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Segment Information (Tables) | 12 Months Ended
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Dec. 31, 2022
Segment Reporting [Abstract] |
Segment Reporting Information, by Segment |
Year Ended December 31, 2022 |  | U.S. |  | Asia |  | Latin America |  | EMEA |  | MetLife Holdings |  | Corporate & Other |  | Total |  | Adjustments |  | Total Consolidated
|  | (In millions)
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Premiums |  | $ | 35,548 |  |  | $ | 5,568 |  |  | $ | 3,226 |  |  | $ | 1,964 |  |  | $ | 3,066 |  |  | $ | (16) |  |  | $ | 49,356 |  |  | $ | 41 |  |  | $ | 49,397 |
Universal life and investment-type product policy fees |  | 1,158 |  |  | 1,840 |  |  | 1,175 |  |  | 300 |  |  | 1,057 |  |  | 2 |  |  | 5,532 |  |  | 53 |  |  | 5,585 |
Net investment income (1) |  | 7,340 |  |  | 3,909 |  |  | 1,593 |  |  | 160 |  |  | 4,971 |  |  | 216 |  |  | 18,189 |  |  | (2,273) |  |  | 15,916 |
Other revenues |  | 1,756 |  |  | 90 |  |  | 39 |  |  | 35 |  |  | 155 |  |  | 396 |  |  | 2,471 |  |  | 163 |  |  | 2,634 |
Net investment gains (losses) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,262) |  |  | (1,262) |
Net derivative gains (losses) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,372) |  |  | (2,372) |
Total revenues |  | 45,802 |  |  | 11,407 |  |  | 6,033 |  |  | 2,459 |  |  | 9,249 |  |  | 598 |  |  | 75,548 |  |  | (5,650) |  |  | 69,898 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Policyholder benefits and claims and policyholder dividends |  | 36,273 |  |  | 4,752 |  |  | 3,301 |  |  | 990 |  |  | 6,056 |  |  | (6) |  |  | 51,366 |  |  | (53) |  |  | 51,313 |
Interest credited to policyholder account balances |  | 1,789 |  |  | 2,003 |  |  | 335 |  |  | 71 |  |  | 813 |  |  | — |  |  | 5,011 |  |  | (1,319) |  |  | 3,692 |
Capitalization of DAC |  | (77) |  |  | (1,524) |  |  | (499) |  |  | (411) |  |  | (28) |  |  | (8) |  |  | (2,547) |  |  | (11) |  |  | (2,558) |
Amortization of DAC and VOBA |  | 59 |  |  | 1,105 |  |  | 339 |  |  | 333 |  |  | 192 |  |  | 9 |  |  | 2,037 |  |  | (106) |  |  | 1,931 |
Amortization of negative VOBA |  | — |  |  | (36) |  |  | — |  |  | (5) |  |  | — |  |  | — |  |  | (41) |  |  | — |  |  | (41) |
Interest expense on debt |  | 9 |  |  | — |  |  | 12 |  |  | — |  |  | 8 |  |  | 909 |  |  | 938 |  |  | — |  |  | 938 |
Other expenses |  | 3,962 |  |  | 3,153 |  |  | 1,553 |  |  | 1,171 |  |  | 953 |  |  | 709 |  |  | 11,501 |  |  | 263 |  |  | 11,764 |
Total expenses |  | 42,015 |  |  | 9,453 |  |  | 5,041 |  |  | 2,149 |  |  | 7,994 |  |  | 1,613 |  |  | 68,265 |  |  | (1,226) |  |  | 67,039 |
Provision for income tax expense (benefit) |  | 791 |  |  | 576 |  |  | 231 |  |  | 64 |  |  | 247 |  |  | (356) |  |  | 1,553 |  |  | (1,252) |  |  | 301 |
Adjusted earnings |  | $ | 2,996 |  |  | $ | 1,378 |  |  | $ | 761 |  |  | $ | 246 |  |  | $ | 1,008 |  |  | $ | (659) |  |  | 5,730 |  |  |  |  |
Adjustments to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | (5,650) |  |  |  |  |
Total expenses |  | 1,226 |  |  |  |  |
Provision for income tax (expense) benefit |  | 1,252 |  |  |  |  |
Net income (loss) |  | $ | 2,558 |  |  |  |  | $ | 2,558 |
At December 31, 2022 |  | U.S. |  | Asia (2) |  | Latin America |  | EMEA |  | MetLife Holdings |  | Corporate & Other |  | Total
|  | (In millions)
Total assets |  | $ | 252,559 |  |  | $ | 150,134 |  |  | $ | 63,810 |  |  | $ | 16,765 |  |  | $ | 149,739 |  |  | $ | 33,604 |  |  | $ | 666,611 |
Separate account assets |  | $ | 61,030 |  |  | $ | 8,292 |  |  | $ | 39,428 |  |  | $ | 3,314 |  |  | $ | 33,974 |  |  | $ | — |  |  | $ | 146,038 |
Separate account liabilities |  | $ | 61,030 |  |  | $ | 8,292 |  |  | $ | 39,428 |  |  | $ | 3,314 |  |  | $ | 33,974 |  |  | $ | — |  |  | $ | 146,038 |
__________________ (1)Net investment income from equity method investments represents 5%, 12%, 3% and 6% of segment net investment income for the U.S., Asia, Latin America and MetLife Holdings segments, respectively. (2)Total assets includes $127.1 billion of assets from the Company’s Japan operations which represents 19% of total assets.
Year Ended December 31, 2021 |  | U.S. |  | Asia |  | Latin America |  | EMEA |  | MetLife Holdings |  | Corporate & Other |  | Total |  | Adjustments |  | Total Consolidated
|  | (In millions)
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Premiums |  | $ | 26,358 |  |  | $ | 6,421 |  |  | $ | 2,609 |  |  | $ | 2,271 |  |  | $ | 3,333 |  |  | $ | 35 |  |  | $ | 41,027 |  |  | $ | 982 |  |  | $ | 42,009 |
Universal life and investment-type product policy fees |  | 1,140 |  |  | 1,814 |  |  | 1,109 |  |  | 395 |  |  | 1,101 |  |  | 2 |  |  | 5,561 |  |  | 195 |  |  | 5,756 |
Net investment income (1) |  | 8,048 |  |  | 5,052 |  |  | 1,271 |  |  | 215 |  |  | 6,450 |  |  | 244 |  |  | 21,280 |  |  | 115 |  |  | 21,395 |
Other revenues |  | 1,538 |  |  | 73 |  |  | 41 |  |  | 47 |  |  | 257 |  |  | 420 |  |  | 2,376 |  |  | 243 |  |  | 2,619 |
Net investment gains (losses) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,529 |  |  | 1,529 |
Net derivative gains (losses) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (2,228) |  |  | (2,228) |
Total revenues |  | 37,084 |  |  | 13,360 |  |  | 5,030 |  |  | 2,928 |  |  | 11,141 |  |  | 701 |  |  | 70,244 |  |  | 836 |  |  | 71,080 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Policyholder benefits and claims and policyholder dividends |  | 27,957 |  |  | 5,008 |  |  | 3,143 |  |  | 1,241 |  |  | 6,268 |  |  | 34 |  |  | 43,651 |  |  | 1,179 |  |  | 44,830 |
Interest credited to policyholder account balances |  | 1,422 |  |  | 1,995 |  |  | 249 |  |  | 86 |  |  | 840 |  |  | — |  |  | 4,592 |  |  | 946 |  |  | 5,538 |
Capitalization of DAC |  | (65) |  |  | (1,607) |  |  | (414) |  |  | (469) |  |  | (33) |  |  | (11) |  |  | (2,599) |  |  | (119) |  |  | (2,718) |
Amortization of DAC and VOBA |  | 60 |  |  | 1,369 |  |  | 285 |  |  | 356 |  |  | 257 |  |  | 9 |  |  | 2,336 |  |  | 219 |  |  | 2,555 |
Amortization of negative VOBA |  | — |  |  | (27) |  |  | — |  |  | (7) |  |  | — |  |  | — |  |  | (34) |  |  | — |  |  | (34) |
Interest expense on debt |  | 7 |  |  | — |  |  | 5 |  |  | — |  |  | 5 |  |  | 902 |  |  | 919 |  |  | 1 |  |  | 920 |
Other expenses |  | 3,632 |  |  | 3,388 |  |  | 1,401 |  |  | 1,324 |  |  | 992 |  |  | 562 |  |  | 11,299 |  |  | 564 |  |  | 11,863 |
Total expenses |  | 33,013 |  |  | 10,126 |  |  | 4,669 |  |  | 2,531 |  |  | 8,329 |  |  | 1,496 |  |  | 60,164 |  |  | 2,790 |  |  | 62,954 |
Provision for income tax expense (benefit) |  | 850 |  |  | 936 |  |  | 70 |  |  | 96 |  |  | 570 |  |  | (591) |  |  | 1,931 |  |  | (380) |  |  | 1,551 |
Adjusted earnings |  | $ | 3,221 |  |  | $ | 2,298 |  |  | $ | 291 |  |  | $ | 301 |  |  | $ | 2,242 |  |  | $ | (204) |  |  | 8,149 |  |  |  |  |
Adjustments to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | 836 |  |  |  |  |
Total expenses |  | (2,790) |  |  |  |  |
Provision for income tax (expense) benefit |  | 380 |  |  |  |  |
Net income (loss) |  | $ | 6,575 |  |  |  |  | $ | 6,575 |
At December 31, 2021 |  | U.S. |  | Asia (2) |  | Latin America |  | EMEA |  | MetLife Holdings |  | Corporate & Other |  | Total
|  | (In millions)
Total assets |  | $ | 282,741 |  |  | $ | 169,291 |  |  | $ | 59,763 |  |  | $ | 27,038 |  |  | $ | 179,551 |  |  | $ | 41,324 |  |  | $ | 759,708 |
Separate account assets |  | $ | 81,217 |  |  | $ | 10,241 |  |  | $ | 37,632 |  |  | $ | 3,098 |  |  | $ | 47,685 |  |  | $ | — |  |  | $ | 179,873 |
Separate account liabilities |  | $ | 81,217 |  |  | $ | 10,241 |  |  | $ | 37,632 |  |  | $ | 3,098 |  |  | $ | 47,685 |  |  | $ | — |  |  | $ | 179,873 |
__________________ (1)Net investment income from equity method investments represents 23%, 30%, 7% and 26% of segment net investment income for the U.S., Asia, Latin America and MetLife Holdings segments, respectively. (2)Total assets includes $142.7 billion of assets from the Company’s Japan operations which represents 19% of total assets.
Year Ended December 31, 2020 |  | U.S. |  | Asia |  | Latin America |  | EMEA |  | MetLife Holdings |  | Corporate & Other |  | Total |  | Adjustments |  | Total Consolidated
|  | (In millions)
Revenues |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Premiums |  | $ | 27,265 |  |  | $ | 6,571 |  |  | $ | 2,265 |  |  | $ | 2,259 |  |  | $ | 3,600 |  |  | $ | 22 |  |  | $ | 41,982 |  |  | $ | 52 |  |  | $ | 42,034 |
Universal life and investment-type product policy fees |  | 1,070 |  |  | 1,892 |  |  | 994 |  |  | 433 |  |  | 1,073 |  |  | 3 |  |  | 5,465 |  |  | 138 |  |  | 5,603 |
Net investment income (1) |  | 6,903 |  |  | 3,938 |  |  | 992 |  |  | 269 |  |  | 5,184 |  |  | 42 |  |  | 17,328 |  |  | (211) |  |  | 17,117 |
Other revenues |  | 957 |  |  | 61 |  |  | 38 |  |  | 52 |  |  | 238 |  |  | 344 |  |  | 1,690 |  |  | 159 |  |  | 1,849 |
Net investment gains (losses) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (110) |  |  | (110) |
Net derivative gains (losses) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,349 |  |  | 1,349 |
Total revenues |  | 36,195 |  |  | 12,462 |  |  | 4,289 |  |  | 3,013 |  |  | 10,095 |  |  | 411 |  |  | 66,465 |  |  | 1,377 |  |  | 67,842 |
Expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Policyholder benefits and claims and policyholder dividends |  | 26,309 |  |  | 5,213 |  |  | 2,406 |  |  | 1,196 |  |  | 6,738 |  |  | (3) |  |  | 41,859 |  |  | 692 |  |  | 42,551 |
Interest credited to policyholder account balances |  | 1,622 |  |  | 1,834 |  |  | 240 |  |  | 109 |  |  | 868 |  |  | — |  |  | 4,673 |  |  | 541 |  |  | 5,214 |
Capitalization of DAC |  | (453) |  |  | (1,652) |  |  | (362) |  |  | (491) |  |  | (39) |  |  | (11) |  |  | (3,008) |  |  | (5) |  |  | (3,013) |
Amortization of DAC and VOBA |  | 471 |  |  | 1,415 |  |  | 276 |  |  | 454 |  |  | 370 |  |  | 8 |  |  | 2,994 |  |  | 166 |  |  | 3,160 |
Amortization of negative VOBA |  | — |  |  | (37) |  |  | — |  |  | (8) |  |  | — |  |  | — |  |  | (45) |  |  | — |  |  | (45) |
Interest expense on debt |  | 7 |  |  | — |  |  | 4 |  |  | 1 |  |  | 6 |  |  | 895 |  |  | 913 |  |  | — |  |  | 913 |
Other expenses |  | 4,162 |  |  | 3,481 |  |  | 1,318 |  |  | 1,344 |  |  | 942 |  |  | 625 |  |  | 11,872 |  |  | 263 |  |  | 12,135 |
Total expenses |  | 32,118 |  |  | 10,254 |  |  | 3,882 |  |  | 2,605 |  |  | 8,885 |  |  | 1,514 |  |  | 59,258 |  |  | 1,657 |  |  | 60,915 |
Provision for income tax expense (benefit) |  | 853 |  |  | 643 |  |  | 127 |  |  | 81 |  |  | 234 |  |  | (556) |  |  | 1,382 |  |  | 127 |  |  | 1,509 |
Adjusted earnings |  | $ | 3,224 |  |  | $ | 1,565 |  |  | $ | 280 |  |  | $ | 327 |  |  | $ | 976 |  |  | $ | (547) |  |  | 5,825 |  |  |  |  |
Adjustments to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Total revenues |  | 1,377 |  |  |  |  |
Total expenses |  | (1,657) |  |  |  |  |
Provision for income tax (expense) benefit |  | (127) |  |  |  |  |
Net income (loss) |  | $ | 5,418 |  |  |  |  | $ | 5,418 |
__________________ (1)Net investment income from equity method investments represents 5%, 12%, 1% and 5% of segment net investment income for the U.S., 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,
| 2022 |  | 2021 |  | 2020
| (In millions)
Life insurance | $ | 21,969 |  |  | $ | 22,872 |  |  | $ | 21,256 |
Accident & health insurance | 17,453 |  |  | 17,498 |  |  | 15,346 |
Annuities | 16,647 |  |  | 7,499 |  |  | 7,916 |
Other | 1,547 |  |  | 2,515 |  |  | 4,968 |
Total | $ | 57,616 |  |  | $ | 50,384 |  |  | $ | 49,486 |
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,
| 2022 |  | 2021 |  | 2020
| (In millions)
U.S. | $ | 43,319 |  |  | $ | 35,252 |  |  | $ | 34,717 |
Foreign: |  |  |  |  |
Japan | 5,532 |  |  | 6,426 |  |  | 6,750 |
Other | 8,765 |  |  | 8,706 |  |  | 8,019 |
Total | $ | 57,616 |  |  | $ | 50,384 |  |  | $ | 49,486 |

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