MetLife 2010 Annual Report Download - page 188
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Information regarding the liabilities for guarantees (excluding base policy liabilities) relating to annuity and universal and variable life
contracts is as follows:
Guaranteed
Death
Benefits
Guaranteed
Annuitization
Benefits Secondary
Guarantees Paid-Up
Guarantees Total
Annuity Contracts Universal and Variable
Life Contracts
(In millions)
Direct
Balance at January 1, 2008 . . . . . . . . . . . . . . . . . . $ 80 $ 78 $ 152 $121 $ 431
Incurredguaranteedbenefits................ 267 325 119 19 730
Paidguaranteedbenefits .................. (96) — — — (96)
Balance at December 31, 2008 . . . . . . . . . . . . . . . 251 403 271 140 1,065
Incurredguaranteedbenefits................ 118 (1) 233 34 384
Paidguaranteedbenefits .................. (201) — — — (201)
Balance at December 31, 2009 . . . . . . . . . . . . . . . 168 402 504 174 1,248
Acquisitions .......................... 46 110 2,952 — 3,108
Incurredguaranteedbenefits................ 149 111 536 24 820
Paidguaranteedbenefits .................. (91) — (1) — (92)
Balance at December 31, 2010 . . . . . . . . . . . . . . . $ 272 $623 $3,991 $198 $5,084
Ceded
Balance at January 1, 2008 . . . . . . . . . . . . . . . . . . $ 6 $ 4 $ 55 $ 75 $ 140
Incurredguaranteedbenefits................ 18 (4) 25 15 54
Paidguaranteedbenefits .................. (16) — — — (16)
Balance at December 31, 2008 . . . . . . . . . . . . . . . 8 — 80 90 178
Incurredguaranteedbenefits................ 26 — 102 32 160
Paidguaranteedbenefits .................. (28) — — — (28)
Balance at December 31, 2009 . . . . . . . . . . . . . . . 6 — 182 122 310
Acquisitions .......................... 30 — — — 30
Incurredguaranteedbenefits................ 18 (1) 412 17 446
Paidguaranteedbenefits .................. (15) — — — (15)
Balance at December 31, 2010 . . . . . . . . . . . . . . . $ 39 $ (1) $ 594 $139 $ 771
Net
Balance at January 1, 2008 . . . . . . . . . . . . . . . . . . $ 74 $ 74 $ 97 $ 46 $ 291
Incurredguaranteedbenefits................ 249 329 94 4 676
Paidguaranteedbenefits .................. (80) — — — (80)
Balance at December 31, 2008 . . . . . . . . . . . . . . . 243 403 191 50 887
Incurredguaranteedbenefits................ 92 (1) 131 2 224
Paidguaranteedbenefits .................. (173) — — — (173)
Balance at December 31, 2009 . . . . . . . . . . . . . . . 162 402 322 52 938
Acquisitions .......................... 16 110 2,952 — 3,078
Incurredguaranteedbenefits................ 131 112 124 7 374
Paidguaranteedbenefits .................. (76) — (1) — (77)
Balance at December 31, 2010 . . . . . . . . . . . . . . . $ 233 $624 $3,397 $ 59 $4,313
F-99MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)