MetLife 2011 Annual Report Download - page 185

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Information regarding the types of guarantees relating to annuity contracts and universal and variable life contracts was as follows:
December 31,
2011 2010
In the
Event of Death At Annuitization In the Event of Death At Annuitization
(In millions)
Annuity Contracts(1)
Return of Net Deposits
Separate account value ................................... $ 60,935 $ 486 $ 55,753 $ 390
Net amount at risk(2) ..................................... $ 8,912(3) $ 404(4) $ 6,194(3) $ 289(4)
Average attained age of contractholders ...................... 62years 66 years 62 years 67 years
Anniversary Contract Value or Minimum Return
Separate account value ................................... $102,910 $ 71,934 $ 92,041 $ 55,668
Net amount at risk(2) ..................................... $ 7,729(3) $ 11,735(4) $ 5,297(3) $ 6,373(4)
Average attained age of contractholders ...................... 63years 62 years 62 years 61 years
Two Tier Annuities
General account value .................................... N/A $ 386 N/A $ 280
Net amount at risk(2) ..................................... N/A $ 60(5) N/A $ 49(5)
Average attained age of contractholders ...................... N/A 60years N/A 62 years
December 31,
2011 2010
Secondary
Guarantees Paid-Up Guarantees Secondary Guarantees Paid-Up Guarantees
(In millions)
Universal and Variable Life Contracts(1)
Account value (general and separate account) ....................... $ 12,946 $ 3,963 $ 11,015 $ 4,102
Net amount at risk (2) ........................................... $188,642(3) $ 24,991(3) $156,432(3) $ 26,851(3)
Average attained age of policyholders .............................. 53years 59 years 52 years 58 years
(1) The Company’s annuity and life contracts with guarantees may offer more than one type of guarantee in each contract. Therefore, the amounts listed
above may not be mutually exclusive.
(2) The net amount at risk is based on the direct and assumed amount at risk (excluding ceded reinsurance).
(3) The net amount at risk for guarantees of amounts in the event of death is defined as the current GMDB in excess of the current account balance at
the balance sheet date.
(4) The net amount at risk for guarantees of amounts at annuitization is defined as the present value of the minimum guaranteed annuity payments
available to the contractholder determined in accordance with the terms of the contract in excess of the current account balance.
(5) The net amount at risk for two tier annuities is based on the excess of the upper tier, adjusted for a profit margin, less the lower tier.
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