MetLife 2011 Annual Report Download - page 131

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
(1) Other OTTI losses recognized in earnings include impairments on equity securities, impairments on perpetual hybrid securities classified within fixed
maturity securities where the primary reason for the impairment was the severity and/or the duration of an unrealized loss position and fixed maturity
securities where there is an intent to sell or it is more likely than not that the Company will be required to sell the security before recovery of the
decline in estimated fair value.
Fixed maturity security OTTI losses recognized in earnings related to the following sectors and industries within the U.S. and foreign corporate
securities sector:
Years Ended December 31,
2011 2010 2009
(In millions)
Sector:
U.S. and foreign corporate securities — by industry:
Finance ......................................................................... $ 56 $126 $ 452
Consumer ...................................................................... 50 36 211
Communications ................................................................. 41 16 235
Industrial ........................................................................ 11 2 30
Utility ........................................................................... 10 3 89
Other industries .................................................................. 1 — 26
Total U.S. and foreign corporate securities ............................................ 169 183 1,043
Foreign government securities ......................................................... 486 — 1
RMBS ............................................................................ 214 117 258
ABS ............................................................................. 54 84 103
CMBS ........................................................................... 32 86 88
Total ......................................................................... $955 $470 $1,493
Equity security OTTI losses recognized in earnings related to the following sectors and industries:
Years Ended December 31,
2011 2010 2009
(In millions)
Sector:
Non-redeemable preferred stock .......................................................... $38 $ 7 $333
Common stock ....................................................................... 22 7 67
Total .............................................................................. $60 $14 $400
Industry:
Financial services industry:
Perpetual hybrid securities ............................................................... $38 $ 3 $310
Common and remaining non-redeemable preferred stock ...................................... — — 30
Total financial services industry ...................................................... 38 3 340
Other industries ....................................................................... 22 11 60
Total .............................................................................. $60 $14 $400
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