v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
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 $ 162,616 $ 159,332
Mortgage loans (net of allowance for credit loss of $822 and $701, respectively; includes $183 and $180, respectively, relating to variable interest entities) 54,833 55,870
Policy loans 5,347 5,596
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) 8,621 8,798
Other limited partnership interests 6,369 6,929
Short-term investments, at estimated fair value 3,360 2,221
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) 16,816 15,086
Total investments 257,962 253,832
Cash and cash equivalents, principally at estimated fair value (includes $83 and $0, respectively, relating to variable interest entities) 7,111 8,392
Accrued investment income 2,054 2,031
Premiums, reinsurance and other receivables 35,362 35,488
Market risk benefits, at estimated fair value 262 257
Deferred policy acquisition costs and value of business acquired 2,844 2,865
Current income tax recoverable 480 482
Deferred income tax asset 2,751 2,490
Other assets 4,131 4,168
Separate account assets 73,224 73,511
Total assets 386,181 383,516
Liabilities    
Future policy benefits 134,736 136,432
Policyholder account balances 106,376 104,091
Market risk benefits, at estimated fair value 2,047 2,201
Other policy-related balances 8,898 8,642
Policyholder dividends payable 194 197
Payables for collateral under securities loaned and other transactions 13,271 11,698
Long-term debt 997 1,045
Notes Issued by Collateralized Financing Entities 791 0
Other liabilities (includes $45 and $0, respectively, relating to variable interest entities) 31,621 31,164
Separate account liabilities 73,224 73,511
Total liabilities 372,155 368,981
Contingencies, Commitments and Guarantees (Note 14)
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 5 5
Additional paid-in capital 12,475 12,475
Retained earnings 6,662 6,677
Accumulated other comprehensive income (loss) (5,836) (5,236)
Total Metropolitan Life Insurance Company stockholder’s equity 13,306 13,921
Noncontrolling interests 720 614
Total equity 14,026 14,535
Total liabilities and equity $ 386,181 $ 383,516