MetLife 2012 Annual Report Download - page 160

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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, 2011:
Balance, January 1, ................$ 268 $ 905 $ 10 $ 77 $ 735 $ 858 $ 24 $ 950
Total realized/unrealized gains
(losses) included in:
Net income (loss): (1), (2)
Net investment income .......... — (7) 5 3
Net investment gains (losses) ..... 14 (71) (2) — —
Net derivative gains (losses) ...... — — — —
Other revenues ................ — — — — 5 (314)
Policyholder benefits and claims . . — — — —
Other expenses ............... — — — —
Other comprehensive income
(loss) ........................ 5 5 2
Purchases (3) ..................... 106 3 1,246 600 3 —
Sales (3) ......................... (46) (416) (8) (33) (478) (870)
Issuances (3) ..................... — — — — 1,361 173
Settlements (3) .................... — — — — (87) (143)
Transfers into Level 3 (4) ............ — 12 121 109
Transfers out of Level 3 (4) .......... (66) (2) (14) (243) (1) (1) —
Balance, December 31, .............$ 281 $ 438 $ — $ 23 $ 1,386 $ 590 $ 1,414 $ 666
Changes in unrealized gains (losses)
included in net income (loss): (5)
Net investment income ..........$ — $ — $ — $ (8) $ (4) $ — $ — $
Net investment gains (losses) .....$ (6) $ (19) $ — $ — $ — $ (1) $ — $
Net derivative gains (losses) ......$ — $ — $ — $ — $ — $ — $ — $
Other revenues ................$ — $ — $ — $ — $ — $ — $ 5 $ (282)
Policyholder benefits and claims . . $ — $ — $ — $ — $ — $ — $ — $
Other expenses ...............$ — $ — $ — $ — $ — $ — $ — $
154 MetLife, Inc.