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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $350,821 and $332,964, respectively; includes $3,548 and $4,277, respectively, relating to variable interest entities) $ 387,508 $ 351,402
Equity securities available-for-sale, at estimated fair value (cost: $2,914 and $2,997, respectively) 3,333 3,321
Fair value option and trading securities, at estimated fair value (includes $8 and $404, respectively, of actively traded securities; and $9 and $13, respectively, relating to variable interest entities) 14,314 15,024
Mortgage loans (net of valuation allowances of $467 and $318, respectively; includes $159 and $172, respectively, at estimated fair value, relating to variable interest entities; includes $449 and $314, respectively, under the fair value option) 69,399 67,102
Policy loans (includes $0 and $4, respectively, relating to variable interest entities) 11,240 11,258
Real estate and real estate joint ventures (includes $71 and $47, respectively, of real estate held-for-sale) 9,063 8,433
Other limited partnership interests (includes $15 and $27, respectively, relating to variable interest entities) 6,982 7,096
Short-term investments, principally at estimated fair value (includes $0 and $26, respectively, relating to variable interest entities) 9,838 9,299
Other invested assets, principally at estimated fair value (includes $43 and $43, respectively, relating to variable interest entities) 31,834 22,524
Total investments 543,511 495,459
Cash and cash equivalents, principally at estimated fair value (includes $16 and $85, respectively, relating to variable interest entities) 17,067 12,752
Accrued investment income (includes $1 and $23, respectively, relating to variable interest entities) 3,884 3,988
Premiums, reinsurance and other receivables (includes $4 and $21, respectively, relating to variable interest entities) 26,035 22,702
Deferred policy acquisition costs and value of business acquired (includes $0 and $240, respectively, relating to variable interest entities) 24,748 24,130
Current income tax recoverable 51 161
Goodwill 9,852 9,477
Other assets (includes $3 and $148, respectively, relating to variable interest entities) 7,747 7,666
Separate account assets (includes $0 and $1,022, respectively, relating to variable interest entities) 309,672 301,598
Total assets 942,567 877,933
Liabilities    
Future policy benefits (includes $0 and $716, respectively, relating to variable interest entities) 204,461 191,879
Policyholder account balances (includes $0 and $21, respectively, relating to variable interest entities) 213,526 202,722
Other policy-related balances (includes $0 and $238, respectively, relating to variable interest entities) 14,447 14,255
Policyholder dividends payable 734 720
Policyholder dividend obligation 3,343 1,783
Payables for collateral under securities loaned and other transactions 45,790 36,871
Short-term debt 103 100
Long-term debt (includes $47 and $63, respectively, at estimated fair value, relating to variable interest entities) 16,586 18,023
Collateral financing arrangements 4,113 4,139
Junior subordinated debt securities 3,168 3,194
Deferred income tax liability 14,966 10,592
Other liabilities (includes $0 and $81, respectively, relating to variable interest entities) 32,285 23,561
Separate account liabilities (includes $0 and $1,022, respectively, relating to variable interest entities) 309,672 301,598
Total liabilities 863,194 809,437
Contingencies, Commitments and Guarantees (Note 13)
Redeemable noncontrolling interests in partially-owned consolidated subsidiaries 0 77
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $2,100 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,161,802,382 and 1,159,590,766 shares issued, respectively; 1,098,794,277 and 1,098,028,525 shares outstanding, respectively 12 12
Additional paid-in capital 30,783 30,749
Retained earnings 36,924 35,519
Treasury stock, at cost; 63,008,105 and 61,562,241 shares, respectively (3,172) (3,102)
Accumulated other comprehensive income (loss) 14,632 4,771
Total MetLife, Inc.’s stockholders’ equity 79,179 67,949
Noncontrolling interests 194 470
Total equity 79,373 68,419
Total liabilities and equity $ 942,567 $ 877,933