MetLife 2009 Annual Report Download - page 193

The underlying assets of the separate accounts are principally comprised of cash and cash equivalents, short-term investments, fixed
maturity and equity securities, mutual funds, real estate, private equity investments and hedge funds investments.
The fair values of the Subsidiaries’ pension plan assets at December 31, 2009 by asset class were as follows:
Quoted
Prices
In Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Estimated
Fair
Value
Quoted
Prices
In Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Estimated
Fair
Value
Fair Value Measurements at
Reporting Date Using Fair Value Measurements at Reporting Date Using
Pension Assets Other Postretirement Assets
December 31, 2009
(In millions)
Asset Class
Short-terminvestments ..... $23 $ — $ — $ 23 $11 $ — $— $ 11
Fixed maturities and equity
securities............. — 63 — 63 — 57 — 57
Insurance general account . . . — 90 — 90 — 440 — 440
Investments in separate
accounts — equity
securities:
Large cap growth(1) . . . . . . . — 115 — 115 — 68 — 68
Largecapvalue(2) ........ — — — — — 176 — 176
Largecapcore(3)......... — 1,338 — 1,338 — 24 — 24
Smallcapgrowth(4) ....... — 149 — 149 — — — —
Small cap core(5) . . . . . . . . . — 112 — 112 — 72 — 72
Developed international(6) . . . — 423 — 423 — 75 — 75
Total separate accounts —
equity securities . . . . . . . . — 2,137 — 2,137 — 415 — 415
Investments in separate
accounts — fixed income
securities:
Long duration (government &
credit)(7) ............. — 2,149 — 2,149 — — — —
Core(8)................ — 326 — 326 — 128 — 128
U.S. government and
agencies ............. — — — — — 17 — 17
Mortgage-backed securities . . — — — — — 28 — 28
Short-termandcash....... — 80 — 80 — 19 — 19
Total separate accounts —
fixed income securities . . . . — 2,555 — 2,555 — 192 — 192
Investments in separate
accounts — alternatives:
Multi-strategy hedge
funds(9).............. — 238 — 238 — 6 — 6
Realestate(10)........... — 49 242 291 — — — —
Private equity(11) . . . . . . . . . — — 373 373 — — — —
Total separate accounts —
alternatives............ — 287 615 902 — 6 — 6
Total ................. $23 $5,132 $615 $5,770 $11 $1,110 $— $1,121
(1) Investment portfolio includes U.S. equity securities with relatively large market capitalization that exhibit signs of above average sales
and earnings growth.
(2) Investment portfolio includes U.S. equity securities with relatively large market capitalization and low price to book and price to earnings
ratios.
F-109MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)