MetLife 2013 Annual Report Download - page 202

MetLife, Inc.
Notes to the Consolidated Financial Statements — (Continued)
18. Employee Benefit Plans (continued)
The pension and postretirement plan assets measured at estimated fair value on a recurring basis were determined as described in “— Plan
Assets.” These estimated fair values and their corresponding placement in the fair value hierarchy are summarized as follows:
December 31, 2013
Pension Benefits Other Postretirement Benefits
Fair Value Hierarchy Fair Value Hierarchy
Level 1 Level 2 Level 3
Total
Estimated
Fair Value Level 1 Level 2 Level 3
Total
Estimated
Fair Value
(In millions)
Assets
Fixed maturity securities:
Corporate .............................................. $ — $2,073 $ 59 $2,132 $ — $170 $ 1 $ 171
U.S. government bonds ................................... 924 166 — 1,090 135 5 — 140
Foreign bonds ........................................... — 718 11 729 — 63 — 63
Federal agencies ......................................... — 292 — 292 — 33 — 33
Municipals .............................................. — 219 — 219 — 15 — 15
Other (1) ............................................... — 490 19 509 — 54 — 54
Total fixed maturity securities .............................. 924 3,958 89 4,971 135 340 1 476
Equity securities:
Common stock - domestic ................................. 1,133 22 148 1,303 328 — — 328
Common stock - foreign ................................... 460 — — 460 102 — — 102
Total equity securities ................................... 1,593 22 148 1,763 430 — — 430
Other investments .......................................... — — 600 600 — — — —
Short-term investments ...................................... 53 309 — 362 — 439 — 439
Money market securities ..................................... 1 12 — 13 4 — — 4
Derivative assets ........................................... 17 15 35 67 — 3 — 3
Total assets ......................................... $2,588 $4,316 $872 $7,776 $569 $782 $ 1 $1,352
December 31, 2012
Pension Benefits Other Postretirement Benefits
Fair Value Hierarchy Fair Value Hierarchy
Level 1 Level 2 Level 3
Total
Estimated
Fair Value Level 1 Level 2 Level 3
Total
Estimated
Fair Value
(In millions)
Assets
Fixed maturity securities:
Corporate .............................................. $ — $2,260 $ 19 $2,279 $ — $165 $ 4 $ 169
U.S. government bonds ................................... 1,153 160 — 1,313 175 3 — 178
Foreign bonds ........................................... — 761 8 769 — 51 — 51
Federal agencies ......................................... 1 335 — 336 — 26 — 26
Municipals .............................................. — 258 — 258 — 70 1 71
Other (1) ............................................... — 490 7 497 — 55 3 58
Total fixed maturity securities .............................. 1,154 4,264 34 5,452 175 370 8 553
Equity securities:
Common stock - domestic ................................. 1,092 38 137 1,267 249 1 — 250
Common stock - foreign ................................... 362 — — 362 83 — — 83
Total equity securities ................................... 1,454 38 137 1,629 332 1 — 333
Other investments .......................................... — 117 447 564 — — — —
Short-term investments ...................................... — 214 — 214 — 432 — 432
Money market securities ..................................... 2 10 — 12 1 — — 1
Derivative assets ........................................... — 7 1 8 — 1 — 1
Total assets ......................................... $2,610 $4,650 $619 $7,879 $508 $804 $ 8 $1,320
(1) Other primarily includes mortgage-backed securities, collateralized mortgage obligations and ABS.
194 MetLife, Inc.