MetLife 2009 Annual Report Download - page 147

December 31, 2008 Notional Amount Carrying Value
Estimated
Fair
Value
(In millions)
Assets:
Fixedmaturitysecurities................................................. $188,251 $188,251
Equitysecurities...................................................... $ 3,197 $ 3,197
Tradingsecurities..................................................... $ 946 $ 946
Mortgage loans:
Held-for-investment .................................................. $ 49,352 $ 48,133
Held-for-sale....................................................... 2,012 2,010
Mortgageloans,net................................................. $ 51,364 $ 50,143
Policyloans......................................................... $ 9,802 $ 11,952
Realestatejointventures(1) .............................................. $ 163 $ 176
Otherlimitedpartnershipinterests(1) ........................................ $ 1,900 $ 2,269
Short-terminvestments ................................................. $ 13,878 $ 13,878
Other invested assets:(1)
Derivativeassets(2) .................................................. $133,565 $ 12,306 $ 12,306
Mortgageservicingrights............................................... $ 191 $ 191
Other ........................................................... $ 801 $ 900
Cashandcashequivalents............................................... $ 24,207 $ 24,207
Accruedinvestmentincome .............................................. $ 3,061 $ 3,061
Premiumsandotherreceivables(1).......................................... $ 2,995 $ 3,473
Otherassets(1) ...................................................... $ 800 $ 629
Assetsofsubsidiariesheld-for-sale(1)........................................ $ 630 $ 649
Separateaccountassets ................................................ $120,839 $120,839
Netembeddedderivativeswithinassethostcontracts(3)............................ $ 205 $ 205
Liabilities:
Policyholderaccountbalances(1)........................................... $103,290 $ 95,950
Payables for collateral under securities loaned and other transactions . . . . . . . . . . . . . . . . . . . $ 31,059 $ 31,059
Bankdeposits ....................................................... $ 6,884 $ 6,952
Short-termdebt...................................................... $ 2,659 $ 2,659
Long-termdebt(1)..................................................... $ 9,619 $ 8,155
Collateralfinancingarrangements........................................... $ 5,192 $ 1,880
Juniorsubordinateddebtsecurities ......................................... $ 3,758 $ 2,606
Other liabilities:(1)
Derivativeliabilities(2) ................................................. $ 64,523 $ 4,042 $ 4,042
Tradingliabilities .................................................... $ 57 $ 57
Other ........................................................... $ 638 $ 638
Liabilitiesofsubsidiariesheld-for-sale(1) ...................................... $ 50 $ 49
Separateaccountliabilities(1) ............................................. $ 28,862 $ 28,862
Netembeddedderivativeswithinliabilityhostcontracts(3)........................... $ 3,051 $ 3,051
Commitments:(4)
Mortgageloancommitments.............................................. $ 2,690 $ — $ (129)
Commitments to fund bank credit facilities, bridge loans and private corporate bond
investments ....................................................... $ 971 $ — $ (105)
(1) Carrying values presented herein differ from those presented in the consolidated balance sheets because certain items within the
respective financial statement caption are not considered financial instruments. Financial statement captions excluded from the table
above are not considered financial instruments.
(2) Derivative assets are presented within other invested assets and derivative liabilities are presented within other liabilities. At December 31,
2009 and 2008, certain non-derivative hedging instruments of $0 and $323 million, respectively, which are carried at amortized cost, are
included with the liabilities total in Note 4 but are excluded from derivative liabilities here as they are not derivative instruments.
F-63MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)