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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $291,229 and $286,816, respectively) $ 318,689 $ 298,265
Equity securities, at estimated fair value 1,476 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) 13,000 12,616
Mortgage loans (net of valuation allowances of $357 and $342, respectively; includes $262 and $299, respectively, under the fair value option) 77,997 75,752
Policy loans 9,705 9,699
Real estate and real estate joint ventures (includes $22 and $0, respectively, of real estate held-for-sale) 10,326 9,698
Other limited partnership interests 7,054 6,613
Short-term investments, principally at estimated fair value 2,811 3,937
Other invested assets (includes $2,440 and $2,300, respectively, of leveraged and direct financing leases and $237 and $141, respectively, relating to variable interest entities) 20,036 18,190
Total investments 461,094 436,210
Cash and cash equivalents, principally at estimated fair value (includes $11 and $52, respectively, relating to variable interest entities) 18,435 15,821
Accrued investment income 3,535 3,582
Premiums, reinsurance and other receivables (includes $4 and $3, respectively, relating to variable interest entities) 20,425 19,644
Deferred policy acquisition costs and value of business acquired 17,880 18,895
Current income tax recoverable 97 0
Goodwill 9,408 9,422
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 10,029 8,408
Separate account assets 191,264 175,556
Total assets 732,167 687,538
Liabilities    
Future policy benefits 191,139 186,780
Policyholder account balances 190,033 183,693
Other policy-related balances 16,815 16,529
Policyholder dividends payable 689 677
Policyholder dividend obligation 1,834 428
Payables for collateral under securities loaned and other transactions 25,354 24,794
Short-term debt 158 268
Long-term debt (includes $5 and $5, respectively, at estimated fair value, relating to variable interest entities) 13,346 12,829
Collateral financing arrangement 1,026 1,060
Junior subordinated debt securities 3,149 3,147
Current income tax payable 0 441
Deferred income tax liability 8,766 5,414
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 24,548 22,964
Separate account liabilities 191,264 175,556
Total liabilities 668,121 634,580
Contingencies, Commitments and Guarantees (Note 16)
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; 1,176,087,431 and 1,171,824,242 shares issued, respectively; 935,921,796 and 958,613,542 shares outstanding, respectively 12 12
Additional paid-in capital 32,602 32,474
Retained earnings 31,209 28,926
Treasury stock, at cost; 240,165,635 and 213,210,700 shares, respectively (11,643) (10,393)
Accumulated other comprehensive income (loss) 11,631 1,722
Total MetLife, Inc.’s stockholders’ equity 63,811 52,741
Noncontrolling interests 235 217
Total equity 64,046 52,958
Total liabilities and equity $ 732,167 $ 687,538