MetLife 2010 Annual Report Download - page 193

Information regarding the closed block liabilities and assets designated to the closed block was as follows:
2010 2009
December 31,
(In millions)
Closed Block Liabilities
Futurepolicybenefits .................................................. $43,456 $43,576
Otherpolicy-relatedbalances ............................................. 316 307
Policyholderdividendspayable ............................................ 579 615
Policyholderdividendobligation............................................ 876 —
Currentincometaxpayable .............................................. 178 —
Otherliabilities....................................................... 627 576
Totalclosedblockliabilities ............................................. 46,032 45,074
Assets Designated to the Closed Block
Investments:
Fixed maturity securities available-for-sale, at estimated fair value (amortized cost: $27,067 and
$27,129, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28,768 27,375
Equity securities available-for-sale, at estimated fair value (cost: $110 and $204, respectively) . . 102 218
Mortgageloans..................................................... 6,253 6,200
Policyloans ....................................................... 4,629 4,538
Realestateandrealestatejointventuresheld-for-investment ....................... 328 321
Short-terminvestments................................................ 1 1
Otherinvestedassets................................................. 729 463
Totalinvestments .................................................. 40,810 39,116
Cashandcashequivalents............................................... 236 241
Accruedinvestmentincome .............................................. 518 489
Premiums,reinsuranceandotherreceivables................................... 95 78
Currentincometaxrecoverable............................................ — 112
Deferredincometaxassets .............................................. 474 612
Totalassetsdesignatedtotheclosedblock .................................. 42,133 40,648
Excessofclosedblockliabilitiesoverassetsdesignatedtotheclosedblock............... 3,899 4,426
Amounts included in accumulated other comprehensive income (loss):
Unrealized investment gains (losses), net of income tax of $594 and $89, respectively . . . . . . . 1,101 166
Unrealized gains (losses) on derivative instruments, net of income tax of $5 and ($3),
respectively...................................................... 10 (5)
Allocated to policyholder dividend obligation, net of income tax of ($307) and $0, respectively . . (569) —
Total amounts included in accumulated other comprehensive income (loss) . . . . . . . . . . . . . . 542 161
Maximum future earnings to be recognized from closed block assets and liabilities . . . . . . . . . . . $ 4,441 $ 4,587
Information regarding the closed block policyholder dividend obligation was as follows:
2010 2009 2008
Years Ended
December 31,
(In millions)
BalanceatJanuary1,................................................. $ — $— $789
Changeinunrealizedinvestmentandderivativegains(losses)....................... 876 — (789)
BalanceatDecember31, .............................................. $876 $— $ —
F-104 MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)