MetLife 2010 Annual Report Download - page 214

The underlying assets of the separate accounts are principally comprised of cash and cash equivalents, short-term investments, fixed
maturity and equity securities, mutual funds, real estate, private equity investments and hedge funds investments.
The comparative presentation of the 2009 plan assets has been realigned to conform to the 2010 presentation to disclose the estimated
fair value of the underlying assets of each separate account at the security level.
The pension and postretirement plan assets and liabilities measured at estimated fair value on a recurring basis were determined as
described below. These estimated fair values and their corresponding placement in the fair value hierarchy are summarized as follows:
Quoted
Prices
In Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Estimated
Fair
Value
Quoted
Prices
In Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Total
Estimated
Fair
Value
Fair Value Measurements at
Reporting Date Using Fair Value Measurements at Reporting Date Using
Pension Benefits Other Postretirement Benefits
December 31, 2010
(In millions)
Assets
Fixed maturity securities:
Corporate ................. $ — $1,528 $ 49 $1,577 $ — $ 67 $ 4 $ 71
Federalagencies............. — 175 — 175 — 15 — 15
Foreignbonds............... 1 222 4 227 — 19 — 19
Municipals ................. — 137 — 137 — 37 1 38
Preferredstocks ............. — 4 — 4 — — — —
U.S. government bonds . . . . . . . . 650 136 — 786 82 — — 82
Total fixed maturity securities . . . . 651 2,202 53 2,906 82 138 5 225
Equity securities:
Common stock — domestic . . . . . . 1,410 93 240 1,743 359 3 — 362
Common stock — foreign . . . . . . . 469 35 — 504 77 — — 77
Total equity securities . . . . . . . . 1,879 128 240 2,247 436 3 — 439
Money market securities . . . . . . . . . . 200 100 — 300 1 1 — 2
Pass-throughsecurities.......... — 321 2 323 — 73 6 79
Derivativesecurities ............ 3 (5) 11 9 — — — —
Short-term investments . . . . . . . . . . (9) 105 — 96 8 443 — 451
Otherinvestedassets ........... 16 63 471 550 — — — —
Otherreceivables.............. — 39 — 39 — 3 — 3
Securitiesreceivable............ — 70 — 70 — 2 — 2
Realestate .................. — — 8 8 — — — —
Total assets . . . . . . . . . . . . . $2,740 $3,023 $785 $6,548 $527 $663 $11 $1,201
Liabilities
Securitiespayable ............. $ — $ 60 $ — $ 60 $ — $ 1 $— $ 1
Totalliabilities ............ $ — $ 60 $ — $ 60 $ — $ 1 $— $ 1
Total assets and liabilities . . . $2,740 $2,963 $785 $6,488 $527 $662 $11 $1,200
F-125MetLife, Inc.
MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)