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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $297,655 and $286,816, respectively) $ 327,820 $ 298,265
Equity securities, at estimated fair value 1,342 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) 13,102 12,616
Mortgage loans (net of valuation allowances of $353 and $342, respectively; includes $188 and $299, respectively, under the fair value option and $59 and $0, respectively, of mortgage loans held-for-sale) 80,529 75,752
Policy loans 9,680 9,699
Real estate and real estate joint ventures (includes $127 and $0, respectively, under the fair value option) 10,741 9,698
Other limited partnership interests 7,716 6,613
Short-term investments, principally at estimated fair value 3,850 3,937
Other invested assets (includes $2,299 and $2,300, respectively, of leveraged and direct financing leases and $290 and $141, respectively, relating to variable interest entities) 19,015 18,190
Total investments 473,795 436,210
Cash and cash equivalents, principally at estimated fair value (includes $12 and $52, respectively, relating to variable interest entities) 16,598 15,821
Accrued investment income 3,523 3,582
Premiums, reinsurance and other receivables (includes $4 and $3, respectively, relating to variable interest entities) 20,443 19,644
Deferred policy acquisition costs and value of business acquired 17,833 18,895
Goodwill 9,308 9,422
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 10,518 8,408
Separate account assets 188,445 175,556
Total assets 740,463 687,538
Liabilities    
Future policy benefits 194,909 186,780
Policyholder account balances 192,627 183,693
Other policy-related balances 17,171 16,529
Policyholder dividends payable 681 677
Policyholder dividend obligation 2,020 428
Payables for collateral under securities loaned and other transactions 26,745 24,794
Short-term debt 235 268
Long-term debt (includes $5 and $5, respectively, at estimated fair value, relating to variable interest entities) 13,466 12,829
Collateral financing arrangement 993 1,060
Junior subordinated debt securities 3,150 3,147
Current income tax payable 363 441
Deferred income tax liability 9,097 5,414
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 24,179 22,964
Separate account liabilities 188,445 175,556
Total liabilities 674,081 634,580
Contingencies, Commitments and Guarantees (Note 21)
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; 1,177,680,299 and 1,171,824,242 shares issued, respectively; 915,338,098 and 958,613,542 shares outstanding, respectively 12 12
Additional paid-in capital 32,680 32,474
Retained earnings 33,078 28,926
Treasury stock, at cost; 262,342,201 and 213,210,700 shares, respectively (12,678) (10,393)
Accumulated other comprehensive income (loss) 13,052 1,722
Total MetLife, Inc.’s stockholders’ equity 66,144 52,741
Noncontrolling interests 238 217
Total equity 66,382 52,958
Total liabilities and equity $ 740,463 $ 687,538