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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $332,964 and $334,780, respectively; includes $4,277 and $4,266, respectively, relating to variable interest entities) $ 351,402 $ 365,425
Equity securities available-for-sale, at estimated fair value (cost: $2,997 and $3,076, respectively) 3,321 3,631
Fair value option and trading securities, at estimated fair value (includes $404 and $704, respectively, of actively traded securities; and $13 and $60, respectively, relating to variable interest entities) 15,024 16,689
Mortgage loans (net of valuation allowances of $318 and $305, respectively; includes $172 and $280, respectively, at estimated fair value, relating to variable interest entities; includes $314 and $308, respectively, under the fair value option) 67,102 60,118
Policy loans (includes $4 and $3, respectively, relating to variable interest entities) 11,258 11,618
Real estate and real estate joint ventures (includes $0 and $8, respectively, relating to variable interest entities; includes $47 and $172, respectively, of real estate held-for-sale) 8,433 10,525
Other limited partnership interests (includes $27 and $34, respectively, relating to variable interest entities) 7,096 8,085
Short-term investments, principally at estimated fair value (includes $26 and $20, respectively, relating to variable interest entities) 9,299 8,621
Other invested assets, principally at estimated fair value (includes $43 and $56, respectively, relating to variable interest entities) 22,524 21,283
Total investments 495,459 505,995
Cash and cash equivalents, principally at estimated fair value (includes $85 and $57, respectively, relating to variable interest entities) 12,752 10,808
Accrued investment income (includes $23 and $21, respectively, relating to variable interest entities) 3,988 4,120
Premiums, reinsurance and other receivables (includes $21 and $21, respectively, relating to variable interest entities) 22,702 22,244
Deferred policy acquisition costs and value of business acquired (includes $240 and $235, respectively, relating to variable interest entities) 24,130 24,442
Current income tax recoverable 161 0
Goodwill 9,477 9,872
Other assets (includes $148 and $134, respectively, relating to variable interest entities) 7,666 7,862
Separate account assets (includes $1,022 and $1,128, respectively, relating to variable interest entities) 301,598 316,994
Total assets 877,933 902,337
Liabilities    
Future policy benefits (includes $716 and $579, respectively, relating to variable interest entities) 191,879 189,586
Policyholder account balances (includes $21 and $33, respectively, relating to variable interest entities) 202,722 209,294
Other policy-related balances (includes $238 and $198, respectively, relating to variable interest entities) 14,255 14,422
Policyholder dividends payable 720 684
Policyholder dividend obligation 1,783 3,155
Payables for collateral under securities loaned and other transactions 36,871 35,326
Short-term debt 100 100
Long-term debt (includes $63 and $151, respectively, at estimated fair value, relating to variable interest entities) 18,023 16,286
Collateral financing arrangements 4,139 4,196
Junior subordinated debt securities 3,194 3,193
Current income tax payable 0 184
Deferred income tax liability 10,592 11,821
Other liabilities (includes $81 and $80, respectively, relating to variable interest entities) 23,561 24,437
Separate account liabilities (includes $1,022 and $1,128, respectively, relating to variable interest entities) 301,598 316,994
Total liabilities 809,437 829,678
Contingencies, Commitments and Guarantees (Note 21)  
Redeemable noncontrolling interests in partially owned consolidated subsidiaries 77 99
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $2,100 aggregate liquidation preference 0 1
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,159,590,766 and 1,153,998,144 shares issued, respectively; 1,098,028,525 and 1,131,927,894 shares outstanding, respectively 12 12
Additional paid-in capital 30,749 30,543
Retained earnings 35,519 32,020
Treasury stock, at cost; 61,562,241 and 22,070,250 shares, respectively (3,102) (1,172)
Accumulated other comprehensive income (loss) 4,771 10,649
Total MetLife, Inc.’s stockholders’ equity 67,949 72,053
Noncontrolling interests 470 507
Total equity 68,419 72,560
Total liabilities and equity $ 877,933 $ 902,337