This is a Fun Club figurine from the Precious Moments collection. It is the 2002 Charter Symbol of Membership figurine.
It depicts a baby seal sitting on a block of ice. He has the telltale lipstick mark on his cheek where he has been kissed.
This figurine bears the sandal production mark of 2001 and it comes in the original Fun Club presentation box, along with a poster.
The original charter membership package would have also included a plush seal, called Cecilia, but unfortunately it is not included with this particular figurine. Also, one side of the handle on the outer box is no longer attached.