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 investments23,69920,44819,75817,57125,68722,05119,429
Cash and cash equivalents19,79516,59815,82112,70117,87712,75210,808
Short-term investments3,9043,8503,9374,8707,8109,2998,621
Disposal group, including discontinued operation7,418      
Total current assets:31,11720,44819,75817,57125,68722,05119,429
Noncurrent Assets
Operating lease, right-of-use asset1,3141,488
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases8161,052
Property, plant and equipment1,3001,3001,4001,4001,3009001,000
Long-term investments and receivables17,90015,60014,70013,80014,30014,600311,298
Long-term investments17,90015,60014,70013,80014,30014,600311,298
Intangible assets, net (including goodwill)11,2119,6439,80610,0499,84910,19610,719
Goodwill10,1129,3089,4229,5909,2209,4779,872
Intangible assets, net (excluding goodwill)1,099335384459629719847
Total noncurrent assets:32,54129,08325,90625,24925,44925,696323,017
Other undisclosed assets731,488690,932641,874677,072847,628830,186559,891
TOTAL ASSETS:795,146740,463687,538719,892898,764877,933902,337
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities129363441311   
Taxes payable129363441311   
Debt393235268477242100100
Total current liabilities:522598709788242100100
Noncurrent Liabilities
Liabilities, other than long-term debt11,0089,032     
Deferred income tax liabilities11,0089,032
Total noncurrent liabilities:11,0089,032     
Other undisclosed liabilities708,799664,451633,871660,234831,042809,337829,578
Total liabilities:720,329674,081634,580661,022831,284809,437829,678
Temporary equity, carrying amount     7799
Stockholders' equity
Stockholders' equity attributable to parent74,55866,14452,74158,67667,30967,94972,053
Preferred stock      1
Common stock12121212121212
Treasury stock, value(13,829)(12,678)(10,393)(6,401)(3,474)(3,102)(1,172)
Additional paid in capital33,81232,68032,47431,11130,94430,74930,543
Accumulated other comprehensive income18,07213,0521,7227,4275,3474,77110,649
Retained earnings36,49133,07828,92626,52734,48035,51932,020
Stockholders' equity attributable to noncontrolling interest259238217194171470507
Total stockholders' equity:74,81766,38252,95858,87067,48068,41972,560
TOTAL LIABILITIES AND EQUITY:795,146740,463687,538719,892898,764877,933902,337

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
Revenues67,84269,62067,94162,30863,47669,95173,316
Premiums earned, net42,03442,23543,840
Net investment income17,11718,86816,16617,36319,94719,28121,153
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:20,07720,48420,02117,15715,13424,23920,706
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)657,470(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 taxes13,04814,18414,04914,0829411,20823,049
Income (loss) from continuing operations before income taxes:6,9276,7956,3073,536(195)7,4708,804
Income tax expense (benefit)(1,509)(886)(1,179)1,470999(2,148)(2,465)
Income from continuing operations:5,4185,9095,1285,0068045,3226,339
Loss from discontinued operations   (986)  (3)
Net income:5,4185,9095,1284,0208045,3226,336
Net loss attributable to noncontrolling interest(11)(10)(5)(10)(4)(12)(27)
Net income attributable to parent:5,4075,8995,1234,0108005,3106,309
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:5,1915,7214,9823,9076975,1526,187

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:5,4185,9095,1284,0208045,3226,336
Other comprehensive income (loss)5,02511,315(6,615)3,385664(5,858)5,547
Comprehensive income (loss):10,44317,224(1,487)7,4051,468(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:10,42717,208(1,494)7,3911,376(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.

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