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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $197 and $183, respectively); and amortized cost: $307,045 and $306,025, respectively $ 283,857 $ 276,780
Equity securities 769 1,684
Contractholder-directed equity securities and fair value option securities, at estimated fair value 10,204 9,668
Mortgage loans (net of allowance for credit loss of $724 and $527, respectively) 92,986 83,763
Policy loans 8,788 8,874
Real estate and real estate joint ventures (includes $310 and $299, respectively, under the fair value option) 13,045 13,137
Other limited partnership interests 14,722 14,414
Short-term investments, principally at estimated fair value 6,921 4,935
Other invested assets (net of allowance for credit loss of $21 and $26, respectively; includes $2,088 and $1,926, respectively, of leveraged and direct financing leases; $338 and $326, respectively, relating to variable interest entities) 19,656 20,038
Total investments 450,948 433,293
Cash and cash equivalents, principally at estimated fair value 15,417 20,195
Accrued investment income 3,505 3,446
Premiums, reinsurance and other receivables 18,530 17,364
Market risk benefits 279 280
Deferred policy acquisition costs and value of business acquired 19,850 19,653
Current income tax recoverable 189 42
Deferred income tax asset 2,377 2,439
Goodwill 9,261 9,297
Other assets 10,977 11,025
Separate account assets 145,946 146,038
Total assets 677,279 663,072
Liabilities    
Future policy benefits 190,474 187,222
Policyholder account balances 214,413 210,597
Market risk benefits 3,259 3,763
Other policy-related balances 19,642 18,424
Policyholder dividends payable 366 387
Payables for collateral under securities loaned and other transactions 18,806 20,937
Short-term debt 200 175
Long-term debt 14,539 14,647
Collateral financing arrangement 675 716
Junior subordinated debt securities 3,160 3,158
Deferred income tax liability 752 950
Other liabilities 34,555 25,933
Separate account liabilities 145,946 146,038
Total liabilities 646,787 632,947
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; 1,191,608,802 and 1,189,831,471 shares issued, respectively; 757,210,115 and 779,098,414 shares outstanding, respectively 12 12
Additional paid-in capital 33,630 33,616
Retained earnings 39,928 40,332
Treasury stock, at cost; 434,398,687 and 410,733,057 shares, respectively (22,923) (21,458)
Accumulated other comprehensive income (loss) (20,386) (22,621)
Total MetLife, Inc.’s stockholders’ equity 30,261 29,881
Noncontrolling interests 231 244
Total equity 30,492 30,125
Total liabilities and equity $ 677,279 $ 663,072