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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $183 and $91, respectively); and amortized cost: $306,025 and $310,884, respectively $ 276,780 $ 340,274
Equity securities, at estimated fair value 1,684 1,269
Contractholder-directed equity securities and fair value option securities, at estimated fair value 9,668 12,142
Mortgage loans (net of allowance for credit loss of $527 and $634, respectively; includes $0 and $127, respectively, under the fair value option) 83,763 79,353
Policy loans 8,874 9,111
Real estate and real estate joint ventures (includes $299 and $240, respectively, under the fair value option and $0 and $175, respectively, of real estate held-for-sale) 13,137 12,216
Other limited partnership interests 14,414 14,625
Short-term investments, principally at estimated fair value 4,935 7,176
Other invested assets (net of allowance for credit loss of $26 and $40, respectively; includes $1,926 and $1,930, respectively, of leveraged and direct financing leases; and $326 and $351, respectively, relating to variable interest entities) 20,038 18,655
Total investments 433,293 494,821
Cash and cash equivalents, principally at estimated fair value 20,195 20,047
Accrued investment income 3,446 3,185
Premiums, reinsurance and other receivables 17,461 17,149
Deferred policy acquisition costs and value of business acquired 22,983 16,061
Current income tax recoverable 42 184
Deferred income tax assets 2,830 189
Goodwill 9,297 9,535
Assets held-for-sale 0 7,238
Other assets 11,026 11,426
Separate account assets 146,038 179,873
Total assets 666,611 759,708
Liabilities    
Future policy benefits 204,228 199,721
Policyholder account balances 203,082 203,473
Other policy-related balances 19,651 17,751
Policyholder dividends payable 387 478
Policyholder dividend obligation 0 1,682
Payables for collateral under securities loaned and other transactions 20,937 31,920
Short-term debt 175 341
Long-term debt 14,647 13,933
Collateral financing arrangement 716 766
Junior subordinated debt securities 3,158 3,156
Deferred income tax liability 325 9,693
Liabilities held-for-sale 0 6,634
Other liabilities 25,980 22,538
Separate account liabilities 146,038 179,873
Total liabilities 639,324 691,959
Contingencies, Commitments and Guarantees (Note 21)
MetLife, Inc.’s stockholders’ equity:    
Preferred stock, par value $0.01 per share; $3,905 aggregate liquidation preference 0 0
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,189,831,471 and 1,186,540,473 shares issued, respectively; 779,098,414 and 825,540,267 shares outstanding, respectively 12 12
Additional paid-in capital 33,616 33,511
Retained earnings 41,953 41,197
Treasury stock, at cost; 410,733,057 and 361,000,206 shares, respectively (21,458) (18,157)
Accumulated other comprehensive income (loss) (27,083) 10,919
Total MetLife, Inc.’s stockholders’ equity 27,040 67,482
Noncontrolling interests 247 267
Total equity 27,287 67,749
Total liabilities and equity $ 666,611 $ 759,708