MetLife 2008 Annual Report Download - page 155
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The amortized cost and estimated fair value of fixed maturity securities, by contractual maturity date (excluding scheduled sinking
funds), are as follows:
Amortized
Cost Estimated
Fair Value Amortized
Cost Estimated
Fair Value
2008 2007
December 31,
(In millions)
Dueinoneyearorless............................... $ 5,556 $ 5,491 $ 4,362 $ 4,453
Due after one year through five years . . . . . . . . . . . . . . . . . . . . . . 33,604 30,884 41,297 42,013
Due after five years through ten years . . . . . . . . . . . . . . . . . . . . . 41,481 36,895 38,969 39,227
Dueaftertenyears.................................. 58,547 55,786 61,959 64,083
Subtotal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 139,188 129,056 146,587 149,776
Mortgage-backed and asset-backed securities . . . . . . . . . . . . . . . 70,320 59,195 82,767 82,560
Totalfixedmaturitysecurities.......................... $209,508 $188,251 $229,354 $232,336
Fixed maturity securities not due at a single maturity date have been included in the above table in the year of final contractual maturity.
Actual maturities may differ from contractual maturities due to the exercise of prepayment options.
Net Unrealized Investment Gains (Losses)
The components of net unrealized investment gains (losses), included in accumulated other comprehensive income (loss), are as
follows:
2008 2007 2006
Years Ended December 31,
(In millions)
Fixed maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(21,246) $ 3,479 $ 5,075
Equitysecurities............................................... (934) 159 541
Derivatives .................................................. (2) (373) (208)
Minorityinterest............................................... (10) (150) (159)
Other...................................................... 53 3 9
Subtotal................................................... (22,139) 3,118 5,258
Amounts allocated from:
Insuranceliabilitylossrecognition .................................. 42 (608) (1,149)
DACandVOBA.............................................. 3,025 (327) (189)
Policyholderdividendobligation ................................... — (789) (1,062)
Subtotal ................................................. 3,067 (1,724) (2,400)
Deferredincometax ............................................ 6,508 (423) (994)
Subtotal................................................... 9,575 (2,147) (3,394)
Net unrealized investment gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(12,564) $ 971 $ 1,864
F-32 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)