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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $286,816 and $286,069, respectively) $ 298,265 $ 308,931
Equity securities, at estimated fair value 1,440 2,513
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $4 and $6, respectively, relating to variable interest entities) 12,616 16,745
Mortgage loans (net of valuation allowances of $342 and $314, respectively; includes $299 and $520, respectively, under the fair value option) 75,752 68,731
Policy loans 9,699 9,669
Real estate and real estate joint ventures (includes $0 and $25, respectively, of real estate held-for-sale) 9,698 9,637
Other limited partnership interests 6,613 5,708
Short-term investments, principally at estimated fair value 3,937 4,870
Other invested assets (includes $141 and $125, respectively, relating to variable interest entities) 18,190 17,263
Total investments 436,210 444,067
Cash and cash equivalents, principally at estimated fair value (includes $52 and $12, respectively, relating to variable interest entities) 15,821 12,701
Accrued investment income 3,582 3,524
Premiums, reinsurance and other receivables (includes $3 and $3, respectively, relating to variable interest entities) 19,644 18,423
Deferred policy acquisition costs and value of business acquired 18,895 18,419
Goodwill 9,422 9,590
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 8,408 8,167
Separate account assets 175,556 205,001
Total assets 687,538 719,892
Liabilities    
Future policy benefits 186,780 177,974
Policyholder account balances 183,693 182,518
Other policy-related balances 16,529 15,515
Policyholder dividends payable 677 682
Policyholder dividend obligation 428 2,121
Payables for collateral under securities loaned and other transactions 24,794 25,723
Short-term debt 268 477
Long-term debt (includes $5 and $6, respectively, at estimated fair value, relating to variable interest entities) 12,829 15,686
Collateral financing arrangement 1,060 1,121
Junior subordinated debt securities 3,147 3,144
Current income tax payable 441 311
Deferred income tax liability 5,414 6,767
Other liabilities (includes $1 and $3, respectively, relating to variable interest entities) 22,964 23,982
Separate account liabilities 175,556 205,001
Total liabilities 634,580 661,022
Contingencies, Commitments and Guarantees (Note 20)
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; 1,171,824,242 and 1,168,710,101 shares issued, respectively; 958,613,542 and 1,043,588,396 shares outstanding, respectively 12 12
Additional paid-in capital 32,474 31,111
Retained earnings 28,926 26,527
Treasury stock, at cost; 213,210,700 and 125,121,705 shares, respectively (10,393) (6,401)
Accumulated other comprehensive income (loss) 1,722 7,427
Total MetLife, Inc.’s stockholders’ equity 52,741 58,676
Noncontrolling interests 217 194
Total equity 52,958 58,870
Total liabilities and equity $ 687,538 $ 719,892