MetLife 2008 Annual Report Download - page 160
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At December 31, 2008 and 2007, the Company’s gross unrealized losses related to its fixed maturity and equity securities of
$29.8 billion and $4.7 billion, respectively, were concentrated, calculated as a percentage of gross unrealized loss, as follows:
2008 2007
December 31,
Sector:
U.S.corporatesecurities ..................................................... 33% 44%
Foreigncorporatesecurities ................................................... 19 16
Residentialmortgage-backedsecurities............................................ 16 8
Asset-backedsecurities...................................................... 13 11
Commercialmortgage-backedsecurities ........................................... 11 4
Stateandpoliticalsubdivisionsecurities ........................................... 3 2
Foreigngovernmentsecurities.................................................. 1 4
Other.................................................................. 4 11
Total ................................................................. 100% 100%
Industry:
Mortgage-backed.......................................................... 27% 12%
Finance ................................................................ 24 33
Asset-backed............................................................. 13 11
Consumer............................................................... 11 3
Utility.................................................................. 8 8
Communication ........................................................... 5 2
Industrial................................................................ 4 19
Foreigngovernment......................................................... 1 4
Other.................................................................. 7 8
Total ................................................................. 100% 100%
Net Investment Gains (Losses)
The components of net investment gains (losses) are as follows:
2008 2007 2006
Years Ended December 31,
(In millions)
Fixed maturity securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(1,949) $(615) $(1,119)
Equitysecurities................................................. (257) 164 84
Mortgageandconsumerloans........................................ (136) 3 (8)
Realestateandrealestatejointventures................................. (18) 46 102
Otherlimitedpartnershipinterests ..................................... (140) 16 1
Freestandingderivatives............................................ 6,560 61 (410)
Embeddedderivatives ............................................. (2,650) (321) 202
Other........................................................ 402 68 (234)
Net investment gains (losses) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,812 $(578) $(1,382)
F-37MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)