MetLife 2013 Annual Report Download - page 170

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
10. Fair Value (continued)
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Equity Securities: FVO and Trading Securities: Mortgage Loans:
Common
Stock
Non-
redeemable
Preferred
Stock
Actively
Traded
Securities
FVO
General
Account
Securities
FVO
Contractholder-
directed
Unit-linked
Investments Short-term Investments
Residential
Mortgage
Loans — FVO
Mortgage
Loans Held-
for-sale
(In millions)
Year Ended December 31, 2012:
Balance at January 1, ............ $ 281 $ 438 $ — $ 23 $ 1,386 $ 590 $ — $ 1,414
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)
Policyholder benefits and
claims ................... — — — — — — — —
Other expenses ............. — — — — — — — —
OCI......................... 13 40 — — — (26) — —
Purchases (3) ................... 99 5 6 — 604 425 — 1
Sales (3) ....................... (140) (66) — (9) (1,040) (559) — (1,348)
Issuances (3) ................... — — — — — — — 7
Settlements (3) .................. — — — — — — — (43)
Transfers into Level 3 (4) .......... 3 — — — — 5 — 56
Transfers out of Level 3 (4) ......... (65) — — — (38) (8) — (3)
Balance at 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 .............$ — $ — $ — $ — $ — $ — $ — $ —
162 MetLife, Inc.