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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $193 and $183, respectively); and amortized cost: $304,962 and $306,025, respectively $ 283,854 $ 276,780
Equity securities 1,695 1,684
Contractholder-directed equity securities and fair value option securities, at estimated fair value 10,063 9,668
Mortgage loans (1) 85,572 83,763
Policy loans 8,863 8,874
Real estate and real estate joint ventures (includes $294 and $299, respectively, under the fair value option) 13,155 13,137
Other limited partnership interests 14,437 14,414
Short-term investments, principally at estimated fair value 4,184 4,935
Other invested assets (net of allowance for credit loss of $25 and $26, respectively; includes $2,050 and $1,926, respectively, of leveraged and direct financing leases; $333 and $326, respectively, relating to variable interest entities) 19,479 20,038
Total investments 441,302 433,293
Cash and cash equivalents, principally at estimated fair value 18,456 20,195
Accrued investment income 3,554 3,446
Premiums, reinsurance and other receivables 18,692 17,364
Market risk benefits 227 280
Deferred policy acquisition costs and value of business acquired 19,976 19,653
Current income tax recoverable 0 42
Goodwill 9,379 9,297
Deferred Income Tax Assets, Net 2,257 2,439
Other assets 12,006 11,025
Separate account assets 148,417 146,038
Total assets 674,266 663,072
Liabilities    
Future policy benefits 191,741 187,222
Policyholder account balances 212,569 210,597
Market risk benefits 3,869 3,763
Other policy-related balances 19,598 18,424
Policyholder dividends payable 356 387
Payables for collateral under securities loaned and other transactions 19,863 20,937
Short-term debt 168 175
Long-term debt 14,622 14,647
Collateral financing arrangement 704 716
Junior subordinated debt securities 3,159 3,158
Current income tax payable 554 0
Deferred income tax liability 1,111 950
Other liabilities 25,112 25,933
Separate account liabilities 148,417 146,038
Total liabilities 641,843 632,947
Contingencies, Commitments and Guarantees (Note 18)
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; 1,191,525,076 and 1,189,831,471 shares issued, respectively; 769,179,074 and 779,098,414 shares outstanding, respectively 12 12
Additional paid-in capital 33,617 33,616
Retained earnings 39,957 40,332
Treasury stock, at cost; 422,346,002 and 410,733,057 shares, respectively (22,245) (21,458)
Accumulated other comprehensive income (loss) (19,147) (22,621)
Total MetLife, Inc.’s stockholders’ equity 32,194 29,881
Noncontrolling interests 229 244
Total equity 32,423 30,125
Total liabilities and equity $ 674,266 $ 663,072