MetLife, Inc. (MET) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments27,22323,69920,44819,75817,57125,68722,051
Cash and cash equivalents20,04719,79516,59815,82112,70117,87712,752
Short-term investments7,1763,9043,8503,9374,8707,8109,299
Disposal group, including discontinued operation7,2387,418     
Total current assets:34,46131,11720,44819,75817,57125,68722,051
Noncurrent Assets
Operating lease, right-of-use asset 1,3141,488
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases7878161,052
Property, plant and equipment1,1001,3001,3001,4001,4001,300900
Long-term investments and receivables23,50017,90015,60014,70013,80014,30014,600
Long-term investments23,50017,90015,60014,70013,80014,30014,600
Intangible assets, net (including goodwill)10,50711,2119,6439,80610,0499,84910,196
Goodwill9,53510,1129,3089,4229,5909,2209,477
Intangible assets, net (excluding goodwill)9721,099335384459629719
Total noncurrent assets:35,89432,54129,08325,90625,24925,44925,696
Other undisclosed assets689,353731,488690,932641,874677,072847,628830,186
TOTAL ASSETS:759,708795,146740,463687,538719,892898,764877,933
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 129363441311  
Taxes payable 129363441311  
Debt341393235268477242100
Total current liabilities:341522598709788242100
Noncurrent Liabilities
Liabilities, other than long-term debt9,69311,0089,032    
Deferred income tax liabilities9,69311,0089,032
Total noncurrent liabilities:9,69311,0089,032    
Other undisclosed liabilities681,925708,799664,451633,871660,234831,042809,337
Total liabilities:691,959720,329674,081634,580661,022831,284809,437
Temporary equity, carrying amount      77
Stockholders' equity
Stockholders' equity attributable to parent67,48274,55866,14452,74158,67667,30967,949
Common stock12121212121212
Treasury stock, value(18,157)(13,829)(12,678)(10,393)(6,401)(3,474)(3,102)
Additional paid in capital33,51133,81232,68032,47431,11130,94430,749
Accumulated other comprehensive income10,91918,07213,0521,7227,4275,3474,771
Retained earnings41,19736,49133,07828,92626,52734,48035,519
Stockholders' equity attributable to noncontrolling interest267259238217194171470
Total stockholders' equity:67,74974,81766,38252,95858,87067,48068,419
TOTAL LIABILITIES AND EQUITY:759,708795,146740,463687,538719,892898,764877,933

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues71,08067,84269,62067,94162,30863,47669,951
Premiums earned, net42,00942,03442,23543,840
Net investment income21,39517,11718,86816,16617,36319,94719,281
Cost of revenue(50,368)(47,765)(49,136)(47,920)(45,151)(48,342)(45,712)
Policyholder benefits and claims incurred, net(43,954)(41,461)(41,461)(42,656)
Financial services costs(38,313)(40,804)(38,714)
Gross profit:20,71220,07720,48420,02117,15715,13424,239
Operating expenses(12,586)(13,150)(13,689)(13,714)(13,621)(15,069)(16,769)
Other operating expense, net
(Other Expenses)
(11,863)(12,135)(13,229)(12,927)(12,953)  
Operating income (loss):(3,737)(5,208)(6,434)(6,620)(9,417)657,470
Interest and debt expense(920)(913)(955)(1,122)(1,129)(1,201)(1,208)
Income (loss) from continuing operations before equity method investments, income taxes:(4,657)(6,121)(7,389)(7,742)(10,546)(1,136)6,262
Other undisclosed income from continuing operations before income taxes12,78313,04814,18414,04914,0829411,208
Income (loss) from continuing operations before income taxes:8,1266,9276,7956,3073,536(195)7,470
Income tax expense (benefit)(1,551)(1,509)(886)(1,179)1,470999(2,148)
Income from continuing operations:6,5755,4185,9095,1285,0068045,322
Loss from discontinued operations    (986)  
Net income:6,5755,4185,9095,1284,0208045,322
Net loss attributable to noncontrolling interest(21)(11)(10)(5)(10)(4)(12)
Net income attributable to parent:6,5545,4075,8995,1234,0108005,310
Preferred stock dividends and other adjustments(6)(14)    (42)
Other undisclosed net loss available to common stockholders, basic(195)(202)(178)(141)(103)(103)(116)
Net income available to common stockholders, diluted:6,3535,1915,7214,9823,9076975,152

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:6,5755,4185,9095,1284,0208045,322
Other comprehensive income (loss)(7,150)5,02511,315(6,615)3,385664(5,858)
Comprehensive income (loss):(575)10,44317,224(1,487)7,4051,468(536)
Comprehensive loss, net of tax, attributable to noncontrolling interest(24)(16)(16)(7)(14)(92)(32)
Comprehensive income (loss), net of tax, attributable to parent:(599)10,42717,208(1,494)7,3911,376(568)

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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