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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $182 and $183, respectively); and amortized cost: $306,181 and $306,025, respectively $ 270,982 $ 276,780
Equity securities 742 1,684
Contractholder-directed equity securities and fair value option securities, at estimated fair value 9,680 9,668
Mortgage loans (net of allowance for credit loss of $705 and $527, respectively) 92,230 83,763
Policy loans 8,725 8,874
Real estate and real estate joint ventures (includes $311 and $299, respectively, under the fair value option and $110 and $0, respectively, of real estate held-for-sale) 13,133 13,137
Other limited partnership interests 14,918 14,414
Short-term investments, principally at estimated fair value 6,497 4,935
Other invested assets (net of allowance for credit loss of $21 and $26, respectively; includes $1,985 and $1,926, respectively, of leveraged and direct financing leases; $331 and $326, respectively, relating to variable interest entities) 18,755 20,038
Total investments 435,662 433,293
Cash and cash equivalents, principally at estimated fair value 14,912 20,195
Accrued investment income 3,704 3,446
Premiums, reinsurance and other receivables 19,002 17,364
Market risk benefits 334 280
Deferred policy acquisition costs and value of business acquired 19,737 19,653
Current income tax recoverable 0 42
Deferred income tax asset 3,174 2,439
Goodwill 9,109 9,297
Other assets 10,862 11,025
Separate account assets 135,624 146,038
Total assets 652,120 663,072
Liabilities    
Future policy benefits 181,755 187,222
Policyholder account balances 213,933 210,597
Market risk benefits 2,738 3,763
Other policy-related balances 19,665 18,424
Policyholder dividends payable 381 387
Payables for collateral under securities loaned and other transactions 17,797 20,937
Short-term debt 161 175
Long-term debt 15,475 14,647
Collateral financing arrangement 651 716
Junior subordinated debt securities 3,160 3,158
Current income tax payable 59 0
Deferred income tax liability 128 950
Other liabilities 34,698 25,933
Separate account liabilities 135,624 146,038
Total liabilities 626,225 632,947
Contingencies, Commitments and Guarantees (Note 19)
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; 1,191,702,390 and 1,189,831,471 shares issued, respectively; 744,366,475 and 779,098,414 shares outstanding, respectively 12 12
Additional paid-in capital 33,666 33,616
Retained earnings 39,958 40,332
Treasury stock, at cost; 447,335,915 and 410,733,057 shares, respectively (23,724) (21,458)
Accumulated other comprehensive income (loss) (24,254) (22,621)
Total MetLife, Inc.’s stockholders’ equity 25,658 29,881
Noncontrolling interests 237 244
Total equity 25,895 30,125
Total liabilities and equity $ 652,120 $ 663,072