MetLife 2006 Annual Report Download - page 6

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2006 2005 2004 2003 2002
December 31,
(In millions)
Balance Sheet Data(1)
Assets:
Generalaccountassets............................... $383,350 $353,776 $270,039 $251,085 $217,733
Separate account assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144,365 127,869 86,769 75,756 59,693
Totalassets(2).................................... $527,715 $481,645 $356,808 $326,841 $277,426
Liabilities:
Life and health policyholder liabilities(7) . . . . . . . . . . . . . . . . . . . . . $268,741 $258,881 $193,612 $177,947 $162,986
Property and casualty policyholder liabilities(7) . . . . . . . . . . . . . . . . 3,453 3,490 3,180 2,943 2,673
Short-termdebt.................................... 1,449 1,414 1,445 3,642 1,161
Long-termdebt .................................... 9,979 9,489 7,412 5,703 4,411
Juniorsubordinateddebtsecurities ....................... 3,780 2,533 — — —
Payables for collateral under securities loaned and other
transactions..................................... 45,846 34,515 28,678 27,083 17,862
Other........................................... 16,304 14,353 12,888 12,618 9,990
Separate account liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144,365 127,869 86,769 75,756 59,693
Total liabilities(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 493,917 452,544 333,984 305,692 258,776
Company-obligated mandatorily redeemable securities of subsidiary
trusts.........................................————1,265
Stockholders’ Equity
Preferredstock,atparvalue............................ 1 1 — — —
Commonstock,atparvalue............................88888
Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17,454 17,274 15,037 14,991 14,968
Retainedearnings................................... 16,574 10,865 6,608 4,193 2,807
Treasurystock,atcost................................ (1,357) (959) (1,785) (835) (2,405)
Accumulated other comprehensive income(8) . . . . . . . . . . . . . . . . . 1,118 1,912 2,956 2,792 2,007
Totalstockholders’equity............................. 33,798 29,101 22,824 21,149 17,385
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . . . . $527,715 $481,645 $356,808 $326,841 $277,426
2006 2005 2004 2003 2002
Years Ended December 31,
Other Data(1)
Netincomeavailabletocommonshareholders......................... $6,159 $4,651 $2,758 $2,196 $1,605
Returnoncommonequity(9) .................................... 21.9% 18.5% 12.5% 11.4% 9.6%
Return on common equity, excluding accumulated other comprehensive income . . . 22.6% 20.4% 14.4% 13.0% 10.8%
EPS Data(1)
Income from Continuing Operations Available to Common Shareholders Per
Common Share
Basic ................................................... $ 3.90 $ 4.03 $ 3.43 $ 2.38 $ 1.40
Diluted .................................................. $ 3.85 $ 3.99 $ 3.41 $ 2.34 $ 1.35
Income (loss) from Discontinued Operations Per Common Share
Basic ................................................... $ 4.19 $ 2.18 $ 0.35 $ 0.63 $ 0.88
Diluted .................................................. $ 4.14 $ 2.17 $ 0.35 $ 0.63 $ 0.85
Cumulative Effect of a Change in Accounting Per Common Share(6)
Basic ................................................... $ — $ — $(0.11) $(0.04) $ —
Diluted .................................................. $ — $ — $(0.11) $(0.03) $ —
Net Income Available to Common Shareholders Per Common Share
Basic ................................................... $ 8.09 $ 6.21 $ 3.67 $ 2.97 $ 2.28
Diluted .................................................. $ 7.99 $ 6.16 $ 3.65 $ 2.94 $ 2.20
Dividends Declared Per Common Share ........................... $ 0.59 $ 0.52 $ 0.46 $ 0.23 $ 0.21
(1) On July 1, 2005, the Holding Company acquired Travelers. The 2005 selected financial data includes total revenues and total expenses of
$1,009 million and $618 million, respectively, from the date of the acquisition. See “Management’s Discussion and Analysis of Financial
Condition and Results of Operations — Acquisitions and Dispositions.”
(2) Discontinued Operations:
Real Estate
In accordance with Statement of Financial Accounting Standards (“SFAS”) No. 144, Accounting for the Impairment or Disposal of
Long-Lived Assets (“SFAS 144”), income related to real estate sold or classified as held-for-sale for transactions initiated on or after
3MetLife, Inc.