MetLife 2009 Annual Report Download - page 86

MetLife, Inc.
Consolidated Balance Sheets
December 31, 2009 and 2008
(In millions, except share and per share data)
2009 2008
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $229,709 and $209,508,
respectively) .............................................................. $227,642 $188,251
Equity securities available-for-sale, at estimated fair value (cost: $3,187 and $4,131, respectively) . . . . . . . . 3,084 3,197
Trading securities, at estimated fair value (cost: $2,249 and $1,107, respectively) . . . . . . . . . . . . . . . . . . 2,384 946
Mortgage loans:
Held-for-investment, at amortized cost (net of valuation allowances of $721 and $304, respectively) . . . . . 48,181 49,352
Held-for-sale,principallyatestimatedfairvalue........................................ 2,728 2,012
Mortgageloans,net........................................................ 50,909 51,364
Policyloans................................................................ 10,061 9,802
Realestateandrealestatejointventuresheld-for-investment................................ 6,852 7,535
Realestateheld-for-sale........................................................ 44 51
Otherlimitedpartnershipinterests.................................................. 5,508 6,039
Short-terminvestments ........................................................ 8,374 13,878
Otherinvestedassets ......................................................... 12,709 17,248
Total investments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 327,567 298,311
Cashandcashequivalents ....................................................... 10,112 24,207
Accruedinvestmentincome....................................................... 3,173 3,061
Premiumsandotherreceivables .................................................... 16,752 16,973
Deferredpolicyacquisitioncostsandvalueofbusinessacquired............................... 19,256 20,144
Currentincometaxrecoverable..................................................... 316 —
Deferredincometaxassets ....................................................... 1,228 4,927
Goodwill ................................................................... 5,047 5,008
Otherassets................................................................. 6,822 7,262
Assetsofsubsidiariesheld-for-sale .................................................. — 946
Separate account assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149,041 120,839
Totalassets .............................................................. $539,314 $501,678
Liabilities and Stockholders’ Equity
Liabilities:
Futurepolicybenefits.......................................................... $135,879 $130,555
Policyholder account balances . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,673 142,921
Otherpolicyholderfunds........................................................ 8,446 7,762
Policyholderdividendspayable ................................................... 761 1,023
Payablesforcollateralundersecuritiesloanedandothertransactions .......................... 24,196 31,059
Bankdeposits .............................................................. 10,211 6,884
Short-termdebt ............................................................. 912 2,659
Long-termdebt.............................................................. 13,220 9,667
Collateralfinancingarrangements.................................................. 5,297 5,192
Juniorsubordinateddebtsecurities................................................. 3,191 3,758
Currentincometaxpayable...................................................... — 342
Otherliabilities .............................................................. 15,989 14,284
Liabilitiesofsubsidiariesheld-for-sale ............................................... — 748
Separate account liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 149,041 120,839
Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 505,816 477,693
Contingencies, Commitments and Guarantees (Note 16)
Stockholders’ Equity:
MetLife, Inc.’s 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; 822,359,818 and
798,016,664 shares issued at December 31, 2009 and 2008, respectively; 818,833,810 and
793,629,070 shares outstanding at December 31, 2009 and 2008, respectively . . . . . . . . . . . . . . . . . . . 8 8
Additionalpaid-incapital......................................................... 16,859 15,811
Retainedearnings ............................................................. 19,501 22,403
Treasury stock, at cost; 3,526,008 and 4,387,594 shares at December 31, 2009 and 2008, respectively . . . . (190) (236)
Accumulatedothercomprehensiveloss ............................................... (3,058) (14,253)
TotalMetLife,Inc.’sstockholders’equity............................................ 33,121 23,734
Noncontrollinginterests.......................................................... 377 251
Totalequity............................................................... 33,498 23,985
Totalliabilitiesandstockholders’equity............................................. $539,314 $501,678
See accompanying notes to the consolidated financial statements.
F-2 MetLife, Inc.