MetLife 2006 Annual Report Download - page 85

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METLIFE, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2006 AND 2005
(In millions, except share and per share data)
2006 2005
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $238,315 and
$223,926, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $243,428 $230,050
Trading securities, at fair value (cost: $727 and $830, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 759 825
Equity securities available-for-sale, at estimated fair value (cost: $4,586 and $3,084, respectively) . . . . . . . . 5,131 3,338
Mortgageandconsumerloans.................................................... 42,239 37,190
Policyloans................................................................ 10,228 9,981
Realestateandrealestatejointventuresheld-for-investment................................ 4,979 3,910
Realestateheld-for-sale........................................................ 7 755
Otherlimitedpartnershipinterests.................................................. 4,781 4,276
Short-terminvestments ........................................................ 2,709 3,306
Otherinvestedassets ......................................................... 10,428 8,078
Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 324,689 301,709
Cashandcashequivalents ....................................................... 7,107 4,018
Accruedinvestmentincome....................................................... 3,347 3,036
Premiumsandotherreceivables .................................................... 14,490 12,186
Deferredpolicyacquisitioncostsandvalueofbusinessacquired............................... 20,851 19,641
Goodwill.................................................................... 4,897 4,797
Otherassets................................................................. 7,969 8,389
Separate account assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144,365 127,869
Totalassets............................................................ $527,715 $481,645
Liabilities and Stockholders’ Equity
Liabilities:
Futurepolicybenefits.......................................................... $127,489 $123,204
Policyholder account balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 133,543 128,312
Otherpolicyholderfunds........................................................ 9,139 8,331
Policyholderdividendspayable.................................................... 960 917
Policyholderdividendobligation................................................... 1,063 1,607
Short-termdebt ............................................................. 1,449 1,414
Long-termdebt.............................................................. 9,979 9,489
Juniorsubordinateddebtsecurities................................................. 3,780 2,533
Sharessubjecttomandatoryredemption............................................. 278 278
Currentincometaxpayable...................................................... 1,465 69
Deferredincometaxliability...................................................... 2,278 1,706
Payablesforcollateralundersecuritiesloanedandothertransactions .......................... 45,846 34,515
Otherliabilities .............................................................. 12,283 12,300
Separate account liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 144,365 127,869
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 493,917 452,544
Contingencies, Commitments and Guarantees (Note 15)
Stockholders’ Equity:
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized; 84,000,000 shares issued and
outstanding$2,100aggregateliquidationpreference ..................................... 1 1
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 786,766,664 shares issued;
751,984,799 and 757,537,064 shares outstanding at December 31, 2006 and 2005, respectively. . . . . . . . 8 8
Additionalpaid-incapital......................................................... 17,454 17,274
Retainedearnings ............................................................. 16,574 10,865
Treasury stock, at cost; 34,781,865 shares and 29,229,600 shares at December 31, 2006 and 2005,
respectively................................................................ (1,357) (959)
Accumulatedothercomprehensiveincome ............................................. 1,118 1,912
Totalstockholders’equity...................................................... 33,798 29,101
Totalliabilitiesandstockholders’equity............................................. $527,715 $481,645
See accompanying notes to consolidated financial statements.
F-2 MetLife, Inc.