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Segment Information (Tables)
 12 Months Ended
Dec. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting Information, by Segment
Year Ended December 31, 2023
Group
Benefits
RIS
AsiaLatin
America		EMEAMetLife
Holdings		Corporate
& Other		TotalAdjustmentsTotal
Consolidated
(In millions)
Revenues
Premiums$21,558 $8,248 $5,251 $4,287 $2,016 $2,881 $42 $44,283 $— $44,283 
Universal life and investment-type product policy fees
878 313 1,632 1,398 298 632 1 5,152 — 5,152 
Net investment income (1)1,301 7,803 3,957 1,644 197 4,494 353 19,749 159 19,908 
Other revenues1,493 271 86 42 32 195 412 2,531 (5)2,526 
Net investment gains (losses)
— — — — — — — — (2,824)(2,824)
Net derivative gains (losses)
— — — — — — — — (2,140)(2,140)
Total revenues
25,230 16,635 10,926 7,371 2,543 8,202 808 71,715 (4,810)66,905 
Expenses
Policyholder benefits and claims and policyholder dividends
19,164 11,269 4,333 4,094 984 5,350 23 45,217 (5)45,212 
Policyholder liability remeasurement (gains) losses(28)(131)105 (25)(3)37 — (45)— (45)
Market risk benefit remeasurement (gains) losses— — — — — — — — (994)(994)
Interest credited to policyholder account balances
193 2,887 2,301 426 72 730 — 6,609 1,251 7,860 
Capitalization of DAC
(20)(176)(1,583)(651)(457)(22)(8)(2,917)— (2,917)
Amortization of DAC and VOBA
26 49 794 468 348 258 9 1,952 — 1,952 
Amortization of negative VOBA
— — (22)— (4)— — (26)— (26)
Interest expense on debt2 14 — 11 — 13 1,005 1,045 — 1,045 
Other expenses3,796 565 3,158 1,911 1,260 927 946 12,563 93 12,656 
Total expenses
23,133 14,477 9,086 6,234 2,200 7,293 1,975 64,398 345 64,743 
Provision for income tax expense (benefit)
442 450 558 297 78 176 (407)1,594 (1,034)560 
Adjusted earnings
$1,655 $1,708 $1,282 $840 $265 $733 $(760)5,723 
Adjustments to:
Total revenues
(4,810)
Total expenses
(345)
Provision for income tax (expense) benefit
1,034 
Net income (loss)$1,602 $1,602 
At December 31, 2023
Group
Benefits
RIS
Asia
Latin
America		EMEAMetLife
Holdings		Corporate
& Other		Total
(In millions)
Total assets (1),(2)
$36,715 $218,587 $157,206 $69,177 $18,596 $148,524 $38,779 $687,584 
Separate account assets$1,159 $53,093 $9,187 $41,320 $4,327 $35,548 $— $144,634 
Separate account liabilities
$1,159 $53,093 $9,187 $41,320 $4,327 $35,548 $— $144,634 
__________________
(1)Net investment income from equity method invested assets represents 0%, 1%, 4%, 1% and 2% of segment net investment income, and equity method invested assets represent 1%, 3%, 6%, 0% and 4% of segment total assets for the Group Benefits, RIS, Asia, Latin America and MetLife Holdings segments, respectively.
(2)Asia segment total assets includes $132.2 billion of assets from the Company’s Japan operations which represents 19% of Company total assets.
Year Ended December 31, 2022
Group
Benefits
RIS
AsiaLatin
America		EMEAMetLife
Holdings		Corporate
& Other		TotalAdjustmentsTotal
Consolidated
(In millions)
Revenues
Premiums$21,051 $13,619 $5,563 $3,224 $1,962 $3,066 $(16)$48,469 $41 $48,510 
Universal life and investment-type product policy fees
855 303 1,693 1,175 284 902 2 5,214 11 5,225 
Net investment income (1)1,136 6,204 3,909 1,593 160 4,914 273 18,189 (2,273)15,916 
Other revenues1,360 392 90 39 35 155 396 2,467 163 2,630 
Net investment gains (losses)
— — — — — — — — (1,260)(1,260)
Net derivative gains (losses)
— — — — — — — — (2,251)(2,251)
Total revenues
24,402 20,518 11,255 6,031 2,441 9,037 655 74,339 (5,569)68,770 
Expenses
Policyholder benefits and claims and policyholder dividends
19,076 16,163 4,564 3,320 976 5,636 (6)49,729 484 50,213 
Policyholder liability remeasurement (gains) losses7 (36)69 (21)(6)101 — 114 — 114 
Market risk benefit remeasurement (gains) losses— — — — — — — — (3,674)(3,674)
Interest credited to policyholder account balances
143 1,914 2,003 335 71 813 — 5,279 (1,385)3,894 
Capitalization of DAC
(18)(113)(1,530)(494)(411)(29)(8)(2,603)(11)(2,614)
Amortization of DAC and VOBA
26 40 745 410 323 270 9 1,823 8 1,831 
Amortization of negative VOBA
— — (24)— (5)— — (29)— (29)
Interest expense on debt1 8 — 12 — 8 909 938 — 938 
Other expenses3,478 484 3,153 1,520 1,171 953 709 11,468 265 11,733 
Total expenses
22,713 18,460 8,980 5,082 2,119 7,752 1,613 66,719 (4,313)62,406 
Provision for income tax expense (benefit)
357 423 658 220 73 254 (343)1,642 (580)1,062 
Adjusted earnings
$1,332 $1,635 $1,617 $729 $249 $1,031 $(615)5,978 
Adjustments to:
Total revenues
(5,569)
Total expenses
4,313 
Provision for income tax (expense) benefit
580 
Net income (loss)$5,302 $5,302 
At December 31, 2022
Group Benefits
RIS
Asia
Latin
America
EMEA
MetLife
Holdings
Corporate
& Other		Total
(In millions)
Total assets (2)
$35,849 $216,370 $148,305 $63,687 $16,860 $148,749 $33,252 $663,072 
Separate account assets$990 $60,040 $8,292 $39,428 $3,314 $33,974 $— $146,038 
Separate account liabilities
$990 $60,040 $8,292 $39,428 $3,314 $33,974 $— $146,038 
__________________
(1)Net investment income from equity method invested assets represents 1%, 6%, 12%, 3% and 6% of segment net investment income for the Group Benefits, RIS, Asia, Latin America and MetLife Holdings segments, respectively.
(2)Asia segment total assets includes $125.1 billion of assets from the Company’s Japan operations which represents 19% of Company total assets.
Year Ended December 31, 2021
Group
Benefits
RIS
AsiaLatin
America		EMEAMetLife
Holdings		Corporate
& Other		TotalAdjustmentsTotal
Consolidated
(In millions)
Revenues
Premiums$20,475 $5,023 $6,421 $2,609 $2,274 $3,333 $35 $40,170 $982 $41,152 
Universal life and investment-type product policy fees
829 311 1,626 1,140 387 923 2 5,218 26 5,244 
Net investment income (1)1,160 6,888 5,052 1,271 215 6,385 309 21,280 115 21,395 
Other revenues1,239 299 73 41 47 257 420 2,376 243 2,619 
Net investment gains (losses)
— — — — — — — — 1,543 1,543 
Net derivative gains (losses)
— — — — — — — — (3,257)(3,257)
Total revenues
23,703 12,521 13,172 5,061 2,923 10,898 766 69,044 (348)68,696 
Expenses
Policyholder benefits and claims and policyholder dividends
19,807 7,330 5,251 3,155 1,196 6,118 34 42,891 1,107 43,998 
Policyholder liability remeasurement (gains) losses(5)(31)(152)(33)32 16 — (173)1 (172)
Market risk benefit remeasurement (gains) losses— — — — — — — — (1,237)(1,237)
Interest credited to policyholder account balances
127 1,550 1,994 249 86 840 — 4,846 725 5,571 
Capitalization of DAC
(19)(95)(1,601)(406)(469)(31)(11)(2,632)(119)(2,751)
Amortization of DAC and VOBA
26 37 786 372 361 320 9 1,911 126 2,037 
Amortization of negative VOBA
— — (28)— (7)— — (35)— (35)
Interest expense on debt1 6 — 5 — 5 902 919 1 920 
Other expenses3,177 455 3,388 1,385 1,324 992 562 11,283 564 11,847 
Total expenses
23,114 9,252 9,638 4,727 2,523 8,260 1,496 59,010 1,168 60,178 
Provision for income tax expense (benefit)
126 678 1,017 60 94 535 (574)1,936 (294)1,642 
Adjusted earnings
$463 $2,591 $2,517 $274 $306 $2,103 $(156)8,098 
Adjustments to:
Total revenues
(348)
Total expenses
(1,168)
Provision for income tax (expense) benefit
294 
Net income (loss)$6,876 $6,876 
__________________
(1)Net investment income from equity method invested assets represents 5%, 26%, 30%, 7% and 26% of segment net investment income for the Group Benefits, RIS, Asia, Latin America and MetLife Holdings segments, respectively.
Revenue from External Customers by Products and Services
The following table presents total premiums, universal life and investment-type product policy fees and other revenues by major product groups of the Company’s segments, as well as Corporate & Other:
Years Ended December 31,
202320222021
(In millions)
Life insurance$22,111 $21,728 $22,742 
Accident & health insurance18,014 17,441 17,367 
Annuities10,193 15,657 6,394 
Other
1,643 1,539 2,512 
Total
$51,961 $56,365 $49,015 
Revenue from External Customers by Geographic Areas
The following table presents total premiums, universal life and investment-type product policy fees and other revenues associated with the Company’s U.S. and foreign operations:
Years Ended December 31,
202320222021
(In millions)
U.S.
$36,869 $42,250 $34,191 
Japan
5,020 5,460 6,183 
Other
10,072 8,655 8,641 
Total
$51,961 $56,365 $49,015