MetLife 2011 Annual Report Download - page 167

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Fixed Maturity Securities:
U.S.
Corporate
Securities
Foreign
Corporate
Securities
Foreign
Government
Securities RMBS
U.S.
Treasury
and Agency
Securities CMBS
State and
Political
Subdivision
Securities ABS
Other
Fixed
Maturity
Securities
(In millions)
Year Ended December 31, 2010:
Balance, January 1, ..................... $6,694 $5,244 $ 378 $2,884 $37 $ 139 $ 69 $1,659 $ 6
Total realized/unrealized gains (losses) included
in:
Earnings:(1), (2)
Net investment income ............... 22 15 6 64 — 1 — 9 1
Net investment gains (losses) .......... (13) (34) (5) (59) — (6) — (40) —
Net derivative gains (losses) ........... — — — — — — — — —
Other revenues ..................... — — — — — — — — —
Policyholder benefits and claims ........ — — — — — — — — —
Other expenses ..................... — — — — — — — — —
Other comprehensive income (loss) ....... 277 318 (95) 305 2 89 (2) 168 2
Purchases, sales, issuances and settlements(3) (415) 305 2,965 (445) (6) 684 9 1,435 (5)
Transfers into Level 3(4) .................. 898 502 40 91 46 132 — 28 —
Transfers out of Level 3(4) ................. (314) (624) (155) (299) — (28) (30) (233) —
Balance, December 31, .................. $7,149 $5,726 $3,134 $2,541 $79 $1,011 $ 46 $3,026 $ 4
Changes in unrealized gains (losses) relating to
assets and liabilities still held at
December 31, 2010 included in earnings:
Net investment income ............... $ 13 $ 15 $ 10 $ 63 $— $ 1 $ — $ 9 $ 1
Net investment gains (losses) .......... $ (44) $ (43) $ — $ (29) $— $ (6) $ — $ (23) $—
Net derivative gains (losses) ........... $ — $ — $ — $ — $— $ — $— $ — $—
Other revenues ..................... $ — $ — $ — $ — $— $ — $— $ — $—
Policyholder benefits and claims ........ $ — $ — $ — $ — $— $ — $— $ — $—
Other expenses ..................... $ — $ — $ — $ — $— $ — $ — $ — $—
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