Segment Information (Tables)

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Year Ended December 31, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	23,632		$	6,755		$	2,693		$	2,061		$	4,144		$	54		$	39,339		$	(347	)	$	38,992
Universal life and investment-type product policy fees	1,012			1,584			1,044			405			1,361			1			5,407			103			5,510
Net investment income	6,396			2,985			1,219			309			5,607			28			16,544			819			17,363
Other revenues	806			43			32			58			244			271			1,454			(113		)	1,341
Net investment gains (losses)	—			—			—			—			—			—			—			(308		)	(308		)
Net derivative gains (losses)	—			—			—			—			—			—			—			(590		)	(590		)
Total revenues	31,846			11,367			4,988			2,833			11,356			354			62,744			(436		)	62,308
Expenses
Policyholder benefits and claims and policyholder dividends	23,627			5,075			2,535			1,077			7,000			26			39,340			204			39,544
Interest credited to policyholder account balances	1,474			1,351			369			100			1,018			1			4,313			1,294			5,607
Capitalization of DAC	(458		)	(1,710		)	(364		)	(414		)	(82		)	(8		)	(3,036		)	34			(3,002		)
Amortization of DAC and VOBA	459			1,300			224			357			302			6			2,648			33			2,681
Amortization of negative VOBA	—			(111		)	(1		)	(19		)	—			—			(131		)	(9		)	(140		)
Interest expense on debt	11			—			5			—			24			1,105			1,145			(16		)	1,129
Other expenses	3,682			3,613			1,479			1,376			1,365			894			12,409			544			12,953
Total expenses	28,795			9,518			4,247			2,477			9,627			2,024			56,688			2,084			58,772
Provision for income tax expense (benefit)	1,024			620			156			59			547			(688		)	1,718			(3,188		)	(1,470		)
Adjusted earnings	$	2,027		$	1,229		$	585		$	297		$	1,182		$	(982	)	4,338
Adjustments to:
Total revenues																			(436		)
Total expenses																			(2,084		)
Provision for income tax (expense) benefit																			3,188
Income (loss) from continuing operations, net of income tax																			$	5,006					$	5,006

At December 31, 2017	U.S.		Asia (1)		Latin America		EMEA		MetLife Holdings		Corporate & Other		Total
	(In millions)
Total assets	$	255,428	$	136,928	$	79,670	$	30,500	$	183,160	$	34,206	$	719,892
Separate account assets	$	81,243	$	10,032	$	56,218	$	5,975	$	51,533	$	—	$	205,001
Separate account liabilities	$	81,243	$	10,032	$	56,218	$	5,975	$	51,533	$	—	$	205,001

__________________

(1) Total assets includes $111.0 billion of assets from the Japan operations which represents 15% of total consolidated assets.

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			1,488			1,025			391			1,436			2			5,331			152			5,483
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)	—			—			—			—			—			—			—			317			317
Net derivative gains (losses)	—			—			—			—			—			—			—			(690		)	(690		)
Total revenues	29,480			11,158			4,672			2,809			12,467			330			60,916			(129		)	60,787
Expenses
Policyholder benefits and claims and policyholder dividends	21,591			5,211			2,443			1,067			7,523			41			37,876			(295		)	37,581
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			1,236			184			408			736			8			3,043			(325		)	2,718
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			597			12,940			355			13,295
Total expenses	26,608			9,455			3,971			2,494			11,469			1,784			55,781			725			56,506
Provision for income tax expense (benefit)	976			479			158			42			292			(948		)	999			(306		)	693
Adjusted earnings	$	1,896		$	1,224		$	543		$	273		$	706		$	(506	)	4,136
Adjustments to:
Total revenues																			(129		)
Total expenses																			(725		)
Provision for income tax (expense) benefit																			306
Income (loss) from continuing operations, net of income tax																			$	3,588					$	3,588

At December 31, 2016	U.S.		Asia (1)		Latin America		EMEA		MetLife Holdings		Corporate & Other (2)		Total
	(In millions)
Total assets	$	253,926	$	120,656	$	67,233	$	25,596	$	183,832	$	247,521	$	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.

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	6,183			2,675			1,038			326			6,189			260			16,671			(466		)	16,205
Other revenues	751			105			41			61			930			69			1,957			(30		)	1,927
Net investment gains (losses)	—			—			—			—			—			—			—			609			609
Net derivative gains (losses)	—			—			—			—			—			—			—			629			629
Total revenues	28,738			11,259			4,777			2,847			13,146			233			61,000			343			61,343
Expenses
Policyholder benefits and claims and policyholder dividends	20,899			5,266			2,408			988			7,346			(114		)	36,793			(293		)	36,500
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			1,253			271			497			577			(1		)	3,068			116			3,184
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			935			13,823			282			14,105
Total expenses	25,782			9,410			4,115			2,586			11,324			2,009			55,226			466			55,692
Provision for income tax expense (benefit)	1,009			461			37			21			582			(366		)	1,744			(154		)	1,590
Adjusted earnings	$	1,947		$	1,388		$	625		$	240		$	1,240		$	(1,410	)	4,030
Adjustments to:
Total revenues																			343
Total expenses																			(466		)
Provision for income tax (expense) benefit																			154
Income (loss) from continuing operations, net of income tax																			$	4,061					$	4,061

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,
	2017		2016		2015
	(In millions)
Life insurance	$	20,330	$	20,436	$	20,847
Accident & health insurance	14,002		14,128		13,109
Annuities	6,999		5,552		5,730
Property & casualty insurance	3,613		3,560		3,504
Non-insurance	899		694		710
Total	$	45,843	$	44,370	$	43,900

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,
	2017		2016		2015
	(In millions)
U.S.	$	30,971	$	29,166	$	29,094
Foreign:
Japan	6,444		7,089		6,264
Other	8,428		8,115		8,542
Total	$	45,843	$	44,370	$	43,900