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$MET
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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 $224 and $249, respectively); and amortized cost: $347,781 and $337,201, respectively
Equity securities, at estimated fair value
Contractholder-directed equity securities and fair value option securities, at estimated fair value (includes $1,985 and $1,751, respectively, relating to variable interest entities)
Mortgage loans (net of allowance for credit loss of $1,358 and $1,193, respectively; includes $0 and $35, respectively, of mortgage loans held-for-sale)
Policy loans
Real estate and real estate joint ventures (includes $377 and $378, respectively, under the fair value option; $178 and $132, respectively, of real estate held-for-sale; $431 and $302, respectively, relating to variable interest entities)
Other limited partnership interests
Short-term investments, principally at estimated fair value
Other invested assets (includes $1,637 and $1,698, respectively, of leveraged and direct financing leases; $623 and $560, respectively, relating to variable interest entities)
Total investments
Cash and cash equivalents, principally at estimated fair value (includes $357 and $96, 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
Goodwill
Other assets
Separate account assets
Total assets
Liabilities, Mezzanine Equity 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 (includes $114 and $117, respectively, relating to variable interest entities)
Long-term debt (includes $69 and $28, respectively, relating to variable interest entities)
Collateral financing arrangement
Junior subordinated debt securities
Current income tax payable
Subordinated debt securities
Notes issued by collateralized financing entities (includes all amounts: under the fair value option; and relating to variable interest entities)
Deferred income tax liability
Other liabilities (includes $374 and $167, respectively, relating to variable interest entities)
Separate account liabilities
Total liabilities
Redeemable noncontrolling interests
Equity
MetLife, Inc.’s stockholders’ equity:
Preferred stock, par value $0.01 per share; $2,905 aggregate liquidation preference
Common stock, par value $0.01 per share; 3,000,000,000 shares authorized; 1,196,795,831 and 1,195,587,190 shares issued, respectively; 637,752,080 and 655,333,773 shares outstanding, respectively
Additional paid-in capital
Retained earnings
Treasury stock, at cost; 559,043,751 and 540,253,417 shares, respectively
Accumulated other comprehensive income (loss)
Total MetLife, Inc.’s stockholders’ equity
Noncontrolling interests
Total equity
Total liabilities, mezzanine equity and equity

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