| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | acquisition_addition | completed | 2025-12-30 | 2025-12-30 | Global | MIM (MetLife Investment Management) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Headcount added through acquisition not disclosed; purchase consideration was $885 million cash. | |||
| 2022-12-31 | divestiture_reduction | completed | 2021-07-01 | 2022-04-30 | Poland | EMEA segment | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed April 2022; no headcount figure disclosed | |||
| 2022-12-31 | divestiture_reduction | completed | 2021-07-01 | 2022-01-31 | Greece | EMEA segment | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed January 2022; no headcount figure disclosed | |||
| 2022-12-31 | acquisition_addition | completed | 2022-12-01 | 2022-12-31 | Global | Corporate & Other — investment management | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed December 2022; no headcount figure disclosed | |||
| 2022-12-31 | acquisition_addition | completed | 2022-02-01 | 2022-02-28 | India | Asia segment | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired ~15% additional ownership raising stake to ~47%; equity-method investment, no headcount disclosed | |||
| 2022-12-31 | acquisition_addition | announced | 2023-02-01 | United States | Corporate & Other — alternative investments | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement entered February 2023, subsequent to fiscal year-end; subject to customary closing conditions | ||||
| 2021-12-31 | divestiture_reduction | completed | 2020-12-11 | 2021-04-07 | United States | U.S. segment — Property & Casualty business | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale to Farmers Group, Inc. for $3.9 billion closed April 7, 2021; headcount not disclosed. Related gain of $1.4 billion ($1.0 billion after tax) recorded in net investment gains (losses) | |||
| 2021-12-31 | divestiture_reduction | completed | 2020-12-31 | 2021-01-31 | Russia | EMEA segment | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed January 2021; headcount not disclosed. Loss of $133 million net of income tax recorded in 2020 | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-09-30 | 2021-09-30 | Argentina | Latin America segment | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale completed September 2021; headcount not disclosed. Loss of $205 million net of income tax recorded in 2021 | |||
| 2021-12-31 | divestiture_reduction | in_progress | 2021-07-31 | 2022-06-30 | Poland and Greece | EMEA segment | USD 214 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreements to sell to NN Group N.V. for $738 million total consideration announced July 2021; expected loss of $214 million net of income tax recorded in 2021. Greece sale completed January 2022 (subsequent event); Poland expected to close in first half of 2022. Headcount not disclosed | ||
| 2021-12-31 | acquisition_addition | completed | 2020-12-30 | 2020-12-30 | United States | Group Benefits | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of Versant Health, Inc. completed December 30, 2020. Headcount not explicitly disclosed. | |||
| 2021-12-31 | divestiture_reduction | completed | 2021-04-07 | 2021-04-07 | United States | Property & Casualty | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Disposition of MetLife Property and Casualty Insurance Company completed April 2021. Headcount not explicitly disclosed. | |||
| 2021-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2021-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Global | Corporate & Other | USD 0 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program: $0 new restructuring charges in 2020; $6M severance balance remaining at year-end. Cumulative severance charges since inception: $244M. Program charges were completed in December 2019. | ||||
| 2020-12-31 | acquisition_addition | completed | 2020-12-30 | 2020-12-30 | United States | U.S. segment | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired Versant Health (managed vision care) for $1.8B on December 30, 2020. Headcount added not disclosed. | |||
| 2020-12-31 | acquisition_addition | completed | 2020-01-31 | United States | U.S. segment | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed acquisition of PetFirst Healthcare, LLC (pet health insurance administrator) in January 2020. Headcount added not disclosed. | ||||
| 2020-12-31 | divestiture_reduction | in_progress | 2020-12-31 | 2021-06-30 | United States | U.S. segment — Property & Casualty | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell MetLife P&C to Farmers Group for $3.9B in cash, announced December 2020. Expected to close Q2 2021. Headcount removed not disclosed. | |||
| 2020-12-31 | divestiture_reduction | completed | 2021-01-31 | Russia | EMEA segment | USD 133 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell MetLife Russia entered December 2020; sale completed January 2021. Loss of $133M net of income tax recorded in 2020. Headcount removed not disclosed. | |||
| 2020-12-31 | divestiture_reduction | completed | 2020-10-31 | Argentina | Latin America segment | USD 162 (millions) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold MetLife Seguros de Retiro in October 2020. Loss of $162M net of income tax. Headcount removed not disclosed. | |||
| 2020-12-31 | restructuring | completed | 2019-12-31 | 2020-12-31 | Global | Corporate & Other | USD 0 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Remaining restructuring charges related to unit cost improvement program incurred in Dec 2019; no new severance charges in 2020. | ||
| 2020-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2020-09-30 | restructuring | completed | 2019-12-01 | 2020-09-30 | Global | Corporate & Other | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program restructuring charges incurred in December 2019. No new restructuring charges recorded in Q3 2020 or YTD 2020. Cash payments of $8M (Q3) and $47M (YTD) reduced the liability balance to $10M. | ||
| 2020-09-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-06-30 | restructuring | in_progress | 2019-12-01 | Corporate & Other | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program. No new restructuring charges incurred in Q2 2020; $4 million cash payments made. Total severance charges since inception are $244 million. | ||||
| 2020-06-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2020-03-31 | restructuring | in_progress | United States | Corporate & Other | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program; remaining charges incurred Dec 2019. Q1 2020 severance rollforward: beginning balance $57M, cash payments $35M, ending balance $22M. No employee count or completion date disclosed. | |||||
| 2020-03-31 | restructuring | in_progress | 2019-12-01 | Global | Corporate & Other | USD 0 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program. No new charges incurred in Q1 2020; $35M cash payments made. Total severance charges since inception: $244M. | |||
| 2020-03-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 0 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | completed | 2019-12-31 | Global | Corporate & Other | USD 108 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program; $108M severance charge in FY2019, $244M cumulative since inception. Remaining charges incurred in December 2019. Also $43M lease and asset impairment charges in 2019. Employees affected not disclosed. | |||
| 2019-12-31 | restructuring | completed | 2019-12-31 | Global | Corporate & Other | USD 244 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Cumulative severance charges incurred since inception of unit cost improvement initiative. Remaining restructuring charges incurred in Dec 2019. | |||
| 2019-12-31 | restructuring | completed | 2019-12-31 | Global | Corporate & Other | USD 43 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Lease and asset impairment charges recognized in 2019 related to unit cost improvement program. | |||
| 2019-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 108,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 43,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2019-09-30 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Enterprise-wide | USD 61 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced 2016; $61M severance charges in YTD 2019 ($40M in Q3 2019). Severance liability balance $47M at 2019-09-30. Employee headcount affected not disclosed. Management expects program to close by year-end 2019. | ||
| 2019-09-30 | divestiture_reduction | in_progress | 2019-06-01 | 2020-12-31 | Hong Kong | Asia segment | USD 140 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited. $140M net-of-tax loss recorded YTD 2019. Headcount affected not disclosed. MetLife Hong Kong had $2.9B total assets in Asia segment. | ||
| 2019-09-30 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Corporate & Other | USD 61 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program commenced in 2016. $61M restructuring charges incurred YTD 2019. Management expects to bring the program to a close by Dec 31, 2019. Employee count not disclosed. | ||
| 2019-09-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 40,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-06-30 | restructuring | in_progress | 2016 | 2019-12-31 | Global | Corporate & Other (enterprise-wide unit cost improvement program) | USD 21 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance charges of $14M in Q2 2019 and $21M YTD 2019; severance liability balance $20M at June 30, 2019; $157M charged since 2016 inception. Filer states further charges expected through Dec 31, 2019 but plans were not sufficiently developed to estimate them. No employee counts disclosed. | ||
| 2019-06-30 | divestiture_reduction | announced | 2019-06 | 2020 | Hong Kong | Asia | USD 140 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell MetLife Limited and Metropolitan Life Insurance Company of Hong Kong Limited; $140M net-of-tax loss recorded (a $100M pre-tax loss in net investment gains including $75M allocated goodwill, plus a $40M net tax charge). Subsidiaries had $2.9B total assets at June 30, 2019. No headcount disclosed; close expected in 2020 subject to regulatory approvals. | ||
| 2019-06-30 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Corporate & Other | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program commenced in 2016. Q2 2019 severance charges of $14M. Management anticipates further charges through year-end 2019 but plans were not sufficiently developed to estimate employee counts. | ||
| 2019-06-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 14,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2019-03-31 | restructuring | in_progress | 2016-01-01 | Global | Enterprise-wide | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced in 2016; $7M severance charge in Q1 2019; $17M severance balance at 2019-03-31; $143M cumulative charges since inception; further charges anticipated through 2019 but not estimable at quarter-end. Employee count not disclosed. | |||
| 2019-03-31 | restructuring | in_progress | 2019-12-31 | Global | Corporate & Other | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of unit cost improvement program commenced in 2016. Management anticipates further charges through year-end 2019 but plans were not sufficiently developed to estimate total charges. | |||
| 2019-03-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-12-31 | restructuring | in_progress | 2016-01-01 | Global | Enterprise-wide | USD 63 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced 2016; FY2018 severance restructuring charges of $63M. Cumulative charges since inception $136M through FY2018. Further charges anticipated in 2019 but not estimable at year-end. Employee headcount affected not disclosed. | |||
| 2018-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 63,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2018-09-30 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Corporate & Other | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program commenced in 2016. Q3 2018 charges were $17M. Total charges since inception $108M. Employee count not disclosed. | ||
| 2018-09-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 17,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-06-30 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Corporate & Other | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program commenced in 2016. Q2 2018 severance charges were $9 million. Total restructuring charges incurred since inception were $91 million. Management anticipates further charges through year-end 2019 but could not estimate them at June 30, 2018. Employee count affected is not disclosed. | ||
| 2018-06-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 9,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2018-03-31 | restructuring | in_progress | 2019-12-31 | Global | Corporate & Other | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program. Management anticipates further charges through year-end 2019 but could not estimate total charges as of March 31, 2018. | |||
| 2018-03-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 9,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-12-31 | divestiture_reduction | completed | 2017-08-04 | 2017-08-04 | United States | Brighthouse Financial segment | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Separation of Brighthouse Financial completed August 4, 2017; eliminated the Brighthouse Financial segment. Employee count not disclosed. | |||
| 2017-12-31 | acquisition_addition | completed | 2017-09-15 | 2017-09-15 | United States | Corporate & Other — investment management | USD 250 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Logan Circle Partners, L.P. for approximately $250 million cash; more than 100 institutional clients and more than $37 billion AUM. Employee count not disclosed. | ||
| 2017-12-31 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Enterprise-wide | USD 38 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced 2016; $38M severance charge in FY2017 (cumulative $73M since inception). Management anticipates further charges through 2019. Employees affected not disclosed. | ||
| 2017-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 38,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2017-09-30 | divestiture_reduction | completed | 2017-08-04 | 2017-08-04 | United States | Brighthouse Financial (former Retail segment, portions of Corporate Benefit Funding and Corporate & Other) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Brighthouse Financial completed 2017-08-04; 96,776,670 shares distributed. Employee headcount impact not disclosed. | |||
| 2017-09-30 | restructuring | in_progress | 2019-12-31 | Global | Enterprise-wide (Corporate & Other) | USD 25 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced 2016; $25M severance charges YTD 2017 ($3M in Q3); $60M cumulative since inception. Employee count not disclosed. Management anticipates further charges through 2019. | |||
| 2017-09-30 | acquisition_addition | completed | 2017-09-15 | 2017-09-15 | United States | Investment management (Logan Circle Partners, L.P.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Logan Circle Partners for ~$250M cash; >100 institutional clients and >$37B AUM. Employee headcount added not disclosed. | |||
| 2017-09-30 | divestiture_reduction | announced | 2017-10-25 | 2018-06-30 | Mexico | MetLife Afore (pension fund management) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell MetLife Afore to Principal Financial Group subsidiary; expected close H1 2018. Employee headcount impact not disclosed. | |||
| 2017-09-30 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Corporate & Other | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program commenced in 2016. Q3 2017 severance charge of $3 million. Total restructuring charges incurred since inception are $60 million. Management anticipates further charges through 2019 but estimates are not sufficiently developed. | ||
| 2017-09-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 3,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-06-30 | restructuring | in_progress | 2016 | 2019-12-31 | Global | Enterprise-wide | USD 22 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced 2016; $22M severance charges in YTD 2017 (Q2: $11M). No employee count disclosed. Management anticipates further charges through 2019 but no estimate available at June 30, 2017. | ||
| 2017-06-30 | divestiture_reduction | in_progress | 2017-06-29 | 2017-08-04 | United States | Brighthouse Financial | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Spin-off of Brighthouse Financial approved June 29, 2017; distribution date August 4, 2017. No employee count disclosed for workforce transferred with the spin-off. | |||
| 2017-06-30 | restructuring | in_progress | 2019-12-31 | Global | Corporate & Other | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program; 3-month period charge. Total YTD severance charge $22 million. Management anticipates further charges through 2019 but estimates not sufficiently developed. | |||
| 2017-06-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 11,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2017-03-31 | restructuring | in_progress | 2016 | 2019-12-31 | Global | Enterprise-wide (reported in Corporate & Other) | USD 11 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program commenced in 2016; $11M severance charge in Q1 2017, $46M cumulative since inception. No employee count disclosed. Management anticipates further charges through 2019. | ||
| 2017-03-31 | restructuring | in_progress | 2019-12-31 | Global | Corporate & Other | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Unit cost improvement program. Management anticipates further charges through 2019 but could not estimate total charges at March 31, 2017. Q1 2017 severance charge was $11 million. | |||
| 2017-03-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] / Unit Cost Initiative [Member] | USD 11,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | 2016-01-01 | 2019-12-31 | Global | Corporate & Other | USD 35 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Unit cost improvement program announced in 2016; $35M primarily severance recorded in 2016. Management anticipates further charges through 2019 but could not estimate them at year-end. | ||
| 2016-12-31 | divestiture_reduction | completed | 2016-07-01 | 2016-07-31 | United States | U.S. Retail Advisor Force / MetLife Premier Client Group | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of U.S. retail advisor force and MetLife Securities to MassMutual for $291M completed July 2016; headcount transferred not disclosed. | |||
| 2016-12-31 | divestiture_reduction | announced | 2016-01-12 | United States | Brighthouse Financial (former Retail segment) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Planned spin-off of Brighthouse Financial; Form 10 filed October 2016. Headcount impact not disclosed. | ||||
| 2016-12-31 | restructuring | in_progress | Other Expense [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Other Expense [Member] / Unit Cost Initiative [Member] | USD 35,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 0 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2016-06-30 | divestiture_reduction | completed | 2016-07-01 | 2016-07-31 | United States | Retail (U.S. Retail advisor force and MetLife Premier Client Group) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale to MassMutual of U.S. Retail advisor force and MetLife Securities, Inc. for $280M; no headcount disclosed | |||
| 2016-06-30 | restructuring | announced | 2016-01-12 | United States | Retail, Corporate Benefit Funding, Corporate & Other (planned Separation / Brighthouse Financial) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Planned separation of substantial Retail portion as Brighthouse Financial; segment reorganization from Q3 2016; no headcount disclosed | ||||
| 2016-06-30 | restructuring | announced | 2016-06-30 | 2019-12-31 | Global | Enterprise-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Unit cost initiative targeting ~$1B net pre-tax run-rate expense savings by end of 2019; no employee count disclosed | |||
| 2016-06-30 | restructuring | in_progress | 2016-01-12 | United States | Retail, Corporate Benefit Funding, Corporate & Other | MD&A f5-10q / Qwen3.6-27B-Q8_0 | MetLife announced plan to separate substantial portion of Retail segment (Life & Other, Annuities) and portions of Corporate Benefit Funding and Corporate & Other. Note 3 mentions 'certain charges that were recorded during the three months and six months ended June 30, 2016' related to the U.S. Retail Advisor Force Divestiture to MassMutual, but does not disclose specific employee counts affected. | ||||
| 2016-03-31 | divestiture_reduction | announced | 2016-02-28 | United States | Retail (U.S. Retail advisor force and MetLife Premier Client Group, including MetLife Securities, Inc.) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Purchase agreement with MassMutual to acquire MetLife's U.S. Retail advisor force and related assets; purchase price approximately $300 million. No employee count disclosed. Company recorded charges to computer software and employee benefit plans (including postretirement plan curtailment charges per Note 11) in Q1 2016; amounts not quantified in the filing. Transaction subject to regulatory approval and other closing conditions. | ||||
| 2016-03-31 | restructuring | in_progress | 2016-02-28 | United States | Retail | other f5-10q / Qwen3.6-27B-Q8_0 | MetLife entered into a purchase agreement with MassMutual to acquire the U.S. Retail advisor force and certain assets. The Company recorded charges to computer software and employee benefit plans related to the transaction. | ||||
| 2015-12-31 | restructuring | in_progress | 2012 | Global | Enterprise-wide | USD 64 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2015 charges of $64M ($60M severance, $4M lease/asset impairment); $22M accrual remaining at year-end; $429M cumulative since 2012 program inception; further charges of $5-10M expected through 2016. Employees affected not disclosed. | |||
| 2015-12-31 | other | announced | 2016-01-12 | United States | Retail; portions of Corporate Benefit Funding and Corporate & Other | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Post-year-end announcement of plan to pursue separation of a substantial portion of the Retail segment via public offering, spin-off, or sale; no headcount impact disclosed. | ||||
| 2015-12-31 | restructuring | in_progress | Other Expense [Member] | USD 64,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 60,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2015-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 4,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | 2012-01-01 | 2016-12-31 | Global | Enterprise-wide | USD 91 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced 2012; $91M charge in FY2014 (severance $83M, lease/asset impairment $8M); $37M accrual balance at year-end; cumulative $365M since inception; further charges anticipated through 2016 but not estimable at year-end. | ||
| 2014-12-31 | restructuring | in_progress | Other Expense [Member] | USD 91,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 83,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 8,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2014-09-30 | restructuring | in_progress | 2012-01-01 | 2016-12-31 | Global | Enterprise-wide | USD 53 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced in 2012; $53M charged in 9M 2014 ($46M severance, $7M lease/asset impairment); cumulative $328M since inception; further charges expected through 2016 but not estimable at 9/30/2014. No employee count disclosed. | ||
| 2014-09-30 | restructuring | in_progress | 2016-12-31 | Global | Corporate & Other | USD 22 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. Q3 2014 charges: $20M severance, $2M lease/asset impairment. Total YTD 2014 charges: $53M ($46M severance, $7M lease/asset). Management anticipates further charges through 2016 but estimates are not sufficiently developed. | |||
| 2014-09-30 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 7,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-09-30 | restructuring | in_progress | Other Expense [Member] | USD 53,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-09-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 46,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-06-30 | restructuring | in_progress | 2012-01-01 | 2016-12-31 | Global | Enterprise-wide | USD 31 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced in 2012. Six months ended June 30, 2014 charges: $31M ($26M severance, $5M lease/asset impairment). Cumulative since inception: $306M ($267M severance, $39M lease/asset impairment). No employee headcount disclosed. Further charges expected through 2016; not sufficiently developed to estimate. | ||
| 2014-06-30 | restructuring | in_progress | 2016-12-31 | Global | Corporate & Other | USD 18 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Q2 2014 charges for enterprise-wide strategic initiative. Employee count not disclosed. | |||
| 2014-06-30 | restructuring | in_progress | 2016-12-31 | Global | Corporate & Other | USD 31 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2014 charges for enterprise-wide strategic initiative. Employee count not disclosed. | |||
| 2014-06-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 14,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-06-30 | restructuring | in_progress | Other Expense [Member] | USD 18,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-06-30 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 4,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-03-31 | restructuring | in_progress | 2015-12-31 | Global | Corporate & Other | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. Charges include severance ($12M) and lease/asset impairment ($1M). Employee count not disclosed. | |||
| 2014-03-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 1,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-03-31 | restructuring | in_progress | Other Expense [Member] | USD 13,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2014-03-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 12,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Enterprise-wide | USD 115 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced 2012; 2013 charges of $115M ($99M severance, $16M lease/asset impairment); $46M accrued at year-end; further charges expected through 2015; employee count not disclosed | ||
| 2013-12-31 | acquisition_addition | completed | 2013-10-01 | 2013-10-01 | Chile | Latin America | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Administradora de Fondos de Pensiones Provida S.A. for $1.9B; headcount added not disclosed | |||
| 2013-12-31 | divestiture_reduction | completed | 2013-01-11 | 2013-08-30 | United States | Corporate & Other (MetLife Bank) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | MetLife Bank divestiture completed during 2013; deposits sold Jan 2013, mortgage servicing wound down, bank merged into MLHL Aug 2013; headcount removed not disclosed | |||
| 2013-12-31 | divestiture_reduction | announced | 2014-02-14 | 2014-06-30 | Global | Corporate & Other | USD 370 (millions) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell MetLife Assurance Limited; expected charge of $350M-$390M net of tax in Q1 2014; headcount not disclosed | ||
| 2013-12-31 | restructuring | completed | 2013 | Global | Corporate & Other | USD 29 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Part of enterprise-wide strategic initiative; majority of $29M restructuring charge related to severance. | |||
| 2013-12-31 | acquisition_addition | completed | 2013-10-01 | Chile | Latin America | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Acquisition of ProVida, largest private pension fund administrator in Chile. | ||||
| 2013-12-31 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 99,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 16,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-12-31 | restructuring | in_progress | Other Expense [Member] | USD 115,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Enterprise-wide | USD 65 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced in 2012. YTD 2013 charges: $51M severance, $14M lease/asset impairment. Q3 2013 charges: $14M severance, $2M lease/asset impairment. Cumulative charges since inception: $224M. No employee headcount affected disclosed. Management anticipates further charges through 2015 but could not estimate amounts at Sept 30, 2013. | ||
| 2013-09-30 | restructuring | in_progress | 2010-11-01 | Global | Corporate & Other — ALICO integration | USD 115 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration-related costs for ALICO acquisition: $115M for nine months ended Sept 30, 2013 ($25M in Q3 2013), down from $239M YTD 2012. Costs include consulting and IT integration. No employee headcount affected disclosed. | |||
| 2013-09-30 | divestiture_reduction | in_progress | 2013-01-11 | United States | Corporate & Other — MetLife Bank | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | MetLife Bank divestiture: deposit sale completed Jan 2013, bank deregistered Feb 2013, merged into MLHL Aug 2013. Net losses of $96M (YTD) and $22M (Q3) recorded. Additional charges of $40-65M expected. No employee headcount disclosed. | ||||
| 2013-09-30 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Corporate & Other | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. Q3 2013 charges: $14M severance, $2M lease/asset impairment. Total charges since inception: $224M. Employee count not disclosed. | ||
| 2013-09-30 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Corporate & Other | USD 65 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. YTD 2013 charges: $51M severance, $14M lease/asset impairment. Employee count not disclosed. | ||
| 2013-09-30 | restructuring | in_progress | Other Expense [Member] / Employee Severance [Member] | USD 14,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Other Expense [Member] / Facility Closing [Member] | USD 2,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2013-09-30 | restructuring | in_progress | Other Expense [Member] | USD 16,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2013-06-30 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Enterprise-wide | USD 49 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative focused on cost reduction and efficiency. $49M charged in six months ended June 30, 2013 ($16M in Q2). Primarily severance-related. No employee count disclosed. Further charges expected through 2015 but not yet estimable. | ||
| 2013-06-30 | divestiture_reduction | in_progress | 2013-01-11 | United States | Corporate & Other (MetLife Bank) | USD 74 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | MetLife Bank divestiture: deposit sale completed Jan 11, 2013; bank deregistered as bank holding company. Net losses of $74M (six months 2013) related to exit. No employee count disclosed. Additional charges of $65-90M expected. | |||
| 2013-06-30 | acquisition_addition | announced | 2013-02-01 | 2013-12-31 | Chile | Latin America | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pending acquisition of Administradora de Fondos de Pensiones Provida S.A., Chile's largest private pension fund administrator. Purchase price approximately $2.1 billion. Expected to close Q4 2013. No headcount disclosed. | |||
| 2013-06-30 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Corporate & Other | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative commenced in 2012. Q2 2013 charges were $16M. Total charges since inception are $208M. Management anticipates further charges through 2015 but could not estimate them at June 30, 2013. Employee count affected not disclosed. | ||
| 2013-06-30 | restructuring | in_progress | 2012-01-01 | 2015-12-31 | Global | Corporate & Other | USD 49 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD 2013 charges for the enterprise-wide strategic initiative were $49M. Employee count affected not disclosed. | ||
| 2013-06-30 | restructuring | in_progress | USD 49,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2013-03-31 | restructuring | in_progress | 2012-01-01 | 2014-12-31 | Global | Enterprise-wide | USD 33 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced in 2012; charges primarily severance-related. $192M cumulative since inception. No employee count disclosed. Further charges expected through 2014 but not estimable at March 31, 2013. | ||
| 2013-03-31 | divestiture_reduction | in_progress | 2013-01-11 | United States | MetLife Bank | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of MetLife Bank's $6.4B deposits completed January 11, 2013; bank exiting substantially all operations. Additional charges of $80M–$105M (net of tax) expected. No employee count disclosed. | ||||
| 2013-03-31 | restructuring | in_progress | 2014-12-31 | Global | Corporate & Other | USD 33 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. Charges primarily related to severance. Management anticipates further charges through Dec 31, 2014 but could not estimate total at March 31, 2013. | |||
| 2013-03-31 | restructuring | in_progress | USD 33,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2012-12-31 | restructuring | in_progress | 2012-01-01 | 2014-12-31 | Global | Enterprise-wide | USD 159 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative commenced 2012; charges primarily severance-related; further charges expected through 2014 but not estimable at year-end; $136M cash paid during 2012, $23M balance at 12/31/2012 | ||
| 2012-12-31 | restructuring | in_progress | 2010-11-01 | 2013-03-31 | Global | Corporate & Other (ALICO integration) | USD 10 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | ALICO integration restructuring; $10M charge in FY2012; program finalized with remaining payments expected by 2013-03-31; cumulative charges since inception $66M | ||
| 2012-12-31 | restructuring | in_progress | 2012 | 2014-12-31 | Global | Enterprise-wide | USD 159 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative commenced in 2012. $159 million in charges incurred in 2012, primarily related to severance. Management anticipates further charges through 2014 but did not estimate them at year-end. | ||
| 2012-12-31 | restructuring | completed | 2010-11-01 | 2013-03-31 | Global | ALICO Integration | USD 10 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Restructuring program associated with ALICO Acquisition integration. $10 million in charges incurred in 2012. Program finalized with remaining payments expected by March 31, 2013. | ||
| 2012-12-31 | restructuring | in_progress | USD 159,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | |||||||
| 2012-12-31 | restructuring | in_progress | American Life Insurance Company Alico And Delaware American Life Insurance Delam [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10k / no-ai-xblr | ||||||
| 2012-09-30 | restructuring | in_progress | 2012-01-01 | 2014-12-31 | Global | Enterprise-wide | USD 101 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative; $101M charged in nine months ended 2012-09-30; further charges anticipated through 2014 but not estimable at quarter-end. No employee count disclosed. | ||
| 2012-09-30 | restructuring | in_progress | 2011-01-01 | 2013-03-31 | Global | Corporate & Other (ALICO integration) | USD 10 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring tied to ALICO acquisition integration; $10M charged in nine months ended 2012-09-30; $66M cumulative since inception. No employee count disclosed. | ||
| 2012-09-30 | divestiture_reduction | in_progress | 2012-01-01 | United States | MetLife Bank — depository, mortgage origination and servicing businesses | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | MetLife Bank exiting depository, forward/reverse mortgage origination and servicing; forward mortgage servicing sale to JPMorganChase announced 2012-11-02. No employee count disclosed. | ||||
| 2012-09-30 | restructuring | in_progress | 2013-03-31 | Global | Corporate & Other | USD 1 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | ALICO integration restructuring program. $1M charge in Q3 2012. Remaining payments expected by March 31, 2013. Employee count not disclosed. | |||
| 2012-09-30 | restructuring | in_progress | 2014-12-31 | Global | Corporate & Other | USD 54 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. $54M charge in Q3 2012 ($101M YTD). Includes severance, lease and asset impairments. Employee count not disclosed. Plans not sufficiently developed to estimate total charges. | |||
| 2012-09-30 | restructuring | in_progress | USD 101,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | |||||||
| 2012-09-30 | restructuring | in_progress | American Life Insurance Company Alico And Delaware American Life Insurance Delam [Member] | USD 10,000,000 (absolute) | restructuring_footnote f5-10q / no-ai-xblr | ||||||
| 2012-06-30 | restructuring | in_progress | Global | Corporate & Other | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide strategic initiative with severance charges of $47M YTD 2012; further charges expected through 2014 but not estimable at quarter-end. | ||||
| 2012-06-30 | restructuring | in_progress | Global | Corporate & Other | USD 9 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | ALICO integration restructuring charges of $9M YTD 2012; further charges expected through 2013 but not estimable at quarter-end. | ||||
| 2012-06-30 | restructuring | in_progress | 2013-12-31 | Global | Corporate & Other | USD 9 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | ALICO integration restructuring charges incurred in current period. Management anticipates further charges through year ended Dec 31, 2013, but plans not sufficiently developed to estimate total. | |||
| 2012-06-30 | restructuring | in_progress | 2014-12-31 | Global | Corporate & Other | USD 47 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide strategic initiative. Total restructuring charges incurred since inception. Management anticipates further charges through year ending Dec 31, 2014, but plans not sufficiently developed to estimate total. | |||
| 2012-06-30 | other | completed | 2012-06-29 | 2012-06-29 | United States | MetLife Bank | USD 67 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Sale of majority of MetLife Bank's reverse mortgage servicing rights and related assets/liabilities. Resulted in a loss on disposal of $67 million, net of income tax. Employee count not disclosed. | ||
| 2012-03-31 | restructuring | in_progress | 2013-12-31 | Corporate & Other | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges related to ALICO acquisition integration. Management anticipates further charges through year-end 2013 but plans are not sufficiently developed to estimate total charges. | ||||
| 2012-03-31 | other | in_progress | Corporate & Other | USD 18 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Employee-related costs associated with the Company's reorganization. | |||||
| 2011-12-31 | restructuring | in_progress | 2013-12-31 | Global | Corporate & Other | USD 46 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | ALICO integration restructuring plans; $46M charged in 2011, $56M cumulative since inception. Management anticipates further charges through 2013 but plans not sufficiently developed to estimate. | |||
| 2011-12-31 | restructuring | completed | 2008-09-01 | 2011-12-31 | Global | Corporate & Other | USD 1 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide cost reduction and revenue enhancement initiative begun September 2008, fully implemented by December 31, 2011. $1M charged in 2011; $194M cumulative since inception. | ||
| 2011-12-31 | acquisition_addition | completed | 2010-11-01 | 2010-11-01 | International | Japan and Other International Regions | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | ALICO acquisition completed November 1, 2010; headcount added not separately disclosed. Integration-related costs of $362M incurred in 2011. | |||
| 2011-12-31 | divestiture_reduction | in_progress | 2011-12-01 | 2012-06-30 | United States | Corporate & Other (MetLife Bank) | USD 212 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of most of MetLife Bank depository business; $212M net-of-tax charges in 2011 including OTTI, hedge de-designation, goodwill impairment, and employee-related charges. Additional $90-110M expected in 2012 for forward mortgage exit. | ||
| 2011-12-31 | divestiture_reduction | in_progress | 2011-11-01 | 2012-06-30 | Caribbean, Panama, Costa Rica | Other International Regions | USD 21 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Caribbean Business insurance operations; $21M net-of-tax loss recorded in 2011 including intent-to-sell OTTI charges. | ||
| 2011-09-30 | restructuring | in_progress | 2013-12-31 | Global | Banking, Corporate & Other | USD 31 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring costs related to the integration of ALICO. Management anticipates further charges through 2013 but plans are not sufficiently developed to estimate total charges. Nine months ended Sept 30, 2011 charges were $31 million. | |||
| 2011-06-30 | restructuring | in_progress | Global | Banking, Corporate & Other | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | ALICO integration restructuring; $24M charges in six months ended June 30, 2011; $9M balance at period end; $34M cumulative since inception. Filer states plans are not sufficiently developed to estimate further charges. No employee count disclosed. | ||||
| 2011-06-30 | restructuring | in_progress | 2011-12-31 | Global | Banking, Corporate & Other | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Restructuring charges incurred in current period. Management anticipates further charges through year-end but plans are not sufficiently developed to estimate employee counts. | |||
| 2011-06-30 | restructuring | in_progress | 2011-12-31 | Global | Banking, Corporate & Other | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | YTD restructuring charges incurred. Includes severance, contract termination costs and other associated costs. | |||
| 2011-03-31 | restructuring | in_progress | 2011-12-31 | Global | Banking, Corporate & Other | USD 17 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance-related restructuring charge for Q1 2011 tied to ALICO integration; cumulative charges since inception $27M, cash payments $14M, accrual balance $13M at 2011-03-31. Number of employees affected not disclosed. Further charges anticipated through 2011 but not estimable at quarter-end. | |||
| 2011-03-31 | acquisition_addition | completed | 2010-11-01 | 2010-11-01 | Global | Japan; Other International Regions | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of American Life Insurance Company and DelAm completed 2010-11-01 for $16.4B. Headcount added through acquisition not disclosed in this filing. | |||
| 2011-03-31 | divestiture_reduction | in_progress | 2011-12-31 | Taiwan | Other International Regions | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell MetLife Taiwan Insurance Company Limited for $180M; expected close no later than 2011-12-31. Headcount removed not disclosed. | ||||
| 2011-03-31 | divestiture_reduction | completed | 2011-04-01 | Japan | Other International Regions | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of 50% interest in Mitsui Sumitomo MetLife Insurance Co., Ltd. closed 2011-04-01 for $267M. Headcount removed not disclosed. | ||||
| 2011-03-31 | restructuring | in_progress | 2011-12-31 | Banking, Corporate & Other | USD 17 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance-related restructuring charge associated with termination of certain employees in connection with ALICO integration. Total severance charges since inception were $27 million. Employee count not disclosed. | ||||
| 2010-12-31 | restructuring | in_progress | 2010-11-01 | 2011-12-31 | Global | International (ALICO) | USD 4 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Severance-related restructuring charge of $4 million recognized in 2010 associated with ALICO integration. Management anticipates further charges through 2011 but estimates were not sufficiently developed at year-end. | ||
| 2010-12-31 | acquisition_addition | completed | 2010-11-01 | 2010-11-01 | Global (US, Western Europe, Japan, Eastern Europe, Latin America, Middle East) | International | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Completed acquisition of American Life Insurance Company and Delaware American Life Insurance Company (Alico); filing does not disclose associated headcount added. Consideration included $7.2 billion cash, common stock, convertible preferred stock and $3.0 billion Equity Units. | |||
| 2010-09-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Enterprise-wide | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide cost reduction and revenue enhancement initiative begun September 2008; $191M total charges since inception; $14M incurred in nine months ended 2010-09-30; no employee count disclosed; further charges anticipated in Q4 2010 but not estimable at quarter-end. | ||
| 2010-09-30 | acquisition_addition | announced | 12,500 | 2010-11-01 | 2010-11-01 | Global (more than 50 countries) | International | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of ALICO and DelAm closed 2010-11-01 (after quarter-end); Alico Business includes 12,500 employees across more than 50 countries and 20 million customers; headcount not yet reflected in reported workforce totals. | ||
| 2010-09-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Enterprise-wide | Banking, Corporate & Other | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction initiative. Q3 2010 charges included $2M severance and -$3M estimate changes. Total charges since inception $191M. No employee count disclosed for this period. | ||
| 2010-06-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Enterprise-wide | USD 15 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operational Excellence cost reduction initiative begun Sept 2008; $15M severance charges in 6M 2010; no employee count disclosed. Total charges since inception $192M. Additional charges expected in 2010 but not estimable at quarter-end. | ||
| 2010-06-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Enterprise-wide | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction initiative begun in Sept 2008. Q2 2010 severance charges were $2M. Total charges since inception $192M. Employee count affected not disclosed in this filing. | ||
| 2010-03-31 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Enterprise-wide (charges recorded in Banking, Corporate & Other) | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operational Excellence cost reduction initiative begun September 2008. Q1 2010 severance charges $11M plus $2M estimate change; $24M cash payments; $25M accrual balance at quarter end. No employee headcount disclosed. Additional restructuring charges expected in 2010 but not estimable at March 31, 2010. | ||
| 2010-03-31 | acquisition_addition | announced | 2010-03-07 | 2010-12-31 | Global | Insurance (Alico / Delaware American Life) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Stock purchase agreement to acquire Alico and Delaware American Life for $6.8B cash plus stock and equity units. No headcount of acquired employees disclosed. $27M transaction costs incurred in Q1 2010. | |||
| 2010-03-31 | divestiture_reduction | announced | 2010-04-19 | 2010-12-31 | Taiwan | International — MetLife Taiwan Insurance Company Limited | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Definitive agreement to sell MetLife Taiwan for approximately $113M cash. Total equity of MetLife Taiwan was $218M at March 31, 2010. No headcount disclosed. | |||
| 2010-03-31 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Enterprise-wide | Banking, Corporate & Other | USD 13 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction initiative initiated in September 2008. Q1 2010 incurred $13M in severance charges. Total charges since inception are $190M. Employee count affected not disclosed. | ||
| 2009-12-31 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Banking, Corporate & Other (enterprise-wide) | USD 76 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide cost reduction and revenue enhancement initiative begun September 2008, expected fully implemented by December 31, 2010. FY2009 charges of $76M (severance $84M less $8M estimate change, plus $28M lease charges less $2M cash payments). Cumulative charges since inception $177M. Severance liability balance at year-end $36M. Employee headcount affected not disclosed. Further charges expected in 2010 but not estimable at filing date. | ||
| 2009-12-31 | divestiture_reduction | completed | 2008-12-31 | 2009-03-02 | United States | Insurance Products (Texas Life Insurance Company / Cova Corporation) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Cova Corporation (parent of Texas Life Insurance Company) completed March 2, 2009 for $130M cash. Net assets sold $101M; gain on disposal $28M net of tax. Headcount removed not disclosed. | |||
| 2009-12-31 | divestiture_reduction | completed | 2009-10-30 | 2009-10-30 | Canada | International (MetLife Canada) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Disposal through assumption reinsurance of substantially all insurance business of MetLife Canada to a third-party. Consideration $259M; gain of $5M net of tax. Headcount removed not disclosed. | |||
| 2009-12-31 | plant_closure | in_progress | 2008-12-31 | United States (New York) | Banking, Corporate & Other (office consolidation) | USD 52 (millions) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Lease impairment charge of $52M in 2009 (and $38M in 2008) from moving operations from Long Island City to Manhattan and inability to sublet unused space. Approximately 180,000 sq ft available for sublease in Long Island City and 68,000 sq ft in Manhattan. Headcount impact not disclosed. | |||
| 2009-09-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Enterprise-wide | USD 45 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide cost reduction and revenue enhancement initiative begun September 2008. Q3 2009 restructuring charges were $45M (severance $34M, contract termination $11M); YTD charges $82M. Severance liability $48M and contract termination liability $11M at 2009-09-30. No employee count disclosed. Charges recorded in Corporate & Other segment. | ||
| 2009-09-30 | restructuring | in_progress | 2008-12-01 | Argentina | International | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs related to Argentine government nationalization of private pension business in December 2008. Liability of $1M at 2009-09-30 (down from $3M at 2008-12-31). $2M paid during nine months ended 2009-09-30. No employee count disclosed. | ||||
| 2009-09-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Enterprise-wide | Corporate & Other | USD 45 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction and revenue enhancement initiative. Q3 2009 charges included $34M severance and $11M contract termination costs. Total liability at quarter-end was $59M. | ||
| 2009-09-30 | restructuring | in_progress | 2008-12-01 | Argentina | International | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs associated with the termination of employees following the Argentine government's nationalization of the private pension business. Liability of $1M at quarter-end. | ||||
| 2009-06-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Global | Enterprise-wide | USD 37 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide cost reduction and revenue enhancement initiative begun September 2008; $16M charge in Q2 2009, $37M YTD; $36M severance liability at quarter-end; $138M total since inception; no employee count disclosed. | ||
| 2009-06-30 | restructuring | in_progress | 2008-12-01 | Argentina | International | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs from Argentine government nationalization of private pension business; $1M liability at June 30, 2009; $2M paid during six months ended June 30, 2009; no employee count disclosed. | ||||
| 2009-06-30 | restructuring | in_progress | 2008-09-01 | 2010-12-31 | Enterprise-wide | Corporate & Other | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction and revenue enhancement initiative. Q3 2009 severance charges were $16 million. YTD 2009 severance charges were $37 million. Total restructuring charges since inception were $138 million. Employee count affected is not disclosed. | ||
| 2009-06-30 | restructuring | completed | 2008-12-01 | 2009-06-30 | Argentina | International | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs related to the nationalization of the private pension business in Argentina. Q3 2009 payments were $1 million. YTD 2009 payments were $2 million. Liability decreased from $3 million to $1 million. Employee count affected is not disclosed. | |||
| 2009-03-31 | restructuring | in_progress | 2008-01-01 | Global | Enterprise-wide | USD 21 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Enterprise-wide cost reduction and revenue enhancement initiative; $22M severance charges less $1M reserve reduction in Q1 2009; $68M cash payments; liability of $39M at quarter-end; no employee count disclosed; further charges expected in 2009-2010 but not estimable at March 31, 2009 | |||
| 2009-03-31 | restructuring | in_progress | 2008-12-01 | Argentina | International | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance costs related to Argentine government nationalization of private pension business in December 2008; $2M liability at March 31, 2009; $1M paid during Q1 2009; no employee count disclosed | ||||
| 2009-03-31 | restructuring | in_progress | Corporate & Other | USD 21 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction initiative; severance charges of $22M offset by $1M reserve reduction. Total restructuring charges incurred were $21M. Employee count not disclosed. | |||||
| 2009-03-31 | restructuring | in_progress | Argentina | International | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Severance costs related to nationalization of private pension business. Liability decreased from $3M to $2M due to $1M payments. Employee count not disclosed. | |||||
| 2008-12-31 | restructuring | in_progress | 2008-04-01 | 2010-12-31 | Global | Enterprise-wide | USD 101 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Operational Excellence initiative; $101M charge in FY2008 primarily severance for workforce reductions. $86M liability balance at year-end. Additional charges expected in 2009 and 2010 but not estimable at Dec 31, 2008. Employee count not disclosed. | ||
| 2008-12-31 | divestiture_reduction | completed | 2008-09-12 | 2008-09-12 | Global | Reinsurance (RGA) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Tax-free split-off of Reinsurance Group of America (RGA) completed Sep 12, 2008; Reinsurance segment eliminated. Headcount impact not disclosed. | |||
| 2008-12-31 | divestiture_reduction | announced | 2008-12-31 | 2009-03-31 | United States | Individual (Texas Life / Cova) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Agreement to sell Cova Corporation (parent of Texas Life Insurance Company) reached in Q4 2008; expected to close early 2009. Headcount impact not disclosed. | |||
| 2008-12-31 | acquisition_addition | completed | 2008-12-31 | 2008-12-31 | Global | Institutional, International, Corporate & Other (MetLife Bank) | USD 783 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Five acquisitions completed in 2008 for $783M total consideration. Added dental/vision benefits (Institutional), mortgage origination/servicing (MetLife Bank), and Mexico/Brazil presence (International). Headcount added not disclosed. | ||
| 2008-12-31 | restructuring | in_progress | 2007 | 2010-12-31 | Global | Corporate & Other | USD 101 (millions) | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Enterprise-wide cost reduction and revenue enhancement initiative. 2008 charge primarily related to severance costs associated with workforce reductions. Additional charges expected in 2009 and 2010. | ||
| 2008-09-30 | restructuring | in_progress | 2008-04-01 | 2010-12-31 | Global | Corporate & Other | USD 73 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Operational Excellence initiative launched April 2008; initial accrual for post-employment related expenses of $73 million recognized in Q3 2008. No employee count disclosed. | ||
| 2008-09-30 | divestiture_reduction | completed | 2008-09-12 | 2008-09-12 | Global | Reinsurance segment (RGA) | USD 458 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Tax-free split-off of Reinsurance Group of America (RGA) completed September 12, 2008, eliminating the Reinsurance segment. Loss on disposition of $458 million. No employee count disclosed. | ||
| 2008-09-30 | restructuring | in_progress | Global | Corporate & Other | USD 73 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Post-employment related costs from an enterprise-wide cost reduction and revenue enhancement initiative. Employee count not disclosed. | ||||
| 2007-12-31 | restructuring | completed | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Integration | USD 49 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction of approximately 1,000 domestic and international Travelers positions completed in December 2006. Initial liability recorded was $49 million. | |
| 2006-12-31 | restructuring | completed | 1,000 | 2006-12-31 | Domestic and International | Travelers integration | USD 44 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Travelers integration restructuring; approximately 1,000 positions targeted for reduction, completed December 2006. Cash payments of $24M in 2006 and $20M in 2005; restructuring liability balance was $0 at 2006-12-31. Charge was recorded as liabilities assumed in the purchase business combination ($49M at acquisition). | ||
| 2006-12-31 | acquisition_addition | completed | 2005-07-01 | 2005-07-01 | United States and International | Institutional, Individual, International, Corporate & Other | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Travelers acquisition completed 2005-07-01 for $12.1B; headcount added not separately disclosed. Results included from 2005-07-01 onward. | |||
| 2006-12-31 | restructuring | completed | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Integration | USD 49 (millions) | business_combinations_footnote f5-10k / Qwen3.6-27B-Q8_0 | Reduction of approximately 1,000 domestic and international Travelers positions as part of integration. Completed in December 2006. Initial liability assumed was $49 million, reduced by $4 million in 2006 due to lower severance estimates. | |
| 2006-09-30 | restructuring | in_progress | 1,000 | 2006-12-31 | Domestic and International | Travelers (acquired business) | USD 7 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Restructuring plan to reduce approximately 1,000 Travelers employee positions as part of integration; accrued restructuring costs of $7M at 9/30/06 (down from $28M at 12/31/05); cash payments of $5M in Q3 and $21M YTD 2006; estimate unchanged from prior period. | ||
| 2006-09-30 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Integration | USD 7 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan to reduce positions of approx. 1,000 domestic and international Travelers employees. Accrued restructuring costs of $7 million at Sept 30, 2006 (down from $28 million at Dec 31, 2005). Cash payments of $5 million in Q3 2006 and $21 million YTD 2006. | |
| 2006-06-30 | restructuring | in_progress | 1,000 | 2006-12-31 | Domestic and international | Travelers acquisition integration | USD 12 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 1,000 Travelers employees targeted for reduction as part of integration. Accrued restructuring costs of $12M at 2006-06-30 (vs $28M at 2005-12-31). Cash payments of $9M in Q2 and $16M YTD. Decreases to estimates adjust goodwill; increases recorded as operating expenses. | ||
| 2006-06-30 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Integration | USD 12 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan to reduce approx. 1,000 Travelers employees. Accrued costs of $12M at June 30, 2006 (down from $28M at Dec 31, 2005). Includes severance, relocation, and outplacement. | |
| 2006-03-31 | restructuring | in_progress | 1,000 | 2006-12-31 | Domestic and international | Travelers (acquired business) | USD 21 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Integration restructuring for Travelers acquisition; accrued restructuring costs of $21M at 3/31/06 include severance, relocation, and outplacement. Cash payments of ~$7M made in Q1 2006. Plan covers ~1,000 domestic and international Travelers employees. | ||
| 2006-03-31 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Integration | USD 21 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plans to reduce approximately 1,000 domestic and international Travelers employees expected to be completed by December 2006. Accrued restructuring costs of $21 million at March 31, 2006, including severance, relocation and outplacement services. | |
| 2005-12-31 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and international | Travelers (acquired operations) | USD 48 (millions) | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Integration-related reduction of approximately 1,000 Travelers employees; total estimated restructuring costs of $48 million including severance, relocation, and outplacement. $49M accrued at acquisition date, $20M paid in H2 2005, $28M remaining at year-end. | |
| 2005-12-31 | acquisition_addition | completed | 2005-07-01 | 2005-07-01 | United States and international | Institutional, Individual, International | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of The Travelers Insurance Company and Citigroup international insurance businesses for $12.0 billion; specific employee count added not disclosed in filing. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-01-31 | 2005-01-31 | United States | Asset Management (SSRM Holdings) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of SSRM Holdings for $328 million; employee count removed not disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-09-29 | 2005-09-29 | Indonesia | International | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of P.T. Sejahtera (MetLife Indonesia); employee count removed not disclosed. | |||
| 2005-12-31 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Integration | USD 48 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Reduction of approximately 1,000 domestic and international Travelers employees as part of integration. Total estimated restructuring costs of $48 million. | |
| 2005-09-30 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers (acquired operations) | USD 49 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 1,000 Travelers employees targeted for reduction as part of integration. $49M accrued at acquisition date; $13M paid in Q3 2005; $36M remaining at quarter-end. Recorded as liabilities assumed in purchase accounting. | |
| 2005-09-30 | acquisition_addition | completed | 2005-07-01 | United States and International | Travelers Insurance Company and Citigroup international insurance businesses | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Travelers completed July 1, 2005 for $12.0 billion; specific employee headcount added not disclosed in filing. | ||||
| 2005-09-30 | acquisition_addition | completed | 2005-09-01 | United States | Individual Segment (retirement plans and annuity distribution) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquired CitiStreet Associates for approximately $56 million; headcount added not disclosed. Integration with MetLife Resources expected complete by January 1, 2006. | ||||
| 2005-09-30 | divestiture_reduction | completed | 2005-09-29 | Indonesia | International Segment | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of P.T. Sejahtera (MetLife Indonesia) completed September 29, 2005; headcount removed not disclosed. | ||||
| 2005-09-30 | divestiture_reduction | completed | 2005-01-31 | United States | Asset Management (eliminated as a segment) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Sale of SSRM Holdings completed January 31, 2005 for $328 million; headcount removed not disclosed. Asset Management segment eliminated. | ||||
| 2005-09-30 | restructuring | in_progress | 1,000 | 2005-07-01 | 2006-12-31 | Domestic and International | Travelers Operations | USD 49 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Plan to reduce approximately 1,000 domestic and international Travelers employees as part of integration. Total estimated costs $49 million including severance, relocation, and outplacement. | |
| 2004-12-31 | plant_closure | completed | United States | Institutional | USD 12 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closing of one disability claims center; $12 million expense disclosed without employee count | ||||
| 2004-12-31 | divestiture_reduction | completed | 2004-07-01 | 2005-01-31 | United States | Corporate & Other (Asset Management) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of SSRM Holdings completed 2005-01-31 for $328 million; no headcount disclosed | |||
| 2003-12-31 | restructuring | completed | 2003-Q4 | United States | Corporate / All Segments | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Fourth quarter actions included lease terminations, office consolidations and closures, and asset impairments. Specific employee count not disclosed. | ||||
| 2003-12-31 | restructuring | completed | 2003 | United States | New England Financial | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Severance costs and expenses associated with strategic initiatives at New England Financial contributed to expense increases. Specific employee count not disclosed. | ||||
| 2003-09-30 | restructuring | in_progress | 134 | 2001-10-01 | 2003-12-31 | United States | Institutional | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Remaining terminations from a Q4 2001 program targeting ~930 positions total; 134 still pending at quarter-end. Remaining liability of $32M for Institutional segment (business exit and facilities costs). | ||
| 2003-09-30 | restructuring | completed | 750 | 2001-10-01 | 2003-06-30 | United States | Individual | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q4 2001 program: ~560 non-sales and ~190 operations/technology positions. All terminations completed prior to June 30, 2003. Remaining liability of $10M relates to contractual obligations extending beyond one year. | ||
| 2003-09-30 | restructuring | completed | 200 | 2001-10-01 | 2002-12-31 | United States | Auto & Home | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Q4 2001 program. All terminations completed prior to December 31, 2002. No remaining liability. | ||
| 2003-09-30 | restructuring | in_progress | 134 | 2001-10-01 | 2003-12-31 | United States | Institutional | USD 32 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining terminations from Q4 2001 initiative. Liability includes business exit costs. | |
| 2003-09-30 | restructuring | completed | 2001-10-01 | 2003-06-30 | United States | Individual | USD 10 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | All terminations completed prior to June 30, 2003. Remaining liability due to contractual obligations. | ||
| 2003-09-30 | restructuring | completed | 2001-10-01 | 2002-12-31 | United States | Auto & Home | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | All terminations completed prior to December 31, 2002. | |||
| 2003-06-30 | restructuring | in_progress | 235 | 2001-12-31 | 2003-12-31 | United States | Institutional | USD 34 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Original program eliminated ~930 positions total; 235 terminations remaining as of 2003-06-30. Remaining liability $34M for business exit costs. Charges from exiting 401(k) recordkeeping and guaranteed index separate accounts. | |
| 2003-06-30 | restructuring | completed | 2001-12-31 | 2003-06-30 | United States | Individual | USD 11 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Eliminated approximately 560 non-sales positions and 190 operations/technology positions (no combined total disclosed). All terminations completed as of 2003-06-30. Remaining $11M liability for facilities consolidation contractual obligations extending beyond one year. | ||
| 2003-06-30 | restructuring | completed | 200 | 2001-12-31 | 2002-12-31 | United States | Auto & Home | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All terminations completed as of 2002-12-31. Original pre-tax charge $3M for severance and severance-related costs. | |
| 2003-06-30 | restructuring | in_progress | 235 | 2001-10-01 | 2003-12-31 | Institutional | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining terminations from Q4 2001 exit plan; expected completion by Dec 31, 2003. | |||
| 2003-06-30 | restructuring | completed | 560 | 2001-10-01 | 2003-06-30 | Individual | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Non-sales positions eliminated; all terminations completed as of June 30, 2003. | |||
| 2003-06-30 | restructuring | completed | 190 | 2001-10-01 | 2003-06-30 | Individual | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Operations and technology positions supporting Individual segment; all terminations completed as of June 30, 2003. | |||
| 2003-06-30 | restructuring | completed | 200 | 2001-10-01 | 2002-12-31 | Auto & Home | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Positions eliminated; all terminations completed as of December 31, 2002. | |||
| 2003-03-31 | restructuring | in_progress | 930 | 2001-12-31 | United States | Institutional | USD 399 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Charges recorded Q4 2001 for exiting 401(k) recordkeeping and guaranteed index separate accounts; approximately 330 terminations remaining as of 2003-03-31; remaining liability $36M | ||
| 2003-03-31 | restructuring | in_progress | 750 | 2001-12-31 | United States | Individual | USD 97 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 560 non-sales and 190 operations/technology positions; approximately 20 terminations remaining as of 2003-03-31; remaining liability $17M | ||
| 2003-03-31 | restructuring | completed | 200 | 2001-12-31 | 2002-12-31 | United States | Auto & Home | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | All terminations completed as of 2002-12-31; no remaining liability | |
| 2003-03-31 | restructuring | in_progress | 330 | 2001-10-01 | Institutional | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Terminations to be completed in connection with business exit activities; exit plan could not be completed within one year. | ||||
| 2003-03-31 | restructuring | in_progress | 20 | 2001-10-01 | Individual | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Terminations to be completed; remaining liability due to contractual obligations extending beyond one year. | ||||
| 2002-12-31 | restructuring | in_progress | 930 | 2001-10-01 | United States | Institutional | USD 399 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges recorded Q4 2001; approximately 340 terminations remaining as of Dec 31, 2002; $40M remaining liability; driven by exit from large-market 401(k) business | ||
| 2002-12-31 | restructuring | in_progress | 750 | 2001-10-01 | United States | Individual | USD 97 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges recorded Q4 2001; 560 non-sales and 190 operations/technology positions; approximately 25 terminations remaining as of Dec 31, 2002; $18M remaining liability | ||
| 2002-12-31 | restructuring | completed | 200 | 2001-10-01 | 2002-12-31 | United States | Auto & Home | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Charges recorded Q4 2001; all terminations completed as of Dec 31, 2002; $0 remaining liability | |
| 2002-12-31 | acquisition_addition | completed | 2002-06-01 | 2002-06-30 | Mexico | International | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of Aseguradora Hidalgo S.A., Mexico's largest life insurer, with approximately $2.5B in assets; headcount not disclosed | |||
| 2002-12-31 | plant_closure | completed | Philippines | International | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Company closed its Philippine operation during 2002; headcount not disclosed | |||||
| 2002-12-31 | plant_closure | announced | 2002-12-01 | Poland | International | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | MetLife announced exit from Polish market in December 2002 based on diminished growth and profitability prospects; headcount not disclosed | ||||
| 2002-12-31 | restructuring | in_progress | 930 | 2001-10-01 | United States | Institutional | USD 399 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Initiated in Q4 2001. Institutional segment: 930 positions to be eliminated. Total pre-tax charges $399M ($9M severance, $3M facilities, $387M business exit). As of Dec 31, 2002, 340 terminations remained to be completed. | ||
| 2002-12-31 | restructuring | in_progress | 750 | 2001-10-01 | United States | Individual | USD 97 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Initiated in Q4 2001. Individual segment: 560 non-sales and 190 operations/technology positions eliminated. Total pre-tax charges $97M ($32M severance, $65M facilities). As of Dec 31, 2002, 25 terminations remained to be completed. | ||
| 2002-12-31 | restructuring | completed | 200 | 2001-10-01 | 2002-12-31 | United States | Auto & Home | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Initiated in Q4 2001. Auto & Home segment: 200 positions eliminated. Total pre-tax charges $3M (severance). All terminations completed as of Dec 31, 2002. | |
| 2002-09-30 | restructuring | in_progress | 300 | 2001-10-01 | United States | Multiple segments | USD 499 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated Q4 2001; 1,400 total anticipated terminations, approximately 300 remaining as of 2002-09-30. Total expense $499M (severance $44M, facilities $68M, business exit $387M); remaining liability $142M. | ||
| 2002-09-30 | restructuring | in_progress | 2002-07-01 | United States | Asset Management | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Third quarter 2002 staff reductions in Asset Management segment; severance-related expenses noted but no employee count or charge disclosed. | ||||
| 2002-09-30 | restructuring | in_progress | 300 | 2001-10-01 | USD 25 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining terminations from Q4 2001 initiative. Original total was 1,400 terminations. | ||||
| 2002-09-30 | restructuring | in_progress | 2001-10-01 | USD 32 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining facilities costs from Q4 2001 initiative. | |||||
| 2002-09-30 | restructuring | in_progress | 2001-10-01 | USD 85 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Remaining business exit costs from Q4 2001 initiative. | |||||
| 2002-09-30 | other | completed | 2002-07-16 | 2002-07-31 | other f5-10q / Qwen3.6-27B-Q8_0 | Separation of James M. Benson, effective July 31, 2002. Agreement dated July 16, 2002. | |||||
| 2002-06-30 | restructuring | in_progress | 1,400 | 2001-12-31 | USD 499 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated in Q4 2001; 1,400 anticipated terminations, approximately 700 completed as of June 30, 2002. Total 2001 expense of $499M (severance $44M, facilities $68M, business exit $387M); remaining liability of $158M at June 30, 2002. Announcement date approximate (Q4 2001). | ||||
| 2002-06-30 | restructuring | in_progress | 700 | 2001-10-01 | USD 33 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 700 of the 1,400 anticipated terminations from Q4 2001 initiatives had been completed as of June 30, 2002. Remaining liability for severance was $33 million. | ||||
| 2001-12-31 | restructuring | in_progress | 450 | United States | Institutional | USD 399 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Implemented Q4 2001; involves exiting 401(k) recordkeeping and externally-managed guaranteed index separate accounts; includes goodwill write-off, severance, and facility consolidation; charge is pre-tax; portion of activity continues into 2002 | |||
| 2001-12-31 | restructuring | in_progress | 750 | United States | Individual | USD 97 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Implemented Q4 2001; comprises approximately 560 non-sales positions and 190 operations and technology positions; includes facility consolidation and severance; charge is pre-tax; portion of activity continues into 2002 | |||
| 2001-12-31 | restructuring | in_progress | 200 | United States | Auto & Home | USD 3 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Implemented Q4 2001; severance and related costs; charge is pre-tax; portion of activity continues into 2002 | |||
| 2001-12-31 | plant_closure | announced | 2002-02 | 2002-06-30 | Philippines | International | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Closing of Philippine operation announced February 2002, after fiscal year-end; headcount not disclosed | |||
| 2001-12-31 | restructuring | completed | 450 | 2001-10-01 | 2001-12-31 | United States | Institutional | USD 399 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges include write-off of goodwill, severance, and facility consolidation costs resulting from discontinuance of certain 401(k) recordkeeping services and externally-managed guaranteed index separate accounts. | |
| 2001-12-31 | restructuring | completed | 750 | 2001-10-01 | 2001-12-31 | United States | Individual | USD 97 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges include facility consolidation, severance, and related expenses stemming from elimination of approximately 560 non-sales positions and 190 operations and technology positions. | |
| 2001-12-31 | restructuring | completed | 200 | 2001-10-01 | 2001-12-31 | United States | Auto & Home | USD 3 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charges include severance and related costs associated with the elimination of approximately 200 positions. | |
| 2001-09-30 | restructuring | announced | 1,600 | 2001-10-22 | United States | Individual, Institutional, and Auto & Home segments | USD 281 (millions) | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Reduction of approximately 1,600 non-sales employees; charge of $281M is net of $158M income taxes, to be recorded in Q4 2001. Includes discontinuance of Institutional stand-alone 401(k) recordkeeping and externally managed guaranteed index separate accounts. | ||
| 2001-09-30 | restructuring | announced | 1,600 | 2001-10-22 | Individual, Institutional, and Auto & Home segments; non-sales employees | USD 281 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Reduction of approximately 1,600 non-sales employees. Charges of $281 million (net of $158 million tax) expected in Q4 2001. Includes employees associated with discontinued 401(k) recordkeeping services. | |||
| 2000-12-31 | acquisition_addition | completed | 2000-01-06 | 2000-01-06 | United States | Individual Business; Reinsurance; Asset Management | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquisition of GenAmerica for $1.2 billion; no headcount added disclosed. GenAmerica included General American Life Insurance Company, 49% of RGA, and 61% of Conning. | |||
| 2000-12-31 | acquisition_addition | completed | 2000-04-01 | 2000-04-01 | United States | Asset Management | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired remaining Conning shares for $73 million; no headcount added disclosed. | |||
| 2000-12-31 | acquisition_addition | completed | 2000-07-01 | 2000-07-01 | United States | Institutional Business | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired workplace benefits division of Business Men's Assurance Company; no headcount added disclosed. | |||
| 2000-12-31 | divestiture_reduction | completed | 2000-10-30 | 2000-10-30 | United States | Asset Management | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 48% ownership interest in Nvest L.P. and Nvest Companies L.P.; resulted in $663 million investment gain; no headcount removed disclosed. |