MetLife 2010 Annual Report Download - page 91

MetLife, Inc.
Consolidated Balance Sheets
December 31, 2010 and 2009
(In millions, except share and per share data)
2010 2009
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $320,008 and $229,709, respectively;
includes$3,330and$3,171,respectively,relatingtovariableinterestentities).............................. $327,284 $227,642
Equitysecuritiesavailable-for-sale,atestimatedfairvalue(cost:$3,625and$3,187,respectively)................... 3,606 3,084
Trading and other securities, at estimated fair value (includes $463 and $420 of actively traded securities, respectively; and
$387 and $0, respectively, relating to variable interest entities) . . . .................................... 18,589 2,384
Mortgage loans:
Held-for-investment, principally at amortized cost (net of valuation allowances of $664 and $721, respectively; includes
$6,840and$0,respectively,atestimatedfairvalue,relatingtovariableinterestentities)....................... 59,055 48,181
Held-for-sale,principallyatestimatedfairvalue................................................. 3,321 2,728
Mortgageloans,net................................................................ 62,376 50,909
Policyloans....................................................................... 11,914 10,061
Realestateandrealestatejointventures(includes$10and$18,respectively,relatingtovariableinterestentities).......... 8,030 6,896
Other limited partnership interests (includes $298 and $236, respectively, relating to variable interest entities) . ........... 6,416 5,508
Short-terminvestments,principallyatestimatedfairvalue............................................ 9,387 8,374
Otherinvestedassets,principallyatestimatedfairvalue(includes$104and$137,respectively,relatingtovariableinterestentities)........ . . 15,430 12,709
Totalinvestments .................................................................. 463,032 327,567
Cash and cash equivalents, principally at estimated fair value (includes $69 and $68, respectively, relating to variable interest
entities).......................................................................... 13,046 10,112
Accruedinvestmentincome(includes$34and$0,respectively,relatingtovariableinterestentities) ................... 4,381 3,173
Premiums,reinsuranceandotherreceivables(includes$2and$0,respectively,relatingtovariableinterestentities).......... 19,830 16,752
Deferredpolicyacquisitioncostsandvalueofbusinessacquired ........................................ 27,307 19,256
Currentincometaxrecoverable............................................................. — 316
Deferredincometaxassets............................................................... — 1,228
Goodwill .......................................................................... 11,781 5,047
Other assets (includes $6 and $16, respectively, relating to variable interest entities) . . . .......................... 8,192 6,822
Separateaccountassets ................................................................ 183,337 149,041
Totalassets...................................................................... $730,906 $539,314
Liabilities and Equity
Liabilities
Futurepolicybenefits ................................................................. $173,373 $135,879
Policyholderaccountbalances............................................................ 211,020 138,673
Otherpolicy-relatedbalances ............................................................ 15,806 8,446
Policyholderdividendspayable............................................................ 830 761
Policyholderdividendobligation ........................................................... 876 —
Payablesforcollateralundersecuritiesloanedandothertransactions .................................... 27,272 24,196
Bankdeposits...................................................................... 10,316 10,211
Short-termdebt..................................................................... 306 912
Long-termdebt(includes$6,902and$64,respectively,atestimatedfairvalue,relatingtovariableinterestentities)......... 27,586 13,220
Collateralfinancingarrangements .......................................................... 5,297 5,297
Juniorsubordinateddebtsecurities......................................................... 3,191 3,191
Currentincometaxpayable.............................................................. 316 —
Deferredincometaxliability.............................................................. 1,881 —
Otherliabilities(includes$93and$26,respectively,relatingtovariableinterestentities) ......................... 20,386 15,989
Separateaccountliabilities.............................................................. 183,337 149,041
Totalliabilities..................................................................... 681,793 505,816
Contingencies, Commitments and Guarantees (Note 16)
Redeemablenoncontrollinginterestsinpartiallyownedconsolidatedsubsidiaries............................... 117 —
Equity
MetLife, Inc.’s stockholders’ equity:
Preferred stock, par value $0.01 per share; 200,000,000 shares authorized:
Preferredstock,84,000,000sharesissuedandoutstanding;$2,100aggregateliquidationpreference................. 1 1
Convertiblepreferredstock,6,857,000sharesissuedandoutstandingatDecember31,2010 ..................... — —
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 989,031,704 and 822,359,818 shares issued at
December 31, 2010 and 2009, respectively; 985,837,817 and 818,833,810 shares outstanding at December 31, 2010 and
2009,respectively ................................................................... 10 8
Additionalpaid-incapital................................................................. 26,423 16,859
Retainedearnings..................................................................... 21,363 19,501
Treasury stock, at cost; 3,193,887 and 3,526,008 shares at December 31, 2010 and 2009, respectively ................ (172) (190)
Accumulatedothercomprehensiveincome(loss) .................................................. 1,000 (3,058)
TotalMetLife,Inc.’sstockholders’equity..................................................... 48,625 33,121
Noncontrollinginterests ................................................................. 371 377
Totalequity ...................................................................... 48,996 33,498
Totalliabilitiesandequity.............................................................. $730,906 $539,314
See accompanying notes to the consolidated financial statements.
F-2 MetLife, Inc.