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Policyholder Account Balances (Tables) | 12 Months Ended
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Dec. 31, 2024
Insurance [Abstract] |
Policyholder Account Balances | The Company’s PABs on the consolidated balance sheets were as follows at:
|  | December 31, 2024 |  | December 31, 2023
|  | (In millions)
Group Benefits - Group life |  | $ | 7,632 |  | $ | 7,692
RIS: |  |  |  |
Capital markets investment products and stable value GICs |  | 63,715 |  | 64,140
Annuities and risk solutions |  | 20,699 |  | 17,711
Asia: |  |  |  |
Universal and variable universal life |  | 50,801 |  | 49,739
Fixed annuities |  | 38,421 |  | 36,863
EMEA - Variable annuities |  | 2,337 |  | 2,720
MetLife Holdings: |  |  |  |
Annuities |  | 10,142 |  | 11,537
Life and other |  | 11,132 |  | 11,641
Other |  | 16,566 |  | 17,226
Total |  | $ | 221,445 |  | $ | 219,269
Policyholder Account Balance Rollforward | Information regarding this liability was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 7,692 |  | $ | 8,028 |  | $ | 7,893 |  |
Deposits |  | 3,720 |  | 3,311 |  | 3,361 |  |
Policy charges |  | (658) |  | (635) |  | (612) |  |
Surrenders and withdrawals |  | (3,296) |  | (3,192) |  | (2,744) |  |
Benefit payments |  | (13) |  | (12) |  | (10) |  |
Net transfers from (to) separate accounts |  | (3) |  | — |  | (2) |  |
Interest credited |  | 190 |  | 192 |  | 142 |  |
Balance at December 31, |  | $ | 7,632 |  | $ | 7,692 |  | $ | 8,028 |  |
Weighted-average annual crediting rate |  | 2.5 % |  | 2.5 % |  | 1.8 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 7,569 |  | $ | 7,630 |  | $ | 7,974 |  |
Net amount at risk, excluding offsets from reinsurance: |  |  |  |  |  |  |  |
In the event of death (1) |  | $ | 263,198 |  | $ | 250,033 |  | $ | 244,638 |  |
__________________ (1)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. Information regarding the RIS segment’s capital markets investment products and stable value GICs in PABs was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 64,140 |  | $ | 63,723 |  | $ | 62,521 |  |
Deposits |  | 73,103 |  | 69,229 |  | 81,050 |  |
Surrenders and withdrawals |  | (74,974) |  | (71,938) |  | (80,382) |  |
Interest credited |  | 2,424 |  | 2,091 |  | 1,276 |  |
Effect of foreign currency translation and other, net |  | (978) |  | 1,035 |  | (742) |  |
Balance at December 31, |  | $ | 63,715 |  | $ | 64,140 |  | $ | 63,723 |  |
Weighted-average annual crediting rate |  | 3.9 % |  | 3.3 % |  | 2.0 % |  |
Cash surrender value at period end |  | $ | 1,936 |  | $ | 2,126 |  | $ | 2,071 |  |
Information regarding this liability was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 17,711 |  | $ | 15,549 |  | $ | 14,431 |  |
Deposits |  | 3,747 |  | 2,734 |  | 1,843 |  |
Policy charges |  | (138) |  | (178) |  | (153) |  |
Surrenders and withdrawals |  | (527) |  | (210) |  | (120) |  |
Benefit payments |  | (961) |  | (812) |  | (739) |  |
Net transfers from (to) separate accounts |  | 3 |  | 53 |  | (26) |  |
Interest credited |  | 761 |  | 637 |  | 543 |  |
Other |  | 103 |  | (62) |  | (230) |  |
Balance at December 31, |  | $ | 20,699 |  | $ | 17,711 |  | $ | 15,549 |  |
Weighted-average annual crediting rate |  | 4.0 % |  | 3.9 % |  | 3.7 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 9,396 |  | $ | 7,912 |  | $ | 7,331 |  |
Net amount at risk, excluding offsets from reinsurance: |  |  |  |  |  |  |  |
In the event of death (1) |  | $ | 43,786 |  | $ | 40,397 |  | $ | 40,607 |  |
__________________ (1)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. The Asia segment’s universal and variable universal life PABs in Japan primarily include interest sensitive whole life products. Information regarding this liability was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 49,739 |  | $ | 46,417 |  | $ | 46,590 |  |
Deposits |  | 5,885 |  | 7,595 |  | 5,673 |  |
Policy charges |  | (1,046) |  | (1,210) |  | (1,103) |  |
Surrenders and withdrawals |  | (3,171) |  | (2,959) |  | (2,993) |  |
Benefit payments |  | (451) |  | (508) |  | (502) |  |
Interest credited |  | 1,517 |  | 1,408 |  | 1,066 |  |
Effect of foreign currency translation and other, net |  | (1,672) |  | (1,004) |  | (2,314) |  |
Balance at December 31, |  | $ | 50,801 |  | $ | 49,739 |  | $ | 46,417 |  |
Weighted-average annual crediting rate |  | 3.1 % |  | 3.0 % |  | 2.3 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 44,685 |  | $ | 42,577 |  | $ | 39,737 |  |
Net amount at risk, excluding offsets from reinsurance: |  |  |  |  |  |  |  |
In the event of death (1) |  | $ | 86,683 |  | $ | 93,172 |  | $ | 95,412 |  |
__________________ (1)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. Information regarding the Asia segment’s fixed annuity PAB liability in Japan was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 36,863 |  | $ | 32,454 |  | $ | 30,976 |  |
Deposits |  | 6,221 |  | 8,115 |  | 7,813 |  |
Policy charges |  | (2) |  | (2) |  | (2) |  |
Surrenders and withdrawals |  | (2,760) |  | (2,344) |  | (4,024) |  |
Benefit payments |  | (2,208) |  | (2,156) |  | (2,014) |  |
Interest credited |  | 1,070 |  | 866 |  | 623 |  |
Effect of foreign currency translation and other, net |  | (763) |  | (70) |  | (918) |  |
Balance at December 31, |  | $ | 38,421 |  | $ | 36,863 |  | $ | 32,454 |  |
Weighted-average annual crediting rate |  | 2.9 % |  | 2.5 % |  | 2.0 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 34,105 |  | $ | 31,936 |  | $ | 27,902 |  |
Net amount at risk, excluding offsets from reinsurance: |  |  |  |  |  |  |  |
In the event of death (1) |  | $ | 1 |  | $ | 73 |  | $ | 1 |  |
__________________ (1)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. Information regarding the EMEA segment’s variable annuity PABs in the U.K. was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 2,720 |  | $ | 2,802 |  | $ | 4,215 |  |
Deposits |  | 3 |  | 4 |  | 5 |  |
Policy charges |  | (57) |  | (63) |  | (73) |  |
Surrenders and withdrawals |  | (277) |  | (285) |  | (313) |  |
Benefit payments |  | (126) |  | (125) |  | (137) |  |
Interest credited (1) |  | 115 |  | 228 |  | (465) |  |
Effect of foreign currency translation and other, net |  | (41) |  | 159 |  | (430) |  |
Balance at December 31, |  | $ | 2,337 |  | $ | 2,720 |  | $ | 2,802 |  |
Weighted-average annual crediting rate |  | 4.7 % |  | 8.6 % |  | (12.4) % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 2,337 |  | $ | 2,720 |  | $ | 2,802 |  |
Net amount at risk, excluding offsets from reinsurance: |  |  |  |  |  |  |  |
In the event of death (2) |  | $ | 414 |  | $ | 456 |  | $ | 557 |  |
At annuitization or exercise of other living benefits (3) |  | $ | 532 |  | $ | 585 |  | $ | 699 |  |
__________________ (1)Interest credited on EMEA’s variable annuity products represents gains or losses which are passed through to the policyholder based on the underlying Unit-linked investment fund returns, which may be positive or negative depending on market conditions. There are no GMCR on these products. (2)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. (3)For benefits that are payable in the event of annuitization or exercise of other living benefits, the net amount at risk is generally defined as the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates or to provide other living benefits. This amount represents the Company’s potential economic exposure in the event all contractholders were to annuitize or to exercise other living benefits at the balance sheet date. Information regarding this liability was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 11,537 |  | $ | 13,286 |  | $ | 14,398 |  |
Deposits |  | 167 |  | 176 |  | 233 |  |
Policy charges |  | (13) |  | (15) |  | (16) |  |
Surrenders and withdrawals |  | (1,688) |  | (1,981) |  | (1,494) |  |
Benefit payments |  | (390) |  | (420) |  | (415) |  |
Net transfers from (to) separate accounts |  | 146 |  | 72 |  | 198 |  |
Interest credited |  | 349 |  | 396 |  | 406 |  |
Other |  | 34 |  | 23 |  | (24) |  |
Balance at December 31, |  | $ | 10,142 |  | $ | 11,537 |  | $ | 13,286 |  |
Weighted-average annual crediting rate |  | 3.3 % |  | 3.3 % |  | 3.0 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 9,555 |  | $ | 10,904 |  | $ | 12,373 |  |
Net amount at risk, excluding offsets from reinsurance (1): |  |  |  |  |  |  |  |
In the event of death (2) |  | $ | 2,540 |  | $ | 2,821 |  | $ | 4,354 |  |
At annuitization or exercise of other living benefits (3) |  | $ | 750 |  | $ | 688 |  | $ | 960 |  |
__________________ (1)Includes amounts for certain variable annuities recorded as PABs with the related guarantees recorded as MRBs which are disclosed in “MetLife Holdings – Annuities” in Note 6. (2)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. (3)For benefits that are payable in the event of annuitization or exercise of other living benefits, the net amount at risk is generally defined as the amount (if any) that would be required to be added to the total account value to purchase a lifetime income stream, based on current annuity rates or to provide other living benefits. This amount represents the Company’s potential economic exposure in the event all contractholders were to annuitize or to exercise other living benefits at the balance sheet date. Information regarding this liability was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 11,641 |  | $ | 12,402 |  | $ | 12,699 |  |
Deposits |  | 784 |  | 783 |  | 895 |  |
Policy charges |  | (690) |  | (702) |  | (718) |  |
Surrenders and withdrawals |  | (1,053) |  | (1,171) |  | (785) |  |
Benefit payments |  | (151) |  | (152) |  | (183) |  |
Net transfers from (to) separate accounts |  | 51 |  | 35 |  | 29 |  |
Interest credited |  | 421 |  | 445 |  | 460 |  |
Other |  | 129 |  | 1 |  | 5 |  |
Balance at December 31, |  | $ | 11,132 |  | $ | 11,641 |  | $ | 12,402 |  |
Weighted-average annual crediting rate |  | 3.8 % |  | 3.8 % |  | 3.7 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 10,576 |  | $ | 11,177 |  | $ | 11,882 |  |
Net amount at risk, excluding offsets from reinsurance (1): |  |  |  |  |  |  |  |
In the event of death (2) |  | $ | 64,031 |  | $ | 67,786 |  | $ | 71,548 |  |
__________________ (1)Including offsets from reinsurance, the net amount at risk at December 31, 2024, 2023 and 2022, as presented in the above table, would be reduced by 99%, 99%, and 65%, respectively. (2)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date.
Policyholder Account Balance, Guaranteed Minimum Crediting Rate | Rollforwards The following information about the direct and assumed liability for PABs includes year-to-date disaggregated rollforwards. The products grouped within these rollforwards were selected based upon common characteristics and valuations using similar inputs, judgments, assumptions and methodologies within a particular segment of the business. Policy charges presented in each disaggregated rollforward reflect a premium and/or assessment based on the account balance. Group Benefits Group Life The Group Benefits segment’s group life PABs predominantly consist of retained asset accounts, universal life products, and the fixed account of variable life insurance products. Information regarding this liability was as follows:
|  | Years Ended December 31,
|  | 2024 |  | 2023 |  | 2022 |  |
|  | (Dollars in millions)
Balance at January 1, |  | $ | 7,692 |  | $ | 8,028 |  | $ | 7,893 |  |
Deposits |  | 3,720 |  | 3,311 |  | 3,361 |  |
Policy charges |  | (658) |  | (635) |  | (612) |  |
Surrenders and withdrawals |  | (3,296) |  | (3,192) |  | (2,744) |  |
Benefit payments |  | (13) |  | (12) |  | (10) |  |
Net transfers from (to) separate accounts |  | (3) |  | — |  | (2) |  |
Interest credited |  | 190 |  | 192 |  | 142 |  |
Balance at December 31, |  | $ | 7,632 |  | $ | 7,692 |  | $ | 8,028 |  |
Weighted-average annual crediting rate |  | 2.5 % |  | 2.5 % |  | 1.8 % |  |
At period end: |  |  |  |  |  |  |  |
Cash surrender value |  | $ | 7,569 |  | $ | 7,630 |  | $ | 7,974 |  |
Net amount at risk, excluding offsets from reinsurance: |  |  |  |  |  |  |  |
In the event of death (1) |  | $ | 263,198 |  | $ | 250,033 |  | $ | 244,638 |  |
__________________ (1)For benefits that are payable in the event of death, the net amount at risk is generally defined as the current death benefit in excess of the current account balance at the balance sheet date. It represents the amount of the claim that the Company would incur if death claims were filed on all contracts at the balance sheet date. The Group Benefits segment’s group life product account values by range of guaranteed minimum crediting rates (“GMCR”) and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 456 |  | $ | 72 |  | $ | 816 |  | $ | 4,086 |  | $ | 5,430
Equal to or greater than 2% but less than 4% |  | 1,247 |  | 100 |  | 61 |  | 1 |  | 1,409
Equal to or greater than 4% |  | 682 |  | — |  | 39 |  | 37 |  | 758
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 35
Total |  | $ | 2,385 |  | $ | 172 |  | $ | 916 |  | $ | 4,124 |  | $ | 7,632
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | 86 |  | $ | 863 |  | $ | 4,558 |  | $ | 5,507
Equal to or greater than 2% but less than 4% |  | 1,196 |  | 9 |  | 62 |  | 2 |  | 1,269
Equal to or greater than 4% |  | 727 |  | 1 |  | 43 |  | 34 |  | 805
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 111
Total |  | $ | 1,923 |  | $ | 96 |  | $ | 968 |  | $ | 4,594 |  | $ | 7,692
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | 973 |  | $ | 4,471 |  | $ | 236 |  | $ | 5,680
Equal to or greater than 2% but less than 4% |  | 1,303 |  | 52 |  | 21 |  | — |  | 1,376
Equal to or greater than 4% |  | 803 |  | 1 |  | 11 |  | 30 |  | 845
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 127
Total |  | $ | 2,106 |  | $ | 1,026 |  | $ | 4,503 |  | $ | 266 |  | $ | 8,028
The RIS segment’s capital markets investment products and stable value GICs account values by range of GMCR and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,675 |  | $ | 2,675
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 61,040
Total |  | $ | — |  | $ | — |  | $ | — |  | $ | 2,675 |  | $ | 63,715
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 2,621 |  | $ | 2,622
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 61,518
Total |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 2,621 |  | $ | 64,140
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 3,553 |  | $ | 3,554
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 60,169
Total |  | $ | — |  | $ | — |  | $ | 1 |  | $ | 3,553 |  | $ | 63,723
The RIS segment’s annuity and risk solutions account values by range of GMCR and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 11 |  | $ | 2,446 |  | $ | 2,457
Equal to or greater than 2% but less than 4% |  | 195 |  | 32 |  | 456 |  | 661 |  | 1,344
Equal to or greater than 4% |  | 4,333 |  | — |  | 294 |  | 6 |  | 4,633
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 12,265
Total |  | $ | 4,528 |  | $ | 32 |  | $ | 761 |  | $ | 3,113 |  | $ | 20,699
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 20 |  | $ | 1,651 |  | $ | 1,671
Equal to or greater than 2% but less than 4% |  | 249 |  | 34 |  | 105 |  | 432 |  | 820
Equal to or greater than 4% |  | 4,346 |  | — |  | 282 |  | 5 |  | 4,633
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 10,587
Total |  | $ | 4,595 |  | $ | 34 |  | $ | 407 |  | $ | 2,088 |  | $ | 17,711
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 64 |  | $ | 1,232 |  | $ | 1,296
Equal to or greater than 2% but less than 4% |  | 301 |  | 39 |  | 124 |  | 375 |  | 839
Equal to or greater than 4% |  | 4,446 |  | 122 |  | 63 |  | 4 |  | 4,635
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 8,779
Total |  | $ | 4,747 |  | $ | 161 |  | $ | 251 |  | $ | 1,611 |  | $ | 15,549
The Asia segment’s universal and variable universal life account values by range of GMCR and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 9,789 |  | $ | 15 |  | $ | 240 |  | $ | 1,574 |  | $ | 11,618
Equal to or greater than 2% but less than 4% |  | 7,387 |  | 15,807 |  | 5,212 |  | 10,058 |  | 38,464
Equal to or greater than 4% |  | 239 |  | — |  | — |  | — |  | 239
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 480
Total |  | $ | 17,415 |  | $ | 15,822 |  | $ | 5,452 |  | $ | 11,632 |  | $ | 50,801
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 10,640 |  | $ | 24 |  | $ | 231 |  | $ | 1,001 |  | $ | 11,896
Equal to or greater than 2% but less than 4% |  | 5,932 |  | 15,634 |  | 7,801 |  | 7,669 |  | 37,036
Equal to or greater than 4% |  | 250 |  | — |  | — |  | — |  | 250
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 557
Total |  | $ | 16,822 |  | $ | 15,658 |  | $ | 8,032 |  | $ | 8,670 |  | $ | 49,739
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 10,965 |  | $ | 76 |  | $ | 138 |  | $ | 75 |  | $ | 11,254
Equal to or greater than 2% but less than 4% |  | 21,184 |  | 2,847 |  | 5,583 |  | 4,846 |  | 34,460
Equal to or greater than 4% |  | 265 |  | — |  | — |  | — |  | 265
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 438
Total |  | $ | 32,414 |  | $ | 2,923 |  | $ | 5,721 |  | $ | 4,921 |  | $ | 46,417
The Asia segment’s fixed annuity account values by range of GMCR and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 328 |  | $ | 534 |  | $ | 4,808 |  | $ | 31,572 |  | $ | 37,242
Equal to or greater than 2% but less than 4% |  | — |  | 4 |  | — |  | — |  | 4
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 1,175
Total |  | $ | 328 |  | $ | 538 |  | $ | 4,808 |  | $ | 31,572 |  | $ | 38,421
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 322 |  | $ | 584 |  | $ | 6,274 |  | $ | 28,343 |  | $ | 35,523
Equal to or greater than 2% but less than 4% |  | — |  | 5 |  | — |  | — |  | 5
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 1,335
Total |  | $ | 322 |  | $ | 589 |  | $ | 6,274 |  | $ | 28,343 |  | $ | 36,863
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 438 |  | $ | 664 |  | $ | 7,160 |  | $ | 22,755 |  | $ | 31,017
Equal to or greater than 2% but less than 4% |  | — |  | 6 |  | — |  | — |  | 6
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 1,431
Total |  | $ | 438 |  | $ | 670 |  | $ | 7,160 |  | $ | 22,755 |  | $ | 32,454
The MetLife Holdings segment’s annuity account values by range of GMCR and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 2 |  | $ | 140 |  | $ | 441 |  | $ | 75 |  | $ | 658
Equal to or greater than 2% but less than 4% |  | 1,639 |  | 5,675 |  | 525 |  | 107 |  | 7,946
Equal to or greater than 4% |  | 728 |  | 399 |  | 12 |  | — |  | 1,139
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 399
Total |  | $ | 2,369 |  | $ | 6,214 |  | $ | 978 |  | $ | 182 |  | $ | 10,142
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 36 |  | $ | 307 |  | $ | 378 |  | $ | 252 |  | $ | 973
Equal to or greater than 2% but less than 4% |  | 1,033 |  | 7,205 |  | 459 |  | 202 |  | 8,899
Equal to or greater than 4% |  | 788 |  | 411 |  | 32 |  | — |  | 1,231
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 434
Total |  | $ | 1,857 |  | $ | 7,923 |  | $ | 869 |  | $ | 454 |  | $ | 11,537
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | 934 |  | $ | 4 |  | $ | 8 |  | $ | 16 |  | $ | 962
Equal to or greater than 2% but less than 4% |  | 9,388 |  | 892 |  | 191 |  | 12 |  | 10,483
Equal to or greater than 4% |  | 1,261 |  | 43 |  | 5 |  | — |  | 1,309
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 532
Total |  | $ | 11,583 |  | $ | 939 |  | $ | 204 |  | $ | 28 |  | $ | 13,286
The MetLife Holdings segment’s life and other products account values by range of GMCR and the related range of differences between rates being credited to policyholders and the respective guaranteed minimums were as follows at:
Range of GMCR |  | At GMCR |  | Greater than 0% but less than 0.50% above GMCR |  | Equal to or greater than 0.50% but less than 1.50% above GMCR |  | Equal to or greater than 1.50% above GMCR |  | Total Account Value
|  | (In millions)
December 31, 2024 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 14 |  | $ | 50 |  | $ | 64
Equal to or greater than 2% but less than 4% |  | 4,062 |  | 175 |  | 260 |  | 531 |  | 5,028
Equal to or greater than 4% |  | 4,860 |  | 122 |  | 403 |  | 22 |  | 5,407
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 633
Total |  | $ | 8,922 |  | $ | 297 |  | $ | 677 |  | $ | 603 |  | $ | 11,132
December 31, 2023 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | — |  | $ | 16 |  | $ | 55 |  | $ | 71
Equal to or greater than 2% but less than 4% |  | 4,453 |  | 171 |  | 280 |  | 549 |  | 5,453
Equal to or greater than 4% |  | 5,066 |  | 124 |  | 413 |  | 13 |  | 5,616
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 501
Total |  | $ | 9,519 |  | $ | 295 |  | $ | 709 |  | $ | 617 |  | $ | 11,641
December 31, 2022 |  |  |  |  |  |  |  |  |  |
Equal to or greater than 0% but less than 2% |  | $ | — |  | $ | 20 |  | $ | 50 |  | $ | 5 |  | $ | 75
Equal to or greater than 2% but less than 4% |  | 5,025 |  | 144 |  | 441 |  | 410 |  | 6,020
Equal to or greater than 4% |  | 5,253 |  | 128 |  | 420 |  | 5 |  | 5,806
Products with either a fixed rate or no GMCR |  | N/A |  | N/A |  | N/A |  | N/A |  | 501
Total |  | $ | 10,278 |  | $ | 292 |  | $ | 911 |  | $ | 420 |  | $ | 12,402

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- Definition Tabular disclosure of policyholder account balance by range of guaranteed minimum crediting rate and related range of difference between rate being credited to policyholder and respective guaranteed minimum. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 55 -Paragraph 29F -Publisher FASB -URI https://asc.fasb.org/1943274/2147480046/944-40-55-29F Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 7A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480081/944-40-50-7A + Details
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