MetLife 2010 Annual Report Download - page 183

Download and view the complete annual report

Please find page 183 of the 2010 MetLife annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 242

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188
  • 189
  • 190
  • 191
  • 192
  • 193
  • 194
  • 195
  • 196
  • 197
  • 198
  • 199
  • 200
  • 201
  • 202
  • 203
  • 204
  • 205
  • 206
  • 207
  • 208
  • 209
  • 210
  • 211
  • 212
  • 213
  • 214
  • 215
  • 216
  • 217
  • 218
  • 219
  • 220
  • 221
  • 222
  • 223
  • 224
  • 225
  • 226
  • 227
  • 228
  • 229
  • 230
  • 231
  • 232
  • 233
  • 234
  • 235
  • 236
  • 237
  • 238
  • 239
  • 240
  • 241
  • 242

Information regarding DAC and VOBA by segment and reporting unit is as follows:
2010 2009 2010 2009 2010 2009
December 31,
DAC VOBA Total
(In millions)
U.S. Business:
Insurance Products:
Grouplife.......................... $ 25 $ 27 $ $ $ 25 $ 27
Individual life . . . . . . . . . . . . . . . . . . . . . . . . 7,257 8,129 833 1,005 8,090 9,134
Non-medicalhealth ................... 965 942 965 942
Total Insurance Products . . . . . . . . . . . . . . . 8,247 9,098 833 1,005 9,080 10,103
Retirement Products . . . . . . . . . . . . . . . . . . . . 4,706 4,612 1,094 1,412 5,800 6,024
CorporateBenefitFunding ................ 74 72 1 2 75 74
Auto&Home......................... 190 181 190 181
Total U.S. Business . . . . . . . . . . . . . . . . . . 13,217 13,963 1,928 2,419 15,145 16,382
International........................... 3,000 2,426 9,159 444 12,159 2,870
Banking,Corporate&Other................. 2 3 1 1 3 4
Total .......................... $16,219 $16,392 $11,088 $2,864 $27,307 $19,256
7. Goodwill
Goodwill is the excess of cost over the estimated fair value of net assets acquired. Information regarding goodwill is as follows:
2010 2009 2008
December 31,
(In millions)
BalanceatJanuary1, ............................................ $ 5,047 $5,008 $4,814
Acquisitions................................................... 6,959 256
Effectofforeigncurrencytranslationandother ............................ (225) 39 (62)
BalanceatDecember31,.......................................... $11,781 $5,047 $5,008
Information regarding allocated goodwill by segment and reporting unit is as follows:
2010 2009
December 31,
(In millions)
U.S. Business:
Insurance Products:
Grouplife......................................................... $ 2 $ 2
Individuallife....................................................... 1,263 1,263
Non-medicalhealth................................................... 149 149
TotalInsuranceProducts.............................................. 1,414 1,414
RetirementProducts ................................................... 1,692 1,692
CorporateBenefitFunding ............................................... 900 900
Auto&Home........................................................ 157 157
TotalU.S.Business ..................................................... 4,163 4,163
International:
LatinAmerica........................................................ 229 214
AsiaPacific ......................................................... 72 160
EuropeandtheMiddleEast............................................... 38 40
TotalInternational .................................................. 339 414
Banking,Corporate&Other................................................ 470 470
Total............................................................... $4,972 $5,047
The above table does not include goodwill of $6,809 million at December 31, 2010, associated with ALICO which has not yet been
allocated to a reporting unit due to the timing of the Acquisition. See Note 2 for a description of acquisitions and dispositions.
F-94 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)