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Segment Information (Tables)
12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
 
 
Operating Results
 
 
 
 
Year Ended December 31, 2016
 
U.S.
 
Asia
 
Latin
America
 
EMEA
 
MetLife
Holdings
 
Corporate
& Other
 
Total
 
Adjustments
 
Total
Consolidated
 
 
(In millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums
 
$
21,501

 
$
6,902

 
$
2,529

 
$
2,027

 
$
4,506

 
$
40

 
$
37,505

 
$
(303
)
 
$
37,202

Universal life and investment-type product policy fees
 
989

 
1,487

 
1,025

 
391

 
1,436

 
2

 
5,330

 
152

 
5,482

Net investment income
 
6,206

 
2,707

 
1,084

 
318

 
5,944

 
178

 
16,437

 
353

 
16,790

Other revenues
 
784

 
61

 
34

 
73

 
581

 
110

 
1,643

 
42

 
1,685

Net investment gains (losses)
 

 

 

 

 

 

 

 
305

 
305

Net derivative gains (losses)
 

 

 

 

 

 

 

 
(874
)
 
(874
)
Total revenues
 
29,480

 
11,157

 
4,672

 
2,809

 
12,467

 
330

 
60,915

 
(325
)
 
60,590

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims and policyholder dividends
 
21,558

 
5,191

 
2,443

 
1,067

 
7,534

 
41

 
37,834

 
(295
)
 
37,539

Interest credited to policyholder account balances
 
1,302

 
1,298

 
328

 
112

 
1,042

 
6

 
4,088

 
1,088

 
5,176

Capitalization of DAC
 
(471
)
 
(1,668
)
 
(321
)
 
(403
)
 
(281
)
 
(7
)
 
(3,151
)
 
(1
)
 
(3,152
)
Amortization of DAC and VOBA
 
471

 
1,224

 
184

 
408

 
736

 
8

 
3,031

 
(325
)
 
2,706

Amortization of negative VOBA
 

 
(208
)
 
(1
)
 
(13
)
 

 

 
(222
)
 
(47
)
 
(269
)
Interest expense on debt
 
9

 

 
2

 

 
57

 
1,139

 
1,207

 
(50
)
 
1,157

Other expenses
 
3,706

 
3,586

 
1,336

 
1,323

 
2,392

 
595

 
12,938

 
355

 
13,293

Total expenses
 
26,575

 
9,423

 
3,971

 
2,494

 
11,480

 
1,782

 
55,725

 
725

 
56,450

Provision for income tax expense (benefit)
 
988

 
492

 
158

 
42

 
288

 
(947
)
 
1,021

 
(355
)
 
666

Operating earnings
 
$
1,917

 
$
1,242

 
$
543

 
$
273

 
$
699

 
$
(505
)
 
4,169

 
 
 
 
Adjustments to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
(325
)
 
 
 
 
Total expenses
 
(725
)
 
 
 
 
Provision for income tax (expense) benefit
 
355

 
 
 
 
Income (loss) from continuing operations, net of income tax
 
$
3,474

 
 
 
$
3,474

At December 31, 2016
 
U.S.
 
Asia (1)
 
Latin
America
 
EMEA
 
MetLife
Holdings
 
Corporate
& Other (2)
 
Total
 
 
(In millions)
Total assets
 
$
253,683

 
$
120,656

 
$
67,233

 
$
25,596

 
$
184,276

 
$
247,320

 
$
898,764

Separate account assets
 
$
85,950

 
$
8,020

 
$
48,455

 
$
4,329

 
$
48,823

 
$
1

 
$
195,578

Separate account liabilities
 
$
85,950

 
$
8,020

 
$
48,455

 
$
4,329

 
$
48,823

 
$
1

 
$
195,578

__________________
(1)
Total assets includes $98.0 billion of assets from the Japan operations which represents 11% of total consolidated assets.
(2)
Includes assets of disposed subsidiary of $216,983 million at December 31, 2016.
 
 
Operating Results
 
 
 
 
Year Ended December 31, 2015
 
U.S.
 
Asia
 
Latin
America
 
EMEA
 
MetLife
Holdings
 
Corporate
& Other
 
Total
 
Adjustments
 
Total
Consolidated
 
 
(In millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums
 
$
20,861

 
$
6,937

 
$
2,581

 
$
2,036

 
$
4,545

 
$
(92
)
 
$
36,868

 
$
(465
)
 
$
36,403

Universal life and investment-type product policy fees
 
943

 
1,542

 
1,117

 
424

 
1,482

 
(4
)
 
5,504

 
66

 
5,570

Net investment income
 
6,209

 
2,675

 
1,038

 
326

 
6,201

 
260

 
16,709

 
(466
)
 
16,243

Other revenues
 
751

 
105

 
41

 
61

 
930

 
69

 
1,957

 
(30
)
 
1,927

Net investment gains (losses)
 

 

 

 

 

 

 

 
646

 
646

Net derivative gains (losses)
 

 

 

 

 

 

 

 
545

 
545

Total revenues
 
28,764

 
11,259

 
4,777

 
2,847

 
13,158

 
233

 
61,038

 
296

 
61,334

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims and policyholder dividends
 
20,837

 
5,275

 
2,408

 
988

 
7,357

 
(114
)
 
36,751

 
(293
)
 
36,458

Interest credited to policyholder account balances
 
1,216

 
1,309

 
349

 
120

 
1,062

 
23

 
4,079

 
336

 
4,415

Capitalization of DAC
 
(493
)
 
(1,720
)
 
(341
)
 
(472
)
 
(410
)
 
(3
)
 
(3,439
)
 
120

 
(3,319
)
Amortization of DAC and VOBA
 
471

 
1,256

 
271

 
497

 
577

 
(1
)
 
3,071

 
95

 
3,166

Amortization of negative VOBA
 

 
(309
)
 
(1
)
 
(16
)
 

 

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

 

 

 

 
55

 
1,169

 
1,228

 
(60
)
 
1,168

Other expenses
 
3,685

 
3,611

 
1,429

 
1,469

 
2,694

 
929

 
13,817

 
282

 
14,099

Total expenses
 
25,720

 
9,422

 
4,115

 
2,586

 
11,335

 
2,003

 
55,181

 
445

 
55,626

Provision for income tax expense (benefit)
 
1,040

 
457

 
37

 
21

 
581

 
(364
)
 
1,772

 
(72
)
 
1,700

Operating earnings
 
$
2,004

 
$
1,380

 
$
625

 
$
240

 
$
1,242

 
$
(1,406
)
 
4,085



 
 
Adjustments to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
296

 
 
 
 
Total expenses
 
(445
)
 
 
 
 
Provision for income tax (expense) benefit
 
72

 
 
 
 
Income (loss) from continuing operations, net of income tax
 
$
4,008

 
 
 
$
4,008

At December 31, 2015
 
U.S.
 
Asia (1)
 
Latin
America
 
EMEA
 
MetLife
Holdings
 
Corporate
& Other (2)
 
Total
 
 
(In millions)
Total assets
 
$
237,858

 
$
113,895

 
$
64,808

 
$
26,767

 
$
187,677

 
$
246,928

 
$
877,933

Separate account assets
 
$
79,540

 
$
8,964

 
$
46,061

 
$
3,996

 
$
48,590

 
$
1

 
$
187,152

Separate account liabilities
 
$
79,540

 
$
8,964

 
$
46,061

 
$
3,996

 
$
48,590

 
$
1

 
$
187,152

__________________
(1)
Total assets includes $90.0 billion of assets from the Japan operations which represents 10% of total consolidated assets.
(2)
Includes assets of disposed subsidiary of $216,437 million at December 31, 2015.
 
 
Operating Results
 
 
 
 
Year Ended December 31, 2014
 
U.S.
 
Asia
 
Latin
America
 
EMEA
 
MetLife
Holdings
 
Corporate
& Other
 
Total
 
Adjustments
 
Total
Consolidated
 
 
(In millions)
Revenues
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Premiums
 
$
20,243

 
$
7,566

 
$
2,796

 
$
2,309

 
$
4,545

 
$
89

 
$
37,548

 
$
(578
)
 
$
36,970

Universal life and investment-type product policy fees
 
909

 
1,693

 
1,239

 
466

 
1,374

 

 
5,681

 
143

 
5,824

Net investment income
 
6,111

 
2,886

 
1,219

 
428

 
6,409

 
489

 
17,542

 
616

 
18,158

Other revenues
 
721

 
106

 
33

 
60

 
1,062

 
55

 
2,037

 
(75
)
 
1,962

Net investment gains (losses)
 

 

 

 

 

 

 

 
338

 
338

Net derivative gains (losses)
 

 

 

 

 

 

 

 
722

 
722

Total revenues
 
27,984

 
12,251

 
5,287

 
3,263

 
13,390

 
633

 
62,808

 
1,166

 
63,974

Expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Policyholder benefits and claims and policyholder dividends
 
20,110

 
5,724

 
2,615

 
1,053

 
7,217

 
49

 
36,768

 
(22
)
 
36,746

Interest credited to policyholder account balances
 
1,168

 
1,544

 
394

 
148

 
1,098

 
33

 
4,385

 
1,341

 
5,726

Capitalization of DAC
 
(488
)
 
(1,914
)
 
(377
)
 
(680
)
 
(326
)
 
(1
)
 
(3,786
)
 
114

 
(3,672
)
Amortization of DAC and VOBA
 
458

 
1,397

 
313

 
613

 
444

 
(8
)
 
3,217

 
(188
)
 
3,029

Amortization of negative VOBA
 

 
(364
)
 
(1
)
 
(31
)
 

 

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

 

 

 

 
58

 
1,162

 
1,232

 
(82
)
 
1,150

Other expenses
 
3,550

 
3,975

 
1,588

 
1,846

 
2,670

 
821

 
14,450

 
104

 
14,554

Total expenses
 
24,810

 
10,362

 
4,532

 
2,949

 
11,161

 
2,056

 
55,870

 
1,221

 
57,091

Provision for income tax expense (benefit)
 
1,073

 
582

 
129

 
29

 
714

 
(719
)
 
1,808

 
128

 
1,936

Operating earnings
 
$
2,101

 
$
1,307

 
$
626

 
$
285

 
$
1,515

 
$
(704
)
 
5,130

 
 
 
 
Adjustments to:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
1,166

 
 
 
 
Total expenses
 
(1,221
)
 
 
 
 
Provision for income tax (expense) benefit
 
(128
)
 
 
 
 
Income (loss) from continuing operations, net of income tax
 
$
4,947

 
 
 
$
4,947

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,
 
2016
 
2015
 
2014
 
(In millions)
Life insurance
$
20,436

 
$
20,847

 
$
21,409

Accident & health insurance
14,127

 
13,109

 
13,427

Annuities
5,552

 
5,730

 
5,756

Property & casualty insurance
3,560

 
3,504

 
3,524

Non-insurance
694

 
710

 
640

Total
$
44,369

 
$
43,900

 
$
44,756

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,
 
2016
 
2015
 
2014
 
(In millions)
U.S.
$
29,166

 
$
29,094

 
$
28,249

Foreign:
 
 
 
 
 
Japan
7,088

 
6,264

 
6,917

Other
8,115

 
8,542

 
9,590

Total
$
44,369

 
$
43,900

 
$
44,756