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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $287,099 and $286,069, respectively) $ 304,711 $ 308,931
Equity securities, at estimated fair value 1,544 2,513
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $6 and $6, respectively, relating to variable interest entities) 16,444 16,745
Mortgage loans (net of valuation allowances of $327 and $314, respectively; includes $438 and $520, respectively, under the fair value option) 71,055 68,731
Policy loans 9,744 9,669
Real estate and real estate joint ventures (includes $699 and $25, respectively, of real estate held-for-sale) 9,862 9,637
Other limited partnership interests 5,876 5,708
Short-term investments, principally at estimated fair value 5,121 4,870
Other invested assets (includes $123 and $125, respectively, relating to variable interest entities) 17,486 17,263
Total investments 441,843 444,067
Cash and cash equivalents, principally at estimated fair value (includes $7 and $12, respectively, relating to variable interest entities) 13,927 12,701
Accrued investment income 3,638 3,524
Premiums, reinsurance and other receivables (includes $2 and $3, respectively, relating to variable interest entities) 19,368 18,423
Deferred policy acquisition costs and value of business acquired 19,330 18,419
Goodwill 9,733 9,590
Other assets (includes $3 and $2, respectively, relating to variable interest entities) 8,387 8,167
Separate account assets 196,358 205,001
Total assets 712,584 719,892
Liabilities    
Future policy benefits 180,348 177,974
Policyholder account balances 184,289 182,518
Other policy-related balances 16,023 15,515
Policyholder dividends payable 672 682
Policyholder dividend obligation 1,277 2,121
Payables for collateral under securities loaned and other transactions 26,151 25,723
Short-term debt 526 477
Long-term debt (includes $5 and $6, respectively, at estimated fair value, relating to variable interest entities) 15,707 15,686
Collateral financing arrangement 1,108 1,121
Junior subordinated debt securities 3,145 3,144
Current income tax payable 155 311
Deferred income tax liability 6,304 6,767
Other liabilities (includes $2 and $3, respectively, relating to variable interest entities) 24,013 23,982
Separate account liabilities 196,358 205,001
Total liabilities 656,076 661,022
Contingencies, Commitments and Guarantees (Note 14)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $2,600 and $2,100 aggregate liquidation preference, respectively 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,170,644,215 and 1,168,710,101 shares issued, respectively; 1,024,117,183 and 1,043,588,396 shares outstanding, respectively 12 12
Additional paid-in capital 31,653 31,111
Retained earnings 26,453 26,527
Treasury stock, at cost; 146,527,032 and 125,121,705 shares, respectively (7,442) (6,401)
Accumulated other comprehensive income (loss) 5,634 7,427
Total MetLife, Inc.’s stockholders’ equity 56,310 58,676
Noncontrolling interests 198 194
Total equity 56,508 58,870
Total liabilities and equity $ 712,584 $ 719,892