MetLife 2013 Annual Report Download - page 168
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MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
10. Fair Value (continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Net Derivatives: (6)
Interest
Rate
Foreign
Currency
Exchange
Rate Credit Equity
Market
Net
Embedded
Derivatives (7)
Separate
Account
Assets (8)
Long-term
Debt of
CSEs—FVO
(In millions)
Year Ended December 31, 2013:
Balance at January 1, ............................... $ 177 $ 37 $ 43 $ 128 $ (3,162) $ 1,205 $ (44)
Total realized/unrealized gains
(losses) included in:
Net income (loss): (1), (2)
Net investment income ........................... — — — — — — —
Net investment gains (losses) ...................... — — — — — 35 (2)
Net derivative gains (losses) ....................... (16) (49) (12) (479) 5,041 — —
Other revenues ................................. — — — — — — —
Policyholder benefits and claims ................... — — — 19 (139) — —
Other expenses ................................ — — — — — — —
OCI............................................ (102) (1) — — 300 — —
Purchases (3) ...................................... — — — 14 — 294 —
Sales (3) .......................................... — — — — — (319) —
Issuances (3) ...................................... — — (1) — — 72 —
Settlements (3) ..................................... (31) 2 (1) 1 (782) — 18
Transfers into Level 3 (4) ............................. — — — — — 240 —
Transfers out of Level 3 (4) ............................ (15) — — — — (62) —
Balance at December 31, ............................ $ 13 $ (11) $ 29 $ (317) $ 1,258 $ 1,465 $ (28)
Changes in unrealized gains (losses) included in net income
(loss): (5)
Net investment income ........................... $ — $ — $ — $ — $ — $ — $ —
Net investment gains (losses) ...................... $ — $ — $ — $ — $ — $ — $ —
Net derivative gains (losses) ....................... $ (8) $ (46) $ (10) $ (463) $ 5,022 $ — $ —
Other revenues ................................. $ — $ — $ — $ — $ — $ — $ —
Policyholder benefits and claims ................... $ — $ — $ — $ 19 $ (135) $ — $ —
Other expenses ................................ $ — $ — $ — $ — $ — $ — $ —
160 MetLife, Inc.