MetLife 2002 Annual Report Download - page 6

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At December 31,
2002 2001 2000 1999 1998
(Dollars in millions)
Balance Sheet Data
Assets:
General account assets************************************************** $217,692 $194,256 $183,912 $160,291 $157,278
Separate account assets************************************************* 59,693 62,714 70,250 64,941 58,068
Total assets ********************************************************** $277,385 $256,970 $254,162 $225,232 $215,346
Liabilities:
Life and health policyholder liabilities(8) ************************************* $162,569 $148,395 $140,040 $122,637 $122,726
Property and casualty policyholder liabilities(8) ******************************* 2,673 2,610 2,559 2,318 1,477
Short-term debt ******************************************************** 1,161 355 1,085 4,180 3,572
Long-term debt********************************************************* 4,425 3,628 2,400 2,494 2,886
Separate account liabilities *********************************************** 59,693 62,714 70,250 64,941 58,068
Other liabilities ********************************************************** 28,214 21,950 20,349 14,972 11,750
Total liabilities********************************************************* 258,735 239,652 236,683 211,542 200,479
Company-obligated mandatorily redeemable securities of subsidiary trusts********** 1,265 1,256 1,090 — —
Stockholders’ Equity:
Common stock, at par value(9)******************************************** 888——
Additional paid-in capital(9) *********************************************** 14,968 14,966 14,926 — —
Retained earnings(9)***************************************************** 2,807 1,349 1,021 14,100 13,483
Treasury stock, at cost(9)************************************************* (2,405) (1,934) (613) — —
Accumulated other comprehensive income (loss)******************************* 2,007 1,673 1,047 (410) 1,384
Total stockholders’ equity*********************************************** 17,385 16,062 16,389 13,690 14,867
Total liabilities and stockholders’ equity *********************************** $277,385 $256,970 $254,162 $225,232 $215,346
At or for the Years Ended December 31,
2002 2001 2000 1999 1998
(Dollars in millions, except per share data)
Other Data
Net income ****************************************************** $ 1,605 $ 473 $ 953 $ 617 $ 1,343
Return on equity(10)*********************************************** 10.8% 3.2% 6.5% 4.5% 9.4%
Total assets under management(11)********************************** $299,166 $282,486 $301,325 $373,612 $360,703
Income from Continuing Operations Per Share Data(12)
Basic earnings per share ******************************************* $ 1.64 $ 0.52 $ 1.44 N/A N/A
Diluted earnings per share****************************************** $ 1.58 $ 0.51 $ 1.41 N/A N/A
Income from Discontinued Operations Per Share Data(12)
Basic earnings per share ******************************************* $ 0.64 $ 0.12 $ 0.08 N/A N/A
Diluted earnings per share****************************************** $ 0.62 $ 0.11 $ 0.08 N/A N/A
Net Income Per Share Data(12)
Basic earnings per share ******************************************* $ 2.28 $ 0.64 $ 1.52 N/A N/A
Diluted earnings per share****************************************** $ 2.20 $ 0.62 $ 1.49 N/A N/A
Dividends Declared Per Share ************************************* $ 0.21 $ 0.20 $ 0.20 N/A N/A
(1) In accordance with Statement of Financial Accounting Standards (‘‘SFAS’’) No. 144, Accounting for the Impairment or Disposal of Long-Lived
Assets, income related to real estate sold or classified as held-for-sale for transactions initiated on or after January 1, 2002 is presented as
discontinued operations. The following table presents the components of income from discontinued operations:
For the Years Ended December 31,
2002 2001 2000 1999 1998
(Dollars in millions)
Net investment income ***************************************** $ 124 $ 125 $ 121 $ 100 $ 106
Net investment gains ******************************************* 582 — — — —
Total revenues ********************************************** 706 125 121 100 106
Provision for income taxes ************************************** 256 39 42 36 39
Income from discontinued operations *************************** $ 450 $ 86 $ 79 $ 64 $ 67
MetLife, Inc.
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