

-5

3

3

4

-2

6

3

3

2

-4

4

2

8

-5

4

5

6

0

10

11

8

3

8

6

73

-3

-8

-24

-14

6

7

-7

19

-4

-10

-1

61

-5

-16

-4

16

50

Net income (loss) attributable to MetLife, Inc.

4,398

593

2,184

1,741

1,381

2,067

912

891

1,253

2,317

-91

911

873

-2,038

577

110

2,201

897

1,203

1,115

2,158

1,521

2,094

1,366

1,328

908

972

502

986

127

-954

2,295

-144

990

3,456

1,100

877

-41

316

1,557

835

155

-620

-1,402

-544

630

946

Less: Preferred stock dividends

32

57

32

57

32

57

32

46

6

45

6

46

6

45

6

46

6

49

6

31

30

31

30

31

30

31

30

31

30

31

30

31

30

31

30

31

30

31

30

31

30

31

30

31

30

30

31

Preferred stock repurchase premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

42

-

-

0

0

-

-

-

-

-

-

-

-

-

0

0

0

146

0

0

0

0

-

-

-

-

-

-

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

4,366

536

2,152

1,684

1,349

2,010

880

845

1,247

2,272

-97

865

867

-2,083

571

64

2,195

848

1,197

1,042

2,128

1,490

2,064

1,335

1,298

877

942

471

956

96

-984

2,264

-174

959

3,426

1,069

701

-72

286

1,526

805

124

-650

-1,433

-574

600

915

Comprehensive income (loss)

4,107

-

5,759

6,466

6,555

-

-940

-1,885

-1,448

-

-192

2,953

1,907

-

-463

3,884

8,388

-

1,653

-3,994

3,101

-

1,972

4,228

4,482

-

-188

-3,881

178

-

1,655

3,765

1,054

-

6,966

3,351

974

-

-

-

-

-

-

-

-

-

-

Less: Comprehensive income (loss) attributable to noncontrolling interests, net of income tax

4

-

9

5

6

-

2

4

4

-

10

2

4

-

-3

7

93

-

2

-23

63

-

-56

19

43

-

-58

-5

9

-

19

-1

-15

-

12

7

2

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss) attributable to MetLife, Inc.

4,103

-

5,750

6,461

6,549

-

-942

-1,889

-1,452

-

-202

2,951

1,903

-

-460

3,877

8,295

-

1,651

-3,971

3,038

-

2,028

4,209

4,439

-

-130

-3,876

169

-

1,636

3,764

1,039

-

6,978

3,358

976

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

2.12

0.82

0.76

0.87

-

0.93

-

-

-

-

-

-

0.09

1.83

1.18

1.15

0.79

0.85

0.43

0.87

0.04

-0.92

2.13

-0.17

0.89

3.22

0.98

0.70

-0.31

0.33

1.84

0.97

0.12

-0.79

-1.74

-0.76

1.43

1.19

Diluted

-

-

-

-

-

-

-

-

-

2.11

0.81

0.75

0.86

-

0.92

-

-

-

-

-

-

0.08

1.81

1.17

1.14

0.77

0.84

0.43

0.87

0.05

-0.92

2.12

-0.17

0.87

3.20

0.97

0.70

-0.30

0.32

1.83

0.96

0.12

-0.79

-1.74

-0.76

1.42

1.18

Net income (loss) available to MetLife, Inc.’s common shareholders per common share:
Basic

4.78

0.60

2.31

1.78

1.41

2.03

0.89

0.83

1.20

2.13

-0.09

0.81

0.80

-1.89

0.52

0.06

1.99

0.78

1.07

0.93

1.89

1.32

1.83

1.18

1.15

0.79

0.85

0.43

0.87

0.07

-0.92

2.13

-0.16

0.91

3.23

1.01

0.66

-0.28

0.33

1.85

0.98

0.15

-0.79

-1.74

-0.71

0.84

1.28

Diluted

4.75

0.59

2.30

1.77

1.40

2.01

0.88

0.83

1.19

2.12

-0.09

0.80

0.79

-1.88

0.51

0.06

1.98

0.77

1.06

0.92

1.87

1.30

1.81

1.17

1.14

0.77

0.84

0.43

0.87

0.08

-0.92

2.12

-0.16

0.89

3.21

1.00

0.66

-0.27

0.32

1.84

0.97

0.15

-0.79

-1.74

-0.71

0.83

1.26

Cash dividends declared per common share

-

-

-

-

-

-

-

-

-

-

-

0.40

0.40

-

0.40

0.40

0.37

0.37

0.37

0.37

0.35

0.35

0.35

0.35

0.27

0.27

0.00

0.55

0.18

0.74

0.00

0.00

0.00

-

-

-

-

-

-

-

-

-

-

-

-

-

-