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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $121 and $184, respectively); and amortized cost: $303,191 and $300,555, respectively $ 277,736 $ 281,412
Equity securities 754 757
Contractholder-directed equity securities and fair value option securities, at estimated fair value 10,106 10,331
Mortgage loans (net of allowance for credit loss of $806 and $721, respectively) 89,802 92,506
Policy loans 8,691 8,788
Real estate and real estate joint ventures (includes $321 and $317, respectively, under the fair value option; $34 and $0, respectively, of real estate held-for-sale; $210 and $0, respectively, relating to variable interest entities) 13,517 13,332
Other limited partnership interests 14,288 14,764
Short-term investments, principally at estimated fair value 3,804 6,045
Other invested assets (includes $1,863 and $1,993, respectively, of leveraged and direct financing leases; $429 and $333, respectively, relating to variable interest entities) 18,131 18,202
Total investments 436,829 446,137
Cash and cash equivalents, principally at estimated fair value 20,786 20,639
Accrued investment income 3,657 3,589
Premiums, reinsurance and other receivables 31,820 28,971
Market risk benefits, at estimated fair value 356 286
Deferred policy acquisition costs and value of business acquired 19,568 20,151
Current income tax recoverable 348 190
Deferred income tax asset 2,681 2,612
Goodwill 8,950 9,236
Other assets 11,043 11,139
Separate account assets 139,707 144,634
Total assets 675,745 687,584
Liabilities    
Future policy benefits 190,993 196,406
Policyholder account balances 219,543 219,269
Market risk benefits, at estimated fair value 2,618 3,179
Other policy-related balances 19,379 19,736
Policyholder dividends payable 365 386
Payables for collateral under securities loaned and other transactions 17,719 17,524
Short-term debt (includes $113 and $0, respectively, relating to variable interest entities) 390 119
Long-term debt 14,809 15,548
Collateral financing arrangement 555 637
Junior subordinated debt securities 3,163 3,161
Deferred income tax liability 216 927
Other liabilities 38,748 35,805
Separate account liabilities 139,707 144,634
Total liabilities 648,205 657,331
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; 1,193,636,489 and 1,191,823,651 shares issued, respectively; 703,760,956 and 730,821,111 shares outstanding, respectively 12 12
Additional paid-in capital 33,740 33,690
Retained earnings 40,873 40,146
Treasury stock, at cost; 489,875,533 and 461,002,540 shares, respectively (26,637) (24,591)
Accumulated other comprehensive income (loss) (20,736) (19,242)
Total MetLife, Inc.’s stockholders’ equity 27,252 30,015
Noncontrolling interests 288 238
Total equity 27,540 30,253
Total liabilities and equity $ 675,745 $ 687,584