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:

		September 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		$	16,139	$	1,471	$	231	$	0	$	17,379	36.1	%
U.S. Treasury and agency securities			7,410		1,167		3		0		8,574	17.8
Foreign corporate securities			7,665		586		116		0		8,135	16.9
Residential mortgage-backed securities (“RMBS”)			6,425		348		128		102		6,543	13.6
Commercial mortgage-backed securities (“CMBS”)			2,157		96		19		0		2,234	4.7
State and political subdivision securities			1,906		224		62		0		2,068	4.3
Asset-backed securities (“ABS”)			2,072		47		88		14		2,017	4.2
Foreign government securities			965		170		3		0		1,132	2.4
	Total fixed maturity securities (1), (2)	$	44,739	$	4,109	$	650	$	116	$	48,082	100.0	%

Equity Securities:
Non-redeemable preferred stock (1)		$	148	$	5	$	27	$	0	$	126	50.0	%
Common stock			126		9		9		0		126	50.0
	Total equity securities	$	274	$	14	$	36	$	0	$	252	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	%
U.S. Treasury and agency securities			7,665		143		132		0		7,676	17.1
Foreign corporate securities			8,095		502		127		0		8,470	18.8
RMBS			6,803		203		218		79		6,709	14.9
CMBS			2,203		113		39		0		2,277	5.1
State and political subdivision securities			1,755		22		131		0		1,646	3.7
ABS			1,927		44		95		7		1,869	4.2
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	%

			September 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	$	147	$	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	$	56	$	202
Equity securities	Non-redeemable preferred stock	U.S. financial institutions	$	53	$	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 these companies, are presented based on ratings from the revised NAIC rating methodologies for structured securities (which may not correspond to rating agency designations). Currently, the NAIC evaluates structured securities held by insurers using the revised NAIC rating methodologies on an annual basis. If such companies acquire structured securities that have not been previously evaluated by the NAIC, but are expected to be evaluated by the NAIC in the upcoming annual review, an internally developed rating is used for interim reporting. 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:

		September 30, 2011		December 31, 2010

		(In millions)

Below investment grade or non-rated fixed maturity securities:
	Estimated fair value	$	3,659	$	4,027
	Net unrealized gains (losses)	$	(201)	$	(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 and agency 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:

		September 30, 2011		December 31, 2010

		Carrying Value (1)

		(In millions)

U.S. Treasury and agency fixed maturity securities		$	8,574	$	7,676
U.S. Treasury and agency fixed-income securities included in:
	Short-term investments	$	2,762	$	935
	Cash equivalents	$	353	$	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:

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

			(In millions)				(In millions)

Corporate fixed maturity securities — by sector:
	Foreign corporate fixed maturity securities (1)		$	8,135	31.9	%	$	8,470	35.5	%
U.S. corporate fixed maturity securities — by industry:
	Consumer			4,383	17.2			3,893	16.3
	Industrial			3,841	15.0			3,282	13.7
	Utility			3,435	13.5			3,379	14.2
	Finance			3,111	12.2			2,569	10.8
	Communications			1,706	6.7			1,444	6.1
	Other			903	3.5			807	3.4
		Total	$	25,514	100.0	%	$	23,844	100.0	%

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

		(In millions)				(In millions)

Concentrations within corporate fixed maturity securities:
	Largest exposure to a single issuer	$	267	0.4	%	$	252	0.4	%
	Holdings in ten issuers with the largest exposures	$	1,711	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:

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

			(In millions)				(In millions)

By security type:
	Collateralized mortgage obligations		$	3,389	51.8	%	$	3,243	48.3	%
	Pass-through securities			3,154	48.2			3,466	51.7
		Total RMBS	$	6,543	100.0	%	$	6,709	100.0	%

By risk profile:
	Agency		$	4,765	72.8	%	$	5,080	75.7	%
	Prime			1,076	16.5			1,023	15.3
	Alternative residential mortgage loans			702	10.7			606	9.0
		Total RMBS	$	6,543	100.0	%	$	6,709	100.0	%

Rated Aaa/AAA			$	4,815	73.6	%	$	5,254	78.3	%

Rated NAIC 1			$	5,494	84.0	%	$	5,618	83.7	%

See Note 2 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:

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

		(In millions)				(In millions)

Vintage Year:
2005 & Prior		$	348	49.6	%	$	311	51.3	%
2006			175	24.9			88	14.6
2007			179	25.5			207	34.1
2008 to 2011			0	0.0			0	0.0
	Total	$	702	100.0	%	$	606	100.0	%

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

			(In millions)				(In millions)

Net unrealized gains (losses)			$	(155)			$	(141)
Rated Aa/AA or better					0.5	%			1.5	%
Rated NAIC 1					29.8	%			14.9	%
Distribution of holdings — at estimated fair value — by collateral type:
	Fixed rate mortgage loans collateral				97.4	%			96.1	%
	Hybrid adjustable rate mortgage loans collateral				2.6				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:

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

		(In millions)				(In millions)

Vintage Year:
2003 & Prior		$	717	32.1	%	$	947	41.6	%
2004			427	19.1			442	19.4
2005			452	20.2			431	18.9
2006			515	23.1			442	19.4
2007			39	1.7			15	0.7
2008 to 2011			84	3.8			0	0.0
	Total	$	2,234	100.0	%	$	2,277	100.0	%

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

		(In millions)				(In millions)

Net unrealized gains (losses)		$	77			$	74
Rated Aaa/AAA				89	%			88	%
Rated NAIC 1				96	%			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:

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

			(In millions)				(In millions)

By collateral type:
	Credit card loans		$	483	23.9	%	$	753	40.3	%
	Collateralized debt obligations			364	18.1			254	13.5
	Automobile loans			222	11.0			98	5.3
	RMBS backed by sub-prime mortgage loans			211	10.5			247	13.2
	Student loans			184	9.1			174	9.3
	Utility loans			171	8.5			157	8.4
	Other loans			382	18.9			186	10.0
		Total	$	2,017	100.0	%	$	1,869	100.0	%

Rated Aaa/AAA			$	1,266	62.8	%	$	1,251	66.9	%

Rated NAIC 1			$	1,879	93.2	%	$	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 September 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:

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

			(In millions)

Due in one year or less			$	2,369	$	2,384	$	1,874	$	1,889
Due after one year through five years				9,917		10,288		9,340		9,672
Due after five years through ten years				7,723		8,319		7,829		8,333
Due after ten years				14,076		16,297		14,156		14,175
	Subtotal			34,085		37,288		33,199		34,069
RMBS, CMBS and ABS				10,654		10,794		10,933		10,855
		Total fixed maturity securities	$	44,739	$	48,082	$	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:

			September 30, 2011		December 31, 2010

			(In millions)

Fixed maturity securities			$	3,453	$	878
Fixed maturity securities with noncredit OTTI losses in accumulated other comprehensive
	income (loss)			(116)		(86)
		Total fixed maturity securities		3,337		792
Equity securities				(21)		(21)
Derivatives				238		(109)
Short-term investments				(2)		(2)
Other				(6)		(3)
		Subtotal		3,546		657
Amounts allocated from:
	Insurance liability loss recognition			(143)		(33)
	DAC and VOBA related to noncredit OTTI losses recognized in accumulated other
		comprehensive income (loss)		9		5
	DAC and VOBA			(518)		(126)
		Subtotal		(652)		(154)
Deferred income tax benefit (expense) related to noncredit OTTI losses recognized
	in accumulated other comprehensive income (loss)			39		30
Deferred income tax benefit (expense)				(1,032)		(196)
Net unrealized investment gains (losses)			$	1,901	$	337

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

	September 30, 2011		December 31, 2010

	(In millions)

Balance, beginning of period	$	(86)	$	(141)
Noncredit OTTI losses recognized (1)		5		(53)
Transferred to retained earnings (2)		0		16
Securities sold with previous noncredit OTTI loss		22		28
Subsequent changes in estimated fair value		(57)		64
Balance, end of period	$	(116)	$	(86)

			Nine Months
			Ended
			September 30, 2011

			(In millions)

Balance, beginning of period			$	337
Fixed maturity securities on which noncredit OTTI losses have been recognized				(30)
Unrealized investment gains (losses) during the period				2,919
Unrealized investment gains (losses) relating to:
	Insurance liability gain (loss) recognition			(110)
	DAC and VOBA related to noncredit OTTI losses recognized in accumulated other
		comprehensive income (loss)		4
	DAC and VOBA			(392)
	Deferred income tax benefit (expense) related to noncredit OTTI losses recognized in accumulated other
		comprehensive income (loss)		9
	Deferred income tax benefit (expense)			(836)
Balance, end of period			$	1,901

Change in net unrealized investment gains (losses)			$	1,564

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.

		September 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		$	1,751	$	74	$	848	$	157	$	2,599	$	231
U.S. Treasury and agency securities			1,678		2		20		1		1,698		3
Foreign corporate securities			1,360		71		157		45		1,517		116
RMBS			543		70		895		160		1,438		230
CMBS			446		8		105		11		551		19
State and political subdivision securities			42		2		350		60		392		62
ABS			715		37		346		65		1,061		102
Foreign government securities			69		3		3		0		72		3
	Total fixed maturity securities	$	6,604	$	267	$	2,724	$	499	$	9,328	$	766

Equity Securities:
Non-redeemable preferred stock		$	45	$	7	$	51	$	20	$	96	$	27
Common stock			20		9		0		0		20		9
	Total equity securities	$	65	$	16	$	51	$	20	$	116	$	36

Total number of securities in an
	unrealized loss position		846				474

		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
U.S. Treasury and agency securities			2,857		113		85		19		2,942		132
Foreign corporate securities			727		24		816		103		1,543		127
RMBS			2,228		59		1,368		238		3,596		297
CMBS			68		1		237		38		305		39
State and political subdivision securities			716		36		352		95		1,068		131
ABS			245		5		590		97		835		102
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:

		September 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		$	6,289	$	837	$	174		$	225		730	81
Six months or greater but less than nine months			145		37		8			11		25	7
Nine months or greater but less than twelve months			172		93		5			25		40	3
Twelve months or greater			2,254		267		205			113		370	36
	Total	$	8,860	$	1,234	$	392		$	374
Percentage of amortized cost							4	%		30	%

Equity Securities:
Less than six months		$	37	$	60	$	3		$	22		16	9
Six months or greater but less than nine months			0		0		0			0		0	1
Nine months or greater but less than twelve months			12		0		1			0		5	1
Twelve months or greater			26		17		4			6		4	4
	Total	$	75	$	77	$	8		$	28
Percentage of cost							11	%		36	%

		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 September 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 September 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 $802 million and $1.2 billion at September 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:

			September 30, 2011			December 31, 2010

Sector:
	U.S. corporate securities			29	%		26	%
	RMBS			29			25
	Foreign corporate securities			14			11
	ABS			13			9
	State and political subdivision securities			8			11
	CMBS			2			3
	U.S. Treasury and agency securities			0			11
	Other			5			4
		Total		100	%		100	%

Industry:
	Mortgage-backed			31	%		28	%
	Finance			22			19
	Asset-backed			13			9
	State and political subdivision securities			8			11
	Consumer			8			5
	Utility			4			3
	Communications			4			2
	Transportation			3			1
	Industrial			2			1
	U.S. Treasury and agency securities			0			11
	Other			5			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:

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

	(In millions, except number of securities)

Number of securities		10			0			15			0
Total gross unrealized losses	$	158		$	0		$	210		$	0
Percentage of total gross unrealized losses		21	%		0	%		19	%		0	%

Fixed maturity and equity securities, each with gross unrealized losses greater than $10 million, decreased $52 million during the nine months ended September 30, 2011. The decline in, or improvement in, gross unrealized losses for the nine months ended September 30, 2011 was primarily attributable to a decrease in interest rates, partially offset by increasing credit spreads. 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 September 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)						(In millions)				(In millions)

Less than six months		$	22	$	14	64	%	$	10	71	%	$	10	100	%	90	%
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	$	28	$	20	71	%	$	16	80	%	$	16	100	%	69	%

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.

The table below presents certain information about the Company's securities for which the fair value option (“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.

				Three Months				Nine Months
				Ended				Ended
				September 30,				September 30,
				2011		2010		2011		2010

				(In millions)

Total gains (losses) on fixed maturity securities:
Total OTTI losses recognized				$	(5)	$	(24)	$	(35)	$	(77)
Less: Noncredit portion of OTTI losses transferred to and recognized in other
	comprehensive income (loss)				(9)		13		(5)		36
	Net OTTI losses on fixed maturity securities recognized in earnings				(14)		(11)		(40)		(41)
	Fixed maturity securities — net gains (losses) on sales and disposals				79		12		61		74
		Total gains (losses) on fixed maturity securities			65		1		21		33
Other net investment gains (losses):
	Equity securities				(1)		2		(24)		21
	Mortgage loans				8		(1)		26		(16)
	Real estate and real estate joint ventures				(1)		0		(1)		(19)
	Other limited partnership interests				(2)		(2)		(4)		(12)
	Other investment portfolio gains (losses)				(2)		3		(7)		10
		Subtotal — investment portfolio gains (losses)			67		3		11		17
FVO consolidated securitization entities ("CSEs") — changes in estimated fair value:
	Commercial mortgage loans				(64)		114		(39)		767
	Long-term debt — related to commercial mortgage loans				55		(108)		44		(755)
Other gains (losses)					0		0		1		67
		Subtotal FVO CSEs and other gains (losses)			(9)		6		6		79
			Total net investment gains (losses)	$	58	$	9	$	17	$	96

See “— Variable Interest Entities” for discussion of 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 ($5) million for the three months and nine months ended September 30, 2011, respectively, and $2 million and $78 million for the three months and nine months ended September 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 September 30,
				2011		2010		2011		2010		2011		2010

				Fixed Maturity Securities				Equity Securities				Total

				(In millions)

Proceeds				$	3,697	$	2,633	$	19	$	10	$	3,716	$	2,643

Gross investment gains				$	92	$	33	$	0	$	2	$	92	$	35
Gross investment losses					(13)		(21)		0		0		(13)		(21)
Total OTTI losses recognized in earnings:
	Credit-related				(14)		(10)		0		0		(14)		(10)
	Other (1)				0		(1)		(1)		0		(1)		(1)
		Total OTTI losses recognized in earnings			(14)		(11)		(1)		0		(15)		(11)
			Net investment gains (losses)	$	65	$	1	$	(1)	$	2	$	64	$	3

				Nine Months Ended September 30,
				2011		2010		2011		2010		2011		2010

				Fixed Maturity Securities				Equity Securities				Total

				(In millions)

Proceeds				$	8,739	$	7,897	$	163	$	89	$	8,902	$	7,986

Gross investment gains				$	143	$	164	$	5	$	22	$	148	$	186
Gross investment losses					(82)		(90)		(22)		(1)		(104)		(91)
Total OTTI losses recognized in earnings:
	Credit-related				(31)		(39)		0		0		(31)		(39)
	Other (1)				(9)		(2)		(7)		0		(16)		(2)
		Total OTTI losses recognized in earnings			(40)		(41)		(7)		0		(47)		(41)
			Net investment gains (losses)	$	21	$	33	$	(24)	$	21	$	(3)	$	54

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				Nine Months
				Ended				Ended
				September 30,				September 30,
				2011		2010		2011		2010

				(In millions)

Sector:
U.S. and foreign corporate securities — by industry:
	Finance			$	0	$	5	$	9	$	7
	Communications				5		1		9		4
	Consumer				0		0		0		9
	Utility				0		0		0		2
		Total U.S. and foreign corporate securities			5		6		18		22
RMBS					9		3		14		10
ABS					0		1		5		1
CMBS					0		1		3		8
			Total	$	14	$	11	$	40	$	41

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

		Three Months				Nine Months
		Ended				Ended
		September 30,				September 30,
		2011		2010		2011		2010

		(In millions)

Sector:
Non-redeemable preferred stock		$	0	$	0	$	6	$	0
Common stock			1		0		1		0
	Total	$	1	$	0	$	7	$	0

Industry:
Financial services industry — perpetual hybrid securities		$	0	$	0	$	6	$	0
Other industries			1		0		1		0
	Total	$	1	$	0	$	7	$	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				Nine Months
			Ended				Ended
			September 30,				September 30,
			2011		2010		2011		2010

			(In millions)

Balance, beginning of period			$	46	$	68	$	63	$	213
Additions:
	Initial impairments — credit loss OTTI recognized on securities not
		previously impaired		2		2		6		5
	Additional impairments — credit loss OTTI recognized on securities
		previously impaired		8		2		12		8
Reductions:
	Due to sales (maturities, pay downs or prepayments) during the period of
		securities previously impaired as credit loss OTTI		(1)		(8)		(5)		(60)
	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		(1)		0		(21)		0
	Due to increases in cash flows — accretion of previous credit loss OTTI			0		0		(1)		(2)
Balance, end of period			$	54	$	64	$	54	$	64

					Three Months				Nine Months
					Ended				Ended
					September 30,				September 30,
					2011		2010		2011		2010

					(In millions)

Investment income:
	Fixed maturity securities				$	541	$	524	$	1,614	$	1,578
	Equity securities					1		1		8		10
	Other securities — FVO general account securities (1)					0		0		1		0
	Mortgage loans					86		78		257		218
	Policy loans					16		17		47		50
	Real estate and real estate joint ventures					10		24		12		(1)
	Other limited partnership interests					47		36		167		138
	Cash, cash equivalents and short-term investments					2		5		5		8
	International joint ventures					2		(2)		3		(4)
	Other					2		(8)		7		3
			Subtotal			707		675		2,121		2,000
		Less: Investment expenses				22		26		73		72
			Subtotal, net			685		649		2,048		1,928
	Other securities — FVO contractholder-directed unit-linked investments (1)					(129)		72		(99)		98
	FVO CSEs — Commercial mortgage loans					95		102		286		312
			Subtotal			(34)		174		187		410
				Net investment income	$	651	$	823	$	2,235	$	2,338

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

Affiliated investment expenses, included in the table above, were $17 million and $50 million for the three months and nine months ended September 30, 2011, respectively, and $14 million and $41 million for the three months and nine months ended September 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 obtains collateral, usually cash, in an amount generally 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.

			September 30, 2011		December 31, 2010

			(In millions)

Securities on loan:
	Amortized cost		$	5,894	$	6,992
	Estimated fair value		$	7,010	$	7,054
Aging of cash collateral liability:
	Open (1)		$	751	$	1,292
	Less than thirty days			3,982		3,297
	Thirty days or greater but less than sixty days			1,425		1,221
	Sixty days or greater but less than ninety days			587		326
	Ninety days or greater			97		1,002
		Total cash collateral liability	$	6,842	$	7,138

Security collateral on deposit from counterparties			$	253	$	0
Reinvestment portfolio — estimated fair value			$	6,686	$	6,916

The estimated fair value of the securities on loan related to the cash collateral on open at September 30, 2011 was $762 million, of which $705 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 U.S. Treasury and agency securities, ABS, U.S. corporate securities and RMBS). 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.

			September 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			529		211
	Funding agreements — Federal Agricultural Mortgage Corporation			231		231
	Derivative transactions			112		83
		Total invested assets on deposit and pledged as collateral	$	927	$	580

See Note 2 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 also “— Variable Interest Entities” for assets of certain CSEs that can only be used to settle liabilities of such entities.

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

				(In millions)				(In millions)

Mortgage loans:
	Commercial			$	5,042	52.9	%	$	4,635	36.4	%
	Agricultural				1,324	13.9			1,342	10.6
		Subtotal			6,366	66.8	%		5,977	47.0	%
	Valuation allowances				(61)	(0.6)			(87)	(0.7)
		Subtotal mortgage loans, net			6,305	66.2	%		5,890	46.3	%
	Commercial mortgage loans held by CSEs - FVO				3,227	33.8			6,840	53.7
			Total mortgage loans, net	$	9,532	100.0	%	$	12,730	100.0	%

See “— Variable Interest Entities” for discussion of CSEs included in the table above and the decrease in commercial mortgage loans held by CSEs – FVO. See “— Related Party Investment Transactions” for discussion of affiliated mortgage loans included in the table above.

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 U.S. The carrying value of the Company's commercial and agricultural mortgage loans located in California, New York and Texas were 25%, 17% and 6%, respectively, of total mortgage loans (excluding commercial mortgage loans held by CSEs) at September 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 collateral.

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)

September 30, 2011:
Mortgage loans:
	Evaluated individually for credit losses			$	23	$	0	$	23
	Evaluated collectively for credit losses				5,019		1,324		6,343
		Total mortgage loans			5,042		1,324		6,366
Valuation allowances:
	Specific credit losses				15		0		15
	Non-specifically identified credit losses				43		3		46
		Total valuation allowances			58		3		61
			Mortgage loans, net of valuation allowance	$	4,984	$	1,321	$	6,305

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 September 30, 2011:
Balance, beginning of period	$	66	$	4	$	70
Provision (release)		(8)		(1)		(9)
Charge-offs, net of recoveries		0		0		0
Balance, end of period	$	58	$	3	$	61

For the Three Months Ended September 30, 2010:
Balance, beginning of period	$	90	$	3	$	93
Provision (release)		0		0		0
Charge-offs, net of recoveries		(6)		0		(6)
Balance, end of period	$	84	$	3	$	87

For the Nine Months Ended September 30, 2011:
Balance, beginning of period	$	84	$	3	$	87
Provision (release)		(26)		0		(26)
Charge-offs, net of recoveries		0		0		0
Balance, end of period	$	58	$	3	$	61

For the Nine Months Ended September 30, 2010:
Balance, beginning of period	$	74	$	3	$	77
Provision (release)		16		0		16
Charge-offs, net of recoveries		(6)		0		(6)
Balance, end of period	$	84	$	3	$	87

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

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

Loan-to-value ratios:
Less than 65%		$	2,818	$	25	$	209	$	3,052	60.6	%	$	3,233	62.6	%
65% to 75%			758		43		67		868	17.2			891	17.2
76% to 80%			262		0		26		288	5.7			286	5.5
Greater than 80%			598		148		88		834	16.5			758	14.7
	Total	$	4,436	$	216	$	390	$	5,042	100.0	%	$	5,168	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 September 30, 2011 and December 31, 2010.

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

		(In millions)				(In millions)

Loan-to-value ratios:
Less than 65%		$	1,316	99.4	%	$	1,289	96.0	%
65% to 75%			8	0.6			53	4.0
	Total	$	1,324	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 September 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; and agricultural mortgage loans — 90 days or more. 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
		September 30, 2011		December 31, 2010		September 30, 2011		December 31, 2010		September 30, 2011		December 31, 2010

		(In millions)

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

Impaired Mortgage Loans. The unpaid principal balance, recorded investment, valuation allowances and carrying value, net of valuation allowances, for impaired mortgage loans, including those modified in a troubled debt restructuring, 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 (1)		Investment		Allowances		Value		Balance (1)		Investment		Balance (1)		Value

		(In millions)

September 30, 2011:
Commercial		$	23	$	23	$	15	$	8	$	15	$	15	$	38	$	23
Agricultural			0		0		0		0		0		0		0		0
	Total	$	23	$	23	$	15	$	8	$	15	$	15	$	38	$	23

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, including those modified in a troubled debt restructuring, 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 September 30, 2011:
	Commercial		$	31	$	0	$	0
	Agricultural			3		0		0
		Total	$	34	$	0	$	0

For the Three Months Ended September 30, 2010:
	Commercial		$	50	$	0	$	0
	Agricultural			17		0		0
		Total	$	67	$	0	$	0

Mortgage Loans Modified in a Troubled Debt Restructuring. The Company has a high quality, well performing, mortgage loan portfolio. For a small portion of the portfolio, classified as troubled debt restructurings, the Company grants concessions related to the borrowers' financial difficulties. Generally, the types of concessions include: reduction of the contractual interest rate, extension of the maturity date at an interest rate lower than current market interest rates and/or a reduction of accrued interest. The Company considers the amount, timing and extent of the concession granted in determining any impairment or changes in the specific valuation allowance recorded in connection with the troubled debt restructuring. Through the continuous portfolio monitoring process, the Company may have recorded a specific valuation allowance prior to the quarter when the mortgage loan is modified in a troubled debt restructuring. Accordingly, the carrying value (after specific valuation allowance) before and after modification through a troubled debt restructuring may not change significantly, or may increase if the expected recovery is higher than the pre-modification recovery assessment. At September 30, 2011, the Company had one commercial mortgage loan modified during the period in a troubled debt restructuring with a pre-modification and post-modification carrying value of $15 million.

During the previous twelve months, the Company had no mortgage loans modified in a troubled debt restructuring with a subsequent payment default at September 30, 2011. Payment default is determined in the same manner as delinquency status — when interest and principal payments are past due as follows: commercial mortgage loans — 60 days or more; and agricultural mortgage loans — 90 days or more.

Cash equivalents, which include investments with an original or remaining maturity of three months or less at the time of purchase, were $648 million and $1,826 million at September 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				Nine Months
	Ended				Ended
	September 30,				September 30,
	2011		2010		2011		2010

	(In millions)

Accretable yield, beginning of period	$	306	$	0	$	5	$	0
Investments purchased		42		0		338		0
Accretion recognized in net investment income		(2)		0		(5)		0
Disposals		0		0		0		0
Reclassification (to) from nonaccretable difference		10		0		18		0
Accretable yield, end of period	$	356	$	0	$	356	$	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 September 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.

			September 30, 2011		December 31, 2010

			(In millions)
Consolidated securitization entities: (1)
Assets:
	Mortgage loans held-for-investment (commercial mortgage loans)		$	3,227	$	6,840
	Accrued investment income			15		31
		Total assets	$	3,242	$	6,871

Liabilities:
	Long-term debt		$	3,158	$	6,773
	Other liabilities			15		31
		Total liabilities	$	3,173	$	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:

			September 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)		$	6,543	$	6,543	$	6,709	$	6,709
	CMBS (2)			2,234		2,234		2,277		2,277
	ABS (2)			2,017		2,017		1,869		1,869
	U.S. corporate securities			427		427		336		336
	Foreign corporate securities			232		232		348		348
Other limited partnership interests				1,314		2,001		1,192		1,992
Real estate joint ventures				26		29		10		35
		Total	$	12,793	$	13,483	$	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 nine months ended September 30, 2011.

At September 30, 2011 and December 31, 2010, the Company held $96 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 nine months ended September 30, 2011, and for the three months and nine months ended September 30, 2010.

In the normal course of business, the Company transfers invested assets, primarily consisting of fixed maturity securities, to and from affiliates. Invested assets transferred to and from affiliates were as follows:

	Three Months				Nine Months
	Ended				Ended
	September 30,				September 30,
	2011		2010		2011		2010

	(In millions)

Estimated fair value of invested assets transferred to affiliates	$	0	$	31	$	0	$	476
Amortized cost of assets transferred to affiliates	$	0	$	30	$	0	$	436
Net investment gains (losses) recognized on transfers	$	0	$	1	$	0	$	40
Estimated fair value of invested assets transferred from affiliates	$	33	$	0	$	33	$	0

As more fully described in Note 2 of the Notes of the Consolidated Financial Statements in the 2010 Annual Report, the Company has loans outstanding to wholly-owned real estate subsidiaries of an affiliate, Metropolitan Life Insurance Company (“MLIC”). The carrying values of such loans were $198 million and $199 million at September 30, 2011 and December 31, 2010, respectively. Net investment income from these loans was $4 million and $11 million for the three months and nine months ended September 30, 2011, respectively, and for the three months and nine months ended September 30, 2010, respectively.

During the third quarter of 2011, the Company issued a loan to Exeter Reassurance Company Ltd. (“Exeter”), an affiliate. The loan outstanding was $305 million at September 30, 2011, which was included in other invested assets. The loan is due on July 15, 2021, and bears interest, payable semi-annually, at 5.64%. Both the principal and interest payments have been guaranteed by MetLife. Net investment income from this loan was $4 million at both the three months and nine months ended September 30, 2011. At September 30, 2011, the Company had committed to fund an additional $125 million to Exeter which will be funded in the fourth quarter of 2011. See Note 5.