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Consolidated Balance Sheets

In millions of USD, except per-share amounts
Q2 FY2026
As of Jun 30, 2026
Q1 FY2026
As of Mar 31, 2026
Q4 FY2025
As of Dec 31, 2025
Q3 FY2025
As of Sep 30, 2025
Q2 FY2025
As of Jun 30, 2025
Q1 FY2025
As of Mar 31, 2025
Q4 FY2024
As of Dec 31, 2024
Q3 FY2024
As of Sep 30, 2024
Q2 FY2024
As of Jun 30, 2024
Q1 FY2024
As of Mar 31, 2024
Q4 FY2023
As of Dec 31, 2023
Q3 FY2023
As of Sep 30, 2023
Q2 FY2023
As of Jun 30, 2023
Q1 FY2023
As of Mar 31, 2023
Q4 FY2022
As of Dec 31, 2022
Q3 FY2022
As of Sep 30, 2022
Q2 FY2022
As of Jun 30, 2022
Q1 FY2022
As of Mar 31, 2022
Q4 FY2021
As of Dec 31, 2021
Q3 FY2021
As of Sep 30, 2021
Assets
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (net of allowance for credit loss of $158 and $194, respectively); and amortized cost: $172,369 and $167,384, respectively
Mortgage loans (net of allowance for credit loss of $822 and $701, respectively; includes $183 and $180, respectively, relating to variable interest entities)
Policy loans
Real estate and real estate joint ventures (includes $377 and $378, respectively, under the fair value option; $127 and $64, respectively, of real estate held-for-sale; $2,490 and $2,435, respectively, relating to variable interest entities)
Other limited partnership interests
Short-term investments, at estimated fair value
Other invested assets (includes $348 and $435, respectively, of leveraged and direct financing leases; $1,806 and $866, respectively, under the fair value option, of which $800 and $0, respectively, relate to variable interest entities; $40 and $45, respectively, relating to variable interest entities not under the fair value option)
Total investments
Cash and cash equivalents, principally at estimated fair value (includes $83 and $0, respectively, relating to variable interest entities)
Accrued investment income
Premiums, reinsurance and other receivables
Market risk benefits, at estimated fair value
Deferred policy acquisition costs and value of business acquired
Current income tax recoverable
Deferred income tax asset
Other assets
Separate account assets
Total assets
Liabilities and Equity
Liabilities
Future policy benefits
Policyholder account balances
Market risk benefits, at estimated fair value
Other policy-related balances
Policyholder dividends payable
Policyholder dividend obligation
Payables for collateral under securities loaned and other transactions
Short-term debt
Long-term debt
Current income tax payable
Notes Issued by Collateralized Financing Entities
Other liabilities (includes $45 and $0, respectively, relating to variable interest entities)
Separate account liabilities
Total liabilities
Equity
Metropolitan Life Insurance Company stockholder’s equity:
Common stock, par value $0.01 per share; 1,000,000,000 shares authorized; 494,466,664 shares issued and outstanding
Additional paid-in capital
Retained earnings
Accumulated other comprehensive income (loss)
Total Metropolitan Life Insurance Company stockholder’s equity
Noncontrolling interests
Total equity
Total liabilities and equity

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