Segment Information (Tables)

6 Months Ended

Jun. 30, 2018




Three Months Ended June 30, 2018	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	11,302		$	1,654		$	688		$	546		$	957		$	6		$	15,153		$	—		$	15,153
Universal life and investment-type product policy fees	262			399			275			107			301			—			1,344			26			1,370
Net investment income	1,719			839			327			73			1,329			40			4,327			146			4,473
Other revenues	203			13			9			20			68			79			392			83			475
Net investment gains (losses)	—			—			—			—			—			—			—			(227		)	(227		)
Net derivative gains (losses)	—			—			—			—			—			—			—			(59		)	(59		)
Total revenues	13,486			2,905			1,299			746			2,655			125			21,216			(31		)	21,185
Expenses
Policyholder benefits and claims and policyholder dividends	11,233			1,237			660			286			1,706			3			15,125			50			15,175
Interest credited to policyholder account balances	439			362			95			26			235			—			1,157			267			1,424
Capitalization of DAC	(114		)	(495		)	(91		)	(121		)	(10		)	(3		)	(834		)	—			(834		)
Amortization of DAC and VOBA	114			313			71			108			101			1			708			(1		)	707
Amortization of negative VOBA	—			(12		)	—			(4		)	—			—			(16		)	—			(16		)
Interest expense on debt	4			—			1			—			2			272			279			30			309
Other expenses	965			976			363			339			275			259			3,177			142			3,319
Total expenses	12,641			2,381			1,099			634			2,309			532			19,596			488			20,084
Provision for income tax expense (benefit)	174			161			55			26			66			(234		)	248			(41		)	207
Adjusted earnings	$	671		$	363		$	145		$	86		$	280		$	(173	)	1,372
Adjustments to:
Total revenues																			(31		)
Total expenses																			(488		)
Provision for income tax (expense) benefit																			41
Income (loss) from continuing operations, net of income tax																			$	894					$	894




Three Months Ended June 30, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	5,877		$	1,659		$	645		$	505		$	1,022		$	8		$	9,716		$	(136	)	$	9,580
Universal life and investment-type product policy fees	251			375			275			92			345			—			1,338			26			1,364
Net investment income	1,575			729			289			78			1,401			41			4,113			80			4,193
Other revenues	199			11			8			28			37			61			344			(52		)	292
Net investment gains (losses)	—			—			—			—			—			—			—			104			104
Net derivative gains (losses)	—			—			—			—			—			—			—			(200		)	(200		)
Total revenues	7,902			2,774			1,217			703			2,805			110			15,511			(178		)	15,333
Expenses
Policyholder benefits and claims and policyholder dividends	5,887			1,247			596			270			1,717			1			9,718			22			9,740
Interest credited to policyholder account balances	359			333			94			25			255			—			1,066			226			1,292
Capitalization of DAC	(116		)	(428		)	(88		)	(100		)	(23		)	(3		)	(758		)	14			(744		)
Amortization of DAC and VOBA	114			290			68			95			139			1			707			(51		)	656
Amortization of negative VOBA	—			(30		)	—			(5		)	—			—			(35		)	(3		)	(38		)
Interest expense on debt	4			—			2			—			5			277			288			(4		)	284
Other expenses	914			895			357			332			370			202			3,070			55			3,125
Total expenses	7,162			2,307			1,029			617			2,463			478			14,056			259			14,315
Provision for income tax expense (benefit)	247			157			34			14			105			(269		)	288			(126		)	162
Adjusted earnings	$	493		$	310		$	154		$	72		$	237		$	(99	)	1,167
Adjustments to:
Total revenues																			(178		)
Total expenses																			(259		)
Provision for income tax (expense) benefit																			126
Income (loss) from continuing operations, net of income tax																			$	856					$	856




Six Months Ended June 30, 2018	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	16,519		$	3,402		$	1,387		$	1,097		$	1,907		$	19		$	24,331		$	—		$	24,331
Universal life and investment-type product policy fees	520			793			557			219			615			—			2,704			58			2,762
Net investment income	3,381			1,634			603			148			2,681			99			8,546			(328		)	8,218
Other revenues	407			28			17			36			135			160			783			166			949
Net investment gains (losses)	—			—			—			—			—			—			—			(560		)	(560		)
Net derivative gains (losses)	—			—			—			—			—			—			—			290			290
Total revenues	20,827			5,857			2,564			1,500			5,338			278			36,364			(374		)	35,990
Expenses
Policyholder benefits and claims and policyholder dividends	16,371			2,580			1,306			580			3,256			—			24,093			97			24,190
Interest credited to policyholder account balances	846			713			193			51			471			—			2,274			(81		)	2,193
Capitalization of DAC	(220		)	(960		)	(185		)	(239		)	(20		)	(5		)	(1,629		)	(1		)	(1,630		)
Amortization of DAC and VOBA	229			627			131			214			201			3			1,405			(5		)	1,400
Amortization of negative VOBA	—			(27		)	—			(10		)	—			—			(37		)	(1		)	(38		)
Interest expense on debt	6			—			3			—			4			552			565			30			595
Other expenses	1,926			1,928			701			690			551			491			6,287			236			6,523
Total expenses	19,158			4,861			2,149			1,286			4,463			1,041			32,958			275			33,233
Provision for income tax expense (benefit)	345			306			130			47			170			(393		)	605			1			606
Adjusted earnings	$	1,324		$	690		$	285		$	167		$	705		$	(370	)	2,801
Adjustments to:
Total revenues																			(374		)
Total expenses																			(275		)
Provision for income tax (expense) benefit																			(1		)
Income (loss) from continuing operations, net of income tax																			$	2,151					$	2,151




Six Months Ended June 30, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	11,062		$	3,367		$	1,292		$	1,007		$	2,081		$	46		$	18,855		$	(310	)	$	18,545
Universal life and investment-type product policy fees	516			741			535			187			707			—			2,686			38			2,724
Net investment income	3,187			1,431			592			152			2,842			81			8,285			329			8,614
Other revenues	403			21			17			45			133			120			739			(105		)	634
Net investment gains (losses)	—			—			—			—			—			—			—			192			192
Net derivative gains (losses)	—			—			—			—			—			—			—			(412		)	(412		)
Total revenues	15,168			5,560			2,436			1,391			5,763			247			30,565			(268		)	30,297
Expenses
Policyholder benefits and claims and policyholder dividends	11,131			2,562			1,229			539			3,450			26			18,937			(24		)	18,913
Interest credited to policyholder account balances	710			654			176			49			512			1			2,102			641			2,743
Capitalization of DAC	(216		)	(848		)	(170		)	(192		)	(57		)	(4		)	(1,487		)	30			(1,457		)
Amortization of DAC and VOBA	228			581			146			182			213			2			1,352			(33		)	1,319
Amortization of negative VOBA	—			(67		)	—			(8		)	—			—			(75		)	(6		)	(81		)
Interest expense on debt	6			—			3			—			20			554			583			(16		)	567
Other expenses	1,823			1,770			683			648			710			377			6,011			192			6,203
Total expenses	13,682			4,652			2,067			1,218			4,848			956			27,423			784			28,207
Provision for income tax expense (benefit)	496			303			72			26			291			(540		)	648			(366		)	282
Adjusted earnings	$	990		$	605		$	297		$	147		$	624		$	(169	)	2,494
Adjustments to:
Total revenues																			(268		)
Total expenses																			(784		)
Provision for income tax (expense) benefit																			366
Income (loss) from continuing operations, net of income tax																			$	1,808					$	1,808

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