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Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles (Tables)
12 Months Ended
Dec. 31, 2015
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Schedule of Deferred Policy Acquisition Costs and Value of Business Acquired
Information regarding DAC and VOBA was as follows:
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
DAC
 
 
 
 
 
Balance at January 1,
$
18,984

 
$
19,774

 
$
17,150

Capitalizations
3,837

 
4,183

 
4,786

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
11

 
(39
)
 
192

Other expenses
(3,354
)
 
(3,372
)
 
(2,812
)
Total amortization
(3,343
)
 
(3,411
)
 
(2,620
)
Unrealized investment gains (losses)
539

 
(676
)
 
924

Effect of foreign currency translation and other
(552
)
 
(886
)
 
(466
)
Balance at December 31,
19,465

 
18,984

 
19,774

VOBA
 
 
 
 
 
Balance at January 1,
5,458

 
6,932

 
7,611

Acquisitions (1)

 

 
947

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
(20
)
 
(1
)
 
3

Other expenses
(573
)
 
(720
)
 
(933
)
Total amortization
(593
)
 
(721
)
 
(930
)
Unrealized investment gains (losses)
99

 
(26
)
 
358

Effect of foreign currency translation and other
(299
)
 
(727
)
 
(1,054
)
Balance at December 31,
4,665

 
5,458

 
6,932

Total DAC and VOBA
 
 
 
 
 
Balance at December 31,
$
24,130

 
$
24,442

 
$
26,706


______________
(1)
See Note 3 for a description of acquisitions.
Schedule of Deferred Policy Acquisition Costs and Value of Business Acquired
Information regarding DAC and VOBA was as follows:
 
Years Ended December 31,
 
2015
 
2014
 
2013
 
(In millions)
DAC
 
 
 
 
 
Balance at January 1,
$
18,984

 
$
19,774

 
$
17,150

Capitalizations
3,837

 
4,183

 
4,786

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
11

 
(39
)
 
192

Other expenses
(3,354
)
 
(3,372
)
 
(2,812
)
Total amortization
(3,343
)
 
(3,411
)
 
(2,620
)
Unrealized investment gains (losses)
539

 
(676
)
 
924

Effect of foreign currency translation and other
(552
)
 
(886
)
 
(466
)
Balance at December 31,
19,465

 
18,984

 
19,774

VOBA
 
 
 
 
 
Balance at January 1,
5,458

 
6,932

 
7,611

Acquisitions (1)

 

 
947

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
(20
)
 
(1
)
 
3

Other expenses
(573
)
 
(720
)
 
(933
)
Total amortization
(593
)
 
(721
)
 
(930
)
Unrealized investment gains (losses)
99

 
(26
)
 
358

Effect of foreign currency translation and other
(299
)
 
(727
)
 
(1,054
)
Balance at December 31,
4,665

 
5,458

 
6,932

Total DAC and VOBA
 
 
 
 
 
Balance at December 31,
$
24,130

 
$
24,442

 
$
26,706


______________
(1)
See Note 3 for a description of acquisitions.
Information regarding Deferred Policy Acquisition Costs and Value of Business Acquired by Segment
Information regarding total DAC and VOBA by segment, as well as Corporate & Other, was as follows at:
 
December 31,
 
2015
 
2014
 
(In millions)
U.S.
$
615

 
$
593

Asia
8,374

 
8,217

Latin America
1,753

 
1,987

EMEA
1,532

 
1,709

MetLife Holdings
5,436

 
5,387

Brighthouse Financial
6,390

 
6,537

Corporate & Other
30

 
12

Total
$
24,130

 
$
24,442

Deferred Sales Inducements of Business Acquired
Information regarding other intangibles was as follows:
 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
 
 
(In millions)
DSI
 
 
 
 
 
 
Balance at January 1,
 
$
810

 
$
950

 
$
930

Capitalization
 
31

 
56

 
58

Amortization
 
(106
)
 
(130
)
 
(36
)
Unrealized investment gains (losses)
 
39

 
(64
)
 

Effect of foreign currency translation
 

 
(2
)
 
(2
)
Balance at December 31,
 
$
774

 
$
810

 
$
950

VODA and VOCRA
 
 
 
 
 
 
Balance at January 1,
 
$
847

 
$
975

 
$
1,108

Amortization
 
(75
)
 
(82
)
 
(84
)
Effect of foreign currency translation
 
(53
)
 
(46
)
 
(49
)
Balance at December 31,
 
$
719

 
$
847

 
$
975

Accumulated amortization
 
$
575

 
$
500

 
$
418

Negative VOBA
 
 
 
 
 
 
Balance at January 1,
 
$
1,596

 
$
2,162

 
$
2,916

Amortization
 
(361
)
 
(442
)
 
(579
)
Effect of foreign currency translation and other
 
(42
)
 
(124
)
 
(175
)
Balance at December 31,
 
$
1,193

 
$
1,596

 
$
2,162

Accumulated amortization
 
$
2,765

 
$
2,404

 
$
1,962

Value of Distribution Agreements and Customer Relationships Acquired and Negative Value of Business Acquired
Information regarding other intangibles was as follows:
 
 
Years Ended December 31,
 
 
2015
 
2014
 
2013
 
 
(In millions)
DSI
 
 
 
 
 
 
Balance at January 1,
 
$
810

 
$
950

 
$
930

Capitalization
 
31

 
56

 
58

Amortization
 
(106
)
 
(130
)
 
(36
)
Unrealized investment gains (losses)
 
39

 
(64
)
 

Effect of foreign currency translation
 

 
(2
)
 
(2
)
Balance at December 31,
 
$
774

 
$
810

 
$
950

VODA and VOCRA
 
 
 
 
 
 
Balance at January 1,
 
$
847

 
$
975

 
$
1,108

Amortization
 
(75
)
 
(82
)
 
(84
)
Effect of foreign currency translation
 
(53
)
 
(46
)
 
(49
)
Balance at December 31,
 
$
719

 
$
847

 
$
975

Accumulated amortization
 
$
575

 
$
500

 
$
418

Negative VOBA
 
 
 
 
 
 
Balance at January 1,
 
$
1,596

 
$
2,162

 
$
2,916

Amortization
 
(361
)
 
(442
)
 
(579
)
Effect of foreign currency translation and other
 
(42
)
 
(124
)
 
(175
)
Balance at December 31,
 
$
1,193

 
$
1,596

 
$
2,162

Accumulated amortization
 
$
2,765

 
$
2,404

 
$
1,962

Estimated Future Amortization Expense (Credit)
The estimated future amortization expense (credit) to be reported in other expenses for the next five years is as follows:
 
VOBA
 
VODA and VOCRA
 
Negative VOBA
 
(In millions)
2016
$
506

 
$
65

 
$
(249
)
2017
$
429

 
$
62

 
$
(139
)
2018
$
382

 
$
58

 
$
(58
)
2019
$
341

 
$
53

 
$
(38
)
2020
$
299

 
$
49

 
$
(38
)