MetLife 2001 Annual Report Download - page 5

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At December 31,
2001 2000 1999 1998 1997
(Dollars in millions)
Balance Sheet Data
General account assets(1)************************************************** $194,184 $183,884 $160,291 $157,278 $154,444
Separate account assets*************************************************** 62,714 70,250 64,941 58,068 48,338
Total assets ************************************************************** $256,898 $254,134 $225,232 $215,346 $202,782
Liabilities:
Life and health policyholder liabilities(8) ************************************* $148,323 $140,012 $122,637 $122,726 $125,849
Property and casualty policyholder liabilities(8) ******************************* 2,610 2,559 2,318 1,477 1,509
Short-term debt ******************************************************** 355 1,085 4,180 3,572 4,564
Long-term debt********************************************************* 3,628 2,400 2,494 2,886 2,866
Separate account liabilities *********************************************** 62,714 70,250 64,941 58,068 48,338
Other liabilities(1) ******************************************************** 21,950 20,349 14,972 11,750 5,649
Total liabilities************************************************************* 239,580 236,655 211,542 200,479 188,775
Company-obligated mandatorily redeemable securities of subsidiary trusts********** 1,256 1,090 — — —
Equity:
Common stock, at par value********************************************** 8 8———
Additional paid-in capital(9) *********************************************** 14,966 14,926 — — —
Retained earnings(9)***************************************************** 1,349 1,021 14,100 13,483 12,140
Treasury stock, at cost*************************************************** (1,934) (613) — — —
Accumulated other comprehensive income (loss)***************************** 1,673 1,047 (410) 1,384 1,867
Total equity ************************************************************** 16,062 16,389 13,690 14,867 14,007
Total liabilities and equity *************************************************** $256,898 $254,134 $225,232 $215,346 $202,782
At or for the years ended December 31,
2001 2000 1999 1998 1997
(Dollars in millions, except per share data)
Other Data
Operating income(2)(10)******************************************** $ 906 $ 1,541 $ 990 $ 23 $ 617
Adjusted operating income(5)(10) ************************************ $ 1,273 $ 1,541 $ 1,307 $ 1,226 $ 807
Operating return on equity(11)*************************************** 6.1% 10.5% 7.2% 0.2% 5.3%
Adjusted operating return on equity(12) ******************************* 8.6% 10.5% 9.5% 9.6% 7.0%
Return on equity(13)*********************************************** 3.2% 6.5% 4.5% 10.5% 10.4%
Operating cash flows ********************************************** $ 4,799 $ 1,299 $ 3,883 $ 842 $ 2,872
Total assets under management(14)********************************** $282,414 $301,297 $373,612 $360,703 $338,731
Statutory Data(15)
Premiums and deposits ******************************************** $ 19,982 $ 23,536 $ 24,642 $ 22,722 $ 20,569
Net income ****************************************************** $ 2,782 $ 1,027 $ 789 $ 875 $ 589
Policyholder surplus *********************************************** $ 5,358 $ 7,208 $ 7,630 $ 7,388 $ 7,378
Asset valuation reserve ******************************************** $ 3,650 $ 3,205 $ 3,109 $ 3,323 $ 3,814
Earnings per Share Data(16)
Basic earnings per share ******************************************* $ 0.64 $ 1.52 N/A N/A N/A
Diluted earnings per share****************************************** $ 0.62 $ 1.49 N/A N/A N/A
Adjusted Operating Earnings Per Share Data(17)
Basic earnings per share ******************************************* $ 1.72 $ 1.99 N/A N/A N/A
Diluted earnings per share****************************************** $ 1.67 $ 1.96 N/A N/A N/A
Dividends paid per share****************************************** $ 0.20 $ 0.20 N/A N/A N/A
MetLife, Inc.
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