MetLife 2011 Annual Report Download - page 169
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MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Net Derivatives:(7)
Net
Embedded
Derivatives(8)
Separate
Account
Assets(9)
Long-term
Debt of
CSEs(10)
Interest
Rate
Contracts
Foreign
Currency
Contracts Credit
Contracts
Equity
Market
Contracts
(In millions)
Year Ended December 31, 2010:
Balance, January 1, ...................................... $ 7 $108 $ 42 $199 $(1,455) $1,797 $ —
Total realized/unrealized gains (losses) included in:
Earnings:(1), (2)
Net investment income ............................... — — — — — — —
Net investment gains (losses) .......................... — — — — — 132 48
Net derivative gains (losses) ............................ 36 46 4 (88) (343) — —
Other revenues ..................................... 1 — — — — — —
Policyholder benefits and claims ........................ — — — — 8 — —
Other expenses ..................................... — (4) — — — — —
Other comprehensive income (loss) ....................... (107) 2 13 11 (226) — —
Purchases, sales, issuances and settlements(3) ................ (23) (57) (15) 20 (422) 242 (232)
Transfers into Level 3(4) .................................. — — — — — 46 —
Transfers out of Level 3(4) ................................. — (22) — — — (234) —
Balance, December 31, .................................. $ (86) $ 73 $ 44 $142 $(2,438) $1,983 $(184)
Changes in unrealized gains (losses) relating to assets and liabilities
still held at December 31, 2010 included in earnings:
Net investment income ............................... $ — $ — $— $ — $ — $ — $ —
Net investment gains (losses) .......................... $ — $ — $— $ — $ — $ — $ 48
Net derivative gains (losses) ............................ $ 36 $ 45 $ 6 $(82) $ (363) $ — $ —
Other revenues ..................................... $ 5 $ — $— $ — $ — $ — $ —
Policyholder benefits and claims ........................ $ — $ — $— $ — $ 8 $ — $ —
Other expenses ..................................... $ — $ — $ — $ — $ — $ — $ —
MetLife, Inc. 165