Segment Information (Tables)

9 Months Ended

Sep. 30, 2018




Three Months Ended September 30, 2018	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	6,431		$	1,689		$	692		$	514		$	949		$	(33	)	$	10,242		$	—		$	10,242
Universal life and investment-type product policy fees	252			428			229			105			286			—			1,300			43			1,343
Net investment income	1,787			830			339			73			1,375			58			4,462			24			4,486
Other revenues	206			12			7			15			70			86			396			83			479
Net investment gains (losses)	—			—			—			—			—			—			—			117			117
Net derivative gains (losses)	—			—			—			—			—			—			—			(378		)	(378		)
Total revenues	8,676			2,959			1,267			707			2,680			111			16,400			(111		)	16,289
Expenses
Policyholder benefits and claims and policyholder dividends	6,219			1,354			670			281			1,766			(38		)	10,252			155			10,407
Interest credited to policyholder account balances	457			381			102			24			238			—			1,202			132			1,334
Capitalization of DAC	(116		)	(478		)	(97		)	(109		)	(8		)	(2		)	(810		)	—			(810		)
Amortization of DAC and VOBA	128			366			5			110			13			2			624			108			732
Amortization of negative VOBA	—			(4		)	(1		)	(2		)	—			—			(7		)	—			(7		)
Interest expense on debt	2			—			2			—			2			246			252			15			267
Other expenses	982			943			351			333			264			314			3,187			100			3,287
Total expenses	7,672			2,562			1,032			637			2,275			522			14,700			510			15,210
Provision for income tax expense (benefit)	209			131			65			15			78			(206		)	292			(128		)	164
Adjusted earnings	$	795		$	266		$	170		$	55		$	327		$	(205	)	1,408
Adjustments to:
Total revenues																			(111		)
Total expenses																			(510		)
Provision for income tax (expense) benefit																			128
Income (loss) from continuing operations, net of income tax																			$	915					$	915




Three Months Ended September 30, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	6,987		$	1,696		$	701		$	527		$	989		$	13		$	10,913		$	(37	)	$	10,876
Universal life and investment-type product policy fees	247			458			229			109			349			—			1,392			36			1,428
Net investment income	1,602			762			299			77			1,390			26			4,156			139			4,295
Other revenues	197			11			7			(2		)	37			65			315			(14		)	301
Net investment gains (losses)	—			—			—			—			—			—			—			(606		)	(606		)
Net derivative gains (losses)	—			—			—			—			—			—			—			(123		)	(123		)
Total revenues	9,033			2,927			1,236			711			2,765			104			16,776			(605		)	16,171
Expenses
Policyholder benefits and claims and policyholder dividends	6,916			1,223			640			282			1,732			7			10,800			230			11,030
Interest credited to policyholder account balances	376			349			99			26			255			—			1,105			233			1,338
Capitalization of DAC	(126		)	(420		)	(94		)	(109		)	(14		)	(2		)	(765		)	4			(761		)
Amortization of DAC and VOBA	118			424			—			78			(70		)	3			553			73			626
Amortization of negative VOBA	—			(24		)	(1		)	(5		)	—			—			(30		)	(2		)	(32		)
Interest expense on debt	2			—			1			—			2			279			284			—			284
Other expenses	933			905			377			347			322			237			3,121			80			3,201
Total expenses	8,219			2,457			1,022			619			2,227			524			15,068			618			15,686
Provision for income tax expense (benefit)	275			156			51			21			174			(90		)	587			(985		)	(398		)
Adjusted earnings	$	539		$	314		$	163		$	71		$	364		$	(330	)	1,121
Adjustments to:
Total revenues																			(605		)
Total expenses																			(618		)
Provision for income tax (expense) benefit																			985
Income (loss) from continuing operations, net of income tax																			$	883					$	883




Nine Months Ended September 30, 2018	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	22,950		$	5,091		$	2,079		$	1,611		$	2,856		$	(14	)	$	34,573		$	—		$	34,573
Universal life and investment-type product policy fees	772			1,221			786			324			901			—			4,004			101			4,105
Net investment income	5,168			2,464			942			221			4,056			157			13,008			(304		)	12,704
Other revenues	613			40			24			51			205			246			1,179			249			1,428
Net investment gains (losses)	—			—			—			—			—			—			—			(443		)	(443		)
Net derivative gains (losses)	—			—			—			—			—			—			—			(88		)	(88		)
Total revenues	29,503			8,816			3,831			2,207			8,018			389			52,764			(485		)	52,279
Expenses
Policyholder benefits and claims and policyholder dividends	22,590			3,934			1,976			861			5,022			(38		)	34,345			252			34,597
Interest credited to policyholder account balances	1,303			1,094			295			75			709			—			3,476			51			3,527
Capitalization of DAC	(336		)	(1,438		)	(282		)	(348		)	(28		)	(7		)	(2,439		)	(1		)	(2,440		)
Amortization of DAC and VOBA	357			993			136			324			214			5			2,029			103			2,132
Amortization of negative VOBA	—			(31		)	(1		)	(12		)	—			—			(44		)	(1		)	(45		)
Interest expense on debt	8			—			5			—			6			798			817			45			862
Other expenses	2,908			2,871			1,052			1,023			815			805			9,474			336			9,810
Total expenses	26,830			7,423			3,181			1,923			6,738			1,563			47,658			785			48,443
Provision for income tax expense (benefit)	554			437			195			62			248			(599		)	897			(127		)	770
Adjusted earnings	$	2,119		$	956		$	455		$	222		$	1,032		$	(575	)	4,209
Adjustments to:
Total revenues																			(485		)
Total expenses																			(785		)
Provision for income tax (expense) benefit																			127
Income (loss) from continuing operations, net of income tax																			$	3,066					$	3,066




Nine Months Ended September 30, 2017	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	18,049		$	5,063		$	1,993		$	1,534		$	3,070		$	59		$	29,768		$	(347	)	$	29,421
Universal life and investment-type product policy fees	763			1,199			764			296			1,056			—			4,078			74			4,152
Net investment income	4,789			2,193			891			229			4,232			107			12,441			468			12,909
Other revenues	600			32			24			43			170			185			1,054			(119		)	935
Net investment gains (losses)	—			—			—			—			—			—			—			(414		)	(414		)
Net derivative gains (losses)	—			—			—			—			—			—			—			(535		)	(535		)
Total revenues	24,201			8,487			3,672			2,102			8,528			351			47,341			(873		)	46,468
Expenses
Policyholder benefits and claims and policyholder dividends	18,047			3,785			1,869			821			5,182			33			29,737			206			29,943
Interest credited to policyholder account balances	1,086			1,003			275			75			767			1			3,207			874			4,081
Capitalization of DAC	(342		)	(1,268		)	(264		)	(301		)	(71		)	(6		)	(2,252		)	34			(2,218		)
Amortization of DAC and VOBA	346			1,005			146			260			143			5			1,905			40			1,945
Amortization of negative VOBA	—			(91		)	(1		)	(13		)	—			—			(105		)	(8		)	(113		)
Interest expense on debt	8			—			4			—			22			833			867			(16		)	851
Other expenses	2,756			2,675			1,060			995			1,032			614			9,132			272			9,404
Total expenses	21,901			7,109			3,089			1,837			7,075			1,480			42,491			1,402			43,893
Provision for income tax expense (benefit)	771			459			123			47			465			(630		)	1,235			(1,351		)	(116		)
Adjusted earnings	$	1,529		$	919		$	460		$	218		$	988		$	(499	)	3,615
Adjustments to:
Total revenues																			(873		)
Total expenses																			(1,402		)
Provision for income tax (expense) benefit																			1,351
Income (loss) from continuing operations, net of income tax																			$	2,691					$	2,691

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