MetLife 2006 Annual Report Download - page 73

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The following table presents the amortized cost and valuation allowances for agricultural mortgage loans distributed by loan classi-
fication at:
Amortized
Cost(1) %of
Total Valuation
Allowance
%of
Amortized
Cost Amortized
Cost(1) %of
Total Valuation
Allowance
%of
Amortized
Cost
December 31, 2006 December 31, 2005
(In millions)
Performing.................. $9,172 99.4% $11 0.1% $7,635 99.0% $ 8 0.1%
Restructured................. 9 0.1 — —% 36 0.5 — —%
Potentiallydelinquent........... 2 — — —% 3 — 1 33.3%
Delinquent or under foreclosure . . . . 48 0.5 7 14.6% 37 0.5 2 5.4%
Total . . . . . . . . . . . . . . . . . . . . $9,231 100.0% $18 0.2% $7,711 100.0% $11 0.1%
(1) Amortized cost is equal to carrying value before valuation allowances.
The following table presents the changes in valuation allowances for agricultural mortgage loans for the:
2006 2005 2004
Years Ended
December 31,
(In millions)
BalanceatJanuary1,........................................................ $11 $ 7 $6
Additions ................................................................ 10 4 5
Deductions............................................................... (3) — (4)
BalanceatDecember31,...................................................... $18 $11 $7
Consumer Loans. Consumer loans consist of residential mortgages and auto loans.
The following table presents the amortized cost and valuation allowances for consumer loans distributed by loan classification at:
Amortized
Cost(1) %of
Total Valuation
Allowance
%of
Amortized
Cost Amortized
Cost(1) %of
Total Valuation
Allowance
%of
Amortized
Cost
December 31, 2006 December 31, 2005
(In millions)
Performing.................. $1,155 97.1% $10 0.9% $1,454 98.1% $13 0.9%
Restructured................. — — — —% — — — —%
Potentiallydelinquent........... 17 1.4 — —% 9 0.6 — —%
Delinquent or under foreclosure . . . . 18 1.5 1 5.6% 20 1.3 2 10.0%
Total . . . . . . . . . . . . . . . . . . . . $1,190 100.0% $11 0.9% $1,483 100.0% $15 1.0%
(1) Amortized cost is equal to carrying value before valuation allowances.
The following table presents the changes in valuation allowances for consumer loans for the:
2006 2005 2004
Years Ended
December 31,
(In millions)
BalanceatJanuary1,........................................................ $15 $ 1 $1
Additions ................................................................ — 17 1
Deductions............................................................... (4) (3) (1)
BalanceatDecember31,...................................................... $11 $15 $1
70 MetLife, Inc.