MetLife 2010 Annual Report Download - page 178
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Fair Value of Financial Instruments
Amounts related to the Company’s financial instruments that were not measured at fair value on a recurring basis, were as follows:
December 31, 2010 Notional
Amount Carrying
Value
Estimated
Fair
Value
(In millions)
Assets
Mortgage loans:(1)
Held-for-investment.................................................... $ 52,215 $ 54,006
Held-for-sale ........................................................ $ 811 $ 811
Mortgageloans,net .................................................. $ 53,026 $ 54,817
Policyloans .......................................................... $ 11,914 $ 13,406
Realestatejointventures(2)................................................ $ 451 $ 482
Otherlimitedpartnershipinterests(2) .......................................... $ 1,539 $ 1,619
Short-terminvestments(3) ................................................. $ 822 $ 822
Otherinvestedassets(2) .................................................. $ 1,490 $ 1,490
Cashandcashequivalents ................................................ $ 13,046 $ 13,046
Accruedinvestmentincome................................................ $ 4,381 $ 4,381
Premiums,reinsuranceandotherreceivables(2)................................... $ 3,752 $ 4,048
Otherassets(2)........................................................ $ 466 $ 453
Liabilities
Policyholderaccountbalances(2) ............................................ $146,927 $152,850
Payablesforcollateralundersecuritiesloanedandothertransactions..................... $ 27,272 $ 27,272
Bankdeposits......................................................... $ 10,316 $ 10,371
Short-termdebt........................................................ $ 306 $ 306
Long-termdebt(2) ...................................................... $ 20,734 $ 21,892
Collateralfinancingarrangements ............................................ $ 5,297 $ 4,757
Juniorsubordinateddebtsecurities........................................... $ 3,191 $ 3,461
Otherliabilities(2)....................................................... $ 2,777 $ 2,777
Separateaccountliabilities(2)............................................... $ 42,160 $ 42,160
Commitments(4)
Mortgageloancommitments ............................................... $3,754 $ — $ (17)
Commitments to fund bank credit facilities, bridge loans and private corporate bond investments . . . $2,437 $ — $ —
F-89MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)