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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $333,985 and $330,354, respectively; includes $0 and $3,422, respectively, relating to variable interest entities) $ 355,528 $ 350,889
Equity securities available-for-sale, at estimated fair value (cost: $2,919 and $2,744, respectively) 3,377 3,194
Fair value option securities, at estimated fair value (includes $7 and $8, respectively, relating to variable interest entities) 14,399 13,923
Mortgage loans (net of valuation allowances of $353 and $344, respectively; includes $129 and $136, respectively, at estimated fair value, relating to variable interest entities; includes $639 and $566, respectively, under the fair value option) 76,541 74,545
Policy loans 11,115 11,028
Real estate and real estate joint ventures (includes $8 and $59, respectively, of real estate held-for-sale) 9,464 9,041
Other limited partnership interests (includes $14 and $14, respectively, relating to variable interest entities) 6,762 6,778
Short-term Investments 9,968 7,810
Other invested assets, principally at estimated fair value (includes $31 and $31, respectively, relating to variable interest entities) 19,724 23,185
Total investments 506,878 500,393
Cash and cash equivalents, principally at estimated fair value (includes $3,374 and $1, respectively, relating to variable interest entities) 17,411 17,877
Accrued investment income (includes $1 and $1, respectively, relating to variable interest entities) 3,984 3,988
Premiums, reinsurance and other receivables (includes $6 and $2, respectively, relating to variable interest entities) 25,916 26,081
Deferred policy acquisition costs and value of business acquired 25,547 24,798
Current income tax recoverable 25 20
Goodwill 9,350 9,220
Other assets (includes $3 and $3, respectively, relating to variable interest entities) 8,055 7,767
Separate account assets 317,521 308,620
Total assets 914,687 898,764
Liabilities    
Future policy benefits 203,226 199,971
Policyholder account balances 214,757 210,235
Other policy-related balances 14,713 14,386
Policyholder dividends payable 699 708
Policyholder dividend obligation 1,983 1,931
Payables for collateral under securities loaned and other transactions 32,899 33,264
Short-term debt 260 242
Long-term debt (includes $32 and $35, respectively, at estimated fair value, relating to variable interest entities) 16,511 16,502
Collateral financing arrangements 4,059 4,071
Junior subordinated debt securities 3,169 3,169
Deferred income tax liability 9,550 9,367
Other liabilities 27,232 28,818
Separate account liabilities 317,521 308,620
Total liabilities 846,579 831,284
Contingencies, Commitments and Guarantees (Note 13)
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; 1,165,870,885 and 1,164,029,985 shares issued, respectively; 1,081,321,114 and 1,095,519,005 shares outstanding, respectively 12 12
Additional paid-in capital 30,990 30,944
Retained earnings 34,863 34,480
Treasury stock, at cost; 84,549,771 and 68,510,980 shares, respectively (4,332) (3,474)
Accumulated other comprehensive income (loss) 6,396 5,347
Total MetLife, Inc.’s stockholders’ equity 67,929 67,309
Noncontrolling interests 179 171
Total equity 68,108 67,480
Total liabilities and equity $ 914,687 $ 898,764