MetLife 2009 Annual Report Download - page 163

Information regarding goodwill by segment and reporting unit is as follows:
2009 2008
December 31,
(In millions)
U.S. Business:
Insurance Products:
Grouplife......................................................... $ 2 $ 2
Individuallife....................................................... 1,263 1,265
Non-medicalhealth................................................... 149 149
TotalInsuranceProducts.............................................. 1,414 1,416
RetirementProducts ................................................... 1,692 1,692
CorporateBenefitFunding ............................................... 900 900
Auto&Home........................................................ 157 157
TotalU.S.Business ..................................................... 4,163 4,165
International:
LatinAmericaregion ................................................... 214 184
AsiaPacificregion..................................................... 160 152
EMEIregion......................................................... 40 37
TotalInternational .................................................. 414 373
Banking,Corporate&Other................................................ 470 470
Total............................................................... $5,047 $5,008
As described in more detail in Note 1, the Company performed its annual goodwill impairment tests during the third quarter of 2009 based
upon data at June 30, 2009 that indicated that goodwill was not impaired. During the fourth quarter of 2009, the Company realigned its
reportable segments. See Notes 1 and 22. The 2009 annual goodwill impairment tests were based on the segment structure in existence
prior to such realignment. The realignment did not significantly change the reporting units for goodwill impairment testing purposes and
management concluded that no additional tests were required at December 31, 2009.
Previously, due to economic conditions, the sustained low level of equity markets, declining market capitalizations in the insurance
industry and lower operating earnings projections, particularly in individual annuity and variable & universal life reporting units, management
performed an interim goodwill impairment test at December 31, 2008 and again, for certain reporting units most affected by the current
economic environment at March 31, 2009. Based upon the tests performed, management concluded no impairment of goodwill had
occurred for any of the Company’s reporting units at March 31, 2009 and December 31, 2008.
Management continues to evaluate current market conditions that may affect the estimated fair value of the Company’s reporting units to
assess whether any goodwill impairment exists. Continued deteriorating or adverse market conditions for certain reporting units may have a
significant impact on the estimated fair value of these reporting units and could result in future impairments of goodwill.
F-79MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)