MetLife 2009 Annual Report Download - page 157
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(10) Investment performance related to separate account assets is fully offset by corresponding amounts credited to contractholders whose
liability is reflected within separate account liabilities.
(11) Embedded derivative assets and liabilities are presented net for purposes of the rollforward.
The table below summarizes both realized and unrealized gains and losses for the years ended December 31, 2009 and 2008 due to
changesinestimatedfairvaluerecordedinearnings for Level 3 assets and liabilities:
Net
Investment
Income
Net
Investment
Gains
(Losses) Other
Revenues
Policyholder
Benefits and
Claims Other
Expenses Total
Classification of Realized/Unrealized Gains
(Losses) included in Earnings
Total Gains an d Losse s
(In millions)
For the Year Ended December 31, 2009:
Fixed maturity securities:
U.S.corporatesecurities ........................ $15 $ (444) $ — $ — $ — $ (429)
RMBS .................................... 30 1 — — — 31
Foreigncorporatesecurities ...................... (4) (326) — — — (330)
U.S. Treasury, agency and government guaranteed
securities................................. — — — — — —
CMBS .................................... 1 (37) — — — (36)
ABS...................................... 8 (129) — — — (121)
Foreigngovernmentsecurities..................... 12 (52) — — — (40)
Stateandpoliticalsubdivisionsecurities .............. — — — — — —
Otherfixedmaturitysecurities..................... 1 — — — — 1
Totalfixedmaturitysecurities .................... $63 $ (987) $ — $ — $ — $ (924)
Equity securities:
Commonstock............................... $— $ (2) $ — $ — $ — $ (2)
Non-redeemablepreferredstock ................... — (357) — — — (357)
Totalequitysecurities......................... $— $ (359) $ — $ — $ — $ (359)
Tradingsecurities .............................. $16 $ — $ — $ — $ — $ 16
Short-terminvestments........................... $— $ (21) $ — $ — $ — $ (21)
Mortgageloans................................ $— $ — $ (3) $ — $ — $ (3)
Netderivatives ................................ $(13) $ (225) $(33) $ — $ (2) $ (273)
Mortgageservicingrights ......................... $— $ — $172 $ — $ — $ 172
Net embedded derivatives . . . . . . . . . . . . . . . . . . . . . . . . . $ — $1,716 $ — $(114) $ — $1,602
F-73MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)