MetLife 2010 Annual Report Download - page 230

21. Quarterly Results of Operations (Unaudited)
The unaudited quarterly results of operations for 2010 and 2009 are summarized in the table below:
March 31, June 30, September 30, December 31,
Three Months Ended
(In millions, except per share data)
2010
Totalrevenues............................................ $13,190 $14,245 $12,444 $12,838
Totalexpenses............................................ $11,999 $11,875 $12,051 $12,834
Income(loss)fromcontinuingoperations,netofincometax................... $ 833 $1,540 $ 322 $ 82
Income (loss) from discontinued operations, net of income tax . . . .............. $ 1 $ 7 $ (2) $ 3
Netincome(loss) .......................................... $ 834 $1,547 $ 320 $ 85
Less:Netincome(loss)attributabletononcontrollinginterests ................. $ (1) $ (10) $ 4 $ 3
Netincome(loss)attributabletoMetLife,Inc. .......................... $ 835 $1,557 $ 316 $ 82
Less:Preferredstockdividends .................................. $ 30 $ 31 $ 30 $ 31
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders .............. $ 805 $1,526 $ 286 $ 51
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s
commonshareholders ..................................... $ 0.98 $ 1.84 $ 0.33 $ 0.05
Income (loss) from discontinued operations, net of income tax, attributable to MetLife,
Inc. ............................................... $ — $ 0.01 $ — $ —
Netincome(loss)attributabletoMetLife,Inc. ......................... $ 1.02 $ 1.90 $ 0.36 $ 0.08
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders ............. $ 0.98 $ 1.85 $ 0.33 $ 0.05
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s
commonshareholders ..................................... $ 0.97 $ 1.83 $ 0.32 $ 0.05
Income (loss) from discontinued operations, net of income tax, attributable to MetLife,
Inc. ............................................... $ — $ 0.01 $ — $ —
Netincome(loss)attributabletoMetLife,Inc. ......................... $ 1.01 $ 1.87 $ 0.36 $ 0.08
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders ............. $ 0.97 $ 1.84 $ 0.32 $ 0.05
2009
Totalrevenues............................................ $10,214 $8,264 $10,238 $12,341
Totalexpenses............................................ $11,176 $10,640 $11,413 $12,162
Income(loss)fromcontinuingoperations,netofincometax................... $ (585) $(1,420) $ (624) $ 310
Income (loss) from discontinued operations, net of income tax . . . .............. $ 37 $ 2 $ (1) $ 3
Netincome(loss) .......................................... $ (548) $(1,418) $ (625) $ 313
Less:Netincome(loss)attributabletononcontrollinginterests ................. $ (4) $ (16) $ (5) $ (7)
Netincome(loss)attributabletoMetLife,Inc. .......................... $ (544) $(1,402) $ (620) $ 320
Less:Preferredstockdividends .................................. $ 30 $ 31 $ 30 $ 31
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders .............. $ (574) $(1,433) $ (650) $ 289
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s
commonshareholders ..................................... $ (0.76) $ (1.74) $ (0.79) $ 0.35
Income (loss) from discontinued operations, net of income tax, attributable to MetLife,
Inc. ............................................... $ 0.05 $ — $ — $ —
Netincome(loss)attributabletoMetLife,Inc. ......................... $ (0.67) $ (1.71) $ (0.75) $ 0.39
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders ............. $ (0.71) $ (1.74) $ (0.79) $ 0.35
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s
commonshareholders ..................................... $ (0.76) $ (1.74) $ (0.79) $ 0.35
Income (loss) from discontinued operations, net of income tax, attributable to MetLife,
Inc. ............................................... $ 0.05 $ — $ — $ —
Netincome(loss)attributabletoMetLife,Inc. ......................... $ (0.67) $ (1.71) $ (0.75) $ 0.39
Netincome(loss)availabletoMetLife,Inc.’scommonshareholders ............. $ (0.71) $ (1.74) $ (0.79) $ 0.35
22. Business Segment Information
MetLife is organized into five segments: Insurance Products, Retirement Products, Corporate Benefit Funding and Auto & Home
(collectively, “U.S. Business”) and International. The assets and liabilities of ALICO as of November 30, 2010 and the operating results
of ALICO from the Acquisition Date through November 30, 2010 are included in the International segment. In addition, the Company reports
certain of its results of operations in Banking, Corporate & Other, which includes MetLife Bank and other business activities. For reporting
purposes beginning in 2011, our non-U.S. Business results will be presented within two separate segments: Japan and Other International
Regions.
Insurance Products offers a broad range of protection products and services to individuals and corporations, as well as other institutions
and their respective employees, and is organized into three distinct businesses: Group Life, Individual Life and Non-Medical Health. Group
F-141MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)