Segment Information (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Segment Reporting Information, by Segment

Three Months Ended March 31, 2022	U.S.		Asia		Latin America		EMEA		MetLife Holdings		Corporate & Other		Total		Adjustments		Total Consolidated
	(In millions)
Revenues
Premiums	$	7,164	$	1,553	$	732	$	509	$	776	$	(4)	$	10,730	$	41	$	10,771
Universal life and investment-type product policy fees	297		448		290		88		269		—		1,392		26		1,418
Net investment income	1,874		1,242		322		41		1,409		104		4,992		(708)		4,284
Other revenues	426		21		9		9		44		101		610		50		660
Net investment gains (losses)	—		—		—		—		—		—		—		(518)		(518)
Net derivative gains (losses)	—		—		—		—		—		—		—		(859)		(859)
Total revenues	9,761		3,264		1,353		647		2,498		201		17,724		(1,968)		15,756
Expenses
Policyholder benefits and claims and policyholder dividends	7,566		1,228		769		282		1,518		(7)		11,356		35		11,391
Interest credited to policyholder account balances	347		498		68		17		202		—		1,132		(502)		630
Capitalization of DAC	(23)		(392)		(113)		(101)		(7)		(3)		(639)		(11)		(650)
Amortization of DAC and VOBA	14		288		80		86		76		2		546		(9)		537
Amortization of negative VOBA	—		(8)		—		(1)		—		—		(9)		—		(9)
Interest expense on debt	2		—		3		—		1		219		225		—		225
Other expenses	979		837		354		296		236		136		2,838		79		2,917
Total expenses	8,885		2,451		1,161		579		2,026		347		15,449		(408)		15,041
Provision for income tax expense (benefit)	183		233		50		16		95		(92)		485		(444)		41
Adjusted earnings	$	693	$	580	$	142	$	52	$	377	$	(54)	1,790
Adjustments to:
Total revenues													(1,968)
Total expenses													408
Provision for income tax (expense) benefit													444
Net income (loss)													$	674			$	674

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

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

	March 31, 2022		December 31, 2021
	(In millions)
U.S.	$	271,448	$	282,741
Asia	162,336		169,291
Latin America	62,509		59,763
EMEA	23,039		27,038
MetLife Holdings	169,126		179,551
Corporate & Other	35,826		41,324
Total	$	724,284	$	759,708