MetLife 2008 Annual Report Download - page 157

Estimated
Fair Value
Gross
Unrealized
Loss Estimated Fair Value
Gross
Unrealized
Loss
Estimated
Fair
Value
Gross
Unrealized
Loss
Less than 12 Months Equal to or Greater than 12 Months Total
December 31, 2007
(In millions, except number of securities)
U.S.corporatesecurities.......................... $27,895 $1,358 $11,601 $ 718 $39,496 $2,076
Residential mortgage-backed securities . . . . . . . . . . . . . . . . 14,077 272 5,841 104 19,918 376
Foreign corporate securities . . . . . . . . . . . . . . . . . . . . . . . . 10,860 464 6,155 303 17,015 767
U.S.Treasury/agencysecurities ..................... 431 3 622 10 1,053 13
Commercial mortgage-backed securities . . . . . . . . . . . . . . . 2,406 98 3,728 96 6,134 194
Asset-backedsecurities .......................... 7,279 416 1,198 100 8,477 516
Foreigngovernmentsecurities ...................... 3,387 158 436 24 3,823 182
State and political subdivision securities . . . . . . . . . . . . . . . . 1,307 80 461 34 1,768 114
Otherfixedmaturitysecurities....................... 91 30 1 — 92 30
Total fixed maturity securities . . . . . . . . . . . . . . . . . . . . . . $67,733 $2,879 $30,043 $1,389 $97,776 $4,268
Equitysecurities ............................... $ 2,678 $ 378 $ 531 $ 71 $ 3,209 $ 449
Total number of securities in an unrealized loss position . . . . . . 7,476 2,650
Aging of Gross Unrealized Loss for Fixed Maturity and Equity Securities Available-for-Sale
The following tables present the cost or amortized cost, gross unrealized loss and number of securities for fixed maturity and equity
securities, where the estimated fair value had declined and remained below cost or amortized cost by less than 20%, or 20% or more at:
Less than
20% 20% or more Less than 20% 20% or more Less than 20% 20% or more
Cost or Amortized
Cost Gross Unrealized Loss Number of Securities
December 31, 2008
(In millions, except number of securities)
Fixed Maturity Securities:
Lessthansixmonths ................................ $32,658 $48,114 $2,358 $17,191 4,566 2,827
Six months or greater but less than nine months . . . . . . . . . . . . . . . 14,975 2,180 1,313 1,109 1,314 157
Nine months or greater but less than twelve months . . . . . . . . . . . . 16,372 3,700 1,830 2,072 934 260
Twelve months or greater . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23,191 650 2,533 415 1,809 102
Total ......................................... $87,196 $54,644 $8,034 $20,787
Equity Securities:
Lessthansixmonths ................................ $ 386 $ 1,190 $ 58 $ 519 351 551
Sixmonthsorgreaterbutlessthanninemonths............... 33 413 6 190 8 32
Nine months or greater but less than twelve months . . . . . . . . . . . . 3 487 — 194 5 15
Twelvemonthsorgreater ............................. 171 — 11 — 20 —
Total ......................................... $ 593 $ 2,090 $ 75 $ 903
F-34 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)