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Deferred Policy Acquisition Costs, Value of Business Acquired and Unearned Revenue | 6 Months Ended
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Jun. 30, 2025
Deferred Policy Acquisition Costs and Present Value of Future Insurance Profits, Net [Abstract] |
Intangible Assets and Liabilities and Unearned Revenue, excluding Goodwill [Text Block] | 8. Deferred Policy Acquisition Costs, Value of Business Acquired and Unearned Revenue DAC and VOBA Information regarding total DAC and VOBA by segment, as well as Corporate & Other, was as follows at:
| Group Benefits |  | RIS |  | Asia (1) |  | Latin America (2) |  | EMEA (2) |  | MetLife Holdings (3) |  | Corporate & Other |  | Total |
| (In millions) |
DAC: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2025 | $ | 250 |  |  | $ | 552 |  |  | $ | 10,785 |  |  | $ | 1,836 |  |  | $ | 1,664 |  |  | $ | 3,063 |  |  | $ | 28 |  |  | $ | 18,178 |  |
Capitalizations | 12 |  |  | 81 |  |  | 769 |  |  | 348 |  |  | 262 |  |  | 7 |  |  | 6 |  |  | 1,485 |  |
Amortization | (13) |  |  | (34) |  |  | (417) |  |  | (247) |  |  | (178) |  |  | (107) |  |  | (4) |  |  | (1,000) |  |
Effect of foreign currency translation and other, net | — |  |  | — |  |  | 499 |  |  | 177 |  |  | 145 |  |  | — |  |  | 3 |  |  | 824 |  |
Balance at June 30, 2025 | $ | 249 |  |  | $ | 599 |  |  | $ | 11,636 |  |  | $ | 2,114 |  |  | $ | 1,893 |  |  | $ | 2,963 |  |  | $ | 33 |  |  | $ | 19,487 |  |
Balance at January 1, 2024 | $ | 258 |  |  | $ | 397 |  |  | $ | 10,864 |  |  | $ | 1,950 |  |  | $ | 1,618 |  |  | $ | 3,271 |  |  | $ | 30 |  |  | $ | 18,388 |  |
Capitalizations | 9 |  |  | 107 |  |  | 696 |  |  | 353 |  | 243 |  |  | 9 |  |  | 6 |  |  | 1,423 |  |
Amortization | (13) |  |  | (30) |  |  | (379) |  |  | (232) |  |  | (166) |  |  | (114) |  |  | (3) |  |  | (937) |  |
Effect of foreign currency translation and other, net | — |  |  | — |  |  | (618) |  |  | (156) |  |  | (49) |  |  | — |  |  | (1) |  |  | (824) |  |
Balance at June 30, 2024 | $ | 254 |  |  | $ | 474 |  |  | $ | 10,563 |  |  | $ | 1,915 |  |  | $ | 1,646 |  |  | $ | 3,166 |  |  | $ | 32 |  |  | $ | 18,050 |  |
VOBA: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at January 1, 2025 | $ | — |  |  | $ | 13 |  |  | $ | 935 |  |  | $ | 393 |  |  | $ | 94 |  |  | $ | 14 |  |  | $ | — |  |  | $ | 1,449 |  |
Amortization | — |  |  | (1) |  |  | (33) |  |  | (19) |  |  | (6) |  |  | (1) |  |  | — |  |  | (60) |  |
Effect of foreign currency translation and other, net | — |  |  | — |  |  | 81 |  |  | 27 |  |  | 9 |  |  | — |  |  | — |  |  | 117 |  |
Balance at June 30, 2025 | $ | — |  |  | $ | 12 |  |  | $ | 983 |  |  | $ | 401 |  |  | $ | 97 |  |  | $ | 13 |  |  | $ | — |  |  | $ | 1,506 |  |
Balance at January 1, 2024 | $ | — |  |  | $ | 16 |  |  | $ | 1,119 |  |  | $ | 497 |  |  | $ | 113 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 1,763 |  |
Amortization | — |  |  | (1) |  |  | (38) |  |  | (22) |  |  | (7) |  |  | (2) |  |  | — |  |  | (70) |  |
Effect of foreign currency translation and other, net | — |  |  | — |  |  | (136) |  |  | (36) |  |  | (3) |  |  | — |  |  | — |  |  | (175) |  |
Balance at June 30, 2024 | $ | — |  |  | $ | 15 |  |  | $ | 945 |  |  | $ | 439 |  |  | $ | 103 |  |  | $ | 16 |  |  | $ | — |  |  | $ | 1,518 |  |
Total DAC and VOBA: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance at June 30, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 20,993 |  |
Balance at June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 19,568 |  |
Balance at December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 19,627 |  |
__________________ (1)Includes DAC balances primarily related to accident & health, universal and variable universal life, variable life and fixed annuity products and VOBA balances primarily related to accident & health products. (2)Includes DAC balances primarily related to universal life, variable universal life, ordinary life and accident & health products. (3)Includes DAC balances primarily related to whole life, variable annuities, term life, universal life, variable universal life and long-term care products. Unearned Revenue Information regarding the Company’s unearned revenue primarily related to universal life and variable universal life products by segment included in other policy-related balances was as follows:
|  | Six Months Ended June 30, 2025
|  | RIS |  | Asia |  | Latin America |  | EMEA |  | MetLife Holdings |  | Total
|  | (In millions)
Balance, beginning of period |  | $ | 27 |  |  | $ | 3,076 |  |  | $ | 841 |  |  | $ | 622 |  |  | $ | 69 |  |  | $ | 4,635 |
Deferrals |  | 1 |  |  | 229 |  |  | 68 |  |  | 59 |  |  | 6 |  |  | 363 |
Amortization |  | (3) |  |  | (124) |  |  | (55) |  |  | (37) |  |  | (3) |  |  | (222) |
Effect of foreign currency translation and other, net |  | — |  |  | 52 |  |  | 81 |  |  | 39 |  |  | — |  |  | 172 |
Balance, end of period |  | $ | 25 |  |  | $ | 3,233 |  |  | $ | 935 |  |  | $ | 683 |  |  | $ | 72 |  |  | $ | 4,948 |
|  | Six Months Ended June 30, 2024
|  | RIS |  | Asia |  | Latin America |  | EMEA |  | MetLife Holdings |  | Total
|  | (In millions)
Balance, beginning of period |  | $ | 31 |  |  | $ | 2,850 |  |  | $ | 989 |  |  | $ | 608 |  |  | $ | 59 |  |  | $ | 4,537 |
Deferrals |  | 1 |  |  | 285 |  |  | 75 |  |  | 49 |  |  | 8 |  |  | 418 |
Amortization |  | (3) |  |  | (107) |  |  | (60) |  |  | (34) |  |  | (2) |  |  | (206) |
Effect of foreign currency translation and other, net |  | — |  |  | (50) |  |  | (74) |  |  | (11) |  |  | — |  |  | (135) |
Balance, end of period |  | $ | 29 |  |  | $ | 2,978 |  |  | $ | 930 |  |  | $ | 612 |  |  | $ | 65 |  |  | $ | 4,614 |

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- Definition The entire disclosure for cost related directly to successful acquisition of new and renewal of insurance contract. Includes, but is not limited to, deferred policy acquisition cost, deferred sale inducement cost, and present value of future profit of insurance contract acquired in business combination. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section S50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479797/944-20-S50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 20 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479735/944-20-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2A Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/944-30/tableOfContent + Details
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