MetLife 2009 Annual Report Download - page 170
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The amounts in the consolidated statements of operations include the impact of reinsurance. Information regarding the effect of
reinsurance is as follows:
2009 2008 2007
Years Ended December 31,
(In millions)
Premiums:
Directpremiums............................................. $27,472 $27,058 $24,149
Reinsuranceassumed......................................... 1,313 1,466 1,192
Reinsuranceceded........................................... (2,325) (2,610) (2,371)
Netpremiums............................................. $26,460 $25,914 $22,970
Universal life and investment-type product policy fees:
Directuniversallifeandinvestment-typeproductpolicyfees ................ $ 5,790 $ 5,909 $ 5,686
Reinsuranceassumed......................................... 106 79 54
Reinsuranceceded........................................... (693) (607) (502)
Netuniversallifeandinvestment-typeproductpolicyfees ................ $ 5,203 $ 5,381 $ 5,238
Policyholder benefits and claims:
Directpolicyholderbenefitsandclaims .............................. $30,363 $29,772 $25,507
Reinsuranceassumed......................................... 1,024 1,235 804
Reinsuranceceded........................................... (3,051) (3,570) (2,528)
Netpolicyholderbenefitsandclaims .............................. $28,336 $27,437 $23,783
The amounts in the consolidated balance sheets include the impact of reinsurance. Information regarding the effect of reinsurance is as
follows:
Total
Balance
Sheet Assumed Ceded Total, Net of
Reinsurance
December 31, 2009
(In millions)
Assets:
Premiumsandotherreceivables.......................... $ 16,752 $ 550 $12,274 $ 3,928
Deferred policy acquisition costs and value of business acquired . . . . . 19,256 190 (206) 19,272
Totalassets...................................... $ 36,008 $ 740 $12,068 $ 23,200
Liabilities:
Futurepolicybenefits................................. $135,879 $2,000 $ (43) $133,922
Policyholder account balances . . . . . . . . . . . . . . . . . . . . . . . . . . . 138,673 1,321 — 137,352
Otherpolicyholderfunds............................... 8,446 257 494 7,695
Otherliabilities ..................................... 15,989 364 2,489 13,136
Totalliabilities..................................... $298,987 $3,942 $ 2,940 $292,105
F-86 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)