XML 92 R70.htm IDEA: XBRL DOCUMENT v3.24.0.1
Business, Basis of Presentation and Summary of Significant Accounting Policies - Transition Table - Income Statement (Details) - USD ($)
$ / shares in Units, $ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2023
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Dec. 31, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Premiums                 $ 44,283 $ 48,510 $ 41,152
Universal life and investment-type product policy fees                 5,152 5,225 5,244
Other revenues                 2,526 2,630 2,619
Net investment gains (losses)                 (2,824) (1,260) 1,543
Net derivative gains (losses)                 (2,140) (2,251) (3,257)
Total revenues $ 19,028 $ 15,866 $ 16,623 $ 15,388 $ 15,608 $ 22,283 $ 15,474 $ 15,405 66,905 68,770 68,696
Policyholder benefits and claims                 44,590 49,507 43,118
Policyholder liability remeasurement (gains) losses                 (45) 114 (172)
Market Risk Benefit Remeasurement (Gains) Losses                 (994) (3,674) (1,237)
Interest credited to policyholder account balances                 7,860 3,894 5,571
Policyholder dividends                 622 706 880
Other expenses                 12,710 11,859 12,018
Total expenses 18,087 15,332 16,193 15,131 13,582 20,868 14,486 13,470 64,743 62,406 60,178
Income (loss) before provision for income tax                 2,162 6,364 8,518
Provision for income tax expense (benefit)                 560 1,062 1,642
Net income (loss) 614 495 408 85 1,581 1,167 915 1,639 1,602 5,302 6,876
Net Income (Loss) Attributable to Noncontrolling Interest 7 6 6 5 3 5 5 5 24 18 21
Net income (loss) attributable to MetLife, Inc. 607 489 402 80 1,578 1,162 910 1,634 1,578 5,284 6,855
Net income (loss) available to MetLife, Inc.’s common shareholders $ 574 $ 422 $ 370 $ 14 $ 1,549 $ 1,098 $ 881 $ 1,571 $ 1,380 $ 5,099 $ 6,654
Basic $ 0.78 $ 0.56 $ 0.48 $ 0.02 $ 1.98 $ 1.38 $ 1.09 $ 1.91 $ 1.82 $ 6.35 $ 7.71
Diluted $ 0.77 $ 0.56 $ 0.48 $ 0.02 $ 1.96 $ 1.37 $ 1.08 $ 1.89 $ 1.81 $ 6.30 $ 7.65
Previously Reported                      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Premiums                   $ 49,397 $ 42,009
Universal life and investment-type product policy fees                   5,585 5,756
Other revenues                   2,634 2,619
Net investment gains (losses)                   (1,262) 1,529
Net derivative gains (losses)                   (2,372) (2,228)
Total revenues                   69,898 71,080
Policyholder benefits and claims                   50,612 43,954
Policyholder liability remeasurement (gains) losses                   0 0
Market Risk Benefit Remeasurement (Gains) Losses                   0 0
Interest credited to policyholder account balances                   3,692 5,538
Policyholder dividends                   701 876
Other expenses                   12,034 12,586
Total expenses                   67,039 62,954
Income (loss) before provision for income tax                   2,859 8,126
Provision for income tax expense (benefit)                   301 1,551
Net income (loss)                   2,558 6,575
Net Income (Loss) Attributable to Noncontrolling Interest                   19 21
Net income (loss) attributable to MetLife, Inc.                   2,539 6,554
Net income (loss) available to MetLife, Inc.’s common shareholders                   $ 2,354 $ 6,353
Basic                   $ 2.93 $ 7.36
Diluted                   $ 2.91 $ 7.31
Revision of Prior Period, Accounting Standards Update, Adjustment                      
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                      
Premiums                   $ (887) $ (857)
Universal life and investment-type product policy fees                   (360) (512)
Other revenues                   (4) 0
Net investment gains (losses)                   2 14
Net derivative gains (losses)                   121 (1,029)
Total revenues                   (1,128) (2,384)
Policyholder benefits and claims                   (1,105) (836)
Policyholder liability remeasurement (gains) losses                   114 (172)
Market Risk Benefit Remeasurement (Gains) Losses                   (3,674) (1,237)
Interest credited to policyholder account balances                   202 33
Policyholder dividends                   5 4
Other expenses                   (175) (568)
Total expenses                   (4,633) (2,776)
Income (loss) before provision for income tax                   3,505 392
Provision for income tax expense (benefit)                   761 91
Net income (loss)                   2,744 301
Net Income (Loss) Attributable to Noncontrolling Interest                   (1) 0
Net income (loss) attributable to MetLife, Inc.                   2,745 301
Net income (loss) available to MetLife, Inc.’s common shareholders                   $ 2,745 $ 301
Basic                   $ 3.42 $ 0.35
Diluted                   $ 3.39 $ 0.34