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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $113 and $184, respectively); and amortized cost: $300,623 and $300,555, respectively $ 278,409 $ 281,412
Equity securities 750 757
Contractholder-directed equity securities and fair value option securities, at estimated fair value 10,313 10,331
Mortgage loans (net of allowance for credit loss of $814 and $721, respectively) 91,458 92,506
Policy loans 8,800 8,788
Real estate and real estate joint ventures (includes $328 and $317, respectively, under the fair value option) 12,992 13,332
Other limited partnership interests 14,301 14,764
Short-term investments, principally at estimated fair value 4,884 6,045
Other invested assets (includes $1,843 and $1,993, respectively, of leveraged and direct financing leases; $432 and $333, respectively, relating to variable interest entities) 18,097 18,202
Total investments 440,004 446,137
Cash and cash equivalents, principally at estimated fair value 19,840 20,639
Accrued investment income 3,636 3,589
Premiums, reinsurance and other receivables 29,986 28,971
Market risk benefits 351 286
Deferred policy acquisition costs and value of business acquired 19,842 20,151
Current income tax recoverable 0 190
Deferred income tax asset 2,751 2,612
Goodwill 9,037 9,236
Other assets 11,126 11,139
Separate account assets 141,003 144,634
Total assets 677,576 687,584
Liabilities    
Future policy benefits 191,013 196,406
Policyholder account balances 219,168 219,269
Market risk benefits 2,696 3,179
Other policy-related balances 20,219 19,736
Policyholder dividends payable 357 386
Payables for collateral under securities loaned and other transactions 17,470 17,524
Short-term debt 127 119
Long-term debt (includes $26 and $0, respectively, relating to variable interest entities) 15,972 15,548
Collateral financing arrangement 590 637
Junior subordinated debt securities 3,162 3,161
Current income tax payable 10 0
Deferred income tax liability 835 927
Other liabilities 36,158 35,805
Separate account liabilities 141,003 144,634
Total liabilities 648,780 657,331
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; 1,193,562,132 and 1,191,823,651 shares issued, respectively; 715,661,353 and 730,821,111 shares outstanding, respectively 12 12
Additional paid-in capital 33,718 33,690
Retained earnings 40,350 40,146
Treasury stock, at cost; 477,900,779 and 461,002,540 shares, respectively (25,774) (24,591)
Accumulated other comprehensive income (loss) (19,771) (19,242)
Total MetLife, Inc.’s stockholders’ equity 28,535 30,015
Noncontrolling interests 261 238
Total equity 28,796 30,253
Total liabilities and equity $ 677,576 $ 687,584