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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $293,268 and $286,069, respectively) $ 304,840 $ 308,931
Equity securities, at estimated fair value 1,479 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) 13,540 16,745
Mortgage loans (net of valuation allowances of $336 and $314, respectively; includes $323 and $520, respectively, under the fair value option) 72,461 68,731
Policy loans 9,703 9,669
Real estate and real estate joint ventures (includes $631 and $25, respectively, of real estate held-for-sale) 9,977 9,637
Other limited partnership interests 6,374 5,708
Short-term investments, principally at estimated fair value 5,231 4,870
Other invested assets (includes $128 and $125, respectively, relating to variable interest entities) 16,336 17,263
Total investments 439,941 444,067
Cash and cash equivalents, principally at estimated fair value (includes $10 and $12, respectively, relating to variable interest entities) 12,490 12,701
Accrued investment income 3,691 3,524
Premiums, reinsurance and other receivables (includes $3 and $3, respectively, relating to variable interest entities) 19,820 18,423
Deferred policy acquisition costs and value of business acquired 19,160 18,419
Goodwill 9,440 9,590
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 8,493 8,167
Separate account assets 185,416 205,001
Total assets 698,451 719,892
Liabilities    
Future policy benefits 185,476 177,974
Policyholder account balances 184,094 182,518
Other policy-related balances 16,207 15,515
Policyholder dividends payable 709 682
Policyholder dividend obligation 456 2,121
Payables for collateral under securities loaned and other transactions 26,075 25,723
Short-term debt 290 477
Long-term debt (includes $5 and $6, respectively, at estimated fair value, relating to variable interest entities) 13,408 15,686
Collateral financing arrangement 1,073 1,121
Junior subordinated debt securities 3,146 3,144
Current income tax payable 166 311
Deferred income tax liability 4,924 6,767
Other liabilities (includes $1 and $3, respectively, relating to variable interest entities) 25,202 23,982
Separate account liabilities 185,416 205,001
Total liabilities 646,642 661,022
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; 1,171,428,557 and 1,168,710,101 shares issued, respectively; 986,644,069 and 1,043,588,396 shares outstanding, respectively 12 12
Additional paid-in capital 32,475 31,111
Retained earnings 27,331 26,527
Treasury stock, at cost; 184,784,488 and 125,121,705 shares, respectively (9,193) (6,401)
Accumulated other comprehensive income (loss) 1,000 7,427
Total MetLife, Inc.’s stockholders’ equity 51,625 58,676
Noncontrolling interests 184 194
Total equity 51,809 58,870
Total liabilities and equity $ 698,451 $ 719,892