The following tables present the cost or amortized cost, gross unrealized gains and losses, estimated fair value of the Company's fixed maturity and equity securities and the percentage that each sector represents by the respective total holdings for the periods shown. The unrealized loss amounts presented below include the noncredit loss component of other-than-temporary impairment (“OTTI”) losses:

		June 30, 2011
		Cost or			Gross Unrealized					Estimated
		Amortized				Temporary		OTTI		Fair		% of
		Cost			Gains	Losses		Losses		Value		Total

			(In millions)

Fixed Maturity Securities:
U.S. corporate securities		$	15,125	$	916	$	220	$	0	$	15,821		33.8	%
Foreign corporate securities			8,409		561		70		0		8,900		19.0
U.S. Treasury and agency securities			8,615		131		135		0		8,611		18.4
Residential mortgage-backed securities (“RMBS”)			6,563		234		139		86		6,572		14.0
Commercial mortgage-backed securities (“CMBS”)			2,068		115		17		0		2,166		4.6
Asset-backed securities (“ABS”)			1,937		43		72		11		1,897		4.0
State and political subdivision securities			1,903		63		108		0		1,858		4.0
Foreign government securities			928		89		5		0		1,012		2.2
	Total fixed maturity securities (1), (2)	$	45,548	$	2,152	$	766	$	97	$	46,837		100.0	%

Equity Securities:
Non-redeemable preferred stock (1)		$	166	$	11	$	16	$	0	$	161		52.3	%
Common stock			127		21		1		0		147		47.7
	Total equity securities	$	293	$	32	$	17	$	0	$	308		100.0	%

		December 31, 2010
		Cost or			Gross Unrealized					Estimated
		Amortized				Temporary		OTTI		Fair		% of
		Cost			Gains	Losses		Losses		Value		Total

			(In millions)

Fixed Maturity Securities:
U.S. corporate securities		$	14,860	$	816	$	302	$	0	$	15,374		34.2	%
Foreign corporate securities			8,095		502		127		0		8,470		18.8
U.S. Treasury and agency securities			7,665		143		132		0		7,676		17.1
RMBS			6,803		203		218		79		6,709		14.9
CMBS			2,203		113		39		0		2,277		5.1
ABS			1,927		44		95		7		1,869		4.2
State and political subdivision securities			1,755		22		131		0		1,646		3.7
Foreign government securities			824		81		2		0		903		2.0
	Total fixed maturity securities (1), (2)	$	44,132	$	1,924	$	1,046	$	86	$	44,924		100.0	%

Equity Securities:
Non-redeemable preferred stock (1)		$	306	$	9	$	47	$	0	$	268		66.2	%
Common stock			121		17		1		0		137		33.8
	Total equity securities	$	427	$	26	$	48	$	0	$	405		100.0	%

			June 30, 2011		December 31, 2010
			Estimated		Estimated
Classification			Fair		Fair
Consolidated Balance Sheets	Sector Table	Primary Issuers	Value		Value

			(In millions)

Fixed maturity securities	Foreign corporate securities	Non-U.S. financial institutions	$	217	$	450
Fixed maturity securities	U.S. corporate securities	U.S. financial institutions	$	10	$	10
Equity securities	Non-redeemable preferred stock	Non-U.S. financial institutions	$	112	$	202
Equity securities	Non-redeemable preferred stock	U.S. financial institutions	$	32	$	35

The below investment grade and non-income producing amounts presented below are based on rating agency designations and equivalent designations of the National Association of Insurance Commissioners (“NAIC”), with the exception of certain structured securities described below held by MetLife Insurance Company of Connecticut and its domestic insurance subsidiary. Non-agency RMBS, CMBS and ABS held by MetLife Insurance Company of Connecticut and its domestic insurance subsidiary, are presented based on final ratings from the revised NAIC rating methodologies for structured securities (which may not correspond to rating agency designations). All NAIC designation (e.g., NAIC 1 — 6) amounts and percentages presented herein are based on the revised NAIC methodologies. All rating agency designation (e.g., Aaa/AAA) amounts and percentages presented herein are based on rating agency designations without adjustment for the revised NAIC methodologies described above. Rating agency designations are based on availability of applicable ratings from rating agencies on the NAIC acceptable rating organization list, including Moody's Investors Service (“Moody's”), Standard & Poor's Ratings Services (“S&P”) and Fitch Ratings (“Fitch”).

The following table presents selected information about certain fixed maturity securities held by the Company at:

		June 30, 2011		December 31, 2010

		(In millions)

Below investment grade or non-rated fixed maturity securities:
	Estimated fair value	$	4,072	$	4,027
	Net unrealized gains (losses)	$	(57)	$	(125)
Non-income producing fixed maturity securities:
	Estimated fair value	$	5	$	36
	Net unrealized gains (losses)	$	(1)	$	2

Concentrations of Credit Risk (Fixed Maturity Securities) — Summary. The following section contains a summary of the concentrations of credit risk related to fixed maturity securities holdings.

The Company was not exposed to any concentrations of credit risk of any single issuer greater than 10% of the Company's stockholders' equity, other than the government securities summarized in the table below.

Concentrations of Credit Risk (Government and Agency Securities). The following section contains a summary of the concentrations of credit risk related to government and agency fixed maturity and fixed-income securities holdings which were greater than 10% of the Company's equity at:

		June 30, 2011		December 31, 2010
		Carrying Value (1)

		(In millions)

U.S. Treasury and agency fixed maturity securities		$	8,611	$	7,676
U.S. Treasury and agency fixed-income securities included in:
	Short-term investments	$	1,841	$	935
	Cash equivalents	$	494	$	1,287

Concentrations of Credit Risk (Fixed Maturity Securities) — U.S. and Foreign Corporate Securities. The Company maintains a diversified portfolio of corporate fixed maturity securities across industries and issuers. This portfolio does not have an exposure to any single issuer in excess of 1% of total investments. The tables below present information for U.S. and foreign corporate securities at:

			June 30, 2011				December 31, 2010
			Estimated				Estimated
			Fair		% of		Fair		% of
			Value		Total		Value		Total

			(In millions)

Corporate fixed maturity securities — by sector:
	Foreign corporate fixed maturity securities (1)		$	8,900	36.0	%	$	8,470	35.5	%
U.S. corporate fixed maturity securities — by industry:
	Consumer			3,988	16.1			3,893	16.3
	Industrial			3,497	14.1			3,282	13.7
	Utility			3,372	13.6			3,379	14.2
	Finance			2,592	10.5			2,569	10.8
	Communications			1,544	6.3			1,444	6.1
	Other			828	3.4			807	3.4
		Total	$	24,721	100.0	%	$	23,844	100.0	%

		June 30, 2011				December 31, 2010
		Estimated				Estimated
		Fair		% of Total		Fair		% of Total
		Value		Investments		Value		Investments

		(In millions)

Concentrations within corporate fixed maturity securities:
	Largest exposure to a single issuer	$	250	0.4	%	$	252	0.4	%
	Holdings in ten issuers with the largest exposures	$	1,671	2.4	%	$	1,683	2.5	%

Concentrations of Credit Risk (Fixed Maturity Securities) — RMBS. The table below presents information on the Company's RMBS holdings at:

			June 30, 2011				December 31, 2010
			Estimated				Estimated
			Fair		% of		Fair		% of
			Value		Total		Value		Total

			(In millions)

By security type:
	Collateralized mortgage obligations		$	3,401	51.7	%	$	3,243	48.3	%
	Pass-through securities			3,171	48.3			3,466	51.7
		Total RMBS	$	6,572	100.0	%	$	6,709	100.0	%
By risk profile:
	Agency		$	4,762	72.5	%	$	5,080	75.7	%
	Prime			1,071	16.3			1,023	15.3
	Alternative residential mortgage loans			739	11.2			606	9.0
		Total RMBS	$	6,572	100.0	%	$	6,709	100.0	%

Rated Aaa/AAA			$	4,906	74.7	%	$	5,254	78.3	%

Rated NAIC 1			$	5,337	81.2	%	$	5,618	83.7	%

See Note 2 “— Investments — Concentrations of Credit Risk (Fixed Maturity Securities) — RMBS” of the Notes to the Consolidated Financial Statements included in the 2010 Annual Report for a description of the security types and risk profile.

The following tables present information on the Company's investment in alternative residential mortgage loans (“Alt-A”) RMBS at:

		June 30, 2011				December 31, 2010
		Estimated				Estimated
		Fair		% of		Fair		% of
		Value		Total		Value		Total

		(In millions)

Vintage Year:
2005 & Prior		$	361	48.8	%	$	311	51.3	%
2006			188	25.5			88	14.6
2007			190	25.7			207	34.1
2008 to 2011			0	0.0			0	0.0
	Total	$	739	100.0	%	$	606	100.0	%

			June 30, 2011				December 31, 2010
					% of				% of
			Amount		Total		Amount		Total

			(In millions)

Net unrealized gains (losses)			$	(129)			$	(141)
Rated Aa/AA or better					0.5	%			1.5	%
Rated NAIC 1					17.4	%			14.9	%
Distribution of holdings — at estimated fair value — by collateral type:
	Fixed rate mortgage loans collateral				97.2	%			96.1	%
	Hybrid adjustable rate mortgage loans collateral				2.8				3.9
		Total Alt-A RMBS			100.0	%			100.0	%

Concentrations of Credit Risk (Fixed Maturity Securities) — CMBS. The following tables present information about CMBS held by the Company at:

		June 30, 2011				December 31, 2010
		Estimated				Estimated
		Fair		% of		Fair		% of
		Value		Total		Value		Total

		(In millions)

Vintage Year:
2003 & Prior		$	728	33.6	%	$	947	41.6	%
2004			455	21.0			442	19.4
2005			430	19.9			431	18.9
2006			455	21.0			442	19.4
2007			16	0.7			15	0.7
2008 to 2011			82	3.8			0	0.0
	Total	$	2,166	100.0	%	$	2,277	100.0	%

		June 30, 2011				December 31, 2010
				% of				% of
		Amount		Total		Amount		Total

		(In millions)

Net unrealized gains (losses)		$	98			$	74
Rated Aaa/AAA				89	%			88	%
Rated NAIC 1				95	%			95	%

The tables above reflect rating agency designations assigned by nationally recognized rating agencies including Moody's, S&P, Fitch and Realpoint, LLC.

Concentrations of Credit Risk (Fixed Maturity Securities) — ABS. The Company's ABS are diversified both by collateral type and by issuer. The following table presents information about ABS held by the Company at:

			June 30, 2011				December 31, 2010
			Estimated				Estimated
			Fair		% of		Fair		% of
			Value		Total		Value		Total

				(In millions)

By collateral type:
	Credit card loans		$	565	29.8	%	$	753	40.3	%
	Collateralized debt obligations			364	19.2			254	13.5
	RMBS backed by sub-prime mortgage loans			231	12.2			247	13.2
	Student loans			210	11.0			174	9.3
	Utility loans			155	8.2			157	8.4
	Automobile loans			145	7.6			98	5.3
	Other loans			227	12.0			186	10.0
		Total	$	1,897	100.0	%	$	1,869	100.0	%

Rated Aaa/AAA			$	1,083	57.1	%	$	1,251	66.9	%

Rated NAIC 1			$	1,722	90.8	%	$	1,699	90.9	%

Concentrations of Credit Risk (Equity Securities). The Company was not exposed to any concentrations of credit risk in its equity securities holdings of any single issuer greater than 10% of the Company's stockholders' equity or 1% of total investments at June 30, 2011 and December 31, 2010.

Maturities of Fixed Maturity Securities. The amortized cost and estimated fair value of fixed maturity securities, by contractual maturity date (excluding scheduled sinking funds), were as follows at:

		June 30, 2011				December 31, 2010
				Estimated				Estimated
		Amortized		Fair		Amortized		Fair
		Cost		Value		Cost		Value

		(In millions)

Due in one year or less		$	1,816	$	1,833	$	1,874	$	1,889
Due after one year through five years			11,265		11,742		9,340		9,672
Due after five years through ten years			7,595		8,173		7,829		8,333
Due after ten years			14,304		14,454		14,156		14,175
	Subtotal		34,980		36,202		33,199		34,069
RMBS, CMBS and ABS			10,568		10,635		10,933		10,855
	Total fixed maturity securities	$	45,548	$	46,837	$	44,132	$	44,924

Actual maturities may differ from contractual maturities due to the exercise of call or prepayment options. Fixed maturity securities not due at a single maturity date have been included in the above table in the year of final contractual maturity. RMBS, CMBS and ABS are shown separately in the table, as they are not due at a single maturity.

As described more fully in Note 1 of the Notes to the Consolidated Financial Statements included in the 2010 Annual Report, the Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings, including fixed maturity securities, equity securities and perpetual hybrid securities, in accordance with its impairment policy in order to evaluate whether such investments are other-than-temporarily impaired.

The components of net unrealized investment gains (losses), included in accumulated other comprehensive income (loss), were as follows:

			June 30, 2011		December 31, 2010

			(In millions)

Fixed maturity securities			$	1,381	$	878
Fixed maturity securities with noncredit OTTI losses in accumulated other comprehensive
	income (loss)			(97)		(86)
		Total fixed maturity securities		1,284		792
Equity securities				18		(21)
Derivatives				(99)		(109)
Short-term investments				(2)		(2)
Other				(4)		(3)
		Subtotal		1,197		657
Amounts allocated from:
	Insurance liability loss recognition			(65)		(33)
	DAC and VOBA related to noncredit OTTI losses recognized in accumulated other
		comprehensive income (loss)		6		5
	DAC and VOBA			(213)		(126)
		Subtotal		(272)		(154)
Deferred income tax benefit (expense) related to noncredit OTTI losses recognized
	in accumulated other comprehensive income (loss)			33		30
Deferred income tax benefit (expense)				(347)		(196)
Net unrealized investment gains (losses)			$	611	$	337

The changes in fixed maturity securities with noncredit OTTI losses in accumulated other comprehensive income (loss), were as follows:

		June 30, 2011		December 31, 2010

		(In millions)

Balance, beginning of period		$	(86)	$	(141)
	Noncredit OTTI losses recognized (1)		(4)		(53)
	Transferred to retained earnings (2)		0		16
	Securities sold with previous noncredit OTTI loss		18		28
	Subsequent changes in estimated fair value		(25)		64
Balance, end of period		$	(97)	$	(86)

			Six Months
			Ended
			June 30, 2011

			(In millions)

Balance, beginning of period			$	337
Fixed maturity securities on which noncredit OTTI losses have been recognized				(11)
Unrealized investment gains (losses) during the period				551
Unrealized investment gains (losses) relating to:
	Insurance liability gain (loss) recognition			(32)
	DAC and VOBA related to noncredit OTTI losses recognized in accumulated other
		comprehensive income (loss)		1
	DAC and VOBA			(87)
	Deferred income tax benefit (expense) related to noncredit OTTI losses recognized in accumulated other
		comprehensive income (loss)		3
	Deferred income tax benefit (expense)			(151)
Balance, end of period			$	611

Change in net unrealized investment gains (losses)			$	274

Continuous Gross Unrealized Losses and OTTI Losses for Fixed Maturity and Equity Securities Available-for-Sale by Sector

The following tables present the estimated fair value and gross unrealized losses of the Company's fixed maturity and equity securities in an unrealized loss position, aggregated by sector and by length of time that the securities have been in a continuous unrealized loss position. The unrealized loss amounts presented below include the noncredit component of OTTI loss. Fixed maturity securities on which a noncredit OTTI loss has been recognized in accumulated other comprehensive income (loss) are categorized by length of time as being “less than 12 months” or “equal to or greater than 12 months” in a continuous unrealized loss position based on the point in time that the estimated fair value initially declined to below the amortized cost basis and not the period of time since the unrealized loss was deemed a noncredit OTTI loss.

		June 30, 2011
						Equal to or Greater
		Less than 12 Months				than 12 Months				Total
		Estimated		Gross		Estimated		Gross		Estimated		Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses

		(In millions, except number of securities)

Fixed Maturity Securities:
U.S. corporate securities		$	1,850	$	40	$	1,320	$	180	$	3,170	$	220
Foreign corporate securities			1,143		24		274		46		1,417		70
U.S. Treasury and agency securities			2,396		115		84		20		2,480		135
RMBS			1,888		41		1,066		184		2,954		225
CMBS			140		1		116		16		256		17
ABS			325		4		531		79		856		83
State and political subdivision securities			324		16		371		92		695		108
Foreign government securities			198		5		3		0		201		5
	Total fixed maturity securities	$	8,264	$	246	$	3,765	$	617	$	12,029	$	863

Equity Securities:
Non-redeemable preferred stock		$	20	$	3	$	68	$	13	$	88	$	16
Common stock			9		1		0		0		9		1
	Total equity securities	$	29	$	4	$	68	$	13	$	97	$	17
Total number of securities in an
	unrealized loss position		818				441

		December 31, 2010
						Equal to or Greater
		Less than 12 Months				than 12 Months				Total
		Estimated		Gross		Estimated		Gross		Estimated		Gross
		Fair		Unrealized		Fair		Unrealized		Fair		Unrealized
		Value		Losses		Value		Losses		Value		Losses

		(In millions, except number of securities)

Fixed Maturity Securities:
U.S. corporate securities		$	1,956	$	56	$	1,800	$	246	$	3,756	$	302
Foreign corporate securities			727		24		816		103		1,543		127
U.S. Treasury and agency securities			2,857		113		85		19		2,942		132
RMBS			2,228		59		1,368		238		3,596		297
CMBS			68		1		237		38		305		39
ABS			245		5		590		97		835		102
State and political subdivision securities			716		36		352		95		1,068		131
Foreign government securities			49		1		9		1		58		2
	Total fixed maturity securities	$	8,846	$	295	$	5,257	$	837	$	14,103	$	1,132

Equity Securities:
Non-redeemable preferred stock		$	26	$	5	$	187	$	42	$	213	$	47
Common stock			9		1		0		0		9		1
	Total equity securities	$	35	$	6	$	187	$	42	$	222	$	48

Total number of securities in an
	unrealized loss position		759				637

Aging of Gross Unrealized Losses and OTTI Losses for Fixed Maturity and Equity Securities Available-for-Sale

The following tables present the cost or amortized cost, gross unrealized losses, including the portion of OTTI loss on fixed maturity securities recognized in accumulated other comprehensive income (loss), gross unrealized losses as a percentage of cost or amortized cost and number of securities for fixed maturity and equity securities where the estimated fair value had declined and remained below cost or amortized cost by less than 20%, or 20% or more at:

		June 30, 2011
		Cost or Amortized Cost				Gross Unrealized Losses						Number of Securities
		Less than		20% or		Less than			20% or			Less than	20% or
		20%		more		20%			more			20%	more

		(In millions, except number of securities)

Fixed Maturity Securities:
Less than six months		$	4,795	$	368	$	70		$	83		492	32
Six months or greater but less than nine months			3,333		203		143			51		180	16
Nine months or greater but less than twelve months			369		15		29			5		146	4
Twelve months or greater			3,295		514		305			177		340	48
	Total	$	11,792	$	1,100	$	547		$	316
Percentage of amortized cost							5	%		29	%

Equity Securities:
Less than six months		$	9	$	2	$	0		$	1		3	4
Six months or greater but less than nine months			23		0		3			0		6	1
Nine months or greater but less than twelve months			0		0		0			0		0	2
Twelve months or greater			62		18		7			6		8	2
	Total	$	94	$	20	$	10		$	7
Percentage of cost							11	%		35	%

		December 31, 2010
		Cost or Amortized Cost				Gross Unrealized Losses						Number of Securities
		Less than		20% or		Less than			20% or			Less than	20% or
		20%		more		20%			more			20%	more

		(In millions, except number of securities)

Fixed Maturity Securities:
Less than six months		$	8,882	$	439	$	268		$	109		686	43
Six months or greater but less than nine months			152		40		6			13		30	10
Nine months or greater but less than twelve months			48		25		2			11		11	3
Twelve months or greater			4,768		881		450			273		475	101
	Total	$	13,850	$	1,385	$	726		$	406
Percentage of amortized cost							5	%		29	%

Equity Securities:
Less than six months		$	31	$	30	$	4		$	7		8	12
Six months or greater but less than nine months			0		3		0			1		0	1
Nine months or greater but less than twelve months			5		7		0			2		1	1
Twelve months or greater			150		44		18			16		12	5
	Total	$	186	$	84	$	22		$	26
Percentage of cost							12	%		31	%

Equity securities with gross unrealized losses of 20% or more for twelve months or greater decreased from $16 million at December 31, 2010 to $6 million at June 30, 2011. As shown in the section “— Evaluating Temporarily Impaired Available-for-Sale Securities” below, all of the equity securities with gross unrealized losses of 20% or more for twelve months or greater at June 30, 2011 were financial services industry investment grade non-redeemable preferred stock, of which 33% were rated A or better.

Concentration of Gross Unrealized Losses and OTTI Losses for Fixed Maturity and Equity Securities Available-for-Sale

The Company's gross unrealized losses related to its fixed maturity and equity securities, including the portion of OTTI losses on fixed maturity securities recognized in accumulated other comprehensive income (loss) were $880 million and $1.2 billion at June 30, 2011 and December 31, 2010, respectively. The concentration, calculated as a percentage of gross unrealized losses (including OTTI losses) by sector and industry was as follows at:

			June 30, 2011			December 31, 2010

Sector:
	RMBS			26	%		25	%
	U.S. corporate securities			25			26
	U.S. Treasury and agency securities			15			11
	State and political subdivision securities			12			11
	ABS			9			9
	Foreign corporate securities			8			11
	CMBS			2			3
	Other			3			4
		Total		100	%		100	%

Industry:
	Mortgage-backed			28	%		28	%
	U.S. Treasury and agency securities			15			11
	Finance			12			19
	State and political subdivision securities			12			11
	Asset-backed			9			9
	Consumer			6			5
	Utility			3			3
	Communications			2			2
	Transportation			2			1
	Industrial			1			1
	Other			10			10
		Total		100	%		100	%

The following table presents the Company's fixed maturity and equity securities, each with gross unrealized losses of greater than $10 million, the number of securities, total gross unrealized losses and percentage of total gross unrealized losses at:

	June 30, 2011						December 31, 2010
	Fixed Maturity			Equity			Fixed Maturity			Equity
	Securities			Securities			Securities			Securities

	(In millions, except number of securities)

Number of securities		17			0			15			0
Total gross unrealized losses	$	249		$	0		$	210		$	0
Percentage of total gross unrealized losses		29	%		0	%		19	%		0	%

Fixed maturity and equity securities, each with gross unrealized losses greater than $10 million, increased $39 million during the six months ended June 30, 2011. The increase in gross unrealized losses for the six months ended June 30, 2011 was primarily attributable to an increase in 30-year interest rates on our longer-term U.S. Treasury securities. These securities were included in the Company's OTTI review process. Based upon the Company's current evaluation of these securities and other available-for-sale securities in an unrealized loss position in accordance with its impairment policy, and the Company's current intentions and assessments (as applicable to the type of security) about holding, selling and any requirements to sell these securities, the Company has concluded that these securities are not other-than-temporarily impaired.

In the Company's impairment review process, the duration and severity of an unrealized loss position for equity securities are given greater weight and consideration than for fixed maturity securities. An extended and severe unrealized loss position on a fixed maturity security may not have any impact on the ability of the issuer to service all scheduled interest and principal payments and the Company's evaluation of recoverability of all contractual cash flows or the ability to recover an amount at least equal to its amortized cost based on the present value of the expected future cash flows to be collected. In contrast, for an equity security, greater weight and consideration are given by the Company to a decline in market value and the likelihood such market value decline will recover.

The following table presents certain information about the Company's equity securities available-for-sale with gross unrealized losses of 20% or more at June 30, 2011:

					Non-Redeemable Preferred Stock
					All Types of
			All Equity		Non-Redeemable					Investment Grade
			Securities		Preferred Stock					All Industries					Financial Services Industry
			Gross		Gross		% of All			Gross		% of All			Gross					% A
			Unrealized		Unrealized		Equity			Unrealized		Non-Redeemable			Unrealized		% of All			Rated or
			Losses		Losses		Securities			Losses		Preferred Stock			Losses		Industries			Better

		(In millions)

Less than six months			$	1	$	0		0	%	$	0		0	%	$	0		0	%		0	%
Six months or greater but less
	than twelve months			0		0		0	%		0		0	%		0		0	%		0	%
Twelve months or greater				6		6		100	%		6		100	%		6		100	%		33	%
All equity securities with
	gross unrealized losses of
	20% or more		$	7	$	6		86	%	$	6		100	%	$	6		100	%		33	%

In connection with the equity securities impairment review process, the Company evaluated its holdings in non-redeemable preferred stock, particularly those in the financial services industry. The Company considered several factors including whether there has been any deterioration in credit of the issuer and the likelihood of recovery in value of non-redeemable preferred stock with a severe or an extended unrealized loss. The Company also considered whether any issuers of non-redeemable preferred stock with an unrealized loss held by the Company, regardless of credit rating, have deferred any dividend payments. No such dividend payments had been deferred.

With respect to common stock holdings, the Company considered the duration and severity of the unrealized losses for securities in an unrealized loss position of 20% or more; and the duration of unrealized losses for securities in an unrealized loss position of less than 20% in an extended unrealized loss position (i.e., 12 months or greater).

Future OTTIs will depend primarily on economic fundamentals, issuer performance (including changes in the present value of future cash flows expected to be collected), changes in credit ratings, changes in collateral valuation, changes in interest rates and changes in credit spreads. If economic fundamentals and any of the above factors deteriorate, additional OTTIs may be incurred in upcoming quarters.

				Three Months				Six Months
				Ended				Ended
				June 30,				June 30,
				2011		2010		2011		2010

				(In millions)

Total gains (losses) on fixed maturity securities:
Total OTTI losses recognized				$	(21)	$	(19)	$	(30)	$	(53)
Less: Noncredit portion of OTTI losses transferred to and recognized in other
	comprehensive income (loss)				6		7		4		23
	Net OTTI losses on fixed maturity securities recognized in earnings				(15)		(12)		(26)		(30)
	Fixed maturity securities — net gains (losses) on sales and disposals				2		58		(18)		62
		Total gains (losses) on fixed maturity securities			(13)		46		(44)		32
Other net investment gains (losses):
	Equity securities				(24)		20		(23)		19
	Mortgage loans				14		(7)		18		(15)
	Real estate and real estate joint ventures				0		(3)		0		(19)
	Other limited partnership interests				(4)		(8)		(2)		(10)
	Other investment portfolio gains (losses)				(1)		(4)		(5)		7
		Subtotal — investment portfolio gains (losses)			(28)		44		(56)		14
Fair value option ("FVO") consolidated securitization entities — changes in
	estimated fair value:
	Commercial mortgage loans				7		172		25		653
	Long-term debt — related to commercial mortgage loans				(5)		(162)		(11)		(647)
Other gains (losses)					(1)		(4)		1		67
		Subtotal FVO consolidated securitization entities and other gains (losses)			1		6		15		73
			Total net investment gains (losses)	$	(27)	$	50	$	(41)	$	87

See “— Variable Interest Entities” for discussion of consolidated securitization entities (“CSEs”) included in the table above.

See “— Related Party Investment Transactions” for discussion of affiliated net investment gains (losses) related to transfers of invested assets to affiliates.

Gains (losses) from foreign currency transactions included within net investment gains (losses) were ($2) million and ($3) million for the three months and six months ended June 30, 2011, respectively, and ($4) million and $76 million for the three months and six months ended June 30, 2010, respectively.

Proceeds from sales or disposals of fixed maturity and equity securities and the components of fixed maturity and equity securities net investment gains (losses) were as shown below. Investment gains and losses on sales of securities are determined on a specific identification basis.

				Three Months Ended June 30,
				2011		2010		2011		2010		2011		2010

				Fixed Maturity Securities				Equity Securities				Total

				(In millions)

Proceeds				$	2,529	$	3,076	$	128	$	74	$	2,657	$	3,150
Gross investment gains				$	33	$	87	$	2	$	20	$	35	$	107
Gross investment losses					(31)		(29)		(20)		0		(51)		(29)
Total OTTI losses recognized in earnings:
	Credit-related				(6)		(12)		0		0		(6)		(12)
	Other (1)				(9)		0		(6)		0		(15)		0
		Total OTTI losses recognized in earnings			(15)		(12)		(6)		0		(21)		(12)
			Net investment gains (losses)	$	(13)	$	46	$	(24)	$	20	$	(37)	$	66

				Six Months Ended June 30,
				2011		2010		2011		2010		2011		2010

				Fixed Maturity Securities				Equity Securities				Total

				(In millions)

Proceeds				$	5,042	$	5,264	$	144	$	79	$	5,186	$	5,343
Gross investment gains				$	51	$	131	$	5	$	20	$	56	$	151
Gross investment losses					(69)		(69)		(22)		(1)		(91)		(70)
Total OTTI losses recognized in earnings:
	Credit-related				(17)		(29)		0		0		(17)		(29)
	Other (1)				(9)		(1)		(6)		0		(15)		(1)
		Total OTTI losses recognized in earnings			(26)		(30)		(6)		0		(32)		(30)
			Net investment gains (losses)	$	(44)	$	32	$	(23)	$	19	$	(67)	$	51

Fixed maturity security OTTI losses recognized in earnings related to the following sectors and industries within the U.S. and foreign corporate securities sector:

			Three Months				Six Months
			Ended				Ended
			June 30,				June 30,
			2011		2010		2011		2010

			(In millions)

Sector:
U.S. and foreign corporate securities — by industry:
	Finance		$	9	$	1	$	9	$	2
	Communications			0		0		4		3
	Consumer			0		0		0		9
	Utility			0		2		0		2
		Total U.S. and foreign corporate securities		9		3		13		16
ABS				3		0		5		0
RMBS				3		3		5		7
CMBS				0		6		3		7
		Total	$	15	$	12	$	26	$	30

Equity security OTTI losses recognized in earnings related to the following sectors and industries:

		Three Months				Six Months
		Ended				Ended
		June 30,				June 30,
		2011		2010		2011		2010

		(In millions)

Sector:
Non-redeemable preferred stock		$	6	$	0	$	6	$	0
	Total	$	6	$	0	$	6	$	0

Industry:
Financial services industry — perpetual hybrid securities		$	6	$	0	$	6	$	0
	Total	$	6	$	0	$	6	$	0

Credit Loss Rollforward — Rollforward of the Cumulative Credit Loss Component of OTTI Loss Recognized in Earnings on Fixed Maturity Securities Still Held for Which a Portion of the OTTI Loss Was Recognized in Other Comprehensive Income (Loss)

The table below presents a rollforward of the cumulative credit loss component of OTTI loss recognized in earnings on fixed maturity securities still held by the Company for which a portion of the OTTI loss was recognized in other comprehensive income (loss):

			Three Months				Six Months
			Ended				Ended
			June 30,				June 30,
			2011		2010		2011		2010

			(In millions)

Balance, beginning of period			$	43	$	80	$	63	$	213
Additions:
	Initial impairments — credit loss OTTI recognized on securities not
		previously impaired		4		1		4		3
	Additional impairments — credit loss OTTI recognized on securities
		previously impaired		1		4		4		6
Reductions:
	Due to sales (maturities, pay downs or prepayments) during the period of
		securities previously credit loss OTTI impaired		(2)		(16)		(4)		(52)
	Due to securities de-recognized in connection with the adoption of new
		guidance related to the consolidation of VIEs		0		0		0		(100)
	Due to securities impaired to net present value of expected future
		cash flows		0		0		(20)		0
	Due to increases in cash flows — accretion of previous credit loss OTTI			0		(1)		(1)		(2)
Balance, end of period			$	46	$	68	$	46	$	68

					Three Months				Six Months
					Ended				Ended
					June 30,				June 30,
					2011		2010		2011		2010

					(In millions)

Investment income:
	Fixed maturity securities				$	538	$	525	$	1,073	$	1,054
	Equity securities					5		7		7		9
	Other securities - FVO general account securities (1)					1		0		1		0
	Mortgage loans					87		72		171		140
	Policy loans					15		17		31		33
	Real estate and real estate joint ventures					10		1		2		(25)
	Other limited partnership interests					40		34		120		102
	Cash, cash equivalents and short-term investments					1		1		3		3
	International joint ventures					2		(1)		1		(2)
	Other					3		9		5		11
			Subtotal			702		665		1,414		1,325
		Less: Investment expenses				27		23		51		46
			Subtotal, net			675		642		1,363		1,279
	Other securities – FVO contractholder-directed unit-linked investments (1)					25		(22)		30		26
	FVO consolidated securitization entities — Commercial mortgage loans					96		105		191		210
			Subtotal			121		83		221		236
				Net investment income	$	796	$	725	$	1,584	$	1,515

See “— Variable Interest Entities” for discussion of CSEs included in the table above.

Affiliated investment expenses, included in the table above, were $18 million and $33 million for the three months and six months ended June 30, 2011, respectively, and $14 million and $27 million for the three months and six months ended June 30, 2010, respectively. See “— Related Party Investment Transactions” for discussion of affiliated net investment income included in the table above.

The Company participates in a securities lending program whereby blocks of securities, which are included in fixed maturity securities and short-term investments, are loaned to third parties, primarily brokerage firms and commercial banks. The Company generally obtains collateral, generally cash, in an amount equal to 102% of the estimated fair value of the securities loaned, which is obtained at the inception of a loan and maintained at a level greater than or equal to 100% for the duration of the loan. Securities loaned under such transactions may be sold or repledged by the transferee. The Company is liable to return to its counterparties the cash collateral under its control. These transactions are treated as financing arrangements and the associated liability is recorded at the amount of the cash received.

			June 30, 2011		December 31, 2010

				(In millions)

Securities on loan:
	Amortized cost		$	6,992	$	6,992
	Estimated fair value		$	7,047	$	7,054
Aging of cash collateral liability:
	Open (1)		$	845	$	1,292
	Less than thirty days			4,479		3,297
	Thirty days or greater but less than sixty days			1,039		1,221
	Sixty days or greater but less than ninety days			513		326
	Ninety days or greater			340		1,002
		Total cash collateral liability	$	7,216	$	7,138

Security collateral on deposit from counterparties			$	9	$	0
Reinvestment portfolio — estimated fair value			$	7,097	$	6,916

The estimated fair value of the securities on loan related to the cash collateral on open at June 30, 2011 was $825 million, of which $743 million were U.S. Treasury and agency securities which, if put to the Company, can be immediately sold to satisfy the cash requirements. The remainder of the securities on loan was primarily U.S. Treasury and agency securities, and very liquid RMBS. The U.S. Treasury securities on loan were primarily holdings of on-the-run U.S. Treasury securities, the most liquid U.S. Treasury securities available. If these high quality securities that are on loan are put back to the Company, the proceeds from immediately selling these securities can be used to satisfy the related cash requirements. The reinvestment portfolio acquired with the cash collateral consisted principally of fixed maturity securities (including RMBS, U.S. Treasury and agency securities, U.S. corporate securities and ABS). If the on loan securities or the reinvestment portfolio become less liquid, the Company has the liquidity resources of most of its general account available to meet any potential cash demands when securities are put back to the Company.

Security collateral on deposit from counterparties in connection with the securities lending transactions may not be sold or repledged, unless the counterparty is in default, and is not reflected in the consolidated financial statements.

Invested assets on deposit and pledged as collateral are presented below at estimated fair value for cash and cash equivalents and fixed maturity securities and at carrying value for mortgage loans.

			June 30, 2011		December 31, 2010

				(In millions)

Invested assets on deposit:
	Regulatory agencies		$	55	$	55
Invested assets pledged as collateral:
	Funding agreements — Federal Home Loan Bank of Boston			534		211
	Funding agreements — Federal Agricultural Mortgage Corporation			231		231
	Derivative transactions			82		83
		Total invested assets on deposit and pledged as collateral	$	902	$	580

See Note 2 “ — Investments — Invested Assets on Deposit and Pledged as Collateral” of the Notes to the Consolidated Financial Statements included in the 2010 Annual Report for a description of the types of invested assets on deposit and pledged as collateral and selected other information about the related program or counterparty.

See also “— Securities Lending” for the amount of the Company's cash received from and due back to counterparties pursuant to the Company's securities lending program. See “— Variable Interest Entities” for assets of certain CSEs that can only be used to settle liabilities of such entities.

The table below presents certain information about the Company's securities for which the FVO has been elected:

See Note 1 of the Notes to the Consolidated Financial Statements included in the 2010 Annual Report for discussion of FVO contractholder-directed unit-linked investments. See “— Net Investment Income” for the net investment income recognized on other securities and the related changes in estimated fair value subsequent to purchase included in net investment income.

				June 30, 2011				December 31, 2010
				Carrying		% of		Carrying		% of
				Value		Total		Value		Total

					(In millions)

Mortgage loans:
	Commercial			$	4,675	37.0	%	$	4,635	36.4	%
	Agricultural				1,343	10.6			1,342	10.6
		Subtotal			6,018	47.6	%		5,977	47.0	%
	Valuation allowances				(70)	(0.6)			(87)	(0.7)
		Subtotal mortgage loans, net			5,948	47.0	%		5,890	46.3	%
	Commercial mortgage loans held by consolidated securitization
		entities — FVO			6,697	53.0			6,840	53.7
			Total mortgage loans, net	$	12,645	100.0	%	$	12,730	100.0	%

See “— Variable Interest Entities” for discussion of CSEs included in the table above.

See Note 2 of the Notes to the Consolidated Financial Statements in the 2010 Annual Report for discussion of affiliated mortgage loans included in the table above. The carrying values of such loans were $198 million and $199 million at June 30, 2011 and December 31, 2010, respectively.

Concentration of Credit Risk. The Company diversifies its mortgage loan portfolio by both geographic region and property type to reduce the risk of concentration. The Company's commercial and agricultural mortgage loans are collateralized by properties primarily located in the United States (“U.S.”). The carrying values of the Company's commercial and agricultural mortgage loans located in California, New York and Illinois were 26%, 16% and 6%, respectively, of total mortgage loans (excluding commercial mortgage loans held by CSEs) at June 30, 2011. Additionally, the Company manages risk when originating commercial and agricultural mortgage loans by generally lending only up to 75% of the estimated fair value of the underlying real estate.

The following tables present the recorded investment in mortgage loans, by portfolio segment, by method of evaluation of credit loss, and the related valuation allowances, by type of credit loss, at:

				Commercial		Agricultural		Total

				(In millions)

June 30, 2011:
Mortgage loans:
	Evaluated individually for credit losses			$	23	$	0	$	23
	Evaluated collectively for credit losses				4,652		1,343		5,995
		Total mortgage loans			4,675		1,343		6,018
Valuation allowances:
	Specific credit losses				15		0		15
	Non-specifically identified credit losses				51		4		55
		Total valuation allowances			66		4		70
			Mortgage loans, net of valuation allowance	$	4,609	$	1,339	$	5,948

December 31, 2010:
Mortgage loans:
	Evaluated individually for credit losses			$	23	$	0	$	23
	Evaluated collectively for credit losses				4,612		1,342		5,954
		Total mortgage loans			4,635		1,342		5,977
Valuation allowances:
	Specific credit losses				23		0		23
	Non-specifically identified credit losses				61		3		64
		Total valuation allowances			84		3		87
			Mortgage loans, net of valuation allowance	$	4,551	$	1,339	$	5,890

The following tables present the changes in the valuation allowance, by portfolio segment:

		Mortgage Loan Valuation Allowances
		Commercial		Agricultural		Total

		(In millions)

For the Three Months Ended June 30, 2011:
Balance, beginning of period		$	80	$	4	$	84
	Provision (release)		(14)		0		(14)
	Charge-offs, net of recoveries		0		0		0
Balance, end of period		$	66	$	4	$	70

For the Three Months Ended June 30, 2010:
Balance, beginning of period		$	82	$	3	$	85
	Provision (release)		8		0		8
	Charge-offs, net of recoveries		0		0		0
Balance, end of period		$	90	$	3	$	93

For the Six Months Ended June 30, 2011:
Balance, beginning of period		$	84	$	3	$	87
	Provision (release)		(18)		1		(17)
	Charge-offs, net of recoveries		0		0		0
Balance, end of period		$	66	$	4	$	70

For the Six Months Ended June 30, 2010:
Balance, beginning of period		$	74	$	3	$	77
	Provision (release)		16		0		16
	Charge-offs, net of recoveries		0		0		0
Balance, end of period		$	90	$	3	$	93

Commercial Mortgage Loans — by Credit Quality Indicators with Estimated Fair Value. Presented below for the commercial mortgage loans is the recorded investment, prior to valuation allowances, by the indicated loan-to-value ratio categories and debt service coverage ratio categories and estimated fair value of such mortgage loans by the indicated loan-to-value ratio categories at:

		Commercial
		Recorded Investment
		Debt Service Coverage Ratios											Estimated
		> 1.20x			1.00x - 1.20x	< 1.00x		Total		% of Total			Fair Value		% of Total

June 30, 2011:		(In millions)											(In millions)

Loan-to-value ratios:
Less than 65%		$	2,417	$	35	$	148	$	2,600		55.6	%	$	2,771		57.6	%
65% to 75%			680		43		137		860		18.4			900		18.8
76% to 80%			315		0		0		315		6.7			314		6.5
Greater than 80%			672		113		115		900		19.3			824		17.1
	Total	$	4,084	$	191	$	400	$	4,675		100.0	%	$	4,809		100.0	%


December 31, 2010:

Loan-to-value ratios:
Less than 65%		$	2,051	$	11	$	34	$	2,096	45.2	%	$	2,196	47.1	%
65% to 75%			824		99		148		1,071	23.1			1,099	23.6
76% to 80%			301		29		7		337	7.3			347	7.4
Greater than 80%			828		163		140		1,131	24.4			1,018	21.9
	Total	$	4,004	$	302	$	329	$	4,635	100.0	%	$	4,660	100.0	%

Agricultural Mortgage Loans — by Credit Quality Indicator. The recorded investment in agricultural mortgage loans, prior to valuation allowances, by credit quality indicator, is as shown below. The estimated fair value of agricultural mortgage loans was $1.4 billion at both June 30, 2011 and December 31, 2010.

		Agricultural
		June 30, 2011				December 31, 2010
		Recorded Investment		% of Total		Recorded Investment		% of Total

		(In millions)				(In millions)

Loan-to-value ratios:
Less than 65%		$	1,284	95.6	%	$	1,289	96.0	%
65% to 75%			59	4.4			53	4.0
	Total	$	1,343	100.0	%	$	1,342	100.0	%

Past Due and Interest Accrual Status of Mortgage Loans. The Company has a high quality, well performing, mortgage loan portfolio with approximately 99% of all mortgage loans classified as performing at both June 30, 2011 and December 31, 2010. The Company defines delinquent mortgage loans consistent with industry practice, when interest and principal payments are past due as follows: commercial mortgage loans — 60 days or more past due; and agricultural mortgage loans — 90 days or more past due. The recorded investment in mortgage loans, prior to valuation allowances, past due according to these aging categories, greater than 90 days past due and still accruing interest and in nonaccrual status, by portfolio segment, were as follows at:

						Greater than 90 Days Past Due
		Past Due				Still Accruing Interest				Nonaccrual Status
		June 30, 2011		December 31, 2010		June 30, 2011		December 31, 2010		June 30, 2011		December 31, 2010

		(In millions)

Commercial		$	0	$	0	$	0	$	0	$	0	$	1
Agricultural			7		7		1		0		6		6
	Total	$	7	$	7	$	1	$	0	$	6	$	7

Impaired Mortgage Loans. The unpaid principal balance, recorded investment, valuation allowances and carrying value, net of valuation allowances, for impaired mortgage loans, by portfolio segment, were as follows at:

		Impaired Mortgage Loans
										Loans without
		Loans with a Valuation Allowance								a Valuation Allowance				All Impaired Loans
		Unpaid								Unpaid				Unpaid
		Principal		Recorded		Valuation		Carrying		Principal		Recorded		Principal		Carrying
		Balance		Investment		Allowances		Value		Balance		Investment		Balance		Value

		(In millions)

June 30, 2011:
Commercial		$	23	$	23	$	15	$	8	$	0	$	0	$	23	$	8
Agricultural			0		0		0		0		7		7		7		7
	Total	$	23	$	23	$	15	$	8	$	7	$	7	$	30	$	15

December 31, 2010:
Commercial		$	23	$	23	$	23	$	0	$	0	$	0	$	23	$	0
Agricultural			0		0		0		0		7		7		7		7
	Total	$	23	$	23	$	23	$	0	$	7	$	7	$	30	$	7

The average investment in impaired mortgage loans, and the related interest income, by portfolio segment, was:

			Impaired Mortgage Loans
			Average Investment		Interest Income Recognized
					Cash Basis		Accrual Basis

			(In millions)

For the Three Months Ended June 30, 2011:
	Commercial		$	23	$	0	$	0
	Agricultural			7		0		0
		Total	$	30	$	0	$	0

For the Three Months Ended June 30, 2010:
	Commercial		$	54	$	2	$	0
	Agricultural			15		0		0
		Total	$	69	$	2	$	0

Cash equivalents, which include investments with an original or remaining maturity of three months or less, at the time of purchase, were $1.1 billion and $1.8 billion at June 30, 2011 and December 31, 2010, respectively.

Investments acquired with evidence of credit quality deterioration since origination and for which it is probable at the acquisition date that the Company will be unable to collect all contractually required payments are classified as purchased credit impaired investments. For each investment, the excess of the cash flows expected to be collected as of the acquisition date over its acquisition date fair value is referred to as the accretable yield and is recognized as net investment income on an effective yield basis. If subsequently, based on current information and events, it is probable that there is a significant increase in cash flows previously expected to be collected or if actual cash flows are significantly greater than cash flows previously expected to be collected, the accretable yield is adjusted prospectively. The excess of the contractually required payments (including interest) as of the acquisition date over the cash flows expected to be collected as of the acquisition date is referred to as the nonaccretable difference, and this amount is not expected to be realized as net investment income. Decreases in cash flows expected to be collected can result in OTTI.

The table below presents the purchased credit impaired fixed maturity securities held at:

The following table presents information about purchased credit impaired fixed maturity securities acquired during the periods, as of their respective acquisition dates:

The following table presents activity for the accretable yield on purchased credit impaired fixed maturity securities for:


		Three Months				Six Months
		Ended				Ended
		June 30,				June 30,
		2011		2010		2011		2010

			(In millions)

Accretable yield, beginning of period		$	30	$	0	$	5	$	0
	Investments purchased		273		0		296		0
	Accretion recognized in net investment income		(3)		0		(3)		0
	Disposals		0		0		0		0
	Reclassification (to) from nonaccretable difference		6		0		8		0
Accretable yield, end of period		$	306	$	0	$	306	$	0

The Company holds investments in certain entities that are VIEs. In certain instances, the Company holds both the power to direct the most significant activities of the entity, as well as an economic interest in the entity and, as such, is deemed to be the primary beneficiary or consolidator of the entity. The following table presents the total assets and total liabilities relating to VIEs for which the Company has concluded that it is the primary beneficiary and which are consolidated at June 30, 2011 and December 31, 2010. Creditors or beneficial interest holders of VIEs where the Company is the primary beneficiary have no recourse to the general credit of the Company, as the Company's obligation to the VIEs is limited to the amount of its committed investment.

			June 30, 2011		December 31, 2010

			(In millions)
Consolidated securitization entities: (1)
Assets:
	Mortgage loans held-for-investment (commercial mortgage loans)		$	6,697	$	6,840
	Accrued investment income			32		31
		Total assets	$	6,729	$	6,871

Liabilities:
	Long-term debt		$	6,617	$	6,773
	Other liabilities			31		31
		Total liabilities	$	6,648	$	6,804

The following table presents the carrying amount and maximum exposure to loss relating to VIEs for which the Company holds significant variable interests but is not the primary beneficiary and which have not been consolidated at:

			June 30, 2011				December 31, 2010
					Maximum				Maximum
			Carrying		Exposure		Carrying		Exposure
			Amount		to Loss (1)		Amount		to Loss (1)

			(In millions)

Fixed maturity securities available-for-sale:
	RMBS (2)		$	6,572	$	6,572	$	6,709	$	6,709
	CMBS (2)			2,166		2,166		2,277		2,277
	ABS (2)			1,897		1,897		1,869		1,869
	U.S. corporate securities			379		379		336		336
	Foreign corporate securities			333		333		348		348
Other limited partnership interests				1,208		1,909		1,192		1,992
Real estate joint ventures				26		30		10		35
		Total	$	12,581	$	13,286	$	12,741	$	13,566

As described in Note 5, the Company makes commitments to fund partnership investments in the normal course of business. Excluding these commitments, the Company did not provide financial or other support to investees designated as VIEs during the six months ended June 30, 2011.

At June 30, 2011 and December 31, 2010, the Company held $83 million and $63 million, respectively, in the Metropolitan Money Market Pool and the MetLife Intermediate Income Pool, which are affiliated partnerships. These amounts are included in short-term investments. Net investment income from these investments was less than $1 million for the three months and six months ended June 30, 2011, and for the three months and six months ended June 30, 2010.

In the normal course of business, the Company transfers invested assets, primarily consisting of fixed maturity securities, to and from affiliates. There were no invested assets transferred from affiliates, inclusive of amounts related to reinsurance agreements, for the three months and six months ended June 30, 2011 and 2010. Invested assets transferred to affiliates, inclusive of amounts related to reinsurance agreements, were as follows:

	Three Months				Six Months
	Ended				Ended
	June 30,				June 30,
	2011		2010		2011		2010

	(In millions)

Estimated fair value of assets transferred to affiliates	$	0	$	445	$	0	$	445
Amortized cost of assets transferred to affiliates	$	0	$	406	$	0	$	406
Net investment gains (losses) recognized on transfers	$	0	$	39	$	0	$	39