MetLife Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Investments in Debt Securities	314,870	281,043	281,412	276,780	340,274
Investments in Equity & Preferred Securities	32,706	28,482	28,028	28,183	30,501
Policy Loans	8,547	8,545	8,788	8,874	9,111
Other Investments	4,886	6,759	7,899	6,393	8,425
Total Investments	461,644	430,188	435,640	421,702	486,558
Cash & Equivalents	22,032	20,068	20,639	20,195	20,047
Reinsurance Recoverable	139	-	-	-	-
Other Receivables	55,136	35,396	34,743	22,778	22,410
Deferred Policy Acquisition Cost	19,733	18,178	18,388	17,644	13,643
Separate Account Assets	151,933	139,504	144,634	146,038	179,873
Property, Plant & Equipment	3,784	3,528	3,561	3,461	2,210
Goodwill	9,613	8,901	9,236	9,297	9,535
Other Intangible Assets	636	710	794	876	2,272
Other Current Assets	7,977	8,565	7,640	8,857	12,315
Long-Term Deferred Tax Assets	2,585	2,994	2,612	2,439	189
Long-Term Deferred Charges	13	-	146	133	107
Other Long-Term Assets	9,941	9,425	9,551	9,652	10,549
Total Assets	745,166	677,457	687,584	663,072	759,708
Insurance & Annuity Liabilities	427,573	397,032	397,692	378,787	345,100
Unpaid Claims	17,130	16,118	16,468	16,098	20,013
Reinsurance Payable	-	-	770	-	-
Current Portion of Long-Term Debt	3,766	3,464	2,984	3,558	281
Current Portion of Leases	218	-	-	-	-
Short-Term Debt	17,470	17,593	17,643	21,112	32,261
Long-Term Debt	42,974	42,520	44,514	35,465	75,174
Long-Term Leases	926	1,085	1,263	1,203	1,376
Long-Term Deferred Tax Liabilities	536	132	927	950	9,693
Separate Account Liability	151,933	139,504	144,634	146,038	179,873
Other Current Liabilities	8,954	8,586	8,203	8,054	10,869
Other Long-Term Liabilities	43,140	22,039	20,459	19,963	14,985
Total Liabilities	716,245	649,754	657,331	632,947	691,959
Common Stock	12	12	12	12	12
Additional Paid-In Capital	32,858	33,791	33,690	33,616	33,511
Retained Earnings	44,290	42,626	40,146	40,332	41,197
Treasury Stock	-30,678	-27,798	-24,591	-21,458	-18,157
Comprehensive Income & Other	-18,084	-21,186	-19,242	-22,621	10,919
Total Common Equity	28,398	27,445	30,015	29,881	67,482
Minority Interest	523	258	238	244	267
Shareholders' Equity	28,921	27,703	30,253	30,125	67,749
Total Liabilities & Equity	745,166	677,457	687,584	663,072	759,708
Filing Date Shares Outstanding	652.05	681.23	723.02	774.36	825.08
Total Common Shares Outstanding	655.33	689.21	730.82	779.1	825.54
Total Debt	65,354	64,662	66,404	61,338	109,092
Net Cash (Debt)	-43,322	-44,594	-45,765	-41,143	-89,045
Net Cash Per Share	-64.34	-62.71	-60.04	-50.86	-102.42
Book Value Per Share	43.33	39.82	41.07	38.35	81.74
Tangible Book Value	18,149	17,834	19,985	19,708	55,675
Tangible Book Value Per Share	27.69	25.88	27.35	25.30	67.44

Source: S&P Global Market Intelligence. Insurance template. Financial Sources.