MetLife 2010 Annual Report Download - page 168

A rollforward of all assets and liabilities measured at estimated fair value on a recurring basis using significant unobservable (Level 3) inputs
is as follows:
Balance,
January 1, Earnings(1), (2)
Other
Comprehensive
Income (Loss)
Purchases,
Sales,
Issuances and
Settlements(3) Transfer Into Level 3 (4) Transfer Out of Level 3 (4) Balance, December 31,
Tot al Reali zed/Unrealized
Gains (Losses) included in:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(In millions)
Year Ended December 31, 2010:
Assets:
Fixed maturity securities:
U.S.corporatesecurities .................... $ 6,694 $ 9 $ 277 $ (415) $ 898 $ (314) $7,149
Foreigncorporatesecurities................... 5,292 (19) 323 304 501 (624) 5,777
RMBS................................ 1,840 27 63 (303) 87 (292) 1,422
Foreigngovernmentsecurities ................. 401 1 (93) 2,965 40 (155) 3,159
U.S. Treasury, agency and government guaranteed
securities............................. 37 — 2 (6) 46 — 79
CMBS................................ 139 (5) 89 684 132 (28) 1,011
ABS ................................. 2,712 (53) 411 1,286 32 (240) 4,148
Stateandpoliticalsubdivisionsecurities ........... 69 — (2) 9 — (30) 46
Otherfixedmaturitysecurities.................. 6 1 2 (5) — — 4
Totalfixedmaturitysecurities................. $17,190 $(39) $1,072 $4,519 $1,736 $(1,683) $22,795
Equity securities:
Commonstock .......................... $ 136 $ 5 $ 7 $ 128 $ 1 $ (9) $ 268
Non-redeemablepreferredstock................ 1,104 46 12 (250) — (7) 905
Totalequitysecurities ..................... $ 1,240 $51 $ 19 $ (122) $ 1 $ (16) $ 1,173
Trading and other securities:
ActivelyTradedSecurities.................... $ 32 $ — $ — $ (22) $ — $ — $ 10
FVOgeneralaccountsecurities................. 51 8 — (1) 37 (18) 77
FVO contractholder-directed unit-linked investments . . . . — (15) — 750 — — 735
Totaltradingandothersecurities .............. $ 83 $ (7) $ — $ 727 $ 37 $ (18) $ 822
Short-terminvestments....................... $ 23 $ 2 $ (9) $ 842 $ — $ — $ 858
Mortgageloansheld-for-sale ................... $ 25 $ (2) $ — $ — $ 10 $ (9) $ 24
MSRs(5),(6) ............................. $ 878 $(79) $ — $ 151 $ — $ — $ 950
Net derivatives:(7)
Interestratecontracts ...................... $ 7 $ 37 $ (107) $ (23) $ — $ — $ (86)
Foreigncurrencycontracts ................... 108 42 2 (57) — (22) 73
Creditcontracts.......................... 42 4 13 (15) — — 44
Equitymarketcontracts ..................... 199 (88) 11 20 — — 142
Totalnetderivatives ...................... $ 356 $ (5) $ (81) $ (75) $ — $ (22) $ 173
Separateaccountassets(8) .................... $ 1,895 $139 $ — $ 242 $ 46 $ (234) $2,088
Balance,
January 1, Earnings(1), (2)
Other
Comprehensive
Income (Loss)
Purchases,
Sales,
Issuances and
Settlements(3) Transfer Into Level 3(4) Transfer Out of Level 3(4) Balance, December 31,
Total Realized/Unrealized
(Gains) Losses included in:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
(In millions)
Year Ended December 31, 2010:
Liabilities:
Netembeddedderivatives(9).................... $1,455 $335 $226 $422 $— $— $2,438
Long-term debt of consolidated securitization entities(10) . . $ — $ (48) $ — $232 $— $— $ 184
Trading liabilities . . . . . ...................... $ — $ — $ — $ — $— $— $ —
F-79MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)