MetLife, Inc. (MET) financial statements (2021 and earlier)

Company profile

Business Address 200 PARK AVENUE
NEW YORK, NY 10166
State of Incorp. DE
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
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments23,69928,23729,63430,02420,44822,98821,246
Cash and cash equivalents19,79524,40524,28924,09416,59819,45218,435
Short-term investments3,9043,8325,3455,9303,8503,5362,811
Disposal group, including discontinued operation7,418      
Total current assets:31,11728,23729,63430,02420,44822,98821,246
Noncurrent Assets
Operating lease, right-of-use asset1,314   1,4881,5431,494
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases816906888 1,0521,1081,123
Property, plant and equipment1,300   1,300  
Long-term investments and receivables17,900   15,600  
Long-term investments17,900   15,600  
Intangible assets, net (including goodwill)11,2119,3609,2459,1599,6439,2789,408
Goodwill10,1129,3609,2459,1599,3089,2789,408
Intangible assets, net (excluding goodwill)1,099   335  
Total noncurrent assets:32,54110,26610,1339,15929,08311,92912,025
Other undisclosed assets731,488741,989727,816698,558690,932707,895698,896
TOTAL ASSETS:795,146780,492767,583737,741740,463742,812732,167
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12963892870836331 
Taxes payable12963892870836331 
Debt393351303298235142158
Total current liabilities:5229891,2311,006598173158
Noncurrent Liabilities
Liabilities, other than long-term debt11,00810,83911,33410,0099,03210,1538,766
Deferred income tax liabilities11,00810,83911,33410,0099,03210,1538,766
Total noncurrent liabilities:11,00810,83911,33410,0099,03210,1538,766
Other undisclosed liabilities708,799695,095679,078656,263664,451663,867659,197
Total liabilities:720,329706,923691,643667,278674,081674,193668,121
Stockholders' equity
Stockholders' equity attributable to parent74,55873,31675,69370,22166,14468,36863,811
Common stock12121212121212
Treasury stock, value(13,829)(13,258)(13,178)(13,178)(12,678)(12,428)(11,643)
Additional paid in capital33,81233,74433,72833,71132,68032,63932,602
Accumulated other comprehensive income18,07216,03618,56312,75713,05215,19711,631
Retained earnings36,49136,78236,56836,91933,07832,94831,209
Stockholders' equity attributable to noncontrolling interest259253247242238251235
Total stockholders' equity:74,81773,56975,94070,46366,38268,61964,046
TOTAL LIABILITIES AND EQUITY:795,146780,492767,583737,741740,463742,812732,167

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues19,41816,01514,09918,31017,14318,67817,497
Premiums earned, net13,8979,9358,7369,46611,92010,78110,129
Net investment income5,2404,7294,0873,0614,6444,6234,693
Cost of revenue(15,830)(11,622)(10,919)(9,394)(13,549)(12,444)(11,810)
Policyholder benefits and claims incurred, net(13,772)(10,000)(8,667)(9,022)(11,748)(10,648)(9,993)
Policyholder account balance, interest expense(1,756)(1,416)(1,962)(80)(1,488)(1,500)(1,515)
Gross profit:3,5884,3933,1808,9163,5946,2345,687
Operating expenses(3,424)(3,470)(2,983)(3,273)(3,631)(3,443)(3,390)
Other operating expense, net
(Other Expenses)
(3,262)(2,954)(2,872)(3,047)(3,457)(3,309)(3,274)
Operating income (loss):(3,098)(2,031)(2,675)2,596(3,494)(518)(977)
Interest and debt expense(230)(229)(232)(222)(224)(223)(274)
Income (loss) from continuing operations before equity method investments, income taxes:(3,328)(2,260)(2,907)2,374(3,718)(741)(1,251)
Other undisclosed income from continuing operations before income taxes3,4923,1833,1043,2693,6813,5323,548
Income (loss) from continuing operations before income taxes:1649231975,643(37)2,7912,297
Income tax expense (benefit)(6)(214)(47)(1,242)625(601)(551)
Net income:1587091504,4015882,1901,746
Net income (loss) attributable to noncontrolling interest (3)(5)(3)5(6)(5)
Net income attributable to parent:1587061454,3985932,1841,741
Preferred stock dividends and other adjustments(14)      
Other undisclosed net loss available to common stockholders, basic(20)(73)(77)(32)(57)(32)(57)
Net income available to common stockholders, diluted:124633684,3665362,1521,684

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1587091504,4015882,1901,746
Other comprehensive income (loss) (2,527)5,807(294) 3,5694,720
Other undisclosed comprehensive income (loss)2,039   (2,144)  
Comprehensive income (loss):2,197(1,818)5,9574,107(1,556)5,7596,466
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)(3)(6)(4)4(9)(5)
Comprehensive income (loss), net of tax, attributable to parent:2,194(1,821)5,9514,103(1,552)5,7506,461

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: