MetLife 2011 Annual Report Download - page 233

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
21. Quarterly Results of Operations (Unaudited)
The unaudited quarterly results of operations for 2011 and 2010 are summarized in the table below:
Three Months Ended
March 31, June 30, September 30, December 31,
(In millions, except per share data)
2011
Total revenues ........................................... $15,911 $17,148 $20,457 $16,746
Total expenses .......................................... $14,429 $15,430 $15,152 $15,225
Income (loss) from continuing operations, net of income tax ........ $ 1,054 $ 1,199 $ 3,571 $ 1,127
Income (loss) from discontinued operations, net of income tax ...... $ (41) $ 31 $ 5 $ 25
Net income (loss) ........................................ $ 1,013 $ 1,230 $ 3,576 $ 1,152
Less: Net income (loss) attributable to noncontrolling interests ...... $ 7 $ (7) $ (6) $ (4)
Net income (loss) attributable to MetLife, Inc. ................... $ 1,006 $ 1,237 $ 3,582 $ 1,156
Less: Preferred stock dividends ............................. $ 30 $ 31 $ 30 $ 31
Preferred stock redemption premium .................... $ 146 $ — $ — $ —
Net income (loss) available to MetLife, Inc.’s common
shareholders .......................................... $ 830 $ 1,206 $ 3,552 $ 1,125
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax,
available to MetLife, Inc.’s common shareholders ............ $ 0.82 $ 1.11 $ 3.35 $ 1.04
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .............................. $ (0.04) $ 0.03 $ — $ 0.02
Net income (loss) attributable to MetLife, Inc. ................. $ 0.95 $ 1.17 $ 3.38 $ 1.09
Net income (loss) available to MetLife, Inc.’s common
shareholders ........................................ $ 0.78 $ 1.14 $ 3.35 $ 1.06
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax,
available to MetLife, Inc.’s common shareholders ............ $ 0.82 $ 1.10 $ 3.33 $ 1.04
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .............................. $ (0.04) $ 0.03 $ — $ 0.02
Net income (loss) attributable to MetLife, Inc. ................. $ 0.94 $ 1.16 $ 3.36 $ 1.08
Net income (loss) available to MetLife, Inc.’s common
shareholders ........................................ $ 0.78 $ 1.13 $ 3.33 $ 1.06
2010
Total revenues ........................................... $13,098 $14,139 $12,338 $12,690
Total expenses .......................................... $11,915 $11,775 $11,953 $12,710
Income (loss) from continuing operations, net of income tax ........ $ 828 $ 1,536 $ 317 $ 66
Income (loss) from discontinued operations, net of income tax ...... $ 6 $ 11 $ 3 $ 19
Net income (loss) ........................................ $ 834 $ 1,547 $ 320 $ 85
Less: Net income (loss) attributable to noncontrolling interests ...... $ (1) $ (10) $ 4 $ 3
Net income (loss) attributable to MetLife, Inc. ................... $ 835 $ 1,557 $ 316 $ 82
Less: Preferred stock dividends ............................. $ 30 $ 31 $ 30 $ 31
Net income (loss) available to MetLife, Inc.’s common
shareholders .......................................... $ 805 $ 1,526 $ 286 $ 51
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax,
available to MetLife, Inc.’s common shareholders ............ $ 0.97 $ 1.84 $ 0.33 $ 0.03
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .............................. $ 0.01 $ 0.01 $ — $ 0.02
Net income (loss) attributable to MetLife, Inc. ................. $ 1.02 $ 1.90 $ 0.36 $ 0.08
Net income (loss) available to MetLife, Inc.’s common
shareholders ........................................ $ 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 common shareholders ............ $ 0.96 $ 1.83 $ 0.32 $ 0.03
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .............................. $ 0.01 $ 0.01 $ — $ 0.02
Net income (loss) attributable to MetLife, Inc. ................. $ 1.01 $ 1.87 $ 0.36 $ 0.08
Net income (loss) available to MetLife, Inc.’s common
shareholders ........................................ $ 0.97 $ 1.84 $ 0.32 $ 0.05
MetLife, Inc. 229