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 | 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 investments | 23,699 | 20,448 | 19,758 | 17,571 | 25,687 | 22,051 | 19,429 | ||
| Cash and cash equivalents | 19,795 | 16,598 | 15,821 | 12,701 | 17,877 | 12,752 | 10,808 | ||
| Short-term investments | 3,904 | 3,850 | 3,937 | 4,870 | 7,810 | 9,299 | 8,621 | ||
| Disposal group, including discontinued operation | 7,418 | ||||||||
| Total current assets: | 31,117 | 20,448 | 19,758 | 17,571 | 25,687 | 22,051 | 19,429 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,314 | 1,488 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases | 816 | 1,052 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 1,300 | 1,300 | 1,400 | 1,400 | 1,300 | 900 | 1,000 | ||
| Long-term investments and receivables | 17,900 | 15,600 | 14,700 | 13,800 | 14,300 | 14,600 | 311,298 | ||
| Long-term investments | 17,900 | 15,600 | 14,700 | 13,800 | 14,300 | 14,600 | 311,298 | ||
| Intangible assets, net (including goodwill) | 11,211 | 9,643 | 9,806 | 10,049 | 9,849 | 10,196 | 10,719 | ||
| Goodwill | 10,112 | 9,308 | 9,422 | 9,590 | 9,220 | 9,477 | 9,872 | ||
| Intangible assets, net (excluding goodwill) | 1,099 | 335 | 384 | 459 | 629 | 719 | 847 | ||
| Total noncurrent assets: | 32,541 | 29,083 | 25,906 | 25,249 | 25,449 | 25,696 | 323,017 | ||
| Other undisclosed assets | 731,488 | 690,932 | 641,874 | 677,072 | 847,628 | 830,186 | 559,891 | ||
| TOTAL ASSETS: | 795,146 | 740,463 | 687,538 | 719,892 | 898,764 | 877,933 | 902,337 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 129 | 363 | 441 | 311 | |||||
| Taxes payable | 129 | 363 | 441 | 311 | |||||
| Debt | 393 | 235 | 268 | 477 | 242 | 100 | 100 | ||
| Total current liabilities: | 522 | 598 | 709 | 788 | 242 | 100 | 100 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 11,008 | 9,032 | |||||||
| Deferred income tax liabilities | 11,008 | 9,032 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Total noncurrent liabilities: | 11,008 | 9,032 | |||||||
| Other undisclosed liabilities | 708,799 | 664,451 | 633,871 | 660,234 | 831,042 | 809,337 | 829,578 | ||
| Total liabilities: | 720,329 | 674,081 | 634,580 | 661,022 | 831,284 | 809,437 | 829,678 | ||
| Temporary equity, carrying amount | 77 | 99 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 74,558 | 66,144 | 52,741 | 58,676 | 67,309 | 67,949 | 72,053 | ||
| Preferred stock | 1 | ||||||||
| Common stock | 12 | 12 | 12 | 12 | 12 | 12 | 12 | ||
| Treasury stock, value | (13,829) | (12,678) | (10,393) | (6,401) | (3,474) | (3,102) | (1,172) | ||
| Additional paid in capital | 33,812 | 32,680 | 32,474 | 31,111 | 30,944 | 30,749 | 30,543 | ||
| Accumulated other comprehensive income | 18,072 | 13,052 | 1,722 | 7,427 | 5,347 | 4,771 | 10,649 | ||
| Retained earnings | 36,491 | 33,078 | 28,926 | 26,527 | 34,480 | 35,519 | 32,020 | ||
| Stockholders' equity attributable to noncontrolling interest | 259 | 238 | 217 | 194 | 171 | 470 | 507 | ||
| Total stockholders' equity: | 74,817 | 66,382 | 52,958 | 58,870 | 67,480 | 68,419 | 72,560 | ||
| TOTAL LIABILITIES AND EQUITY: | 795,146 | 740,463 | 687,538 | 719,892 | 898,764 | 877,933 | 902,337 | ||
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 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 67,842 | 69,620 | 67,941 | 62,308 | 63,476 | 69,951 | 73,316 | |
| Premiums earned, net | 42,034 | 42,235 | 43,840 | ✕ | ✕ | ✕ | ✕ | |
| Net investment income | 17,117 | 18,868 | 16,166 | 17,363 | 19,947 | 19,281 | 21,153 | |
| Financial services revenue | ✕ | ✕ | ✕ | 51,043 | ||||
| Cost of revenue | (47,765) | (49,136) | (47,920) | (45,151) | (48,342) | (45,712) | (52,610) | |
| Policyholder benefits and claims incurred, net | (41,461) | (41,461) | (42,656) | ✕ | ✕ | ✕ | ✕ | |
| Financial services costs | ✕ | ✕ | ✕ | (38,313) | (40,804) | (38,714) | (39,090) | |
| Gross profit: | 20,077 | 20,484 | 20,021 | 17,157 | 15,134 | 24,239 | 20,706 | |
| Operating expenses | (13,150) | (13,689) | (13,714) | (13,621) | (15,069) | (16,769) | (17,091) | |
| Other operating expense, net (Other Expenses) | (12,135) | (13,229) | (12,927) | (12,953) | (16,368) | |||
| Operating income (loss): | (5,208) | (6,434) | (6,620) | (9,417) | 65 | 7,470 | (12,753) | |
| Nonoperating expense | (276) | |||||||
| Investment income, nonoperating | (93) | |||||||
| Foreign currency transaction loss, before tax | (183) | |||||||
| Interest and debt expense | (913) | (955) | (1,122) | (1,129) | (1,201) | (1,208) | (1,216) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (6,121) | (7,389) | (7,742) | (10,546) | (1,136) | 6,262 | (14,245) | |
| Other undisclosed income from continuing operations before income taxes | 13,048 | 14,184 | 14,049 | 14,082 | 941 | 1,208 | 23,049 | |
| Income (loss) from continuing operations before income taxes: | 6,927 | 6,795 | 6,307 | 3,536 | (195) | 7,470 | 8,804 | |
| Income tax expense (benefit) | (1,509) | (886) | (1,179) | 1,470 | 999 | (2,148) | (2,465) | |
| Income from continuing operations: | 5,418 | 5,909 | 5,128 | 5,006 | 804 | 5,322 | 6,339 | |
| Loss from discontinued operations | (986) | (3) | ||||||
| Net income: | 5,418 | 5,909 | 5,128 | 4,020 | 804 | 5,322 | 6,336 | |
| Net loss attributable to noncontrolling interest | (11) | (10) | (5) | (10) | (4) | (12) | (27) | |
| Net income attributable to parent: | 5,407 | 5,899 | 5,123 | 4,010 | 800 | 5,310 | 6,309 | |
| Preferred stock dividends and other adjustments | (14) | (42) | ||||||
| Other undisclosed net loss available to common stockholders, basic | (202) | (178) | (141) | (103) | (103) | (116) | (122) | |
| Net income available to common stockholders, diluted: | 5,191 | 5,721 | 4,982 | 3,907 | 697 | 5,152 | 6,187 | |
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: | 5,418 | 5,909 | 5,128 | 4,020 | 804 | 5,322 | 6,336 | |
| Other comprehensive income (loss) | 5,025 | 11,315 | (6,615) | 3,385 | 664 | (5,858) | 5,547 | |
| Comprehensive income (loss): | 10,443 | 17,224 | (1,487) | 7,405 | 1,468 | (536) | 11,883 | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (16) | (16) | (7) | (14) | (92) | (32) | (29) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 10,427 | 17,208 | (1,494) | 7,391 | 1,376 | (568) | 11,854 | |
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.