METLIFE INC | 2013 | FY | 3

22. Quarterly Results of Operations (Unaudited)
The unaudited quarterly results of operations for 2013 and 2012 are summarized in the table below:
 
 
Three Months Ended
 
March 31,
 
June 30,
 
September 30,
 
December 31,
 
(In millions, except per share data)
2013:
 
 
 
 
 
 
 
Total revenues
$
17,683

 
$
15,721

 
$
16,337

 
$
18,458

Total expenses
$
16,436

 
$
15,160

 
$
15,361

 
$
17,190

Income (loss) from continuing operations, net of income tax
$
995

 
$
508

 
$
973

 
$
915

Income (loss) from discontinued operations, net of income tax
$
(3
)
 
$
2

 
$
2

 
$
1

Net income (loss)
$
992

 
$
510

 
$
975

 
$
916

Less: Net income (loss) attributable to noncontrolling interests
$
6

 
$
8

 
$
3

 
$
8

Net income (loss) attributable to MetLife, Inc.
$
986

 
$
502

 
$
972

 
$
908

Less: Preferred stock dividends
$
30

 
$
31

 
$
30

 
$
31

Net income (loss) available to MetLife, Inc.’s common shareholders
$
956

 
$
471

 
$
942

 
$
877

Basic earnings per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders
$
0.87

 
$
0.43

 
$
0.85

 
$
0.78

 Income (loss) from discontinued operations, net of income tax, attributable to MetLife, Inc.
$
—

 
$
—

 
$
—

 
$
—

Net income (loss) attributable to MetLife, Inc.
$
0.90

 
$
0.46

 
$
0.88

 
$
0.81

Net income (loss) available to MetLife, Inc.’s common shareholders
$
0.87

 
$
0.43

 
$
0.85

 
$
0.78

Diluted earnings per common share:
 
 
 
 
 
 
 
Income (loss) from continuing operations, net of income tax, available to MetLife, Inc.’s common shareholders
$
0.87

 
$
0.43

 
$
0.84

 
$
0.77

Income (loss) from discontinued operations, net of income tax, attributable to MetLife, Inc.
$
—

 
$
—

 
$
—

 
$
—

Net income (loss) attributable to MetLife, Inc.
$
0.89

 
$
0.45

 
$
0.87

 
$
0.80

Net income (loss) available to MetLife, Inc.’s common shareholders
$
0.87

 
$
0.43

 
$
0.84

 
$
0.77

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

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

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