Segment Information (Tables)

6 Months Ended

Jun. 30, 2017



	Operating Results
Three Months Ended June 30, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Brighthouse Financial			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	5,877		$	1,659		$	645		$	505		$	1,022		$	217		$	10		$	9,935		$	—		$	9,935
Universal life and investment-type product policy fees	251			375			275			92			345			885			(32		)	2,191			111			2,302
Net investment income	1,575			729			289			78			1,401			791			21			4,884			75			4,959
Other revenues	199			11			8			28			37			162			(68		)	377			5			382
Net investment gains (losses)	—			—			—			—			—			—			—			—			104			104
Net derivative gains (losses)	—			—			—			—			—			—			—			—			(437		)	(437		)
Total revenues	7,902			2,774			1,217			703			2,805			2,055			(69		)	17,387			(142		)	17,245
Expenses
Policyholder benefits and claims and policyholder dividends	5,878			1,247			596			270			1,720			654			(15		)	10,350			272			10,622
Interest credited to policyholder account balances	359			333			94			25			255			283			—			1,349			213			1,562
Capitalization of DAC	(116		)	(428		)	(88		)	(100		)	(23		)	(63		)	(3		)	(821		)	—			(821		)
Amortization of DAC and VOBA	114			290			68			95			139			136			2			844			(140		)	704
Amortization of negative VOBA	—			(30		)	—			(5		)	—			—			—			(35		)	(3		)	(38		)
Interest expense on debt	4			—			2			—			5			26			257			294			1			295
Other expenses	914			895			357			332			370			647			61			3,576			343			3,919
Total expenses	7,153			2,307			1,029			617			2,466			1,683			302			15,557			686			16,243
Provision for income tax expense (benefit)	250			157			34			14			104			89			(271		)	377			(262		)	115
Operating earnings	$	499		$	310		$	154		$	72		$	235		$	283		$	(100	)	1,453
Adjustments to:
Total revenues																						(142		)
Total expenses																						(686		)
Provision for income tax (expense) benefit																						262
Net income (loss)																						$	887					$	887



	Operating Results
Three Months Ended June 30, 2016	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Brighthouse Financial			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	5,171		$	1,681		$	631		$	519		$	1,122		$	280		$	13		$	9,417		$	—		$	9,417
Universal life and investment-type product policy fees	248			370			269			95			361			861			(31		)	2,173			113			2,286
Net investment income	1,565			678			243			83			1,477			870			(35		)	4,881			6			4,887
Other revenues	193			16			8			19			203			346			(301		)	484			3			487
Net investment gains (losses)	—			—			—			—			—			—			—			—			266			266
Net derivative gains (losses)	—			—			—			—			—			—			—			—			(2,099		)	(2,099		)
Total revenues	7,177			2,745			1,151			716			3,163			2,357			(354		)	16,955			(1,711		)	15,244
Expenses
Policyholder benefits and claims and policyholder dividends	5,270			1,324			583			283			1,927			1,008			(10		)	10,385			213			10,598
Interest credited to policyholder account balances	323			324			84			30			261			291			1			1,314			186			1,500
Capitalization of DAC	(121		)	(426		)	(80		)	(106		)	(96		)	(83		)	(3		)	(915		)	—			(915		)
Amortization of DAC and VOBA	118			304			66			103			269			152			3			1,015			(894		)	121
Amortization of negative VOBA	—			(57		)	—			(4		)	—			—			—			(61		)	(6		)	(67		)
Interest expense on debt	3			—			—			—			14			32			254			303			3			306
Other expenses	918			877			323			336			864			555			(214		)	3,659			142			3,801
Total expenses	6,511			2,346			976			642			3,239			1,955			31			15,700			(356		)	15,344
Provision for income tax expense (benefit)	223			140			38			10			(43		)	105			(188		)	285			(499		)	(214		)
Operating earnings	$	443		$	259		$	137		$	64		$	(33	)	$	297		$	(197	)	970
Adjustments to:
Total revenues																						(1,711		)
Total expenses																						356
Provision for income tax (expense) benefit																						499
Net income (loss)																						$	114					$	114



	Operating Results
Six Months Ended June 30, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Brighthouse Financial			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	11,062		$	3,367		$	1,292		$	1,007		$	2,081		$	394		$	47		$	19,250		$	—		$	19,250
Universal life and investment-type product policy fees	516			741			535			187			707			1,769			(63		)	4,392			212			4,604
Net investment income	3,187			1,431			592			152			2,842			1,649			26			9,879			276			10,155
Other revenues	403			21			17			45			133			236			(110		)	745			11			756
Net investment gains (losses)	—			—			—			—			—			—			—			—			112			112
Net derivative gains (losses)	—			—			—			—			—			—			—			—			(1,363		)	(1,363		)
Total revenues	15,168			5,560			2,436			1,391			5,763			4,048			(100		)	34,266			(752		)	33,514
Expenses
Policyholder benefits and claims and policyholder dividends	11,113			2,562			1,229			539			3,456			1,285			(6		)	20,178			620			20,798
Interest credited to policyholder account balances	710			654			176			49			512			558			—			2,659			615			3,274
Capitalization of DAC	(216		)	(848		)	(170		)	(192		)	(57		)	(130		)	(4		)	(1,617		)	—			(1,617		)
Amortization of DAC and VOBA	228			581			146			182			213			336			3			1,689			(452		)	1,237
Amortization of negative VOBA	—			(67		)	—			(8		)	—			—			—			(75		)	(6		)	(81		)
Interest expense on debt	6			—			3			—			20			58			503			590			1			591
Other expenses	1,823			1,770			683			648			710			1,259			151			7,044			449			7,493
Total expenses	13,664			4,652			2,067			1,218			4,854			3,366			647			30,468			1,227			31,695
Provision for income tax expense (benefit)	502			303			72			26			289			155			(554		)	793			(690		)	103
Operating earnings	$	1,002		$	605		$	297		$	147		$	620		$	527		$	(193	)	3,005
Adjustments to:
Total revenues																						(752		)
Total expenses																						(1,227		)
Provision for income tax (expense) benefit																						690
Net income (loss)																						$	1,716					$	1,716



	Operating Results
Six Months Ended June 30, 2016	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Brighthouse Financial			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	10,191		$	3,339		$	1,232		$	1,019		$	2,219		$	673		$	11		$	18,684		$	426		$	19,110
Universal life and investment-type product policy fees	498			720			537			190			716			1,719			(56		)	4,324			306			4,630
Net investment income	3,025			1,296			498			163			2,952			1,683			(30		)	9,587			(141		)	9,446
Other revenues	397			33			15			39			407			432			(352		)	971			3			974
Net investment gains (losses)	—			—			—			—			—			—			—			—			281			281
Net derivative gains (losses)	—			—			—			—			—			—			—			—			(764		)	(764		)
Total revenues	14,111			5,388			2,282			1,411			6,294			4,507			(427		)	33,566			111			33,677
Expenses
Policyholder benefits and claims and policyholder dividends	10,316			2,560			1,133			544			3,750			1,711			(36		)	19,978			613			20,591
Interest credited to policyholder account balances	645			643			164			59			519			580			5			2,615			211			2,826
Capitalization of DAC	(232		)	(811		)	(153		)	(207		)	(196		)	(185		)	(7		)	(1,791		)	(105		)	(1,896		)
Amortization of DAC and VOBA	236			590			129			205			417			314			5			1,896			(780		)	1,116
Amortization of negative VOBA	—			(121		)	—			(7		)	—			—			—			(128		)	(38		)	(166		)
Interest expense on debt	5			—			—			—			28			64			518			615			3			618
Other expenses	1,860			1,728			633			669			1,460			1,179			(160		)	7,369			397			7,766
Total expenses	12,830			4,589			1,906			1,263			5,978			3,663			325			30,554			301			30,855
Provision for income tax expense (benefit)	432			235			88			21			82			220			(371		)	707			(202		)	505
Operating earnings	$	849		$	564		$	288		$	127		$	234		$	624		$	(381	)	2,305
Adjustments to:
Total revenues																						111
Total expenses																						(301		)
Provision for income tax (expense) benefit																						202
Net income (loss)																						$	2,317					$	2,317

The following table presents total assets with respect to the Company’s segments, as well as Corporate & Other, at: