MetLife 2001 Annual Report Download - page 42

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METLIFE, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2001 and 2000
(Dollars in millions, except per share data)
2001 2000
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value ************************************************************** $115,398 $112,979
Equity securities, at fair value **************************************************************************** 3,063 2,193
Mortgage loans on real estate**************************************************************************** 23,621 21,951
Real estate and real estate joint ventures ****************************************************************** 5,730 5,504
Policy loans ******************************************************************************************* 8,272 8,158
Other limited partnership interests************************************************************************* 1,637 1,652
Short-term investments ********************************************************************************* 1,203 1,269
Other invested assets ********************************************************************************** 3,298 2,821
Total investments ******************************************************************************** 162,222 156,527
Cash and cash equivalents ******************************************************************************** 7,473 3,434
Accrued investment income ******************************************************************************* 2,062 2,050
Premiums and other receivables**************************************************************************** 6,437 7,459
Deferred policy acquisition costs *************************************************************************** 11,167 10,618
Other assets ******************************************************************************************** 4,823 3,796
Separate account assets********************************************************************************** 62,714 70,250
Total assets ************************************************************************************* $256,898 $254,134
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits *********************************************************************************** $ 84,924 $ 81,974
Policyholder account balances *************************************************************************** 58,923 54,095
Other policyholder funds ******************************************************************************** 5,332 5,035
Policyholder dividends payable *************************************************************************** 1,046 1,082
Policyholder dividend obligation*************************************************************************** 708 385
Short-term debt *************************************************************************************** 355 1,085
Long-term debt **************************************************************************************** 3,628 2,400
Current income taxes payable**************************************************************************** 306 112
Deferred income taxes payable*************************************************************************** 1,526 752
Payables under securities loaned transactions ************************************************************** 12,661 12,301
Other liabilities ***************************************************************************************** 7,457 7,184
Separate account liabilities******************************************************************************* 62,714 70,250
Total liabilities************************************************************************************ 239,580 236,655
Commitments and contingencies (Note 11)
Company-obligated mandatorily redeemable securities of subsidiary trusts***************************************** 1,256 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; none issued ***************************************************** ——
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 786,766,664 shares issued at
December 31, 2001 and 2000; 715,506,525 shares outstanding at December 31, 2001 and 760,681,913 shares
outstanding at December 31, 2000 ********************************************************************* 88
Additional paid-in capital ******************************************************************************** 14,966 14,926
Retained earnings************************************************************************************** 1,349 1,021
Treasury stock, at cost; 71,260,139 shares at December 31, 2001 and 26,084,751 shares at December 31, 2000*** (1,934) (613)
Accumulated other comprehensive income***************************************************************** 1,673 1,047
Total stockholders’ equity************************************************************************** 16,062 16,389
Total liabilities and stockholders’ equity ************************************************************** $256,898 $254,134
See accompanying notes to consolidated financial statements.
MetLife, Inc. F-3