MetLife 2011 Annual Report Download - page 136

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Commercial Mortgage Loans — by Credit Quality Indicators with Estimated Fair Value. See Note 1 for a discussion of all credit quality indicators
presented herein. Presented below for the commercial mortgage loans held-for-investment is the recorded investment, prior to valuation allowances, by
the indicated loan-to-value ratio categories and debt service coverage ratio categories and estimated fair value of such mortgage loans by the indicated
loan-to-value ratio categories at:
Commercial
Recorded Investment
Estimated
Fair Value %of Total
Debt Service Coverage Ratios
Total %of Total>1.20x 1.00x - 1.20x < 1.00x
(In millions) (In millions)
December 31, 2011:
Loan-to-value ratios:
Less than 65% ........................ $24,983 $ 448 $ 564 $25,995 64.3% $27,581 65.5%
65%to75% .......................... 8,275 336 386 8,997 22.3 9,387 22.3
76%to80% .......................... 1,150 98 226 1,474 3.6 1,473 3.5
Greater than 80% ...................... 2,714 880 380 3,974 9.8 3,664 8.7
Total ............................... $37,122 $1,762 $1,556 $40,440 100.0% $42,105 100.0%
December 31, 2010:
Loan-to-value ratios:
Less than 65% ........................ $16,663 $ 125 $ 483 $17,271 45.7% $18,183 46.9%
65%to75% .......................... 9,022 765 513 10,300 27.2 10,685 27.6
76%to80% .......................... 3,033 304 135 3,472 9.2 3,535 9.1
Greater than 80% ...................... 4,155 1,813 807 6,775 17.9 6,374 16.4
Total ............................... $32,873 $3,007 $1,938 $37,818 100.0% $38,777 100.0%
Agricultural Mortgage Loans — by Credit Quality Indicator. The recorded investment in agricultural mortgage loans held-for-investment, prior to
valuation allowances, by credit quality indicator, is as shown below. The estimated fair value of agricultural mortgage loans held-for-investment was
$13.6 billion and $12.9 billion at December 31, 2011 and 2010, respectively.
Agricultural
December 31,
2011 2010
Recorded
Investment %of Total Recorded Investment %of Total
(In millions) (In millions)
Loan-to-value ratios:
Less than 65% ....................................................... $11,802 89.9% $11,483 90.1%
65%to75%......................................................... 874 6.7 885 6.9
76%to80%......................................................... 76 0.6 48 0.4
Greater than 80% .................................................... 377 2.8 335 2.6
Total ............................................................. $13,129 100.0% $12,751 100.0%
Residential Mortgage Loans — by Credit Quality Indicator. The recorded investment in residential mortgage loans held-for-investment, prior to
valuation allowances, by credit quality indicator, is as shown below. The estimated fair value of residential mortgage loans held-for-investment was
$737 million and $2.3 billion at December 31, 2011 and 2010, respectively.
Residential
December 31,
2011 2010
Recorded
Investment %of Total Recorded Investment %of Total
(In millions) (In millions)
Performance indicators:
Performing .......................................................... $671 97.4% $2,149 96.3%
Nonperforming ....................................................... 18 2.6 82 3.7
Total ............................................................. $689 100.0% $2,231 100.0%
132 MetLife, Inc.