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Equity (Tables) | 6 Months Ended
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Jun. 30, 2022
Equity [Abstract] |
Schedule of Stock by Class | Preferred stock authorized, issued and outstanding was as follows at both June 30, 2022 and December 31, 2021:
Series |  | Shares Authorized |  | Shares Issued and Outstanding
Floating Rate Non-Cumulative Preferred Stock, Series A |  | 27,600,000 |  |  | 24,000,000 |
5.875% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series D |  | 500,000 |  |  | 500,000 |
5.625% Non-Cumulative Preferred Stock, Series E |  | 32,200 |  |  | 32,200 |
4.75% Non-Cumulative Preferred Stock, Series F |  | 40,000 |  |  | 40,000 |
3.85% Fixed Rate Reset Non-Cumulative Preferred Stock, Series G |  | 1,000,000 |  |  | 1,000,000 |
Series A Junior Participating Preferred Stock |  | 10,000,000 |  |  | — |
Not designated |  | 160,827,800 |  |  | — |
Total |  | 200,000,000 |  |  | 25,572,200 |
Dividends Declared [Table Text Block] | The per share and aggregate dividends declared for MetLife, Inc.’s preferred stock were as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2022 |  | 2021 |  | 2022 |  | 2021
Series |  | Per Share |  | Aggregate |  | Per Share |  | Aggregate |  | Per Share |  | Aggregate |  | Per Share |  | Aggregate
|  | (In millions, except per share data)
A |  | $ | 0.256 |  |  | $ | 6 |  |  | $ | 0.256 |  |  | $ | 6 |  |  | $ | 0.506 |  |  | $ | 12 |  |  | $ | 0.506 |  |  | $ | 12 |
C (1) |  | $ | — |  |  | — |  |  | $ | 9.606 |  |  | 5 |  |  | $ | — |  |  | — |  |  | $ | 19.085 |  |  | 10 |
D |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | 29.375 |  |  | 15 |  |  | $ | 29.375 |  |  | 15 |
E |  | $ | 351.563 |  |  | 11 |  |  | $ | 351.563 |  |  | 12 |  |  | $ | 703.126 |  |  | 22 |  |  | $ | 703.126 |  |  | 23 |
F |  | $ | 296.875 |  |  | 12 |  |  | $ | 296.875 |  |  | 12 |  |  | $ | 593.750 |  |  | 24 |  |  | $ | 593.750 |  |  | 24 |
G |  | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | 19.250 |  |  | 19 |  |  | $ | 19.785 |  |  | 19 |
Total |  |  |  | $ | 29 |  |  |  |  | $ | 35 |  |  |  |  | $ | 92 |  |  |  |  | $ | 103 |
__________________ (1)Dividends were paid through the dividend payment date of June 15, 2021, when all outstanding shares of MetLife, Inc.’s 5.25% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C were redeemed and eliminated. See Note 16 of the Notes to the Consolidated Financial Statements included in the 2021 Annual Report.
Class of Treasury Stock [Table Text Block] | MetLife, Inc. announced that its Board of Directors authorized common stock repurchases as follows:
|  |  |  | Authorization Remaining at
Announcement Date |  | Authorization Amount |  | June 30, 2022
|  | (In millions)
May 4, 2022 |  | $ | 3,000 |  |  | $ | 2,475 |
August 4, 2021 |  | $ | 3,000 |  |  | $ | — |
December 11, 2020 |  | $ | 3,000 |  |  | $ | — |
Components of Accumulated Other Comprehensive Income (Loss) | Information regarding changes in the balances of each component of AOCI attributable to MetLife, Inc. was as follows:
|  | Three Months Ended June 30, 2022
|  | Unrealized Investment Gains (Losses), Net of Related Offsets (1) |  | Unrealized Gains (Losses) on Derivatives |  | Foreign Currency Translation Adjustments |  | Defined Benefit Plans Adjustment |  | Total
|  | (In millions)
Balance, beginning of period |  | $ | 3,718 |  |  | $ | 1,464 |  |  | $ | (5,517) |  |  | $ | (1,577) |  |  | $ | (1,912) |
OCI before reclassifications |  | (20,082) |  |  | (154) |  |  | (1,126) |  |  | 3 |  |  | (21,359) |
Deferred income tax benefit (expense) |  | 4,512 |  |  | 40 |  |  | (66) |  |  | — |  |  | 4,486 |
AOCI before reclassifications, net of income tax |  | (11,852) |  |  | 1,350 |  |  | (6,709) |  |  | (1,574) |  |  | (18,785) |
Amounts reclassified from AOCI |  | 682 |  |  | 629 |  |  | — |  |  | 23 |  |  | 1,334 |
Deferred income tax benefit (expense) |  | (155) |  |  | (132) |  |  | — |  |  | (4) |  |  | (291) |
Amounts reclassified from AOCI, net of income tax |  | 527 |  |  | 497 |  |  | — |  |  | 19 |  |  | 1,043 |
Sale of subsidiary, net of income tax (2) |  | 21 |  |  | — |  |  | 349 |  |  | — |  |  | 370 |
Balance, end of period |  | $ | (11,304) |  |  | $ | 1,847 |  |  | $ | (6,360) |  |  | $ | (1,555) |  |  | $ | (17,372) |
|  | Three Months Ended June 30, 2021
|  | Unrealized Investment Gains (Losses), Net of Related Offsets (1) |  | Unrealized Gains (Losses) on Derivatives |  | Foreign Currency Translation Adjustments |  | Defined Benefit Plans Adjustment |  | Total
|  | (In millions)
Balance, beginning of period |  | $ | 16,194 |  |  | $ | 518 |  |  | $ | (4,467) |  |  | $ | (1,848) |  |  | $ | 10,397 |
OCI before reclassifications |  | 2,099 |  |  | 828 |  |  | 6 |  |  | 1 |  |  | 2,934 |
Deferred income tax benefit (expense) |  | (570) |  |  | (169) |  |  | (2) |  |  | (1) |  |  | (742) |
AOCI before reclassifications, net of income tax |  | 17,723 |  |  | 1,177 |  |  | (4,463) |  |  | (1,848) |  |  | 12,589 |
Amounts reclassified from AOCI |  | (15) |  |  | (131) |  |  | — |  |  | 17 |  |  | (129) |
Deferred income tax benefit (expense) |  | 3 |  |  | 27 |  |  | — |  |  | (5) |  |  | 25 |
Amounts reclassified from AOCI, net of income tax |  | (12) |  |  | (104) |  |  | — |  |  | 12 |  |  | (104) |
Sale of subsidiary, net of income tax |  | (176) |  |  | — |  |  | — |  |  | — |  |  | (176) |
Balance, end of period |  | $ | 17,535 |  |  | $ | 1,073 |  |  | $ | (4,463) |  |  | $ | (1,836) |  |  | $ | 12,309 |
|  | Six Months Ended June 30, 2022
|  | Unrealized Investment Gains (Losses), Net of Related Offsets (1) |  | Unrealized Gains (Losses) on Derivatives |  | Foreign Currency Translation Adjustments |  | Defined Benefit Plans Adjustment |  | Total
|  | (In millions)
Balance, beginning of period |  | $ | 16,042 |  |  | $ | 1,629 |  |  | $ | (5,154) |  |  | $ | (1,598) |  |  | $ | 10,919 |
OCI before reclassifications |  | (36,455) |  |  | (466) |  |  | (1,508) |  |  | 6 |  |  | (38,423) |
Deferred income tax benefit (expense) |  | 8,345 |  |  | 95 |  |  | (85) |  |  | (1) |  |  | 8,354 |
AOCI before reclassifications, net of income tax |  | (12,068) |  |  | 1,258 |  |  | (6,747) |  |  | (1,593) |  |  | (19,150) |
Amounts reclassified from AOCI |  | 1,003 |  |  | 741 |  |  | — |  |  | 47 |  |  | 1,791 |
Deferred income tax benefit (expense) |  | (230) |  |  | (152) |  |  | — |  |  | (7) |  |  | (389) |
Amounts reclassified from AOCI, net of income tax |  | 773 |  |  | 589 |  |  | — |  |  | 40 |  |  | 1,402 |
Sale of subsidiaries, net of income tax (2) |  | (9) |  |  | — |  |  | 387 |  |  | (2) |  |  | 376 |
Balance, end of period |  | $ | (11,304) |  |  | $ | 1,847 |  |  | $ | (6,360) |  |  | $ | (1,555) |  |  | $ | (17,372) |
|  | Six Months Ended June 30, 2021
|  | Unrealized Investment Gains (Losses), Net of Related Offsets (1) |  | Unrealized Gains (Losses) on Derivatives |  | Foreign Currency Translation Adjustments |  | Defined Benefit Plans Adjustment |  | Total
|  | (In millions)
Balance, beginning of period |  | $ | 22,217 |  |  | $ | 1,513 |  |  | $ | (3,795) |  |  | $ | (1,863) |  |  | $ | 18,072 |
OCI before reclassifications |  | (5,879) |  |  | (614) |  |  | (747) |  |  | 4 |  |  | (7,236) |
Deferred income tax benefit (expense) |  | 1,376 |  |  | 141 |  |  | (36) |  |  | (1) |  |  | 1,480 |
AOCI before reclassifications, net of income tax |  | 17,714 |  |  | 1,040 |  |  | (4,578) |  |  | (1,860) |  |  | 12,316 |
Amounts reclassified from AOCI |  | 15 |  |  | 43 |  |  | — |  |  | 31 |  |  | 89 |
Deferred income tax benefit (expense) |  | (4) |  |  | (10) |  |  | — |  |  | (7) |  |  | (21) |
Amounts reclassified from AOCI, net of income tax |  | 11 |  |  | 33 |  |  | — |  |  | 24 |  |  | 68 |
Sale of subsidiaries, net of income tax |  | (190) |  |  | — |  |  | 115 |  |  | — |  |  | (75) |
Balance, end of period |  | $ | 17,535 |  |  | $ | 1,073 |  |  | $ | (4,463) |  |  | $ | (1,836) |  |  | $ | 12,309 |
__________________ (1)See Note 6 for information on offsets to investments related to policyholder liabilities, DAC, VOBA and DSI. (2)S ee Note 3 for information on the Company’s business dispositions.
Reclassification out of Accumulated Other Comprehensive Income (Loss) | Information regarding amounts reclassified out of each component of AOCI was as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30, |  |
|  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
AOCI Components |  | Amounts Reclassified from AOCI |  | Consolidated Statements of Operations and Comprehensive Income (Loss) Locations
|  | (In millions) |  |
Net unrealized investment gains (losses): |  |  |  |  |  |  |  |  |  |
Net unrealized investment gains (losses) |  | $ | (772) |  |  | $ | (6) |  |  | $ | (1,122) |  |  | $ | (55) |  |  | Net investment gains (losses)
Net unrealized investment gains (losses) |  | 2 |  |  | (4) |  |  | 4 |  |  | (9) |  |  | Net investment income
Net unrealized investment gains (losses) |  | 88 |  |  | 25 |  |  | 115 |  |  | 49 |  |  | Net derivative gains (losses)
Net unrealized investment gains (losses), before income tax |  | (682) |  |  | 15 |  |  | (1,003) |  |  | (15) |  |  |
Income tax (expense) benefit |  | 155 |  |  | (3) |  |  | 230 |  |  | 4 |  |  |
Net unrealized investment gains (losses), net of income tax |  | (527) |  |  | 12 |  |  | (773) |  |  | (11) |  |  |
Unrealized gains (losses) on derivatives - cash flow hedges: |  |  |  |  |  |  |  |  |  |
Interest rate derivatives |  | 16 |  |  | 15 |  |  | 31 |  |  | 27 |  |  | Net investment income
Interest rate derivatives |  | 42 |  |  | 19 |  |  | 60 |  |  | 48 |  |  | Net investment gains (losses)
Interest rate derivatives |  | 1 |  |  | — |  |  | 2 |  |  | 1 |  |  | Other expenses
Foreign currency exchange rate derivatives |  | 1 |  |  | 1 |  |  | 3 |  |  | 4 |  |  | Net investment income
Foreign currency exchange rate derivatives |  | (690) |  |  | 95 |  |  | (838) |  |  | (124) |  |  | Net investment gains (losses)
Foreign currency exchange rate derivatives |  | 1 |  |  | 1 |  |  | 1 |  |  | 1 |  |  | Other expenses
Gains (losses) on cash flow hedges, before income tax |  | (629) |  |  | 131 |  |  | (741) |  |  | (43) |  |  |
Income tax (expense) benefit |  | 132 |  |  | (27) |  |  | 152 |  |  | 10 |  |  |
Gains (losses) on cash flow hedges, net of income tax |  | (497) |  |  | 104 |  |  | (589) |  |  | (33) |  |  |
Defined benefit plans adjustment: (1) |  |  |  |  |  |  |  |  |  |
Amortization of net actuarial gains (losses) |  | (26) |  |  | (35) |  |  | (53) |  |  | (53) |  |  |
Amortization of prior service (costs) credit |  | 3 |  |  | 18 |  |  | 6 |  |  | 22 |  |  |
Amortization of defined benefit plan items, before income tax |  | (23) |  |  | (17) |  |  | (47) |  |  | (31) |  |  |
Income tax (expense) benefit |  | 4 |  |  | 5 |  |  | 7 |  |  | 7 |  |  |
Amortization of defined benefit plan items, net of income tax |  | (19) |  |  | (12) |  |  | (40) |  |  | (24) |  |  |
Total reclassifications, net of income tax |  | $ | (1,043) |  |  | $ | 104 |  |  | $ | (1,402) |  |  | $ | (68) |  |  |
__________________ (1)These AOCI components are included in the computation of net periodic benefit costs. See Note 11.

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