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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $302,873 and $297,655, respectively; allowance for credit loss of $177 and $0, respectively) $ 340,005 $ 327,820
Equity securities, at estimated fair value 1,105 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) 11,911 13,102
Mortgage loans (net of allowance for credit loss of $555 and $353, respectively; includes $175 and $188, respectively, under the fair value option and $0 and $59, respectively, of mortgage loans held-for-sale) 82,890 80,529
Policy loans 9,639 9,680
Real estate and real estate joint ventures (includes $155 and $127, respectively, under the fair value option) 11,524 10,741
Other limited partnership interests 7,794 7,716
Short-term investments, principally at estimated fair value 5,345 3,850
Other invested assets (includes $2,046 and $2,299, respectively, of leveraged and direct financing leases and $300 and $290, respectively, relating to variable interest entities) 24,731 19,015
Total investments 494,944 473,795
Cash and cash equivalents, principally at estimated fair value (includes $13 and $12, respectively, relating to variable interest entities) 24,289 16,598
Accrued investment income 3,388 3,523
Premiums, reinsurance and other receivables (includes $3 and $4, respectively, relating to variable interest entities) 20,848 20,443
Deferred policy acquisition costs and value of business acquired 16,353 17,833
Goodwill 9,245 9,308
Other assets (includes $2 and $2, respectively, relating to variable interest entities) 11,173 10,518
Separate account assets 187,343 188,445
Total assets 767,583 740,463
Liabilities    
Future policy benefits 196,522 194,909
Policyholder account balances 198,147 192,627
Other policy-related balances 16,870 17,171
Policyholder dividends payable 670 681
Policyholder dividend obligation 2,798 2,020
Payables for collateral under securities loaned and other transactions 34,133 26,745
Short-term debt 303 235
Long-term debt (includes $5 and $5, respectively, at estimated fair value, relating to variable interest entities) 14,513 13,466
Collateral financing arrangement 968 993
Junior subordinated debt securities 3,151 3,150
Current income tax payable 928 363
Deferred income tax liability 11,334 9,097
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 23,963 24,179
Separate account liabilities 187,343 188,445
Total liabilities 691,643 674,081
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; 1,180,627,549 and 1,177,680,299 shares issued, respectively; 907,620,740 and 915,338,098 shares outstanding, respectively 12 12
Additional paid-in capital 33,728 32,680
Retained earnings 36,568 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) 18,563 13,052
Total MetLife, Inc.’s stockholders’ equity 75,693 66,144
Noncontrolling interests 247 238
Total equity 75,940 66,382
Total liabilities and equity $ 767,583 $ 740,463