MetLife 2009 Annual Report Download - page 120
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The changes in net unrealized investment gains (losses) are as follows:
2009 2008 2007
Years Ended December 31,
(In millions)
Balance, beginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $(12,564) $ 971 $ 1,864
Cumulative effect of changes in accounting principle, net of income tax . . . . . . . . . . (76) (10) —
Fixed maturity securities on which noncredit OTTI losses have been recognized . . . . . (733) — —
Unrealizedinvestmentgains(losses)duringtheyear ...................... 20,745 (25,536) (2,149)
Unrealizedinvestmentlossesofsubsidiariesatthedateofdisposal ............ — 149 —
Unrealized investment gains (losses) relating to:
Insuranceliabilitygain(loss)recognition ............................. (160) 650 541
DAC and VOBA on which noncredit OTTI losses have been recognized . . . . . . . . . 61 — —
DACandVOBA............................................. (2,880) 3,370 (138)
DACandVOBAofsubsidiaryatdateofdisposal ....................... — (18) —
Policyholderdividendobligation .................................. — 789 273
Deferred income tax benefit (expense) on which noncredit OTTI losses have been
recognized .............................................. 235 — —
Deferredincometaxbenefit(expense) .............................. (5,969) 6,991 571
Deferred income tax benefit (expense) of subsidiaries at date of disposal . . . . . . . . — (60) —
Netunrealizedinvestmentgains(losses) .............................. (1,341) (12,704) 962
Net unrealized investment gains (losses) attributable to noncontrolling interests . . . . . 11 (10) 1
Net unrealized investment gains (losses) attributable to noncontrolling interests of
subsidiaryatdateofdisposal.................................... — 150 8
Balance, end of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ (1,330) $(12,564) $ 971
Change in net unrealized investment gains (losses) . . . . . . . . . . . . . . . . . . . . . . . $ 11,223 $(13,665) $ (902)
Change in net unrealized investment gains (losses) attributable to noncontrolling
interests ................................................. 11 (10) 1
Change in net unrealized investment gains (losses) attributable to noncontrolling
interestsofsubsidiaryatdateofdisposal ............................ — 150 8
Change in net unrealized investment gains (losses) attributable to MetLife, Inc.’s
common shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 11,234 $(13,525) $ (893)
F-36 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)