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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $302,624 and $297,655, respectively; allowance for credit loss of $187 and $0, respectively) $ 326,685 $ 327,820
Equity securities, at estimated fair value 1,050 1,342
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $3 and $3, respectively, relating to variable interest entities) 11,145 13,102
Mortgage loans (net of allowance for credit loss of $464 and $353, respectively; includes $180 and $188, respectively, under the fair value option and $0 and $59, respectively, of mortgage loans held-for-sale) 81,344 80,529
Policy loans 9,638 9,680
Real estate and real estate joint ventures (includes $144 and $127, respectively, under the fair value option) 11,250 10,741
Other limited partnership interests 8,230 7,716
Short-term investments, principally at estimated fair value 5,930 3,850
Other invested assets (includes $2,019 and $2,299, respectively, of leveraged and direct financing leases and $301 and $290, respectively, relating to variable interest entities) 27,839 19,015
Total investments 483,111 473,795
Cash and cash equivalents, principally at estimated fair value (includes $12 and $12, respectively, relating to variable interest entities) 24,094 16,598
Accrued investment income 3,828 3,523
Premiums, reinsurance and other receivables (includes $2 and $4, respectively, relating to variable interest entities) 21,224 20,443
Deferred policy acquisition costs and value of business acquired 17,254 17,833
Goodwill 9,159 9,308
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 10,617 10,518
Separate account assets 168,454 188,445
Total assets 737,741 740,463
Liabilities    
Future policy benefits 193,106 194,909
Policyholder account balances 193,875 192,627
Other policy-related balances 16,755 17,171
Policyholder dividends payable 654 681
Policyholder dividend obligation 1,677 2,020
Payables for collateral under securities loaned and other transactions 35,530 26,745
Short-term debt 298 235
Long-term debt (includes $5 and $5, respectively, at estimated fair value, relating to variable interest entities) 14,510 13,466
Collateral financing arrangement 981 993
Junior subordinated debt securities 3,151 3,150
Current income tax payable 708 363
Deferred income tax liability 10,009 9,097
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 27,570 24,179
Separate account liabilities 168,454 188,445
Total liabilities 667,278 674,081
Contingencies, Commitments and Guarantees (Note 15)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $4,405 and $3,405, respectively, aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,180,575,685 and 1,177,680,299 shares issued, respectively; 907,568,876 and 915,338,098 shares outstanding, respectively 12 12
Additional paid-in capital 33,711 32,680
Retained earnings 36,919 33,078
Treasury stock, at cost; 273,006,809 and 262,342,201 shares, respectively (13,178) (12,678)
Accumulated other comprehensive income (loss) (AOCI) 12,757 13,052
Total MetLife, Inc.’s stockholders’ equity 70,221 66,144
Noncontrolling interests 242 238
Total equity 70,463 66,382
Total liabilities and equity $ 737,741 $ 740,463