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Acquisition and Dispositions | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
Disposition | 3. Acquisitions and Dispositions Acquisition Pending Acquisition of PineBridge Investments In December 2024, the Company entered into a definitive agreement to acquire PineBridge Investments (“PineBridge”), a global asset manager, which upon close of the transaction will be part of MetLife Investment Management, the institutional investment management business of MetLife, Inc. The acquisition excludes PineBridge’s private equity funds group business and its joint venture in China. The transaction is comprised of $800 million in cash at closing, $200 million subject to achieving certain 2025 financial metrics and $200 million subject to a multi-year earnout. This transaction is expected to close in 2025, subject to customary closing conditions, including regulatory approvals. Dispositions MetLife Malaysia In October 2023, the Company entered into an agreement to sell its ownership interests in AmMetLife Insurance Berhad (Malaysia) and AmMetLife Takaful Berhad (Malaysia) (collectively, “MetLife Malaysia”). MetLife Malaysia’s results are reported in the Asia segment. In February 2025, the Company and the acquirer mutually agreed to not proceed with the proposed transaction. MetLife Poland and Greece In January 2022 and April 2022, the Company completed the sales of its wholly-owned subsidiaries in Greece and Poland (collectively, “MetLife Poland and Greece”), respectively, to NN Group N.V. for $738 million in total consideration, including a pre-closing dividend of $43 million. In connection with the sales, a loss of $25 million, net of income tax, was recorded for the year ended December 31, 2022, which was reflected in net investment gains (losses) and resulted in a total loss on the sales of $239 million, net of income tax. See Note 2 for information on accounting for divested business. MetLife Poland and Greece income (loss) before provision for income tax as reflected in the consolidated statement of operations was $19 million for the year ended December 31, 2022

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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 805 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/805/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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