##### Table of Contents



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
    SEPTEMBER 30, 2007ORo

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
   o o þ
  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
    Information


4Item 1.  Financial Statements


4Interim Condensed Consolidated Balance Sheets at
    September 30, 2007 (Unaudited) and December 31,
    2006


4Interim Condensed Consolidated Statements of
    Income for the Three Months and Nine Months Ended
    September 30, 2007 and 2006 (Unaudited)


5Interim Condensed Consolidated Statement of
    Stockholders Equity for the Nine Months Ended
    September 30, 2007 (Unaudited)


6Interim Condensed Consolidated Statements of Cash
    Flows for the Nine Months Ended September 30, 2007 and 2006
    (Unaudited)


7Notes to Interim Condensed Consolidated Financial
    Statements (Unaudited)


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


32Item 4.  Controls and
    Procedures


40Part II  Other Information


40Item 1.  Legal Proceedings


40Item 1A.  Risk Factors


41Item 6.  Exhibits


42Signatures


43Exhibit Index


E-1EX-31.1: CERTIFICATIONEX-31.2: CERTIFICATIONEX-32.1: CERTIFICATIONEX-32.2: CERTIFICATION   2




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##### Table of Contents



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




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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 Sheets
    September 30, 2007 (Unaudited) and December 31,
    2006 (In millions, except share and per share data)
  September 30,


December 31,2007


2006AssetsInvestments:Fixed maturity securities available-for-sale, at estimated fair
    value
    (amortized cost: $48,977 and $48,406, respectively)

$
48,099


$
47,846Equity securities available-for-sale, at estimated fair value
    (cost: $958 and $777, respectively)


950



795Mortgage and consumer loans


4,588



3,595Policy loans


916



918Real estate and real estate joint ventures held-for-investment


463



173Real estate held-for-sale






7Other limited partnership interests


973



1,082Short-term investments


671



777Other invested assets


1,315



1,241Total investments


57,975



56,434Cash and cash equivalents


1,694



649Accrued investment income


721



597Premiums and other receivables


7,478



8,410Deferred policy acquisition costs and value of business acquired


5,153



5,111Current income tax recoverable


148



94Deferred income tax assets


1,050



1,007Goodwill


953



953Other assets


858



765Separate account assets


54,898



50,067Total assets

$
130,928


$
124,087Liabilities and Stockholders EquityLiabilities:Future policy benefits

$
19,627


$
19,654Policyholder account balances


34,233



35,099Other policyholder funds


1,736



1,513Short-term debt  affiliated


52



Long-term debt  affiliated


435



435Payables for collateral under securities loaned and other
    transactions


11,332



9,155Other liabilities


1,638



749Separate account liabilities


54,898



50,067Total liabilities


123,951



116,672Contingencies, Commitments and Guarantees (Note 5)Stockholders Equity:Common stock, par value $2.50 per share; 40,000,000 shares
    authorized; 34,595,317 shares issued and outstanding at
    September 30, 2007 and
    December 31, 2006


86



86Additional paid-in capital


6,719



7,123Retained earnings


645



520Accumulated other comprehensive loss


(473
)


(314
)Total stockholders equity


6,977



7,415Total liabilities and stockholders equity

$
130,928


$
124,087   See accompanying notes to interim condensed consolidated
    financial statements.
 4




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Interim Condensed Consolidated Statements
    of Income
    For the Three Months and Nine Months Ended September 30,
    2007 and 2006 (Unaudited)
    (In millions)
  Three Months Ended


Nine Months EndedSeptember 30,


September 30,2007


2006


2007


2006RevenuesPremiums

$
92


$
65


$
263


$
220Universal life and investment-type product policy fees


351



327



1,033



1,011Net investment income


719



662



2,183



2,128Other revenues


64



50



188



150Net investment gains (losses)


(90
)


(47
)


(291
)


(378
)Total revenues


1,136



1,057



3,376



3,131ExpensesPolicyholder benefits and claims


256



157



722



579Interest credited to policyholder account balances


327



343



969



985Other expenses


327



270



1,007



832Total expenses


910



770



2,698



2,396Income from continuing operations before provision for income tax


226



287



678



735Provision for income tax


72



80



185



210Income from continuing operations


154



207



493



525Income from discontinued operations, net of income tax










4



Net income

$
154


$
207


$
497


$
525   See accompanying notes to 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 Statement of
    Stockholders Equity
    For the Nine Months Ended September 30, 2007 (Unaudited)
    (In millions)
  Accumulated OtherComprehensive LossNet


ForeignAdditional





Unrealized


CurrencyCommon


Paid-in


Retained


Investment


TranslationStock


Capital


Earnings


Gains (Losses)


Adjustments


TotalBalance at December 31, 2006

$
86


$
7,123


$
520


$
(314
)

$



$
7,415Cumulative effect of a change in accounting principle, net of
    income tax (Note 1)










(86
)










(86
)Balance at January 1, 2007


86



7,123



434



(314
)






7,329Dividends declared on common stock (Note 6)






(404
)


(286
)










(690
)Comprehensive income:Net income










497











497Other comprehensive loss:Unrealized gains (losses) on derivative instruments, net of
    income tax














(2
)






(2
)Unrealized investment gains (losses), net of related offsets and
    income tax














(179
)






(179
)Foreign currency translation adjustments, net of income tax


















22



22Other comprehensive loss






















(159
)Comprehensive income






















338Balance at September 30, 2007

$
86


$
6,719


$
645


$
(495
)

$
22


$
6,977   See accompanying notes to 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
    Cash Flows
 For the Nine Months Ended September 30, 2007 and 2006
    (Unaudited)
  (In millions)
  Nine Months EndedSeptember 30,2007


2006Net cash provided by operating activities

$
1,881


$
842Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


17,241



21,011Equity securities


143



140Mortgage and consumer loans


815



588Real estate and real estate joint ventures


146



115Other limited partnership interests


435



680Purchases of:Fixed maturity securities


(17,593
)


(17,697
)Equity securities


(315
)


(55
)Mortgage and consumer loans


(1,815
)


(1,054
)Real estate and real estate joint ventures


(378
)


(43
)Other limited partnership interests


(354
)


(276
)Net change in policy loans


2



(3
)Net change in short-term investments


106



(281
)Net change in other invested assets


(145
)


(177
)Other, net


13



2Net cash (used in) provided by investing activities


(1,699
)


2,950Cash flows from financing activitiesPolicyholder account balances:Deposits


8,425



6,219Withdrawals


(9,843
)


(8,909
)Net change in payables for collateral under securities loaned
    and other transactions


2,177



285Net change in short-term debt  affiliated


52



Dividends on common stock






(917
)Financing element of certain derivative instruments


52



(35
)Net cash provided by (used in) financing activities


863



(3,357
)Change in cash and cash equivalents


1,045



435Cash and cash equivalents, beginning of period


649



571Cash and cash equivalents, end of period

$
1,694


$
1,006Supplemental disclosures of cash flow information:Net cash paid during the period for:Interest

$
25


$
23Income tax

$
81


$
78     See accompanying notes to 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.)
  Notes to Interim Condensed Consolidated
    Financial Statements (Unaudited)
  1.
    Business,
    Basis of Presentation, and Summary of Significant Accounting
    Policies  Business
  (MLI-USA).
  Form 10-K
  MLI-USA
    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 investments;(iv)
    application of the consolidation rules to certain investments;(v)
    the fair value of and accounting for derivatives;(vi)
    the capitalization and amortization of deferred policy
    acquisition costs (DAC) and the establishment and
    amortization of VOBA;(vii)
    the measurement of goodwill and related impairment, if any;(viii)
    the liability for future policyholder benefits;(ix)
    accounting for income taxes and the valuation of deferred income
    tax assets;(x)
    accounting for reinsurance transactions; and(xi)
    the liability for litigation and regulatory matters. 8




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
               Adoption
    of New Accounting Pronouncements
  Income
    Taxes
  Accounting for Uncertainty in
    Income Taxes  An Interpretation of FASB Statement
    No. 109
   9




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##### Table of Contents



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


That, If Recognized WouldTax Benefits


Affect The Effective Tax Rate(In millions)Balance at January 1, 2007 (date of adoption)

$
64


$
5Reductions for tax positions of prior years


(5
)


(5
)Additions for tax positions of current year


4



1Reductions for tax positions of current year


(6
)


(1
)Balance at September 30, 2007

$
57


$
     2007-61, 2007-61
 10




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
    Insurance
    Contracts
  05-1, Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts (SOP 05-1). SOP 05-1 Accounting and Reporting by Insurance Enterprises for Certain
    Long-Duration Contracts and for Realized Gains and Losses from
    the Sale of Investments. SOP 05-1 SOP 05-1 SOP 05-1. SOP 05-1.
  SOP 05-1
  SOP 05-1 SOP 05-1, SOP 05-1,
  Other
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement
    No. 140
  Future
    Adoption of New Accounting Pronouncements
  SOP 07-1, Clarification of the Scope of the Audit and Accounting Guide
    Investment Companies and Accounting by Parent Companies and
    Equity Method Investors for Investments in Investment
    Companies (SOP 07-1). SOP 07-1, FIN 46(r)-7, Application of FASB Interpretation No. 46 to Investment
    Companies FIN 46(r)-7), Consolidation of
    Variable Interest Entities  An Interpretation of
    Accounting Research Bulletin No. 51, SOP 07-1
 11




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Investment Companies SOP 07-1 SOP 07-1 SOP 07-1 FIN 46(r)-7 SOP 07-1. SOP 07-1 FIN 46(r)-7
  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 FSP 39-1, FSP 39-1
  The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  Fair Value Measurements Accounting for
    Derivative Instruments and Hedging Activities and/or
 12




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##### Table of Contents



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
    September 30, 2007Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,913


$
82


$
626


$
17,369



36.1
%Residential mortgage-backed securities


12,674



39



98



12,615



26.2Foreign corporate securities


6,618



69



191



6,496



13.5U.S. Treasury/agency securities


4,519



24



70



4,473



9.3Commercial mortgage-backed securities


3,717



18



69



3,666



7.6Asset-backed securities


2,265



4



58



2,211



4.6State and political subdivision securities


608



4



43



569



1.2Foreign government securities


663



43



6



700



1.5Total fixed maturity securities

$
48,977


$
283


$
1,161


$
48,099



100.0
%Non-redeemable preferred stock

$
769


$
16


$
41


$
744



78.3
%Common stock


189



19



2



206



21.7Total equity securities

$
958


$
35


$
43


$
950



100.0
%   December 31, 2006Cost or


GrossAmortized


Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,331


$
101


$
424


$
17,008



35.5
%Residential mortgage-backed securities


11,951



40



78



11,913



24.9Foreign corporate securities


5,563



64



128



5,499



11.5U.S. Treasury/agency securities


5,455



7



126



5,336



11.2Commercial mortgage-backed securities


3,353



19



47



3,325



6.9Asset-backed securities


3,158



14



10



3,162



6.6State and political subdivision securities


1,062



6



38



1,030



2.2Foreign government securities


533



45



5



573



1.2Total fixed maturity securities

$
48,406


$
296


$
856


$
47,846



100.0
%Non-redeemable preferred stock

$
671


$
22


$
9


$
684



86.0
%Common stock


106



6



1



111



14.0Total equity securities

$
777


$
28


$
10


$
795



100.0
%  13




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##### Table of Contents



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
    September 30, 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

$
7,650


$
307


$
5,919


$
319


$
13,569


$
626Residential mortgage-backed securities


6,102



60



1,616



38



7,718



98Foreign corporate securities


2,412



88



2,507



103



4,919



191U.S. Treasury/agency securities


1,581



31



555



39



2,136



70Commercial mortgage-backed securities


1,320



33



1,077



36



2,397



69Asset-backed securities


1,326



49



296



9



1,622



58State and political subdivision securities


64



3



374



40



438



43Foreign government securities


136



3



82



3



218



6Total fixed maturity securities

$
20,591


$
574


$
12,426


$
587


$
33,017


$
1,161Equity securities

$
301


$
23


$
177


$
20


$
478


$
43Total number of securities in an unrealized loss position


2,446







1,912







4,358   December 31, 2006Equal 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

$
4,895


$
104


$
7,543


$
320


$
12,438


$
424Residential mortgage-backed securities


4,113



20



3,381



58



7,494



78Foreign corporate securities


1,381



29



2,547



99



3,928



128U.S. Treasury/agency securities


2,995



48



1,005



78



4,000



126Commercial mortgage-backed securities


852



6



1,394



41



2,246



47Asset-backed securities


965



3



327



7



1,292



10State and political subdivision securities


29



2



414



36



443



38Foreign government securities


51



1



92



4



143



5Total fixed maturity securities

$
15,281


$
213


$
16,703


$
643


$
31,984


$
856Equity securities

$
149


$
3


$
188


$
7


$
337


$
10Total number of securities in an unrealized loss position


1,955







2,318







4,273  14




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##### Table of Contents



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

$
16,225


$
96


$
368


$
25



1,965



21Six months or greater but less than nine months


3,409



22



130



6



339



2Nine months or greater but less than twelve months


1,737







68







119



Twelve months or greater


13,204



6



605



2



1,911



1Total

$
34,575


$
124


$
1,171


$
33



4,334



24   December 31, 2006Cost 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

$
12,922


$
9


$
150


$
4



1,537



15Six months or greater but less than nine months


568







6







78



1Nine months or greater but less than twelve months


2,134



14



52



4



323



1Twelve months or greater


17,540







650







2,318



Total

$
33,164


$
23


$
858


$
8



4,256



17        15




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##### Table of Contents



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


December 31,2007


2006Sector:U.S. corporate securities


52
%


49
%Residential mortgage-backed securities


8



9Foreign corporate securities


16



15U.S. Treasury/agency securities


6



15Commercial mortgage-backed securities


6



5Asset-backed securities


5



1State and political subdivision securities


4



4Other


3



2Total


100
%


100
%Industry:Industrial


26
%


26
%Finance


27



18Government


6



15Mortgage-backed


14



14Utility


10



10Other


17



17Total


100
%


100
%     security-by-security
   16




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##### Table of Contents



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

Nine Months EndedSeptember 30,

September 30,2007

2006

2007

2006(In millions)Fixed maturity securities

$
729

$
677

$
2,110

$
2,055Equity securities


9


3


27


12Mortgage and consumer loans


69


45


194


131Policy loans


13


13


39


39Real estate and real estate joint ventures


18


2


69


6Other limited partnership interests


20


45


140


189Cash, cash equivalents and short-term investments


27


38


72


101Other invested assets


1


1


7


2Total investment income


886


824


2,658


2,535Less: Investment expenses


167


162


475


407Net investment income

$
719

$
662

$
2,183

$
2,128    17




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##### Table of Contents



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


Nine Months EndedSeptember 30,


September 30,2007


2006


2007


2006(In millions)Fixed maturity securities

$
(82
)

$
(80
)

$
(245
)

$
(389
)Equity securities


8



1



6



9Mortgage and consumer loans


1



(9
)


1



(2
)Real estate and real estate joint ventures






5



1



65Other limited partnership interests


(4
)


(1
)


(17
)


(2
)Derivatives


115



62



149



111Other


(128
)


(25
)


(186
)


(170
)Net investment gains (losses)

$
(90
)

$
(47
)

$
(291
)

$
(378
)       Variable
    Interest Entities
    September 30, 2007Not Primary BeneficiaryMaximumTotal


Exposure toAssets(1)


Loss(2)(In millions)Asset-backed securitizations

$
986


$
93Real estate joint ventures(3)


851



44Other limited partnership interests(4)


1,425



251Trust preferred securities(5)


19,860



510Other investments(6)


1,600



79Total

$
24,722


$
977     (1)
    
    The assets of the asset-backed securitizations are reflected at
    fair value at September 30, 2007. The assets of the real
    estate joint ventures, other limited partnership interests,
    trust preferred securities and other investments are reflected
    at the carrying amounts at which such assets would have been
    reflected on the Companys 18




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  consolidated balance sheet had the Company consolidated the VIE
    from the date of its initial investment in the entity.(2)
    
    The maximum exposure to loss relating to the asset-backed
    securitizations is equal to the carrying amounts of
    participation. The maximum exposure to loss relating to real
    estate joint ventures, other limited partnership interests,
    trust preferred securities and other investments is equal to the
    carrying amounts plus any unfunded commitments, reduced by
    amounts guaranteed by other partners.(3)
    
    Real estate joint ventures include partnerships and other
    ventures which engage in the acquisition, development,
    management and disposal of real estate investments.(4)
    
    Other limited partnership interests include partnerships
    established for the purpose of investing in public and private
    debt and equity securities.(5)
    
    Trust preferred securities are complex, uniquely structured
    investments which contain features of both equity and debt, may
    have an extended or no stated maturity, and may be callable at
    the issuers option after a defined period of time.(6)
    
    Other investments include securities that are not trust
    preferred securities or asset-backed securitizations.  3.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    September 30, 2007


December 31, 2006Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
11,351


$
331


$
66


$
8,841


$
431


$
70Interest rate floors


12,071



113







9,021



71



Interest rate caps


8,715



1







6,715



6



Financial futures


1,121



4



3



602



6



1Foreign currency swaps


3,714



763



89



2,723



580



66Foreign currency forwards


161







4



124



1



Options






62



3







80



7Financial forwards


900



11



5



900







15Credit default swaps


1,023



1



3



1,231



1



5Total

$
39,056


$
1,286


$
173


$
30,157


$
1,176


$
164      19




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Hedging
    September 30, 2007


December 31, 2006Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
651


$
22


$
1


$
69


$



$
1Cash flow


486



72



4



455



42



Non-qualifying


37,919



1,192



168



29,633



1,134



163Total

$
39,056


$
1,286


$
173


$
30,157


$
1,176


$
164     Three Months Ended


Nine Months EndedSeptember 30,


September 30,2007


2006


2007


2006(In millions)Qualifying hedges:Interest credited to policyholder account balances

$
(2
)

$
(2
)

$
(5
)

$
(7
)Non-qualifying hedges:Net investment gains (losses)


23



21



58



49Total

$
21


$
19


$
53


$
42   Fair
    Value Hedges
      Three Months Ended September 30,


Nine Months Ended September 30,2007


2006


2007


2006(In millions)Changes in the fair value of derivatives

$
22


$
(2
)

$
22


$
(1
)Changes in the fair value of the items hedged


(19
)






(24
)


1Net ineffectiveness of fair value hedging activities

$
3


$
(2
)

$
(2
)

$
     Cash
    Flow Hedges
   20




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##### Table of Contents



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


Nine Months Ended


Three Months Ended


Nine Months EndedSeptember 30, 2007


September 30, 2007


September 30, 2006


September 30, 2006(In millions)Other comprehensive income (loss) balance at the beginning of
    the period

$
(11
)

$
(9
)

$
(3
)

$
(2
)Gains (losses) deferred in other comprehensive income (loss) on
    the effective portion of cash flow hedges






(3
)


(5
)


(6
)Amounts reclassified to net investment gains (losses)


(1
)










Other comprehensive income (loss) balance at the end of the
    period

$
(12
)

$
(12
)

$
(8
)

$
(8
)   Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
      Three Months Ended

Nine Months EndedSeptember 30,

September 30,2007

2006

2007

2006Net investment gains (losses), excluding embedded derivatives

$
109


$
(4
)

$
88


$
5  21




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##### Table of Contents



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

December 31,2007

2006Embedded derivative assets

$
3


$
15Embedded derivative liabilities

$



$
3     Three Months Ended

Nine Months EndedSeptember 30,

September 30,2007

2006

2007

2006Net investment gains (losses)

$
(16
)

$
22


$
10


$
52   Credit
    Risk
          4.
    Short-term
    Debt  Affiliated   22




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  5.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
      Macomber, et al. v. Travelers Property Casualty Corp., et al.
    (Conn. Super. Ct., Hartford, filed April 7, 1999).
   23




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##### Table of Contents



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
   24




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Guarantees
          6.
    Equity  Dividend
    Restrictions
   25




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##### Table of Contents



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


Nine Months EndedSeptember 30,


September 30,2007


2006


2007


2006(In millions)Net income

$
154


$
207


$
497


$
525Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax


(1
)


(3
)


(2
)


(4
)Unrealized investment gains (losses), net of related offsets and
    income tax


175



781



(179
)


11Foreign currency translation adjustment, net of income tax


16



(6
)


22



(4
)Other comprehensive income (loss)


190



772



(159
)


3Comprehensive income

$
344


$
979


$
338


$
528   7.
    Other
    Expenses    Three Months Ended


Nine Months EndedSeptember 30,


September 30,2007


2006


2007


2006(In millions)Compensation

$
14


$
26


$
45


$
87Commissions


203



156



570



547Interest and debt issue cost


8



8



25



23Amortization of DAC and VOBA


149



143



481



337Capitalization of DAC


(216
)


(156
)


(587
)


(552
)Rent, net of sublease income


2



2



4



8Minority interest






(2
)






28Insurance tax


12



9



34



31Other


155



84



435



323Total other expenses

$
327


$
270


$
1,007


$
832  26




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  8.
    Business
    Segment Information    start-up
      Corporate &For the Three Months Ended September 30, 2007

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
74


$
12


$
6


$
92Universal life and investment-type product policy fees


338



12



1



351Net investment income


266



391



62



719Other revenues


61



3







64Net investment gains (losses)


24



(106
)


(8
)


(90
)Policyholder benefits and claims


116



135



5



256Interest credited to policyholder account balances


165



162







327Other expenses


287



16



24



327Income (loss) from continuing operations before provision for
    income tax


195



(1
)


32



226Provision (benefit) for income tax


70







2



72Income (loss) from continuing operations


125



(1
)


30



154Income from discontinued operations, net of income tax














Net income (loss)

$
125


$
(1
)

$
30


$
154   27




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Corporate &For the Three Months Ended September 30, 2006

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
49


$
10


$
6


$
65Universal life and investment-type product policy fees


322



5







327Net investment income


237



344



81



662Other revenues


48



2







50Net investment gains (losses)


18



(41
)


(24
)


(47
)Policyholder benefits and claims


51



102



4



157Interest credited to policyholder account balances


180



163







343Other expenses


262



3



5



270Income (loss) from continuing operations before provision for
    income tax


181



52



54



287Provision (benefit) for income tax


65



18



(3
)


80Income (loss) from continuing operations


116



34



57



207Income from discontinued operations, net of income tax














Net income (loss)

$
116


$
34


$
57


$
207   Corporate &For the Nine Months Ended September 30, 2007

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
221


$
24


$
18


$
263Universal life and investment-type product policy fees


1,001



31



1



1,033Net investment income


813



1,130



240



2,183Other revenues


178



10







188Net investment gains (losses)


(43
)


(233
)


(15
)


(291
)Policyholder benefits and claims


330



370



22



722Interest credited to policyholder account balances


484



484



1



969Other expenses


921



38



48



1,007Income (loss) from continuing operations before provision for
    income tax


435



70



173



678Provision (benefit) for income tax


154



25



6



185Income (loss) from continuing operations


281



45



167



493Income from discontinued operations, net of income tax






4







4Net income (loss)

$
281


$
49


$
167


$
497   28




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##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
  Corporate &For the Nine Months Ended September 30, 2006

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
151


$
51


$
18


$
220Universal life and investment-type product policy fees


994



17







1,011Net investment income


739



1,085



304



2,128Other revenues


143



6



1



150Net investment gains (losses)


(140
)


(201
)


(37
)


(378
)Policyholder benefits and claims


234



326



19



579Interest credited to policyholder account balances


502



483







985Other expenses


758



10



64



832Income (loss) from continuing operations before provision for
    income tax


393



139



203



735Provision (benefit) for income tax


139



48



23



210Income (loss) from continuing operations


254



91



180



525Income from discontinued operations, net of income tax














Net income (loss)

$
254


$
91


$
180


$
525     September 30,


December 31,2007


2006(In millions)Individual

$
82,769


$
76,897Institutional


36,499



35,982Corporate & Other


11,660



11,208Total

$
130,928


$
124,087       9.
    Discontinued
    Operations  Real
    Estate
   29




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned Subsidiary of MetLife, Inc.)Notes to Interim Condensed Consolidated Financial Statements
    (Unaudited)  (Continued)
      10.
    Related
    Party Transactions          Regulation A-XXX
 30




---



##### Table of Contents



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

Nine Months EndedSeptember 30,

September 30,2007

2006

2007

2006(In millions)Assumed premiums

$
3

$
5

$
12

$
16Assumed fees, included in universal life and investment-type
    product policy fees

$
27

$
45

$
90

$
137Assumed benefits, included in policyholder benefits and claims

$
4

$
7

$
13

$
24Assumed benefits, included in interest credited to policyholder
    account balances

$
13

$
12

$
40

$
36Assumed acquisition costs, included in other expenses

$
5

$
14

$
30

$
45Ceded premiums

$
9

$
5

$
23

$
15Ceded fees, included in universal life and investment-type
    product policy fees

$
57

$
45

$
158

$
110Interest earned on ceded reinsurance, included in other revenues

$
22

$
17

$
65

$
50Ceded benefits, included in policyholder benefits and claims

$
34

$
25

$
83

$
66Interest costs on ceded reinsurance, included in other expenses

$
15

$
27

$
43

$
42      31




---



##### Table of Contents



Item 2.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-Q. Form 10-K
    and/or
    Business
   32




---



##### Table of Contents



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 investments;(iv)
    application of the consolidation rules to certain investments;(v)
    the fair value of and accounting for derivatives;(vi)
    the capitalization and amortization of DAC and the establishment
    and amortization of VOBA;(vii)
    the measurement of goodwill and related impairment, if any;(viii)
    the liability for future policyholder benefits;(ix)
    accounting for income taxes and the valuation of deferred income
    tax assets;(x)
    accounting for reinsurance transactions; and(xi)
    the liability for litigation and regulatory matters.   33




---



##### Table of Contents



Results
    of Operations
  Discussion
    of Results
    Nine Months EndedSeptember 30,2007


2006(In millions)RevenuesPremiums

$
263


$
220Universal life and investment-type product policy fees


1,033



1,011Net investment income


2,183



2,128Other revenues


188



150Net investment gains (losses)


(291
)


(378
)Total revenues


3,376



3,131ExpensesPolicyholder benefits and claims


722



579Interest credited to policyholder account balances


969



985Other expenses


1,007



832Total expenses


2,698



2,396Income from continuing operations before provision for income tax


678



735Provision for income tax


185



210Income from continuing operations


493



525Income from discontinued operations, net of income tax


4



Net income

$
497


$
525   Income
    from Continuing Operations
        
    Higher DAC amortization of $94 million, net of income tax,
    primarily resulting from growth in the business, lower net
    investment losses in the current year and revisions to
    managements assumptions used to determine estimated gross
    profits and margins.
    Higher expenses of $38 million, net of income tax. Higher
    general expenses, including the
    start-up of
    the Companys operations in Ireland and the impact of
    revisions to certain liabilities in both periods, contributed to
    the increase in other expenses.
    An increase in affiliated reinsurance activity primarily from
    universal life treaties of $30 million, net of income tax.
    Higher policyholder benefits due to growth in deferred annuities
    of $16 million, net of income tax. 34




---



##### Table of Contents




    Unfavorable underwriting results of $16 million, net of
    income tax. Management attributed the unfavorable underwriting
    results primarily to the retirement & savings business
    and life products of $13 million and $8 million, both
    net of income tax, respectively, partially offset by favorable
    underwriting results of $4 million, net of income tax, in
    the non-medical health & other business. 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.
    A decline in interest margins of $13 million, net of income
    tax. Management attributed this decrease primarily to decreases
    in the deferred annuity and group life businesses of
    $23 million and $8 million, both net of income tax,
    respectively, partially offset by increases in other
    investment-type products and the retirement & savings
    business of $12 million and $5 million, both net of
    income tax, respectively. 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.
    An increase in interest credited to policyholder account
    balances of $3 million, net of income tax, due primarily to
    lower amortization of the excess interest liabilities on
    acquired annuity and universal life blocks of business primarily
    driven by lower lapses in the current year.    
    Higher universal life and investment-type product policy fees of
    $63 million, net of income tax, primarily related to fees
    being earned on higher average account balances.
    Higher net investment income on blocks of business not driven by
    interest margins of $47 million, net of income tax.    Revenues
       35




---



##### Table of Contents



Expenses
        05-1, Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts (SOP 05-1) start-up
  Insurance
    Regulations
   36




---



##### Table of Contents



Adoption
    of New Accounting Pronouncements
  Income
    Taxes
  Accounting for Uncertainty in
    Income Taxes  An Interpretation of FASB Statement
    No. 109
   37




---



##### Table of Contents



Unrecognized Tax BenefitsTotal Unrecognized


That, If Recognized WouldTax Benefits


Affect The Effective Tax Rate(In millions)Balance at January 1, 2007 (date of adoption)

$
64


$
5Reductions for tax positions of prior years


(5
)


(5
)Additions for tax positions of current year


4



1Reductions for tax positions of current year


(6
)


(1
)Balance at September 30, 2007

$
57


$
     2007-61, 2007-61
  Insurance
    Contracts
  SOP 05-1. SOP 05-1 Accounting and Reporting by Insurance Enterprises for Certain
    Long-Duration Contracts and for Realized Gains and Losses from
    the Sale of Investments. SOP 05-1
 38




---



##### Table of Contents



SOP 05-1 SOP 05-1. SOP 05-1.
  SOP 05-1
  SOP 05-1 SOP 05-1, SOP 05-1,
  Other
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement
    No. 140
  Future
    Adoption of New Accounting Pronouncements
  SOP 07-1, Clarification of the Scope of the Audit and Accounting Guide
    Investment Companies and Accounting by Parent Companies and
    Equity Method Investors for Investments in Investment
    Companies (SOP 07-1). SOP 07-1, FIN 46(r)-7, Application of FASB Interpretation No. 46 to Investment
    Companies FIN 46(r)-7), Consolidation of
    Variable Interest Entities  An Interpretation of
    Accounting Research Bulletin No. 51, SOP 07-1 Investment
    Companies SOP 07-1 SOP 07-1 SOP 07-1 FIN 46(r)-7 SOP 07-1. SOP 07-1 FIN 46(r)-7
  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
 39




---



##### Table of Contents



FSP 39-1, FSP 39-1
  The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  Fair Value Measurements Accounting for
    Derivative Instruments and Hedging Activities and/or
  Item 4.
    Controls
    and Procedures  Rule 15d-15(e)
  Rule 13a-15(f)
  Part II 
    Other Information
  Item 1.
    Legal
    Proceedings  Form 10-Q Form 10-Q
   40




---



##### Table of Contents



Item 1A.
    Risk
    Factors    Litigation
    and Regulatory Investigations Are Increasingly Common in Our
    Businesses and May Result in Significant Financial Losses and
    Harm to Our Reputation
           41




---



##### Table of Contents



Item 6.
    Exhibits  31.1


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  42




---



##### Table of Contents



Signatures
     METLIFE
    INSURANCE COMPANY OF CONNECTICUT
  By:
    /s/  Joseph
    J. Prochaska, Jr.   Title:
    Executive Vice-President and Chief Accounting Officer    43




---



##### Table of Contents



Exhibit Index
  ExhibitNumber

Exhibit Name31
.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