Consolidated Summary of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2013

Summary of Investments, Other than Investments in Related Parties [Abstract]

Consolidated Summary of Investments - Other Than Investments in Related Parties

MetLife, Inc.

Schedule I

Consolidated Summary of Investments —

Other Than Investments in Related Parties

December 31, 2013

(In millions)



Types of Investments	Cost or Amortized Cost (1)		Estimated Fair Value		Amount at Which Shown on Balance Sheet
Fixed maturity securities:
Bonds:
Foreign government securities	$	50,717	$	54,437	$	54,437
U.S. Treasury and agency securities	43,928		45,123		45,123
Public utilities	27,512		29,897		29,897
State and political subdivision securities	13,233		13,830		13,830
All other corporate bonds	130,469		137,682		137,682
Total bonds	265,859		280,969		280,969
Mortgage-backed and asset-backed securities	65,740		67,176		67,176
Redeemable preferred stock	2,000		2,042		2,042
Total fixed maturity securities	333,599		350,187		350,187
Fair value option and trading securities	16,403		17,423		17,423
Equity securities:
Common stock:
Industrial, miscellaneous and all other	1,760		2,143		2,143
Banks, trust and insurance companies	167		210		210
Non-redeemable preferred stock	1,085		1,049		1,049
Total equity securities	3,012		3,402		3,402
Mortgage loans:
Held-for-investment	57,703				57,703
Held-for-sale	3				3
Mortgage loans, net	57,706				57,706
Policy loans	11,764				11,764
Real estate and real estate joint ventures	10,267				10,267
Real estate acquired in satisfaction of debt	445				445
Other limited partnership interests	7,401				7,401
Short-term investments	13,955				13,955
Other invested assets	16,229				16,229
Total investments	$	470,781			$	488,779

______________

(1)

The Company’s fair value option and trading securities portfolio is mainly comprised of fixed maturity and equity securities, including mutual funds and, to a lesser extent, short-term investments and cash and cash equivalents. Cost or amortized cost for fixed maturity securities and mortgage loans held-for-investment represents original cost reduced by repayments, valuation allowances and impairments from other-than-temporary declines in estimated fair value that are charged to earnings and adjusted for amortization of premiums or accretion of discounts; for equity securities, cost represents original cost reduced by impairments from other-than-temporary declines in estimated fair value; for real estate, cost represents original cost reduced by impairments and adjusted for valuation allowances and depreciation; for real estate joint ventures and other limited partnership interests cost represents original cost reduced for impairments or original cost adjusted for equity in earnings and distributions.

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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