Segment Information (Tables)

3 Months Ended

Mar. 31, 2020




Three Months Ended March 31, 2020	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	5,674		$	1,636		$	640		$	568		$	904		$	12		$	9,434		$	32		$	9,466
Universal life and investment-type product policy fees	275			430			270			116			294			—			1,385			46			1,431
Net investment income	1,766			937			218			69			1,315			16			4,321			(1,260		)	3,061
Other revenues	240			14			11			13			35			84			397			42			439
Net investment gains (losses)	—			—			—			—			—			—			—			(288		)	(288		)
Net derivative gains (losses)	—			—			—			—			—			—			—			4,201			4,201
Total revenues	7,955			3,017			1,139			766			2,548			112			15,537			2,773			18,310
Expenses
Policyholder benefits and claims and policyholder dividends	5,435			1,321			610			310			1,661			26			9,363			(49		)	9,314
Interest credited to policyholder account balances	458			445			70			27			218			—			1,218			(1,138		)	80
Capitalization of DAC	(112		)	(421		)	(100		)	(130		)	(5		)	(3		)	(771		)	(3		)	(774		)
Amortization of DAC and VOBA	119			315			74			130			100			1			739			49			788
Amortization of negative VOBA	—			(8		)	—			(2		)	—			—			(10		)	—			(10		)
Interest expense on debt	2			—			1			—			2			217			222			—			222
Other expenses	1,066			874			345			332			228			136			2,981			66			3,047
Total expenses	6,968			2,526			1,000			667			2,204			377			13,742			(1,075		)	12,667
Provision for income tax expense (benefit)	207			141			44			21			67			(166		)	314			928			1,242
Adjusted earnings	$	780		$	350		$	95		$	78		$	277		$	(99	)	1,481
Adjustments to:
Total revenues																			2,773
Total expenses																			1,075
Provision for income tax (expense) benefit																			(928		)
Net income (loss)																			$	4,401					$	4,401




Three Months Ended March 31, 2019	U.S.			Asia			Latin America			EMEA			MetLife Holdings			Corporate & Other			Total			Adjustments			Total Consolidated
	(In millions)
Revenues
Premiums	$	5,567		$	1,699		$	646		$	542		$	927		$	24		$	9,405		$	—		$	9,405
Universal life and investment-type product policy fees	270			406			284			103			274			1			1,338			27			1,365
Net investment income	1,719			880			296			74			1,287			25			4,281			627			4,908
Other revenues	221			16			12			14			67			94			424			70			494
Net investment gains (losses)	—			—			—			—			—			—			—			15			15
Net derivative gains (losses)	—			—			—			—			—			—			—			115			115
Total revenues	7,777			3,001			1,238			733			2,555			144			15,448			854			16,302
Expenses
Policyholder benefits and claims and policyholder dividends	5,373			1,319			597			284			1,648			20			9,241			131			9,372
Interest credited to policyholder account balances	501			403			94			24			226			—			1,248			713			1,961
Capitalization of DAC	(114		)	(479		)	(94		)	(117		)	(6		)	(2		)	(812		)	—			(812		)
Amortization of DAC and VOBA	114			307			78			92			63			1			655			(31		)	624
Amortization of negative VOBA	—			(9		)	—			(1		)	—			—			(10		)	—			(10		)
Interest expense on debt	2			—			1			—			2			229			234			—			234
Other expenses	993			955			366			338			227			222			3,101			88			3,189
Total expenses	6,869			2,496			1,042			620			2,160			470			13,657			901			14,558
Provision for income tax expense (benefit)	184			149			62			27			78			(165		)	335			24			359
Adjusted earnings	$	724		$	356		$	134		$	86		$	317		$	(161	)	1,456
Adjustments to:
Total revenues																			854
Total expenses																			(901		)
Provision for income tax (expense) benefit																			(24		)
Net income (loss)																			$	1,385					$	1,385

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