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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $184 and $183, respectively); and amortized cost: $300,555 and $306,025, respectively $ 281,412 $ 276,780
Equity securities, at estimated fair value 757 1,684
Contractholder-directed equity securities and fair value option securities, at estimated fair value 10,331 9,668
Mortgage loans (net of allowance for credit loss of $721 and $527, respectively) 92,506 83,763
Policy loans 8,788 8,874
Real estate and real estate joint ventures (includes $317 and $299, respectively, under the fair value option) 13,332 13,137
Other limited partnership interests 14,764 14,414
Short-term investments, principally at estimated fair value 6,045 4,935
Other invested assets (net of allowance for credit loss of $23 and $26, respectively; includes $1,993 and $1,926, respectively, of leveraged and direct financing leases; $333 and $326, respectively, relating to variable interest entities) 18,202 20,038
Total investments 446,137 433,293
Cash and cash equivalents, principally at estimated fair value 20,639 20,195
Accrued investment income 3,589 3,446
Premiums, reinsurance and other receivables 28,971 17,364
Market risk benefits, at estimated fair value 286 280
Deferred policy acquisition costs and value of business acquired 20,151 19,653
Current income tax recoverable 190 42
Deferred income tax asset 2,612 2,439
Goodwill 9,236 9,297
Other assets 11,139 11,025
Separate account assets 144,634 146,038
Total assets 687,584 663,072
Liabilities    
Future policy benefits 196,406 187,222
Policyholder account balances 219,269 210,597
Market risk benefits, at estimated fair value 3,179 3,763
Other policy-related balances 19,736 18,424
Policyholder dividends payable 386 387
Payables for collateral under securities loaned and other transactions 17,524 20,937
Short-term debt 119 175
Long-term debt 15,548 14,647
Collateral financing arrangement 637 716
Junior subordinated debt securities 3,161 3,158
Deferred income tax liability 927 950
Other liabilities 35,805 25,933
Separate account liabilities 144,634 146,038
Total liabilities 657,331 632,947
Contingencies, Commitments and Guarantees (Note 24)
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; 1,191,823,651 and 1,189,831,471 shares issued, respectively; 730,821,111 and 779,098,414 shares outstanding, respectively 12 12
Additional paid-in capital 33,690 33,616
Retained earnings 40,146 40,332
Treasury stock, at cost; 461,002,540 and 410,733,057 shares, respectively (24,591) (21,458)
Accumulated other comprehensive income (loss) (19,242) (22,621)
Total MetLife, Inc.’s stockholders’ equity 30,015 29,881
Noncontrolling interests 238 244
Total equity 30,253 30,125
Total liabilities and equity $ 687,584 $ 663,072