Consolidated Summary of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2014

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

Consolidated Summary of Investments - Other Than Investments in Related Parties

Metropolitan Life Insurance Company

(A Wholly-Owned Subsidiary of MetLife, Inc.)

Schedule I

Consolidated Summary of Investments —

Other Than Investments in Related Parties

December 31, 2014

(In millions)



Types of Investments	Cost or Amortized Cost (1)		Estimated Fair Value		Amount at Which Shown on Balance Sheet
Fixed maturity securities:
Bonds:
U.S. Treasury and agency securities	$	34,391	$	39,070	$	39,070
Public utilities	14,945		16,861		16,861
State and political subdivision securities	5,329		6,520		6,520
Foreign government securities	3,153		3,844		3,844
All other corporate bonds	71,950		77,200		77,200
Total bonds	129,768		143,495		143,495
Mortgage-backed and asset-backed securities	42,804		44,302		44,302
Redeemable preferred stock	1,032		1,114		1,114
Total fixed maturity securities	173,604		188,911		188,911
Trading and fair value option securities	720		705		705
Equity securities:
Common stock:
Industrial, miscellaneous and all other	1,236		1,352		1,352
Non-redeemable preferred stock	690		713		713
Total equity securities	1,926		2,065		2,065
Mortgage loans held-for-investment	49,059				49,059
Policy loans	8,491				8,491
Real estate and real estate joint ventures	7,595				7,595
Real estate acquired in satisfaction of debt	279				279
Other limited partnership interests	4,926				4,926
Short-term investments	4,474				4,474
Other invested assets	14,209				14,209
Total investments	$	265,283			$	280,714

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(1)

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

- Definition

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

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