MetLife 2012 Annual Report Download - page 157
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MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Equity Securities: FVO and Trading Securities:
Common
Stock
Non-
redeemable
Preferred
Stock
Actively
Traded
Securities
FVO
General
Account
Securities
FVO
Contractholder-
directed
Unit-linked
Investments Short-term
Investments
Mortgage
Loans Held-
for-sale MSRs (6)
(In millions)
Year Ended December 31, 2012:
Balance, January 1, ................ $ 281 $ 438 $ — $ 23 $ 1,386 $ 590 $ 1,414 $ 666
Total realized/unrealized gains
(losses) included in:
Net income (loss): (1), (2)
Net investment income ......... — — — 18 25 2 — —
Net investment gains (losses) ..... (1) 2 — — — — — —
Net derivative gains (losses) ...... — — — — — — — —
Other revenues ............... — — — — — — (35) (83)
Policyholder benefits and claims . . — — — — — — — —
Other expenses ............... — — — — — — — —
Other comprehensive income
(loss) ........................ 13 40 — — — (26) — —
Purchases (3) ..................... 99 5 6 — 604 425 1 —
Sales (3) ......................... (140) (66) — (9) (1,040) (559) (1,348) (485)
Issuances (3) ..................... — — — — — — 7 43
Settlements (3) .................... — — — — — — (43) (141)
Transfers into Level 3 (4) ............ 3 — — — — 5 56 —
Transfers out of Level 3 (4) .......... (65) — — — (38) (8) (3) —
Balance, December 31, ............ $ 190 $ 419 $ 6 $ 32 $ 937 $ 429 $ 49 $ —
Changes in unrealized gains (losses)
included in net income (loss): (5)
Net investment income ......... $ — $ — $ — $ 14 $ 25 $ 1 $ — $ —
Net investment gains (losses) ..... $ (11) $ — $ — $ — $ — $ — $ — $ —
Net derivative gains (losses) ...... $ — $ — $ — $ — $ — $ — $ — $ —
Other revenues ...............$ — $ — $ — $ — $ — $ — $ (29) $ —
Policyholder benefits and claims . . $ — $ — $ — $ — $ — $ — $ — $ —
Other expenses ............... $ — $ — $ — $ — $ — $ — $ — $ —
MetLife, Inc. 151