XML 71 R58.htm IDEA: XBRL DOCUMENT v3.24.3
Market Risk Benefits Rollforward (Details) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Market Risk Benefit [Line Items]    
Beginning balance $ 2,893  
Ending balance 2,807  
Retirement Assurance | Asia    
Market Risk Benefit [Line Items]    
Beginning balance 203 $ 226
Balance, beginning of period, before effect of cumulative changes in the instrument-specific credit risk 205 233
Attributed fees collected 3 2
Benefit payments (9) (9)
Effect of changes in interest rates 4 2
Actual policyholder behavior different from expected behavior (2) (1)
Effect of changes in future expected policyholder behavior and other assumptions 0 (1)
Effect of foreign currency translation and other, net (3) (30)
Balance, end of period, before the cumulative effect of changes in the instrument-specific credit risk 198 196
Cumulative effect of changes in the instrument-specific credit risk (1) (3)
Ending balance 197 193
Retirement Assurance | Asia | At annuitization or exercise of other living benefits    
Market Risk Benefit [Line Items]    
Net amount at risk $ 122 $ 116
Average attained age of policyholders 58 years 58 years
Variable Annuity | MetLife Holdings    
Market Risk Benefit [Line Items]    
Beginning balance $ 2,722 $ 3,225
Balance, beginning of period, before effect of cumulative changes in the instrument-specific credit risk 2,772 3,360
Attributed fees collected 266 286
Benefit payments (67) (36)
Effect of changes in interest rates (70) (881)
Effect of changes in capital markets (527) (542)
Effect of changes in equity index volatility 37 (84)
Actual policyholder behavior different from expected behavior 176 95
Effect of changes in future expected policyholder behavior and other assumptions 12 9
Effect of foreign currency translation and other, net 34 118
Effect of changes in risk margin (7) (46)
Balance, end of period, before the cumulative effect of changes in the instrument-specific credit risk 2,626 2,279
Cumulative effect of changes in the instrument-specific credit risk (19) (16)
Effect of foreign currency translation on the cumulative instrument-specific credit risk 1 5
Ending balance 2,608 2,268
Variable Annuity | MetLife Holdings | In the event of death    
Market Risk Benefit [Line Items]    
Net amount at risk $ 2,243 $ 3,979
Average attained age of policyholders 71 years 70 years
Variable Annuity | MetLife Holdings | At annuitization or exercise of other living benefits    
Market Risk Benefit [Line Items]    
Net amount at risk $ 643 $ 921
Average attained age of policyholders 68 years 70 years
Insurance, Other    
Market Risk Benefit [Line Items]    
Beginning balance $ (32) $ 32
Balance, beginning of period, before effect of cumulative changes in the instrument-specific credit risk (50) 24
Attributed fees collected 38 23
Benefit payments (5) (23)
Effect of changes in interest rates (12) (98)
Effect of changes in capital markets (8) (15)
Effect of changes in equity index volatility 0 (4)
Actual policyholder behavior different from expected behavior 6 (21)
Effect of changes in future expected policyholder behavior and other assumptions (2) 2
Effect of foreign currency translation and other, net 22 37
Effect of changes in risk margin (1) (2)
Balance, end of period, before the cumulative effect of changes in the instrument-specific credit risk (12) (77)
Cumulative effect of changes in the instrument-specific credit risk 13 20
Effect of foreign currency translation on the cumulative instrument-specific credit risk 1 0
Ending balance 2 (57)
Less: Reinsurance recoverable 16 18
Balance, end of period, net of reinsurance $ (14) $ (75)