XML 95 R40.htm IDEA: XBRL DOCUMENT v3.6.0.2
Deferred Policy Acquisition Costs, Value of Business Acquired and Other Policy-Related Intangibles (Tables)
12 Months Ended
Dec. 31, 2016
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,
 
2016
 
2015
 
2014
 
(In millions)
DAC:
 
 
 
 
 
Balance at January 1,
$
19,465

 
$
18,984

 
$
19,774

Capitalizations
3,589

 
3,837

 
4,183

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
1,628

 
11

 
(39
)
Other expenses
(3,819
)
 
(3,354
)
 
(3,372
)
Total amortization
(2,191
)
 
(3,343
)
 
(3,411
)
Unrealized investment gains (losses)
(196
)
 
539

 
(676
)
Effect of foreign currency translation and other
(300
)
 
(552
)
 
(886
)
Balance at December 31,
20,367

 
19,465

 
18,984

VOBA:
 
 
 
 
 
Balance at January 1,
4,665

 
5,458

 
6,932

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
(1
)
 
(20
)
 
(1
)
Other expenses
(449
)
 
(573
)
 
(720
)
Total amortization
(450
)
 
(593
)
 
(721
)
Unrealized investment gains (losses)
38

 
99

 
(26
)
Effect of foreign currency translation and other
178

 
(299
)
 
(727
)
Balance at December 31,
4,431

 
4,665

 
5,458

Total DAC and VOBA:
 
 
 
 
 
Balance at December 31,
$
24,798

 
$
24,130

 
$
24,442

Schedule of Deferred Policy Acquisition Costs and Value of Business Acquired
Information regarding DAC and VOBA was as follows:
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
(In millions)
DAC:
 
 
 
 
 
Balance at January 1,
$
19,465

 
$
18,984

 
$
19,774

Capitalizations
3,589

 
3,837

 
4,183

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
1,628

 
11

 
(39
)
Other expenses
(3,819
)
 
(3,354
)
 
(3,372
)
Total amortization
(2,191
)
 
(3,343
)
 
(3,411
)
Unrealized investment gains (losses)
(196
)
 
539

 
(676
)
Effect of foreign currency translation and other
(300
)
 
(552
)
 
(886
)
Balance at December 31,
20,367

 
19,465

 
18,984

VOBA:
 
 
 
 
 
Balance at January 1,
4,665

 
5,458

 
6,932

Amortization related to:
 
 
 
 
 
Net investment gains (losses) and net derivative gains (losses)
(1
)
 
(20
)
 
(1
)
Other expenses
(449
)
 
(573
)
 
(720
)
Total amortization
(450
)
 
(593
)
 
(721
)
Unrealized investment gains (losses)
38

 
99

 
(26
)
Effect of foreign currency translation and other
178

 
(299
)
 
(727
)
Balance at December 31,
4,431

 
4,665

 
5,458

Total DAC and VOBA:
 
 
 
 
 
Balance at December 31,
$
24,798

 
$
24,130

 
$
24,442

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,
 
2016
 
2015
 
(In millions)
U.S.
$
616

 
$
615

Asia
8,707

 
8,374

Latin America
1,808

 
1,753

EMEA
1,472

 
1,532

MetLife Holdings
5,246

 
5,436

Brighthouse Financial
6,921

 
6,390

Corporate & Other
28

 
30

Total
$
24,798

 
$
24,130

Deferred Sales Inducements of Business Acquired
Information regarding other intangibles was as follows:
 
 
Years Ended December 31,
 
 
2016
 
2015
 
2014
 
 
(In millions)
DSI:
 
 
 
 
 
 
Balance at January 1,
 
$
774

 
$
810

 
$
950

Capitalization
 
25

 
31

 
56

Amortization
 
(111
)
 
(106
)
 
(130
)
Unrealized investment gains (losses)
 
(2
)
 
39

 
(64
)
Effect of foreign currency translation
 

 

 
(2
)
Balance at December 31,
 
$
686

 
$
774

 
$
810

VODA and VOCRA:
 
 
 
 
 
 
Balance at January 1,
 
$
719

 
$
847

 
$
975

Amortization
 
(73
)
 
(75
)
 
(82
)
Effect of foreign currency translation
 
(17
)
 
(53
)
 
(46
)
Balance at December 31,
 
$
629

 
$
719

 
$
847

Accumulated amortization
 
$
648

 
$
575

 
$
500

Negative VOBA:
 
 
 
 
 
 
Balance at January 1,
 
$
1,193

 
$
1,596

 
$
2,162

Amortization
 
(269
)
 
(361
)
 
(442
)
Effect of foreign currency translation and other
 
11

 
(42
)
 
(124
)
Balance at December 31,
 
$
935

 
$
1,193

 
$
1,596

Accumulated amortization
 
$
3,034

 
$
2,765

 
$
2,404

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,
 
 
2016
 
2015
 
2014
 
 
(In millions)
DSI:
 
 
 
 
 
 
Balance at January 1,
 
$
774

 
$
810

 
$
950

Capitalization
 
25

 
31

 
56

Amortization
 
(111
)
 
(106
)
 
(130
)
Unrealized investment gains (losses)
 
(2
)
 
39

 
(64
)
Effect of foreign currency translation
 

 

 
(2
)
Balance at December 31,
 
$
686

 
$
774

 
$
810

VODA and VOCRA:
 
 
 
 
 
 
Balance at January 1,
 
$
719

 
$
847

 
$
975

Amortization
 
(73
)
 
(75
)
 
(82
)
Effect of foreign currency translation
 
(17
)
 
(53
)
 
(46
)
Balance at December 31,
 
$
629

 
$
719

 
$
847

Accumulated amortization
 
$
648

 
$
575

 
$
500

Negative VOBA:
 
 
 
 
 
 
Balance at January 1,
 
$
1,193

 
$
1,596

 
$
2,162

Amortization
 
(269
)
 
(361
)
 
(442
)
Effect of foreign currency translation and other
 
11

 
(42
)
 
(124
)
Balance at December 31,
 
$
935

 
$
1,193

 
$
1,596

Accumulated amortization
 
$
3,034

 
$
2,765

 
$
2,404

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)
2017
 
$
435

 
$
66

 
$
(131
)
2018
 
$
388

 
$
60

 
$
(55
)
2019
 
$
350

 
$
56

 
$
(38
)
2020
 
$
303

 
$
51

 
$
(39
)
2021
 
$
268

 
$
46

 
$
(38
)