MetLife 2011 Annual Report Download - page 166

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
MSRs
(5),(6)
Net Derivatives:(7)
Net
Embedded
Derivatives(8)
Separate
Account
Assets(9)
Long-term
Debt of
CSEs
Liability
Related
to Securitized
Reverse
Mortgage
Loans
Interest
Rate
Contracts
Foreign
Currency
Contracts Credit Contracts
Equity
Market
Contracts
(In millions)
Year Ended December 31, 2011:
Balance, January 1, ................... $950 $(86) $ 73 $ 44 $142 $(2,438) $1,983 $(184) $ —
Total realized/unrealized gains (losses)
included in:
Earnings:(1), (2)
Net investment income ............ — — — — (3) — — — —
Net investment gains (losses) ....... — — — — — — 39 (8) —
Net derivative gains (losses) ......... — 41 (28) (43) 601 (1,277) — — —
Other revenues .................. (314) 62 — — — — — — —
Policyholder benefits and claims ..... — — — — 7 86 — — —
Other expenses .................. — — — — — — — — —
Other comprehensive income (loss) .... — 329 — 14 1 (119) — — —
Purchases(3) ........................ — (1) — 1 228 — 284 — —
Sales(3) ............................ — — — — — — (743) — —
Issuances(3) ........................ 173 — — (3) (4) — — — (1,175)
Settlements(3) ....................... (143) (44) (1) (12) (8) (455) — 76 —
Transfers into Level 3(4) ................ — (1) — — — — 19 — —
Transfers out of Level 3(4) .............. — — — — (75) — (257) — —
Balance, December 31, ............... $666 $300 $ 44 $ 1 $889 $(4,203) $1,325 $(116) $(1,175)
Changes in unrealized gains (losses)
relating to assets and liabilities still held at
December 31, 2011 included in
earnings:
Net investment income ............ $ — $ — $— $— $ — $ — $ — $ — $ —
Net investment gains (losses) ....... $ — $ — $ — $— $ — $ — $ — $ (8) $ —
Net derivative gains (losses) ......... $ — $ 24 $(24) $(42) $601 $(1,303) $ — $ — $ —
Other revenues .................. $(282) $ 68 $ — $ — $ — $ — $ — $ — $ —
Policyholder benefits and claims ..... $ — $ — $ — $ — $ 7 $ 94 $ — $ — $ —
Other expenses .................. $ — $ — $ — $— $ — $ — $ — $ — $ —
162 MetLife, Inc.