Consolidated Summary of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2014

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, 2014

(In millions)



Types of Investments	Cost or Amortized Cost (1)		Estimated Fair Value		Amount at Which Shown on Balance Sheet
Fixed maturity securities:
Bonds:
U.S. Treasury and agency securities	$	54,654	$	61,516	$	61,516
Foreign government securities	47,327		52,666		52,666
Public utilities	26,229		29,640		29,640
State and political subdivision securities	12,922		15,187		15,187
All other corporate bonds	126,128		136,247		136,247
Total bonds	267,260		295,256		295,256
Mortgage-backed and asset-backed securities	65,947		68,427		68,427
Redeemable preferred stock	1,573		1,742		1,742
Total fixed maturity securities	334,780		365,425		365,425
Fair value option and trading securities	15,355		16,689		16,689
Equity securities:
Common stock:
Industrial, miscellaneous and all other	1,805		2,276		2,276
Banks, trust and insurance companies	185		240		240
Non-redeemable preferred stock	1,086		1,115		1,115
Total equity securities	3,076		3,631		3,631
Mortgage loans held-for-investment	60,118				60,118
Policy loans	11,618				11,618
Real estate and real estate joint ventures	10,205				10,205
Real estate acquired in satisfaction of debt	320				320
Other limited partnership interests	8,085				8,085
Short-term investments	8,621				8,621
Other invested assets	21,283				21,283
Total investments	$	473,461			$	505,995

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(1)

The Company’s FVO 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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