METLIFE INC
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
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Schedule III — Consolidated Supplementary Insurance Information
Schedule III
Consolidated Supplementary Insurance Information
| Segment | DACandVOBA | Future Policy Benefits,Other Policy-RelatedBalances andPolicyholder DividendObligation | PolicyholderAccountBalances | Market Risk Benefits (Assets) Liabilities (1) | PolicyholderDividendsPayable | Unearned Premiums (2), (3) | UnearnedRevenue (2) |
|---|---|---|---|---|---|---|---|
| Group Benefits (4) | $258 | $17,863 | $7,692 | $— | $— | $446 | $— |
| RIS (4) | 413 | 71,223 | 82,405 | (13) | — | 7 | 31 |
| Asia | 11,983 | 35,683 | 92,063 | 234 | 75 | 1,532 | 2,850 |
| Latin America | 2,447 | 14,636 | 6,368 | — | — | 2 | 989 |
| EMEA | 1,731 | 3,463 | 7,578 | (53) | — | 18 | 608 |
| MetLife Holdings | 3,289 | 72,410 | 23,178 | 2,722 | 311 | 155 | 59 |
| Corporate & Other | 30 | 864 | (15) | 3 | — | — | — |
| Total | $20,151 | $216,142 | $219,269 | $2,893 | $386 | $2,160 | $4,537 |
| Group Benefits (4) | $264 | $16,971 | $8,028 | $— | $— | $349 | $— |
| RIS (4) | 286 | 64,376 | 80,066 | 8 | — | 3 | 36 |
| Asia | 11,560 | 34,642 | 84,165 | 284 | 72 | 1,889 | 2,382 |
| Latin America | 2,087 | 13,426 | 5,383 | — | — | 2 | 848 |
| EMEA | 1,607 | 3,269 | 7,289 | (37) | — | 14 | 559 |
| MetLife Holdings | 3,819 | 71,914 | 25,688 | 3,225 | 315 | 158 | 281 |
| Corporate & Other | 30 | 1,048 | (22) | 3 | — | — | — |
| Total | $19,653 | $205,646 | $210,597 | $3,483 | $387 | $2,415 | $4,106 |
(1)MRBs assets and liabilities are presented net.
(2)Amounts are included within the future policy benefits, other policy-related balances and policyholder dividend obligation column.
(3)Includes premiums received in advance.
(4)See Note 2 for information on the reorganization of the Company’s segments.
Schedule III
Consolidated Supplementary Insurance Information — (continued)
| Segment | Premiums andUniversal Lifeand Investment-TypeProduct Policy Fees | NetInvestmentIncome | Policyholder Benefits andClaims, Policyholder Liability Remeasurement (Gains) Losses and Interest Credited to Policyholder Account Balances | Market Risk Benefit Remeasurement (Gains) Losses | Amortization ofDAC andVOBACharged toOtherExpenses | OtherExpenses (1) |
|---|---|---|---|---|---|---|
| Group Benefits (2) | $22,436 | $1,148 | $19,329 | $— | $26 | $3,778 |
| RIS (2) | 8,561 | 7,354 | 14,057 | (29) | 49 | 403 |
| Asia | 6,883 | 4,307 | 6,941 | (43) | 794 | 1,562 |
| Latin America | 5,685 | 1,610 | 4,801 | — | 468 | 1,263 |
| EMEA | 2,314 | 885 | 1,737 | (40) | 348 | 807 |
| MetLife Holdings | 3,513 | 4,234 | 5,517 | (882) | 258 | 1,527 |
| Corporate & Other | 43 | 370 | 23 | — | 9 | 2,040 |
| Total | $49,435 | $19,908 | $52,405 | $(994) | $1,952 | $11,380 |
| Group Benefits (2) | $21,906 | $1,081 | $19,226 | $— | $26 | $3,460 |
| RIS (2) | 13,923 | 5,899 | 18,124 | (314) | 40 | 380 |
| Asia | 7,256 | 3,571 | 6,199 | (90) | 745 | 1,601 |
| Latin America | 4,399 | 1,318 | 4,092 | — | 410 | 1,032 |
| EMEA | 2,298 | (864) | 30 | (126) | 331 | 778 |
| MetLife Holdings | 3,968 | 4,633 | 5,849 | (3,144) | 270 | 1,632 |
| Corporate & Other | (15) | 278 | (5) | — | 9 | 1,851 |
| Total | $53,735 | $15,916 | $53,515 | $(3,674) | $1,831 | $10,734 |
| Group Benefits (2) | $21,304 | $1,102 | $19,929 | $— | $26 | $3,158 |
| RIS (2) | 5,334 | 6,606 | 8,928 | 96 | 37 | 368 |
| Asia | 8,047 | 5,110 | 7,386 | (48) | 786 | 1,758 |
| Latin America | 3,749 | 1,207 | 3,475 | — | 372 | 978 |
| EMEA | 2,803 | 932 | 2,085 | (120) | 389 | 900 |
| MetLife Holdings | 4,256 | 6,093 | 6,097 | (1,161) | 320 | 1,845 |
| Corporate & Other (3) | 903 | 345 | 617 | (4) | 107 | 1,854 |
| Total | $46,396 | $21,395 | $48,517 | $(1,237) | $2,037 | $10,861 |
(1)Includes other expenses and policyholder dividends, excluding amortization of DAC and VOBA charged to other expenses.
(2)See Note 2 for information on the reorganization of the Company’s segments.
(3)Includes activity related to MetLife P&C, a former subsidiary of the Company, that was previously reported in the former U.S. segment. See Notes 2 and 3.
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