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Segment Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
 
 
Operating Results
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2015
 
U.S.
 
Asia
 
Latin America
 
EMEA
 
MetLife Holdings
 
Brighthouse Financial
 
Corporate & Other
 
Total
 
Adjustments
 
Total
Consolidated
 
 
(In millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums
 
$
20,861

 
$
6,937

 
$
2,581

 
$
2,036

 
$
4,545

 
$
1,675

 
$
(87
)
 
$
38,548

 
$
(3
)
 
$
38,545

Universal life and investment-type product policy fees
 
943

 
1,542

 
1,117

 
424

 
1,482

 
3,718

 
(113
)
 
9,113

 
394

 
9,507

Net investment income
 
6,209

 
2,675

 
1,038

 
326

 
6,201

 
3,327

 
13

 
19,789

 
(508
)
 
19,281

Other revenues
 
751

 
105

 
41

 
61

 
930

 
422

 
(290
)
 
2,020

 
(37
)
 
1,983

Net investment gains (losses)
 

 

 

 

 

 

 

 

 
597

 
597

Net derivative gains (losses)
 

 

 

 

 

 

 

 

 
38

 
38

Total revenues
 
28,764

 
11,259

 
4,777

 
2,847

 
13,158

 
9,142

 
(477
)
 
69,470

 
481

 
69,951

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims and policyholder dividends
 
20,837

 
5,275

 
2,408

 
988

 
7,357

 
2,875

 
(175
)
 
39,565

 
537

 
40,102

Interest credited to policyholder account balances
 
1,216

 
1,309

 
349

 
120

 
1,062

 
1,255

 
23

 
5,334

 
276

 
5,610

Capitalization of DAC
 
(493
)
 
(1,720
)
 
(341
)
 
(472
)
 
(410
)
 
(399
)
 
(2
)
 
(3,837
)
 

 
(3,837
)
Amortization of DAC and VOBA
 
471

 
1,256

 
271

 
497

 
577

 
731

 
(1
)
 
3,802

 
134

 
3,936

Amortization of negative VOBA
 

 
(309
)
 
(1
)
 
(16
)
 

 

 

 
(326
)
 
(35
)
 
(361
)
Interest expense on debt
 
4

 

 

 

 
55

 
128

 
1,013

 
1,200

 
8

 
1,208

Other expenses
 
3,685

 
3,611

 
1,429

 
1,469

 
2,694

 
2,484

 
434

 
15,806

 
17

 
15,823

Total expenses
 
25,720

 
9,422

 
4,115

 
2,586

 
11,335

 
7,074

 
1,292

 
61,544

 
937

 
62,481

Provision for income tax expense (benefit)
 
1,040

 
457

 
37

 
21

 
581

 
555

 
(365
)
 
2,326

 
(178
)
 
2,148

Operating earnings
 
$
2,004

 
$
1,380

 
$
625

 
$
240

 
$
1,242

 
$
1,513

 
$
(1,404
)
 
5,600

 
 
 
 
Adjustments to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
481

 
 
 
 
Total expenses
 
(937
)
 
 
 
 
Provision for income tax (expense) benefit
 
178

 
 
 
 
Income (loss) from continuing operations, net of income tax
 
$
5,322

 
 
 
$
5,322

At December 31, 2015
 
U.S.
 
Asia (1)
 
Latin
America
 
EMEA
 
MetLife Holdings
 
Brighthouse Financial
 
Corporate
& Other
 
Total
 
 
(In millions)
Total assets
 
$
237,858

 
$
113,895

 
$
64,808

 
$
26,767

 
$
187,677

 
$
226,792

 
$
20,136

 
$
877,933

Separate account assets
 
$
79,540

 
$
8,964

 
$
46,061

 
$
3,996

 
$
48,590

 
$
114,447

 
$

 
$
301,598

Separate account liabilities
 
$
79,540

 
$
8,964

 
$
46,061

 
$
3,996

 
$
48,590

 
$
114,447

 
$

 
$
301,598

______________
(1)
Total assets includes $90.0 billion of assets from the Japan operations which represents 10% of total consolidated assets.
 
 
Operating Results
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2014
 
U.S.
 
Asia
 
Latin America
 
EMEA
 
MetLife Holdings
 
Brighthouse Financial
 
Corporate & Other
 
Total
 
Adjustments
 
Total
Consolidated
 
 
(In millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums
 
$
20,243

 
$
7,566

 
$
2,796

 
$
2,309

 
$
4,545

 
$
1,474

 
$
89

 
$
39,022

 
$
45

 
$
39,067

Universal life and investment-type product policy fees
 
909

 
1,693

 
1,239

 
466

 
1,374

 
3,963

 
(103
)
 
9,541

 
405

 
9,946

Net investment income
 
6,111

 
2,886

 
1,219

 
428

 
6,409

 
3,156

 
275

 
20,484

 
669

 
21,153

Other revenues
 
721

 
106

 
33

 
60

 
1,062

 
534

 
(483
)
 
2,033

 
(3
)
 
2,030

Net investment gains (losses)
 

 

 

 

 

 

 

 

 
(197
)
 
(197
)
Net derivative gains (losses)
 

 

 

 

 

 

 

 

 
1,317

 
1,317

Total revenues
 
27,984

 
12,251

 
5,287

 
3,263

 
13,390

 
9,127

 
(222
)
 
71,080

 
2,236

 
73,316

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims and policyholder dividends
 
20,110

 
5,724

 
2,615

 
1,053

 
7,217

 
2,711

 
48

 
39,478

 
1,000

 
40,478

Interest credited to policyholder account balances
 
1,168

 
1,544

 
394

 
148

 
1,098

 
1,275

 
34

 
5,661

 
1,282

 
6,943

Capitalization of DAC
 
(488
)
 
(1,914
)
 
(377
)
 
(680
)
 
(326
)
 
(397
)
 

 
(4,182
)
 
(1
)
 
(4,183
)
Amortization of DAC and VOBA
 
458

 
1,397

 
313

 
613

 
444

 
810

 
(8
)
 
4,027

 
105

 
4,132

Amortization of negative VOBA
 

 
(364
)
 
(1
)
 
(31
)
 

 

 

 
(396
)
 
(46
)
 
(442
)
Interest expense on debt
 
12

 

 

 

 
58

 
133

 
975

 
1,178

 
38

 
1,216

Other expenses
 
3,550

 
3,975

 
1,588

 
1,846

 
2,670

 
2,472

 
153

 
16,254

 
114

 
16,368

Total expenses
 
24,810

 
10,362

 
4,532

 
2,949

 
11,161

 
7,004

 
1,202

 
62,020

 
2,492

 
64,512

Provision for income tax expense (benefit)
 
1,073

 
582

 
129

 
29

 
714

 
570

 
(719
)
 
2,378

 
87

 
2,465

Operating earnings
 
$
2,101

 
$
1,307

 
$
626

 
$
285

 
$
1,515

 
$
1,553

 
$
(705
)
 
6,682




 
 
Adjustments to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
2,236

 
 
 
 
Total expenses
 
(2,492
)
 
 
 
 
Provision for income tax (expense) benefit
 
(87
)
 
 
 
 
Income (loss) from continuing operations, net of income tax
 
$
6,339

 
 
 
$
6,339

At December 31, 2014
 
U.S.
 
Asia (1)
 
Latin
America
 
EMEA
 
MetLife Holdings
 
Brighthouse Financial
 
Corporate
& Other
 
Total
 
 
(In millions)
Total assets
 
$
240,606

 
$
117,894

 
$
71,928

 
$
29,217

 
$
194,106

 
$
231,568

 
$
17,018

 
$
902,337

Separate account assets
 
$
79,602

 
$
9,078

 
$
50,301

 
$
4,070

 
$
51,021

 
$
122,922

 
$

 
$
316,994

Separate account liabilities
 
$
79,602

 
$
9,078

 
$
50,301

 
$
4,070

 
$
51,021

 
$
122,922

 
$

 
$
316,994

______________
(1)
Total assets includes $95.0 billion of assets from the Japan operations which represents 11% of total consolidated assets.
 
 
Operating Results
 
 
 
 
 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31, 2013
 
U.S.
 
Asia
 
Latin America
 
EMEA
 
MetLife Holdings
 
Brighthouse Financial
 
Corporate & Other
 
Total
 
Adjustments
 
Total
Consolidated
 
 
(In millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums
 
$
19,303

 
$
7,801

 
$
2,698

 
$
2,297

 
$
4,481

 
$
926

 
$
77

 
$
37,583

 
$
91

 
$
37,674

Universal life and investment-type product policy fees
 
900

 
1,722

 
991

 
386

 
1,256

 
3,930

 
(100
)
 
9,085

 
366

 
9,451

Net investment income
 
5,866

 
2,943

 
1,135

 
425

 
6,343

 
3,221

 
461

 
20,394

 
1,838

 
22,232

Other revenues
 
706

 
92

 
23

 
97

 
938

 
615

 
(517
)
 
1,954

 
(34
)
 
1,920

Net investment gains (losses)
 

 

 

 

 

 

 

 

 
161

 
161

Net derivative gains (losses)
 

 

 

 

 

 

 

 

 
(3,239
)
 
(3,239
)
Total revenues
 
26,775

 
12,558

 
4,847

 
3,205

 
13,018

 
8,692

 
(79
)
 
69,016

 
(817
)
 
68,199

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims and policyholder dividends
 
19,355

 
5,755

 
2,361

 
1,039

 
7,094

 
2,084

 
58

 
37,746

 
1,620

 
39,366

Interest credited to policyholder account balances
 
1,241

 
1,690

 
417

 
147

 
1,098

 
1,380

 
42

 
6,015

 
2,164

 
8,179

Capitalization of DAC
 
(475
)
 
(2,143
)
 
(418
)
 
(714
)
 
(468
)
 
(568
)
 

 
(4,786
)
 

 
(4,786
)
Amortization of DAC and VOBA
 
439

 
1,542

 
305

 
683

 
494

 
620

 

 
4,083

 
(533
)
 
3,550

Amortization of negative VOBA
 

 
(427
)
 
(2
)
 
(95
)
 

 

 

 
(524
)
 
(55
)
 
(579
)
Interest expense on debt
 
11

 

 

 
1

 
39

 
112

 
996

 
1,159

 
123

 
1,282

Other expenses
 
3,349

 
4,317

 
1,549

 
1,812

 
2,814

 
2,628

 
127

 
16,596

 
539

 
17,135

Total expenses
 
23,920

 
10,734

 
4,212

 
2,873

 
11,071

 
6,256

 
1,223

 
60,289

 
3,858

 
64,147

Provision for income tax expense (benefit)
 
952

 
565

 
116

 
51

 
660

 
704

 
(704
)
 
2,344

 
(1,683
)
 
661

Operating earnings
 
$
1,903

 
$
1,259

 
$
519

 
$
281

 
$
1,287

 
$
1,732

 
$
(598
)
 
6,383

 
 
 
 
Adjustments to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
(817
)
 
 
 
 
Total expenses
 
(3,858
)
 
 
 
 
Provision for income tax (expense) benefit
 
1,683

 
 
 
 
Income (loss) from continuing operations, net of income tax
 
$
3,391

 
 
 
$
3,391

Premiums, Universal Life and Investment-Type Policy Fees and Other Revenue by Product Groups for Reportable Segment
The following table presents total premiums, universal life and investment-type product policy fees and other revenues by major product groups of the Company’s segments, as well as Corporate & Other:
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
Life insurance
$
23,037

 
$
23,483

 
$
23,189

Accident & health insurance
13,090

 
13,336

 
13,214

Annuities
9,653

 
9,984

 
8,987

Property & casualty insurance
3,504

 
3,524

 
3,270

Non-insurance
751

 
716

 
385

Total
$
50,035

 
$
51,043

 
$
49,045

Total premiums, universal life & investment-type product policy fees and other revenues associated with the Company's U.S. and foreign operations
The following table presents total premiums, universal life and investment-type product policy fees and other revenues associated with the Company’s U.S. and foreign operations:
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
U.S.
$
35,042

 
$
34,536

 
$
32,529

Foreign:
 
 
 
 
 
Japan
6,264

 
6,917

 
7,373

Other
8,729

 
9,590

 
9,143

Total
$
50,035

 
$
51,043

 
$
49,045