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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $304,767 and $310,811, respectively; allowance for credit loss of $104 and $81, respectively) $ 332,941 $ 354,809
Equity securities, at estimated fair value 1,063 1,079
Contractholder-directed equity securities and fair value option securities, at estimated fair value 12,975 13,319
Mortgage loans (net of allowance for credit loss of $528 and $590, respectively; includes $149 and $165, respectively, under the fair value option) 83,015 83,919
Policy loans 9,334 9,493
Real estate and real estate joint ventures (includes $182 and $169, respectively, under the fair value option and $189 and $128, respectively, of real estate held-for-sale) 12,007 11,933
Other limited partnership interests 10,961 9,470
Short-term investments, principally at estimated fair value 4,781 3,904
Other invested assets (includes $2,126 and $2,156, respectively, of leveraged and direct financing leases and $371 and $332, respectively, relating to variable interest entities) 18,677 20,593
Total investments 485,754 508,519
Cash and cash equivalents, principally at estimated fair value (includes $12 and $12, respectively, relating to variable interest entities) 19,635 19,795
Accrued investment income 3,363 3,388
Premiums, reinsurance and other receivables (includes $4 and $4, respectively, relating to variable interest entities) 18,727 17,870
Deferred policy acquisition costs and value of business acquired 17,214 16,389
Current income tax recoverable 214 0
Goodwill 9,944 10,112
Assets held-for-sale 6,599 7,418
Other assets (includes $1 and $1, respectively, relating to variable interest entities) 12,164 11,685
Separate account assets 196,200 199,970
Total assets 769,814 795,146
Liabilities    
Future policy benefits 197,755 206,656
Policyholder account balances 205,186 205,176
Other policy-related balances 18,045 17,101
Policyholder dividends payable 562 587
Policyholder dividend obligation 1,546 2,969
Payables for collateral under securities loaned and other transactions 28,694 29,475
Short-term debt 302 393
Long-term debt (includes $0 and $5, respectively, relating to variable interest entities) 14,509 14,603
Collateral financing arrangement 833 845
Junior subordinated debt securities 3,153 3,153
Current income tax payable 0 129
Deferred income tax liability 8,570 11,008
Liabilities held-for-sale 3,865 4,650
Other liabilities (includes $1 and $1, respectively, relating to variable interest entities) 24,457 23,614
Separate account liabilities 196,200 199,970
Total liabilities 703,677 720,329
Contingencies, Commitments and Guarantees (Note 15)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $4,405 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,185,584,001 and 1,181,614,288 shares issued, respectively; 878,312,175 and 892,910,600 shares outstanding, respectively 12 12
Additional paid-in capital 33,910 33,812
Retained earnings 36,373 36,491
Treasury stock, at cost; 307,271,826 and 288,703,688 shares, respectively (14,828) (13,829)
Accumulated other comprehensive income (loss) ("AOCI") 10,397 18,072
Total MetLife, Inc.’s stockholders’ equity 65,864 74,558
Noncontrolling interests 273 259
Total equity 66,137 74,817
Total liabilities and equity $ 769,814 $ 795,146