MetLife 2008 Annual Report Download - page 125

MetLife, Inc.
Consolidated Balance Sheets
December 31, 2008 and 2007
(In millions, except share and per share data)
2008 2007
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $209,508 and $229,354,
respectively) .............................................................. $188,251 $232,336
Equity securities available-for-sale, at estimated fair value (cost: $4,131 and $5,732, respectively) . . . . . . . . 3,197 5,911
Trading securities, at estimated fair value (cost: $1,107 and $768, respectively) . . . . . . . . . . . . . . . . . . . . 946 779
Mortgage and consumer loans:
Held-for-investment, at amortized cost (net of allowances for loan losses of $304 and $197, respectively) . . . . . . . . . . . 49,352 46,149
Held-for-sale,principallyatestimatedfairvalue........................................ 2,012 5
Mortgageandconsumerloans,net.............................................. 51,364 46,154
Policyloans................................................................ 9,802 9,326
Realestateandrealestatejointventuresheld-for-investment................................ 7,585 6,728
Realestateheld-for-sale........................................................ 1 39
Otherlimitedpartnershipinterests.................................................. 6,039 6,155
Short-terminvestments ........................................................ 13,878 2,544
Otherinvestedassets ......................................................... 17,248 8,076
Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 298,311 318,048
Cashandcashequivalents ....................................................... 24,207 9,961
Accruedinvestmentincome....................................................... 3,061 3,545
Premiumsandotherreceivables .................................................... 16,973 13,373
Deferredpolicyacquisitioncostsandvalueofbusinessacquired............................... 20,144 17,810
Currentincometaxrecoverable..................................................... — 334
Deferredincometaxassets ....................................................... 4,927 —
Goodwill ................................................................... 5,008 4,814
Otherassets................................................................. 7,262 8,239
Assetsofsubsidiariesheld-for-sale .................................................. 946 22,883
Separate account assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,839 160,142
Totalassets............................................................ $501,678 $559,149
Liabilities and Stockholders’ Equity
Liabilities:
Futurepolicybenefits.......................................................... $130,555 $126,016
Policyholder account balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149,805 130,342
Otherpolicyholderfunds........................................................ 7,762 7,838
Policyholderdividendspayable ................................................... 1,023 991
Policyholderdividendobligation................................................... — 789
Short-termdebt ............................................................. 2,659 667
Long-termdebt.............................................................. 9,667 9,100
Collateralfinancingarrangements.................................................. 5,192 4,882
Juniorsubordinateddebtsecurities................................................. 3,758 4,075
Currentincometaxpayable...................................................... 342 —
Deferredincometaxliability...................................................... — 1,502
Payablesforcollateralundersecuritiesloanedandothertransactions .......................... 31,059 44,136
Otherliabilities .............................................................. 14,535 12,829
Liabilitiesofsubsidiariesheld-for-sale ............................................... 748 20,661
Separate account liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 120,839 160,142
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 477,944 523,970
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; 798,016,664 and
786,766,664 shares issued at December 31, 2008 and 2007, respectively; 793,629,070 and
729,223,440 shares outstanding at December 31, 2008 and 2007, respectively . . . . . . . . . . . . . . . . . . . 8 8
Additionalpaid-incapital......................................................... 15,811 17,098
Retainedearnings ............................................................. 22,403 19,884
Treasury stock, at cost; 4,387,594 and 57,543,224 shares at December 31, 2008 and 2007, respectively . . . . (236) (2,890)
Accumulatedothercomprehensiveincome(loss) ......................................... (14,253) 1,078
Totalstockholders’equity...................................................... 23,734 35,179
Totalliabilitiesandstockholders’equity............................................. $501,678 $559,149
See accompanying notes to the consolidated financial statements.
F-2 MetLife, Inc.