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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $299,532 and $310,884, respectively; allowance for credit loss of $261 and $91, respectively) $ 284,178 $ 340,274
Equity securities 1,085 1,269
Contractholder-directed equity securities and fair value option securities, at estimated fair value 9,875 12,142
Mortgage loans (net of allowance for credit loss of $486 and $634, respectively; includes $109 and $127, respectively, under the fair value option and $24 and $0, respectively, of mortgage loans held-for-sale) 82,055 79,353
Policy loans 8,876 9,111
Real estate and real estate joint ventures (includes $309 and $240, respectively, under the fair value option and $0 and $175, respectively, of real estate held-for-sale) 12,376 12,216
Other limited partnership interests 14,636 14,625
Short-term investments, principally at estimated fair value 3,043 7,176
Other invested assets (includes $1,849 and $1,930, respectively, of leveraged and direct financing leases; $343 and $351, respectively, relating to variable interest entities and allowance for credit loss of $33 and $40, respectively) 19,901 18,655
Total investments 436,025 494,821
Cash and cash equivalents, principally at estimated fair value 20,548 20,047
Accrued investment income 3,154 3,185
Premiums, reinsurance and other receivables 17,769 17,149
Deferred policy acquisition costs and value of business acquired 20,248 16,061
Current income tax recoverable 274 184
Goodwill 9,151 9,535
Assets held-for-sale 0 7,238
Other assets 11,895 11,615
Separate account assets 143,829 179,873
Total assets 662,893 759,708
Liabilities    
Future policy benefits 193,474 199,721
Policyholder account balances 200,580 203,473
Other policy-related balances 19,284 17,751
Policyholder dividends payable 457 478
Policyholder dividend obligation 0 1,682
Payables for collateral under securities loaned and other transactions 23,819 31,920
Short-term debt 196 341
Long-term debt 13,677 13,933
Collateral financing arrangement 741 766
Junior subordinated debt securities 3,157 3,156
Deferred income tax liability 1,301 9,693
Liabilities held-for-sale 0 6,634
Other liabilities 25,011 22,538
Separate account liabilities 143,829 179,873
Total liabilities 625,526 691,959
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; 1,189,520,578 and 1,186,540,473 shares issued, respectively; 797,580,831 and 825,540,267 shares outstanding, respectively 12 12
Additional paid-in capital 33,548 33,511
Retained earnings 41,101 41,197
Treasury stock, at cost; 391,939,747 and 361,000,206 shares, respectively (20,188) (18,157)
Accumulated other comprehensive income (loss) (17,372) 10,919
Total MetLife, Inc.’s stockholders’ equity 37,101 67,482
Noncontrolling interests 266 267
Total equity 37,367 67,749
Total liabilities and equity $ 662,893 $ 759,708