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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $292,257 and $286,069, respectively) $ 306,331 $ 308,931
Equity securities, at estimated fair value 1,483 2,513
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $5 and $6, respectively, relating to variable interest entities) 13,848 16,745
Mortgage loans (net of valuation allowances of $325 and $314, respectively; includes $405 and $520, respectively, under the fair value option) 70,852 68,731
Policy loans 9,702 9,669
Real estate and real estate joint ventures (includes $630 and $25, respectively, of real estate held-for-sale) 9,741 9,637
Other limited partnership interests 5,985 5,708
Short-term investments, principally at estimated fair value 3,853 4,870
Other invested assets (includes $453 and $125, respectively, relating to variable interest entities) 17,017 17,263
Total investments 438,812 444,067
Cash and cash equivalents, principally at estimated fair value (includes $11 and $12, respectively, relating to variable interest entities) 16,312 12,701
Accrued investment income 3,512 3,524
Premiums, reinsurance and other receivables (includes $2 and $3, respectively, relating to variable interest entities) 19,608 18,423
Deferred policy acquisition costs and value of business acquired 19,013 18,419
Goodwill 9,499 9,590
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 8,230 8,167
Separate account assets 191,347 205,001
Total assets 706,333 719,892
Liabilities    
Future policy benefits 184,461 177,974
Policyholder account balances 182,493 182,518
Other policy-related balances 15,908 15,515
Policyholder dividends payable 695 682
Policyholder dividend obligation 792 2,121
Payables for collateral under securities loaned and other transactions 27,030 25,723
Short-term debt 479 477
Long-term debt (includes $5 and $6, respectively, at estimated fair value, relating to variable interest entities) 14,536 15,686
Collateral financing arrangement 1,085 1,121
Junior subordinated debt securities 3,146 3,144
Current income tax payable 222 311
Deferred income tax liability 5,377 6,767
Other liabilities (includes $4 and $3, respectively, relating to variable interest entities) 24,930 23,982
Separate account liabilities 191,347 205,001
Total liabilities 652,501 661,022
Contingencies, Commitments and Guarantees (Note 15)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $3,405 and $2,100 aggregate liquidation preference, respectively 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,170,816,195 and 1,168,710,101 shares issued, respectively; 1,000,153,999 and 1,043,588,396 shares outstanding, respectively 12 12
Additional paid-in capital 32,454 31,111
Retained earnings 26,870 26,527
Treasury stock, at cost; 170,662,196 and 125,121,705 shares, respectively (8,557) (6,401)
Accumulated other comprehensive income (loss) 2,854 7,427
Total MetLife, Inc.’s stockholders’ equity 53,633 58,676
Noncontrolling interests 199 194
Total equity 53,832 58,870
Total liabilities and equity $ 706,333 $ 719,892