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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $353,913 and $332,964, respectively; includes $3,533 and $4,277, respectively, relating to variable interest entities) $ 390,442 $ 351,402
Equity securities available-for-sale, at estimated fair value (cost: $2,838 and $2,997, respectively) 3,289 3,321
Fair value option and trading securities, at estimated fair value (includes $0 and $404, respectively, of actively traded securities; and $9 and $13, respectively, relating to variable interest entities) 14,730 15,024
Mortgage loans (net of valuation allowances of $330 and $318, respectively; includes $143 and $172, respectively, at estimated fair value, relating to variable interest entities; includes $481 and $314, respectively, under the fair value option) 71,156 67,102
Policy loans (includes $0 and $4, respectively, relating to variable interest entities) 11,177 11,258
Real estate and real estate joint ventures (includes $33 and $47, respectively, of real estate held-for-sale) 9,186 8,433
Other limited partnership interests (includes $15 and $27, respectively, relating to variable interest entities) 6,878 7,096
Short-term investments, principally at estimated fair value (includes $0 and $26, respectively, relating to variable interest entities) 11,655 9,299
Other invested assets, principally at estimated fair value (includes $31 and $43, respectively, relating to variable interest entities) 30,278 22,524
Total investments 548,791 495,459
Cash and cash equivalents, principally at estimated fair value (includes $0 and $85, respectively, relating to variable interest entities) 15,883 12,752
Accrued investment income (includes $1 and $23, respectively, relating to variable interest entities) 4,197 3,988
Premiums, reinsurance and other receivables (includes $4 and $21, respectively, relating to variable interest entities) 26,178 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 0 161
Goodwill 9,592 9,477
Other assets (includes $3 and $148, respectively, relating to variable interest entities) 7,867 7,666
Separate account assets (includes $0 and $1,022, respectively, relating to variable interest entities) 315,648 301,598
Total assets 952,904 877,933
Liabilities    
Future policy benefits (includes $0 and $716, respectively, relating to variable interest entities) 208,561 191,879
Policyholder account balances (includes $0 and $21, respectively, relating to variable interest entities) 216,192 202,722
Other policy-related balances (includes $0 and $238, respectively, relating to variable interest entities) 14,857 14,255
Policyholder dividends payable 763 720
Policyholder dividend obligation 3,352 1,783
Payables for collateral under securities loaned and other transactions 44,422 36,871
Short-term debt 201 100
Long-term debt (includes $38 and $63, respectively, at estimated fair value, relating to variable interest entities) 16,553 18,023
Collateral financing arrangements 4,084 4,139
Junior subordinated debt securities 3,168 3,194
Current income tax payable 151 0
Deferred income tax liability 14,359 10,592
Other liabilities (includes $0 and $81, respectively, relating to variable interest entities) 32,127 23,561
Separate account liabilities (includes $0 and $1,022, respectively, relating to variable interest entities) 315,648 301,598
Total liabilities 874,438 809,437
Contingencies, Commitments and Guarantees (Note 15)
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; 1,161,994,036 and 1,159,590,766 shares issued, respectively; 1,098,985,931 and 1,098,028,525 shares outstanding, respectively 12 12
Additional paid-in capital 30,797 30,749
Retained earnings 37,054 35,519
Treasury stock, at cost; 63,008,105 and 61,562,241 shares, respectively (3,172) (3,102)
Accumulated other comprehensive income (loss) 13,595 4,771
Total MetLife, Inc.’s stockholders’ equity 78,286 67,949
Noncontrolling interests 180 470
Total equity 78,466 68,419
Total liabilities and equity $ 952,904 $ 877,933