MetLife 2011 Annual Report Download - page 215

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
A rollforward of all pension and other postretirement benefit plan assets measured at estimated fair value on a recurring basis using significant
unobservable (Level 3) inputs was as follows:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Pension Benefits Other Postretirement Benefits
Fixed Maturity
Securities: Equity Securities:
Pass-
Through
Securities Derivative Securities
Other
Invested
Assets
Fixed Maturity
Securities:
Pass-
Through
Securities Derivative SecuritiesCorporate Foreign Bonds
Common
Stock-
Domestic Corporate Municipals
(In millions)
Year Ended December 31, 2011:
Balance, January 1, .............................. $49 $ 4 $240 $ 2 $— $471 $ 4 $ 1 $ 6 $—
Total realized/unrealized gains (losses) included in: ......
Earnings:
Net investment income ........................ — — — — — — — — — —
Net investment gains (losses) ................... — — (59) (1) 2 85 — — (1) —
Net derivative gains (losses) .................... — — — — — — — — — —
Other revenues .............................. — — — — — — — — — —
Policyholder benefits and claims ................. — — — — — — — — — —
Other expenses ............................. — — — — — — — — — —
Other comprehensive income (loss) ................ (4) (1) 118 1 4 45 — — 1 1
Purchases ..................................... — 2 7 1 — 97 — — — —
Sales ......................................... (13) — (100) (2) (2) (167) — — (1) —
Issuances ...................................... — — — — — — — — — —
Settlements .................................... — — — — — — — — — —
Transfers into Level 3 ............................. — — — 1 — — — — 1 —
Transfers out of Level 3 ........................... — — — — — — — — (1) —
Balance, December 31, ........................... $32 $ 5 $206 $ 2 $ 4 $531 $ 4 $ 1 $ 5 $ 1
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Pension Benefits Other Postretirement Benefits
Fixed Maturity
Securities: Equity Securities:
Pass-
Through
Securities
Other
Invested
Assets
Fixed Maturity
Securities:
Pass-
Through
SecuritiesCorporate Foreign Bonds
Common
Stock
Domestic Corporate Municipals
(In millions)
Year Ended December 31, 2010:
Balance, January 1, ......................................... $68 $ 5 $241 $ 69 $373 $— $— $ 9
Total realized/unrealized gains (losses) included in: .................
Earnings:
Net investment income ................................... — — — — — — — —
Net investment gains (losses) .............................. — — — (11) 78 — — (4)
Net derivative gains (losses) ............................... — — — — — — — —
Other revenues ......................................... — — — — — — — —
Policyholder benefits and claims ............................ — — — — — — — —
Other expenses ......................................... — — — — — — — —
Other comprehensive income (loss) ........................... 7 1 (2) 14 (4) 1 — 1
Purchases, sales, issuances and settlements ..................... (17) (2) 1 (71) 24 — — (1)
Transfers into Level 3 ........................................ 4 — — 2 — 3 1 1
Transfers out of Level 3 ....................................... (13) — — (1) — — — —
Balance, December 31, ...................................... $49 $ 4 $240 $ 2 $471 $ 4 $ 1 $ 6
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