v3.26.1
Equity (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Components of Accumulated Other Comprehensive Income (Loss)
Information regarding changes in the balances of each component of AOCI attributable to Metropolitan Life Insurance Company was as follows:
Three Months
Ended
March 31, 2026
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
Deferred
Gains (Losses)
on Derivatives
FPBs Discount Rate Remeasurement Gains (Losses)
MRBs Instrument-Specific Credit Risk Remeasurement Gains (Losses)
Foreign
Currency
Translation
Adjustments
Defined
Benefit
Plans
Adjustment
Total
(In millions)
Balance, beginning of period
$(5,226)$(116)$383 $(51)$(76)$(150)$(5,236)
OCI before reclassifications(2,395)173 1,418 47 (9)(765)
Deferred income tax benefit (expense)494 (37)(270)(10)— 179 
AOCI before reclassifications, net of income tax(7,127)20 1,531 (14)(83)(149)(5,822)
Amounts reclassified from AOCI116 208 — — — 327 
Deferred income tax benefit (expense)(24)(44)— — — (1)(69)
Amounts reclassified from AOCI, net of income tax92 164 — — — 258 
Balance, end of period$(7,035)$184 $1,531 $(14)$(83)$(147)$(5,564)
Three Months
Ended
March 31, 2025
Unrealized
Investment Gains
(Losses), Net of
Related Offsets (1)
Deferred
Gains (Losses)
on Derivatives
FPBs Discount Rate Remeasurement Gains (Losses)
MRBs Instrument-Specific Credit Risk Remeasurement Gains (Losses)
Foreign
Currency
Translation
Adjustments
Defined
Benefit
Plans
Adjustment
Total
(In millions)
Balance at December 31, 2024
$(8,651)$959 $1,972 $(30)$(111)$(133)$(5,994)
Cumulative effects of change in accounting principles for equity method investee at January 1, 202570 — (1,144)— — — (1,074)
OCI before reclassifications1,865 184 (357)33 (55)(1)1,669 
Deferred income tax benefit (expense)(431)(39)78 (7)12 — (387)
AOCI before reclassifications, net of income tax(7,147)1,104 549 (4)(154)(134)(5,786)
Amounts reclassified from AOCI168 (369)— — — (199)
Deferred income tax benefit (expense)(35)78 — — — — 43 
Amounts reclassified from AOCI, net of income tax133 (291)— — — (156)
Balance, end of period$(7,014)$813 $549 $(4)$(154)$(132)$(5,942)
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(1)Primarily unrealized gains (losses) on fixed maturity securities.
Reclassification out of Accumulated Other Comprehensive Income (Loss)
Information regarding amounts reclassified out of each component of AOCI was as follows:
Three Months
Ended
March 31,
20262025
AOCI Components
Amounts Reclassified from AOCI
Consolidated Statements of
Operations and
Comprehensive Income (Loss)
Locations
(In millions)
Unrealized investment gains (losses):
Unrealized investment gains (losses)
$(122)$(162)Net investment gains (losses)
Unrealized investment gains (losses)
(6)Net derivative gains (losses)
Unrealized investment gains (losses), before income tax
(116)(168)
Income tax (expense) benefit
24 35 
Unrealized investment gains (losses), net of income tax
(92)(133)
Deferred gains (losses) on derivatives - cash flow hedges:
Interest rate derivatives
20 Net investment income
Interest rate derivatives
— Net investment gains (losses)
Foreign currency exchange rate derivatives
Net investment income
Foreign currency exchange rate derivatives
(211)348 Net investment gains (losses)
Gains (losses) on cash flow hedges, before income tax
(208)369 
Income tax (expense) benefit
44 (78)
Gains (losses) on cash flow hedges, net of income tax
(164)291 
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)
(3)(2)
Amortization of prior service (costs) credit
— — 
Amortization of defined benefit plan items, before income tax
(3)(2)
Income tax (expense) benefit
— 
Amortization of defined benefit plan items, net of income tax
(2)(2)
Total reclassifications, net of income tax
$(258)$156 
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(1)These AOCI components are included in the computation of net periodic benefit costs.