v3.26.1
Equity (Tables)
 6 Months Ended
Jun. 30, 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 
 June 30, 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$(7,035)$184 $1,531 $(14)$(83)$(147)$(5,564)
OCI before reclassifications661 (198)(918)(30)(7)— (492)
Deferred income tax benefit (expense)(89)42 115 7 2 — 77 
AOCI before reclassifications, net of income tax(6,463)28 728 (37)(88)(147)(5,979)
Amounts reclassified from AOCI121 58 — — — 2 181 
Deferred income tax benefit (expense)(26)(12)— — — — (38)
Amounts reclassified from AOCI, net of income tax95 46 — — — 2 143 
Balance, end of period$(6,368)$74 $728 $(37)$(88)$(145)$(5,836)
Three Months 
 Ended 
 June 30, 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, beginning of period$(7,014)$813 $549 $(4)$(154)$(132)$(5,942)
OCI before reclassifications1,468 (137)(438)(30)25 — 888 
Deferred income tax benefit (expense)(258)29 23 6 (5)— (205)
AOCI before reclassifications, net of income tax(5,804)705 134 (28)(134)(132)(5,259)
Amounts reclassified from AOCI66 (1,086)— — — 2 (1,018)
Deferred income tax benefit (expense)(14)228 — — — (1)213 
Amounts reclassified from AOCI, net of income tax52 (858)— — — 1 (805)
Balance, end of period$(5,752)$(153)$134 $(28)$(134)$(131)$(6,064)
Six Months
Ended
June 30, 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(1,734)(25)500 17 (16)1 (1,257)
Deferred income tax benefit (expense)405 5 (155)(3)4 — 256 
AOCI before reclassifications, net of income tax(6,555)(136)728 (37)(88)(149)(6,237)
Amounts reclassified from AOCI237 266 — — — 5 508 
Deferred income tax benefit (expense)(50)(56)— — — (1)(107)
Amounts reclassified from AOCI, net of income tax187 210 — — — 4 401 
Balance, end of period$(6,368)$74 $728 $(37)$(88)$(145)$(5,836)
Six Months
Ended
June 30, 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 reclassifications3,333 47 (795)3 (30)(1)2,557 
Deferred income tax benefit (expense)(689)(10)101 (1)7 — (592)
AOCI before reclassifications, net of income tax(5,937)996 134 (28)(134)(134)(5,103)
Amounts reclassified from AOCI234 (1,455)— — — 4 (1,217)
Deferred income tax benefit (expense)(49)306 — — — (1)256 
Amounts reclassified from AOCI, net of income tax185 (1,149)— — — 3 (961)
Balance, end of period$(5,752)$(153)$134 $(28)$(134)$(131)$(6,064)
__________________
(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
June 30,		Six Months
Ended
June 30,
2026202520262025
AOCI ComponentsAmounts Reclassified from AOCIConsolidated Statements of
Operations and
Comprehensive Income (Loss)
Locations
(In millions)
Unrealized investment gains (losses):
Unrealized investment gains (losses)
$(122)$(65)$(244)$(227)Net investment gains (losses)
Unrealized investment gains (losses)
— (1)— (1)Net investment income
Unrealized investment gains (losses)
1 — 7 (6)Net derivative gains (losses)
Unrealized investment gains (losses), before income tax
(121)(66)(237)(234)
Income tax (expense) benefit
26 14 50 49 
Unrealized investment gains (losses), net of income tax
(95)(52)(187)(185)
Deferred gains (losses) on derivatives - cash flow hedges:
Interest rate derivatives
1 6 2 26 Net investment income
Interest rate derivatives
(11)9 (10)9 Net investment gains (losses)
Foreign currency exchange rate derivatives
1 1 2 2 Net investment income
Foreign currency exchange rate derivatives
(49)1,070 (260)1,418 Net investment gains (losses)
Gains (losses) on cash flow hedges, before income tax
(58)1,086 (266)1,455 
Income tax (expense) benefit
12 (228)56 (306)
Gains (losses) on cash flow hedges, net of income tax
(46)858 (210)1,149 
Defined benefit plans adjustment: (1)
Amortization of net actuarial gains (losses)
(3)(3)(6)(5)
Amortization of prior service (costs) credit
1 1 1 1 
Amortization of defined benefit plan items, before income tax
(2)(2)(5)(4)
Income tax (expense) benefit
— 1 1 1 
Amortization of defined benefit plan items, net of income tax
(2)(1)(4)(3)
Total reclassifications, net of income tax
$(143)$805 $(401)$961 
__________________
(1)These AOCI components are included in the computation of net periodic benefit costs.