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Deferred Policy Acquisition Costs, Value of Business Acquired and Unearned Revenue
 3 Months Ended
Mar. 31, 2025
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract]  
Intangible Assets and Liabilities and Unearned Revenue, excluding Goodwill [Text Block]
8. Deferred Policy Acquisition Costs, Value of Business Acquired and Unearned Revenue
DAC and VOBA
Information regarding total DAC and VOBA by segment, as well as Corporate & Other, was as follows at:
Group
Benefits
RIS
Asia (1)
Latin
America (2)
EMEA (2)
MetLife
Holdings (3)
Corporate &
Other
Total
(In millions)
DAC:
Balance at January 1, 2025
$250 $552 $10,785 $1,836 $1,664 $3,063 $28 $18,178 
Capitalizations5 37 351 172 126 4 3 698 
Amortization(6)(16)(205)(120)(91)(54)(2)(494)
Effect of foreign currency translation and other, net— — 194 54 47 — 1 296 
Balance at March 31, 2025$249 $573 $11,125 $1,942 $1,746 $3,013 $30 $18,678 
Balance at January 1, 2024
$258 $397 $10,864 $1,950 $1,618 $3,271 $30 $18,388 
Capitalizations4 61 361 178128 5 3 740 
Amortization(6)(14)(190)(114)(87)(58)(2)(471)
Effect of foreign currency translation and other, net— — (361)(14)(41)— (3)(419)
Balance at March 31, 2024$256 $444 $10,674 $2,000 $1,618 $3,218 $28 $18,238 
VOBA:
Balance at January 1, 2025
$— $13 $935 $393 $94 $14 $— $1,449 
Amortization— (1)(16)(9)(4)(1)— (31)
Effect of foreign currency translation and other, net— — 47 16 3 — — 66 
Balance at March 31, 2025$— $12 $966 $400 $93 $13 $— $1,484 
Balance at January 1, 2024
$— $16 $1,119 $497 $113 $18 $— $1,763 
Amortization— (1)(20)(11)(4)(1)— (37)
Effect of foreign currency translation and other, net— — (76)(44)(2)— — (122)
Balance at March 31, 2024$— $15 $1,023 $442 $107 $17 $— $1,604 
Total DAC and VOBA:
Balance at March 31, 2025
$20,162 
Balance at March 31, 2024
$19,842 
Balance at December 31, 2024
$19,627 
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(1)Includes DAC balances primarily related to accident & health, universal and variable universal life, variable life and fixed annuity products and VOBA balances primarily related to accident & health products.
(2)Includes DAC balances primarily related to universal life, variable universal life, ordinary life and accident & health products.
(3)Includes DAC balances primarily related to whole life, variable annuities, term life, universal life, variable universal life and long-term care products.
Unearned Revenue
Information regarding the Company’s unearned revenue primarily related to universal life and variable universal life products by segment included in other policy-related balances was as follows:
Three Months
Ended
March 31, 2025
RIS
AsiaLatin
 America		EMEAMetLife
Holdings 		Total
(In millions)
Balance, beginning of period$27 $3,076 $841 $622 $69 $4,635 
Deferrals1 106 33 24 3 167 
Amortization(2)(61)(26)(18)(2)(109)
Effect of foreign currency translation and other, net— 6 16 19 — 41 
Balance, end of period$26 $3,127 $864 $647 $70 $4,734 
Three Months
Ended
March 31, 2024
RIS
AsiaLatin
 America		EMEAMetLife
Holdings		Total
(In millions)
Balance, beginning of period$31 $2,850 $989 $608 $59 $4,537 
Deferrals1 152 37 25 3 218 
Amortization(2)(52)(30)(17)(1)(102)
Effect of foreign currency translation and other, net— (31)4 (14)— (41)
Balance, end of period$30 $2,919 $1,000 $602 $61 $4,612