MetLife 2011 Annual Report Download - page 213

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
The pension and postretirement plan assets and liabilities measured at estimated fair value on a recurring basis were determined as described
below. These estimated fair values and their corresponding placement in the fair value hierarchy are summarized as follows:
December 31, 2011
Pension Benefits Other Postretirement Benefits
Fair Value Measurements at
Reporting Date Using
Total
Estimated
Fair
Value
Fair Value Measurements at
Reporting Date Using
Total
Estimated
Fair
Value
Quoted
Prices
in Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Quoted
Prices
in Active
Markets
for
Identical
Assets and
Liabilities
(Level 1)
Significant
Other
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
(In millions)
Assets:
Fixed maturity securities:
Corporate ....................................... $ — $1,932 $ 32 $1,964 $ — $139 $ 4 $ 143
Federal agencies ................................. 1 286 — 287 — 29 — 29
Foreign bonds .................................... — 213 5 218 — 13 — 13
Municipals ....................................... — 184 — 184 — 59 1 60
Preferred stocks .................................. — 2 — 2 — — — —
U.S. government bonds ............................ 1,007 187 — 1,194 160 1 — 161
Total fixed maturity securities ...................... 1,008 2,804 37 3,849 160 241 5 406
Equity securities:
Common stock — domestic ........................ 1,149 38 206 1,393 240 2 — 242
Common stock — foreign .......................... 287 — — 287 55 — — 55
Total equity securities ............................ 1,436 38 206 1,680 295 2 — 297
Money market securities .............................. 2 — — 2 — 1 — 1
Pass-through securities .............................. — 471 2 473 — 84 5 89
Derivative securities ................................. 30 10 4 44 — — 1 1
Short-term investments .............................. 4 401 — 405 6 435 — 441
Other invested assets ................................ — 69 531 600 — — — —
Other receivables ................................... — 47 — 47 — 4 — 4
Securities receivable ................................. — 8 — 8 — 1 — 1
Total assets .................................... $2,480 $3,848 $780 $7,108 $461 $768 $11 $1,240
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