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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $310,884 and $310,811, respectively; allowance for credit loss of $91 and $81, respectively) $ 340,274 $ 354,809
Equity securities, at estimated fair value 1,269 1,079
Contractholder-directed equity securities and fair value option securities, at estimated fair value 12,142 13,319
Mortgage loans (net of allowance for credit loss of $634 and $590, respectively; includes $127 and $165, respectively, under the fair value option) 79,353 83,919
Policy loans 9,111 9,493
Real estate and real estate joint ventures (includes $240 and $169, respectively, under the fair value option and $175 and $128, respectively, of real estate held-for-sale) 12,216 11,933
Other limited partnership interests 14,625 9,470
Short-term investments, principally at estimated fair value 7,176 3,904
Other invested assets (includes $1,930 and $2,156, respectively, of leveraged and direct financing leases; $351 and $332, respectively, relating to variable interest entities and allowance for credit loss of $40 and $44, respectively) 18,655 20,593
Total investments 494,821 508,519
Cash and cash equivalents, principally at estimated fair value 20,047 19,795
Accrued investment income 3,185 3,388
Premiums, reinsurance and other receivables 17,149 17,870
Deferred policy acquisition costs and value of business acquired 16,061 16,389
Current income tax recoverable 184 0
Goodwill 9,535 10,112
Assets held-for-sale 7,238 7,418
Other assets 11,615 11,685
Separate account assets 179,873 199,970
Total assets 759,708 795,146
Liabilities    
Future policy benefits 199,721 206,656
Policyholder account balances 203,473 205,176
Other policy-related balances 17,751 17,101
Policyholder dividends payable 478 587
Policyholder dividend obligation 1,682 2,969
Payables for collateral under securities loaned and other transactions 31,920 29,475
Short-term debt 341 393
Long-term debt 13,933 14,603
Collateral financing arrangement 766 845
Junior subordinated debt securities 3,156 3,153
Current income tax payable 0 129
Deferred income tax liability 9,693 11,008
Liabilities held-for-sale 6,634 4,650
Other liabilities 22,538 23,614
Separate account liabilities 179,873 199,970
Total liabilities 691,959 720,329
Contingencies, Commitments and Guarantees (Note 21)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $3,905 and $4,405, respectively, aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,186,540,473 and 1,181,614,288 shares issued, respectively; 825,540,267 and 892,910,600 shares outstanding, respectively 12 12
Additional paid-in capital 33,511 33,812
Retained earnings 41,197 36,491
Treasury stock, at cost; 361,000,206 and 288,703,688 shares, respectively (18,157) (13,829)
Accumulated other comprehensive income (loss) 10,919 18,072
Total MetLife, Inc.’s stockholders’ equity 67,482 74,558
Noncontrolling interests 267 259
Total equity 67,749 74,817
Total liabilities and equity $ 759,708 $ 795,146