MetLife 2007 Annual Report Download - page 98

MetLife, Inc.
Consolidated Balance Sheets
December 31, 2007 and 2006
(In millions, except share and per share data)
2007 2006
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $238,761 and
$236,768, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $242,242 $241,928
Equity securities available-for-sale, at estimated fair value (cost: $5,891 and $4,549, respectively) . . . . . . . . 6,050 5,094
Trading securities, at estimated fair value (cost: $768 and $727, respectively) . . . . . . . . . . . . . . . . . . . . . 779 759
Mortgageandconsumerloans.................................................... 47,030 42,239
Policyloans................................................................ 10,419 10,228
Realestateandrealestatejointventuresheld-for-investment................................ 6,597 4,802
Realestateheld-for-sale........................................................ 172 184
Otherlimitedpartnershipinterests.................................................. 6,155 4,781
Short-terminvestments ........................................................ 2,648 2,709
Otherinvestedassets ......................................................... 12,642 10,428
Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 334,734 323,152
Cashandcashequivalents ....................................................... 10,368 7,107
Accruedinvestmentincome....................................................... 3,630 3,347
Premiumsandotherreceivables .................................................... 14,607 14,490
Deferredpolicyacquisitioncostsandvalueofbusinessacquired............................... 21,521 20,838
Currentincometaxrecoverable..................................................... 303 —
Goodwill.................................................................... 4,910 4,897
Assetsofsubsidiariesheld-for-sale .................................................. — 1,563
Otherassets................................................................. 8,330 7,956
Separate account assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,159 144,365
Totalassets............................................................ $558,562 $527,715
Liabilities and Stockholders’ Equity
Liabilities:
Futurepolicybenefits.......................................................... $132,262 $127,489
Policyholder account balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 137,349 131,948
Otherpolicyholderfunds........................................................ 10,176 9,139
Policyholderdividendspayable.................................................... 994 960
Policyholderdividendobligation................................................... 789 1,063
Short-termdebt ............................................................. 667 1,449
Long-termdebt.............................................................. 9,628 9,129
Collateralfinancingarrangements.................................................. 5,732 850
Juniorsubordinateddebtsecurities................................................. 4,474 3,780
Sharessubjecttomandatoryredemption............................................. 159 278
Liabilitiesofsubsidiariesheld-for-sale ............................................... — 1,595
Currentincometaxpayable...................................................... — 1,465
Deferredincometaxliability...................................................... 2,457 2,278
Payablesforcollateralundersecuritiesloanedandothertransactions .......................... 44,136 45,846
Otherliabilities .............................................................. 14,401 12,283
Separate account liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 160,159 144,365
Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 523,383 493,917
Contingencies, Commitments and Guarantees (Note 16)
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;
729,223,440 and 751,984,799 shares outstanding at December 31, 2007 and 2006, respectively. . . . . . . . 8 8
Additionalpaid-incapital......................................................... 17,098 17,454
Retainedearnings ............................................................. 19,884 16,574
Treasury stock, at cost; 57,543,224 shares and 34,781,865 shares at December 31, 2007 and 2006,
respectively................................................................ (2,890) (1,357)
Accumulatedothercomprehensiveincome ............................................. 1,078 1,118
Totalstockholders’equity...................................................... 35,179 33,798
Totalliabilitiesandstockholders’equity............................................. $558,562 $527,715
See accompanying notes to consolidated financial statements.
F-2 MetLife, Inc.