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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2017
Dec. 31, 2016
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $286,069 and $271,676, respectively) $ 308,931 $ 289,563
Equity securities available-for-sale, at estimated fair value (cost: $2,140 and $2,464, respectively) 2,513 2,894
Fair value option securities, at estimated fair value ($6 and $8, respectively, relating to variable interest entities) 16,745 13,923
Mortgage loans (net of valuation allowances of $314 and $304, respectively; includes $520 and $566, respectively, under the fair value option) 68,731 65,167
Policy loans 9,669 9,511
Real estate and real estate joint ventures (includes $25 and $59, respectively, of real estate held-for-sale) 9,637 8,891
Other limited partnership interests (includes $0 and $14, respectively, relating to variable interest entities) 5,708 5,136
Short-term investments, principally at estimated fair value 4,870 6,523
Other invested assets (includes $125 and $31, respectively, relating to variable interest entities) 17,263 19,303
Total investments 444,067 420,911
Cash and cash equivalents, principally at estimated fair value (includes $12 and $1, respectively, relating to variable interest entities) 12,701 12,651
Accrued investment income 3,524 3,308
Premiums, reinsurance and other receivables (includes $3 and $2, respectively, relating to variable interest entities) 18,423 15,445
Deferred policy acquisition costs and value of business acquired 18,419 17,590
Current income tax recoverable 0 20
Goodwill 9,590 9,220
Assets of disposed subsidiary 0 216,983
Other assets (includes $2 and $3, respectively, relating to variable interest entities) 8,167 7,058
Separate account assets 205,001 195,578
Total assets 719,892 898,764
Liabilities    
Future policy benefits 177,974 166,636
Policyholder account balances 182,518 172,486
Other policy-related balances 15,515 13,402
Policyholder dividends payable 682 696
Policyholder dividend obligation 2,121 1,931
Payables for collateral under securities loaned and other transactions 25,723 25,873
Short-term debt 477 242
Long-term debt (includes $6 and $12, respectively, at estimated fair value, relating to variable interest entities) 15,686 16,441
Collateral financing arrangement 1,121 1,274
Junior subordinated debt securities 3,144 3,169
Liabilities of disposed subsidiary 0 202,707
Taxes Payable, Current 311 0
Deferred income tax liability 6,767 6,892
Other liabilities (includes $3 and $0, respectively, relating to variable interest entities) 23,982 23,735
Separate Accounts, Liability 205,001 195,578
Total liabilities 661,022 831,062
Contingencies, Commitments and Guarantees (Note 20)
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; 1,168,710,101 and 1,164,029,985 shares issued, respectively; 1,043,588,396 and 1,095,519,005 shares outstanding, respectively 12 12
Additional paid-in capital 31,111 30,944
Retained earnings 26,527 34,683
Treasury stock, at cost; 125,121,705 and 68,510,980 shares, respectively (6,401) (3,474)
Accumulated other comprehensive income (loss) 7,427 5,366
Total MetLife, Inc.’s stockholders’ equity 58,676 67,531
Noncontrolling interests 194 171
Total equity 58,870 67,702
Total liabilities and equity $ 719,892 $ 898,764