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v3.24.1.u1

Deferred Policy Acquisition Costs, Value of Business Acquired and Unearned Revenue - DAC VOBA by Segment (Details) - USD ($) $ in Millions | 3 Months Ended |
--- | --- | ---
Mar. 31, 2024 | Mar. 31, 2023 | Dec. 31, 2023
DAC: |  |  |
DAC, Beginning Balance | $ 18,388 | $ 17,644 |
Capitalizations | 740 | 718 |
Amortization | (471) | (426) |
Effect of foreign currency translation and other, net | (419) | 42 |
DAC, Ending Balance | 18,238 | 17,978 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 1,763 | 2,009 |
Amortization | (37) | (44) |
Effect of foreign currency translation and other, net | (122) | 33 |
VOBA Net, Ending Balance | 1,604 | 1,998 |
Deferred policy acquisition costs and value of business acquired | 19,842 | 19,976 | $ 20,151
Group Benefits |  |  |
DAC: |  |  |
DAC, Beginning Balance | 258 | 265 |
Capitalizations | 4 | 6 |
Amortization | (6) | (6) |
Effect of foreign currency translation and other, net | 0 | 0 |
DAC, Ending Balance | 256 | 265 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 0 | 0 |
Amortization | 0 | 0 |
Effect of foreign currency translation and other, net | 0 | 0 |
VOBA Net, Ending Balance | 0 | 0 |
RIS |  |  |
DAC: |  |  |
DAC, Beginning Balance | 397 | 267 |
Capitalizations | 61 | 45 |
Amortization | (14) | (10) |
Effect of foreign currency translation and other, net | 0 | 0 |
DAC, Ending Balance | 444 | 302 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 16 | 19 |
Amortization | (1) | (1) |
Effect of foreign currency translation and other, net | 0 | 0 |
VOBA Net, Ending Balance | 15 | 18 |
Asia |  |  |
DAC: |  |  |
DAC, Beginning Balance | 10,864 | 10,270 |
Capitalizations | 361 | 401 |
Amortization | (190) | (168) |
Effect of foreign currency translation and other, net | (361) | (89) |
DAC, Ending Balance | 10,674 | 10,414 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 1,119 | 1,290 |
Amortization | (20) | (25) |
Effect of foreign currency translation and other, net | (76) | (11) |
VOBA Net, Ending Balance | 1,023 | 1,254 |
Latin America |  |  |
DAC: |  |  |
DAC, Beginning Balance | 1,950 | 1,542 |
Capitalizations | 178 | 151 |
Amortization | (114) | (93) |
Effect of foreign currency translation and other, net | (14) | 108 |
DAC, Ending Balance | 2,000 | 1,708 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 497 | 545 |
Amortization | (11) | (13) |
Effect of foreign currency translation and other, net | (44) | 42 |
VOBA Net, Ending Balance | 442 | 574 |
EMEA |  |  |
DAC: |  |  |
DAC, Beginning Balance | 1,618 | 1,480 |
Capitalizations | 128 | 108 |
Amortization | (87) | (81) |
Effect of foreign currency translation and other, net | (41) | 22 |
DAC, Ending Balance | 1,618 | 1,529 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 113 | 127 |
Amortization | (4) | (4) |
Effect of foreign currency translation and other, net | (2) | 2 |
VOBA Net, Ending Balance | 107 | 125 |
MetLife Holdings |  |  |
DAC: |  |  |
DAC, Beginning Balance | 3,271 | 3,791 |
Capitalizations | 5 | 6 |
Amortization | (58) | (67) |
Effect of foreign currency translation and other, net | 0 | 0 |
DAC, Ending Balance | 3,218 | 3,730 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 18 | 28 |
Amortization | (1) | (1) |
Effect of foreign currency translation and other, net | 0 | 0 |
VOBA Net, Ending Balance | 17 | 27 |
Corporate & Other |  |  |
DAC: |  |  |
DAC, Beginning Balance | 30 | 29 |
Capitalizations | 3 | 1 |
Amortization | (2) | (1) |
Effect of foreign currency translation and other, net | (3) | 1 |
DAC, Ending Balance | 28 | 30 |
VOBA: |  |  |
VOBA Net, Beginning Balance | 0 | 0 |
Amortization | 0 | 0 |
Effect of foreign currency translation and other, net | 0 | 0 |
VOBA Net, Ending Balance | $ 0 | $ 0 |

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