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Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $162 and $184, respectively); and amortized cost: $309,406 and $300,555, respectively $ 293,779 $ 281,412
Equity securities 746 757
Contractholder-directed equity securities and fair value option securities, at estimated fair value 9,289 10,331
Mortgage loans (net of allowance for credit loss of $847 and $721, respectively) 90,415 92,506
Policy loans 8,822 8,788
Real estate and real estate joint ventures (includes $380 and $317, respectively, under the fair value option; $59 and $0, respectively, of real estate held-for-sale; $230 and $0, respectively, relating to variable interest entities) 13,731 13,332
Other limited partnership interests 14,186 14,764
Short-term investments, principally at estimated fair value 4,609 6,045
Other invested assets (includes $1,949 and $1,993, respectively, of leveraged and direct financing leases; $472 and $333, respectively, relating to variable interest entities) 19,706 18,202
Total investments 455,283 446,137
Cash and cash equivalents, principally at estimated fair value 21,765 20,639
Accrued investment income 3,722 3,589
Premiums, reinsurance and other receivables 31,443 28,971
Market risk benefits, at estimated fair value 310 286
Deferred policy acquisition costs and value of business acquired 20,401 20,151
Current income tax recoverable 304 190
Deferred income tax asset 2,469 2,612
Goodwill 9,155 9,236
Other assets 11,315 11,139
Separate account assets 148,809 144,634
Total assets 704,976 687,584
Liabilities    
Future policy benefits 201,340 196,406
Policyholder account balances 224,609 219,269
Market risk benefits, at estimated fair value 3,117 3,179
Other policy-related balances 19,932 19,736
Policyholder dividends payable 381 386
Payables for collateral under securities loaned and other transactions 17,132 17,524
Short-term debt (includes $132 and $0, respectively, relating to variable interest entities) 404 119
Long-term debt 15,278 15,548
Collateral financing arrangement 529 637
Junior subordinated debt securities 3,163 3,161
Deferred income tax liability 956 927
Other liabilities (includes $25 and $0, respectively, relating to variable interest entities) 38,162 35,805
Separate account liabilities 148,809 144,634
Total liabilities 673,812 657,331
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; 1,194,027,818 and 1,191,823,651 shares issued, respectively; 693,651,782 and 730,821,111 shares outstanding, respectively 12 12
Additional paid-in capital 33,766 33,690
Retained earnings 41,765 40,146
Treasury stock, at cost; 500,376,036 and 461,002,540 shares, respectively (27,418) (24,591)
Accumulated other comprehensive income (loss) (17,240) (19,242)
Total MetLife, Inc.’s stockholders’ equity 30,885 30,015
Noncontrolling interests 279 238
Total equity 31,164 30,253
Total liabilities and equity $ 704,976 $ 687,584