Question: a. At what amount does MetLife report its fixed maturity securities on its balance for 2010 and 2009? P9 39 Analyzing and Interpreting Available-for-sale Securities


a. At what amount does MetLife report its fixed maturity securities on its balance for 2010 and 2009?
P9 39 Analyzing and Interpreting Available-for-sale Securities Disclosures Following is a portion of the financial performance of insurance companies such as MetLife, and investments comprise a large part of MetLife's assets. MetLife accounts for its fixed maturity investment as available-for sale securities. Gross Unrealized December 21,2010 (in millions) Cost or Temporary OTTI Estimated Amortized Fair Fixed Maturity Securities Gain Loss Loss Value Cost U.S. corporate securities $89,713 $4,486 $1,631 $92,568 Foreign corporate securities 65,784 3,333 939 68,178 RMBS 44,468 1,625 917 470 44,733 Foreign government securities 43,400 42,154 1,856 610 U.S Treasury, agency and 32,469 1,394 559 33,304 government guaranteed securities 266 12 20,675 20,213 CMBS 590 119 14,290 ABS State and political subdivision 10,129 10,476 918 Securities Other fixed maturity securities Total fixed maturities $320,008 $13,907 $6,030 $601 $327,284 Equity Securities: $2,194 $2,060 $146 $12 Common stock Non-redeemable preferred stock 1,565 76 229 1,412 $3,606 $3,625 Total equity securities $222 $241
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