MetLife 2009 Annual Report Download - page 213
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December 31, 2008
(In millions)
Fixedmaturitysecurities................................................... $514
Equitysecurities........................................................ 1
Mortgageloans ........................................................ 41
Policyloans........................................................... 35
Realestateandrealestatejointventuresheld-for-investment........................... 2
Totalinvestments .................................................... 593
Cashandcashequivalents................................................. 32
Accruedinvestmentincome ................................................ 7
Premiumsandotherreceivables.............................................. 19
DACandVOBA ........................................................ 232
Deferredincometaxasset ................................................. 61
Otherassets .......................................................... 2
Totalassetsheld-for-sale ............................................... $946
Futurepolicybenefits..................................................... $180
Policyholderaccountbalances............................................... 356
Otherpolicyholderfunds................................................... 181
Policyholderdividendspayable .............................................. 4
Currentincometaxpayable................................................. 1
Otherliabilities ......................................................... 26
Totalliabilitiesheld-for-sale................................................ $748
Reinsurance Group of America, Incorporated
As more fully described in Note 2, the Company completed a tax-free split-off of its majority-owned subsidiary, RGA in September 2008.
The following table presents the amounts related to the operations of RGA that have been reflected as discontinued operations in the
consolidated statements of operations:
2008 2007
Years Ended December 31,
(In millions)
Revenues:
Premiums..................................................... $3,535 $4,910
Netinvestmentincome ............................................ 597 908
Otherrevenues ................................................. 69 77
Netinvestmentgains(losses) ........................................ (249) (177)
Totalrevenues ................................................ 3,952 5,718
Expenses:
Policyholderbenefitsandclaims ...................................... 2,989 3,989
Interestcreditedtopolicyholderaccountbalances........................... 108 262
Otherexpenses................................................. 699 1,226
Totalexpenses ................................................ 3,796 5,477
Incomebeforeprovisionforincometax ................................... 156 241
Provisionforincometax............................................. 53 84
Income from discontinued operations, net of income tax, available to MetLife, Inc.’s common
shareholders................................................... 103 157
Income from discontinued operations, net of income tax, attributable to noncontrolling
interests...................................................... 94 141
Lossondisposal,netofincometax ..................................... (458) —
Income(loss)fromdiscontinuedoperations,netofincometax .................... $ (261) $ 298
F-129MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)