XML 72 R61.htm IDEA: XBRL DOCUMENT 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