MetLife 2000 Annual Report Download - page 36

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METLIFE, INC.
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
FOR THE YEARS ENDED DECEMBER 31, 2000, 1999 and 1998
(Dollars in millions)
Accumulated Other
Comprehensive Income (Loss)
Net Foreign Minimum
Additional Treasury Unrealized Currency Pension
Common Paid-in Retained Stock Investment Translation Liability
Stock Capital Earnings at Cost Gains (Losses) Adjustment Adjustment Total
Balance at January 1, 1998**************************** $— $ — $ 12,140 $ — $ 1,898 $ (31) $ — $14,007
Comprehensive income:
Net income *************************************** 1,343 1,343
Other comprehensive loss:
Unrealized investment losses, net of related offsets,
reclassification adjustments and income taxes******* (358) (358)
Foreign currency translation adjustments ************* (113) (113)
Minimum pension liability adjustment***************** (12) (12)
Other comprehensive loss ************************* (483)
Comprehensive income ***************************** 860
Balance at December 31, 1998 ************************ — — 13,483 — 1,540 (144) (12) 14,867
Comprehensive loss:
Net income *************************************** 617 617
Other comprehensive loss:
Unrealized investment losses, net of related offsets,
reclassification adjustments and income taxes******* (1,837) (1,837)
Foreign currency translation adjustments ************* 50 50
Minimum pension liability adjustment***************** (7) (7)
Other comprehensive loss ************************* (1,794)
Comprehensive loss ******************************** (1,177)
Balance at December 31, 1999 ************************ — — 14,100 — (297) (94) (19) 13,690
Policy credits and cash payments to eligible policyholders ** (2,958) (2,958)
Common stock issued in demutualization **************** 5 10,917 (10,922) —
Initial public offering of common stock ******************* 2 3,152 3,154
Private placement of common stock********************* 1 854 855
Unit offering ***************************************** 33
Treasury stock acquired ******************************* (613) (613)
Dividends on common stock *************************** (152) (152)
Comprehensive income:
Net loss before date of demutualization **************** (220) (220)
Net income after date of demutualization *************** 1,173 1,173
Other comprehensive income:
Unrealized investment gains, net of related offsets,
reclassification adjustments and income taxes******* 1,472 1,472
Foreign currency translation adjustments ************* (6) (6)
Minimum pension liability adjustment***************** (9) (9)
Other comprehensive income ********************** 1,457
Comprehensive income ******************************* 2,410
Balance at December 31, 2000 ************************ $ 8 $14,926 $ 1,021 $(613) $ 1,175 $(100) $(28) $16,389
See accompanying notes to consolidated financial statements.
MetLife, Inc. F-5