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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $160 and $184, respectively); and amortized cost: $307,421 and $300,555, respectively $ 281,043 $ 281,412
Equity securities, at estimated fair value 712 757
Contractholder-directed equity securities and fair value option securities, at estimated fair value 10,672 10,331
Mortgage loans (net of allowance for credit loss of $800 and $721, respectively) 89,012 92,506
Policy loans 8,545 8,788
Real estate and real estate joint ventures (includes $378 and $317, respectively, under the fair value option; $65 and $0, respectively, of real estate held-for-sale; $183 and $0, respectively, relating to variable interest entities) 13,342 13,332
Other limited partnership interests 14,378 14,764
Short-term investments, principally at estimated fair value 5,156 6,045
Other invested assets (net of allowance for credit loss of $0 and $23, respectively; includes $1,851 and $1,993, respectively, of leveraged and direct financing leases; $424 and $333, respectively, relating to variable interest entities) 18,504 18,202
Total investments 441,364 446,137
Cash and cash equivalents, principally at estimated fair value 20,068 20,639
Accrued investment income 3,489 3,589
Premiums, reinsurance and other receivables (includes $47 and $0, respectively, relating to variable interest entities) 29,761 28,971
Market risk benefits, at estimated fair value 372 286
Deferred policy acquisition costs and value of business acquired 19,627 20,151
Current income tax recoverable 295 190
Deferred income tax asset 2,994 2,612
Goodwill 8,901 9,236
Other assets 11,082 11,139
Separate account assets 139,504 144,634
Total assets 677,457 687,584
Liabilities    
Future policy benefits 193,646 196,406
Policyholder account balances 221,445 219,269
Market risk benefits, at estimated fair value 2,581 3,179
Other policy-related balances 18,899 19,736
Policyholder dividends payable 385 386
Payables for collateral under securities loaned and other transactions 17,128 17,524
Short-term debt (includes $133 and $0, respectively, relating to variable interest entities) 465 119
Long-term debt 15,086 15,548
Collateral financing arrangement 476 637
Junior subordinated debt securities 3,164 3,161
Deferred income tax liability 132 927
Other liabilities 36,843 35,805
Separate account liabilities 139,504 144,634
Total liabilities 649,754 657,331
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; 1,194,168,628 and 1,191,823,651 shares issued, respectively; 689,211,065 and 730,821,111 shares outstanding, respectively 12 12
Additional paid-in capital 33,791 33,690
Retained earnings 42,626 40,146
Treasury stock, at cost; 504,957,563 and 461,002,540 shares, respectively (27,798) (24,591)
Accumulated other comprehensive income (loss) (21,186) (19,242)
Total MetLife, Inc.’s stockholders’ equity 27,445 30,015
Noncontrolling interests 258 238
Total equity 27,703 30,253
Total liabilities and equity $ 677,457 $ 687,584