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Consolidated Summary of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2011

Consolidated Summary of Investments - Other Than Investments in Related Parties [Abstract]

Consolidated Summary of Investments - Other Than Investments in Related Parties

Schedule I

Consolidated Summary of Investments —

Other Than Investments in Related Parties

December 31, 2011

(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		$	49,840			$	52,536			$	52,536
U.S. Treasury and agency securities			34,132				40,012				40,012
Public utilities			11,959				13,590				13,590
State and political subdivision securities			11,975				13,235				13,235
All other corporate bonds			145,342				153,587				153,587

Total bonds			253,248				272,960				272,960
Mortgage-backed and asset-backed securities			73,675				74,685				74,685
Redeemable preferred stock			2,888				2,626				2,626
Other fixed maturity securities			—				—				—

Total fixed maturity securities			329,811				350,271				350,271

Trading and other securities			19,632				18,268				18,268

Equity securities:
Common stock:
Industrial, miscellaneous and all other			2,120				2,105				2,105
Banks, trust and insurance companies			99				100				100
Public utilities			—				—				—
Non-redeemable preferred stock			989				818				818

Total equity securities			3,208				3,023				3,023

Mortgage loans:
Held-for-investment			56,915								56,915
Held-for-sale			15,178								15,178

Mortgage loans, net			72,093								72,093

Policy loans			11,892								11,892
Real estate and real estate joint ventures			8,299								8,299
Real estate acquired in satisfaction of debt			264								264
Other limited partnership interests			6,378								6,378
Short-term investments			17,310								17,310
Other invested assets			23,628								23,628

Total investments		$	492,515							$	511,426

(1)

The Company’s trading and other 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 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 other-than-temporary impairments or original cost adjusted for equity in earnings and distributions.

MetLife, Inc.

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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