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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $302,457 and $310,884, respectively; allowance for credit loss of $198 and $91, respectively) $ 270,765 $ 340,274
Equity securities 973 1,269
Contractholder-directed equity securities and fair value option securities, at estimated fair value 8,954 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) 82,437 79,353
Policy loans 8,783 9,111
Real estate and real estate joint ventures (includes $315 and $240, respectively, under the fair value option and $204 and $175, respectively, of real estate held-for-sale) 12,532 12,216
Other limited partnership interests 14,387 14,625
Short-term investments, principally at estimated fair value 5,266 7,176
Other invested assets (includes $1,801 and $1,930, respectively, of leveraged and direct financing leases; $323 and $351, respectively, relating to variable interest entities and allowance for credit loss of $33 and $40, respectively) 22,299 18,655
Total investments 426,396 494,821
Cash and cash equivalents, principally at estimated fair value 22,200 20,047
Accrued investment income 3,355 3,185
Premiums, reinsurance and other receivables 17,666 17,149
Deferred policy acquisition costs and value of business acquired 21,523 16,061
Current income tax recoverable 194 184
Deferred income tax assets 2,700 189
Goodwill 9,005 9,535
Assets held-for-sale 0 7,238
Other assets 11,294 11,426
Separate account assets 135,771 179,873
Total assets 650,104 759,708
Liabilities    
Future policy benefits 199,671 199,721
Policyholder account balances 198,251 203,473
Other policy-related balances 19,491 17,751
Policyholder dividends payable 429 478
Policyholder dividend obligation 0 1,682
Payables for collateral under securities loaned and other transactions 24,890 31,920
Short-term debt 183 341
Long-term debt 14,520 13,933
Collateral financing arrangement 729 766
Junior subordinated debt securities 3,158 3,156
Deferred income tax liability 172 9,693
Liabilities held-for-sale 0 6,634
Other liabilities 27,509 22,538
Separate account liabilities 135,771 179,873
Total liabilities 624,774 691,959
Contingencies, Commitments and Guarantees (Note 15)
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; 1,189,607,908 and 1,186,540,473 shares issued, respectively; 787,340,553 and 825,540,267 shares outstanding, respectively 12 12
Additional paid-in capital 33,589 33,511
Retained earnings 41,032 41,197
Treasury stock, at cost; 402,267,355 and 361,000,206 shares, respectively (20,862) (18,157)
Accumulated other comprehensive income (loss) (28,695) 10,919
Total MetLife, Inc.’s stockholders’ equity 25,076 67,482
Noncontrolling interests 254 267
Total equity 25,330 67,749
Total liabilities and equity $ 650,104 $ 759,708