MetLife 2010 Annual Report Download - page 136

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Equity security OTTI losses recognized in earnings related to the following sectors and industries:
2010 2009 2008
Years Ended December 31,
(In millions)
Sector:
Non-redeemablepreferredstock ..................................... $ 7 $ 333 $ 319
Commonstock................................................. 7 67 111
Total ....................................................... $14 $ 400 $ 430
Industry:
Financial services industry:
Perpetualhybridsecurities........................................ $ 3 $ 310 $ 90
Commonandremainingnon-redeemablepreferredstock.................... — 30 251
Totalfinancialservicesindustry ................................... 3 340 341
Otherindustries ................................................. 11 60 89
Total ....................................................... $14 $ 400 $ 430
Credit Loss Rollforward — Rollforward of the Cumulative Credit Loss Component of OTTI Loss Recognized in Earn-
ings on Fixed Maturity Securities Still Held for Which a Portion of the OTTI Loss Was Recognized in Other Compre-
hensive Income (Loss)
The table below presents a rollforward of the cumulative credit loss component of OTTI loss recognized in earnings on fixed maturity
securities still held by the Company at December 31, 2010 and 2009, respectively, for which a portion of the OTTI loss was recognized in
other comprehensive income (loss):
2010 2009
Years Ended December 31,
(In millions)
Balance,atJanuary1,................................................ $581 $ —
Credit loss component of OTTI loss not reclassified to other comprehensive income (loss) in
thecumulativeeffecttransitionadjustment ................................. — 230
Additions:
Initial impairments — credit loss OTTI recognized on securities not previously impaired . . . . . 109 311
Additional impairments — credit loss OTTI recognized on securities previously impaired . . . . 125 91
Reductions:
Due to sales (maturities, pay downs or prepayments) during the period of securities
previouslycreditlossOTTIimpaired .................................... (260) (49)
Due to securities de-recognized in connection with the adoption of new guidance related to
theconsolidationofVIEs............................................ (100) —
Due to securities impaired to net present value of expected future cash flows . . . . . . . . . . . (2) —
Duetoincreasesincashflows—accretionofpreviouscreditlossOTTI .............. (10) (2)
Balance,atDecember31, ............................................. $443 $581
F-47MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)