Segment Information (Tables)

3 Months Ended

Mar. 31, 2021

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Three Months Ended March 31, 2021	U.S.		Asia		Latin America		EMEA		MetLife Holdings		Corporate & Other		Total		Adjustments		Total Consolidated
	(In millions)
Revenues
Premiums	$	5,699	$	1,685	$	595	$	598	$	827	$	58	$	9,462	$	865	$	10,327
Universal life and investment-type product policy fees	297		458		270		67		274		—		1,366		25		1,391
Net investment income	2,010		1,264		299		63		1,646		12		5,294		20		5,314
Other revenues	396		18		10		13		62		86		585		46		631
Net investment gains (losses)	—		—		—		—		—		—		—		134		134
Net derivative gains (losses)	—		—		—		—		—		—		—		(2,235)		(2,235)
Total revenues	8,402		3,425		1,174		741		2,809		156		16,707		(1,145)		15,562
Expenses
Policyholder benefits and claims and policyholder dividends	6,142		1,297		761		343		1,523		40		10,106		664		10,770
Interest credited to policyholder account balances	359		489		59		24		210		—		1,141		210		1,351
Capitalization of DAC	(18)		(435)		(95)		(127)		(8)		(3)		(686)		(89)		(775)
Amortization of DAC and VOBA	16		314		60		62		54		2		508		82		590
Amortization of negative VOBA	—		(7)		—		(2)		—		—		(9)		—		(9)
Interest expense on debt	1		—		1		—		1		224		227		1		228
Other expenses	911		899		335		349		253		107		2,854		262		3,116
Total expenses	7,411		2,557		1,121		649		2,033		370		14,141		1,130		15,271
Provision for income tax expense (benefit)	207		245		13		21		158		(111)		533		(605)		(72)
Adjusted earnings	$	784	$	623	$	40	$	71	$	618	$	(103)	2,033
Adjustments to:
Total revenues													(1,145)
Total expenses													(1,130)
Provision for income tax (expense) benefit													605
Net income (loss)													$	363			$	363

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

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

	March 31, 2021		December 31, 2020
	(In millions)
U.S.	$	286,236	$	291,483
Asia	167,686		173,884
Latin America	72,691		75,047
EMEA	27,126		28,372
MetLife Holdings	178,030		184,566
Corporate & Other	38,045		41,794
Total	$	769,814	$	795,146