MetLife 2011 Annual Report Download - page 168

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Equity Securities: Trading and Other Securities:
Common
Stock
Non-
redeemable
Preferred
Stock
Actively
Traded
Securities
FVO
General
Account
Securities
FVO
Contractholder-
directed
Unit-linked
Investments Short-term Investments
Residential
Mortgage
Loans Held-
for-sale MSRs (5),(6)
(In millions)
Year Ended December 31, 2010:
Balance, January 1, ......................... $136 $1,102 $ 32 $ 51 $ — $ 23 $25 $878
Total realized/unrealized gains (losses)
included in:
Earnings:(1), (2)
Net investment income ................... — — — 8 (15) 2 — —
Net investment gains (losses) .............. 5 46 — — — — — —
Net derivative gains (losses) ............... — — — — — — — —
Other revenues ......................... — — — — — — (2) (79)
Policyholder benefits and claims ............ — — — — — — — —
Other expenses ........................ — — — — — — — —
Other comprehensive income (loss) ........... 7 12 — — — (9) — —
Purchases, sales, issuances and settlements(3) . . . 128 (250) (22) (1) 750 842 — 151
Transfers into Level 3(4) ...................... 1 — — 37 — — 10 —
Transfers out of Level 3(4) .................... (9) (5) — (18) — — (9) —
Balance, December 31, ...................... $268 $ 905 $ 10 $ 77 $735 $858 $24 $950
Changes in unrealized gains (losses) relating to
assets and liabilities still held at December 31,
2010 included in earnings:
Net investment income ................... $ — $ — $ — $12 $(15) $ 2 $ — $ —
Net investment gains (losses) .............. $ (2) $ (3) $ — $ — $ — $ — $— $ —
Net derivative gains (losses) ............... $ — $ — $— $ — $ — $ — $— $ —
Other revenues ......................... $ — $ — $ — $ — $ — $ — $(2) $(28)
Policyholder benefits and claims ............ $ — $ — $ — $ — $ — $ — $— $ —
Other expenses ........................ $ — $ — $— $— $ — $ — $— $ —
164 MetLife, Inc.