MetLife 2004 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2004 MetLife annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 101

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101

METLIFE, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2004 AND 2003
(Dollars in millions, except share and per share data)
2004 2003
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost: $166,996 and $158,333, respectively) *************** $176,763 $167,752
Equity securities, at fair value (cost: $1,913 and $1,215, respectively) ****************************************** 2,188 1,584
Mortgage and other loans ******************************************************************************* 32,406 26,249
Policy loans ******************************************************************************************* 8,899 8,749
Real estate and real estate joint ventures held-for-investment************************************************** 3,981 3,507
Real estate held-for-sale ******************************************************************************** 252 1,170
Other limited partnership interests************************************************************************* 2,907 2,600
Short-term investments ********************************************************************************* 2,663 1,809
Other invested assets ********************************************************************************** 4,926 4,637
Total investments ******************************************************************************** 234,985 218,057
Cash and cash equivalents ******************************************************************************** 4,051 3,683
Accrued investment income ******************************************************************************* 2,338 2,186
Premiums and other receivables**************************************************************************** 6,696 7,024
Deferred policy acquisition costs *************************************************************************** 14,336 12,943
Assets of subsidiaries held-for-sale ************************************************************************* 379 183
Other assets ******************************************************************************************** 7,254 7,009
Separate account assets********************************************************************************** 86,769 75,756
Total assets ************************************************************************************* $356,808 $326,841
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits *********************************************************************************** $100,159 $ 94,148
Policyholder account balances *************************************************************************** 83,570 75,901
Other policyholder funds ******************************************************************************** 6,984 6,343
Policyholder dividends payable *************************************************************************** 1,071 1,049
Policyholder dividend obligation*************************************************************************** 2,243 2,130
Short-term debt *************************************************************************************** 1,445 3,642
Long-term debt **************************************************************************************** 7,412 5,703
Shares subject to mandatory redemption ****************************************************************** 278 277
Liabilities of subsidiaries held-for-sale********************************************************************** 240 70
Current income taxes payable**************************************************************************** 421 651
Deferred income taxes payable*************************************************************************** 2,473 2,397
Payables under securities loaned transactions ************************************************************** 28,678 27,083
Other liabilities ***************************************************************************************** 12,241 10,542
Separate account liabilities******************************************************************************* 86,769 75,756
Total liabilities************************************************************************************ 333,984 305,692
Stockholders’ Equity:
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; none issued ************************* ——
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 786,766,664 shares issued at
December 31, 2004 and 2003; 732,487,999 shares outstanding at December 31, 2004 and 757,186,137 shares
outstanding at December 31, 2003 ********************************************************************* 88
Additional paid-in capital ******************************************************************************** 15,037 14,991
Retained earnings************************************************************************************** 6,608 4,193
Treasury stock, at cost; 54,278,665 shares at December 31, 2004 and 29,580,527 shares at December 31, 2003*** (1,785) (835)
Accumulated other comprehensive income***************************************************************** 2,956 2,792
Total stockholders’ equity************************************************************************** 22,824 21,149
Total liabilities and stockholders’ equity ************************************************************** $356,808 $326,841
See accompanying notes to consolidated financial statements.
MetLife, Inc.
F-4