MetLife, Inc. (MET) financial statements (2020 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
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments20,44819,75817,57125,68722,05119,42921,540
Cash and cash equivalents16,59815,82112,70117,87712,75210,8087,585
Short-term investments3,8503,9374,8707,8109,2998,62113,955
Total current assets:20,44819,75817,57125,68722,05119,42921,540
Noncurrent Assets
Operating lease, right-of-use asset1,488
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases1,052
Property, plant and equipment1,3001,4001,4001,3009001,0001,000
Long-term investments and receivables15,60014,70013,80014,30014,600311,298295,111
Long-term investments15,60014,70013,80014,30014,600311,298295,111
Intangible assets, net (including goodwill)9,6439,80610,0499,84910,19610,71911,517
Goodwill9,3089,4229,5909,2209,4779,87210,542
Intangible assets, net (excluding goodwill)335384459629719847975
Total noncurrent assets:29,08325,90625,24925,44925,696323,017307,628
Other undisclosed assets690,932641,874677,072847,628830,186559,891556,128
TOTAL ASSETS:740,463687,538719,892898,764877,933902,337885,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities363441311    
Taxes payable363441311    
Debt235268477242100100175
Total current liabilities:598709788242100100175
Noncurrent Liabilities
Liabilities, other than long-term debt9,032      
Deferred income tax liabilities9,032
Total noncurrent liabilities:9,032      
Other undisclosed liabilities664,451633,871660,234831,042809,337829,578822,138
Total liabilities:674,081634,580661,022831,284809,437829,678822,313
Temporary equity, carrying amount    7799887
Stockholders' equity
Stockholders' equity attributable to parent66,14452,74158,67667,30967,94972,05361,553
Preferred stock     11
Common stock12121212121211
Treasury stock, value(12,678)(10,393)(6,401)(3,474)(3,102)(1,172)(172)
Additional paid in capital32,68032,47431,11130,94430,74930,54329,277
Accumulated other comprehensive income13,0521,7227,4275,3474,77110,6495,104
Retained earnings33,07828,92626,52734,48035,51932,02027,332
Stockholders' equity attributable to noncontrolling interest238217194171470507543
Total stockholders' equity:66,38252,95858,87067,48068,41972,56062,096
TOTAL LIABILITIES AND EQUITY:740,463687,538719,892898,764877,933902,337885,296

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues69,62067,94162,30863,47669,95173,31668,199
Premiums earned, net42,23543,840
Net investment income18,86816,16617,36319,94719,28121,15322,232
Financial services revenue   51,04349,045
Cost of revenue(49,136)(47,920)(45,151)(48,342)(45,712)(52,610)(39,620)
Policyholder benefits and claims incurred, net(41,461)(42,656)
Policyholder account balance, interest expense(6,464)(4,013)(5,607)(6,282)(5,610)(6,943)8,179
Financial services costs(38,313)(40,804)(38,714)(39,090)(38,120)
Gross profit:20,48420,02117,15715,13424,23920,70628,579
Operating expenses(13,689)(13,714)(13,621)(15,069)(16,769)(17,091)(16,602)
Other operating income (expense), net
(Other Expenses)
(13,229)(12,927)(12,953)  (16,368)17,135
Operating income (loss):(6,434)(6,620)(9,417)657,470(12,753)29,112
Nonoperating expense     (276)(4,576)
Investment income, nonoperating     (93)(4,576)
Foreign currency transaction loss, before tax     (183) 
Interest and debt expense(955)(1,122)(1,129)(1,201)(1,208)(1,216)(1,282)
Income (loss) from continuing operations before equity method investments, income taxes:(7,389)(7,742)(10,546)(1,136)6,262(14,245)23,254
Other undisclosed income (loss) from continuing operations before income taxes14,18414,04914,0829411,20823,049(19,202)
Income (loss) from continuing operations before income taxes:6,7956,3073,536(195)7,4708,8044,052
Income tax expense (benefit)(886)(1,179)1,470999(2,148)(2,465)(661)
Income from continuing operations:5,9095,1285,0068045,3226,3393,391
Income (loss) from discontinued operations  (986)  (3)2
Net income:5,9095,1284,0208045,3226,3363,393
Net loss attributable to noncontrolling interest(10)(5)(10)(4)(12)(27)(25)
Net income attributable to parent:5,8995,1234,0108005,3106,3093,368
Preferred stock dividends and other adjustments    (42)  
Other undisclosed net loss available to common stockholders, basic(178)(141)(103)(103)(116)(122)(122)
Net income available to common stockholders, diluted:5,7214,9823,9076975,1526,1873,246

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:5,9095,1284,0208045,3226,3363,393
Other comprehensive income (loss)11,315(6,615)3,385664(5,858)5,547(6,339)
Comprehensive income (loss):17,224(1,487)7,4051,468(536)11,883(2,946)
Comprehensive loss, net of tax, attributable to noncontrolling interest(16)(7)(14)(92)(32)(29)(21)
Other undisclosed comprehensive income, net of tax, attributable to parent      42
Comprehensive income (loss), net of tax, attributable to parent:17,208(1,494)7,3911,376(568)11,854(2,925)

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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