UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, 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, 2008ORo

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

06-0566090(State or other jurisdiction
    of
    incorporation or organization)

(I.R.S. Employer
    Identification No.)One Cityplace, Hartford, Connecticut

06103-3415(Address of principal executive
    offices)

(Zip Code)   (860) 308-1000
 (Registrants telephone
    number, including area code)
  þ 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.




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##### 





Table of
    Contents
  PagePart I  Financial Information


4Item 1.  Financial Statements at June 30,
    2008 (Unaudited) and December 31, 2007 and for
    the Three Months and Six Months Ended June 30, 2008
    and 2007 (Unaudited)


4Interim Condensed Consolidated Balance Sheets


4Interim Condensed Consolidated Statements of Income


5Interim Condensed Consolidated Statement of Stockholders
    Equity


6Interim Condensed Consolidated Statements of Cash Flows


7Notes to Interim Condensed Consolidated Financial Statements


8Item 2.  Managements Discussion and
    Analysis of Financial Condition and Results of Operations


40Item 3.  Quantitative and Qualitative
    Disclosures About Market Risk


51Item 4(T).  Controls and Procedures


54Part II  Other Information


54Item 1.  Legal Proceedings


54Item 1A.  Risk Factors


54Item 6.  Exhibits


55Signatures


56Exhibit Index


E-1  2




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##### 



Note
    Regarding Forward-Looking Statements
  Form 10-Q,
 3




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##### 



Part I 
    Financial Information  Item 1.
    Financial
    Statements  MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Interim Condensed Consolidated Balance
    Sheets
    June 30, 2008 (Unaudited) and December 31, 2007
  (In millions, except share and per share data)
  June 30,


December 31,2008


2007AssetsInvestments:Fixed maturity securities available-for-sale, at estimated fair
    value (amortized cost: $45,530 and $46,264, respectively)

$
43,694


$
45,671Equity securities available-for-sale, at estimated fair value
    (cost: $997 and $992, respectively)


893



952Mortgage and consumer loans


4,495



4,404Policy loans


1,196



913Real estate and real estate joint ventures held-for-investment


583



541Other limited partnership interests


1,346



1,130Short-term investments


800



1,335Other invested assets


1,599



1,445Total investments


54,606



56,391Cash and cash equivalents


2,150



1,774Accrued investment income


513



637Premiums and other receivables


9,125



8,320Deferred policy acquisition costs and value of business acquired


5,171



4,948Current income tax recoverable


91



72Deferred income tax assets


1,131



846Goodwill


953



953Other assets


747



753Separate account assets


48,579



53,867Total assets

$
123,066


$
128,561Liabilities and Stockholders EquityLiabilitiesFuture policy benefits

$
19,721


$
19,576Policyholder account balances


32,782



33,815Other policyholder funds


1,836



1,777Long-term debt - affiliated


950



635Payables for collateral under securities loaned and other
    transactions


10,712



10,471Other liabilities


1,575



1,072Separate account liabilities


48,579



53,867Total liabilities


116,155



121,213Contingencies, Commitments and Guarantees (Note 6)Stockholders EquityCommon stock, par value $2.50 per share; 40,000,000 shares
    authorized; 34,595,317 shares issued and outstanding at
    both June 30, 2008 and December 31, 2007


86



86Additional paid-in capital


6,719



6,719Retained earnings


1,177



892Accumulated other comprehensive loss


(1,071
)


(349
)Total stockholders equity


6,911



7,348Total liabilities and stockholders equity

$
123,066


$
128,561   See accompanying notes to interim condensed consolidated
    financial statements.
 4




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Interim Condensed Consolidated Statements of
    Income
    For the Three Months and Six Months Ended June 30, 2008 and
    2007 (Unaudited)
  (In millions)
  Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007RevenuesPremiums

$
65


$
83


$
220


$
171Universal life and investment-type product policy fees


372



354



772



682Net investment income


685



769



1,347



1,464Other revenues


59



63



115



124Net investment gains (losses)


(126
)


(126
)


(171
)


(201
)Total revenues


1,055



1,143



2,283



2,240ExpensesPolicyholder benefits and claims


223



241



548



466Interest credited to policyholder account balances


288



320



596



642Other expenses


300



324



757



680Total expenses


811



885



1,901



1,788Income from continuing operations before provision for income tax


244



258



382



452Provision for income tax


69



71



97



113Income from continuing operations


175



187



285



339Income from discontinued operations, net of income tax














4Net income

$
175


$
187


$
285


$
343   See accompanying notes to interim condensed consolidated
    financial statements.
 5




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Interim Condensed Consolidated Statement of
    Stockholders Equity
    For the Six Months Ended June 30, 2008 (Unaudited)
  (In millions)
  Accumulated Other Comprehensive LossNet


ForeignAdditional





Unrealized


CurrencyCommon


Paid-in


Retained


Investment


TranslationStock


Capital


Earnings


Gains (Losses)


Adjustments


TotalBalance at January 1, 2008

$
86


$
6,719


$
892


$
(361
)

$
12


$
7,348Comprehensive loss:Net income










285











285Other comprehensive loss:Unrealized losses on derivative instruments, net of income tax














(1
)






(1
)Unrealized investment losses, net of related offsets and income
    tax














(718
)






(718
)Foreign currency translation adjustments, net of income tax


















(3
)


(3
)Other comprehensive loss






















(722
)Comprehensive loss






















(437
)Balance at June 30, 2008

$
86


$
6,719


$
1,177


$
(1,080
)

$
9


$
6,911   See accompanying notes to interim condensed consolidated
    financial statements.
 6




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Interim Condensed Consolidated Statements of
    Cash Flows
    For the Six Months Ended June 30, 2008 and 2007
    (Unaudited)
  (In millions)
  Six Months EndedJune 30,2008


2007Net cash provided by operating activities

$
1,043


$
1,419Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


9,501



13,121Equity securities


89



92Mortgage and consumer loans


249



650Real estate and real estate joint ventures


13



105Other limited partnership interests


37



372Purchases of:Fixed maturity securities


(9,016
)


(13,799
)Equity securities


(101
)


(228
)Mortgage and consumer loans


(378
)


(1,325
)Real estate and real estate joint ventures


(59
)


(278
)Other limited partnership interests


(251
)


(263
)Net change in policy loans


(283
)


8Net change in short-term investments


540



253Net change in other invested assets


(191
)


(5
)Other, net






15Net cash provided by (used in) investing activities


150



(1,282
)Cash flows from financing activitiesPolicyholder account balances:Deposits


2,268



5,198Withdrawals


(3,636
)


(6,254
)Net change in payables for collateral under securities loaned
    and other transactions


241



2,102Long-term debt issued  affiliated


750



Long-term debt repaid  affiliated


(435
)


Financing element on certain derivative instruments


3



44Debt and equity issuance costs


(8
)


Net cash (used in) provided by financing activities


(817
)


1,090Change in cash and cash equivalents


376



1,227Cash and cash equivalents, beginning of period


1,774



649Cash and cash equivalents, end of period

$
2,150


$
1,876Supplemental disclosures of cash flow information:Net cash paid during the period for:Interest

$
28


$
16Income tax

$
23


$
78     See accompanying notes to interim condensed consolidated
    financial statements.
 7




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  Notes to
    Interim Condensed Consolidated Financial Statements
    (Unaudited)
  1.
    Business,
    Basis of Presentation, and Summary of Significant Accounting
    Policies  Business
    Basis
    of Presentation
    (i)
    the fair value of investments in the absence of quoted market
    values;(ii)
    investment impairments;(iii)
    the recognition of income on certain investment entities;(iv)
    the application of the consolidation rules to certain
    investments;(v)
    the existence and fair value of embedded derivatives requiring
    bifurcation;(vi)
    the fair value of and accounting for derivatives;(vii)
    the capitalization and amortization of deferred policy
    acquisition costs (DAC) and the establishment and
    amortization of value of business acquired (VOBA);(viii)
    the measurement of goodwill and related impairment, if any;(ix)
    the liability for future policyholder benefits;(x)
    accounting for income taxes and the valuation of deferred tax
    assets;(xi)
    accounting for reinsurance transactions; and(xii)
    the liability for litigation and regulatory matters.         8




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   Form 10-K Form 10-K/A,
  Adoption
    of New Accounting Pronouncements
  Fair
    Value
  Fair Value
    Measurements
    Level 1
    Unadjusted quoted prices in active markets for identical assets
    or liabilities.Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities. 9




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the fair value of the assets or
    liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of fair value
    requires significant management judgment or estimation.    The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  No. FAS 157-1, Application of FASB Statement No. 157 to FASB Statement
    No. 13 and Other Accounting Pronouncements That Address
    Fair Value Measurements for Purposes of Lease Classification or
    Measurement under Statement 13 (FSP 157-1). FSP 157-1 Accounting for Leases No. FAS 157-2, Effective Date of FASB Statement No. 157
  Other
  No. FIN 39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts
    Related to Certain Contracts
 10




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  FSP 39-1 FSP 39-1, FSP 39-1
  Accounting for Derivative Instruments
    and Hedging Activities E-23, Clarification of the Application of the Shortcut Method E-23). E-23 E-23
  Future
    Adoption of New Accounting Pronouncements
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date.
    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities.
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions. 11




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   
    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    No. FAS 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 Goodwill and Other Intangible Assets FSP 142-3
  Derivatives
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  Other
  No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase
    Financing Transactions (FSP 140-3). FSP 140-3 FSP 140-3 FSP 140-3
  No. 07-6, Accounting for the Sale of Real Estate When the Agreement
    Includes a Buy-Sell Clause (EITF 07-6). EITF 07-6 EITF 07-6 EITF 07-6
 12




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  2.
    Investments  Fixed
    Maturity and Equity Securities Available-for-Sale
    June 30, 2008Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
16,807


$
75


$
1,020


$
15,862



36.3
%Residential mortgage-backed securities


11,774



76



322



11,528



26.4Foreign corporate securities


6,320



79



287



6,112



14.0U.S. Treasury/agency securities


3,523



79



42



3,560



8.1Commercial mortgage-backed securities


3,233



8



226



3,015



6.9Asset-backed securities


2,390



9



240



2,159



5.0Foreign government securities


681



42



6



717



1.6State and political subdivision securities


802



4



65



741



1.7Total fixed maturity securities

$
45,530


$
372


$
2,208


$
43,694



100.0
%Non-redeemable preferred stock

$
734


$
20


$
112


$
642



71.9
%Common stock


263



3



15



251



28.1Total equity securities

$
997


$
23


$
127


$
893



100.0
%   December 31, 2007Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,174


$
119


$
618


$
16,675



36.5
%Residential mortgage-backed securities


11,914



98



80



11,932



26.1Foreign corporate securities


6,536



83



184



6,435



14.1U.S. Treasury/agency securities


3,976



126



11



4,091



9.0Commercial mortgage-backed securities


3,182



28



67



3,143



6.9Asset-backed securities


2,236



4



108



2,132



4.7Foreign government securities


635



55



2



688



1.5State and political subdivision securities


611



4



40



575



1.2Total fixed maturity securities

$
46,264


$
517


$
1,110


$
45,671



100.0
%Non-redeemable preferred stock

$
777


$
21


$
63


$
735



77.2
%Common stock


215



9



7



217



22.8Total equity securities

$
992


$
30


$
70


$
952



100.0
%  13




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
        Unrealized
    Loss for Fixed Maturity and Equity Securities
    Available-for-Sale
    June 30, 2008Equal to or GreaterLess than 12 months


than 12 months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFair Value


Loss


Fair Value


Loss


Fair Value


Loss(In millions, except number of securities)U.S. corporate securities

$
8,009


$
432


$
4,900


$
588


$
12,909


$
1,020Residential mortgage-backed securities


5,208



214



963



108



6,171



322Foreign corporate securities


2,764



129



1,634



158



4,398



287U.S. Treasury/agency securities


1,331



32



151



10



1,482



42Commercial mortgage-backed securities


1,783



84



930



142



2,713



226Asset-backed securities


1,176



158



390



82



1,566



240Foreign government securities


198



5



17



1



215



6State and political subdivision securities


291



25



311



40



602



65Total fixed maturity securities

$
20,760


$
1,079


$
9,296


$
1,129


$
30,056


$
2,208Equity securities

$
335


$
49


$
283


$
78


$
618


$
127Total number of securities in an unrealized loss position


2,629







1,189   14




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2007Equal to or GreaterLess than 12 months


than 12 months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFair Value


Loss


Fair Value


Loss


Fair Value


Loss(In millions, except number of securities)U.S. corporate securities

$
6,643


$
316


$
5,010


$
302


$
11,653


$
618Residential mortgage-backed securities


2,374



52



1,160



28



3,534



80Foreign corporate securities


2,350



86



2,234



98



4,584



184U.S. Treasury/agency securities


307



2



343



9



650



11Commercial mortgage-backed securities


417



26



1,114



41



1,531



67Asset-backed securities


1,401



91



332



17



1,733



108Foreign government securities


63



1



62



1



125



2State and political subdivision securities


84



9



387



31



471



40Total fixed maturity securities

$
13,639


$
583


$
10,642


$
527


$
24,281


$
1,110Equity securities

$
386


$
42


$
190


$
28


$
576


$
70Total number of securities in an unrealized loss position


2,011







1,487   Aging
    of Gross Unrealized Loss for Fixed Maturity and Equity
    Securities Available-for-Sale
    June 30, 2008Cost 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)Less than six months

$
17,722


$
2,135


$
606


$
565



2,138



298Six months or greater but less than nine months


2,088



210



145



77



212



37Nine months or greater but less than twelve months


1,409



38



102



17



139



7Twelve months or greater


9,407







823







1,028



Total

$
30,626


$
2,383


$
1,676


$
659   15




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##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  December 31, 2007Cost 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)Less than six months

$
10,721


$
484


$
368


$
130



1,923



98Six months or greater but less than nine months


3,011







155







337



Nine months or greater but less than twelve months


1,560







86







174



Twelve months or greater


10,261







441







1,375



Total

$
25,553


$
484


$
1,050


$
130          16




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##### 



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


December 31,2008


2007Sector:U.S. corporate securities


44
%


52
%Foreign corporate securities


12



16Asset-backed securities


10



9Residential mortgage-backed securities


14



7Commercial mortgage-backed securities


10



6U.S. Treasury/agency securities


2



1Other


8



9Total


100
%


100
%Industry:Finance


29
%


36
%Industrial


2



23Mortgage-backed


24



13Asset-backed


10



9Utility


8



8Consumer


10



3Communication


7



2Government


2



1Other


8



5Total


100
%


100
%   security-by-security
 17




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##### 



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


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Fixed maturity securities

$
626


$
700


$
1,277


$
1,381Equity securities


13



13



25



18Mortgage and consumer loans


64



66



131



125Policy loans


17



13



33



26Real estate and real estate joint ventures


7



42



14



51Other limited partnership interests


19



76



16



120Cash, cash equivalents and short-term investments


20



18



40



45Other


(2
)






(4
)


6Total investment income


764



928



1,532



1,772Less: Investment expenses


79



159



185



308Net investment income

$
685


$
769


$
1,347


$
1,464      18




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##### 



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


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Fixed maturity securities

$
(92
)

$
(121
)

$
(142
)

$
(163
)Equity securities


(3
)


(5
)


(12
)


(2
)Mortgage and consumer loans


(9
)


1



(32
)


Real estate and real estate joint ventures






1



(2
)


1Other limited partnership interests






(1
)


(2
)


(13
)Derivatives


(25
)


37



170



34Other


3



(38
)


(151
)


(58
)Net investment gains (losses)

$
(126
)

$
(126
)

$
(171
)

$
(201
)        19




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  3.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    June 30, 2008


December 31, 2007Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
7,928


$
357


$
122


$
12,437


$
336


$
144Interest rate floors


12,071



154







12,071



159



Interest rate caps


4,021



6







10,715



7



Financial futures


1,202







1



721



2



5Foreign currency swaps


3,728



940



141



3,716



788



97Foreign currency forwards


175







2



167



2



Options






95











85



1Financial forwards


208



11



2



1,108



20



Credit default swaps


517



2



7



1,013



5



3Total

$
29,850


$
1,565


$
275


$
41,948


$
1,404


$
250         Hedging
    June 30, 2008


December 31, 2007Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
775


$
30


$
7


$
651


$
20


$
3Cash flow


486



125



6



486



85



3Non-qualifying


28,589



1,410



262



40,811



1,299



244Total

$
29,850


$
1,565


$
275


$
41,948


$
1,404


$
250  20




---



##### 



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


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Qualifying hedges:Net investment income

$
(1
)

$



$
(1
)

$
Interest credited to policyholder account balances


2



(2
)


3



(3
)Non-qualifying hedges:Net investment gains (losses)


7



18



26



35Total

$
8


$
16


$
28


$
32   Fair
    Value Hedges
      Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Changes in the fair value of derivatives

$
(13
)

$
(1
)

$
9


$
Changes in the fair value of the items hedged


12



(4
)


(9
)


(5
)Net ineffectiveness of fair value hedging activities

$
(1
)

$
(5
)

$



$
(5
)     Cash
    Flow Hedges
     21




---



##### 



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


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Other comprehensive loss balance at the beginning of the period

$
(19
)

$
(11
)

$
(13
)

$
(9
)Gains (losses) deferred in other comprehensive loss on the
    effective portion of cash flow hedges


2



6



36



9Amounts reclassified to net investment gains (losses)


3



(6
)


(37
)


(11
)Other comprehensive loss balance at the end of the period

$
(14
)

$
(11
)

$
(14
)

$
(11
)     Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
      Three Months Ended June 30,


Six Months Ended June 30,2008


2007


2008


2007(In millions)Net investment gains (losses), excluding embedded derivatives

$
(14
)

$
9


$
21


$
(21
)   Embedded
    Derivatives
   22




---



##### 



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


December 31,2008


2007(In millions)Net embedded derivatives within asset host contracts:Ceded guaranteed minimum benefit riders

$
652


$
382Net embedded derivatives within asset host contracts

$
652


$
382Net embedded derivatives within liability host contracts:Direct guaranteed minimum benefit riders

$
409


$
257Other


(16
)


Net embedded derivatives within liability host contracts

$
393


$
257     Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Net investment gains (losses)

$
(45
)

$
16


$
94


$
26   Credit
    Risk
         23




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  4.
    Insurance  Insurance
    Liabilities
    Future Policy Benefits


Policyholder Account Balances


Other Policyholder FundsJune 30,


December 31,


June 30,


December 31,


June 30,


December 31,2008


2007


2008


2007


2008


2007(In millions)IndividualTraditional life

$
929


$
921


$



$



$
51


$
50Universal & variable life


615



575



5,219



4,995



1,565



1,496Annuities


998



944



15,008



15,058



34



36Other










57



47







InstitutionalGroup life


215



220



1,057



763



4



5Retirement & savings


11,975



12,040



11,160



12,780







Non-medical health & other


300



303











2



2Corporate & Other (1)


4,689



4,573



281



172



180



188Total

$
19,721


$
19,576


$
32,782


$
33,815


$
1,836


$
1,777     (1)
    
    Corporate & Other includes intersegment eliminations.    5.
    Long-term
    Debt  Affiliated      6.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
 24




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
            and/or and/or
 25




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to 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
     26




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      7.
    Comprehensive
    Loss    Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Net income

$
175


$
187


$
285


$
343Other comprehensive loss:Unrealized gains (losses) on derivative instruments, net of
    income tax


3







(1
)


(1
)Unrealized investment gains (losses), net of related offsets and
    income tax


(323
)


(428
)


(718
)


(354
)Foreign currency translation adjustments, net of income tax


4



3



(3
)


6Other comprehensive loss


(316
)


(425
)


(722
)


(349
)Comprehensive loss

$
(141
)

$
(238
)

$
(437
)

$
(6
)   8.
    Other
    Expenses    Three Months Ended


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Compensation

$
29


$
34


$
57


$
60Commissions


179



192



349



367Interest and debt issue costs


23



9



34



17Amortization of DAC and VOBA


84



140



371



332Capitalization of DAC


(204
)


(206
)


(381
)


(371
)Rent, net of sublease income


1



1



2



2Insurance tax


10



14



20



22Other


178



140



305



251Total other expenses

$
300


$
324


$
757


$
680  27




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    9.
    Business
    Segment Information    start-up
      CorporateFor the Three Months Ended June 30, 2008

Individual


Institutional


& Other


Total(In millions)Statement of Income:Premiums

$
38


$
22


$
5


$
65Universal life and investment-type product policy fees


365



5



2



372Net investment income


286



354



45



685Other revenues


56



3







59Net investment gains (losses)


(107
)


(19
)






(126
)Policyholder benefits and claims


82



131



10



223Interest credited to policyholder account balances


173



115







288Other expenses


254



13



33



300Income from continuing operations before provision for income tax


129



106



9



244Provision for income tax


46



36



(13
)


69Net income

$
83


$
70


$
22


$
175   28




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  CorporateFor the Three Months Ended June 30, 2007

Individual


Institutional


& Other


Total(In millions)Statement of Income:Premiums

$
71


$
6


$
6


$
83Universal life and investment-type product policy fees


346



8







354Net investment income


278



384



107



769Other revenues


61



2







63Net investment gains (losses)


(50
)


(70
)


(6
)


(126
)Policyholder benefits and claims


113



120



8



241Interest credited to policyholder account balances


155



164



1



320Other expenses


296



12



16



324Income from continuing operations before provision for income tax


142



34



82



258Provision for income tax


51



12



8



71Net income

$
91


$
22


$
74


$
187   CorporateFor the Six Months Ended June 30, 2008

Individual


Institutional


& Other


Total(In millions)Statement of Income:Premiums

$
99


$
110


$
11


$
220Universal life and investment-type product policy fees


754



16



2



772Net investment income


565



717



65



1,347Other revenues


112



3







115Net investment gains (losses)


28



(222
)


23



(171
)Policyholder benefits and claims


205



325



18



548Interest credited to policyholder account balances


351



245







596Other expenses


685



27



45



757Income from continuing operations before provision for income tax


317



27



38



382Provision for income tax


110



9



(22
)


97Net income

$
207


$
18


$
60


$
285   29




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  CorporateFor the Six Months Ended June 30, 2007

Individual


Institutional


& Other


Total(In millions)Statement of Income:Premiums

$
147


$
12


$
12


$
171Universal life and investment-type product policy fees


663



19







682Net investment income


547



739



178



1,464Other revenues


117



7







124Net investment gains (losses)


(67
)


(127
)


(7
)


(201
)Policyholder benefits and claims


214



235



17



466Interest credited to policyholder account balances


319



322



1



642Other expenses


634



22



24



680Income from continuing operations before provision for income tax


240



71



141



452Provision for income tax


84



25



4



113Income from continuing operations


156



46



137



339Income from discontinued operations, net of income tax






4







4Net income

$
156


$
50


$
137


$
343     June 30,


December 31,2008


2007(In millions)Individual

$
77,856


$
82,214Institutional


32,084



35,154Corporate & Other


13,126



11,193Total

$
123,066


$
128,561       10.
    Discontinued
    Operations  held-for-sale
   30




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    11.
    Fair
    Value  Assets
    and Liabilities Measured at Fair Value
  Recurring
    Fair Value Measurements
    
    Fixed Maturity and Equity Securities and Short-Term
    Investments When available, the estimated fair
    value of the Companys fixed maturity and equity securities
    as well as certain short-term investments are based on quoted
    prices in active markets that are readily and regularly
    obtainable. Generally, these are the most liquid of the
    Companys securities holdings and valuation of these
    securities does not involve management judgment.  When quoted prices in active markets are not available, the
    determination of estimated fair value is based on market
    standard valuation methodologies. The market standard valuation
    methodologies utilized include: discounted cash flow
    methodologies, matrix pricing or other similar techniques. The
    assumptions and inputs in applying these market standard
    valuation methodologies include, but are not limited to:
    interest rates, credit standing of the issuer or counterparty,
    industry sector of the issuer, coupon rate, call provisions,
    sinking fund requirements, maturity, estimated duration and
    managements assumptions regarding liquidity and estimated
    future cash flows. Accordingly, the estimated fair values are
    based on available market information and managements
    judgments about financial instruments.The significant inputs to the market standard valuation
    methodologies for certain types of securities with reasonable
    levels of price transparency are inputs that are observable in
    the market or can be derived principally from or corroborated by
    observable market data. Such observable inputs include
    benchmarking prices for similar assets in active, liquid
    markets, quoted prices in markets that are not active and
    observable yields and spreads in the market.When observable inputs are not available, the market standard
    valuation methodologies for determining the estimated fair value
    of certain types of securities that trade infrequently, and
    therefore have little or no price transparency, rely on inputs
    that are significant to the estimated fair value that are not
    observable in the market or cannot be derived principally from
    or corroborated by observable market data. These unobservable
    inputs can be based in large part on management judgment or
    estimation, and cannot be supported by reference to market
    activity. Even though unobservable, these inputs are based on
    assumptions deemed appropriate given the circumstances and
    consistent with what other market participants would use when
    pricing such securities.The use of different methodologies, assumptions and inputs may
    have a material effect on the estimated fair values of the
    Companys securities holdings.  
    Derivatives The fair value of derivatives is
    determined through the use of quoted market prices for
    exchange-traded derivatives or through the use of pricing models
    for
    over-the-counter
    derivatives. The determination of fair value, when quoted market
    values are not available, is based on market standard valuation
    methodologies and inputs that are assumed to be consistent with
    what other market participants would use when pricing the
    instruments. Derivative valuations can be affected by changes in
    interest rates, foreign currency exchange rates, financial
    indices, credit spreads, default risk (including the
    counterparties to the contract), volatility, liquidity and
    changes in estimates and assumptions used in the pricing models. 31




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   The significant inputs to the pricing models for most
    over-the-counter
    derivatives are inputs that are observable in the market or can
    be derived principally from or corroborated by observable market
    data. Significant inputs that are observable generally include:
    interest rates, foreign currency exchange rates, interest rate
    curves, credit curves and volatility. However, certain
    over-the-counter
    derivatives may rely on inputs that are significant to the fair
    value that are not observable in the market or cannot be derived
    principally from or corroborated by observable market data.
    Significant inputs that are unobservable generally include:
    broker quotes, credit correlation assumptions, references to
    emerging market currencies and inputs that are outside the
    observable portion of the interest rate curve, credit curve,
    volatility or other relevant market measure. These unobservable
    inputs may involve significant management judgment or
    estimation. Even though unobservable, these inputs are based on
    assumptions deemed appropriate given the circumstances and
    consistent with what other market participants would use when
    pricing such instruments.The credit risk of both the counterparty and the Company are
    considered in determining the fair value for all
    over-the-counter
    derivatives after taking into account the effects of netting
    agreements and collateral arrangements. Most inputs for
    over-the-counter
    derivatives are mid market inputs but, in certain cases, bid
    level inputs are used when they are deemed more representative
    of exit value.The use of different methodologies, assumptions and inputs may
    have a material effect on the estimated fair values of the
    Companys derivatives and could materially affect net
    income.  
    Embedded Derivatives Embedded derivatives
    principally include certain direct, assumed and ceded variable
    annuity riders, and embedded derivatives related to funds
    withheld on ceded reinsurance. Embedded derivatives are recorded
    in the financial statements at fair value with changes in fair
    value adjusted through net income.  The Company issues certain variable annuity products with
    guaranteed minimum benefit riders. These include guaranteed
    minimum withdrawal benefit (GMWB) riders, guaranteed
    minimum accumulation benefit (GMAB) riders, and
    certain guaranteed minimum income benefit (GMIB)
    riders. GMWB, GMAB and certain GMIB riders are embedded
    derivatives, which are measured at fair value separately from
    the host variable annuity contract, with changes in fair value
    reported in net investment gains (losses). These embedded
    derivatives are classified within policyholder account balances.
    The fair value for these riders is estimated using the present
    value of future benefits minus the present value of future fees
    using actuarial and capital market assumptions related to the
    projected cash flows over the expected lives of the contracts. A
    risk neutral valuation methodology is used under which the cash
    flows from the riders are projected under multiple capital
    market scenarios using observable risk free rates. Effective
    January 1, 2008, upon adoption of SFAS 157, the
    valuation of these riders now includes an adjustment for the
    Companys own credit and risk margins for non-capital
    market inputs. The Companys own credit adjustment is
    determined taking into consideration publicly available
    information relating to the Companys debt as well as its
    claims paying ability. Risk margins are established to capture
    the non-capital market risks of the instrument which represent
    the additional compensation a market participant would require
    to assume the risks related to the uncertainties of such
    actuarial assumptions as annuitization, premium persistency,
    partial withdrawal and surrenders. The establishment of risk
    margins requires the use of significant management judgment.
    These riders may be more costly than expected in volatile or
    declining equity markets. Market conditions including, but not
    limited to, changes in interest rates, equity indices, market
    volatility and foreign currency exchange rates; changes in the
    Companys own credit standing; and variations in actuarial
    assumptions regarding policyholder behavior and risk margins
    related to non-capital market inputs may result in significant
    fluctuations in the fair value of the riders that could
    materially affect net income.The Company cedes the risks associated with certain of the GMIB,
    GMAB and GMWB riders described in the preceding paragraph to an
    affiliated reinsurance company. These reinsurance contracts
    contain embedded derivatives which are included in premiums and
    other receivables with changes in fair value 32




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  reported in net investment gains (losses). The value of the
    embedded derivatives on the ceded risks is determined using a
    methodology consistent with that described previously for the
    riders directly written by the Company.  In addition to ceding risks associated with riders that are
    accounted for as embedded derivatives, the Company also cedes to
    the same affiliated reinsurance company certain directly written
    GMIB riders that are accounted for as insurance (i.e. not as
    embedded derivatives) but where the reinsurance contract
    contains an embedded derivative. These embedded derivatives are
    included in premiums and other receivables with changes in fair
    value reported in net investment gains (losses). The value of
    the embedded derivatives on these ceded risks is determined
    using a methodology consistent with that described previously
    for the riders directly written by the Company. Because the
    direct rider is not accounted for at fair value, significant
    fluctuations in net income may occur as the change in fair value
    of the embedded derivative on the ceded risk is being recorded
    in net income without a corresponding and offsetting change in
    fair value of the direct rider.The Company has assumed risks related to guaranteed minimum
    benefit riders from an affiliated joint venture under a
    reinsurance contract. These risks are fully retroceded to the
    same affiliated reinsurance company. Both the assumed and
    retroceded contracts contain embedded derivatives. The embedded
    derivatives associated with the assumed risks are included in
    policyholder account balances and the embedded derivatives
    associated with the retroceded risks are included in premiums
    and other receivables with changes in fair value of both
    reported in net investment gains (losses). The values of the
    embedded derivatives in both the assumed and retroceded
    contracts are determined in a similar manner and using a
    methodology consistent with that described previously for the
    riders directly written by the Company.The fair value of the embedded derivatives within funds withheld
    at interest related to certain ceded reinsurance is determined
    based on the change in fair value of the underlying assets held
    by the Company in a reference portfolio backing the funds
    withheld liability. The fair value of the underlying assets is
    determined as described above in  Fixed
    Maturity and Equity Securities and Short-Term Investments.
    The fair value of these embedded derivatives is included, along
    with their funds withheld hosts, in other liabilities with
    changes in fair value recorded in net investment gains (losses).
    Changes in the credit spreads on the underlying assets, interest
    rates and market volatility may result in significant
    fluctuations in the fair value of these embedded derivatives
    that could materially affect net income.The accounting for embedded derivatives is complex and
    interpretations of the primary accounting standards continue to
    evolve in practice. If interpretations change, there is a risk
    that features previously not bifurcated may require bifurcation
    and reporting at fair value in the unaudited interim condensed
    consolidated financial statements and respective changes in fair
    value could materially affect net income.  
    Separate Account Assets Separate account
    assets are carried at fair value and reported as a summarized
    total on the consolidated balance sheet in accordance with
    Statement of Position (SOP)
    03-1,
    Accounting and Reporting by Insurance Enterprises for Certain
    Nontraditional Long-Duration Contracts and for Separate Accounts(SOP 03-1).
    The fair value of separate account assets are based on the fair
    value of the underlying assets owned by the separate account.
    Assets within the Companys separate accounts include:
    mutual funds, fixed maturity securities, equity securities,
    derivatives, other limited partnership interests, short-term
    investments and cash and cash equivalents. The fair value of
    mutual funds is based upon quoted prices or reported net assets
    values provided by the fund manager and are reviewed by
    management to determine whether such values require adjustment
    to represent exit value. The fair values of fixed maturity
    securities, equity securities, derivatives, short-term
    investments and cash and cash equivalents held by separate
    accounts are determined on a basis consistent with the
    methodologies described herein for similar financial instruments
    held within the general account. Other limited partnership
    interests are valued giving consideration to the value of the
    underlying holdings of the partnerships and by applying a
    premium or 33




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      June 30, 2008Fair Value Measurements at Reporting Date UsingQuoted Prices in


SignificantActive Markets


Other


Significantfor Identical Assets


Observable


Unobservableand Liabilities


Inputs


Inputs


Total(Level 1)


(Level 2)


(Level 3)


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

$



$
14,435


$
1,427


$
15,862Residential mortgage-backed securities






11,394



134



11,528Foreign corporate securities






4,784



1,328



6,112U.S. Treasury/agency securities


914



2,597



49



3,560Commercial mortgage-backed securities






2,808



207



3,015Asset-backed securities






1,394



765



2,159Foreign government securities






703



14



717State and political subdivision securities






691



50



741Total fixed maturity securities


914



38,806



3,974



43,694Equity securities:Non-redeemable preferred stock






200



442



642Common stock


152



70



29



251Total equity securities


152



270



471



893Short-term investments (1)


430



164







594Derivative assets (2)






1,457



108



1,565Net embedded derivatives within
    asset host contracts (3)










652



652Separate account assets (4)


48,210



193



176



48,579Total assets

$
49,706


$
40,890


$
5,381


$
95,977LiabilitiesDerivative liabilities (2)

$
1


$
270


$
4


$
275Net embedded derivatives within
    liability host contracts (3)










393



393Total liabilities

$
1


$
270


$
397


$
668     (1)
    
    Short-term investments as presented in the table above differ
    from the amounts presented in the consolidated balance sheet
    because certain short-term investments are not measured at fair
    value (e.g. time deposits, money market funds, etc.). 34




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (2)
    
    Derivative assets are presented within other invested assets and
    derivatives liabilities are presented within other liabilities.
    The amounts are presented gross in the table above to reflect
    the presentation in the consolidated balance sheet, but are
    presented net for purposes of the rollforward in the following
    table.(3)
    
    Net embedded derivatives within asset host contracts are
    presented within premiums and other receivables. Net embedded
    derivatives within liability host contracts are presented within
    policyholder account balances and other liabilities.(4)
    
    Separate account assets are measured at 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 fair value of
    separate account assets as prescribed by
    SOP 03-1.    Level 1
    This category includes certain U.S. Treasury and agency
    fixed maturity securities, exchange-traded common stock, and
    certain short-term money market securities. As it relates to
    derivatives, this level includes financial futures including
    exchange-traded equity and interest rate futures. Separate
    account assets classified within this level principally include
    mutual funds. Also included are assets held within separate
    accounts which are similar in nature to those classified in this
    level for the general account.Level 2
    This category includes fixed maturity securities priced
    principally through independent pricing services. These fixed
    maturity securities include most U.S. Treasury and agency
    securities as well as the majority of U.S. and foreign
    corporate securities, residential mortgage-backed securities,
    commercial mortgage-backed securities, state and political
    subdivision securities, foreign government securities, and
    asset-backed securities. Equity securities classified as
    Level 2 securities consist principally of non-redeemable
    preferred stock priced principally through independent pricing
    services and certain equity securities where market quotes are
    available but are not considered actively traded. Short-term
    investments included within Level 2 are of a similar nature
    to these fixed maturity and equity securities. 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.Level 3
    This category includes fixed maturity securities priced
    principally through independent broker quotes or market standard
    valuation methodologies. This level 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; residential mortgage-backed
    securities; asset backed securities  including all of
    those supported by
    sub-prime
    mortgage loans. Equity securities classified as Level 3
    securities consist principally of common stock of privately held
    companies and non-redeemable preferred stock where there has
    been very limited trading activity or where less price
    transparency exists around the inputs to the valuation. As it
    relates to derivatives this category includes: financial
    forwards including swap spread locks with maturities which
    extend beyond observable periods; equity variance swaps with
    unobservable volatility inputs; credit default swaps which are
    priced through broker quotes; equity options with unobservable
    volatility inputs; and interest rate caps and floors referencing
    unobservable yield curves
    and/or which
    include liquidity and volatility adjustments. Separate account
    assets classified within this level are generally similar to
    those classified within this level for the general account;
    however, they also include other limited partnership interests.
    Embedded derivatives included within this level include embedded 35




---



##### 



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


Purchases,Balance,


Impact of


Balance,





Other


Sales,


Transfer In


Balance,December 31,


SFAS 157


Beginning





Comprehensive


Issuances and


and/or Out of


End of2007


Adoption (1)


of Period


Earnings (2, 3)


Loss


Settlements (4)


Level 3 (5)


Period(In millions)For the Six Months Ended
    June 30, 2008:Fixed maturity securities

$
4,602


$



$
4,602


$
(43
)

$
(258
)

$
(285
)

$
(42
)

$
3,974Equity securities


556







556



(9
)


(43
)


(25
)


(8
)


471Net derivatives (6)


108







108



25







(29
)






104Separate account assets (7)


183







183



(5
)










(2
)


176Net embedded derivatives (8)


125



92



217



2







40







259For the Three Months Ended
    June 30, 2008:Fixed maturity securities










4,313



(26
)


(14
)


(42
)


(257
)


3,974Equity securities










501



(4
)


1



(26
)


(1
)


471Net derivatives (6)










155



(34
)






(14
)


(3
)


104Separate account assets (7)










174



3











(1
)


176Net embedded derivatives (8)










271



(45
)






33







259     (1)
    
    Impact of SFAS 157 adoption represents the amount
    recognized in earnings as a change in estimate upon the adoption
    of SFAS 157 associated with Level 3 financial
    instruments held at January 1, 2008. Such amount was offset
    by a reduction to DAC of $30 million resulting in a net
    impact of $62 million. This net impact of $62 million
    along with a $3 million reduction in the fair value of
    Level 2 freestanding derivatives, results in a total impact
    of adoption of SFAS 157 of $59 million.(2)
    
    Amortization of premium/discount is included within net
    investment income which is reported within the earnings caption
    of total gains/(losses). Impairments are included within net
    investment gains (losses) which is reported within the earnings
    caption of total gains/(losses). Lapses associated with embedded
    derivatives are included with the earnings caption of total
    gains/(losses).(3)
    
    Interest and dividend accruals, as well as cash interest coupons
    and dividends received, are excluded from the rollforward.(4)
    
    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.(5)
    
    Total gains and losses (in earnings and other comprehensive
    income (loss)) are calculated assuming transfers in (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.(6)
    
    Freestanding derivative assets and liabilities are presented net
    for purposes of the rollforward.(7)
    
    Investment performance related to separate account assets is
    fully offset by corresponding amounts credited to
    contractholders whose liability is reflected within separate
    account liabilities. 36




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
   (8)
    
    Embedded derivative assets and liabilities are presented net for
    purposes of the rollforward.(9)
    
    Amounts presented do not reflect any associated hedging
    activities. Actual earnings associated with Level 3,
    inclusive of hedging activities, could differ materially.    Total Gains and LossesClassification of Realized/UnrealizedGains (Losses) included in EarningsNet Investment

Net InvestmentIncome

Gains (Losses)

Total(In millions)For the Six Months Ended June 30, 2008:Fixed maturity securities

$
1


$
(44
)

$
(43
)Equity securities






(9
)


(9
)Net derivatives






25



25Net embedded derivatives






2



2For the Three Months Ended June 30, 2008:Fixed maturity securities






(26
)


(26
)Equity securities






(4
)


(4
)Net derivatives






(34
)


(34
)Net embedded derivatives






(45
)


(45
)     Changes in Unrealized Gains (Losses)Relating to Assets Held at June 30, 2008:Net Investment

Net InvestmentIncome

Gains (Losses)

Total(In millions)For the Six Months Ended June 30, 2008:Fixed maturity securities

$
1


$
(30
)

$
(29
)Equity securities






(3
)


(3
)Net derivatives






17



17Net embedded derivatives






(4
)


(4
)For the Three Months Ended June 30, 2008:Fixed maturity securities






(20
)


(20
)Equity securities






(3
)


(3
)Net derivatives






(27
)


(27
)Net embedded derivatives






(49
)


(49
)   Nonrecurring
    Fair Value Measurements
     37




---



##### 



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  held-for-sale.
  12.
    Related
    Party Transactions  Service
    Agreements
      Reinsurance
    Transactions
     38




---



##### 



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


Six Months EndedJune 30,


June 30,2008


2007


2008


2007(In millions)Assumed premiums

$
2


$



$
7


$
9Assumed fees, included in universal life and investment-type
    product policy fees

$
34


$
38


$
78


$
63Assumed benefits, included in policyholder benefits and claims

$
7


$
16


$
18


$
9Assumed benefits, included in interest credited to policyholder
    account balances

$
14


$
13


$
28


$
27Assumed acquisition costs, included in other expenses

$
7


$
8


$
29


$
25Ceded premiums

$
26


$
8


$
48


$
14Ceded fees, included in universal life and investment-type
    product policy fees

$
53


$
51


$
85


$
101Interest earned on ceded reinsurance, included in other revenues

$
20


$
21


$
40


$
43Ceded benefits, included in policyholder benefits and claims

$
58


$
24


$
110


$
49Ceded benefits, included in interest credited to policyholder
    account balances

$
5


$



$
9


$
Interest costs on ceded reinsurance, included in other expenses

$
19


$
16


$
36


$
28        39




---



##### 



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-Q. Form 10-K Form 10-K/A,
    and/or
    Business
   40




---



##### 



Summary
    of Critical Accounting Estimates
    (i)
    the fair value of investments in the absence of quoted market
    values;(ii)
    investment impairments;(iii)
    the recognition of income on certain investment entities;(iv)
    the application of the consolidation rules to certain
    investments;(v)
    the existence and fair value of embedded derivatives requiring
    bifurcation;(vi)
    the fair value of and accounting for derivatives;(vii)
    the capitalization and amortization of DAC and the establishment
    and amortization of VOBA;(viii)
    the measurement of goodwill and related impairment, if any;(ix)
    the liability for future policyholder benefits;(x)
    accounting for income taxes and the valuation of deferred tax
    assets;(xi)
    accounting for reinsurance transactions; and(xii)
    the liability for litigation and regulatory matters.   41




---



##### 



Results
    of Operations
  Discussion
    of Results
    Six Months EndedJune 30,2008


2007(In millions)RevenuesPremiums

$
220


$
171Universal life and investment-type product policy fees


772



682Net investment income


1,347



1,464Other revenues


115



124Net investment gains (losses)


(171
)


(201
)Total revenues


2,283



2,240ExpensesPolicyholder benefits and claims


548



466Interest credited to policyholder account balances


596



642Other expenses


757



680Total expenses


1,901



1,788Income from continuing operations before provision for income tax


382



452Provision for income tax


97



113Income from continuing operations


285



339Income from discontinued operations, net of income tax






4Net income

$
285


$
343   Income
    from Continuing Operations
        
    A decrease in net investment income of $45 million, net of
    income tax, primarily due to reduced yields on other limited
    partnerships including hedge funds and real estate joint
    ventures.
    An increase in DAC amortization of $25 million, net of
    income tax, resulting from lower net investment losses, and
    unfavorable equity market performance, partially offset by
    revisions to managements assumptions used to determine
    estimated gross profits and margins, which includes amortization
    associated with the implementation of Statement of Position
    (SOP)
    05-1,
    Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts(SOP 05-1)
    in the prior period. 42




---



##### 




    An increase in interest credited to policyholder account
    balances of $34 million, net of income tax, due primarily
    to lower amortization of the excess interest reserves on
    acquired annuity and universal life blocks of business.
    Increase in policyholder benefits and claims of
    $15 million, net of income tax, primarily due to higher
    guaranteed annuity benefit rider costs and higher amortization
    of sales inducements.
    Unfavorable underwriting results of $19 million, net of
    income tax, of which $11 million was primarily due to a
    decrease in the underwriting results for life products. There
    were also decreases in the underwriting results for the
    retirement & savings and non-medical
    health & other businesses of $7 million and
    $3 million, respectively, net of income tax. Underwriting
    results are generally the difference between the portion of
    premium and fee income intended to cover mortality, morbidity or
    other insurance costs, less claims incurred, and the change in
    insurance-related liabilities. Underwriting results are
    significantly influenced by mortality, morbidity or other
    insurance-related experience trends, as well as the reinsurance
    activity related to certain blocks of business. Consequently,
    results can fluctuate from period to period.
    An increase in other expenses of $23 million, net of income
    tax, due to higher non-deferrable volume related expenses and
    higher interest expenses, which decreased income from continuing
    operations.    
    An increase in universal life and investment-type product policy
    fees of $58 million, net of income tax, related to growth
    in the life products and a reinsurance agreement with an
    affiliate which resulted in higher fees driven by an experience
    rate refund.
    An increase in net investment income on blocks of business not
    driven by interest margins of $16 million, net of income
    tax.
    An increase in interest margins of $9 million, net of
    income tax. Management attributes this increase to
    retirement & savings and group life businesses of
    $35 million and $5 million, respectively, net of
    income tax, partially offset by a decrease in the annuity
    business of $31 million, net of income tax. Interest margin
    is the difference between interest earned and interest credited
    to policyholder account balances. Interest earned approximates
    net investment income on investable assets with minor
    adjustments related to the consolidation of certain separate
    accounts and other minor non-policyholder elements. Interest
    credited is the amount attributed to insurance products,
    recorded in policyholder benefits and claims, and the amount
    credited to policyholder account balances for investment-type
    products, recorded in interest credited to policyholder account
    balances. Interest credited on insurance products reflects the
    current year impact of the interest rate assumptions established
    at issuance or acquisition. Interest credited to policyholder
    account balances is subject to contractual terms, including some
    minimum guarantees. This tends to move gradually over time to
    reflect market interest rate movements and may reflect actions
    by management to respond to competitive pressures and,
    therefore, generally does not introduce volatility in expense.    Revenues
       43




---



##### 



Expenses
        SOP 05-1
 44




---



##### 



Insurance
    Regulations
      Adoption
    of New Accounting Pronouncements
  Fair
    Value
  Fair Value
    Measurements
      Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities. 45




---



##### 



Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the fair value of the assets or
    liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of fair value
    requires significant management judgment or estimation.  Disclosures about Fair Value of
    Financial Instruments
    Investments
  available-for-sale
       46




---



##### 



Derivative
    Financial Instruments
  over-the-counter
  over-the-counter over-the-counter
  over-the-counter over-the-counter
    Embedded
    Derivatives
     47




---



##### 



The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
 48




---



##### 



No. FAS 157-1, Application of FASB Statement No. 157 to FASB Statement
    No. 13 and Other Accounting Pronouncements That Address
    Fair Value Measurements for Purposes of Lease Classification or
    Measurement under Statement 13 (FSP 157-1). FSP 157-1 Accounting for Leases No. FAS 157-2, Effective Date of FASB Statement No. 157
  Other
  No. FIN 39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts
    Related to Certain Contracts FSP 39-1 FSP 39-1, FSP 39-1
  Accounting for Derivative Instruments
    and Hedging Activities E-23, Clarification of the Application of the Shortcut Method E-23). E-23 E-23
  Future
    Adoption of New Accounting Pronouncements
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date. 49




---



##### 




    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities.
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions.
    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    No. FAS 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 Goodwill and Other Intangible Assets FSP 142-3
  Derivatives
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  Other
  No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase
    Financing Transactions (FSP 140-3). FSP 140-3 FSP 140-3 FSP 140-3
  No. 07-6, Accounting for the Sale of Real Estate When the Agreement
    Includes a Buy-Sell Clause (EITF 07-6). EITF 07-6 EITF 07-6
 50




---



##### 



EITF 07-6
  Item 3.
    Quantitative
    and Qualitative Disclosures About Market Risk        Risk
    Measurement: Sensitivity Analysis
    
    the net present values of the Companys interest rate
    sensitive exposures resulting from a 10% change (increase or
    decrease) in interest rates;
    the market value of the Companys equity positions due to a
    10% change (increase or decrease) in equity prices; and
    the U.S. dollar equivalent balances of the Companys
    currency exposures due to a 10% change (increase or decrease) in
    currency exchange rates.    
    the market risk information is limited by the assumptions and
    parameters established in creating the related sensitivity
    analysis;
    for derivatives that qualify as hedges, the impact on reported
    earnings may be materially different from the change in market
    values;
    the analysis excludes other significant real estate holdings and
    liabilities pursuant to insurance contracts; and
    the model assumes that the composition of assets and liabilities
    remains unchanged throughout the year. 51




---



##### 



June 30, 2008(In millions)Non-trading:Interest rate risk

$
489Equity price risk

$
138Foreign currency exchange rate risk

$
21Trading:Interest rate risk

$
  52




---



##### 



As of June 30, 2008Assuming a 10%Notional


Estimated


Increase in theAmount


Fair Value


Yield Curve(In millions)Assets:Fixed maturity securities





$
43,694


$
(901
)Equity securities






893



Mortgage and consumer loans






4,440



(43
)Policy loans






1,196



(10
)Short-term investments






800



Cash and cash equivalents






2,150



Mortgage loan commitments

$
322



(12
)


(3
)Commitments to fund bank credit facilities and private corporate
    bond investments

$
385



(41
)


Commitments to fund partnership investments

$
1,641







Total assets









$
(957
)Liabilities:Policyholder account balances





$
23,250


$
460Long-term debt - affiliated






1,005



35Payables for collateral under securities loaned and other
    transactions






10,712



Total liabilities









$
495Other:Derivative instruments (designated hedges or otherwise)Interest rate swaps

$
7,928


$
235


$
(2
)Interest rate floors


12,071



154



(5
)Interest rate caps


4,021



6



3Financial futures


1,202



(1
)


16Foreign currency swaps


3,728



799



(32
)Foreign currency forwards


175



(2
)


Options






95



(6
)Financial forwards


208



9



(1
)Credit default swaps


517



(5
)


Total other









$
(27
)Net Change









$
(489
)    53




---



##### 



Item 4(T).
    Controls
    and Procedures  Rule 13a-15(e) 15d-15(e) Form 10-Q Foreign Currency Translation
  Rule 13a-15(f)
 Part II 
    Other Information  Item 1.
    Legal
    Proceedings      Item 1A.
    Risk
    Factors    Adverse Credit Market Conditions May Significantly Affect
    Our Access to Capital, Cost of Capital and Ability to Meet
    Liquidity Needs
   54




---



##### 



Item 6.
    Exhibits  ExhibitNo.

Description31
.1

Certification of President pursuant to Section 302 of the
    Sarbanes-Oxley Act of 200231
.2

Certification of Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 200232
.1

Certification of President pursuant to Section 906 of the
    Sarbanes-Oxley Act of 200232
.2

Certification of Chief Financial Officer pursuant to
    Section 906 of the Sarbanes-Oxley Act of 2002  55




---



##### 



Signatures     METLIFE
    INSURANCE COMPANY OF CONNECTICUT
  By:
    /s/Joseph
    J. Prochaska, Jr.   Title:
    Executive Vice-President and Chief Accounting Officer    56




---



##### 



Exhibit Index  ExhibitNo.

Description31
.1

Certification of President pursuant to Section 302 of the
    Sarbanes-Oxley Act of 200231
.2

Certification of Chief Financial Officer pursuant to
    Section 302 of the Sarbanes-Oxley Act of 200232
.1

Certification of President pursuant to Section 906 of the
    Sarbanes-Oxley Act of 200232
.2

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