MetLife 2012 Annual Report Download - page 161
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MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Net Derivatives: (7)
Interest
Rate
Foreign
Currency
Exchange
Rate Credit Equity
Market
Net
Embedded
Derivatives (8)
Separate
Account
Assets (9)
Long-term
Debt of
CSEs
Liability
Related
to Securitized
Reverse
Mortgage
Loans
(In millions)
Year Ended December 31, 2011:
Balance, January 1, ..........................$ (86) $ 73 $ 44 $ 142 $ (2,438) $ 1,983 $ (184) $ —
Total realized/unrealized gains
(losses) included in:
Net income (loss): (1), (2)
Net investment income .................... — — — (3) — — — —
Net investment gains (losses) ............... — — — — — 39 (8) —
Net derivative gains (losses) ................ 41 (28) (43) 601 (1,277) — — —
Other revenues .......................... 62 — — — — — — —
Policyholder benefits and claims ............. — — — 7 86 — — —
Other expenses ......................... — — — — — — — —
Other comprehensive income (loss) ............ 329 — 14 1 (119) — — —
Purchases (3) ............................... (1) — 1 228 — 284 — —
Sales (3) ................................... — — — — — (743) — —
Issuances (3) ............................... — — (3) (4) — — — (1,175)
Settlements (3) .............................. (44) (1) (12) (8) (455) — 76 —
Transfers into Level 3 (4) ...................... (1) — — — — 19 — —
Transfers out of Level 3 (4) ..................... — — — (75) — (257) — —
Balance, December 31, .......................$ 300 $ 44 $ 1 $ 889 $ (4,203) $ 1,325 $ (116) $ (1,175)
Changes in unrealized gains (losses) included in net
income (loss): (5)
Net investment income ....................$ — $ — $ — $ — $ — $ — $ — $ —
Net investment gains (losses) ...............$ — $ — $ — $ — $ — $ — $ (8) $ —
Net derivative gains (losses) ................$ 24 $ (24) $ (42) $ 601 $ (1,303) $ — $ — $ —
Other revenues ..........................$ 68 $ — $ — $ — $ — $ — $ — $ —
Policyholder benefits and claims .............$ — $ — $ — $ 7 $ 94 $ — $ — $ —
Other expenses .........................$ — $ — $ — $ — $ — $ — $ — $ —
MetLife, Inc. 155