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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $288,559 and $286,816, respectively) $ 308,410 $ 298,265
Equity securities, at estimated fair value 1,432 1,440
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $3 and $4, respectively, relating to variable interest entities) 13,245 12,616
Mortgage loans (net of valuation allowances of $350 and $342, respectively; includes $276 and $299, respectively, under the fair value option) 78,601 75,752
Policy loans 9,670 9,699
Real estate and real estate joint ventures 10,022 9,698
Other limited partnership interests 6,787 6,613
Short-term investments, principally at estimated fair value 4,524 3,937
Other invested assets (includes $2,392 and $2,300, respectively, of leveraged and direct financing leases and $214 and $141, respectively, relating to variable interest entities) 18,175 18,190
Total investments 450,866 436,210
Cash and cash equivalents, principally at estimated fair value (includes $19 and $52, respectively, relating to variable interest entities) 14,506 15,821
Accrued investment income 3,569 3,582
Premiums, reinsurance and other receivables (includes $2 and $3, respectively, relating to variable interest entities) 20,615 19,644
Deferred policy acquisition costs and value of business acquired 18,349 18,895
Goodwill 9,418 9,422
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 10,100 8,408
Separate account assets 185,765 175,556
Total assets 713,188 687,538
Liabilities    
Future policy benefits 187,508 186,780
Policyholder account balances 187,333 183,693
Other policy-related balances 16,967 16,529
Policyholder dividends payable 671 677
Policyholder dividend obligation 1,116 428
Payables for collateral under securities loaned and other transactions 25,084 24,794
Short-term debt 289 268
Long-term debt (includes $5 and $5, respectively, at estimated fair value, relating to variable interest entities) 12,850 12,829
Collateral financing arrangement 1,048 1,060
Junior subordinated debt securities 3,148 3,147
Current income tax payable 505 441
Deferred income tax liability 7,075 5,414
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 25,091 22,964
Separate account liabilities 185,765 175,556
Total liabilities 654,450 634,580
Contingencies, Commitments and Guarantees (Note 14)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $3,405 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,174,590,790 and 1,171,824,242 shares issued, respectively; 950,181,456 and 958,613,542 shares outstanding, respectively 12 12
Additional paid-in capital 32,535 32,474
Retained earnings 29,944 28,926
Treasury stock, at cost; 224,409,334 and 213,210,700 shares, respectively (10,893) (10,393)
Accumulated other comprehensive income (loss) 6,911 1,722
Total MetLife, Inc.’s stockholders’ equity 58,509 52,741
Noncontrolling interests 229 217
Total equity 58,738 52,958
Total liabilities and equity $ 713,188 $ 687,538