MetLife 2011 Annual Report Download - page 125

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
The changes in net unrealized investment gains (losses) were as follows:
Years Ended December 31,
2011 2010 2009
(In millions)
Balance, beginning of period .................................................... $ 2,990 $(1,330) $(12,564)
Cumulative effect of change in accounting principles, net of income tax ................... — 52 (76)
Fixed maturity securities on which noncredit OTTI losses have been recognized ............ (123) 242 (733)
Unrealized investment gains (losses) during the year .................................. 14,823 9,117 20,745
Unrealized investment gains (losses) of subsidiary at the date of disposal ................. (105) — —
Unrealized investment gains (losses) relating to:
Insurance liability gain (loss) recognition .......................................... (3,406) (554) (160)
Insurance liability gain (loss) recognition of subsidiary at the date of disposal ............. 82 — —
DAC and VOBA related to noncredit OTTI losses recognized in accumulated other
comprehensive income (loss) ................................................ 9 (33) 61
DAC and VOBA ............................................................ (899) (1,350) (2,880)
DAC and VOBA of subsidiary at date of disposal .................................. 11 — —
Policyholder dividend obligation ................................................ (2,043) (876) —
Deferred income tax benefit (expense) related to noncredit OTTI losses recognized in
accumulated other comprehensive income (loss) .................................. 39 (73) 235
Deferred income tax benefit (expense) ............................................ (2,908) (2,208) (5,969)
Deferred income tax benefit (expense) of subsidiary at date of disposal ................... 4 — —
Net unrealized investment gains (losses) ........................................... 8,474 2,987 (1,341)
Net unrealized investment gains (losses) attributable to noncontrolling interests ............. 5 3 11
Balance, end of period ........................................................ $ 8,479 $ 2,990 $ (1,330)
Change in net unrealized investment gains (losses) ................................... $ 5,484 $ 4,317 $ 11,223
Change in net unrealized investment gains (losses) attributable to noncontrolling interests ..... 5 3 11
Change in net unrealized investment gains (losses) attributable to MetLife, Inc. ............. $ 5,489 $ 4,320 $ 11,234
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