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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $330,354 and $332,964, respectively; includes $3,422 and $4,277, respectively, relating to variable interest entities) $ 350,889 $ 351,402
Equity securities available-for-sale, at estimated fair value (cost: $2,744 and $2,997, respectively) 3,194 3,321
Fair value option and trading securities, at estimated fair value (includes $0 and $404, respectively, of actively traded securities; and $8 and $13, respectively, relating to variable interest entities) 13,923 15,024
Mortgage loans (net of valuation allowances of $344 and $318, respectively; includes $136 and $172, respectively, at estimated fair value, relating to variable interest entities; includes $566 and $314, respectively, under the fair value option) 74,545 67,102
Policy loans (includes $0 and $4, respectively, relating to variable interest entities) 11,028 11,258
Real estate and real estate joint ventures (includes $59 and $47, respectively, of real estate held-for-sale) 9,041 8,433
Other limited partnership interests (includes $14 and $27, respectively, relating to variable interest entities) 6,778 7,096
Short-term investments, principally at estimated fair value (includes $0 and $26, respectively, relating to variable interest entities) 7,810 9,299
Other invested assets, principally at estimated fair value (includes $31 and $43, respectively, relating to variable interest entities) 23,185 22,524
Total investments 500,393 495,459
Cash and cash equivalents, principally at estimated fair value (includes $1 and $85, respectively, relating to variable interest entities) 17,877 12,752
Accrued investment income (includes $1 and $23, respectively, relating to variable interest entities) 3,988 3,988
Premiums, reinsurance and other receivables (includes $2 and $21, respectively, relating to variable interest entities) 26,081 22,702
Deferred policy acquisition costs and value of business acquired (includes $0 and $240, respectively, relating to variable interest entities) 24,798 24,130
Current income tax recoverable 20 161
Goodwill 9,220 9,477
Other assets (includes $3 and $148, respectively, relating to variable interest entities) 7,767 7,666
Separate account assets (includes $0 and $1,022, respectively, relating to variable interest entities) 308,620 301,598
Total assets 898,764 877,933
Liabilities    
Future policy benefits (includes $0 and $716, respectively, relating to variable interest entities) 199,971 191,879
Policyholder account balances (includes $0 and $21, respectively, relating to variable interest entities) 210,235 202,722
Other policy-related balances (includes $0 and $238, respectively, relating to variable interest entities) 14,386 14,255
Policyholder dividends payable 708 720
Policyholder dividend obligation 1,931 1,783
Payables for collateral under securities loaned and other transactions 33,264 36,871
Short-term debt 242 100
Long-term debt (includes $35 and $63, respectively, at estimated fair value, relating to variable interest entities) 16,502 18,023
Collateral financing arrangements 4,071 4,139
Junior subordinated debt securities 3,169 3,194
Deferred income tax liability 9,367 10,592
Other liabilities (includes $0 and $81, respectively, relating to variable interest entities) 28,818 23,561
Separate account liabilities (includes $0 and $1,022, respectively, relating to variable interest entities) 308,620 301,598
Total liabilities 831,284 809,437
Contingencies, Commitments and Guarantees (Note 21)
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; 1,164,029,985 and 1,159,590,766 shares issued, respectively; 1,095,519,005 and 1,098,028,525 shares outstanding, respectively 12 12
Additional paid-in capital 30,944 30,749
Retained earnings 34,480 35,519
Treasury stock, at cost; 68,510,980 and 61,562,241 shares, respectively (3,474) (3,102)
Accumulated other comprehensive income (loss) 5,347 4,771
Total MetLife, Inc.’s stockholders’ equity 67,309 67,949
Noncontrolling interests 171 470
Total equity 67,480 68,419
Total liabilities and equity $ 898,764 $ 877,933