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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $313,872 and $310,884, respectively; allowance for credit loss of $355 and $91, respectively) $ 320,079 $ 340,274
Equity securities 988 1,269
Contractholder-directed equity securities and fair value option securities, at estimated fair value 11,418 12,142
Mortgage loans (net of allowance for credit loss of $615 and $634, respectively; includes $119 and $127, respectively, under the fair value option) 79,968 79,353
Policy loans 9,036 9,111
Real estate and real estate joint ventures (includes $284 and $240, respectively, under the fair value option and $175 and $175, respectively, of real estate held-for-sale) 12,379 12,216
Other limited partnership interests 14,570 14,625
Short-term investments, principally at estimated fair value 3,146 7,176
Other invested assets (includes $2,013 and $1,930, respectively, of leveraged and direct financing leases; $356 and $351, respectively, relating to variable interest entities and allowance for credit loss of $37 and $40, respectively) 18,696 18,655
Total investments 470,280 494,821
Cash and cash equivalents, principally at estimated fair value 23,488 20,047
Accrued investment income 3,251 3,185
Premiums, reinsurance and other receivables 17,926 17,149
Deferred policy acquisition costs and value of business acquired 18,409 16,061
Current income tax recoverable 39 184
Goodwill 9,510 9,535
Assets held-for-sale 4,582 7,238
Other assets 11,743 11,615
Separate account assets 165,056 179,873
Total assets 724,284 759,708
Liabilities    
Future policy benefits 195,789 199,721
Policyholder account balances 206,762 203,473
Other policy-related balances 19,553 17,751
Policyholder dividends payable 450 478
Policyholder dividend obligation 0 1,682
Payables for collateral under securities loaned and other transactions 30,481 31,920
Short-term debt 323 341
Long-term debt 13,848 13,933
Collateral financing arrangement 754 766
Junior subordinated debt securities 3,156 3,156
Deferred income tax liability 5,690 9,693
Liabilities held-for-sale 4,297 6,634
Other liabilities 23,888 22,538
Separate account liabilities 165,056 179,873
Total liabilities 670,047 691,959
Contingencies, Commitments and Guarantees (Note 14)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $3,905 and $3,905 aggregate liquidation preference, respectively 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,189,427,155 and 1,186,540,473 shares issued, respectively; 814,805,526 and 825,540,267 shares outstanding, respectively 12 12
Additional paid-in capital 33,531 33,511
Retained earnings 41,406 41,197
Treasury stock, at cost; 374,621,629 and 361,000,206 shares, respectively (19,072) (18,157)
Accumulated other comprehensive income (loss) (1,912) 10,919
Total MetLife, Inc.’s stockholders’ equity 53,965 67,482
Noncontrolling interests 272 267
Total equity 54,237 67,749
Total liabilities and equity $ 724,284 $ 759,708