MetLife 2005 Annual Report Download - page 64

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METLIFE, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2005 AND 2004
(In millions, except share and per share data)
2005 2004
ASSETS
Investments:
Fixed maturities available-for-sale, at fair value (amortized cost: $223,926 and $166,611, respectively) *************** $230,050 $176,377
Trading securities, at fair value (cost: $830 and $0, respectively)*********************************************** 825 —
Equity securities available-for-sale, at fair value (cost: $3,084 and $1,913, respectively)**************************** 3,338 2,188
Mortgage and consumer loans *************************************************************************** 37,190 32,406
Policy loans ******************************************************************************************* 9,981 8,899
Real estate and real estate joint ventures held-for-investment************************************************** 4,665 3,076
Real estate held-for-sale ******************************************************************************** — 1,157
Other limited partnership interests************************************************************************* 4,276 2,907
Short-term investments ********************************************************************************* 3,306 2,662
Other invested assets ********************************************************************************** 8,078 5,295
Total investments ******************************************************************************** 301,709 234,967
Cash and cash equivalents ******************************************************************************** 4,018 4,048
Accrued investment income ******************************************************************************* 3,036 2,338
Premiums and other receivables**************************************************************************** 12,186 6,695
Deferred policy acquisition costs and value of business acquired ************************************************ 19,641 14,327
Assets of subsidiaries held-for-sale ************************************************************************* — 410
Goodwill************************************************************************************************ 4,797 633
Other assets ******************************************************************************************** 8,389 6,621
Separate account assets********************************************************************************** 127,869 86,769
Total assets ************************************************************************************* $481,645 $356,808
LIABILITIES AND STOCKHOLDERS’ EQUITY
Liabilities:
Future policy benefits *********************************************************************************** $123,204 $100,154
Policyholder account balances *************************************************************************** 128,312 86,246
Other policyholder funds ******************************************************************************** 8,331 7,251
Policyholder dividends payable *************************************************************************** 917 898
Policyholder dividend obligation*************************************************************************** 1,607 2,243
Short-term debt *************************************************************************************** 1,414 1,445
Long-term debt **************************************************************************************** 9,888 7,412
Junior subordinated debt securities underlying common equity units******************************************** 2,134 —
Shares subject to mandatory redemption ****************************************************************** 278 278
Liabilities of subsidiaries held-for-sale********************************************************************** — 268
Current income taxes payable**************************************************************************** 69 421
Deferred income taxes payable*************************************************************************** 1,706 2,473
Payables for collateral under securities loaned and other transactions******************************************* 34,515 28,678
Other liabilities ***************************************************************************************** 12,300 9,448
Separate account liabilities******************************************************************************* 127,869 86,769
Total liabilities************************************************************************************ 452,544 333,984
Stockholders’ Equity:
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 84,000,000 shares issued and outstanding
at December 31, 2005; none issued and outstanding at December 31, 2004; $2,100 aggregate liquidation preference 1 —
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 786,766,664 shares issued at
December 31, 2005 and 2004; 757,537,064 shares and 732,487,999 shares outstanding at December 31, 2005
and 2004, respectively********************************************************************************** 88
Additional paid-in capital ********************************************************************************** 17,274 15,037
Retained earnings**************************************************************************************** 10,865 6,608
Treasury stock, at cost; 29,229,600 shares and 54,278,665 shares at December 31, 2005 and 2004, respectively ***** (959) (1,785)
Accumulated other comprehensive income******************************************************************* 1,912 2,956
Total stockholders’ equity************************************************************************** 29,101 22,824
Total liabilities and stockholders’ equity ************************************************************** $481,645 $356,808
See accompanying notes to consolidated financial statements.
MetLife, Inc.
F-2