METLIFE INC
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 21, 2025
MET$101.67+3.5%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Glossary
Throughout this Form 10-K, the Company uses certain abbreviations, acronyms and terms which are further detailed below.
| A.M. Best | A.M. Best Company, Inc. | CSRD | Corporate Sustainability Reporting Directive |
|---|---|---|---|
| ABO | Accumulated Benefit Obligations | Cybersecurity Model Law | NAIC’s Insurance Data Security Model Law |
| ABS & CLO | Asset-Backed Securities and Collateralized Loan Obligations | DAC | Deferred Policy Acquisition Costs |
| ACL | Allowance For Credit Loss | Deferred Shares | Awards that have become payable in shares but the issuance of which has been deferred |
| AD&D | Accidental Death and Dismemberment | Delaware Commissioner | Delaware Commissioner of Insurance |
| AFS | Available-For-Sale | Dodd-Frank | Dodd-Frank Wall Street Reform and Consumer Protection Act |
| AI | Artificial Intelligence | DOL | Department of Labor |
| ALM | Asset/Liability Management | DPL | Deferred Profit Liability |
| Alt-A | Alternative Residential Mortgage Loans | DSCR | Debt Service Coverage Ratios |
| American Life | American Life Insurance Company | EEA | European Economic Area |
| AOCI | Accumulated Other Comprehensive Income | EMEA | Europe, the Middle East And Africa |
| APBO | Accumulated Postretirement Benefit Obligation | ERC | Enterprise Risk Committee |
| ASO | Administrative Services-Only | ERISA | Employee Retirement Income Security Act of 1974 |
| ASU | Accounting Standards Update | ERM | Enterprise Risk Management |
| Authorized Control Level RBC | Authorized Control Level RBC, calculated in the manner prescribed by the NAIC | ESG | Environmental, Social and Governance |
| Brighthouse | Brighthouse Financial, Inc. and its Subsidiaries | EU | European Union |
| CBIRC | The China Banking and Insurance Regulatory Commission | EU AI Act | European Union’s Artificial Intelligence Act |
| CCPA | California Consumer Privacy Act | Exchange Act | Securities Exchange Act of 1934 |
| CEO | Chief Executive Officer | Farmer Mac | Federal Agricultural Mortgage Corporation |
| CFO | Chief Financial Officer | FASB | Financial Accounting Standards Board |
| CFPB | Consumer Financial Protection Bureau | FCTA | Foreign Currency Translation Adjustments |
| CFTC | Commodity Futures Trading Commission | FDIC | Federal Deposit Insurance Corporation |
| Chariot Re | Chariot Reinsurance, Ltd. | Federal Reserve | Federal Reserve Board & Federal Reserve Bank of New York |
| CISO | Chief Information Security Officer | Federal Reserve Board | Board of Governors of the Federal Reserve System |
| CLOs | Collateralized Loan Obligations | FHLBNY | Federal Home Loan Bank of New York |
| CMBS | Commercial Mortgage-Backed Securities | FINRA | Financial Industry Regulatory Authority |
| CODM | Chief Operating Decision Maker | FIO | Federal Insurance Office |
| Committed Facilities | Credit Facility, as well as certain committed facilities | Fitch | Fitch Ratings Inc. |
| Company Action Level RBC | Minimum level of TAC before corrective action commences is twice authorized control level RBC | FPB | Future Policy Benefits |
| Credit Facility | Unsecured revolving credit facility | FSA | Financial Services Agency |
| CRO | Chief Risk Officer | FSB | Financial Stability Board |
| C-ROSS | China Risk Oriented Solvency System | FSOC | Financial Stability Oversight Council |
| FVO | Fair Value Option | Moody’s | Moody’s Investors Service, Inc. |
|---|---|---|---|
| GAAP | Accounting principles generally accepted in the United States of America | MoRe | Missouri Reinsurance, Inc. |
| GCC | Group Capital Calculation | MrB | MetLife Reinsurance Company of Bermuda, Ltd. |
| GDPR | General Data Protection Regulation | MRBs | Market Risk Benefits |
| General Atlantic | General Atlantic, L.P. | MRC | MetLife Reinsurance Company of Charleston |
| GHG | Greenhouse Gas | MrH | MetLife Reinsurance Company of Hamilton, Ltd. |
| GICs | Guaranteed Interest Contracts | MRV | MetLife Reinsurance Company of Vermont |
| GILTI | Global Intangible Low-Taxed Income | MSS | MetLife Services and Solutions, LLC |
| Global Atlantic | Global Atlantic Financial Group | MTL | Metropolitan Tower Life Insurance Company |
| GMABs | Guaranteed Minimum Accumulation Benefits | NAIC | National Association of Insurance Commissioners |
| GMCRs | Guaranteed Minimum Crediting Rates | NAV | Net Asset Value |
| GMDBs | Guaranteed Minimum Death Benefits | Nebraska Director | Director of the Nebraska Department of Insurance |
| GMIBs | Guaranteed Minimum Income Benefits | NFRA | National Financial Regulatory Administration |
| GMWBs | Guaranteed Minimum Withdrawal Benefits | NGEs | Non-Guaranteed Elements |
| GMXBs | Guaranteed Minimum Benefits | NIFO | Net investment in a foreign operation |
| IAIGs | Internationally Active Insurance Groups | Non-Bank SIFI | Non-Bank Systemically Important Financial Institution |
| IAIS | International Association of Insurance Supervisors | NPR | Net Premium Ratio |
| IBNP | Incurred But Not Paid | NQM | Non-Qualified Residential Mortgage |
| IBNR | Incurred But Not Reported | NRSRO | Nationally Recognized Statistical Rating Organizations |
| IMR | Interest Maintenance Reserve | NYDFS | New York State Department of Financial Services |
| Invested Plans | Assets of the qualified pension plans and postretirement medical plans | OCI | Other Comprehensive Income (Loss) |
| IRS | Internal Revenue Service | OLPI | Other Limited Partnership Interests |
| LDTI | Long-Duration Targeted Improvements | ORSA | Own Risk and Solvency Assessment |
| LDTI Transition Date | January 1, 2021 | OTC | Over-the-Counter |
| LIBOR | London Interbank Offered Rate | OTC-bilateral | Bilateral contracts between two counterparties |
| LTV | Loan-To-Value | OTC-cleared | OTC derivatives are cleared and settled through central clearing counterparties |
| MetLife Malaysia | AmMetLife Insurance Berhad (Malaysia) and AmMetLife Takaful Berhad (Malaysia) | PABs | Policyholder Account Balances |
| MetLife Poland and Greece | Wholly-owned subsidiaries in Poland and Greece | PBO | Projected Benefit Obligation |
| MIM | MetLife Investment Management, LLC and certain of its affiliates | PCAOB | Public Company Accounting Oversight Board |
| MLIC | Metropolitan Life Insurance Company | Phantom Stock-Based Awards | Cash-settled awards based in whole or in part on the price of shares or changes in the price of shares |
| PineBridge | PineBridge Investments | SSG | Structured Securities Group |
|---|---|---|---|
| PNB MetLife | PNB MetLife India Insurance Company Limited | Statement-Based Combined RBC Ratio | Internally defined Combined RBC Ratio |
| PTE | Prohibited Transaction Exemption | Statutory Codification | Codification of Statutory Accounting Principles |
| RBC | Risk-Based Capital | Structured Products | RMBS, ABS & CLO and CMBS |
| RCC | Replacement Capital Covenant | Superintendent | New York Superintendent of Financial Services |
| REJV | Real Estate Joint Ventures | TAC | Total Adjusted Capital, calculated in the manner prescribed by the NAIC |
| RIS | Retirement and Income Solutions | TRRs | Total Rate of Return Swaps |
| RMBS | Residential Mortgage-Backed Securities | U.K. | United Kingdom |
| ROU | Right-of-Use | U.S. | United States of America |
| S&P | Standard & Poor’s Global Ratings | ULSG | Universal and Variable Life Policies with Secondary Guarantees |
| SCL | Special Considerations Letter | Unit-linked and FVO Securities | Contractholder-directed equity securities and Fair Value Option securities |
| SEC | Securities and Exchange Commission | Unit-linked investments | Contractholder-directed investments supporting unit-linked variable annuity type liabilities |
| Separation | Distribution of shares of Brighthouse Financial, Inc. common stock to the MetLife, Inc. common shareholders | UREV | Unearned Revenue |
| Series A preferred stock | Non-Cumulative Preferred Stock, Series A | VIEs | Variable Interest Entities |
| Series D preferred stock | 5.875% Fixed-To-Floating Rate Non-Cumulative Preferred Stock, Series D | VOBA | Value of Business Acquired |
| Series E preferred stock | 5.625% Non-Cumulative Preferred Stock, Series E | VOCRA | Value of Customer Relationships Acquired |
| Series F preferred stock | 4.75% Non-Cumulative Preferred Stock, Series F | VODA | Value of Distribution Agreements |
| SOFR | Secured Overnight Financing Rate | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.