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Separate Account
 9 Months Ended
Sep. 30, 2023
Separate Accounts Disclosure [Abstract]  
Separate Account . Separate AccountsSeparate account assets consist of investment accounts established and maintained by the Company. The separate account investment objectives are directed by the contractholder. An equivalent amount is reported as separate account liabilities. These accounts are reported separately from the general account assets and liabilities
Separate Account Liabilities
The Company’s separate account liabilities on the interim condensed consolidated balance sheets were as follows at:
September 30, 2023December 31, 2022
(In millions)
U.S.:
Stable Value and Risk Solutions
$40,503 $48,265 
Annuities
11,152 11,694 
Latin America - Pensions37,473 39,428 
MetLife Holdings - Annuities27,455 28,499 
Other19,041 18,152 
Total
$135,624 $146,038 
Rollforwards
The following information about the separate account liabilities includes disaggregated rollforwards. The products grouped within these rollforwards were selected based upon common characteristics and valuations using similar inputs, judgments, assumptions and methodologies within a particular segment of the business.
The separate account liabilities are primarily comprised of the following: U.S. stable value and risk solutions contracts, U.S. annuities participating and non-participating group contracts, Latin America savings-oriented pension product in Chile under a mandatory privatized social security system, and MetLife Holdings variable annuities.
The balances of and changes in separate account liabilities were as follows:
U.S.
Stable Value and Risk Solutions		U.S.
Annuities		Latin America
Pensions		MetLife Holdings
Annuities
(In millions)
Nine Months Ended September 30, 2023
Balance, beginning of period$48,265 $11,694 $39,428 $28,499 
Premiums and deposits1,857 154 6,181 190 
Policy charges(223)(17)(219)(460)
Surrenders and withdrawals(8,696)(636)(4,485)(2,114)
Benefit payments(74)— (1,301)(350)
Investment performance711 (157)(216)1,740 
Net transfers from (to) general account(57)3 — (49)
Effect of foreign currency translation and other, net (1)
(1,280)111 (1,915)(1)
Balance, end of period$40,503 $11,152 $37,473 $27,455 
Nine Months Ended September 30, 2022
Balance, beginning of period58,473 21,292 37,631 40,173 
Premiums and deposits3,951 896 5,762 202 
Policy charges(240)(20)(190)(511)
Surrenders and withdrawals(4,748)(6,628)(4,330)(2,242)
Benefit payments(76)— (1,208)(329)
Investment performance(5,418)(3,100)(571)(9,450)
Net transfers from (to) general account85 (59)— (166)
Effect of foreign currency translation and other, net (1)
(5,256)(392)(4,082)3 
Balance, end of period$46,771 $11,989 $33,012 $27,680 
Cash surrender value at September 30, 2023 (2)
$36,246 N/A$37,473 $27,320 
Cash surrender value at September 30, 2022 (2)
$41,798 N/A$33,012 $27,523 
_____________
(1)    The effect of foreign currency translation and other, net for U.S. stable value and risk solutions primarily includes changes related to unsettled trades of mortgage-backed securities.
(2)    Cash surrender value represents the amount of the contractholders’ account balances distributable at the balance sheet date less policy loans and certain surrender charges.
Separate Account Assets
The Company’s aggregate fair value of assets, by major investment asset category, supporting separate account liabilities was as follows at:
September 30, 2023
U.S.AsiaLatin AmericaEMEAMetLife HoldingsTotal
(In millions)
Fixed maturity securities:
Bonds:
Foreign government$497 $1,073 $2,052 $2,284 $— $5,906 
U.S. government and agency9,754 — 8,142 — 17 17,913 
Public utilities1,119 306 — — 4 1,429 
Municipals375 23 — — 13 411 
Corporate bonds:
Materials145 — — — — 145 
Communications885 7 — — 4 896 
Consumer1,823 43 — — 7 1,873 
Energy868 97 — — 2 967 
Financial2,666 523 5,783 398 15 9,385 
Industrial and other739 43 3,365 — 3 4,150 
Technology552 2 — — 2 556 
Foreign2,000 — 2,933 26 13 4,972 
Total corporate bonds
9,678 715 12,081 424 46 22,944 
Total bonds21,423 2,117 22,275 2,708 80 48,603 
Mortgage-backed securities
10,137 — — — 34 10,171 
Asset-backed securities and collateralized loan obligations
2,658 17 — — 13 2,688 
Redeemable preferred stock9 — — — — 9 
Total fixed maturity securities34,227 2,134 22,275 2,708 127 61,471 
Equity securities:
Common stock:
Industrial, miscellaneous and all other2,429 2,435 2,160 624 — 7,648 
Banks, trust and insurance companies487 271 333 252 — 1,343 
Public utilities62 16 — 77 — 155 
Non-redeemable preferred stock— — — — — — 
Mutual funds 9,279 2,653 8,955 86 33,061 54,034 
Total equity securities12,257 5,375 11,448 1,039 33,061 63,180 
Other invested assets
1,491 336 3,229 54 — 5,110 
Total investments
47,975 7,845 36,952 3,801 33,188 129,761 
Other assets
4,818 430 521 91 3 5,863 
Total
$52,793 $8,275 $37,473 $3,892 $33,191 $135,624 
December 31, 2022
U.S.AsiaLatin AmericaEMEAMetLife HoldingsTotal
(In millions)
Fixed maturity securities:
Bonds:
Foreign government$588 $1,047 $593 $1,988 $— $4,216 
U.S. government and agency11,340 — 8,828 — 13 20,181 
Public utilities1,183 281 — — 4 1,468 
Municipals504 33 — — 12 549 
Corporate bonds:
Materials242 — — — — 242 
Communications1,182 8 — — 3 1,193 
Consumer2,393 — — — 7 2,400 
Energy866 103 — — 1 970 
Financial3,538 527 7,389 444 16 11,914 
Industrial and other882 186 3,635 — 3 4,706 
Technology717 — — — 3 720 
Foreign2,473 — 4,018 21 12 6,524 
Total corporate bonds
12,293 824 15,042 465 45 28,669 
Total bonds25,908 2,185 24,463 2,453 74 55,083 
Mortgage-backed securities
12,328 — — — 32 12,360 
Asset-backed securities and collateralized loan obligations
2,926 28 — — 14 2,968 
Redeemable preferred stock4 — — — — 4 
Total fixed maturity securities41,166 2,213 24,463 2,453 120 70,415 
Equity securities:
Common stock:
Industrial, miscellaneous and all other2,910 2,330 2,100 475 — 7,815 
Banks, trust and insurance companies599 270 347 188 — 1,404 
Public utilities96 27 — 45 — 168 
Non-redeemable preferred stock2 — — — — 2 
Mutual funds 8,247 2,607 8,639 75 33,848 53,416 
Total equity securities11,854 5,234 11,086 783 33,848 62,805 
Other invested assets
1,865 411 3,687 43 — 6,006 
Total investments
54,885 7,858 39,236 3,279 33,968 139,226 
Other assets
6,145 434 192 35 6 6,812 
Total
$61,030 $8,292 $39,428 $3,314 $33,974 $146,038