##### Table of Contents





UNITED STATES SECURITIES AND
    EXCHANGE COMMISSIONWashington, D.C.
    20549
      Form 10-Q
  (Mark One)þ

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE
    QUARTERLY PERIOD ENDED JUNE 30,
    2010ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934FOR THE TRANSITION PERIOD
    FROM          TO   Commission file number:
    33-03094
      MetLife Insurance Company of
    Connecticut
 (Exact name of registrant as
    specified in its charter)
  Connecticut(State or other jurisdiction
    of
    incorporation or organization)

06-0566090(I.R.S. Employer
    Identification No.)1300 Hall Boulevard, Bloomfield, Connecticut(Address of principal
    executive offices)

06002(Zip
    Code)   (860) 656-3000
 (Registrants telephone
    number, including area code)
  þ o
  Regulation S-T o o
  Rule 12b-2
  Large accelerated
    filer o

Accelerated
    filer oNon-accelerated
    filer þ
    (Do not check if a smaller reporting company)

Smaller reporting
    company o   Rule 12b-2 o þ
    REDUCED
    DISCLOSURE FORMAT
  The registrant meets the conditions set forth in General
    Instruction H(1)(a) and (b) of
    Form 10-Q
    and is, therefore, filing this
    Form 10-Q
    with the reduced disclosure format.




---



##### 





Table of
    Contents
   
  PagePart I  Financial
    InformationItem 1. Financial Statements(at
    June 30, 2010 (Unaudited) and December 31, 2009 and
    for the Three Months and Six Months Ended June 30, 2010 and
    2009 (Unaudited))


5Interim Condensed Consolidated Balance Sheets


5Interim Condensed Consolidated Statements of
    Operations


6Interim Condensed Consolidated Statements of
    Stockholders Equity


7Interim Condensed Consolidated Statements of Cash
    Flows


9Notes to the Interim Condensed Consolidated
    Financial Statements


10Item 2. Managements Discussion and
    Analysis of Financial Condition and Results of Operations


98Item 4(T). Controls and Procedures


105Part II  Other
    Information


105Item 1. Legal Proceedings


105Item 1A. Risk Factors


106Item 6. Exhibits


116Signatures


117Exhibit Index


E-1EX-31.1EX-31.2EX-32.1EX-32.2   2




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##### Table of Contents



As used in this
    Form 10-Q,
    MICC, the Company, we,
    our and us refer to MetLife Insurance
    Company of Connecticut, a Connecticut corporation incorporated
    in 1863, and its subsidiaries, including MetLife Investors USA
    Insurance Company (MLI-USA). MetLife Insurance
    Company of Connecticut is a wholly-owned subsidiary of MetLife,
    Inc. (MetLife).
  Note
    Regarding Forward-Looking Statements
  Form 10-Q,
  and/or
 3




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##### Table of Contents



Note
    Regarding Reliance on Statements in Our Contracts
  Form 10-Q,
  
    should not in all instances be treated as categorical statements
    of fact, but rather as a way of allocating the risk to one of
    the parties if those statements prove to be inaccurate;
    have been qualified by disclosures that were made to the other
    party in connection with the negotiation of the applicable
    agreement, which disclosures are not necessarily reflected in
    the agreement;
    may apply standards of materiality in a way that is different
    from what may be viewed as material to investors; and
    were made only as of the date of the applicable agreement or
    such other date or dates as may be specified in the agreement
    and are subject to more recent developments.  Form 10-Q
 4




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##### Table of Contents



Part I 
    Financial Information  Item 1.
    Financial
    Statements  MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
 Interim
    Condensed Consolidated Balance SheetsJune 30, 2010 (Unaudited) and
    December 31, 2009  (In
    millions, except share and per share data)
  June 30, 2010


December 31, 2009AssetsInvestments:Fixed maturity securities
    available-for-sale,
    at estimated fair value (amortized cost: $43,028 and $42,435,
    respectively)

$
43,848


$
41,275Equity securities
    available-for-sale,
    at estimated fair value (cost: $448 and $494, respectively)


407



459Trading securities, at estimated fair value (cost: $1,375 and
    $868, respectively)


1,379



938Mortgage loans (net of valuation allowances of $93 and $77,
    respectively; includes $7,107 and $0, respectively, at estimated
    fair value relating to variable interest entities)


12,111



4,748Policy loans


1,190



1,189Real estate and real estate joint ventures


443



445Other limited partnership interests


1,377



1,236Short-term investments


1,974



1,775Other invested assets


1,635



1,498Total investments


64,364



53,563Cash and cash equivalents


2,198



2,574Accrued investment income (includes $34 and $0, respectively,
    relating to variable interest entities)


501



516Premiums, reinsurance and other receivables


16,029



13,444Deferred policy acquisition costs and value of business acquired


4,920



5,244Deferred income tax assets


460



1,147Goodwill


953



953Other assets


810



799Separate account assets


49,806



49,449Total assets

$
140,041


$
127,689Liabilities and Stockholders EquityLiabilitiesFuture policy benefits

$
22,352


$
21,621Policyholder account balances


38,281



37,442Other policyholder funds


2,426



2,297Payables for collateral under securities loaned and other
    transactions


7,660



7,169Long-term debt (includes $7,052 and $0, respectively, at
    estimated fair value relating to variable interest entities)


8,002



950Current income tax payable


21



23Other liabilities (includes $33 and $0, respectively, relating
    to variable interest entities)


3,544



2,177Separate account liabilities


49,806



49,449Total liabilities


132,092



121,128Contingencies, Commitments and Guarantees (Note 5)Stockholders EquityCommon stock, par value $2.50 per share; 40,000,000 shares
    authorized; 34,595,317 shares issued and outstanding at
    June 30, 2010 and December 31, 2009


86



86Additional paid-in capital


6,719



6,719Retained earnings


881



541Accumulated other comprehensive income (loss)


263



(785
)Total stockholders equity


7,949



6,561Total liabilities and stockholders equity

$
140,041


$
127,689   See accompanying notes to the interim condensed consolidated
    financial statements.
 5




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
 Interim
    Condensed Consolidated Statements of OperationsFor the Three Months and Six Months Ended
    June 30, 2010 and 2009 (Unaudited)  (In
    millions)
  Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009RevenuesPremiums

$
256


$
500


$
711


$
684Universal life and investment-type product policy fees


407



299



776



583Net investment income


725



621



1,515



1,061Other revenues


103



306



213



375Net investment gains (losses):Other-than-temporary
    impairments on fixed maturity securities


(19
)


(195
)


(53
)


(316
)Other-than-temporary
    impairments on fixed maturity securities transferred to other
    comprehensive income (loss)


7



77



23



77Other net investment gains (losses), net


625



(610
)


372



(1,089
)Total net investment gains (losses)


613



(728
)


342



(1,328
)Total revenues


2,104



998



3,557



1,375ExpensesPolicyholder benefits and claims


504



674



1,198



1,101Interest credited to policyholder account balances


257



310



573



610Other expenses


839



178



1,258



436Total expenses


1,600



1,162



3,029



2,147Income (loss) before provision for income tax


504



(164
)


528



(772
)Provision for income tax expense (benefit)


162



(68
)


154



(294
)Net income (loss)

$
342


$
(96
)

$
374


$
(478
)   See accompanying notes to the interim condensed consolidated
    financial statements.
 6




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
 Interim
    Condensed Consolidated Statements of Stockholders
    EquityFor the Six Months Ended June 30, 2010
    (Unaudited)  (In
    millions)
  Accumulated OtherComprehensive Income (Loss)Net





ForeignAdditional





Unrealized


Other-Than-


CurrencyCommon


Paid-in


Retained


Investment


Temporary


Translation


TotalStock


Capital


Earnings


Gains (Losses)


Impairments


Adjustments


EquityBalance at December 31, 2009

$
86


$
6,719


$
541


$
(593
)

$
(83
)

$
(109
)

$
6,561Cumulative effect of change in accounting principle, net of
    income tax (Note 1)










(34
)


23



11







Balance at January 1, 2010


86



6,719



507



(570
)


(72
)


(109
)


6,561Comprehensive income (loss):Net income










374















374Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax














16











16Unrealized investment gains (losses), net of related offsets and
    income tax














1,041



9







1,050Foreign currency translation adjustments, net of income tax






















(52
)


(52
)Other comprehensive income (loss)


























1,014Comprehensive income (loss)


























1,388Balance at June 30, 2010

$
86


$
6,719


$
881


$
487


$
(63
)

$
(161
)

$
7,949   See accompanying notes to the interim condensed consolidated
    financial statements.
 7




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
  Interim
    Condensed Consolidated Statements of Stockholders
    Equity  (Continued)For the Six Months Ended June 30, 2009
    (Unaudited)
  (In
    millions)
  Accumulated OtherComprehensive Income (Loss)Net





ForeignAdditional





Unrealized


Other-Than-


CurrencyCommon


Paid-in


Retained


Investment


Temporary


Translation


TotalStock


Capital


Earnings


Gains (Losses)


Impairments


Adjustments


EquityBalance at December 31, 2008

$
86


$
6,719


$
965


$
(2,682
)

$



$
(154
)

$
4,934Cumulative effect of change in accounting principle, net of
    income tax










22







(22
)






Comprehensive income (loss):Net loss










(478
)














(478
)Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax














(5
)










(5
)Unrealized investment gains (losses), net of related offsets and
    income tax














773



(33
)






740Foreign currency translation adjustments, net of income tax






















50



50Other comprehensive income (loss)


























785Comprehensive income (loss)


























307Balance at June 30, 2009

$
86


$
6,719


$
509


$
(1,914
)

$
(55
)

$
(104
)

$
5,241   See accompanying notes to the interim condensed consolidated
    financial statements.
 8




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
 Interim
    Condensed Consolidated Statements of Cash FlowsFor the Six Months Ended June 30, 2010
    and 2009 (Unaudited)



(In
    millions)  Six MonthsEndedJune 30,2010


2009Net cash provided by (used in) operating activities

$
519


$
(774
)Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


8,500



6,425Equity securities


109



31Mortgage loans


437



233Real estate and real estate joint ventures


9



2Other limited partnership interests


56



96Purchases of:Fixed maturity securities


(9,145
)


(8,525
)Equity securities


(46
)


(26
)Mortgage loans


(395
)


(74
)Real estate and real estate joint ventures


(57
)


(23
)Other limited partnership interests


(163
)


(75
)Cash received in connection with freestanding derivatives


48



229Cash paid in connection with freestanding derivatives


(108
)


(271
)Net change in policy loans


(1
)


9Net change in short-term investments


(202
)


1,851Net change in other invested assets


(39
)


(169
)Net cash used in investing activities


(997
)


(287
)Cash flows from financing activitiesPolicyholder account balances:Deposits


12,565



11,388Withdrawals


(12,604
)


(10,861
)Net change in payables for collateral under securities loaned
    and other transactions


491



(1,556
)Net change in short-term debt






(300
)Long-term debt repaid


(311
)


Financing element on certain derivative instruments


(15
)


(16
)Net cash provided by (used in) financing activities


126



(1,345
)Effect of change in foreign currency exchange rates on cash
    balances


(24
)


45Change in cash and cash equivalents


(376
)


(2,361
)Cash and cash equivalents, beginning of period


2,574



5,656Cash and cash equivalents, end of period

$
2,198


$
3,295Supplemental disclosures of cash flow information:Net cash paid (received) during the period for:Interest

$
245


$
39Income tax

$
42


$
(53
)   See accompanying notes to the interim condensed consolidated
    financial statements.
 9




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)Notes to the Interim Condensed Consolidated
    Financial Statements (Unaudited)
  1.
    Business,
    Basis of Presentation and Summary of Significant Accounting
    Policies  Business
    Basis
    of Presentation
              Form 10-K
 10




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Adoption
    of New Accounting Pronouncements
  Financial
    Instruments
        Fair
    Value
  and/or 2010-06, Fair Value Measurements and Disclosures (Topic 820
  Future
    Adoption of New Accounting Pronouncements
  2010-20, Disclosures about the Credit Quality of Financing Receivables
    and the Allowance for Credit Losses
 11




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    2010-15, How Investments Held through Separate Accounts Affect an
    Insurers Consolidation Analysis of Those Investments
  2010-11, Scope Exception Related to Embedded Credit Derivatives
  2.
    Investments  Fixed
    Maturity and Equity Securities
    Available-for-Sale
  other-than-temporary
  June 30, 2010Cost or


Gross Unrealized


EstimatedAmortized





Temporary


OTTI


Fair


% ofCost


Gain


Loss


Loss


Value


Total(In millions)Fixed Maturity Securities:U.S. corporate securities

$
15,229


$
806


$
372


$



$
15,663



35.7
%U.S. Treasury and agency securities


7,947



346



31







8,262



18.8Foreign corporate securities


7,452



414



210







7,656



17.5Residential mortgage-backed securities (RMBS)


5,514



253



275



82



5,410



12.3Commercial mortgage-backed securities (CMBS) (1)


2,504



97



63



(2
)


2,540



5.8Asset-backed securities (ABS)


2,151



51



132



30



2,040



4.7State and political subdivision securities


1,519



54



83







1,490



3.4Foreign government securities


712



79



4







787



1.8Total fixed maturity securities (2), (3)

$
43,028


$
2,100


$
1,170


$
110


$
43,848



100.0
%Equity Securities:Non-redeemable preferred stock (2)

$
294


$
7


$
61


$



$
240



59.0
%Common stock


154



15



2







167



41.0Total equity securities (4)

$
448


$
22


$
63


$



$
407



100.0
%   12




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2009Cost or


Gross Unrealized


EstimatedAmortized





Temporary


OTTI


Fair


% ofCost


Gain


Loss


Loss


Value


Total(In millions)Fixed Maturity Securities:U.S. corporate securities

$
15,598


$
441


$
639


$
2


$
15,398



37.3
%U.S. Treasury and agency securities


6,503



35



281







6,257



15.2Foreign corporate securities


7,292



307



255



6



7,338



17.8RMBS


6,183



153



402



82



5,852



14.2CMBS


2,808



43



216



18



2,617



6.3ABS


2,152



33



163



33



1,989



4.8State and political subdivision securities


1,291



12



124







1,179



2.8Foreign government securities


608



46



9







645



1.6Total fixed maturity securities (2) ,(3)

$
42,435


$
1,070


$
2,089


$
141


$
41,275



100.0
%Equity Securities:Non-redeemable preferred stock (2)

$
351


$
10


$
55


$



$
306



66.7
%Common stock


143



11



1







153



33.3Total equity securities (4)

$
494


$
21


$
56


$



$
459



100.0
%     (1)
    
    OTTI loss, as presented above, represents the noncredit portion
    of OTTI loss that is included in accumulated other comprehensive
    income (loss). OTTI loss includes both the initial recognition
    of noncredit losses, and the effects of subsequent increases and
    decreases in estimated fair value for those fixed maturity
    securities that were previously noncredit loss impaired. The
    noncredit loss component of OTTI loss for CMBS was in an
    unrealized gain position of $2 million at June 30,
    2010 due to increases in estimated fair value subsequent to
    initial recognition of noncredit losses on such securities. See
    also Net Unrealized Investment Gains (Losses).(2)
    
    Upon acquisition, the Company classifies perpetual securities
    that have attributes of both debt and equity as fixed maturity
    securities if the security has an interest rate
    step-up
    feature which, when combined with other qualitative factors,
    indicates that the security has more debt-like characteristics.
    The Company classifies perpetual securities with an interest
    rate step-up
    feature which, when combined with other qualitative factors,
    indicates that the security has more equity-like
    characteristics, as equity securities within non-redeemable
    preferred stock. Many of such securities have been issued by
    non-U.S.
    financial institutions that are accorded Tier 1 and Upper
    Tier 2 capital treatment by their respective regulatory
    bodies and are commonly referred to as perpetual hybrid
    securities. The following table presents the perpetual
    hybrid securities held by the Company at:  Classification

June 30, 2010

December 31, 2009Estimated

EstimatedFair

FairConsolidated Balance Sheets

Sector Table

Primary Issuers

Value

Value(In millions)Equity securities

Non-redeemable preferred stock

Non-U.S. financial institutions

$
201


$
237Equity securities

Non-redeemable preferred stock

U.S. financial institutions

$
34


$
43Fixed maturity securities

Foreign corporate securities

Non-U.S. financial institutions

$
575


$
580Fixed maturity securities

U.S. corporate securities

U.S. financial institutions

$
14


$
17     (3)
    
    Redeemable preferred stock with stated maturity dates are
    included in the U.S. corporate securities sector within fixed
    maturity securities. These securities, commonly referred to as
    capital securities, are primarily 13




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  issued by U.S. financial institutions and have cumulative
    interest deferral features. The Company held $525 million
    and $513 million at estimated fair value of such securities
    at June 30, 2010 and December 31, 2009, respectively.(4)
    
    Equity securities primarily consist of investments in common and
    preferred stocks, including certain perpetual hybrid securities
    and mutual fund interests. Privately-held equity securities were
    $106 million and $82 million at estimated fair value
    at June 30, 2010 and December 31, 2009, respectively.  sub-prime
    June 30, 2010


December 31, 2009(In millions)Below investment grade or non-rated fixed maturity securities:Estimated fair value

$
3,773


$
3,866Net unrealized loss

$
345


$
467Non-income producing fixed maturity securities:Estimated fair value

$
32


$
67Net unrealized gain (loss)

$
(3
)

$
2Fixed maturity securities credit enhanced by financial guarantor
    insurers  by sector  at estimated fair
    value:State and political subdivision securities

$
506


$
493U.S. corporate securities


494



458ABS


95



107RMBS


9



7CMBS


3



3Total fixed maturity securities credit enhanced by financial
    guarantor insurers

$
1,107


$
1,068Ratings of the financial guarantor insurers providing the credit
    enhancement:Portion rated Aa/AA


26
%


25
%Portion rated Baa/BBB


40
%


39
%   Concentrations of Credit Risk (Fixed Maturity
    Securities) Summary.
 14




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Concentrations of Credit Risk Fixed Maturity
    Securities) U.S. and Foreign Corporate
    Securities.
  June 30, 2010


December 31, 2009Estimated





EstimatedFair


% of


Fair


% ofValue


Total


Value


Total(In millions)Corporate fixed maturity securities  by industry type:Foreign (1)

$
7,656



32.8
%

$
7,338



32.3
%Consumer


3,882



16.6



3,507



15.4Utility


3,449



14.8



3,328



14.6Industrial


3,215



13.8



3,047



13.4Finance


2,857



12.3



3,145



13.8Communications


1,491



6.4



1,669



7.4Other


769



3.3



702



3.1Total

$
23,319



100.0
%

$
22,736



100.0
%     (1)
    
    Includes U.S. dollar-denominated debt obligations of foreign
    obligors and other foreign fixed maturity security investments.  June 30, 2010

December 31, 2009Estimated



EstimatedFair

% of Total

Fair

% of TotalValue

Investments

Value

Investments(In millions)Concentrations within corporate fixed maturity securities:Largest exposure to a single issuer

$
197



0.3
%

$
204



0.4
%Holdings in ten issuers with the largest exposures

$
1,599



2.5
%

$
1,695



3.2
%  15




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Concentrations of Credit Risk (Fixed Maturity
    Securities)  RMBS.
  June 30, 2010


December 31, 2009Estimated





EstimatedFair


% of


Fair


% ofValue


Total


Value


Total(In millions)By security type:Collateralized mortgage obligations

$
3,492



64.5
%

$
3,646



62.3
%Pass-through securities


1,918



35.5



2,206



37.7Total RMBS

$
5,410



100.0
%

$
5,852



100.0
%By risk profile:Agency

$
3,741



69.2
%

$
4,095



70.0
%Prime


1,067



19.7



1,118



19.1Alternative residential mortgage loans


602



11.1



639



10.9Total RMBS

$
5,410



100.0
%

$
5,852



100.0
%Portion rated Aaa/AAA

$
3,937



72.8
%

$
4,347



74.3
%Portion rated NAIC 1

$
4,437



82.0
%

$
4,835



82.6
%     sub-prime. Sub-prime
 16




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    June 30, 2010


December 31, 2009Estimated





EstimatedFair


% of


Fair


% ofValue


Total


Value


Total(In millions)Vintage Year:2004 & Prior

$
10



1.7
%

$
15



2.3
%2005


313



52.0



336



52.62006


80



13.3



83



13.02007


199



33.0



205



32.12008














2009














2010














Total

$
602



100.0
%

$
639



100.0
%   June 30, 2010

December 31, 2009% of



% ofAmount

Total

Amount

Total(In millions)Net unrealized loss

$
191






$
235Rated Aa/AA or better






1.7
%






2.3
%Rated NAIC 1






14.7
%






16.6
%By collateral type:Fixed rate mortgage loans collateral






95.6
%






95.6
%Hybrid adjustable rate mortgage loans collateral






4.4







4.4Total Alt-A RMBS






100.0
%






100.0
%   Concentrations of Credit Risk (Fixed Maturity
    Securities)  CMBS.
 17




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    June 30, 2010


December 31, 2009Estimated





EstimatedFair


% of


Fair


% ofValue


Total


Value


Total(In millions)2003 & Prior

$
1,203



47.4
%

$
1,202



45.9
%2004


450



17.7



512



19.62005


444



17.5



472



18.02006


426



16.8



407



15.62007


17



0.6



24



0.92008














2009














2010














Total

$
2,540



100.0
%

$
2,617



100.0
%   June 30, 2010

December 31, 2009% of



% ofAmount

Total

Amount

Total(In millions)Net unrealized gain (loss)

$
36






$
(191
)Rated Aaa/AAA






91
%






83
%     Concentrations of Credit Risk (Fixed Maturity
    Securities)  ABS.
 18




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    June 30, 2010


December 31, 2009Estimated





EstimatedFair


% of


Fair


% ofValue


Total


Value


Total(In millions)By collateral type:Credit card loans

$
895



43.9
%

$
920



46.3
%RMBS backed by
    sub-prime
    mortgage loans


245



12.0



247



12.4Student loans


218



10.7



158



7.9Automobile loans


147



7.2



205



10.3Other loans


535



26.2



459



23.1Total

$
2,040



100.0
%

$
1,989



100.0
%Portion rated Aaa/AAA

$
1,374



67.4
%

$
1,292



65.0
%Portion rated NAIC 1

$
1,848



90.6
%

$
1,767



88.8
%RMBS backed by
    sub-prime
    mortgage loans  portion credit enhanced by financial
    guarantor insurers






19.8
%






20.6
%Of the 19.8% and 20.6% credit enhanced, the financial guarantor
    insurers were rated as follows:By financial guarantor insurers rated Aa/AA






0.9
%






0.7
%By financial guarantor insurers rated A






0.3
%






0.2
%   Concentrations of Credit Risk (Equity
    Securities).
  Maturities of Fixed Maturity Securities.
  June 30, 2010


December 31, 2009Estimated





EstimatedAmortized


Fair


Amortized


FairCost


Value


Cost


Value(In millions)Due in one year or less

$
1,679


$
1,693


$
1,023


$
1,029Due after one year through five years


9,610



9,861



9,048



9,202Due after five years through ten years


8,033



8,439



7,882



7,980Due after ten years


13,537



13,865



13,339



12,606Subtotal


32,859



33,858



31,292



30,817RMBS, CMBS and ABS


10,169



9,990



11,143



10,458Total fixed maturity securities

$
43,028


$
43,848


$
42,435


$
41,275    19




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Evaluating
    Available-for-Sale
    Securities for
    Other-Than-Temporary
    Impairment
  security-by-security available-for-sale other-than-temporarily
  other-than-temporarily other-than-temporarily
     20




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Net
    Unrealized Investment Gains (Losses)
    June 30, 2010


December 31, 2009(In millions)Fixed maturity securities

$
930


$
(1,019
)Fixed maturity securities with noncredit OTTI losses in other
    
    comprehensive income (loss)


(110
)


(141
)Total fixed maturity securities


820



(1,160
)Equity securities


(41
)


(35
)Derivatives


25



(4
)Short-term investments


(14
)


(10
)Other


(6
)


(3
)Subtotal


784



(1,212
)Amounts allocated from:Insurance liability loss recognition


(19
)


DAC and VOBA related to noncredit OTTI losses recognized in
    other comprehensive income (loss)


11



12DAC and VOBA


(138
)


151Subtotal


(146
)


163Deferred income tax benefit (expense) related to noncredit OTTI
    losses recognized in other comprehensive income (loss)


36



46Deferred income tax benefit (expense)


(250
)


327Net unrealized investment gains (losses)

$
424


$
(676
)      21




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Six MonthsEndedJune 30, 2010(In millions)Balance, beginning of period

$
(676
)Cumulative effect of change in accounting principle, net of
    income tax


34Fixed maturity securities on which noncredit OTTI losses have
    been recognized


15Unrealized investment gains (losses) during the period


1,929Unrealized investment gains (losses) relating to:Insurance liability gain (loss) recognition


(19
)DAC and VOBA related to noncredit OTTI losses recognized in
    other comprehensive income (loss)


(1
)DAC and VOBA


(289
)Deferred income tax benefit (expense) related to noncredit OTTI
    losses recognized in other comprehensive income (loss)


(5
)Deferred income tax benefit (expense)


(564
)Balance, end of period

$
424Change in net unrealized investment gains (losses)

$
1,100  22




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Continuous
    Gross Unrealized Loss and OTTI Loss for Fixed Maturity and
    Equity Securities
    Available-for-Sale
    by Sector
    June 30, 2010Equal to or GreaterLess than 12 Months


than 12 Months


TotalEstimated


Gross


Estimated


Gross


Estimated


GrossFair


Unrealized


Fair


Unrealized


Fair


UnrealizedValue


Loss


Value


Loss


Value


Loss(In millions, except number of securities)Fixed Maturity Securities:U.S. corporate securities

$
1,077


$
48


$
2,890


$
324


$
3,967


$
372U.S. Treasury and agency securities


774







624



31



1,398



31Foreign corporate securities


690



28



983



182



1,673



210RMBS


39



10



1,584



347



1,623



357CMBS


111







301



61



412



61ABS


228



6



687



156



915



162State and political subdivision securities


111



6



438



77



549



83Foreign government securities


15



1



13



3



28



4Total fixed maturity securities

$
3,045


$
99


$
7,520


$
1,181


$
10,565


$
1,280Equity Securities:Non-redeemable preferred stock

$
1


$



$
206


$
61


$
207


$
61Common stock


31



2











31



2Total equity securities

$
32


$
2


$
206


$
61


$
238


$
63Total number of securities in an unrealized loss position


471







837   23




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2009Equal to or GreaterLess than 12 Months


than 12 Months


TotalEstimated


Gross


Estimated


Gross


Estimated


GrossFair


Unrealized


Fair


Unrealized


Fair


UnrealizedValue


Loss


Value


Loss


Value


Loss(In millions, except number of securities)Fixed Maturity Securities:U.S. corporate securities

$
2,164


$
87


$
4,314


$
554


$
6,478


$
641U.S. Treasury and agency securities


5,265



271



26



10



5,291



281Foreign corporate securities


759



27



1,488



234



2,247



261RMBS


703



12



1,910



472



2,613



484CMBS


334



3



1,054



231



1,388



234ABS


125



11



821



185



946



196State and political subdivision securities


413



16



433



108



846



124Foreign government securities


132



4



25



5



157



9Total fixed maturity securities

$
9,895


$
431


$
10,071


$
1,799


$
19,966


$
2,230Equity Securities:Non-redeemable preferred stock

$
21


$
9


$
198


$
46


$
219


$
55Common stock


3



1



3







6



1Total equity securities

$
24


$
10


$
201


$
46


$
225


$
56Total number of securities in an unrealized loss position


708







1,236  24




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Aging
    of Gross Unrealized Loss and OTTI Loss for Fixed Maturity and
    Equity Securities
    Available-for-Sale
    June 30, 2010Cost or


Gross


Number ofAmortized Cost


Unrealized Loss


SecuritiesLess than


20% or


Less than


20% or


Less than


20% or20%


more


20%


more


20%


more(In millions, except number of securities)Fixed Maturity Securities:Less than six months

$
2,621


$
596


$
52


$
154



372



65Six months or greater but less than nine months


421



137



17



41



54



13Nine months or greater but less than twelve months


59



24



7



7



7



5Twelve months or greater


6,533



1,454



550



452



601



154Total

$
9,634


$
2,211


$
626


$
654Percentage of amortized cost










6
%


30
%Equity Securities:Less than six months

$
31


$
88


$
1


$
24



15



8Six months or greater but less than nine months


1















3



Nine months or greater but less than twelve months






















Twelve months or greater


111



70



15



23



12



7Total

$
143


$
158


$
16


$
47Percentage of cost










11
%


30
%   25




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2009Cost or


Gross


Number ofAmortized Cost


Unrealized Loss


SecuritiesLess than


20% or


Less than


20% or


Less than


20% or20%


more


20%


more


20%


more(In millions, except number of securities)Fixed Maturity Securities:Less than six months

$
8,310


$
790


$
173


$
199



609



74Six months or greater but less than nine months


1,084



132



114



37



33



24Nine months or greater but less than twelve months


694



362



74



102



30



29Twelve months or greater


8,478



2,346



737



794



867



260Total

$
18,566


$
3,630


$
1,098


$
1,132Percentage of amortized cost










6
%


31
%Equity Securities:Less than six months

$
3


$
9


$



$
3



7



3Six months or greater but less than nine months






















Nine months or greater but less than twelve months


10



20



1



8



2



3Twelve months or greater


161



78



21



23



17



6Total

$
174


$
107


$
22


$
34Percentage of cost










13
%


32
%   Available-for-Sale
 26




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Concentration
    of Gross Unrealized Loss and OTTI Loss for Fixed Maturity and
    Equity Securities
    Available-for-Sale
    June 30, 2010

December 31, 2009Sector:U.S. corporate securities


28
%


28
%RMBS


26



21Foreign corporate securities


16



11ABS


12



9State and political subdivision securities


6



5CMBS


5



10U.S. Treasury and agency securities


3



12Other


4



4Total


100
%


100
%Industry:Mortgage-backed


31
%


31
%Finance


26



22Asset-backed


12



9State and political subdivision securities


6



5Consumer


6



6Utility


3



4Communications


3



3U.S. Treasury and agency securities


3



12Industrial


2



2Other


8



6Total


100
%


100
%   Evaluating
    Temporarily Impaired
    Available-for-Sale
    Securities
    June 30, 2010

December 31, 2009Fixed Maturity

Equity

Fixed Maturity

EquitySecurities

Securities

Securities

Securities(In millions, except number of securities)Number of securities


20







33



Total gross unrealized loss

$
279


$



$
510


$
Percentage of total gross unrealized loss


22
%



%


23
%



%  27




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  available-for-sale other-than-temporarily
    available-for-sale
  Non-Redeemable Preferred StockAll Types ofAll Equity


Non-Redeemable


Investment GradeSecurities


Preferred Stock


All Industries


Financial Services IndustryGross


Gross


% of All


Gross


% of All


GrossUnrealized


Unrealized


Equity


Unrealized


Non-Redeemable


Unrealized


% of All


% A RatedLoss


Loss


Securities


Loss


Preferred Stock


Loss


Industries


or Better(In millions)Less than six months

$
24


$
23



96
%

$
23



100
%

$
23



100
%


75
%Six months or greater but less than twelve months











%







%







%



%Twelve months or greater


23



23



100
%


23



100
%


23



100
%


70
%All equity securities with a gross unrealized loss of 20% or more

$
47


$
46



98
%

$
46



100
%

$
46



100
%


72
%        28




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Net
    Investment Gains (Losses)
      Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Total losses on fixed maturity securities:Total OTTI losses recognized

$
(19
)

$
(195
)

$
(53
)

$
(316
)Less: Noncredit portion of OTTI losses transferred to and
    recognized in other comprehensive income (loss)


7



77



23



77Net OTTI losses on fixed maturity securities recognized in
    earnings


(12
)


(118
)


(30
)


(239
)Fixed maturity securities  net gains (losses) on
    sales and disposals


58



(20
)


62



(60
)Total losses on fixed maturity securities


46



(138
)


32



(299
)Other net investment gains (losses):Equity securities


20



(20
)


19



(78
)Mortgage loans


(7
)


(6
)


(15
)


(20
)Commercial mortgage loans held by consolidated securitization
    entities  fair value option


172







653



Real estate and real estate joint ventures


(3
)


(44
)


(19
)


(55
)Other limited partnership interests


(8
)


(16
)


(10
)


(66
)Freestanding derivatives


231



(303
)


134



(481
)Embedded derivatives


332



(94
)


121



(278
)Long-term debt of consolidated securitization
    entities  related to mortgage loans  fair
    value option


(162
)






(647
)


Other


(8
)


(107
)


74



(51
)Total net investment gains (losses)

$
613


$
(728
)

$
342


$
(1,328
)      29




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Fixed Maturity Securities


Equity Securities


TotalThree Months Ended June 30,2010


2009


2010


2009


2010


2009(In millions)Proceeds

$
3,076


$
1,516


$
74


$
4


$
3,150


$
1,520Gross investment gains

$
87


$
24


$
20


$



$
107


$
24Gross investment losses


(29
)


(44
)






(3
)


(29
)


(47
)Total OTTI losses recognized in earnings:Credit-related


(12
)


(108
)










(12
)


(108
)Other (1)






(10
)






(17
)






(27
)Total OTTI losses recognized in earnings


(12
)


(118
)






(17
)


(12
)


(135
)Net investment gains (losses)

$
46


$
(138
)

$
20


$
(20
)

$
66


$
(158
)   Fixed Maturity Securities


Equity Securities


TotalSix Months Ended June 30,2010


2009


2010


2009


2010


2009(In millions)Proceeds

$
5,264


$
4,774


$
79


$
12


$
5,343


$
4,786Gross investment gains

$
131


$
71


$
20


$
1


$
151


$
72Gross investment losses


(69
)


(131
)


(1
)


(4
)


(70
)


(135
)Total OTTI losses recognized in earnings:Credit-related


(29
)


(222
)










(29
)


(222
)Other (1)


(1
)


(17
)






(75
)


(1
)


(92
)Total OTTI losses recognized in earnings


(30
)


(239
)






(75
)


(30
)


(314
)Net investment gains (losses)

$
32


$
(299
)

$
19


$
(78
)

$
51


$
(377
)     (1)
    
    Other OTTI losses recognized in earnings include impairments on
    equity securities, impairments on perpetual hybrid securities
    classified within fixed maturity securities where the primary
    reason for the impairment was the severity and/or the duration
    of an unrealized loss position and fixed maturity securities
    where there is an intent to sell or it is more likely than not
    that the Company will be required to sell the security before
    recovery of the decline in estimated fair value. 30




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
     Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Sector:U.S. and foreign corporate securities  by industry:Consumer

$



$
20


$
9


$
34Communications






30



3



70Finance


1



16



2



36Industrial














18Utility


2



2



2



6Total U.S. and foreign corporate securities


3



68



16



164CMBS


6



33



7



35RMBS


3



3



7



3ABS






14







37Total

$
12


$
118


$
30


$
239     Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Sector:Non-redeemable preferred stock

$



$
15


$



$
71Common stock






2







4Total

$



$
17


$



$
75Industry:Financial services industry:Perpetual hybrid securities

$



$
15


$



$
51Common and remaining non-redeemable preferred stock














3Total financial services industry






15







54Other industries






2







21Total

$



$
17


$



$
75  31




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  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)
    Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Balance, beginning of period

$
80


$



$
213


$
Credit loss component of OTTI loss not reclassified to other
    comprehensive income (loss) in the cumulative effect transition
    adjustment






92







92Additions:Initial impairments  credit loss OTTI recognized on
    securities not previously impaired


1



67



3



67Additional impairments  credit loss OTTI recognized
    on securities previously impaired


4



5



6



5Reductions:Due to sales (maturities, pay downs or prepayments) during the
    period of securities previously credit loss OTTI impaired


(16
)


(5
)


(52
)


(5
)Due to securities de-recognized in connection with the adoption
    of new guidance related to the consolidation of VIEs










(100
)


Due to increases in cash flows  accretion of previous
    credit loss OTTI


(1
)






(2
)


Balance, end of period

$
68


$
159


$
68


$
159  32




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Net
    Investment Income
    Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Fixed maturity securities

$
525


$
525


$
1,054


$
1,036Equity securities


7



8



9



15Trading securities


(22
)


16



26



7Mortgage loans


72



58



140



117Commercial mortgage loans held by consolidated securitization
    entities


105







210



Policy loans


17



20



33



41Real estate and real estate joint ventures


1



(12
)


(25
)


(58
)Other limited partnership interests


34



30



102



(51
)Cash, cash equivalents and short-term investments


1



4



3



11International joint ventures


(1
)






(2
)


(1
)Other


9







11



(1
)Total investment income


748



649



1,561



1,116Less: Investment expenses


23



28



46



55Net investment income

$
725


$
621


$
1,515


$
1,061       Securities
    Lending
   33




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    June 30, 2010


December 31, 2009(In millions)Securities on loan:Cost or amortized cost

$
6,332


$
6,173Estimated fair value

$
6,689


$
6,051Aging of cash collateral liability:Open (1)

$
1,342


$
1,325Less than thirty days


3,044



3,342Thirty days or greater but less than sixty days


1,151



1,323Sixty days or greater but less than ninety days


120



Ninety days or greater


993



234Total cash collateral liability

$
6,650


$
6,224Security collateral on deposit from counterparties

$
171


$
Reinvestment portfolio  estimated fair value

$
6,265


$
5,686     (1)
    
    Open  meaning that the related loaned security could
    be returned to the Company on the next business day requiring
    the Company to immediately return the cash collateral.      Invested
    Assets on Deposit and Pledged as Collateral
    June 30, 2010


December 31, 2009(In millions)Invested assets on deposit:Regulatory agencies (1)

$
22


$
21Invested assets pledged as collateral:Funding agreements  FHLB of Boston (2)


408



419Derivative transactions (3)


42



18Total invested assets on deposit and pledged as collateral

$
472


$
458  34




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    (1)
    
    The Company had investment assets on deposit with regulatory
    agencies consisting primarily of fixed maturity securities.(2)
    
    The Company has pledged fixed maturity securities in support of
    its funding agreements with the Federal Home Loan Bank of Boston
    (FHLB of Boston). The nature of these Federal Home
    Loan Bank arrangements is described in Note 7 of the Notes
    to the Consolidated Financial Statements included in the 2009
    Annual Report.(3)
    
    Certain of the Companys invested assets are pledged as
    collateral for various derivative transactions as described in
    Note 3.    Trading
    Securities
        Mortgage
    Loans
    June 30, 2010


December 31, 2009Carrying


% of


Carrying


% ofValue


Total


Value


Total(In millions)Mortgage loans
    held-for-investment,
    net:Commercial mortgage loans

$
3,769



31.1
%

$
3,546



74.7
%Agricultural mortgage loans


1,233



10.2



1,201



25.3Consumer loans










1



Subtotal mortgage loans
    held-for-investment,
    net


5,002



41.3
%


4,748



100.0
%Commercial mortgage loans held by consolidated securitization
    entities  fair value option


7,107



58.7







Total mortgage loans
    held-for-investment,
    net


12,109



100.0
%


4,748



100.0
%Mortgage loans
    held-for-sale:Commercial  lower of amortized cost or estimated fair
    value


2











Total mortgage loans, net

$
12,111



100.0
%

$
4,748



100.0
%  35




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        Short-term
    Investments
    Cash
    Equivalents
    Variable
    Interest Entities
    June 30, 2010

December 31, 2009Total

Total

Total

TotalAssets

Liabilities

Assets

Liabilities(In millions)Consolidated securitization entities (1)

$
7,141


$
7,085


$



$
     (1)
    
    As discussed in Note 1, upon the adoption of new guidance
    effective January 1, 2010, the Company consolidated former
    QSPEs that are structured as CMBS. At June 30, 2010, these
    entities held total assets of $7,141 million consisting of
    $7,107 million of commercial mortgage loans and
    $34 million of accrued investment income. These entities
    had total liabilities of $7,085 million, consisting of
    $7,052 million of long-term debt and $33 million of
    other liabilities. The assets of these entities can only be used
    to settle their respective liabilities, and under no
    circumstances is the Company or any of its subsidiaries or
    affiliates liable for any principal or interest shortfalls,
    should any arise. The Companys exposure is limited to that
    of its remaining investment in the former QSPEs of
    $55 million at estimated fair value at June 30, 2010.
    The long-term debt 36




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  referred to above bears interest at primarily fixed rates
    ranging from 2.25% to 5.57%, payable primarily on a monthly
    basis and is expected to be repaid over the next 7 years.
    Interest expense related to these obligations, included in other
    expenses, was $101 million and $204 million for the
    three months and six months ended June 30, 2010,
    respectively.    June 30, 2010


December 31, 2009Maximum





MaximumCarrying


Exposure


Carrying


ExposureAmount


to Loss (1)


Amount


to Loss (1)(In millions)Fixed maturity securities
    available-for-sale:RMBS (2)

$
5,410


$
5,410


$



$
CMBS (2)


2,540



2,540







ABS (2)


2,040



2,040







U.S. corporate securities


360



360



247



247Foreign corporate securities


293



293



304



304Other limited partnership interests


1,006



1,869



838



1,273Real estate joint ventures


7



35



32



39Total

$
11,656


$
12,547


$
1,421


$
1,863     (1)
    
    The maximum exposure to loss relating to the fixed maturity
    securities
    available-for-sale
    is equal to the carrying amounts or carrying amounts of retained
    interests. The maximum exposure to loss relating to the real
    estate joint ventures and other limited partnership interests is
    equal to the carrying amounts plus any unfunded commitments.
    Such a maximum loss would be expected to occur only upon
    bankruptcy of the issuer or investee.(2)
    
    As discussed in Note 1, the Company adopted new guidance
    effective January 1, 2010 which eliminated the concept of a
    QSPE. As a result, the Company concluded it held variable
    interests in RMBS, CMBS and ABS. For these interests, the
    Companys involvement is limited to that of a passive
    investor.    Related
    Party Investment Transactions
   37




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Six MonthsEndedJune 30,2010

2009(In millions)Estimated fair value of assets transferred to affiliates

$
445


$
Amortized cost of assets transferred to affiliates

$
406


$
Net investment gains (losses) recognized on transfers

$
39


$
Estimated fair value of assets transferred from affiliates

$



$
143   3.
    Derivative
    Financial Instruments  Accounting
    for Derivative Financial Instruments
  over-the-counter
  over-the-counter
       38




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
               39




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
          Primary
    Risks Managed by Derivative Financial Instruments and
    Non-Derivative Financial Instruments
   40




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    June 30, 2010


December 31, 2009Estimated





EstimatedPrimary Underlying



Notional


Fair Value (1)


Notional


Fair Value (1)Risk Exposure

Instrument Type

Amount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate

Interest rate swaps

$
6,342


$
696


$
232


$
5,261


$
534


$
179Interest rate floors


7,986



164



72



7,986



78



34Interest rate caps


6,099



7



1



4,003



15



Interest rate futures


971











835



2



1Foreign currency

Foreign currency swaps


2,607



489



51



2,678



689



93Foreign currency forwards


154



3



1



79



3



Credit

Credit default swaps


1,351



14



22



966



12



31Credit forwards


110



8



2



90







3Equity market

Equity futures


74



1







81



1



Equity options


787



157







775



112



Variance swaps


1,081



46







1,081



24



6Total

$
27,562


$
1,585


$
381


$
23,835


$
1,470


$
347     (1)
    
    The estimated fair value of all derivatives in an asset position
    is reported within other invested assets in the consolidated
    balance sheets and the estimated fair value of all derivatives
    in a liability position is reported within other liabilities in
    the consolidated balance sheets.         41




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
                   42




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
             43




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Hedging
    June 30, 2010


December 31, 2009Estimated





EstimatedNotional


Fair Value


Notional


Fair ValueDerivatives Designated as Hedging Instruments

Amount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair Value Hedges:Foreign currency swaps

$
850


$
265


$
27


$
850


$
370


$
15Interest rate swaps


134



14



1



220



11



2Subtotal


984



279



28



1,070



381



17Cash Flow Hedges:Foreign currency swaps


246



24



3



166



15



7Interest rate swaps


10



2















Credit forwards


110



8



2



90







3Subtotal


366



34



5



256



15



10Total Qualifying Hedges

$
1,350


$
313


$
33


$
1,326


$
396


$
27     June 30, 2010


December 31, 2009Estimated





EstimatedDerivatives Not Designated or

Notional


Fair Value


Notional


Fair ValueNot Qualifying as Hedging Instruments

Amount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
6,198


$
680


$
231


$
5,041


$
523


$
177Interest rate floors


7,986



164



72



7,986



78



34Interest rate caps


6,099



7



1



4,003



15



Interest rate futures


971











835



2



1Foreign currency swaps


1,511



200



21



1,662



304



71Foreign currency forwards


154



3



1



79



3



Credit default swaps


1,351



14



22



966



12



31Equity futures


74



1







81



1



Equity options


787



157







775



112



Variance swaps


1,081



46







1,081



24



6Total non-designated or non-qualifying derivatives

$
26,212


$
1,272


$
348


$
22,509


$
1,074


$
320  44




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Qualifying hedges:Net investment income

$
1


$



$
1


$
(1
)Interest credited to policyholder account balances


6



9



16



17Non-qualifying hedges:Net investment gains (losses)


(1
)






(7
)


2Total

$
6


$
9


$
10


$
18   Fair
    Value Hedges
   45




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    IneffectivenessNet Investment Gains


Net Investment Gains


Recognized in NetDerivatives in Fair Value

Hedged Items in Fair Value

(Losses) Recognized


(Losses) Recognized


Investment GainsHedging Relationships

Hedging Relationships

for Derivatives


for Hedged Items


(Losses)(In millions)For the Three Months Ended June 30, 2010:Interest rate swaps:

Fixed maturity securities

$
(1
)

$
1


$
Policyholder account balances (1)


4



(1
)


3Foreign currency swaps:

Foreign-denominated
    policyholder account balances (2)


(65
)


55



(10
)Total

$
(62
)

$
55


$
(7
)For the Three Months Ended June 30, 2009:Interest rate swaps:

Fixed maturity securities

$
1


$
(1
)

$
Policyholder account balances (1)


(4
)


4



Foreign currency swaps:

Foreign-denominated
    policyholder account balances (2)


94



(95
)


(1
)Total

$
91


$
(92
)

$
(1
)For the Six Months Ended June 30, 2010:Interest rate swaps:

Fixed maturity securities

$
(1
)

$
1


$
Policyholder account balances (1)


5



(5
)


Foreign currency swaps:

Foreign-denominated
    policyholder account balances (2)


(117
)


99



(18
)Total

$
(113
)

$
95


$
(18
)For the Six Months Ended June 30, 2009:Interest rate swaps:

Fixed maturity securities

$
6


$
(6
)

$
Policyholder account balances (1)


(7
)


6



(1
)Foreign currency swaps:

Foreign-denominated
    policyholder account balances (2)


94



(94
)


Total

$
93


$
(94
)

$
(1
)     (1)
    
    Fixed rate liabilities(2)
    
    Fixed rate or floating rate liabilities    Cash
    Flow Hedges
   46




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Other comprehensive income (loss), balance at beginning of period

$
4


$
17


$
(1
)

$
20Gains (losses) deferred in other comprehensive income (loss) on
    the effective portion of cash flow hedges


17



(3
)


20



(46
)Amounts reclassified to net investment gains (losses)


2



(2
)


4



38Other comprehensive income (loss), balance at end of period

$
23


$
12


$
23


$
12    47




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Amount and Location ofGains (Losses)Amount of Gains


Reclassified from(Losses) Deferred


Accumulated Otherin Accumulated


Comprehensive IncomeOther Comprehensive


(Loss) into IncomeIncome (Loss) on


Net InvestmentDerivatives in Cash Flow Hedging Relationships

Derivatives


Gains (Losses)(In millions)For the Three Months Ended June 30, 2010:Interest rate swaps

$
1


$
Foreign currency swaps


10



(4
)Interest rate forwards






2Credit forwards


6



Total

$
17


$
(2
)For the Three Months Ended June 30, 2009:Foreign currency swaps

$
(11
)

$
2Interest rate forwards


8



Total

$
(3
)

$
2For the Six Months Ended June 30, 2010:Interest rate swaps

$
1


$
Foreign currency swaps


10



(6
)Interest rate forwards






2Credit forwards


9



Total

$
20


$
(4
)For the Six Months Ended June 30, 2009:Foreign currency swaps

$
(54
)

$
(38
)Interest rate forwards


8



Total

$
(46
)

$
(38
)   Non-Qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
   48




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Net Investment


Net InvestmentGains (Losses)


Income (1)(In millions)For the Three Months Ended June 30, 2010:Interest rate swaps

$
45


$
Interest rate floors


54



Interest rate caps


(6
)


Interest rate futures


(23
)


Equity futures


4



Foreign currency swaps


(13
)


Foreign currency forwards


9



Equity options


66



5Interest rate options


(3
)


Variance swaps


38



Credit default swaps


1



Total

$
172


$
5For the Three Months Ended June 30, 2009:Interest rate swaps

$
(95
)

$
Interest rate floors


(58
)


Interest rate caps


17



Interest rate futures


(35
)


Equity futures


(60
)


Foreign currency swaps


72



Foreign currency forwards


(6
)


Equity options


(81
)


Interest rate forwards


2



Variance swaps


(13
)


Swap spreadlocks


4



Credit default swaps


(47
)


Total

$
(300
)

$
   49




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Net Investment


Net InvestmentGains (Losses)


Income (1)(In millions)For the Six Months Ended June 30, 2010:Interest rate swaps

$
63


$
Interest rate floors


47



Interest rate caps


(14
)


Interest rate futures


(28
)


Equity futures


(1
)


Foreign currency swaps


(57
)


Foreign currency forwards


13



Equity options


43



4Interest rate options


(3
)


Variance swaps


28



Credit default swaps


1



Total

$
92


$
4For the Six Months Ended June 30, 2009:Interest rate swaps

$
(134
)

$
Interest rate floors


(242
)


Interest rate caps


14



Interest rate futures


(34
)


Equity futures


(35
)


Foreign currency swaps


21



Foreign currency forwards


(2
)


Equity options


(49
)


Interest rate forwards


2



Variance swaps


(19
)


Swap spreadlocks






Credit default swaps


(27
)


Total

$
(505
)

$
     (1)
    
    Changes in estimated fair value related to economic hedges of
    equity method investments in joint ventures.  Credit
    Derivatives
   50




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      June 30, 2010


December 31, 2009Maximum








MaximumEstimated


Amount of





Estimated


Amount ofFair


Future


Weighted


Fair


Future


WeightedValue of


Payments under


Average


Value of


Payments under


AverageRating Agency Designation of Referenced

Credit Default


Credit Default


Years to


Credit Default


Credit Default


Years toCredit Obligations (1)

Swaps


Swaps (2)


Maturity (3)


Swaps


Swaps (2)


Maturity (3)(In millions)Aaa/Aa/ASingle name credit default swaps (corporate)

$
1


$
45



4.1


$
1


$
25



4.0Credit default swaps referencing indices


3



679



4.2



7



437



3.5Subtotal


4



724



4.2



8



462



3.5BaaSingle name credit default swaps (corporate)






5



3.5







5



4.0Credit default swaps referencing indices


(2
)


158



5.0







10



5.0Subtotal


(2
)


163



5.0







15



4.7Total

$
2


$
887



4.4


$
8


$
477



3.5     (1)
    
    The rating agency designations are based on availability and the
    midpoint of the applicable ratings among Moodys, S&P
    and Fitch. If no rating is available from a rating agency, then
    an internally developed rating is used.(2)
    
    Assumes the value of the referenced credit obligations is zero.(3)
    
    The weighted average years to maturity of the credit default
    swaps is calculated based on weighted average notional amounts.  Credit
    Risk on Freestanding Derivatives
    over-the-counter
   51




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    over-the-counter and/or
  over-the-counter
  Fair Value of Incremental CollateralProvided Upon:Downgrade in theEstimated

One Notch

Companys Credit RatingFair Value of

Downgrade

to a Level that TriggersEstimated

Collateral

in the

Full OvernightFair Value (1) of

Provided

Companys

Collateralization orDerivatives in Net

Fixed Maturity

Credit

TerminationLiability Position

Securities (2)

Rating

of the Derivative Position(In millions)At June 30, 2010

$
53


$
23


$



$
20At December 31, 2009

$
42


$



$
8


$
42     (1)
    
    After taking into consideration the existence of netting
    agreements.(2)
    
    Included in fixed maturity securities in the consolidated
    balance sheets. The counterparties are permitted by contract to
    sell or repledge this collateral. At both June 30, 2010 and
    December 31, 2009, the Company did not provide any cash
    collateral.  over-the-counter
   52




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Embedded
    Derivatives
      June 30, 2010


December 31, 2009(In millions)Net embedded derivatives within asset host contracts:Ceded guaranteed minimum benefits

$
1,870


$
724Call options in equity securities


4



(5
)Net embedded derivatives within asset host contracts

$
1,874


$
719Net embedded derivatives within liability host contracts:Direct guaranteed minimum benefits

$
1,179


$
290Other


79



(11
)Net embedded derivatives within liability host contracts

$
1,258


$
279     Three Months

Six MonthsEnded

EndedJune 30,

June 30,2010

2009

2010

2009(In millions)Net investment gains (losses) (1), (2)

$
332


$
(94
)

$
121


$
(278
)     (1)
    
    The valuation of direct guaranteed minimum benefits includes an
    adjustment for nonperformance risk. Included in net investment
    gains (losses), in connection with this adjustment, were gains
    (losses) of $125 million and $54 million, for the
    three months and six months ended June 30, 2010,
    respectively, and gains (losses) of ($539) million and
    ($310) million, for the three months and six months ended
    June 30, 2009, respectively. In addition, the valuation of
    ceded guaranteed minimum benefits includes an adjustment for
    nonperformance risk. Included in net investment gains (losses),
    in connection with this adjustment, were gains (losses) of
    ($65) million and ($21) million, for the three months
    and six months ended June 30, 2010, respectively, and gains
    (losses) of $723 million and $370 million, for the
    three months and six months ended June 30, 2009,
    respectively. The net investment gains (losses) for the three
    months and six months ended June 30, 2010 included a gain
    of $191 million relating to a refinement for estimating
    nonperformance risk in fair value measurements implemented at
    June 30, 2010. See Note 4.(2)
    
    See Note 8 for discussion of affiliated net investment
    gains (losses) included in the table above.  4.
    Fair
    Value   53




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Fair
    Value of Financial Instruments
    EstimatedNotional


Carrying


FairJune 30, 2010

Amount


Value


Value(In millions)AssetsFixed maturity securities





$
43,848


$
43,848Equity securities





$
407


$
407Trading securities





$
1,379


$
1,379Mortgage loans:Mortgage loans





$
5,004


$
5,118Mortgage loans held by consolidated securitization entities






7,107



7,107Mortgage loans, net





$
12,111


$
12,225Policy loans





$
1,190


$
1,268Real estate joint ventures (1)





$
52


$
62Other limited partnership interests (1)





$
109


$
144Short-term investments





$
1,974


$
1,974Other invested assets: (1)Derivative assets: (2)Interest rate contracts

$
14,690


$
867


$
867Foreign currency contracts


2,367



492



492Credit contracts


993



22



22Equity market contracts


1,935



204



204Total derivative assets

$
19,985


$
1,585


$
1,585Cash and cash equivalents





$
2,198


$
2,198Accrued investment income





$
501


$
501Premiums, reinsurance and other receivables (1)





$
4,666


$
4,749Separate account assets





$
49,806


$
49,806Net embedded derivatives within asset host contracts (3)





$
1,870


$
1,870LiabilitiesPolicyholder account balances (1)





$
23,483


$
24,409Payables for collateral under securities loaned and other
    transactions





$
7,660


$
7,660Long-term debt: (1)Long-term debt  affiliated





$
950


$
1,011Long-term debt of consolidated securitization entities






7,052



7,052Total long-term debt





$
8,002


$
8,063Other liabilities: (1)Derivative liabilities: (2)Interest rate contracts

$
6,708


$
305


$
305Foreign currency contracts


394



52



52Credit contracts


468



24



24Equity market contracts


7







Total derivative liabilities

$
7,577


$
381


$
381Other





$
341


$
341Separate account liabilities (1)





$
1,233


$
1,233Net embedded derivatives within liability host contracts (3)





$
1,258


$
1,258Commitments(4)Mortgage loan commitments

$
241


$



$
(1
)Commitments to fund bank credit facilities and private corporate
    bond investments

$
591


$



$
(9
)     54




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  EstimatedNotional

Carrying

FairDecember 31, 2009

Amount

Value

Value(In millions)AssetsFixed maturity securities





$
41,275


$
41,275Equity securities





$
459


$
459Trading securities





$
938


$
938Mortgage loans





$
4,748


$
4,345Policy loans





$
1,189


$
1,243Real estate joint ventures (1)





$
64


$
62Other limited partnership interests (1)





$
128


$
151Short-term investments





$
1,775


$
1,775Other invested assets: (1)Derivative assets (2)

$
16,580


$
1,470


$
1,470Cash and cash equivalents





$
2,574


$
2,574Accrued investment income





$
516


$
516Premiums, reinsurance and other receivables (1)





$
4,582


$
4,032Separate account assets





$
49,449


$
49,449Net embedded derivatives within asset host contracts (3)





$
724


$
724LiabilitiesPolicyholder account balances (1)





$
24,591


$
24,233Payables for collateral under securities loaned and other
    transactions





$
7,169


$
7,169Long-term debt





$
950


$
1,003Other liabilities: (1)Derivative liabilities (2)

$
7,255


$
347


$
347Other





$
188


$
188Separate account liabilities (1)





$
1,367


$
1,367Net embedded derivatives within liability host contracts (3)





$
279


$
279Commitments(4)Mortgage loan commitments

$
131


$



$
(5
)Commitments to fund bank credit facilities and private corporate
    bond investments

$
445


$



$
(29
)     (1)
    
    Carrying values presented herein differ from those presented in
    the consolidated balance sheets because certain items within the
    respective financial statement caption are not considered
    financial instruments. Financial statement captions excluded
    from the table above are not considered financial instruments.(2)
    
    Derivative assets are presented within other invested assets and
    derivative liabilities are presented within other liabilities.(3)
    
    Net embedded derivatives within asset host contracts are
    presented within premiums, reinsurance and other receivables.
    Net embedded derivatives within liability host contracts are
    presented within policyholder account balances and other
    liabilities. At June 30, 2010 and December 31, 2009,
    equity securities also included embedded derivatives of
    $4 million and ($5) million, respectively. 55




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (4)
    
    Commitments are off-balance sheet obligations. Negative
    estimated fair values represent off-balance sheet liabilities.    Fixed Maturity Securities, Equity Securities and Trading
    Securities
          Mortgage Loans
  Mortgage Loans.
  Mortgage Loans Held by Consolidated Securitization
    Entities.
 56




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Policy Loans
  Real Estate Joint Ventures and Other Limited Partnership
    Interests
    Short-term Investments
  Other Invested Assets
    Cash and Cash Equivalents
  Accrued Investment Income
 57




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Premiums, Reinsurance and Other Receivables
        Separate Account Assets
  Policyholder Account Balances
   58




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Payables for Collateral Under Securities Loaned and Other
    Transactions
  Affiliated Long-term Debt
  Long-term Debt Obligations of Consolidated Securitization
    Entities
  Other Liabilities
      Separate Account Liabilities
     59




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Derivatives over-the-counter
  over-the-counter over-the-counter
  over-the-counter
  over-the-counter
  Embedded Derivatives within Asset and Liability Host
    Contracts
     60




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
               61




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Mortgage Loan Commitments and Commitments to Fund Bank
    Credit Facilities and Private Corporate Bond Investments
 62




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Assets
    and Liabilities Measured at Fair Value
  Recurring
    Fair Value Measurements
    June 30, 2010Fair Value Measurements at Reporting Date UsingQuoted Prices inActive Markets for





Significant


TotalIdentical Assets


Significant Other


Unobservable


Estimatedand Liabilities


Observable Inputs


Inputs


Fair(Level 1)


(Level 2)


(Level 3)


Value(In millions)AssetsFixed maturity securities:U.S. corporate securities

$



$
14,054


$
1,609


$
15,663U.S. Treasury and agency securities


5,367



2,861



34



8,262Foreign corporate securities






6,800



856



7,656RMBS






5,343



67



5,410CMBS






2,440



100



2,540ABS






1,475



565



2,040State and political subdivision securities






1,451



39



1,490Foreign government securities






780



7



787Total fixed maturity securities


5,367



35,204



3,277



43,848Equity securities:Non-redeemable preferred stock






51



189



240Common stock


53



70



44



167Total equity securities


53



121



233



407Trading securities


1,373



6







1,379Short-term investments (1)


549



1,409



13



1,971Mortgage loans held by consolidated securitization entities






7,107







7,107Derivative assets: (2)Interest rate contracts






857



10



867Foreign currency contracts






484



8



492Credit contracts






7



15



22Equity market contracts


1



157



46



204Total derivative assets


1



1,505



79



1,585Net embedded derivatives within asset host contracts (3)










1,870



1,870Separate account assets (4)


77



49,589



140



49,806Total assets

$
7,420


$
94,941


$
5,612


$
107,973LiabilitiesDerivative liabilities: (2)Interest rate contracts

$



$
304


$
1


$
305Foreign currency contracts






52







52Credit contracts






19



5



24Equity market contracts














Total derivative liabilities






375



6



381Net embedded derivatives within liability host contracts (3)










1,258



1,258Long-term debt of consolidated securitization entities






7,052







7,052Total liabilities

$



$
7,427


$
1,264


$
8,691   63




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2009Fair Value Measurements at Reporting Date UsingQuoted Prices inActive Markets for





Significant


TotalIdentical Assets


Significant Other


Unobservable


Estimatedand Liabilities


Observable Inputs


Inputs


Fair(Level 1)


(Level 2)


(Level 3)


Value(In millions)AssetsFixed maturity securities:U.S. corporate securities

$



$
13,793


$
1,605


$
15,398U.S. Treasury and agency securities


3,972



2,252



33



6,257Foreign corporate securities






6,344



994



7,338RMBS






5,827



25



5,852CMBS






2,572



45



2,617ABS






1,452



537



1,989State and political subdivision securities






1,147



32



1,179Foreign government securities






629



16



645Total fixed maturity securities


3,972



34,016



3,287



41,275Equity securities:Non-redeemable preferred stock






48



258



306Common stock


72



70



11



153Total equity securities


72



118



269



459Trading securities


931



7







938Short-term investments (1)


1,057



703



8



1,768Derivative assets (2)


3



1,410



57



1,470Net embedded derivatives within asset host contracts (3)










724



724Separate account assets (4)


69



49,227



153



49,449Total assets

$
6,104


$
85,481


$
4,498


$
96,083LiabilitiesDerivative liabilities (2)

$
1


$
336


$
10


$
347Net embedded derivatives within liability host contracts (3)










279



279Total liabilities

$
1


$
336


$
289


$
626     (1)
    
    Short-term investments as presented in the tables above differ
    from the amounts presented in the consolidated balance sheets
    because certain short-term investments are not measured at
    estimated fair value (e.g. time deposits, etc.).(2)
    
    Derivative assets are presented within other invested assets and
    derivative liabilities are presented within other liabilities.
    The amounts are presented gross in the tables above to reflect
    the presentation in the consolidated balance sheets, but are
    presented net for purposes of the rollforward in the following
    tables. 64




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (3)
    
    Net embedded derivatives within asset host contracts are
    presented within premiums, reinsurance and other receivables.
    Net embedded derivatives within liability host contracts are
    presented within policyholder account balances and other
    liabilities. At June 30, 2010 and December 31, 2009,
    equity securities also included embedded derivatives of
    $4 million and ($5) million, respectively.(4)
    
    Separate account assets are measured at estimated fair value.
    Investment performance related to separate account assets is
    fully offset by corresponding amounts credited to
    contractholders whose liability is reflected within separate
    account liabilities. Separate account liabilities are set equal
    to the estimated fair value of separate account assets.    Level 1
    This category includes most U.S. Treasury and agency fixed
    maturity securities; exchange-traded common stock; trading
    securities and certain short-term money market securities. As it
    relates to derivatives, this level includes exchange-traded
    equity and interest rate futures. Separate account assets
    classified within this level are similar in nature to those
    classified in this level for the general account.Level 2
    This category includes fixed maturity and equity securities
    priced principally by independent pricing services using
    observable inputs. Fixed maturity securities classified as
    Level 2 include certain U.S. Treasury and agency
    securities, as well as the majority of U.S. and foreign
    corporate securities, RMBS, CMBS, state and political
    subdivision securities, foreign government securities, and ABS.
    Equity securities classified as Level 2 securities consist
    principally of common stock and non-redeemable preferred stock
    where market quotes are available but are not considered
    actively traded. Short-term investments and trading securities
    included within Level 2 are of a similar nature to these
    fixed maturity and equity securities. Mortgage loans included in
    Level 2 include mortgage loans held by consolidated
    securitization entities. Mortgage loans held by consolidated
    securitization entities are priced using the securitization
    market price of the obligations of the consolidated
    securitization entities, which are priced principally by
    independent pricing services using observable inputs. As it
    relates to derivatives, this level includes all types of
    derivative instruments utilized by the Company with the
    exception of exchange-traded futures included within
    Level 1 and those derivative instruments with unobservable
    inputs as described in Level 3. Separate account assets
    classified within this level are generally similar to those
    classified within this level for the general account, with the
    exception of certain mutual funds without readily determinable
    fair values given prices are not published publicly. Long-term
    debt of consolidated securitization entities included in this
    level includes obligations priced principally by independent
    pricing services using observable inputs.Level 3
    This category includes fixed maturity securities priced
    principally through independent broker quotations or market
    standard valuation methodologies using inputs that are not
    market observable or cannot be derived principally from or
    corroborated by observable market data. This level primarily
    consists of less liquid fixed maturity securities with very
    limited trading activity or where less price transparency exists
    around the inputs to the valuation methodologies including:
    U.S. and foreign corporate securities  including
    below investment grade private placements; CMBS; and
    ABS  including all of those supported by
    sub-prime
    mortgage loans. Equity securities classified as Level 3
    securities consist principally of non-redeemable preferred stock
    and common stock of companies that are privately held or of
    companies for which there has been very limited trading activity
    or where less price transparency exists around the inputs to the
    valuation. Short-term investments included within Level 3
    are of a similar nature to these fixed maturity securities. As
    it relates to derivatives this category includes: swap
    spreadlocks with maturities which extend beyond 65




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  and/or
  Valuation
    Techniques and Inputs by Level Within the
    Three-Level Fair Value Hierarchy by Major Classes of Assets
    and Liabilities
        Level 1
    Measurements:
  Fixed maturity securities 
  Equity securities  common stock 
  Trading securities 
  Short-term investments 
  Derivative assets and derivative liabilities 
 66




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Separate account assets 
  Level 2
    Measurements:
  U.S. corporate and foreign corporate fixed maturity
    securities 
  Structured securities comprised of RMBS, CMBS and ABS fixed
    maturity securities 
  U.S. Treasury and agency fixed maturity
    securities 
  Foreign government and state and political subdivision fixed
    maturity securities  sub-sector
  Equity securities  common and non-redeemable
    preferred stock 
  Trading securities and short-term investments 
  Mortgage loans of consolidated securitization
    entities 
  Non-option based interest rate derivative assets and
    derivative liabilities 
 67




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Option based interest rate derivative assets and derivative
    liabilities 
  Non-option based foreign currency derivative assets and
    derivative liabilities 
  Non-option based credit derivative assets and derivative
    liabilities 
  Non-option based equity market derivative assets and
    derivative liabilities 
  Option based equity market derivative assets and derivative
    liabilities 
  Separate account assets 
  Long-term debt obligations of consolidated securitization
    entities
  Level 3
    Measurements:
    U.S. corporate and foreign corporate
    securities 
  Structured securities comprised of RMBS, CMBS and ABS fixed
    maturity securities 
 68




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  sub-prime
  Foreign government and state and political subdivision fixed
    maturity securities 
  Equity securities  common and non-redeemable
    preferred stock 
  Non-option based interest rate derivative assets and
    derivative liabilities 
  Option based interest rate derivative assets and derivative
    liabilities 
  Non-option based foreign currency derivative assets and
    derivative liabilities 
  Non-option based credit derivative assets and derivative
    liabilities 
 69




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Non-option based equity market derivative assets and
    derivative liabilities 
  Option based equity market derivative assets and derivative
    liabilities 
  Guaranteed minimum benefit guarantees 
  Reinsurance ceded on certain guaranteed minimum benefit
    guarantees 
  Embedded derivatives within funds withheld related to certain
    ceded reinsurance 
  Separate account assets 
 70




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3)Total Realized/UnrealizedGains (Losses) included in:


Purchases,Balance,





Other


Sales,Beginning of





Comprehensive


Issuances and


Transfer Into


Transfer Out


Balance,Period


Earnings (1), (2)


Income (Loss)


Settlements (3)


Level 3 (4)


of Level 3 (4)


End of Period(In millions)For the Three Months Ended June 30, 2010:Fixed maturity securities:U.S. corporate securities

$
1,510


$
2


$
28


$
38


$
54


$
(23
)

$
1,609U.S. Treasury and agency securities


32







2















34Foreign corporate securities


953



4



(29
)


(100
)


66



(38
)


856RMBS


28







1



17



21







67CMBS


48



1



7



(5
)


73



(24
)


100ABS


521



(1
)


14



27



10



(6
)


565State and political subdivision securities


48







1



(2
)






(8
)


39Foreign government securities


7























7Total fixed maturity securities

$
3,147


$
6


$
24


$
(25
)

$
224


$
(99
)

$
3,277Equity securities:Non-redeemable preferred stock

$
242


$
14


$
(12
)

$
(55
)

$



$



$
189Common stock


34



4



(6
)


12











44Total equity securities

$
276


$
18


$
(18
)

$
(43
)

$



$



$
233Short-term investments

$
1


$



$



$
12


$



$



$
13Net derivatives: (5)Interest rate contracts

$
6


$
5


$



$
(2
)

$



$



$
9Foreign currency contracts


18



(10
)


















8Credit contracts


7



(4
)


7















10Equity market contracts


7



39



















46Total net derivatives

$
38


$
30


$
7


$
(2
)

$



$



$
73Separate account assets (6)

$
146


$
(3
)

$



$
(3
)

$



$



$
140Net embedded derivatives (7)

$
258


$
333


$



$
21


$



$



$
612   71




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3)Total Realized/UnrealizedGains (Losses) included in:


Purchases,Balance,





Other


Sales,


Transfer InBeginning of





Comprehensive


Issuances and


and/or Out


Balance,Period


Earnings (1), (2)


Income (Loss)


Settlements (3)


of Level 3 (4)


End of Period(In millions)For the Three Months Ended
    June 30, 2009:Fixed maturity securities:U.S. corporate securities

$
1,537


$
1


$
86


$
16


$
(89
)

$
1,551U.S. Treasury and agency securities


33



















33Foreign corporate securities


759



(23
)


221



(16
)


(18
)


923RMBS


48







1







(34
)


15CMBS


99



(12
)


19



(1
)






105ABS


473



2



35



(20
)


(4
)


486State and political subdivision securities


27







5











32Foreign government securities


15



5















20Total fixed maturity securities

$
2,991


$
(27
)

$
367


$
(21
)

$
(145
)

$
3,165Equity securities:Non-redeemable preferred stock

$
216


$
(16
)

$
70


$
(16
)

$



$
254Common stock


8











(1
)






7Total equity securities

$
224


$
(16
)

$
70


$
(17
)

$



$
261Trading securities

$



$



$



$



$



$
Short-term investments

$
1


$



$



$
1


$



$
2Net derivatives (5)

$
328


$
(87
)

$



$
16


$
16


$
273Separate account assets (6)

$
142


$
5


$



$



$



$
147Net embedded derivatives (7)

$
484


$
(75
)

$



$
15


$



$
424  72




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3)Total Realized/UnrealizedGains (Losses) included in:


Purchases,Balance,





Other


Sales,Beginning of





Comprehensive


Issuances and


Transfer Into


Transfer Out


Balance,Period


Earnings (1), (2)


Income (Loss)


Settlements (3)


Level 3 (4)


of Level 3 (4)


End of Period(In millions)For the Six Months
    Ended June 30, 2010:Fixed maturity securities:U.S. corporate securities

$
1,605


$
5


$
67


$
(62
)

$
76


$
(82
)

$
1,609U.S. Treasury and agency securities


33







3



(2
)










34Foreign corporate securities


994



(2
)


15



(158
)


77



(70
)


856RMBS


25







3



17



22







67CMBS


45







10







72



(27
)


100ABS


537







25



45



9



(51
)


565State and political subdivision securities


32







7















39Foreign government securities


16



















(9
)


7Total fixed maturity securities

$
3,287


$
3


$
130


$
(160
)

$
256


$
(239
)

$
3,277Equity securities:Non-redeemable preferred stock

$
258


$
14


$
(6
)

$
(77
)

$



$



$
189Common stock


11



4



1



30







(2
)


44Total equity securities

$
269


$
18


$
(5
)

$
(47
)

$



$
(2
)

$
233Short-term investments

$
8


$



$



$
5


$



$



$
13Net derivatives: (5)Interest rate contracts

$
2


$
9


$



$
(2
)

$



$



$
9Foreign currency contracts


23



(15
)


















8Credit contracts


4



(4
)


9



1











10Equity market contracts


18



28



















46Total net derivatives

$
47


$
18


$
9


$
(1
)

$



$



$
73Separate account assets (6)

$
153


$
(3
)

$



$
(6
)

$



$
(4
)

$
140Net embedded derivatives (7)

$
445


$
123


$



$
44


$



$



$
612   73




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3)Total Realized/UnrealizedGains (Losses) included in:


Purchases,Balance,





Other


Sales,


Transfer InBeginning of





Comprehensive


Issuances and


and/or Out


Balance,Period


Earnings (1), (2)


Income (Loss)


Settlements (3)


of Level 3 (4)


End of Period(In millions)For the Six Months Ended
    June 30, 2009:Fixed maturity securities:U.S. corporate securities

$
1,401


$
(24
)

$
(57
)

$
(10
)

$
241


$
1,551U.S. Treasury and agency securities


36







(2
)


(1
)






33Foreign corporate securities


926



(66
)


194



(45
)


(86
)


923RMBS


62



(4
)


4



(17
)


(30
)


15CMBS


116



(12
)


16



(15
)






105ABS


558



(20
)


(2
)


(65
)


15



486State and political subdivision securities


24







5



3







32Foreign government securities


10











4



6



20Total fixed maturity securities

$
3,133


$
(126
)

$
158


$
(146
)

$
146


$
3,165Equity securities:Non-redeemable preferred stock

$
318


$
(68
)

$
20


$
(16
)

$



$
254Common stock


8











(1
)






7Total equity securities

$
326


$
(68
)

$
20


$
(17
)

$



$
261Trading securities

$
50


$



$



$
(50
)

$



$
Short-term investments

$



$



$



$
2


$



$
2Net derivatives (5)

$
309


$
(72
)

$



$
18


$
18


$
273Separate account assets (6)

$
159


$
(10
)

$



$
(2
)

$



$
147Net embedded derivatives (7)

$
657


$
(292
)

$



$
59


$



$
424     (1)
    
    Amortization of premium/discount is included within net
    investment income which is reported within the earnings caption
    of total gains (losses). Impairments charged to earnings are
    included within net investment gains (losses) which are reported
    within the earnings caption of total gains (losses). Lapses
    associated with embedded derivatives are included with the
    earnings caption of total gains (losses).(2)
    
    Interest and dividend accruals, as well as cash interest coupons
    and dividends received, are excluded from the rollforward.(3)
    
    The amount reported within purchases, sales, issuances and
    settlements is the purchase/issuance price (for purchases and
    issuances) and the sales/settlement proceeds (for sales and
    settlements) based upon the actual date purchased/issued or
    sold/settled. Items purchased/issued and sold/settled in the
    same period are excluded from the rollforward. For embedded
    derivatives, attributed fees are included within this caption
    along with settlements, if any. 74




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (4)
    
    Total gains and losses (in earnings and other comprehensive
    income (loss)) are calculated assuming transfers in and/or out
    of Level 3 occurred at the beginning of the period. Items
    transferred in and out in the same period are excluded from the
    rollforward.(5)
    
    Freestanding derivative assets and liabilities are presented net
    for purposes of the rollforward.(6)
    
    Investment performance related to separate account assets is
    fully offset by corresponding amounts credited to
    contractholders whose liability is reflected within separate
    account liabilities.(7)
    
    Embedded derivative assets and liabilities are presented net for
    purposes of the rollforward.  Transfers between Levels 1 and 2 
  Transfers in or out of Level 3  and/or and/or and/or
     75




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Total Gains and LossesClassification of Realized/UnrealizedGains (Losses) included in EarningsNet


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Three Months Ended June 30, 2010:Fixed maturity securities:U.S. corporate securities

$
2


$



$
2Foreign corporate securities


(1
)


5



4CMBS






1



1ABS






(1
)


(1
)Foreign government securities










Total fixed maturity securities

$
1


$
5


$
6Equity securities:Non-redeemable preferred stock

$



$
14


$
14Common stock






4



4Total equity securities

$



$
18


$
18Net derivatives:Interest rate contracts

$



$
5


$
5Foreign currency contracts






(10
)


(10
)Credit contracts






(4
)


(4
)Equity market contracts






39



39Total net derivatives

$



$
30


$
30Net embedded derivatives

$



$
333


$
333   76




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Total Gains and LossesClassification of Realized/UnrealizedGains (Losses) included in EarningsNet


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Three Months Ended June 30, 2009:Fixed maturity securities:U.S. corporate securities

$
1


$



$
1Foreign corporate securities






(23
)


(23
)CMBS






(12
)


(12
)ABS






2



2Foreign government securities






5



5Total fixed maturity securities

$
1


$
(28
)

$
(27
)Equity securities:Non-redeemable preferred stock

$



$
(16
)

$
(16
)Common stock










Total equity securities

$



$
(16
)

$
(16
)Net derivatives

$



$
(87
)

$
(87
)Net embedded derivatives

$



$
(75
)

$
(75
)  77




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Total Gains and LossesClassification of Realized/UnrealizedGains (Losses) included in EarningsNet


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Six Months Ended June 30, 2010:Fixed maturity securities:U.S. corporate securities

$
4


$
1


$
5Foreign corporate securities


(1
)


(1
)


(2
)RMBS










CMBS










ABS










Total fixed maturity securities

$
3


$



$
3Equity securities:Non-redeemable preferred stock

$



$
14


$
14Common stock






4



4Total equity securities

$



$
18


$
18Net derivatives:Interest rate contracts

$



$
9


$
9Foreign currency contracts






(15
)


(15
)Credit contracts






(4
)


(4
)Equity market contracts






28



28Total net derivatives

$



$
18


$
18Net embedded derivatives

$



$
123


$
123   78




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Total Gains and LossesClassification of Realized/UnrealizedGains (Losses) included in EarningsNet


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Six Months Ended June 30, 2009:Fixed maturity securities:U.S. corporate securities

$
3


$
(27
)

$
(24
)Foreign corporate securities


(1
)


(65
)


(66
)RMBS






(4
)


(4
)CMBS


1



(13
)


(12
)ABS






(20
)


(20
)Foreign government securities










Total fixed maturity securities

$
3


$
(129
)

$
(126
)Equity securities:Non-redeemable preferred stock

$



$
(68
)

$
(68
)Total equity securities

$



$
(68
)

$
(68
)Net derivatives

$



$
(72
)

$
(72
)Net embedded derivatives

$



$
(292
)

$
(292
)  79




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Changes in Unrealized Gains (Losses)Relating to Assets and Liabilities Held atJune 30, 2010Net


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Three Months Ended June 30, 2010:Fixed maturity securities:U.S. corporate securities

$
2


$
(1
)

$
1Foreign corporate securities










CMBS






1



1ABS






(1
)


(1
)Foreign government securities










Total fixed maturity securities

$
2


$
(1
)

$
1Equity securities:Non-redeemable preferred stock

$



$



$
Total equity securities

$



$



$
Net derivatives:Interest rate contracts

$



$
6


$
6Foreign currency contracts






(10
)


(10
)Credit contracts






(5
)


(5
)Equity market contracts






38



38Total net derivatives

$



$
29


$
29Net embedded derivatives

$



$
332


$
332   80




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Changes in Unrealized Gains (Losses)Relating to Assets and Liabilities Held atJune 30, 2009Net


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Three Months Ended June 30, 2009:Fixed maturity securities:U.S. corporate securities

$
1


$
(6
)

$
(5
)Foreign corporate securities






(19
)


(19
)CMBS






(25
)


(25
)ABS






(15
)


(15
)Foreign government securities






5



5Total fixed maturity securities

$
1


$
(60
)

$
(59
)Equity securities:Non-redeemable preferred stock

$



$



$
Total equity securities

$



$



$
Net derivatives

$



$
(91
)

$
(91
)Net embedded derivatives

$



$
(75
)

$
(75
)  81




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Changes in Unrealized Gains (Losses)Relating to Assets and Liabilities Held atJune 30, 2010Net


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Six Months Ended June 30, 2010:Fixed maturity securities:U.S. corporate securities

$
3


$
(4
)

$
(1
)Foreign corporate securities


(1
)






(1
)CMBS










ABS






(1
)


(1
)Total fixed maturity securities

$
2


$
(5
)

$
(3
)Equity securities:Non-redeemable preferred stock

$



$



$
Total equity securities

$



$



$
Net derivatives:Interest rate contracts

$



$
9


$
9Foreign currency contracts






(15
)


(15
)Credit contracts






(4
)


(4
)Equity market contracts






28



28Total net derivatives

$



$
18


$
18Net embedded derivatives

$



$
123


$
123   82




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Changes in Unrealized Gains (Losses)Relating to Assets and Liabilities Held atJune 30, 2009Net


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)For the Six Months Ended June 30, 2009:Fixed maturity securities:U.S. corporate securities

$
2


$
(25
)

$
(23
)Foreign corporate securities


(1
)


(63
)


(64
)CMBS


1



(26
)


(25
)ABS






(36
)


(36
)Total fixed maturity securities

$
2


$
(150
)

$
(148
)Equity securities:Non-redeemable preferred stock

$



$
(19
)

$
(19
)Total equity securities

$



$
(19
)

$
(19
)Net derivatives

$



$
(73
)

$
(73
)Net embedded derivatives

$



$
(296
)

$
(296
)   Fair
    Value Option  Consolidated Securitization
    Entities
    June 30, 2010(In millions)Unpaid principal balance

$
7,009Excess of estimated fair value over unpaid principal balance


98Carrying value at estimated fair value

$
7,107     June 30, 2010(In millions)Contractual principal balance

$
6,907Excess of estimated fair value over contractual principal balance


145Carrying value at estimated fair value

$
7,052    83




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Non-Recurring
    Fair Value Measurements
    Three Months Ended June 30,2010

2009Estimated





EstimatedCarrying

Fair



Carrying

FairValue Prior to

Value After

Gains

Value Prior to

Value After

GainsImpairment

Impairment

(Losses)

Impairment

Impairment

(Losses)(In millions)Mortgage loans (1)

$
23


$
23


$



$



$



$
Other limited partnership interests (2)

$
24


$
17


$
(7
)

$
36


$
20


$
(16
)Real estate joint ventures (3)

$
7


$
3


$
(4
)

$
93


$
49


$
(44
)   Six Months Ended June 30,2010

2009Estimated





EstimatedCarrying

Fair



Carrying

FairValue Prior to

Value After

Gains

Value Prior to

Value After

GainsImpairment

Impairment

(Losses)

Impairment

Impairment

(Losses)(In millions)Mortgage loans (1)

$
31


$
23


$
(8
)

$



$



$
Other limited partnership interests (2)

$
24


$
17


$
(7
)

$
102


$
38


$
(64
)Real estate joint ventures (3)

$
25


$
5


$
(20
)

$
93


$
49


$
(44
)     (1)
    
    Mortgage Loans The impaired mortgage loans
    presented above were written down to their estimated fair values
    at the date the impairments were recognized. Estimated fair
    values for impaired mortgage loans are based on observable
    market prices or, if the loans are in foreclosure or are
    otherwise determined to be collateral dependent, on the
    estimated fair value of the underlying collateral, or the
    present value of the expected future cash flows. Impairments to
    estimated fair value and decreases in previous impairments from
    subsequent improvements in estimated fair value represent
    non-recurring fair value measurements that have been categorized
    as Level 3 due to the lack of price transparency inherent
    in the limited markets for such mortgage loans.(2)
    
    Other Limited Partnership Interests The
    impaired investments presented above were accounted for using
    the cost basis. Impairments on these cost basis investments were
    recognized at estimated fair value determined from information
    provided in the financial statements of the underlying entities
    in the period in which the impairment was incurred. These
    impairments to estimated fair value represent non-recurring fair
    value measurements that have been classified as Level 3 due
    to the limited activity and price transparency inherent in the
    market for such investments. This category includes several
    private equity and debt funds that typically invest primarily in
    a diversified pool of investments across certain investment
    strategies including domestic and international leveraged buyout
    funds; power, energy, timber and infrastructure development
    funds; venture capital funds; below investment grade debt and
    mezzanine debt funds. The estimated fair values of these
    investments have been determined using the NAV of the
    Companys ownership interest in the partners capital.
    Distributions from these investments will be generated from
    investment gains, from operating income from the underlying
    investments of the funds, and from liquidation of the underlying
    assets of the funds. It is estimated that the underlying assets
    of the funds will be liquidated over the next 2 to
    10 years. Unfunded commitments for these investments were
    $19 million at June 30, 2010. 84




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (3)
    
    Real Estate Joint Ventures The impaired
    investments presented above were accounted for using the cost
    basis. Impairments on these cost basis investments were
    recognized at estimated fair value determined from information
    provided in the financial statements of the underlying entities
    in the period in which the impairment was incurred. These
    impairments to estimated fair value represent non-recurring fair
    value measurements that have been classified as Level 3 due
    to the limited activity and price transparency inherent in the
    market for such investments. This category includes several real
    estate funds that typically invest primarily in commercial real
    estate. The estimated fair values of these investments have been
    determined using the NAV of the Companys ownership
    interest in the partners capital. Distributions from these
    investments will be generated from investment gains, from
    operating income from the underlying investments of the funds,
    and from liquidation of the underlying assets of the funds. It
    is estimated that the underlying assets of the funds will be
    liquidated over the next 2 to 10 years. Unfunded
    commitments for these investments were $8 million at
    June 30, 2010.  5.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
       85




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Retained Asset Account Matters.
    Travelers Ins. Co., et al. v. Banc of America Securities
    LLC (S.D.N.Y., filed December 13, 2001).
      and/or and/or
 86




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Commitments
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities and Private Corporate Bond
    Investments
    Other
    Commitments
    Guarantees
   87




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  6.
    Other
    Expenses    Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Compensation

$
47


$
39


$
91


$
70Commissions


242



229



461



429Interest and debt issue costs


119



17



244



37Affiliated interest costs on ceded reinsurance


47



34



80



43Capitalization of DAC


(268
)


(251
)


(498
)


(478
)Amortization of DAC and VOBA


460



(48
)


524



28Rent






1



1



2Insurance tax


12



8



22



18Other


180



149



333



287Total other expenses

$
839


$
178


$
1,258


$
436   Interest
    and Debt Issue Costs
    Affiliated
    Expenses
    7.
    Business
    Segment Information      start-up
   88




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
              89




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Operating EarningsCorporateRetirement


Benefit


Insurance


Corporate








TotalThree Months Ended June 30, 2010

Products


Funding


Products


& Other


Total


Adjustments


Consolidated(In millions)RevenuesPremiums

$
90


$
126


$
38


$
2


$
256


$



$
256Universal life and investment-type product policy fees


258



7



136



2



403



4



407Net investment income


237



279



118







634



91



725Other revenues


79



1



23







103







103Net investment gains (losses)






















613



613Total revenues


664



413



315



4



1,396



708



2,104ExpensesPolicyholder benefits and claims


146



256



89



(1
)


490



14



504Interest credited to policyholder account balances


182



48



59



(21
)


268



(11
)


257Capitalization of DAC


(146
)


(1
)


(107
)


(14
)


(268
)






(268
)Amortization of DAC and VOBA


160



1



68



1



230



230



460Interest expense














18



18



101



119Other expenses


260



8



226



34



528







528Total expenses


602



312



335



17



1,266



334



1,600Provision for income tax expense (benefit)


22



34



(6
)


(20
)


30



132



162Operating earnings

$
40


$
67


$
(14
)

$
7



100Adjustments to:Total revenues


708Total expenses


(334
)Provision for income tax (expense) benefit


(132
)Net income

$
342






$
342   90




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Operating EarningsCorporateRetirement


Benefit


Insurance


Corporate








TotalThree Months Ended June 30, 2009

Products


Funding


Products


& Other


Total


Adjustments


Consolidated(In millions)RevenuesPremiums

$
73


$
398


$
29


$



$
500


$



$
500Universal life and investment-type product policy fees


170



15



119



3



307



(8
)


299Net investment income


234



281



104



10



629



(8
)


621Other revenues


65



1



240







306







306Net investment gains (losses)






















(728
)


(728
)Total revenues


542



695



492



13



1,742



(744
)


998ExpensesPolicyholder benefits and claims


53



540



58







651



23



674Interest credited to policyholder account balances


181



66



59



13



319



(9
)


310Capitalization of DAC


(154
)


(1
)


(87
)


(9
)


(251
)






(251
)Amortization of DAC and VOBA


29



1



27







57



(105
)


(48
)Interest expense














17



17







17Other expenses


254



9



172



23



458



2



460Total expenses


363



615



229



44



1,251



(89
)


1,162Provision for income tax expense (benefit)


63



29



92



(22
)


162



(230
)


(68
)Operating earnings

$
116


$
51


$
171


$
(9
)


329Adjustments to:Total revenues


(744
)Total expenses


89Provision for income tax (expense) benefit


230Net loss

$
(96
)





$
(96
)   91




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Operating EarningsCorporateRetirement


Benefit


Insurance


Corporate








TotalSix Months Ended June 30, 2010

Products


Funding


Products


& Other


Total


Adjustments


Consolidated(In millions)RevenuesPremiums

$
148


$
497


$
66


$



$
711


$



$
711Universal life and investment-type product policy fees


485



15



266



7



773



3



776Net investment income


466



548



232



83



1,329



186



1,515Other revenues


155



2



56







213







213Net investment gains (losses)






















342



342Total revenues


1,254



1,062



620



90



3,026



531



3,557ExpensesPolicyholder benefits and claims


241



755



173







1,169



29



1,198Interest credited to policyholder account balances


364



93



117



24



598



(25
)


573Capitalization of DAC


(266
)


(2
)


(205
)


(25
)


(498
)






(498
)Amortization of DAC and VOBA


253



1



139



2



395



129



524Interest expense














35



35



204



239Other expenses


479



17



434



63



993







993Total expenses


1,071



864



658



99



2,692



337



3,029Provision for income tax expense (benefit)


64



68



(13
)


(34
)


85



69



154Operating earnings

$
119


$
130


$
(25
)

$
25



249Adjustments to:Total revenues


531Total expenses


(337
)Provision for income tax (expense) benefit


(69
)Net income

$
374






$
374   92




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Operating EarningsCorporateRetirement


Benefit


Insurance


Corporate








TotalSix Months Ended June 30, 2009

Products


Funding


Products


& Other


Total


Adjustments


Consolidated(In millions)RevenuesPremiums

$
149


$
481


$
54


$



$
684


$



$
684Universal life and investment-type product policy fees


320



20



251



4



595



(12
)


583Net investment income


426



523



162



(30
)


1,081



(20
)


1,061Other revenues


121



3



251







375







375Net investment gains (losses)






















(1,328
)


(1,328
)Total revenues


1,016



1,027



718



(26
)


2,735



(1,360
)


1,375ExpensesPolicyholder benefits and claims


200



747



127







1,074



27



1,101Interest credited to policyholder account balances


364



142



116



6



628



(18
)


610Capitalization of DAC


(298
)


(1
)


(165
)


(14
)


(478
)






(478
)Amortization of DAC and VOBA


186



2



88



1



277



(249
)


28Interest expense






2







35



37







37Other expenses


478



17



316



38



849







849Total expenses


930



909



482



66



2,387



(240
)


2,147Provision for income tax expense (benefit)


30



41



82



(55
)


98



(392
)


(294
)Operating earnings

$
56


$
77


$
154


$
(37
)


250Adjustments to:Total revenues


(1,360
)Total expenses


240Provision for income tax (expense) benefit


392Net loss

$
(478
)





$
(478
)     June 30, 2010


December 31, 2009(In millions)Retirement Products

$
76,373


$
73,840Corporate Benefit Funding


28,075



28,046Insurance Products


14,863



13,647Corporate & Other


20,730



12,156Total

$
140,041


$
127,689    93




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      8.
    Related
    Party Transactions  Service
    Agreements
      Reinsurance
    Transactions
   94




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Three Months


Six MonthsEnded


EndedJune 30,


June 30,2010


2009


2010


2009(In millions)Premiums:Reinsurance assumed

$
3


$
4


$
7


$
9Reinsurance ceded


(52
)


(40
)


(111
)


(79
)Net premiums

$
(49
)

$
(36
)

$
(104
)

$
(70
)Universal life and investment-type product policy fees:Reinsurance assumed

$
19


$
(1
)

$
30


$
21Reinsurance ceded


(72
)


(53
)


(133
)


(86
)Net universal life and investment-type product policy fees

$
(53
)

$
(54
)

$
(103
)

$
(65
)Other revenues:Reinsurance assumed

$



$



$



$
Reinsurance ceded


65



279



139



323Net other revenues

$
65


$
279


$
139


$
323Policyholder benefits and claims:Reinsurance assumed

$
5


$



$
6


$
13Reinsurance ceded


(89
)


(6
)


(173
)


(121
)Net policyholder benefits and claims

$
(84
)

$
(6
)

$
(167
)

$
(108
)Interest credited to policyholder account balances:Reinsurance assumed

$
16


$
15


$
31


$
30Reinsurance ceded


(12
)


(8
)


(24
)


(16
)Net interest credited to policyholder account balances

$
4


$
7


$
7


$
14Other expenses:Reinsurance assumed

$
13


$
10


$
25


$
21Reinsurance ceded


36



25



60



28Net other expenses

$
49


$
35


$
85


$
49  95




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    June 30, 2010


December 31, 2009Assumed


Ceded


Assumed


Ceded(In millions)Assets:Premiums, reinsurance and other receivables

$
29


$
9,550


$
30


$
7,157Deferred policy acquisition costs and value of business acquired


218



(394
)


230



(399
)Total assets

$
247


$
9,156


$
260


$
6,758Liabilities:Future policy benefits

$
28


$



$
27


$
Other policyholder funds


1,438



373



1,393



284Other liabilities


11



2,355



9



1,150Total liabilities

$
1,477


$
2,728


$
1,429


$
1,434        96




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   97




---



##### Table of Contents



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-Q. Form 10-K
              Business
   98




---



##### Table of Contents



Summary
    of Critical Accounting Estimates
    (i)
    the estimated fair value of investments in the absence of quoted
    market values;(ii)
    investment impairments;(iii)
    the recognition of income on certain investment entities and the
    application of the consolidation rules to certain investments;(iv)
    the estimated fair value of and accounting for freestanding
    derivatives and the existence and estimated fair value of
    embedded derivatives requiring bifurcation;(v)
    the capitalization and amortization of DAC and the establishment
    and amortization of VOBA;(vi)
    the measurement of goodwill and related impairment, if any;(vii)
    the liability for future policyholder benefits and the
    accounting for reinsurance contracts;(viii)
    accounting for income taxes and the valuation of deferred tax
    assets; and(ix)
    the liability for litigation and regulatory matters.      Economic
    Capital
   99




---



##### Table of Contents



Results
    of Operations
  Six
    Months Ended June 30, 2010 compared with the Six Months
    Ended June 30, 2009
  Consolidated
    Results
    Six MonthsEndedJune 30,2010


2009


Change


% Change(In millions)RevenuesPremiums

$
711


$
684


$
27



3.9
%Universal life and investment-type product policy fees


776



583



193



33.1
%Net investment income


1,515



1,061



454



42.8
%Other revenues


213



375



(162
)


(43.2
)%Net investment gains (losses)


342



(1,328
)


1,670



125.8
%Total revenues


3,557



1,375



2,182



158.7
%ExpensesPolicyholder benefits and claims


1,198



1,101



97



8.8
%Interest credited to policyholder account balances


573



610



(37
)


(6.1
)%Capitalization of DAC


(498
)


(478
)


(20
)


(4.2
)%Amortization of DAC and VOBA


524



28



496



1771.4
%Interest expense


239



37



202



545.9
%Other expenses


993



849



144



17.0
%Total expenses


3,029



2,147



882



41.1
%Income (loss) before provision for income tax


528



(772
)


1,300



168.4
%Provision for income tax expense (benefit)


154



(294
)


448



152.4
%Net income (loss)

$
374


$
(478
)

$
852



178.2
%    100




---



##### Table of Contents



101




---



##### Table of Contents



Reconciliation
    of net income (loss) to operating earnings
  Six MonthsEndedJune 30,2010


2009(In millions)Net income (loss)

$
374


$
(478
)Less: Net investment gains (losses)


342



(1,328
)Less: Adjustments to net income (loss) (1)


(148
)


208Less: Provision for income tax (expense) benefit


(69
)


392Operating earnings

$
249


$
250     (1)
    
    See definitions of operating revenues and operating expenses for
    the components of such adjustments. 102




---



##### Table of Contents



Reconciliation
    of GAAP revenues to operating revenues and GAAP expenses to
    operating expenses
  Six MonthsEndedJune 30,2010


2009(In millions)Total revenues

$
3,557


$
1,375Less: Net investment gains (losses)


342



(1,328
)Less: Adjustments related to net investment gains (losses)


3



(12
)Less: Other adjustments to revenues (1)


186



(20
)Total operating revenues

$
3,026


$
2,735Total expenses

$
3,029


$
2,147Less: Adjustments related to net investment gains (losses)


129



(249
)Less: Other adjustments to expenses (1)


208



9Total operating expenses

$
2,692


$
2,387     (1)
    
    See definitions of operating revenues and operating expenses for
    the components of such adjustments.           103




---



##### Table of Contents



Liquidity
    and Capital Resources
    Liquidity Management.
  Insurance Liabilities.
  Securities Lending.
  Derivatives and Collateral.
 104




---



##### Table of Contents



Short-term Funding Agreements.
  Adoption
    of New Accounting Pronouncements
    Future
    Adoption of New Accounting Pronouncements
    Item 4(T).
    Controls
    and Procedures  Rule 15d-15(e)
  Rule 15d-15(f)
 Part II 
    Other Information  Item 1.
    Legal
    Proceedings    Form 10-Q
  Retained Asset Account Matters.
    Travelers Ins. Co., et al. v. Banc of America Securities
    LLC (S.D.N.Y., filed December 13, 2001). ,
 105




---



##### Table of Contents



and/or and/or
  Item 1A.
    Risk
    Factors    Difficult Conditions in the Global Capital Markets and the
    Economy Generally May Materially Adversely Affect Our Business
    and Results of Operations and These Conditions May Not Improve
    in the Near Future
       106




---



##### Table of Contents



Actions of the U.S. Government, Federal Reserve Bank of
    New York and Other Governmental and Regulatory Bodies for the
    Purpose of Stabilizing and Revitalizing the Financial Markets
    and Protecting Investors and Consumers May Not Achieve the
    Intended Effect or Could Adversely Affect the Competitive
    Position of MetLife, Inc. and its Subsidiaries, Including
    Us
     107




---



##### Table of Contents



President Obama Recently Signed a Bill Providing for
    Comprehensive Reform of Financial Services Regulation in the
    United States, Various Aspects of Which Could Impact Our
    Business Operations, Capital Requirements and Profitability and
    Limit Our Growth
    
    As a large, interconnected bank holding company with assets of
    $50 billion or more, or possibly as an otherwise
    systemically important financial company, MetLife, Inc.,
    including possibly its subsidiaries, will be subject to enhanced
    prudential standards imposed on systemically significant
    financial companies. Enhanced standards will be applied to
    risk-based capital, liquidity, leverage (unless another,
    similar, standard is appropriate for the company), resolution
    plan and credit exposure reporting, concentration limits, and
    risk management. Off-balance sheet activities are required to be
    accounted for in meeting capital requirements. In addition, if
    it was determined that MetLife, Inc. posed a grave threat to
    U.S. financial stability, the applicable federal regulators
    would have the right to require it to take one or more other
    mitigating actions to reduce that risk, including limiting its
    ability to merge with or acquire another company, terminating
    activities, restricting its ability to offer financial products
    or requiring it to sell assets or off-balance sheet items to
    unaffiliated entities. Enhanced standards would also permit, but
    not require, regulators to establish requirements with respect
    to contingent capital, enhanced public disclosures and short
    term debt limits. These standards are described as being more
    stringent than those otherwise imposed on bank holding
    companies; however, the Federal Reserve Board is permitted to
    apply them on an
    institution-by-institution
    basis, depending on its determination of the institutions
    riskiness. In addition, under Dodd-Frank, all bank holding
    companies that have elected to be treated as financial holding
    companies, such as MetLife, Inc., will be required to be
    well capitalized and well managed as
    defined by the Federal Reserve Board, on a consolidated basis
    and not just at their depository institution(s), a higher
    standard than is applicable to financial holding companies under
    current law. This requirement could restrict the amount of
    capital available to MetLife, Inc.s subsidiaries,
    including us.
    MetLife, Inc., as a bank holding company, will have to meet
    minimum leverage ratio and risk-based capital requirements on a
    consolidated basis to be established by the Federal Reserve
    Board that are not less than those applicable to insured
    depository institutions under so-called prompt corrective action
    regulations as in effect on the date of the enactment of the
    legislation. As a subsidiary of a bank holding company, we, as
    well as MetLife, Inc., could be subject to other heightened
    standards, even if MetLife, Inc. is not deemed to be a
    systemically significant company. 108




---



##### Table of Contents




    Under the provisions of Dodd-Frank relating to the resolution or
    liquidation of certain types of financial institutions,
    including bank holding companies, if MetLife, Inc. were to
    become insolvent or were in danger of defaulting on its
    obligations, it could be compelled to undergo liquidation with
    the FDIC as receiver. For this new regime to be applicable, a
    number of determinations would have to be made, including that a
    default by the affected company would have serious adverse
    effects on financial stability in the United States. If the FDIC
    were to be appointed as the receiver for such a company, the
    liquidation of that company would occur under the provisions of
    the new liquidation authority, and not under the Bankruptcy
    Code. Although insurance companies will continue to be dissolved
    under state law, federal regulators could similarly determine an
    insurer poses a serious threat to U.S. stability and compel
    liquidation under state regimes. In addition, non-insurer
    subsidiaries that are not themselves insurance companies may be
    liquidated under the new liquidation authority. Under the new
    liquidation authority, the holders of a companys debt
    could in certain respects be treated differently than under the
    Bankruptcy Code. In particular, unsecured creditors and
    shareholders are intended to bear the losses of the company
    being liquidated. The FDIC is authorized to establish rules for
    the priority of creditors claims and, under certain
    circumstances, to treat similarly situated creditors
    differently. Although it is not possible to assess the full
    impact of the liquidation authority at this time, it could
    affect the funding costs of large bank holding companies or
    financial companies that might be viewed as systemically
    significant, as well as their respective subsidiaries. It could
    also lead to an increase in secured financings.
    Dodd-Frank also includes a new framework of regulation of the
    Over-The-Counter
    (OTC) derivatives markets which could require
    clearing of certain types of transactions currently traded
    over-the-counter
    and potentially impose additional costs, including new capital
    and margin requirements and additional regulation on the
    Company. Increased margin requirements on our part could reduce
    our liquidity and narrow the range of securities in which we
    invest. However, increased margin requirements on our
    counterparties could reduce our exposure to our
    counterparties default. We use derivatives to mitigate the
    impact of increased benefit exposures from our annuity products
    that offer guaranteed benefits The derivative clearing
    requirements of Dodd-Frank could increase the cost of such
    mitigation. In addition, we are subject to the risk that hedging
    and other management procedures prove ineffective in reducing
    the risks to which insurance policies expose us or that
    unanticipated policyholder behavior or mortality, combined with
    adverse market events, produces economic losses beyond the scope
    of the risk management techniques employed. Any such losses
    could be increased by any higher costs of writing derivatives or
    the potentially greater difficulty in customizing derivatives
    that might result from the enactment of Dodd-Frank.
    Dodd-Frank restricts the ability of insured depository
    institutions and of companies, such as MetLife, Inc., that
    control an insured depository institution and their affiliates,
    to engage in proprietary trading and to sponsor or invest in
    funds (referred to in the bill as hedge funds and private equity
    funds) that rely on certain exemptions from the Investment
    Company Act of 1940, as amended (the Investment Company
    Act). Dodd-Frank provides an exemption for investment
    activity by a regulated insurance company or its affiliate
    solely for the general account of such insurance company if such
    activity is in compliance with the insurance company investments
    laws of the state or jurisdiction in which such company is
    domiciled and the appropriate Federal regulators after
    consultation with relevant insurance commissioners have not
    jointly determined such laws to be insufficient to protect the
    safety and soundness of the institution or the financial
    stability of the United States. Notwithstanding the foregoing,
    the appropriate Federal regulatory authorities are permitted
    under the legislation to impose, as part of rulemaking,
    additional capital requirements and other restrictions on any
    exempted activity. Dodd-Frank provides for a period of study and
    rule making during which the effects of the statutory language
    may be clarified. Among other considerations, the study is to
    assess and include recommendations so as to appropriately
    accommodate the business of insurance within an insurance
    company subject to regulation in accordance with relevant
    insurance company investments laws. While these provisions of
    Dodd-Frank are supposed to accommodate the business of
    insurance, until the related study and rulemaking are complete,
    it is unclear whether we may have to alter any of our future
    investment activities to comply.
    Until various studies are completed and final regulations are
    promulgated pursuant to Dodd-Frank, the full impact of
    Dodd-Frank on the investments and investment activities of
    MetLife, Inc. and its subsidiaries 109




---



##### Table of Contents



remain unclear. Besides directly limiting our future investment
    activities, Dodd-Frank could potentially negatively impact the
    market for, the returns from, or liquidity in, primary and
    secondary investments in private equity funds and hedge funds
    that are affiliated with an insured depository institution. The
    number of sponsors of such funds going forward may diminish,
    which may impact our available fund investment opportunities.
    Although Dodd-Frank provides for various transition periods for
    coming into compliance, fund sponsors that are subject to
    Dodd-Frank, and whose funds we have invested in, may have to
    spin off their funds business or reduce their ownership stakes
    in their funds, thereby potentially impacting our related
    investments in such funds. In addition, should such funds be
    required or choose to liquidate or sell their underlying assets,
    the market value and liquidity of such assets or the broader
    related asset classes could negatively be affected, including
    securities and real estate assets that MetLife, Inc. and its
    subsidiaries hold or may plan to sell. Our existing derivatives
    counterparties and the financial institutions subject to
    Dodd-Frank in which we have invested also could be negatively
    impacted by Dodd-Frank.      Legislative and Regulatory Activity in Health Care and
    Other Employee Benefits Could Increase the Costs or
    Administrative Burdens of Providing Benefits to Employees Who
    Conduct Our Business or Hinder or Prevent MetLife and its
    Affiliates From Attracting and Retaining Employees, or Affect
    our Profitability As a Provider of Life Insurance, Annuities,
    and Non-Medical Health Insurance Benefit Products
   110




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and/or and/or
  Defaults
    on Our Mortgage Loans and Volatility in Performance May
    Adversely Affect Our Profitability
  loan-to-value held-for-investment
   111




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A Downgrade or a Potential Downgrade in Our Financial
    Strength Ratings or those of MetLifes Other Insurance
    Subsidiaries, or MetLifes Credit Ratings Could Result in a
    Loss of Business and Materially Adversely Affect Our Financial
    Condition and Results of Operations
      
    reducing new sales of insurance products, annuities and other
    investment products;
    adversely affecting our relationships with our sales force and
    independent sales intermediaries;
    materially increasing the number or amount of policy surrenders
    and withdrawals by contractholders and policyholders;
    requiring us to reduce prices for many of our products and
    services to remain competitive; and
    adversely affecting our ability to obtain reinsurance at
    reasonable prices or at all.       112




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If Our Business Does Not Perform Well or if Actual
    Experience Versus Estimates Used in Valuing and Amortizing DAC,
    Deferred Sales Inducements (DSI) and VOBA Vary
    Significantly, We May Be Required to Accelerate the Amortization
    and/or Impair the DAC, DSI and VOBA Which Could Adversely Affect
    Our Results of Operations or Financial Condition
      Guarantees Within Certain of Our Products that Protect
    Policyholders Against Significant Downturns in Equity Markets
    May Decrease Our Earnings, Increase the Volatility of Our
    Results if Hedging or Risk Management Strategies Prove
    Ineffective, Result in Higher Hedging Costs and Expose Us to
    Increased Counterparty Risk
     113




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Litigation and Regulatory Investigations Are Increasingly
    Common in Our Businesses and May Result in Significant Financial
    Losses and Harm to Our Reputation
             114




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New and Impending Compensation and Corporate Governance
    Regulations Could Hinder or Prevent MetLife and Its Affiliates
    From Attracting and Retaining Management and Other Employees
    with the Talent and Experience to Manage and Conduct Our
    Business Effectively
    Changes in U.S. Federal and State Securities Laws and
    Regulations May Affect Our Operations and Our
    Profitability
  sub-accounts,
    115




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Item 6.
    Exhibits  (Note Regarding Reliance on Statements in Our Contracts:In reviewing the agreements included as exhibits to this
    Quarterly Report on
    Form 10-Q,
    please remember that they are included to provide you with
    information regarding their terms and are not intended to
    provide any other factual or disclosure information about
    MetLife Insurance Company of Connecticut, its subsidiaries or
    the other parties to the agreements. The agreements contain
    representations and warranties by each of the parties to the
    applicable agreement. These representations and warranties have
    been made solely for the benefit of the other parties to the
    applicable agreement and (i) should not in all instances be
    treated as categorical statements of fact, but rather as a way
    of allocating the risk to one of the parties if those statements
    prove to be inaccurate; (ii) have been qualified by
    disclosures that were made to the other party in connection with
    the negotiation of the applicable agreement, which disclosures
    are not necessarily reflected in the agreement; (iii) may
    apply standards of materiality in a way that is different from
    what may be viewed as material to investors; and (iv) were
    made only at the date of the applicable agreement or such other
    date or dates as may be specified in the agreement and are
    subject to more recent developments. Accordingly, these
    representations and warranties may not describe the actual state
    of affairs at the date they were made or at any other time.
    Additional information about MetLife Insurance Company of
    Connecticut and its subsidiaries may be found elsewhere in this
    Quarterly Report on
    Form 10-Q
    and MetLife Insurance Company of Connecticuts other public
    filings, which are available without charge through the
    SECs website at www.sec.gov.)
  ExhibitNo.

Description31
.1

Certification of Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.31
.2

Certification of Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.32
.1

Certification of Chief Executive Officer pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002.32
.2

Certification of Chief Financial Officer pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002.  116




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Signatures      By:
    /s/  Peter
    M. Carlson   Title:
    Executive Vice-President, Finance Operations and     117




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Exhibit Index  (Note Regarding Reliance on Statements in Our Contracts:In reviewing the agreements included as exhibits to this
    Quarterly Report on
    Form 10-Q,
    please remember that they are included to provide you with
    information regarding their terms and are not intended to
    provide any other factual or disclosure information about
    MetLife Insurance Company of Connecticut, its subsidiaries or
    the other parties to the agreements. The agreements contain
    representations and warranties by each of the parties to the
    applicable agreement. These representations and warranties have
    been made solely for the benefit of the other parties to the
    applicable agreement and (i) should not in all instances be
    treated as categorical statements of fact, but rather as a way
    of allocating the risk to one of the parties if those statements
    prove to be inaccurate; (ii) have been qualified by
    disclosures that were made to the other party in connection with
    the negotiation of the applicable agreement, which disclosures
    are not necessarily reflected in the agreement; (iii) may
    apply standards of materiality in a way that is different from
    what may be viewed as material to investors; and (iv) were
    made only at the date of the applicable agreement or such other
    date or dates as may be specified in the agreement and are
    subject to more recent developments. Accordingly, these
    representations and warranties may not describe the actual state
    of affairs at the date they were made or at any other time.
    Additional information about MetLife Insurance Company of
    Connecticut and its subsidiaries may be found elsewhere in this
    Quarterly Report on
    Form 10-Q
    and MetLife Insurance Company of Connecticuts other public
    filings, which are available without charge through the
    SECs website at www.sec.gov.)
  ExhibitNo.

Description31
.1

Certification of Chief Executive Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.31
.2

Certification of Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 2002.32
.1

Certification of Chief Executive Officer pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002.32
.2

Certification of Chief Financial Officer pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002.  E-1