MetLife 2012 Annual Report Download - page 210

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
22. Quarterly Results of Operations (Unaudited)
The unaudited quarterly results of operations for 2012 and 2011 are summarized in the table below:
Three Months Ended
March 31, June 30, September 30, December 31,
(In millions, except per share data)
2012
Total revenues ................................................................. $15,916 $18,398 $16,503 $17,333
Total expenses ................................................................. $16,325 $15,060 $17,513 $17,810
Income (loss) from continuing operations, net of income tax .............................. $ (134) $ 2,300 $ (957) $ 105
Income (loss) from discontinued operations, net of income tax ............................ $ 14 $ 3 $ — $ 31
Net income (loss) ............................................................... $ (120) $ 2,303 $ (957) $ 136
Less: Net income (loss) attributable to noncontrolling interests ............................ $ 24 $ 8 $ (3) $ 9
Net income (loss) attributable to MetLife, Inc. .......................................... $ (144) $ 2,295 $ (954) $ 127
Less: Preferred stock dividends .................................................... $ 30 $ 31 $ 30 $ 31
Preferred stock redemption premium ........................................... $ — $ — $ — $ —
Net income (loss) available to MetLife, Inc.’s common shareholders ........................ $ (174) $ 2,264 $ (984) $ 96
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax, available to
MetLife, Inc.’s common shareholders ............................................ $ (0.17) $ 2.13 $ (0.92) $ 0.06
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .................................................... $ 0.01 $ — $ — $ 0.03
Net income (loss) attributable to MetLife, Inc. ........................................ $ (0.14) $ 2.16 $ (0.90) $ 0.12
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ (0.16) $ 2.13 $ (0.92) $ 0.09
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax, available to
MetLife, Inc.’s common shareholders ............................................ $ (0.17) $ 2.12 $ (0.92) $ 0.06
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .................................................... $ 0.01 $ — $ — $ 0.03
Net income (loss) attributable to MetLife, Inc. ........................................ $ (0.14) $ 2.14 $ (0.90) $ 0.12
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ (0.16) $ 2.12 $ (0.92) $ 0.09
2011
Total revenues ................................................................. $15,907 $17,146 $20,453 $16,735
Total expenses ................................................................. $14,623 $15,636 $15,338 $15,460
Income (loss) from continuing operations, net of income tax .............................. $ 924 $ 1,062 $ 3,442 $ 963
Income (loss) from discontinued operations, net of income tax ............................ $ (40) $ 31 $ 8 $ 25
Net income (loss) ............................................................... $ 884 $ 1,093 $ 3,450 $ 988
Less: Net income (loss) attributable to noncontrolling interests ............................ $ 7 $ (7) $ (6) $ (2)
Net income (loss) attributable to MetLife, Inc. .......................................... $ 877 $ 1,100 $ 3,456 $ 990
Less: Preferred stock dividends .................................................... $ 30 $ 31 $ 30 $ 31
Preferred stock redemption premium ........................................... $ 146 $ — $ — $ —
Net income (loss) available to MetLife, Inc.’s common shareholders ........................ $ 701 $ 1,069 $ 3,426 $ 959
Basic earnings per common share:
Income (loss) from continuing operations, net of income tax, available to
MetLife, Inc.’s common shareholders ............................................ $ 0.70 $ 0.98 $ 3.22 $ 0.88
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .................................................... $ (0.04) $ 0.03 $ 0.01 $ 0.02
Net income (loss) attributable to MetLife, Inc. ........................................ $ 0.83 $ 1.04 $ 3.26 $ 0.93
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ 0.66 $ 1.01 $ 3.23 $ 0.90
Diluted earnings per common share:
Income (loss) from continuing operations, net of income tax, available to
MetLife, Inc.’s common shareholders ............................................ $ 0.70 $ 0.97 $ 3.20 $ 0.88
Income (loss) from discontinued operations, net of income tax,
attributable to MetLife, Inc. .................................................... $ (0.04) $ 0.03 $ 0.01 $ 0.02
Net income (loss) attributable to MetLife, Inc. ........................................ $ 0.82 $ 1.03 $ 3.24 $ 0.93
Net income (loss) available to MetLife, Inc.’s common shareholders ...................... $ 0.66 $ 1.00 $ 3.21 $ 0.90
204 MetLife, Inc.