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)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,44822,98821,24619,03019,75817,72120,165
Cash and cash equivalents16,59819,45218,43514,50615,82112,49016,312
Short-term investments3,8503,5362,8114,5243,9375,2313,853
Total current assets:20,44822,98821,24619,03019,75817,72120,165
Noncurrent Assets
Operating lease, right-of-use asset1,4881,5431,494 
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases1,0521,1081,123 
Property, plant and equipment1,300   1,400  
Long-term investments and receivables15,600   14,700  
Long-term investments15,600   14,700  
Intangible assets, net (including goodwill)9,6439,2789,4089,4189,8069,4409,499
Goodwill9,3089,2789,4089,4189,4229,4409,499
Intangible assets, net (excluding goodwill)335   384  
Total noncurrent assets:29,08311,92912,0259,41825,9069,4409,499
Other undisclosed assets690,932707,895698,896684,740641,874671,290676,669
TOTAL ASSETS:740,463742,812732,167713,188687,538698,451706,333
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities36331 505441166222
Taxes payable36331 505441166222
Debt235142158289268290479
Total current liabilities:598173158794709456701
Noncurrent Liabilities
Liabilities, other than long-term debt9,03210,1538,766    
Deferred income tax liabilities9,03210,1538,766 
Total noncurrent liabilities:9,03210,1538,766    
Other undisclosed liabilities664,451663,867659,197653,656633,871646,186651,800
Total liabilities:674,081674,193668,121654,450634,580646,642652,501
Stockholders' equity
Stockholders' equity attributable to parent66,14468,36863,81158,50952,74151,62553,633
Common stock12121212121212
Treasury stock, value(12,678)(12,428)(11,643)(10,893)(10,393)(9,193)(8,557)
Additional paid in capital32,68032,63932,60232,53532,47432,47532,454
Accumulated other comprehensive income13,05215,19711,6316,9111,7221,0002,854
Retained earnings33,07832,94831,20929,94428,92627,33126,870
Stockholders' equity attributable to noncontrolling interest238251235229217184199
Total stockholders' equity:66,38268,61964,04658,73852,95851,80953,832
TOTAL LIABILITIES AND EQUITY:740,463742,812732,167713,188687,538698,451706,333

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues17,14318,67817,49716,30215,66216,28921,185
Premiums earned, net11,92010,78110,1299,4059,26710,24215,153
Net investment income4,6444,6234,6934,9083,4624,4864,473
Cost of revenue(13,549)(12,444)(11,810)(11,333)(9,796)(11,741)(16,599)
Policyholder benefits and claims incurred, net(11,748)(10,648)(9,993)(9,072)(8,992)(10,080)(14,866)
Policyholder account balance, interest expense(1,488)(1,500)(1,515)(1,961)(486)(1,334)(1,424)
Gross profit:3,5946,2345,6874,9695,8664,5484,586
Operating expenses(3,631)(3,443)(3,390)(3,225)(3,395)(3,469)(3,485)
Other operating expense, net
(Other Expenses)
(3,457)(3,309)(3,274)(3,189)(3,117)(3,287)(3,319)
Operating loss:(3,494)(518)(977)(1,445)(646)(2,208)(2,218)
Interest and debt expense(224)(223)(274)(234)(260)(267)(309)
Loss from continuing operations before equity method investments, income taxes:(3,718)(741)(1,251)(1,679)(906)(2,475)(2,527)
Other undisclosed income from continuing operations before income taxes3,6813,5323,5483,4233,3773,5543,628
Income (loss) from continuing operations before income taxes:(37)2,7912,2971,7442,4711,0791,101
Income tax expense (benefit)625(601)(551)(359)(409)(164)(207)
Net income:5882,1901,7461,3852,062915894
Net income (loss) attributable to noncontrolling interest5(6)(5)(4)5(3)(3)
Net income attributable to parent:5932,1841,7411,3812,067912891
Other undisclosed net loss available to common stockholders, basic(57)(32)(57)(32)(57)(32)(46)
Net income available to common stockholders, diluted:5362,1521,6841,3492,010880845

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:5882,1901,7461,3852,062915894
Other comprehensive income 3,5694,7205,170724  
Other undisclosed comprehensive loss(2,144)    (1,855)(2,779)
Comprehensive income (loss):(1,556)5,7596,4666,5552,786(940)(1,885)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4(9)(5)(6)3(2)(4)
Comprehensive income (loss), net of tax, attributable to parent:(1,552)5,7506,4616,5492,789(942)(1,889)

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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