MetLife 2011 Annual Report Download - page 151
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MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
The following tables present the amount and location of gains (losses) recognized in income for derivatives that were not designated or qualifying as
hedging instruments:
Net
Derivative
Gains (Losses)
Net
Investment
Income(1)
Policyholder
Benefits
and
Claims(2) Other
Revenues(3) Other
Expenses(4)
(In millions)
For the Year Ended December 31, 2011:
Interest rate swaps ................................................ $2,544 $ (2) $ — $ 367 $—
Interest rate floors ................................................. 517 — — — —
Interest rate caps ................................................. (228) — — — —
Interest rate futures ................................................ 100 1 — (11) —
Equity futures .................................................... (3) (6) (99) — —
Foreign currency swaps ............................................ 70 — — — —
Foreign currency forwards .......................................... 310 (9) — — —
Currency futures .................................................. 32 — — — —
Currency options ................................................. (69) — — — —
Equity options .................................................... 941 (26) 5 — —
Interest rate options ............................................... 1,021 — — 24 —
Interest rate forwards .............................................. (14) — — (144) —
Variance swaps .................................................. 244 (3) 7 — —
Credit default swaps ............................................... 175 5 — — —
Total rate of return swaps ........................................... (4) — — — —
Total ......................................................... $5,636 $ (40) $ (87) $ 236 $—
For the Year Ended December 31, 2010:
Interest rate swaps ................................................ $ 622 $ 4 $ 39 $172 $—
Interest rate floors ................................................. 144 — — — —
Interest rate caps ................................................. (185) — — — —
Interest rate futures ................................................ 77 (4) — (3) —
Equity futures .................................................... (58) (25) (314) — —
Foreign currency swaps ............................................ 52 — — — —
Foreign currency forwards .......................................... 250 55 — — —
Currency futures .................................................. (23) — — — —
Currency options ................................................. (83) (1) — — (4)
Equity options .................................................... (683) (16) — — —
Interest rate options ............................................... 25 — — (6) —
Interest rate forwards .............................................. 8 — — (74) —
Variance swaps .................................................. (55) — — — —
Credit default swaps ............................................... 34 (2) — — —
Total rate of return swaps ........................................... 14 — — — —
Total ......................................................... $ 139 $ 11 $(275) $ 89 $ (4)
For the Year Ended December 31, 2009:
Interest rate swaps ................................................ $(1,700) $ (5) $ (13) $(161) $—
Interest rate floors ................................................. (907) — — — —
Interest rate caps ................................................. 33 — — — —
Interest rate futures ................................................ (366) 2 — — —
Equity futures .................................................... (681) (38) (363) — —
Foreign currency swaps ............................................ (405) — — — —
Foreign currency forwards .......................................... (102) (24) — — —
Currency options ................................................. (36) (1) — — (3)
Equity options .................................................... (1,713) (68) — — —
Interest rate options ............................................... (379) — — — —
Interest rate forwards .............................................. (7) — — (4) —
Variance swaps .................................................. (276) (13) — — —
Swap spreadlocks ................................................ (38) — — — —
Credit default swaps ............................................... (243) (11) — — —
Total rate of return swaps ........................................... 63 — — — —
Total ......................................................... $(6,757) $(158) $(376) $(165) $ (3)
MetLife, Inc. 147