Segment Information (Tables)

9 Months Ended

Sep. 30, 2019




Three Months Ended September 30, 2019	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	6,903		$	1,654		$	703		$	526		$	925		$	35		$	10,746		$	35		$	10,781
Universal life and investment-type product policy fees	264			430			256			117			284			1			1,352			88			1,440
Net investment income	1,760			915			295			73			1,316			114			4,473			150			4,623
Other revenues	224			14			8			13			52			36			347			72			419
Net investment gains (losses)	—			—			—			—			—			—			—			161			161
Net derivative gains (losses)	—			—			—			—			—			—			—			1,254			1,254
Total revenues	9,151			3,013			1,262			729			2,577			186			16,918			1,760			18,678
Expenses
Policyholder benefits and claims and policyholder dividends	6,759			1,264			656			291			1,856			32			10,858			86			10,944
Interest credited to policyholder account balances	507			440			74			25			228			—			1,274			226			1,500
Capitalization of DAC	(131		)	(498		)	(102		)	(128		)	(9		)	(3		)	(871		)	(11		)	(882		)
Amortization of DAC and VOBA	121			353			58			128			94			2			756			41			797
Amortization of negative VOBA	—			(2		)	—			(2		)	—			—			(4		)	—			(4		)
Interest expense on debt	3			—			—			—			2			218			223			—			223
Other expenses	1,004			955			356			341			223			320			3,199			110			3,309
Total expenses	8,263			2,512			1,042			655			2,394			569			15,435			452			15,887
Provision for income tax expense (benefit)	181			152			65			21			34			(192		)	261			340			601
Adjusted earnings	$	707		$	349		$	155		$	53		$	149		$	(191	)	1,222
Adjustments to:
Total revenues																			1,760
Total expenses																			(452		)
Provision for income tax (expense) benefit																			(340		)
Net income (loss)																			$	2,190					$	2,190




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
Net income (loss)																			$	915					$	915




Nine Months Ended September 30, 2019	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	18,704		$	4,984		$	2,122		$	1,619		$	2,776		$	75		$	30,280		$	35		$	30,315
Universal life and investment-type product policy fees	808			1,255			820			325			844			2			4,054			163			4,217
Net investment income	5,274			2,739			951			220			3,941			183			13,308			916			14,224
Other revenues	668			43			31			40			184			212			1,178			213			1,391
Net investment gains (losses)	—			—			—			—			—			—			—			237			237
Net derivative gains (losses)	—			—			—			—			—			—			—			2,093			2,093
Total revenues	25,454			9,021			3,924			2,204			7,745			472			48,820			3,657			52,477
Expenses
Policyholder benefits and claims and policyholder dividends	18,233			3,862			2,043			867			5,207			70			30,282			329			30,611
Interest credited to policyholder account balances	1,512			1,267			254			72			681			—			3,786			1,190			4,976
Capitalization of DAC	(372		)	(1,449		)	(296		)	(371		)	(23		)	(9		)	(2,520		)	(11		)	(2,531		)
Amortization of DAC and VOBA	352			972			215			327			237			5			2,108			2			2,110
Amortization of negative VOBA	—			(18		)	—			(6		)	—			—			(24		)	—			(24		)
Interest expense on debt	8			—			2			—			6			715			731			—			731
Other expenses	3,006			2,865			1,074			1,029			687			831			9,492			280			9,772
Total expenses	22,739			7,499			3,292			1,918			6,795			1,612			43,855			1,790			45,645
Provision for income tax expense (benefit)	552			458			184			70			185			(538		)	911			600			1,511
Adjusted earnings	$	2,163		$	1,064		$	448		$	216		$	765		$	(602	)	4,054
Adjustments to:
Total revenues																			3,657
Total expenses																			(1,790		)
Provision for income tax (expense) benefit																			(600		)
Net income (loss)																			$	5,321					$	5,321




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
Net income (loss)																			$	3,066					$	3,066

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