MetLife 2000 Annual Report Download - page 34

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METLIFE, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2000 and 1999
(Dollars in millions)
2000 1999
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value ************************************************************** $112,979 $ 96,981
Equity securities, at fair value **************************************************************************** 2,193 2,006
Mortgage loans on real estate**************************************************************************** 21,951 19,739
Real estate and real estate joint ventures ****************************************************************** 5,504 5,649
Policy loans ******************************************************************************************* 8,158 5,598
Other limited partnership interests************************************************************************* 1,652 1,331
Short-term investments ********************************************************************************* 1,269 3,055
Other invested assets ********************************************************************************** 2,821 1,501
Total investments ******************************************************************************** 156,527 135,860
Cash and cash equivalents ******************************************************************************** 3,434 2,789
Accrued investment income ******************************************************************************* 2,050 1,725
Premiums and other receivables**************************************************************************** 8,343 6,681
Deferred policy acquisition costs *************************************************************************** 10,618 9,070
Deferred income taxes ************************************************************************************ — 603
Other assets ******************************************************************************************** 3,796 3,563
Separate account assets********************************************************************************** 70,250 64,941
Total assets ************************************************************************************* $255,018 $225,232
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits *********************************************************************************** $ 81,974 $ 73,582
Policyholder account balances *************************************************************************** 54,309 45,901
Other policyholder funds ******************************************************************************** 5,705 4,498
Policyholder dividends payable *************************************************************************** 1,082 974
Policyholder dividend obligation*************************************************************************** 385 —
Short-term debt *************************************************************************************** 1,094 4,208
Long-term debt **************************************************************************************** 2,426 2,514
Current income taxes payable**************************************************************************** 112 548
Deferred income taxes payable*************************************************************************** 752 —
Payables under securities loaned transactions ************************************************************** 12,301 6,461
Other liabilities ***************************************************************************************** 7,149 7,915
Separate account liabilities******************************************************************************* 70,250 64,941
Total liabilities************************************************************************************ 237,539 211,542
Commitments and contingencies (Note 10)
Company-obligated mandatorily redeemable securities of subsidiary trusts***************************************** 1,090 —
Stockholders’ Equity:
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; none issued ************************* ——
Series A junior participating preferred stock***************************************************************** ——
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 786,766,664 shares issued;
760,681,913 shares outstanding************************************************************************ 8—
Additional paid-in capital ******************************************************************************** 14,926 —
Retained earnings************************************************************************************** 1,021 14,100
Treasury stock, at cost; 26,084,751 shares **************************************************************** (613) —
Accumulated other comprehensive income (loss)************************************************************ 1,047 (410)
Total stockholders’ equity************************************************************************** 16,389 13,690
Total liabilities and stockholders’ equity ************************************************************** $255,018 $225,232
See accompanying notes to consolidated financial statements.
MetLife, Inc. F-3