METROPOLITAN LIFE INSURANCE CO financial statements (2022 and earlier)

Company profile

Business Address 200 PARK AVENUE
NEW YORK, NY 10166
State of Incorp. NY
Fiscal Year End December 31
SIC 6311 - Life Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,96010,8108,3888,22410,40410,2466,467
Cash and cash equivalents11,3378,9276,8825,0695,7144,6511,993
Short-term investments2,6231,8831,5063,1554,6905,5954,474
Total current assets:13,96010,8108,3888,22410,40410,2466,467
Noncurrent Assets
Operating lease, right-of-use asset718819
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases816896
Property, plant and equipment199255354586627480579
Long-term investments and receivables12,50011,50011,50011,50010,80010,200154,509
Long-term investments12,50011,50011,50011,50010,80010,200154,509
Intangible assets, net (including goodwill)135157181207235366396
Goodwill     101101
Intangible assets, net (excluding goodwill)135157181207235265295
Total noncurrent assets:14,36813,62712,03512,29311,66211,046155,484
Other undisclosed assets429,279406,380386,494413,778410,495428,228296,267
TOTAL ASSETS:457,607430,817406,917434,295432,561449,520458,218
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities486388611    
Taxes payable486388611    
Debt120128129243100100100
Total current liabilities:606516740243100100100
Noncurrent Liabilities
Liabilities, other than long-term debt1,9801,568     
Deferred income tax liabilities1,9801,568
Total noncurrent liabilities:1,9801,568     
Other undisclosed liabilities420,163396,121380,450404,291405,484418,176425,769
Total liabilities:422,749398,205381,190404,534405,584418,276425,869
Stockholders' equity
Stockholders' equity attributable to parent34,67532,42825,52929,61826,78730,87231,957
Common stock5555555
Additional paid in capital12,46012,45512,45014,15014,41314,44414,448
Accumulated other comprehensive income11,66210,0253,5625,4283,1192,6855,034
Retained earnings10,5489,9439,51210,0359,25013,73812,470
Stockholders' equity attributable to noncontrolling interest183184198143190372392
Total stockholders' equity:34,85832,61225,72729,76126,97731,24432,349
TOTAL LIABILITIES AND EQUITY:457,607430,817406,917434,295432,561449,520458,218

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues35,31336,24942,16137,22536,49038,77138,731
Premiums earned, net20,74121,60826,613
Net investment income10,25010,97310,91910,51311,08311,57711,893
Financial services revenue   25,658
Cost of revenue(26,222)(27,713)(32,661)(29,124)(28,724)(27,974)(28,397)
Policyholder benefits and claims incurred, net(23,074)(24,051)(29,097)
Financial services costs(25,792)(25,291)(24,527)(23,870)
Gross profit:9,0918,5369,5008,1017,76610,79710,334
Operating expenses(5,013)(4,976)(5,191)(5,135)(5,803)(6,258)(6,071)
Other operating expense, net
(Other Expenses)
   (4,849)  (5,649)
Operating income (loss):4,0783,5604,309(1,883)1,9634,539(1,386)
Nonoperating income
(Investment Income, Nonoperating)
      306
Interest and debt expense(99)(105)(108)(106)(112)(122)(151)
Income (loss) from continuing operations before equity method investments, income taxes:3,9793,4554,201(1,989)1,8514,417(1,231)
Other undisclosed income from continuing operations before income taxes991051084,9551121226,622
Income from continuing operations before income taxes:4,0783,5604,3092,9661,9634,5395,391
Income tax expense (benefit)(534)(148)(173)561(207)(1,782)(1,532)
Income from continuing operations:3,5443,4124,1363,5271,7562,7573,859
Loss from discontinued operations      (3)
Net income:3,5443,4124,1363,5271,7562,7573,856
Net income (loss) attributable to noncontrolling interest66(6)(2)8 5
Net income available to common stockholders, diluted:3,5503,4184,1303,5251,7642,7573,861

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:3,5443,4124,1363,5271,7562,7573,856
Other comprehensive income (loss)1,6376,446(2,790)2,309434(2,349)2,876
Comprehensive income:5,1819,8581,3465,8362,1904086,732
Comprehensive income (loss), net of tax, attributable to noncontrolling interest66(6)(2)8 5
Comprehensive income, net of tax, attributable to parent:5,1879,8641,3405,8342,1984086,737

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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