MetLife 2005 Annual Report Download - page 122

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METLIFE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)
Other Comprehensive Income
The following table sets forth the reclassification adjustments required for the years ended December 31, 2005, 2004 and 2003 in other
comprehensive income (loss) that are included as part of net income for the current year that have been reported as a part of other comprehensive
income (loss) in the current or prior year:
Years Ended December 31,
2005 2004 2003
(In millions)
Holding gains (losses) on investments arising during the year***************************************** $(3,329) $ 513 $1,528
Income tax effect of holding (losses) gains ******************************************************** 1,253 74 (575)
Reclassification adjustments:
Recognized holding (gains) losses included in current year income ********************************** 156 (218) 351
Amortization of premiums and accretion of discounts associated with investments ********************* (199) (94) (168)
Income tax effect *************************************************************************** 16 (45) (68)
Allocation of holding gains (losses) on investments relating to other policyholder amounts ***************** 1,670 (182) (606)
Income tax effect of allocation of holding gains (losses) to other policyholder amounts ******************** (629) (26) 228
Unrealized investment gains of subsidiary at date of sale ******************************************** 15 — —
Deferred income taxes on unrealized investment gains of subsidiary at date of sale ********************** (5) — —
Net unrealized investment gains (losses) ********************************************************** (1,052) 22 690
Foreign currency translation adjustments arising during the year*************************************** (86) 144 177
Reclassification adjustment for sale of investment in foreign operation********************************** 5— —
Foreign currency translation adjustment *********************************************************** (81) 144 177
Minimum pension liability adjustment ************************************************************* 89 (2) (82)
Other comprehensive income (losses) ************************************************************ $(1,044) $ 164 $ 785
15. Other Expenses
Other expenses were comprised of the following:
Years Ended December 31,
2005 2004 2003
(In millions)
Compensation****************************************************************************** $ 3,163 $ 2,874 $ 2,707
Commissions ****************************************************************************** 3,266 2,876 2,473
Interest and debt issue costs ***************************************************************** 659 408 478
Amortization of DAC and VOBA *************************************************************** 2,451 1,908 1,820
Capitalization of DAC ************************************************************************ (3,604) (3,101) (2,792)
Rent, net of sublease income ***************************************************************** 296 264 254
Minority interest***************************************************************************** 154 152 110
Other ************************************************************************************* 2,882 2,432 2,118
Total other expenses ********************************************************************** $ 9,267 $ 7,813 $ 7,168
MetLife, Inc.
F-60