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UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
      Form 10-K
  (Mark One)þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)  OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended
    December 31, 2006oro

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)
  Securities
    registered pursuant to Section 12(b) of the Act: None
  Securities registered pursuant to Section 12(g) of the
    Act: None
  o þ
  o þ
  þ o
  Regulation S-K Form 10-K Form 10-K. þ
  Rule 12b-2
 o o þ
  Rule 12b-2 o þ
    REDUCED
    DISCLOSURE FORMAT
  The registrant meets the conditions set forth in General
    Instruction I(1)(a) and (b) of
    Form 10-K
    and is therefore filing this Form with the reduced disclosure
    format.
  DOCUMENTS
    INCORPORATED BY REFERENCE: NONE




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##### 



TABLE OF
    CONTENTS
  PageNumberPART IItem 1.


Business


4Item 1A.


Risk
    Factors


13Item 1B.


Unresolved Staff
    Comments


24Item 2.


Properties


24Item 3.


Legal
    Proceedings


24Item 4.


Submission of
    Matters to a Vote of Security Holders


26PART IIItem 5.


Market for
    Registrants Common Equity, Related Stockholder Matters and
    Issuer Purchases of Equity Securities


27Item 6.


Selected Financial
    Data


28Item 7.


Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations


28Item 7A.


Quantitative and
    Qualitative Disclosures About Market Risk


45Item 8.


Financial
    Statements and Supplementary Data


50Item 9.


Changes in and
    Disagreements With Accountants on Accounting and Financial
    Disclosure


51Item 9A.


Controls and
    Procedures


51Item 9B.


Other
    Information


51PART IIIItem 10.


Directors and
    Executive Officers of the Registrant


52Item 11.


Executive
    Compensation


52Item 12.


Security Ownership
    of Certain Beneficial Owners and Management and Related
    Stockholder Matters


52Item 13.


Certain
    Relationships and Related Transactions


52Item 14.


Principal
    Accountant Fees and Services


52PART IVItem 15.


Exhibits and
    Financial Statement Schedules


54SIGNATURES


55EXHIBIT
    INDEX


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




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




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PART I  Item 1.
    Business  Form 10-K,
    MLI-USA
  MLI-USA Form 10-K
    start-up
  Individual
   4




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Insurance
    Products
    Variable Life. policyholder
  Universal Life.
  Whole Life.
  Term Life.
  Annuities
    and Investment Products
    Variable Annuities.
 5




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Fixed Annuities. and/or
  Mutual Funds and Securities.
  Marketing
    and Distribution
        Institutional
       6




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Marketing
    and Distribution
        Corporate &
    Other
  start-up
  Policyholder
    Liabilities
      
    guaranteed renewable term life;
    non-participating whole life;
    individual disability;
    group life and disability; and
    long-term care contracts.      05-1, Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection With Modifications or Exchanges of Insurance
    Contracts.
   7




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Underwriting
    and Pricing
       8




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Reinsurance
    Activity
             9




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Regulation
  Insurance
    Regulation
          Guaranty Associations and Similar
    Arrangements.
    Statutory Insurance Examination.
 10




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Policy and Contract Reserve Sufficiency
    Analysis.
  Surplus and Capital.
  Risk-Based Capital (RBC).
      Regulation of Investments.
  Federal Initiatives.
  Legislative Developments.
 11




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Broker-Dealer
    and Securities Regulation
  sub-accounts,
      Company
    Ratings
    Insurer
    Financial Strength Ratings
  MoodysA.M. Best


Fitch Ratings


Investors


Standard &Company(1)


(2)


Service(3)


Poors(4)MetLife Insurance Company of
    Connecticut


A+



AA



Aa2



AAMetLife Investors USA Insurance
    Company


A+



AA



Aa2



AAMetLife Life and Annuity Company
    of Connecticut


A+



AA



Aa2



AA     (1)
    
    A.M. Best Company insurer financial strength ratings range
    from A++ (superior) to F (in
    liquidation). A rating of A+ is in the
    superior category.(2)
    
    Fitch Ratings insurer financial strength ratings range from
    AAA (exceptionally strong) to D
    (distressed). A + or − may
    be appended to ratings from AA to CCC to
    indicate relative position within a category. A rating of
    AA is in the very strong category.(3)
    
    Moodys Investors Service (Moodys)
    long-term insurer financial strength ratings range from
    Aaa (exceptional) to C (extremely poor).
    A numeric modifier may be appended to ratings from
    Aa to Caa to indicate relative position
    within a category, with 1 being the highest and 3 being the
    lowest. A rating of Aa2 is in the
    excellent category.Moodys short-term insurer financial strength rating is
    P-1 (stable
    outlook). Such short-term insurer financial strength ratings
    range from
    P-1
    (Superior) to NP (not prime).(4)
    
    Standard & Poors long-term insurer financial
    strength ratings range from AAA (extremely strong)
    to R (regulatory action). A + or
    − may be appended to ratings from
    AA to CCC to indicate relative position
    within a category. A rating of AA is in the
    very strong category. 12




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Rating
    Stability Indicators
        Item 1A.
    Risk
    Factors  Changes
    in Market Interest Rates May Significantly Affect Our
    Profitability
       13




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Industry
    Trends Could Adversely Affect the Profitability of Our
    Businesses
    Financial Environment.
  Competitive Pressures.
  Regulatory Changes.
  A
    Decline in Equity Markets or an Increase in Volatility in Equity
    Markets May Adversely Affect Sales of Our Investment Products
    and Our Profitability
       14




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The
    Performance of Our Investments Depends on Conditions that Are
    Outside Our Control, and Our Net Investment Income Can Vary from
    Period to Period
      Competitive
    Factors May Adversely Affect Our Market Share and
    Profitability
  e-business consumers,
      We May
    be Unable to Attract and Retain Sales Representatives for Our
    Products
   15




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Differences
    Between Actual Claims Experience and Underwriting and Reserving
    Assumptions May Adversely Affect Our Financial
    Results
      MetLifes
    Risk Management Policies and Procedures May Leave Us Exposed to
    Unidentified or
    Unanticipated Risk, Which Could Negatively Affect Our
    Business
  accessible. up-to-date
  Catastrophes
    May Adversely Impact Liabilities for Policyholder Claims and
    Reinsurance Availability
     16




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A
    Downgrade or a Potential Downgrade in Our Financial Strength or
    that of MetLifes Other Insurance Subsidiaries, or
    MetLifes Credit Ratings Could Result in a Loss of Business
    and Adversely Affect Our Financial Condition and Results of
    Operations
      
    reducing new sales of insurance products, annuities and other
    investment products;
    adversely affecting our relationships with our sales force and
    independent sales intermediaries;
    materially increasing the number or amount of policy surrenders
    and withdrawals by contractholders and policyholders;
    requiring us to reduce prices for many of our products and
    services to remain competitive;
    adversely affecting our ability to obtain reinsurance at
    reasonable prices or at all; and
    adversely affecting our relationships with credit counterparties.    If Our
    Business Does Not Perform Well or if Actual Experience Versus
    Estimates Used in Valuing and Amortizing DAC and VOBA Vary
    Significantly, We May Be Required to Accelerate the Amortization
    and/or
    Impair the DAC and VOBA Which Could Adversely Affect Our Results
    of Operations or Financial Condition
   17




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If Our
    Business Does Not Perform Well, We May Be Required to Establish
    a Valuation Allowance Against the Deferred Income Tax Asset or
    to Recognize an Impairment of Our Goodwill, Established at the
    Acquisition, Which Could Adversely Affect Our Results of
    Operations or Financial Condition
    step-up
    Defaults,
    Downgrades or Other Events Impairing the Value of Our Fixed
    Maturity Securities Portfolio May Reduce Our
    Earnings
    Defaults
    on Our Mortgage and Consumer Loans May Adversely Affect Our
    Profitability
   18




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Some
    of Our Investments Are Relatively Illiquid
    Fluctuations
    in Foreign Currency Exchange Rates and Foreign Securities
    Markets Could Negatively Affect Our Profitability
  non-U.S. dollar non-U.S. dollar
  Reinsurance
    May Not Be Available, Affordable or Adequate to Protect Us
    Against Losses
    If the
    Counterparties to Our Reinsurance or Indemnification
    Arrangements or to the Derivative Instruments We Use to Hedge
    Our Business Risks Default or Fail to Perform, We May Be Exposed
    to Risks We Had Sought to Mitigate, Which Could Materially
    Adversely Affect Our Financial Condition and Results of
    Operations
     19




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Our
    Insurance Businesses Are Heavily Regulated, and Changes in
    Regulation May Reduce Our Profitability and Limit Our
    Growth
      
    licensing companies and agents to transact business;
    calculating the value of assets to determine compliance with
    statutory requirements;
    mandating certain insurance benefits;
    regulating certain premium rates;
    reviewing and approving policy forms;
    regulating unfair trade and claims practices, including through
    the imposition of restrictions on marketing and sales practices,
    distribution arrangements and payment of inducements;
    regulating advertising;
    protecting privacy;
    establishing statutory capital and reserve requirements and
    solvency standards;
    fixing maximum interest rates on insurance policy loans and
    minimum rates for guaranteed crediting rates on life insurance
    policies and annuity contracts;
    approving changes in control of insurance companies;
    restricting the payment of dividends and other transactions
    between affiliates; and
    regulating the types, amounts and valuation of investments.      and/or
 20




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Litigation
    and Regulatory Investigations Are Increasingly Common in the
    Insurance Business and May Result in Significant Financial
    Losses and Harm to Our Reputation
         21




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commissions
      Macomber, et al. v. Travelers Property Casualty Corp.,
    et al. (Conn. Super. Ct., Hartford, filed April 7,
    1999).
     22




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Changes
    in Accounting Standards Issued by the Financial Accounting
    Standards Board or Other Standard-Setting Bodies May Adversely
    Affect Our Financial Statements
  and/or
  Changes
    in U.S. Federal and State Securities Laws and Regulations
    May Affect Our Operations and Our Profitability
  sub-accounts,
    Changes
    in Tax Laws Could Make Some of Our Products Less Attractive to
    Consumers
     23




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The
    Continued Threat of Terrorism and Ongoing Military Actions May
    Adversely Affect the Level of Claim Losses We Incur and the
    Value of Our Investment Portfolio
    The
    Occurrence of Events Unanticipated In MetLifes Disaster
    Recovery Systems and Management
    Continuity Planning Could Impair Our Ability to Conduct Business
    Effectively
    Item 1B.
    Unresolved
    Staff Comments    Item 2.
    Properties        Item 3.
    Legal
    Proceedings  and/or
 24




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Macomber, et al. v. Travelers Property Casualty Corp.,
    et al. (Conn. Super. Ct., Hartford, filed April 7,
    1999).
       25




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Item 4.
    Submission
    of Matters to a Vote of Security Holders  Form 10-K.
 26




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PART II  Item 5.
    Market
    for Registrants Common Equity, Related Stockholder Matters
    and Issuer Purchases of Equity Securities      2006


2007Permitted w/o


Permitted w/oCompany

Paid(1)


Approval(2)


Approval(3)(In millions)MetLife Insurance Company of
    Connecticut

$
917
(4)

$



$
690     (1)
    
    Includes amounts paid including those requiring regulatory
    approval.(2)
    
    Reflects dividend amounts paid during the relevant year without
    prior regulatory approval.(3)
    
    Reflects dividend amounts that may be paid during 2007 without
    prior regulatory approval. If paid before a specified date
    during 2007, some or all of such dividend amounts may require
    regulatory approval.(4)
    
    Includes a return of capital of $259 million.       27




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Item 6.
    Selected
    Financial Data  Form 10-K.
  Item 7.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-K.
       28




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Acquisition
    of MetLife Insurance Company of Connecticut by MetLife, Inc.
    from Citigroup Inc. and Combination of MetLife Investors USA
    Insurance Company
    MLI-USA, MLI-USA.
  MLI-USA Form 10-K
    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)
    the 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. 29




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Investments
    available-for-sale,
  available-for-sale other-than-temporary case-by-case
      (i)
    the length of time and the extent to which the market value has
    been below cost or amortized cost;(ii)
    the potential for impairments of securities when the issuer is
    experiencing significant financial difficulties;(iii)
    the potential for impairments in an entire industry sector or
    sub-sector;(iv)
    the potential for impairments in certain economically depressed
    geographic locations;(v)
    the potential for impairments of securities where the issuer,
    series of issuers or industry has suffered a catastrophic type
    of loss or has exhausted natural resources; 30




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(vi)
    the Companys ability and intent to hold the security for a
    period of time sufficient to allow for the recovery of its value
    to an amount equal to or greater than cost or amortized cost;(vii)
    unfavorable changes in forecasted cash flows on asset-backed
    securities; and(viii)
    other subjective factors, including concentrations and
    information obtained from regulators and rating agencies.  other-than-temporary
      Consolidation of Variable Interest Entities  An
    Interpretation of ARB No. 51
    Derivative
    Financial Instruments
       31




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Deferred
    Policy Acquisition Costs and Value of Business
    Acquired
           32




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Years Ended December 31,2006


2005(In millions)Investment return

$
77


$
19Expense


13



1In-force/Persistency


8



(12
)Other


(67
)


(29
)Total

$
31


$
(21
)     Goodwill
    Liability
    for Future Policy Benefits
   33




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Income
    Taxes
     34




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(i)
    future taxable income exclusive of reversing temporary
    differences and carryforwards;(ii)
    future reversals of existing taxable temporary differences;(iii)
    taxable income in prior carryback years; and  (iv)
    tax planning strategies.    Reinsurance
    Litigation
    Contingencies
    Economic
    Capital
   35




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Financial
    Condition
  Business Combinations, Goodwill and Other Intangible
    Assets,
      Discussion
    of Results
    Years Ended December 31,2006


2005RevenuesPremiums

$
308


$
281Universal life and investment-type
    product policy fees


1,268



862Net investment income


2,839



1,438Other revenues


212



132Net investment gains (losses)


(521
)


(198
)Total revenues


4,106



2,515ExpensesPolicyholder benefits and claims


792



570Interest credited to policyholder
    account balances


1,316



720Other expenses


1,173



678Total expenses


3,281



1,968Income before provision for income
    tax


825



547Provision for income tax


228



156Net income

$
597


$
391   Net
    Income
     36




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start-up
  mark-to-market
 37




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Total
    Revenues
         38




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Total
    Expenses
        start-up
 39




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Subsequent
    Events
      Off-Balance
    Sheet Arrangements
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities
    Lease
    Commitments
    Other
    Commitments
   40




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Guarantees
          Collateral
    for Securities Lending
    Insolvency
    Assessments
   41




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December 31,2006


2005(In millions)Other Assets:Premium tax offset for future
    undiscounted assessments

$
9


$
9Premium tax offsets currently
    available for paid assessments


1



2$
10


$
11Liability:Insolvency assessments

$
19


$
19     Effects
    of Inflation
    Adoption
    of New Accounting Pronouncements
  Derivative
    Financial Instruments
    
    Effective January 1, 2006, the Company adopted
    prospectively SFAS No. 155, Accounting for Certain
    Hybrid Instruments(SFAS 155).
    SFAS 155 amends SFAS No. 133, Accounting for
    Derivative Instruments and Hedging
    (SFAS 133) and SFAS No. 140,
    Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities(SFAS 140). SFAS 155 allows financial
    instruments that have embedded derivatives to be accounted for
    as a whole, eliminating the need to bifurcate the derivative
    from its host, if the holder elects to account for the whole
    instrument on a fair value basis. In addition, among other
    changes, SFAS 155:  (i)
    clarifies which interest-only strips and principal-only strips
    are not subject to the requirements of SFAS 133;(ii)
    establishes a requirement to evaluate interests in securitized
    financial assets to identify interests that are freestanding
    derivatives or that are hybrid financial instruments that
    contain an embedded derivative requiring bifurcation;(iii)
    clarifies that concentrations of credit risk in the form of
    subordination are not embedded derivatives; and(iv)
    amends SFAS 140 to eliminate the prohibition on a
    qualifying special-purpose entity (QSPE) from
    holding a derivative financial instrument that pertains to a
    beneficial interest other than another derivative financial
    interest.    
    Effective October 1, 2006, the Company adopted
    SFAS 133 Implementation Issue No. B40, Embedded
    Derivatives: Application of Paragraph 13(b) to Securitized
    Interests in Prepayable Financial Assets(Issue
    B40). Issue B40 clarifies that a securitized interest in
    prepayable financial assets is not subject to the conditions in
    paragraph 13(b) of SFAS 133, if it meets both of the
    following criteria: (i) the right to accelerate the
    settlement if the securitized interest cannot be controlled by
    the investor; and (ii) the securitized interest itself does
    not contain an embedded derivative (including an interest
    rate-related derivative) for which bifurcation would be required
    other than an embedded derivative that results solely from the
    embedded call 42




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options in the underlying financial assets. The adoption of
    Issue B40 did not have a material impact on the Companys
    consolidated financial statements.  
    Effective January 1, 2006, the Company adopted
    prospectively SFAS 133 Implementation Issue No. B38,
    Embedded Derivatives: Evaluation of Net Settlement with
    Respect to the Settlement of a Debt Instrument through Exercise
    of an Embedded Put Option or Call Option(Issue
    B38) and SFAS 133 Implementation Issue No. B39,
    Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
    (Issue B39). Issue B38 clarifies that the potential
    settlement of a debtors obligation to a creditor occurring
    upon exercise of a put or call option meets the net settlement
    criteria of SFAS 133. Issue B39 clarifies that an embedded
    call option, in which the underlying is an interest rate or
    interest rate index, that can accelerate the settlement of a
    debt host financial instrument should not be bifurcated and fair
    valued if the right to accelerate the settlement can be
    exercised only by the debtor (issuer/borrower) and the investor
    will recover substantially all of its initial net investment.
    The adoption of Issues B38 and B39 did not have a material
    impact on the Companys consolidated financial statements.  Other
    Pronouncements
  Considering the Effects of Prior Year
    Misstatements when Quantifying Misstatements in Current Year
    Financial Statements
  Accounting Changes and Error
    Corrections, a replacement of APB Opinion No. 20 and FASB
    Statement No. 3
  No. 04-5, Determining Whether a General Partner, or the General
    Partners as a Group, Controls a Limited Partnership or Similar
    Entity When the Limited Partners Have Certain Rights (EITF 04-5). EITF 04-5 EITF 04-5 EITF 04-5 EITF 04-5
  No. FAS 140-2, Clarification of the Application of Paragraphs 40(b) and
    40(c) of FAS 140 140-2). FSP 140-2 140-2, 140-2
 43




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Exchanges of Nonmonetary Assets, an
    amendment of APB Opinion No. 29
  No. 03-1, The Meaning of
    Other-Than-Temporary
    Impairment and Its Application to Certain Investments 03-1). 03-1 other-than-temporary EITF 03-1 available-for-sale held-to-maturity Accounting for Certain
    Investments in Debt and Equity Securities, other-than-temporary other-than-temporary FAS 115-1 FAS 124-1, The Meaning of
    Other-Than-Temporary
    Impairment and its Application to Certain Investments 115-1), other-than-temporarily 03-1. 115-1,
  No. 03-16, Accounting for Investments in Limited Liability Companies 03-16). 03-16 EITF 03-16
  03-1, Accounting and Reporting by Insurance Enterprises for Certain
    Nontraditional Long Duration Contracts and for Separate (SOP 03-1), No. 97-1, Situations in Which Paragraphs 17(b) and 20 of FASB
    Statement No. 97, Accounting and Reporting by Insurance
    Enterprises for Certain Long-Duration Contracts and for Realized
    Gains and Losses from the Sale of Investments, Permit or Require
    Accrual of an Unearned Revenue Liability 97-1). SOP 03-1 SOP 03-1, SOP 03-1
  Future
    Adoption of New Accounting Pronouncements
  The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
 44




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Fair Value Measurements
  Accounting for
    Uncertainty in Income Taxes  an interpretation of
    FASB Statement No. 109
  Accounting for Servicing of Financial Assets  an
    amendment of FASB Statement No. 140
  SOP 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
  Item 7A.
    Quantitative
    and Qualitative Disclosures About Market Risk   45




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Market
    Risk Exposures
    Interest Rates.
  Equity Market Prices.
  Foreign Currency Exchange Rates. non-U.S. dollar
  Risk
    Management
  Corporate Risk Management.
    
    implementing a board of directors-approved corporate risk
    framework, which outlines MetLifes approach for managing
    risk on an enterprise-wide basis; 46




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
    developing policies and procedures for managing, measuring and
    monitoring those risks identified in the corporate risk
    framework;
    establishing appropriate corporate risk tolerance levels;
    deploying capital on an economic capital basis; and
    reporting on a periodic basis to the Governance Committee of
    MetLifes board of directors and various financial and
    non-financial senior management committees.  Asset/Liability Management. day-to-day
       47




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Hedging Activities.
  Risk
    Measurement: Sensitivity Analysis
    Fair Values.
  
    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.  Earnings and Cash Flows.
  
    the reinvestment of fixed maturity securities;
    the reinvestment of payments and prepayments of principal
    related to mortgage-backed securities;    
    the re-estimation of prepayment rates on mortgage-backed
    securities for each 10% change (increase or decrease) in
    interest rates; and
    the expected turnover (sales) of fixed maturity and equity
    securities, including the reinvestment of the resulting proceeds.    
    the market risk information is limited by the assumptions and
    parameters established in creating the related sensitivity
    analysis, including the impact of prepayment rates on mortgages;
    for derivatives that qualify as hedges, the impact on reported
    earnings may be materially different from the change in market
    values; 48




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##### Table of Contents




    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.      non-trading
  December 31, 2006(In millions)Interest rate risk

$
742Equity price risk

$
3Foreign currency exchange rate risk

$
94   non-trading
  December 31, 2006Assuming a 10%Notional


Estimated


increase in theAmount


Fair Value


yield curve(In millions)AssetsFixed maturity securities





$
47,846


$
(1,018
)Equity securities





$
795



Mortgage and consumer loans





$
3,547



(56
)Policy loans





$
918



(17
)Short-term investments





$
777



(1
)Cash and cash equivalents





$
649



Mortgage loan commitments

$
665


$
1



(3
)Commitments to fund bank credit
    facilities

$
173


$




Total assets









$
(1,095
)LiabilitiesPolicyholder account balances





$
28,028


$
342Long-term debt 
    affiliated





$
425



29Payables for collateral under
    securities loaned and other transactions





$
9,155



Total liabilities









$
371OtherDerivative instruments (designated
    hedges or otherwise)Interest rate swaps

$
8,841


$
361


$
8Interest rate floors

$
9,021


$
71



(23
)Interest rate caps

$
6,715


$
6



17Financial futures

$
602


$
5



14Foreign currency swaps

$
2,723


$
514



(26
)Foreign currency forwards

$
124


$
1



Options

$



$
73



(8
)Financial forwards

$
900


$
(15
)


Credit default swaps

$
1,231


$
(4
)


Total other










(18
)Net change









$
(742
)  49




---



##### 



Item 8.
    Financial
    Statements and Supplementary Data  INDEX TO
    CONSOLIDATED FINANCIAL STATEMENTS AND SCHEDULES
  PageReport of
    Independent Registered Public Accounting Firm


F-1Financial Statements at
    December 31, 2006 and 2005 and for the years ended
    December 31, 2006  2005 and 2004:Consolidated
    Balance Sheets


F-2Consolidated
    Statements of Income


F-3Consolidated
    Statements of Stockholders Equity


F-4Consolidated
    Statements of Cash Flows


F-5Notes to
    Consolidated Financial Statements


F-6Financial Statement Schedules:Schedule
    I  Consolidated Summary of Investments 
    Other Than Investments in Related Parties  at December 31,
    2006


F-71Schedule II 
    Condensed Financial Information of Registrant at
    December 31, 2006 and 2005  and for the year ended
    December 31, 2006 and the six months ended
    December 31, 2005


F-72Schedule III 
    Consolidated Supplementary Insurance Information for the years
    ended  December 31, 2006, 2005 and 2004


F-77Schedule
    IV  Consolidated Reinsurance for the years ended
    December 31, 2006, 2005 and 2004


F-79   50




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##### Table of Contents



Report of
    Independent Registered Public Accounting Firm           pooling-of-interests
   /s/
  Deloitte &
    Touche LLP
   F-1




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)CONSOLIDATED BALANCE SHEETSDECEMBER 31, 2006 AND 2005
    (In millions, except share and per share data)
  2006


2005AssetsInvestments:Fixed maturity securities
    available-for-sale,
    at estimated fair value (amortized cost: $48,406 and $53,231,
    respectively)

$
47,846


$
52,589Trading securities, at fair value
    (cost: $0 and $457, respectively)






452Equity securities
    available-for-sale,
    at estimated fair value (cost: $777 and $424, respectively)


795



421Mortgage and consumer loans


3,595



2,543Policy loans


918



916Real estate and real estate joint
    ventures
    held-for-investment


173



91Real estate
    held-for-sale


7



5Other limited partnership interests


1,082



1,252Short-term investments


777



1,769Other invested assets


1,241



1,057Total investments


56,434



61,095Cash and cash equivalents


649



571Accrued investment income


597



602Premiums and other receivables


8,410



7,008Deferred policy acquisition costs
    and value of business acquired


5,111



4,914Current income tax recoverable


94



48Deferred income tax assets


1,007



1,120Goodwill


953



924Other assets


765



442Separate account assets


50,067



44,524Total assets

$
124,087


$
121,248Liabilities and
    Stockholders EquityLiabilities:Future policy benefits

$
19,654


$
18,344Policyholder account balances


35,099



37,840Other policyholder funds


1,513



1,293Long-term debt  affiliated


435



435Payables for collateral under
    securities loaned and other transactions


9,155



9,737Other liabilities


749



1,642Separate account liabilities


50,067



44,524Total liabilities


116,672



113,815Contingencies, Commitments and
    Guarantees (Note 12)Stockholders Equity:Common stock, par value
    $2.50 per share; 40,000,000 shares authorized;
    34,595,317 shares issued and outstanding at
    December 31, 2006 and 2005


86



86Additional paid-in capital


7,123



7,180Retained earnings


520



581Accumulated other comprehensive
    income (loss)


(314
)


(414
)Total stockholders equity


7,415



7,433Total liabilities and
    stockholders equity

$
124,087


$
121,248    F-2




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)CONSOLIDATED STATEMENTS OF INCOMEFOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
    (In millions)
  2006


2005


2004RevenuesPremiums

$
308


$
281


$
9Universal life and investment-type
    product policy fees


1,268



862



159Net investment income


2,839



1,438



207Other revenues


212



132



26Net investment gains (losses)


(521
)


(198
)


(9
)Total revenues


4,106



2,515



392ExpensesPolicyholder benefits and claims


792



570



18Interest credited to policyholder
    account balances


1,316



720



153Other expenses


1,173



678



179Total expenses


3,281



1,968



350Income before provision for income
    tax


825



547



42Provision for income tax


228



156



17Income before cumulative effect of
    a change in accounting, net of income tax


597



391



25Cumulative effect of a change in
    accounting, net of income tax










2Net income

$
597


$
391


$
27    F-3




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)CONSOLIDATED STATEMENTS OF STOCKHOLDERS
    EQUITYFOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
    (In millions)
   Accumulated OtherComprehensive Income (Loss)Net


ForeignAdditional





Unrealized


CurrencyCommon


Paid-in


Retained


Investment


TranslationStock


Capital


Earnings


Gains (Losses)


Adjustment


TotalBalance at January 1, 2004
    (Note 3)

$
11


$
171


$
163


$
32


$



$
377Capital contribution from MetLife
    Investors Group, Inc.






300















300Comprehensive income (loss):Net income










27











27Other comprehensive income (loss):Unrealized gains (losses) on
    derivative instruments,  net of income tax














(2
)






(2
)Other comprehensive income (loss)






















(2
)Comprehensive income (loss)






















25Balance at December 31,
    2004


11



471



190



30







702MetLife Insurance Company of
    Connecticuts common stock purchased by MetLife, Inc.
    (Notes 2 and 3)


75



6,709















6,784Comprehensive income (loss):Net income










391











391Other comprehensive income (loss):Unrealized gains (losses) on
    derivative instruments,  net of income tax














(1
)






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














(445
)






(445
)Foreign currency translation
    adjustments


















2



2Other comprehensive income (loss)






















(444
)Comprehensive income (loss)






















(53
)Balance at December 31,
    2005


86



7,180



581



(416
)


2



7,433Revisions of purchase price pushed
    down to MetLife Insurance Company of Connecticuts net
    assets acquired (Note 2)






40















40Dividend paid to MetLife, Inc.






(259
)


(658
)










(917
)Capital contribution of intangible
    assets from MetLife,  Inc., net of income tax (Notes 8 and
    14)






162















162Comprehensive income (loss):Net income










597











597Other comprehensive income (loss):Unrealized gains (losses) on
    derivative instruments,  net of income tax














(5
)






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














107







107Foreign currency translation
    adjustments, net of  income tax


















(2
)


(2
)Other comprehensive income (loss)






















100Comprehensive income (loss)






















697Balance at December 31,
    2006

$
86


$
7,123


$
520


$
(314
)

$



$
7,415    F-4




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)CONSOLIDATED STATEMENTS OF CASH FLOWSFOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
    (In millions)
  2006


2005


2004Cash flows from operating
    activitiesNet Income

$
597


$
391


$
27Adjustments to reconcile net income
    to net cash provided by operating activities:Depreciation and amortization
    expenses


6



4



Amortization of premiums and
    accretion of discounts associated with investments, net


74



112



21(Gains) losses from sales of
    investments and businesses, net


521



198



9Equity earnings of real estate
    joint ventures and other limited partnership interests


(83
)


(19
)


Interest credited to policyholder
    account balances


1,316



720



153Universal life and investment-type
    product policy fees


(1,268
)


(862
)


(159
)Change in accrued investment income


2



(68
)


Change in premiums and other
    receivables


(509
)


(415
)


(1,108
)Change in deferred policy
    acquisition costs, net


(234
)


(211
)


(165
)Change in insurance-related
    liabilities


234



812



17Change in trading securities


(43
)


103



Change in income tax payable


156



298



Change in income tax recoverable










(29
)Change in other assets


586



574



140Change in other liabilities


(351
)


(876
)


(106
)Other, net






2



Net cash provided by (used in)
    operating activities


1,004



763



(1,200
)Cash flows from investing
    activitiesSales, maturities and repayments of:Fixed maturity securities


27,706



24,008



1,521Equity securities


218



221



2Mortgage and consumer loans


1,034



748



72Real estate and real estate joint
    ventures


126



65



Other limited partnership interests


762



173



Purchases of:Fixed maturity securities


(23,840
)


(32,850
)


(1,482
)Equity securities


(109
)






Mortgage and consumer loans


(2,092
)


(500
)


(42
)Real estate and real estate joint
    ventures


(56
)


(13
)


Other limited partnership interests


(343
)


(330
)


Net change in policy loans


(2
)


3



Net change in short-term investments


991



599



7Net change in other invested assets


(316
)


233



1Other, net


1



3



Net cash provided by (used in)
    investing activities


4,080



(7,640
)


79Cash flows from financing
    activitiesPolicyholder account balances:Deposits


8,185



11,230



4,541Withdrawals


(11,637
)


(12,369
)


(3,898
)Net change in payables for
    collateral under securities loaned and other transactions


(582
)


7,675



122Long-term debt issued






400



Dividends on common stock


(917
)






Capital contribution from MetLife
    Investors Group, Inc.










300Contribution of MetLife Insurance
    Company of Connecticut from MetLife, Inc., net of cash received
    of $0, $443 and $0, respectively






443



Other, net


(55
)


(75
)


Net cash (used in) provided by
    financing activities


(5,006
)


7,304



1,065Change in cash and cash equivalents


78



427



(56
)Cash and cash equivalents,
    beginning of year


571



144



200Cash and cash equivalents, end
    of year

$
649


$
571


$
144Supplemental disclosures of cash
    flow information:Net cash paid during the year for:Interest

$
31


$
18


$
2Income tax

$
81


$
87


$
(2
)Non-cash transactions during the
    year:Net assets of MetLife Insurance
    Company of Connecticut acquired by MetLife, Inc. and contributed
    to MLI-USA net of cash received of $443 million

$



$
6,341


$
Contribution of other intangible
    assets, net of deferred income tax

$
162


$



$
Contribution of goodwill from
    MetLife, Inc.

$
29


$



$
    See Note 2 for further discussion
    of the net assets of MetLife Insurance Company of Connecticut
    acquired by MetLife, Inc. and contributed to MLI-USA.
 See Note 19 for non-cash
    reinsurance transactions.
   F-5




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS
  1.
    Business,
    Basis of Presentation and Summary of Significant Accounting
    Policies  Business
  subsidiaries,
          Basis
    of Presentation
          Summary
    of Significant Accounting Policies and Critical Accounting
    Estimates
   F-6




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    (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)

the 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
    value of business acquired (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.     Investments
    Fixed Maturity and Equity Securities. available-for-sale,
     F-7




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    other-than-temporary
  case-by-case
  sub-sector;
  Trading Securities.
  Securities Lending.
  Mortgage and Consumer Loans.
 F-8




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  and/or
  Policy Loans.
  Real Estate. held-for-investment, held-for-sale held-for-sale held-for-sale held-for-sale. held-for-investment
  Real Estate Joint Ventures and Other Limited
    Partnership Interests.
 F-9




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  other-than-temporary
  Short-term Investments.
  Other Invested Assets.
  Estimates and Uncertainties.
        Consolidation of Variable Interest Entities  An
    Interpretation of ARB No. 51
 F-10




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     Derivative
    Financial Instruments
  over-the-counter
    Accounting for Derivative
    Instruments and Hedging Activities
     F-11




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
                 F-12




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     Cash and
    Cash Equivalents
    Property,
    Equipment, Leasehold Improvements and Computer
    Software
  sum-of-the-years-digits
    Deferred
    Policy Acquisition Costs and Value of Business
    Acquired
     F-13




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
             Sales
    Inducements
   F-14




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Goodwill
    Liability
    for Future Policy Benefits and Policyholder
    Account Balances
             F-15




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
      
    Annuity guaranteed death benefit (GMDB) liabilities
    are determined by estimating the expected value of death
    benefits in excess of the projected account balance and
    recognizing the excess ratably over the accumulation period
    based on total expected assessments. The Company regularly
    evaluates estimates used and adjusts the additional liability
    balance, with a related charge or credit to benefit expense, if
    actual experience or other evidence suggests that earlier
    assumptions should be revised. The assumptions used in
    estimating the GMDB liabilities are consistent with those used
    for amortizing DAC, and are thus subject to the same variability
    and risk. The assumptions of investment performance and
    volatility are consistent with the historical experience of the
    Standard & Poors 500 Index (S&P).
    The benefits used in calculating the liabilities are based on
    the average benefits payable over a range of scenarios.
    Guaranteed income benefit (GMIB) liabilities are
    determined by estimating the expected value of the income
    benefits in excess of the projected account balance at any
    future date of annuitization and recognizing the excess ratably
    over the accumulation period based on total expected
    assessments. The Company regularly evaluates estimates used and
    adjusts the additional liability balance, with a related charge
    or credit to benefit expense, if actual experience or other
    evidence suggests that earlier assumptions should be revised.
    The assumptions used for estimating the GMIB liabilities are
    consistent with those used for estimating the GMDB liabilities.
    In addition, the calculation of guaranteed annuitization benefit
    liabilities incorporates an assumption for the percentage of the
    potential annuitizations that may be elected by the
    contractholder.
    Liabilities for universal and variable life secondary guarantees
    are determined by estimating the expected value of death
    benefits payable when the account balance is projected to be
    zero and recognizing those benefits ratably over the
    accumulation period based on total expected assessments. The
    Company regularly evaluates estimates used and adjusts the
    additional liability balances, with a related charge or credit
    to benefit expense, if actual experience or other evidence
    suggests that earlier assumptions should be revised. The
    assumptions used in estimating the secondary and paid up
    guarantee liabilities are consistent with those used for
    amortizing DAC, and are thus subject to the same variability and
    risk. The assumptions of investment performance and volatility
    for variable products are consistent with historical S&P
    experience. The benefits used in calculating the liabilities are
    based on the average benefits payable over a range of scenarios.    
    Guaranteed minimum withdrawal benefit riders (GMWB)
    guarantee the contractholder a return of their purchase payment
    via partial withdrawals, even if the account value is reduced to
    zero, provided that the contractholders cumulative
    withdrawals in a contract year do not exceed a certain limit.
    The initial guaranteed withdrawal amount is equal to the initial
    benefit base as defined in the contract (typically, the initial
    purchase payments plus applicable bonus amounts). The GMWB is an
    embedded derivative, which is measured at fair value separately
    from the host variable annuity product.
    Guaranteed minimum accumulation benefit riders
    (GMAB) provide the contractholder, after a specified
    period of time determined at the time of issuance of the
    variable annuity contract, with a minimum accumulation of their
    purchase payments even if the account value is reduced to zero.
    The initial guaranteed accumulation amount is equal to the
    initial benefit base as defined in the contract (typically, the
    initial F-16




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  purchase payments plus applicable bonus amounts). The GMAB is
    also an embedded derivative, which is measured at fair value
    separately from the host variable annuity product.  
    For both GMWB and GMAB, the initial benefit base is increased by
    additional purchase payments made within a certain time period
    and decreases by benefits paid
    and/or
    withdrawal amounts. After a specified period of time, the
    benefit base may also increase as a result of an optional reset
    as defined in the contract.
    The fair values of the GMWB and GMAB riders are calculated based
    on actuarial and capital market assumptions related to the
    projected cash flows, including benefits and related contract
    charges, over the lives of the contracts, incorporating
    expectations concerning policyholder behavior. In measuring the
    fair value of GMWBs and GMABs, the Company attributes a portion
    of the fees collected from the policyholder equal to the present
    value of expected future guaranteed minimum withdrawal and
    accumulation benefits (at inception). The changes in fair value
    are reported in net investment gains (losses). Any additional
    fees represent excess fees and are reported in
    universal life and investment-type product policy fees. These
    riders may be more costly than expected in volatile or declining
    markets, causing an increase in liabilities for future policy
    benefits, negatively affecting net income.        Other
    Policyholder Funds
       F-17




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Recognition
    of Insurance Revenue and Related Benefits
          Other
    Revenues
    Income
    Taxes
           F-18




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    (i)

future taxable income exclusive of
    reversing temporary differences and carryforwards;(ii)

future reversals of existing
    taxable temporary differences;(iii)

taxable income in prior carryback
    years; and(iv)

tax planning strategies.
       Reinsurance
               F-19




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
        Separate
    Accounts
    line-by-line
  Employee
    Benefit Plans
    Foreign
    Currency
    Discontinued
    Operations
  held-for-sale
 F-20




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Litigation
    Contingencies
    Adoption
    of New Accounting Pronouncements
  Derivative
    Financial Instruments
    
    Effective January 1, 2006, the Company adopted
    prospectively SFAS No. 155, Accounting for Certain
    Hybrid Instruments(SFAS 155).
    SFAS 155 amends SFAS No. 133 and
    SFAS No. 140, Accounting for Transfers and
    Servicing of Financial Assets and Extinguishments of Liabilities(SFAS 140). SFAS 155 allows financial
    instruments that have embedded derivatives to be accounted for
    as a whole, eliminating the need to bifurcate the derivative
    from its host, if the holder elects to account for the whole
    instrument on a fair value basis. In addition, among other
    changes, SFAS 155:  (i)

clarifies which interest-only
    strips and principal-only strips are not subject to the
    requirements of SFAS 133;(ii)

establishes a requirement to
    evaluate interests in securitized financial assets to identify
    interests that are freestanding derivatives or that are hybrid
    financial instruments that contain an embedded derivative
    requiring bifurcation;(iii)

clarifies that concentrations of
    credit risk in the form of subordination are not embedded
    derivatives; and(iv)

amends SFAS 140 to eliminate
    the prohibition on a qualifying special-purpose entity
    (QSPE) from holding a derivative financial
    instrument that pertains to a beneficial interest other than
    another derivative financial interest.
     
    Effective October 1, 2006, the Company adopted
    SFAS 133 Implementation Issue No. B40, Embedded
    Derivatives: Application of Paragraph 13(b) to Securitized
    Interests in Prepayable Financial Assets(Issue
    B40). Issue B40 clarifies that a securitized interest in
    prepayable financial assets is not subject to the conditions in
    paragraph 13(b) of SFAS 133, if it meets both of the
    following criteria: (i) the right to accelerate the
    settlement if the securitized interest cannot be controlled by
    the investor; and (ii) the securitized interest itself does
    not contain an embedded derivative (including an interest
    rate-related derivative) for which bifurcation would be required
    other than an embedded derivative that results solely from the
    embedded call options in the underlying financial assets. The
    adoption of Issue B40 did not have a material impact on the
    Companys consolidated financial statements. F-21




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   
    Effective January 1, 2006, the Company adopted
    prospectively SFAS 133 Implementation Issue No. B38,
    Embedded Derivatives: Evaluation of Net Settlement with
    Respect to the Settlement of a Debt Instrument through Exercise
    of an Embedded Put Option or Call Option(Issue
    B38) and SFAS 133 Implementation Issue No. B39,
    Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
    (Issue B39). Issue B38 clarifies that the potential
    settlement of a debtors obligation to a creditor occurring
    upon exercise of a put or call option meets the net settlement
    criteria of SFAS 133. Issue B39 clarifies that an
    embedded call option, in which the underlying is an interest
    rate or interest rate index, that can accelerate the settlement
    of a debt host financial instrument should not be bifurcated and
    fair valued if the right to accelerate the settlement can be
    exercised only by the debtor (issuer/borrower) and the investor
    will recover substantially all of its initial net investment.
    The adoption of Issues B38 and B39 did not have a material
    impact on the Companys consolidated financial statements.  Other
    Pronouncements
  Considering the Effects of Prior Year Misstatements when
    Quantifying Misstatements in Current Year Financial Statements
  Accounting Changes and Error
    Corrections, a replacement of APB Opinion No. 20 and FASB
    Statement No. 3
  No. 04-5, Determining Whether a General Partner, or the General
    Partners as a Group, Controls a Limited Partnership or Similar
    Entity When the Limited Partners Have Certain Rights 04-5). 04-5 EITF 04-5 EITF 04-5 04-5
  No. FAS 140-2, Clarification of the Application of Paragraphs 40(b) and
    40(c) of FAS 140 140-2). FSP 140-2 140-2,
 F-22




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  140-2
  Exchanges of Nonmonetary Assets, an
    amendment of APB Opinion No. 29
  No. 03-1, The Meaning of
    Other-Than-Temporary
    Impairment and Its Application to Certain Investments 03-1). 03-1 other-than-temporary EITF 03-1 available-for-sale held-to-maturity Accounting for Certain
    Investments in Debt and Equity Securities, other-than-temporary other-than-temporary FAS 115-1 FAS 124-1, The Meaning of
    Other-Than-Temporary
    Impairment and its Application to Certain Investments (FSP 115-1), other-than-temporarily EITF 03-1. 115-1,
  No. 03-16, Accounting for Investments in Limited Liability Companies (EITF 03-16). EITF 03-16 EITF 03-16
  03-1, Accounting and Reporting by Insurance Enterprises for Certain
    Nontraditional Long Duration Contracts and for Separate (SOP 03-1), No. 97-1, Situations in Which Paragraphs 17(b) and 20 of FASB
    Statement No. 97, Accounting and Reporting by Insurance
    Enterprises for Certain Long-Duration Contracts and for Realized
    Gains and Losses from the Sale of Investments, Permit or Require
    Accrual of an Unearned Revenue Liability 97-1). SOP 03-1 SOP 03-1, SOP 03-1
  Future
    Adoption of New Accounting Pronouncements
  The
    Fair Value Option for Financial Assets and Financial Liabilities
 F-23




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  instrument-by-instrument
  Fair Value Measurements
  Accounting for
    Uncertainty in Income Taxes  an interpretation of
    FASB Statement No. 109
  Accounting for Servicing of Financial Assets  an
    amendment of FASB Statement No. 140
  SOP 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
 F-24




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    2.
    Acquisition
    of MetLife Insurance Company of Connecticut by MetLife, Inc.
    from Citigroup Inc.    Business
    Combinations Goodwill and
    Other Intangible Assets
  Final
    Purchase Price Allocation and Goodwill
        F-25




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  As of July 1, 2005(In millions)Total purchase price paid by
    MetLife





$
12,084Purchase price attributed to other
    affiliates






5,260Purchase price attributed to
    MetLife Connecticut






6,824Net assets of MetLife
    Connecticut acquired prior to purchase accounting
    adjustments


$8,207Adjustments to reflect assets
    acquired at fair value:Fixed maturity securities
    available-for-sale


(2
)Mortgage loans on real estate


72Real estate and real estate joint
    ventures
    held-for-investment


39Other limited partnership interests


48Other invested assets


(36
)Premiums and other receivables


1,001Elimination of historical deferred
    policy acquisition costs


(3,052
)Value of business acquired


3,490Value of distribution agreements
    and customer relationships acquired


73Net deferred income tax asset


1,751Elimination of historical goodwill


(196
)Other assets


(11
)Adjustments to reflect
    liabilities assumed at fair value:Future policy benefits


(3,766
)Policyholder account balances


(1,870
)Other liabilities


191Net fair value of assets
    acquired and liabilities assumed






5,939Goodwill resulting from the
    Acquisition attributed to MetLife Connecticut





$
885     As of July 1, 2005(In millions)Institutional

$
312Individual


163Corporate & Other


410Total

$
885    F-26




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Condensed
    Statement of Net Assets Acquired
    As of July 1, 2005(In millions)AssetsFixed maturity securities
    available-for-sale

$
41,210Trading securities


555Equity securities
    available-for-sale


641Mortgage loans on real estate


2,363Policy loans


884Real estate and real estate joint
    ventures
    held-for-investment


126Other limited partnership interests


1,120Short-term investments


2,225Other invested assets


1,205Total investments


50,329Cash and cash equivalents


443Accrued investment income


494Premiums and other receivables


4,688Value of business acquired


3,490Goodwill


885Other intangible assets


73Deferred income tax asset


1,178Other assets


730Separate account assets


30,427Total assets acquired


92,737Liabilities:Future policy benefits


17,565Policyholder account balances


34,251Other policyholder funds


115Current income tax


36Other liabilities


3,519Separate account liabilities


30,427Total liabilities assumed


85,913Net assets acquired

$
6,824   Other
    Intangible Assets
   F-27




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
          Weighted AverageAs of July 1, 2005


Amortization Period(In millions)


(In years)Value of business acquired

$
3,490



16Value of distribution agreements
    and customer relationships acquired


73



16Total value of intangible assets
    acquired, excluding goodwill

$
3,563



16   3.
    Contribution
    of MetLife Connecticut from MetLife, Inc.       F-28




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Unaudited


UnauditedThree Months Ended


Year EndedNine Months Ended September 30, 2006


December 31, 2006


December 31, 2006Assets and LiabilitiesOutstandingfrom MetLifesAcquisition


ConsolidatedMICC Historical


MLI-USA


of MLIG


Company


Consolidated Company(In millions)Total revenues

$
2,509


$
623


$



$
3,132


$
974


$
4,106Total expenses

$
1,905


$
486


$



$
2,391


$
890


$
3,281Income before provision for income
    tax


604



137







741


$
84



825Provision for income tax


177



35







212


$
16



228Net income

$
427


$
102


$



$
529


$
68


$
597    Year Ended December 31, 2005Assets and LiabilitiesOutstandingSix Months Ended





from MetLifesDecember 31, 2005





Acquisition


ConsolidatedMICC Historical


MLI-USA


of MLIG


Company(In millions)Total revenues

$
1,749


$
766


$



$
2,515Total expenses

$
1,410


$
561


$
(3
)

$
1,968Income before provision for income
    tax


339



205



3



547Provision for income tax


98



57



1



156Net income

$
241


$
148


$
2


$
391     AccumulatedOtherComprehensiveIncomeAdditional





Net UnrealizedCommon


Paid in


Retained


Investment GainsStock


Capital


Earnings


(Losses)


TotalBalance of MLI-USAs equity at
    January 1, 2004

$
2


$
98


$
163


$
39


$
302Issuance of MetLife
    Connecticuts common stock to MLIG


11
(1)


(11
)










Elimination of MLI-USAs
    common stock


(2
) (2)


2











Assets and liabilities outstanding
    from MetLifes acquisition of MLIG






82







(7
)


75Balance of MICCs equity at
    January 1, 2004

$
11


$
171


$
163


$
32


$
377  F-29




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    (1)
    
    Represents the issuance of 4,595,317 shares of MetLife
    Connecticuts common stock, at $2.50 par value, by
    MetLife Connecticut to MLIG in exchange for all the outstanding
    common stock of MLI-USA, for a total adjustment of
    $11 million.(2)
    
    Represents the elimination of MLI-USAs common stock of
    $2 million.  MLI-USA
  AccumulatedOtherComprehensiveIncomeAdditional





Net UnrealizedCommon


Paid in


Retained


Investment GainsStock


Capital


Earnings


(Losses)


TotalMetLife Connecticuts common
    stock purchased by MetLife in the Acquisition on July 1,
    2005

$
100


$
6,684


$



$



$
6,784Return of MetLife
    Connecticuts common stock from MetLife


(25
) (1)


25











MetLife Connecticuts common
    stock purchased by MetLife on July 1, 2005, as adjusted

$
75


$
6,709


$



$



$
6,784     (1)
    
    Represents the return of 10,000,000 shares of MetLife
    Connecticuts common stock, at $2.50 par value, by
    MetLife to MetLife Connecticut in anticipation of the
    acquisition of MLI-USA by MetLife Connecticut, for a total
    adjustment of $25 million.    UnauditedSix Months EndedYear Ended


June 30, 2005


Year EndedDecember 31, 2005


Pro Forma


December 31, 2005Consolidated


MICC


Pro FormaCompany


Historical


MICC(In millions)Total revenues

$
2,515


$
2,324


$
4,839Total expenses

$
1,968


$
1,523


$
3,491Income before provision for income
    tax


547



801



1,348Provision for income tax


156



226



382Net income

$
391


$
575


$
966  F-30




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   4.
    Investments  Fixed
    Maturity and Equity Securities
    Available-for-Sale
    December 31, 2006Cost orAmortized


Gross 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
%   December 31, 2005Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
18,416


$
96


$
415


$
18,097



34.3
%Residential mortgage-backed
    securities


12,398



17



131



12,284



23.4Foreign corporate securities


5,733



50



143



5,640



10.7U.S. Treasury/agency
    securities


6,448



24



61



6,411



12.2Commercial mortgage-backed
    securities


5,157



12



82



5,087



9.7Asset-backed securities


3,899



10



16



3,893



7.4State and political subdivision
    securities


633







25



608



1.2Foreign government securities


547



25



3



569



1.1Total fixed maturity securities

$
53,231


$
234


$
876


$
52,589



100.0
%Non-redeemable preferred stock

$
327


$
1


$
5


$
323



76.7
%Common stock


97



4



3



98



23.3Total equity securities

$
424


$
5


$
8


$
421



100.0
%  F-31




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
          December 31,2006


2005Cost or





Cost orAmortized


Estimated


Amortized


EstimatedCost


Fair Value


Cost


Fair Value(In millions)Due in one year or less

$
1,620


$
1,616


$
1,411


$
1,405Due after one year through five
    years


9,843



9,733



10,594



10,490Due after five years through ten
    years


7,331



7,226



9,556



9,382Due after ten years


11,150



10,871



10,216



10,048Subtotal


29,944



29,446



31,777



31,325Mortgage-backed and asset-backed
    securities


18,462



18,400



21,454



21,264Total fixed maturity securities

$
48,406


$
47,846


$
53,231


$
52,589     available-for-sale
  Years Ended December 31,2006


2005


2004(In millions)Proceeds

$
23,901


$
22,241


$
473Gross investment gains

$
73


$
48


$
6Gross investment losses

$
(519
)

$
(347
)

$
(10
)  F-32




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Unrealized
    Loss for Fixed Maturity and Equity Securities
    Available-for-Sale
    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   December 31, 2005Equal 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

$
14,412


$
413


$
40


$
2


$
14,452


$
415Residential mortgage-backed
    securities


9,142



129



61



2



9,203



131Foreign corporate securities


4,409



142



23



1



4,432



143U.S. Treasury/agency
    securities


4,171



61











4,171



61Commercial mortgage-backed
    securities


4,040



82



5







4,045



82Asset-backed securities


1,890



16



11







1,901



16State and political subdivision
    securities


550



25











550



25Foreign government securities


155



3



2







157



3Total fixed maturity securities

$
38,769


$
871


$
142


$
5


$
38,911


$
876Equity securities

$
214


$
8


$



$



$
214


$
8Total number of securities in an
    unrealized loss position


5,061







47







5,108  F-33




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Aging
    of Gross Unrealized Loss for Fixed Maturity and Equity
    Securities
    Available-for-Sale
    December 31, 2006Cost or


Gross


Number ofAmortized Cost


Unrealized Losses


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   December 31, 2005Cost or


Gross


Number ofAmoritized Cost


Unrealized Losses


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

$
39,461


$
81


$
844


$
30



4,960



50Six months or greater but less than
    nine months


204







2







16



Nine months or greater but less
    than twelve months


116







3







35



Twelve months or greater


147







5







47



Total

$
39,928


$
81


$
854


$
30



5,058



50        F-34




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     December 31,2006


2005Sector:U.S. corporate securities


49
%


47
%Residential mortgage-backed
    securities


9



15Foreign corporate securities


15



16U.S. Treasury/agency
    securities


15



7Commercial mortgage-backed
    securities


5



9Other


7



6Total


100
%


100
%Industry:Industrial


26
%


25
%Finance


18



17Government


15



7Mortgage-backed


14



24Utility


10



6Other


17



21Total


100
%


100
%   security-by-security other-than-temporarily other-than-temporary other-than-temporarily other-than-temporary
  other-than-temporarily
 F-35




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Securities
    Lending
    Assets
    on Deposit
    Mortgage
    and Consumer Loans
    December 31,2006


2005Amount


Percent


Amount


Percent(In millions)Commercial mortgage loans

$
2,095



58
%

$
1,173



46
%Agricultural mortgage loans


1,460



41



1,300



51Consumer loans


46



1



79



3Subtotal


3,601



100
%


2,552



100
%Less: Valuation allowances


6







9Mortgage and consumer loans

$
3,595






$
2,543       Years Ended December 31,2006


2005


2004(In millions)Balance at January 1,

$
9


$
1


$
1Additions


3



8



Deductions


(6
)






Balance at December 31,

$
6


$
9


$
1  F-36




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    December 31,2006


2005(In millions)Impaired loans with valuation
    allowances

$



$
2Impaired loans without valuation
    allowances


8



14Subtotal


8



16Less: Valuation allowances on
    impaired loans






1Impaired loans

$
8


$
15     Real
    Estate and Real Estate Joint Ventures
    December 31,2006


2005(In millions)Real estate

$
37


$
36Accumulated depreciation


(1
)


Net real estate


36



36Real estate joint ventures


144



60Real estate and real estate joint
    ventures

$
180


$
96     December 31,2006


2005(In millions)Real estate and real estate joint
    ventures
    held-for-investment

$
173


$
91Real estate
    held-for-sale


7



5Real estate and real estate joint
    ventures

$
180


$
96      F-37




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     December 31,2006


2005Amount


Percent


Amount


Percent(In millions)Office

$
46



26
%

$
53



55
%Apartments










1



1Retail


12



7







Real estate investment funds


93



52







Land


1







3



3Agriculture


28



15



31



32Industrial










8



9Total

$
180



100
%

$
96



100
%     Net
    Investment Income
    Years Ended December 31,2006


2005


2004(In millions)Fixed maturity securities

$
2,719


$
1,377


$
176Equity securities


17



6



Mortgage and consumer loans


182



113



34Policy loans


52



26



2Real estate and real estate joint
    ventures


29



2



Other limited partnership interests


238



33



Cash, cash equivalents and
    short-term investments


137



71



6Other


8







Total investment income


3,382



1,628



218Less: Investment expenses


543



190



11Net investment income

$
2,839


$
1,438


$
207    F-38




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Net
    Investment Gains (Losses)
    Years Ended December 31,2006


2005


2004(In millions)Fixed maturity securities

$
(497
)

$
(300
)


$(5
)Equity securities


10



1



Mortgage and consumer loans


7



(9
)


Real estate and real estate joint
    ventures


64



7



Other limited partnership interests


(1
)


(1
)


Sales of businesses






2



Derivatives


177



(2
)


(4
)Other


(281
)


104



Net investment gains (losses)

$
(521
)

$
(198
)


$(9
)       other-than-temporarily
  Net
    Unrealized Investment Gains (Losses)
    Years Ended December 31,2006


2005


2004(In millions)Fixed maturity securities

$
(566
)

$
(639
)

$
97Equity securities


17



(4
)


Derivatives


(9
)


(2
)


(4
)Other


7



(19
)


Subtotal


(551
)


(664
)


93Amounts allocated from:Future policy benefit loss
    recognition






(78
)


DAC and VOBA


66



102



(47
)Subtotal


66



24



(47
)Deferred income tax


171



224



(16
)Subtotal


237



248



(63
)Net unrealized investment gains
    (losses)

$
(314
)

$
(416
)

$
30  F-39




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Years Ended December 31,2006


2005


2004(In millions)Balance, January 1,

$
(416
)

$
30


$
32Unrealized investment gains
    (losses) during the year


113



(756
)


(14
)Unrealized investment gains
    (losses) relating to:Future policy benefit gain (loss)
    recognition


78



(78
)


DAC and VOBA


(36
)


148



10Deferred income tax


(53
)


240



2Balance, December 31,

$
(314
)

$
(416
)

$
30Net change in unrealized
    investment gains (losses)

$
102


$
(446
)

$
(2
)   Trading
    Securities
     F-40




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Variable
    Interest Entities
    December 31, 2006MaximumTotal


Exposure toAssets (1)


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

$
866


$
39Real estate joint ventures(3)


944



63Other limited partnership
    interests(4)


2,629



193Other investments(5)


14,839



485Total

$
19,278


$
780     (1)
    
    The assets of the asset-backed securitizations are reflected at
    fair value at December 31, 2006. The assets of the real
    estate joint ventures, other limited partnership interests and
    other investments are reflected at the carrying amounts at which
    such assets would have been reflected on the Companys
    balance sheet had the Company consolidated the VIE from the date
    of its initial investment in the entity.(2)
    
    The maximum exposure to loss of 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 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, as well as limited partnerships.(5)
    
    Other investments include securities that are not asset-backed
    securitizations. F-41




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   5.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    December 31, 2006


December 31, 2005Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
8,841


$
431


$
70


$
6,623


$
356


$
52Interest rate floors


9,021



71







2,000



26



Interest rate caps


6,715



6







3,020



18



Financial futures


602



6



1



228



2



2Foreign currency swaps


2,723



580



66



3,110



429



76Foreign currency forwards


124



1







488



18



2Options






80



7







165



3Financial forwards


900







15











2Credit default swaps


1,231



1



5



987



2



2Total

$
30,157


$
1,176


$
164


$
16,456


$
1,016


$
139       Remaining LifeAfter One Year


After Five YearsOne Year or Less


Through Five Years


Through Ten Years


After Ten Years


Total(In millions)Interest rate swaps

$
980


$
5,570


$
1,699


$
592


$
8,841Interest rate floors






551



8,470







9,021Interest rate caps






6,715











6,715Financial futures


602















602Foreign currency swaps


67



1,588



996



72



2,723Foreign currency forwards


124















124Financial forwards














900



900Credit default swaps


30



1,186



15







1,231Total

$
1,803


$
15,610


$
11,180


$
1,564


$
30,157  F-42




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
                     F-43




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
             Hedging
    December 31, 2006


December 31, 2005Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
69


$



$
1


$
71


$



$
Cash flow


455



42







442



2



4Non-qualifying


29,633



1,134



163



15,943



1,014



135Total

$
30,157


$
1,176


$
164


$
16,456


$
1,016


$
139     Years Ended December 31,2006


2005


2004(In millions)Qualifying hedges:Interest credited to policyholder
    account balances

$
(9
)

$
(1
)

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


73



(8
)


Total

$
64


$
(9
)

$
  F-44




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Fair
    Value Hedges
      Years Ended December 31,2006


2005


2004(In millions)Changes in the fair value of
    derivatives

$
(1
)

$



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


2







1Net ineffectiveness of fair value
    hedging activities

$
1


$



$
     Cash
    Flow Hedges
       Years Ended December 31,2006


2005


2004(In millions)Balance at January 1,

$
(2
)

$
(4
)

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


(7
)


2



(2
)Balance at December 31,

$
(9
)

$
(2
)

$
(4
)    F-45




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
      Embedded
    Derivatives
    Credit
    Risk
    over-the-counter
     F-46




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    6.
    Deferred
    Policy Acquisition Costs and Value of Business
    Acquired    DAC


VOBA


Total(In millions)Balance at January 1, 2004

$
502


$



$
502Capitalizations


281







281Subtotal


783







783Less: Amortization related to:Net investment gains (losses)


(2
)






(2
)Unrealized investment gains
    (losses)


(10
)






(10
)Other expenses


117







117Total amortization


105







105Balance at December 31, 2004


678







678Contribution of MetLife
    Connecticut from MetLife (Note 2)






3,490



3,490Capitalizations


886







886Subtotal


1,564



3,490



5,054Less: Amortization related to:Net investment gains (losses)






(26
)


(26
)Unrealized investment gains
    (losses)


(41
)


(107
)


(148
)Other expenses


109



205



314Total amortization


68



72



140Balance at December 31, 2005


1,496



3,418



4,914Capitalizations


721







721Subtotal


2,217



3,418



5,635Less: Amortization related to:Net investment gains (losses)


(16
)


(68
)


(84
)Unrealized investment gains
    (losses)


(10
)


46



36Other expenses


252



320



572Total amortization


226



298



524Balance at December 31, 2006

$
1,991


$
3,120


$
5,111      F-47




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   7.
    Goodwill    December 31,2006


2005(In millions)Balance at January 1,

$
924


$
68Contribution of MetLife
    Connecticut from MetLife (Note 2)


29



856Balance at December 31,

$
953


$
924   8.
    Insurance  Value
    of Distribution Agreements and Customer Relationships
    Acquired
    Years Ended December 31,2006


2005


2004(In millions)Balance at January 1,

$
72


$



$
Contribution of MetLife
    Connecticut from MetLife (Note 2)






73



Contribution of VODA from MetLife


167







Amortization


(2
)


(1
)


Balance at December 31,

$
237


$
72


$
          F-48




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Sales
    Inducements
    Years Ended December 31,2006


2005


2004(In millions)Balance at January 1,

$
218


$
143


$
94Capitalization


129



83



65Amortization


(17
)


(8
)


(16
)Balance at December 31,

$
330


$
218


$
143   Separate
    Accounts
        Obligations
    Under Guaranteed Interest Contract Program
  .
 F-49




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Liabilities
    for Unpaid Claims and Claim Expenses
    Years Ended December 31,2006


2005(In millions)Balance at January 1,

$
512


$
Less: Reinsurance recoverables


(373
)


Net balance January 1,


139



Contribution of MetLife
    Connecticut by MetLife (Note 2)






137Incurred related to:Current year


29



19Prior years


4



(3
)33



16Paid related to:Current year


(2
)


(1
)Prior years


(22
)


(13
)(24
)


(14
)Net balance at December 31,


148



139Add: Reinsurance recoverables


403



373Balance at December 31,

$
551


$
512       Guarantees
     F-50




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     At December 31,2006


2005In the


At


In the


AtEvent of Death


Annuitization


Event of Death


Annuitization(In millions)Annuity
    Contracts(1)Return of Net
    DepositsSeparate account value

$
8,213



N/A


$
5,537



N/ANet amount at risk(2)

$

(3)


N/A


$

(3)


N/AAverage attained age of
    contractholders


61 years



N/A



61 years



N/AAnniversary Contract Value or
    Minimum ReturnSeparate account value

$
44,036


$
13,179


$
40,744


$
10,081Net amount at risk(2)

$
1,422
(3)

$
30
(4)

$
934
(3)

$
38
(4)Average attained age of
    contractholders


58 years



60 years



60 years



60 years   At December 31,2006


2005Secondary


SecondaryGuarantees


Guarantees(In millions)Universal and Variable Life
    Contracts(1)Account value (general and
    separate account)

$
3,262


$
2,849Net amount at risk(2)

$
48,630
(3)

$
44,943
(3)Average attained age of
    policyholders


57 years



56 years     (1)
    
    The Companys annuity and life contracts with guarantees
    may offer more than one type of guarantee in each contract.
    Therefore, the amounts listed above may not be mutually
    exclusive.(2)
    
    The net amount at risk is based on the direct amount at risk
    (excluding reinsurance).(3)
    
    The net amount at risk for guarantees of amounts in the event of
    death is defined as the current guaranteed minimum death benefit
    in excess of the current account balance at the balance sheet
    date.(4)
    
    The net amount at risk for guarantees of amounts at
    annuitization is defined as the present value of the minimum
    guaranteed annuity payments available to the contractholder
    determined in accordance with the terms of the contract in
    excess of the current account balance. F-51




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Annuity


Universal and VariableContracts


Life ContractsGuaranteed


SecondaryDeath Benefits


Guarantees


Total(In millions)Balance at January 1, 2004

$



$



$
Incurred guaranteed benefits










Paid guaranteed benefits










Balance at December 31, 2004










Incurred guaranteed benefits


3



9



12Paid guaranteed benefits










Balance at December 31, 2005


3



9



12Incurred guaranteed benefits






22



22Paid guaranteed benefits


(3
)






(3
)Balance at December 31, 2006

$



$
31


$
31       December 31,2006


2005(In millions)Mutual Fund GroupingsEquity

$
37,992


$
30,480Bond


2,831



2,952Balanced


2,790



3,273Money Market


949



791Specialty


460



684Total

$
45,022


$
38,180   9.
    Reinsurance   F-52




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
               Years Ended December 31,2006


2005


2004(In millions)Direct premiums

$
599


$
413


$
13Reinsurance assumed


21



38



Reinsurance ceded


(312
)


(170
)


(4
)Net premiums

$
308


$
281


$
9Reinsurance recoverables netted
    against policyholder benefits and claims

$
635


$
560


$
(1
)      F-53




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    10.
    Long-term
    Debt  Affiliated    December 31,2006


2005(In millions)Surplus notes, interest rate
    7.349%, due 2035

$
400


$
400Surplus notes, interest rate 5%,
    due upon request


25



25Surplus notes, interest rate LIBOR
    plus 0.75%, due upon request


10



10Total long-term debt 
    affiliated

$
435


$
435             11.
    Income
    Tax    Years Ended December 31,2006


2005


2004(In millions)Current:Federal

$
18


$
(3
)

$
(91
)State






(2
)


4Subtotal


18



(5
)


(87
)Deferred:Federal


212



162



100State


(2
)


(1
)


4Subtotal


210



161



104Provision for income tax

$
228


$
156


$
17  F-54




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Years Ended December 31,2006


2005


2004(In millions)Tax provision at
    U.S. statutory rate

$
288


$
191


$
15Tax effect of:Tax-exempt investment income


(62
)


(27
)


(3
)Prior year tax


(9
)


(9
)


(1
)Foreign operations, net of foreign
    income tax


12







State tax, net of federal benefit






2



6Other, net


(1
)


(1
)


Provision for income tax

$
228


$
156


$
17     December 31,2006


2005(In millions)Deferred income tax assets:Benefit, reinsurance and other
    reserves

$
2,238


$
2,346Net unrealized investment losses


171



224Capital loss carryforwards


155



92Investments


63



Operating lease reserves


13



13Net operating loss carryforwards


10



Employee benefits


3



3Litigation-related


1



Other


20



252,674



2,703Less: Valuation allowance


4



2,670



2,703Deferred income tax liabilities:DAC and VOBA


(1,663
)


(1,558
)Investments






(25
)(1,663
)


(1,583
)Net deferred income tax asset

$
1,007


$
1,120    F-55




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
          12.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
     F-56




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Macomber, et al. v. Travelers Property Casualty Corp.,
    et al. (Conn. Super. Ct., Hartford, filed April 7,
    1999).
          Insolvency
    Assessments
   F-57




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    December 31,2006


2005(In millions)Other Assets:Premium tax offset for future
    undiscounted assessments

$
9


$
9Premium tax offsets currently
    available for paid assessments


1



2$
10


$
11Liability:Insolvency assessments

$
19


$
19     Commitments
  Leases
    Rental


Gross RentalIncome


Payments(In millions)2007

$
1


$
152008

$
1


$
152009

$
1


$
82010

$
1


$
62011

$



$
6   Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities
   F-58




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Other
    Commitments
    Guarantees
         F-59




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   13.
    Employee
    Benefit Plans    14.
    Equity  Common
    Stock
    Dividend
    Restrictions
    2005


2006


2007Permitted w/o


Permitted w/oCompany

Paid(1)


Paid(1)


Approval (2)


Approval(3)(In millions)MetLife Insurance Company of
    Connecticut

$



$
917
(4)

$



$
690     (1)
    
    Includes amounts paid including those requiring regulatory
    approval.(2)
    
    Reflects dividend amounts paid during the relevant year without
    prior regulatory approval.(3)
    
    Reflects dividend amounts that may be paid during 2007 without
    prior regulatory approval. If paid before a specified date
    during 2007, some or all of such dividend amounts may require
    regulatory approval.(4)
    
    Includes a return of capital of $259 million.   F-60




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Dividend
    Restrictions of Subsidiaries
      Capital
    Contributions
        Statutory
    Equity and Income
     F-61




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
                Other
    Comprehensive Income (Loss)
    Years Ended December 31,2006


2005


2004(In millions)Holding gains (losses) on
    investments arising during the year

$
(434
)

$
(1,148
)

$
(37
)Income tax effect of holding gains
    (losses)


147



402



14Reclassification adjustments:Recognized holding (gains) losses
    included in current year income


487



295



2Amortization of premiums and
    accretion of discounts associated with investments


60



96



21Income tax effect


(186
)


(137
)


(8
)Allocation of holding losses on
    investments relating to other policyholder amounts


42



71



10Income tax effect of allocation of
    holding losses to other policyholder amounts


(14
)


(25
)


(4
)Net unrealized investment gains
    (losses)


102



(446
)


(2
)Foreign currency translation
    adjustment


(2
)


2



Other comprehensive income (loss)

$
100


$
(444
)

$
(2
)  F-62




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  15.
    Other
    Expenses    Years Ended December 31,2006


2005


2004(In millions)Compensation

$
211


$
100


$
Commissions


712



931



237Interest and debt issue costs


31



25



2Amortization of DAC and VOBA


488



288



115Capitalization of DAC


(721
)


(886
)


(281
)Rent, net of sublease income


11



7



Minority interest


26



1



Insurance tax


42



10



3Other


373



202



103Total other expenses

$
1,173


$
678


$
179   16.
    Business
    Segment Information  start-up
     F-63




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     Corporate &For the Year Ended
    December 31, 2006

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
218


$
65


$
25


$
308Universal life and investment-type
    product policy fees


1,244



24







1,268Net investment income


985



1,449



405



2,839Other revenues


195



15



2



212Net investment gains (losses)


(194
)


(282
)


(45
)


(521
)Policyholder benefits and claims


315



450



27



792Interest credited to policyholder
    account balances


669



647







1,316Other expenses


1,045



16



112



1,173Income before provision for income
    tax


419



158



248



825Provision for income tax


145



55



28



228Net income

$
274


$
103


$
220


$
597Balance Sheet:Total assets

$
76,897


$
35,982


$
11,208


$
124,087DAC and VOBA

$
4,946


$
165


$



$
5,111Goodwill

$
234


$
312


$
407


$
953Separate account assets

$
47,566


$
2,501


$



$
50,067Policyholder liabilities

$
24,429


$
27,391


$
4,446


$
56,266Separate account liabilities

$
47,566


$
2,501


$



$
50,067   F-64




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Corporate &For the Year Ended
    December 31, 2005(1)

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
152


$
116


$
13


$
281Universal life and investment-type
    product policy fees


845



17







862Net investment income


530



712



196



1,438Other revenues


121



10



1



132Net investment gains (losses)


(113
)


(87
)


2



(198
)Policyholder benefits and claims


224



324



22



570Interest credited to policyholder
    account balances


417



303







720Other expenses


640



30



8



678Income before provision for income
    tax


254



111



182



547Provision for income tax


53



38



65



156Net income

$
201


$
73


$
117


$
391Balance Sheet:Total assets

$
71,385


$
38,072


$
11,791


$
121,248DAC and VOBA

$
4,753


$
161


$



$
4,914Goodwill

$
227


$
305


$
392


$
924Separate account assets

$
41,347


$
3,177


$



$
44,524Policyholder liabilities

$
24,855


$
28,340


$
4,282


$
57,477Separate account liabilities

$
41,347


$
3,177


$



$
44,524     (1)
    
    Includes six months of results for MetLife Connecticut and
    its subsidiaries and twelve months of results for MLI-USA.      17.
    Discontinued
    Operations  Real
    Estate
  held-for-sale
   F-65




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
     18.
    Fair
    Value Information      Notional


Carrying


EstimatedDecember 31,
    2006

Amount


Value


Fair Value(In millions)Assets:Fixed maturity securities





$
47,846


$
47,846Equity securities





$
795


$
795Mortgage and consumer loans





$
3,595


$
3,547Policy loans





$
918


$
918Short-term investments





$
777


$
777Cash and cash equivalents





$
649


$
649Accrued investment income





$
597


$
597Mortgage loan commitments

$
665


$



$
1Commitments to fund bank credit
    facilities

$
173


$



$
Liabilities:Policyholder account balances





$
29,780


$
28,028Long-term debt 
    affiliated





$
435


$
425Payables for collateral under
    securities loaned and other transactions





$
9,155


$
9,155   Notional


Carrying


EstimatedDecember 31,
    2005

Amount


Value


Fair Value(In millions)Assets:Fixed maturity securities





$
52,589


$
52,589Trading Securities





$
452


$
452Equity securities





$
421


$
421Mortgage and consumer loans





$
2,543


$
2,553Policy loans





$
916


$
916Short-term investments





$
1,769


$
1,769Cash and cash equivalents





$
571


$
571Accrued investment income





$
602


$
602Mortgage loan commitments

$
339


$



$
(2
)Liabilities:Policyholder account balances





$
32,877


$
31,621Long-term debt 
    affiliated





$
435


$
443Payables for collateral under
    securities loaned and other transactions





$
9,737


$
9,737  F-66




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
    Fixed
    Maturity Securities, Trading Securities and Equity
    Securities
     Mortgage
    and Consumer Loans, Mortgage Loan Commitments and
    Commitments to Fund Bank Credit Facilities
    Policy
    Loans
    Cash
    and Cash Equivalents and Short-term Investments
    Accrued
    Investment Income
    Policyholder
    Account Balances
    Long-Term
    Debt
    Payables
    for Collateral Under Securities Loaned and Other
    Transactions
   F-67




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
   Derivative
    Financial Instruments
    19.
    Related
    Party Transactions  Service
    Agreements
            Investment
    Transactions
      Years Ended December 31,2006


2005


2004(In millions)Fair market value of assets
    transferred to affiliates

$
164


$
79


$
320Amortized cost of assets
    transferred to affiliates

$
164


$
78


$
324Net investment gains (losses)
    recognized on transfers

$



$
1


$
(4
)Fair market value of assets
    transferred from affiliates

$
89


$
830


$
  F-68




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  Reinsurance
    Transactions
          Years Ended December 31,2006


2005


2004(In millions)Assumed premiums

$
21


$
37


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


65



194



Assumed fees, included in net
    investment gains (losses)






6



Assumed benefits, included in
    policyholder benefits and claims


11



32



Assumed benefits, included in
    interest credited to policyholder account balances


49



42



Assumed fees, included in other
    expenses


39



543



Assumed deferred acquisition
    costs, included in other expenses


19



(432
)


Total assumed

$
204


$
422


$
Ceded premiums

$
21


$
12


$
1Ceded fees, included in universal
    life and investment-type product policy fees


130



93



37Ceded fees, included in other
    revenues


68



55



12Ceded benefits, included in
    policyholder benefits and claims


86



92



19Ceded fees, included in other
    expenses


64



97



Ceded deferred acquisition costs,
    included in other expenses


13



85



Ceded derivative gains (loss),
    included in net investment gains (losses)


(31
)


5



Total ceded

$
351


$
439


$
69  F-69




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)NOTES TO CONSOLIDATED FINANCIAL
    STATEMENTS  (Continued)
  December 31,2006


2005(In millions)Reinsurance recoverables, included
    in premiums and other receivables

$
2,359


$
2,079Reinsurance recoverables, included
    in other assets

$
89


$
88Assumed (ceded) deferred
    acquisition costs, included in DAC

$
306


$
342Assumed liabilities, included in
    other liabilities

$
8


$
24Ceded balances payable, included
    in other liabilities

$
55


$
140Derivative liabilities, included
    in policyholder account balances

$
(57
)

$
(23
)Assumed liabilities, included in
    future policy benefits

$
26


$
23Assumed liabilities, included in
    other policyholder funds

$
1,182


$
1,001   20.
    Subsequent
    Event   F-70




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
 SCHEDULE I  CONSOLIDATED
    SUMMARY OF INVESTMENTS  
    OTHER THAN INVESTMENTS IN RELATED PARTIES
    DECEMBER 31, 2006
    (In millions)
  Amount atCost or


Estimated


Which Shown onAmortized Cost(1)


Fair Value


Balance SheetType of InvestmentsFixed Maturity Securities:Bonds:U.S. Treasury/agency
    securities

$
5,455


$
5,336


$
5,336State and political subdivision
    securities


1,062



1,030



1,030Foreign government securities


533



573



573Public utilities


2,274



2,233



2,233All other corporate bonds


19,390



19,057



19,057Mortgage-backed and other
    asset-backed securities


18,462



18,400



18,400Redeemable preferred stock


1,230



1,217



1,217Total fixed maturity securities


48,406



47,846



47,846Equity Securities:Common stock:Banks, trust and insurance
    companies


1



1



1Industrial, miscellaneous and all
    other


105



110



110Non-redeemable preferred stock


671



684



684Total equity securities


777



795



795Mortgage and consumer loans


3,595







3,595Policy loans


918







918Real estate and real estate joint
    ventures


180







180Other limited partnership interests


1,082







1,082Short-term investments


777







777Other invested assets


1,241







1,241Total investments

$
56,976






$
56,434     (1)
    
    Cost for fixed maturity securities and mortgage and consumer
    loans represents original cost reduced by repayments, net
    valuation allowances and writedowns from
    other-than-temporary
    declines in value and adjusted for amortization of premiums or
    accretion of discount; for equity securities, cost represents
    original cost reduced by writedowns from
    other-than-temporary
    declines in value; for real estate, cost represents original
    cost reduced by writedowns and adjusted for valuation allowances
    and depreciation; cost for real estate joint ventures and other
    limited partnership interests represents original cost reduced
    for
    other-than-temporary
    impairments or original cost adjusted for equity in earnings and
    distributions. F-71




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  SCHEDULE II
  CONDENSED
    FINANCIAL INFORMATION OF REGISTRANT
    DECEMBER 31, 2006 AND 2005
  (In
    millions)
  2006


2005Condensed Balance
    SheetsAssetsInvestments:Fixed maturity securities
    available-for-sale,
    at estimated fair value (amortized cost: $38,293 and $42,526,
    respectively)

$
37,794


$
41,947Equity securities
    available-for-sale,
    at estimated fair value (cost: $703 and $418, respectively)


719



415Mortgage and consumer loans


2,822



1,837Policy loans


825



843Real estate and real estate joint
    ventures
    held-for-investment


143



71Real estate
    held-for-sale


7



Other limited partnership interests


884



1,106Short-term investments


186



1,219Investment in subsidiaries


3,499



3,187Other invested assets


893



698Total investments


47,772



51,323Cash and cash equivalents


291



331Accrued investment income


473



474Premiums and other receivables


6,128



4,706Deferred policy acquisition costs
    and value of business acquired


1,849



1,924Current income tax recoverable






56Deferred income tax assets


1,281



1,113Goodwill


646



612Other assets


129



102Separate account assets


19,205



19,058Total assets

$
77,774


$
79,699Liabilities and
    Stockholders EquityLiabilities:Future policy benefits

$
17,613


$
16,337Policyholder account balances


24,764



27,298Other policyholder funds


213



219Current income taxes payable


46



Payables for collateral under
    securities loaned and other transactions


8,152



8,620Other liabilities


366



734Separate account liabilities


19,205



19,058Total liabilities


70,359



72,266Stockholders
    Equity:Common stock, par value
    $2.50 per share; 40,000,000 shares authorized;
    34,595,317 shares issued and outstanding at
    December 31, 2006 and 2005


86



86Additional paid-in capital


7,123



7,180Retained earnings


520



581Accumulated other comprehensive
    income (loss)


(314
)


(414
)Total stockholders equity


7,415



7,433Total liabilities and
    stockholders equity

$
77,774


$
79,699    F-72




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  SCHEDULE II
  CONDENSED
    FINANCIAL INFORMATION OF REGISTRANT  (Continued)
    FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
  (In
    millions)
  Years Ended December 31,2006


2005Condensed Statements of
    IncomeRevenuesPremiums

$
176


$
206Universal life and investment-type
    product policy fees


381



185Net investment income


2,167



1,044Equity in earnings of subsidiaries


277



225Other revenues


42



32Net investment gains (losses)


(397
)


(159
)Total revenues


2,646



1,533ExpensesPolicyholder benefits and claims


599



433Interest credited to policyholder
    account balances


926



429Other expenses


388



195Total expenses


1,913



1,057Income before provision for income
    tax


733



476Provision for income tax


136



85Net income

$
597


$
391    F-73




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  SCHEDULE II
  CONDENSED
    FINANCIAL INFORMATION OF REGISTRANT  (Continued)
    FOR THE YEARS ENDED DECEMBER 31, 2006 AND 2005
  (In
    millions)
  Years Ended December 31,2006


2005Condensed Statement of Cash
    FlowsNet cash provided by operating
    activities

$
899


$
2,000Cash flows from investing
    activitiesSales, maturities and repayments
    of:Fixed maturity securities


22,406



18,453Equity securities


218



181Mortgage and consumer loans


878



687Real estate and real estate joint
    ventures


127



44Other limited partnership interests


537



152Purchases of:Fixed maturity securities


(19,021
)


(26,517
)Equity securities


(62
)


Mortgage and consumer loans


(1,870
)


(460
)Real estate and real estate joint
    ventures


(53
)


Other limited partnership interests


(295
)


(233
)Net change in policy loans


18



5Net change in short-term
    investments


1,033



633Net change in other invested assets


(129
)


(728
)Other, net


(1
)


17Net cash provided by (used in)
    investing activities

$
3,786


$
(7,766
)Cash flows from financing
    activitiesPolicyholder account balances:Deposits

$
1,633


$
7,075Withdrawals


(4,936
)


(8,682
)Net change in payables for
    collateral under securities loaned and other transactions


(468
)


7,458Dividends on common stock


(917
)


Other, net


(37
)


(61
)Net cash (used in) provided by
    financing activities


(4,725
)


5,790Change in cash and cash equivalents


(40
)


24Cash and cash equivalents,
    beginning of period


331



307Cash and cash equivalents, end
    of period

$
291


$
331Supplemental disclosures of cash
    flow information:Net cash paid during the year for:Income tax

$
88


$
51Non-cash transactions during the
    period:Contribution of other intangible
    assets, net of income tax

$
162


$
Contribution of goodwill from
    MetLife, Inc.

$
32


$
  F-74




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##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  SCHEDULE II
  NOTES TO
    CONDENSED FINANCIAL INFORMATION OF REGISTRANT
  1.
    Summary
    of Accounting Policies  Business
      MLI-USA MLI-USA.
  MLI-USA MLI-USA
  Basis
    of Presentation
  The Equity Method of
    Accounting for Investments in Common Stock.
      
    Business, Basis of Presentation and Summary of Significant
    Accounting Policies (Note 1)
    Acquisition of MetLife Insurance Company of Connecticut by
    MetLife, Inc. from Citigroup Inc. (Note 2) F-75




---



##### Table of Contents




    Contingencies, Commitments and Guarantees (Note 12)
    Equity (Note 14)  2.
    Support
    Agreement   F-76




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
 SCHEDULE III  CONSOLIDATED
    SUPPLEMENTARY INSURANCE INFORMATION
    AS OF DECEMBER 31, 2006, 2005 AND 2004
    (In millions)
  DAC


Future Policy


Policyholderand


Benefits and Other


Account


UnearnedSegment

VOBA


Policyholder Funds


Balances


Revenue(1)2006Individual

$
4,946


$
3,769


$
20,660


$
260Institutional


165



12,895



14,496



3Corporate & Other






4,503



(57
)


$
5,111


$
21,167


$
35,099


$
2632005Individual

$
4,753


$
3,452


$
21,403


$
141Institutional


161



11,880



16,460



1Corporate & Other






4,305



(23
)


$
4,914


$
19,637


$
37,840


$
1422004(2)

$
678


$
149


$
4,591


$
6     (1)
    
    Amounts are included within the future policy benefits and other
    policyholder funds column.(2)
    
    Prior to the Acquisition of MetLife Connecticut by MetLife,
    MLI-USA operated as a single segment. F-77




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
  SCHEDULE III
  CONSOLIDATED
    SUPPLEMENTARY INSURANCE INFORMATION
    FOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
    (In millions)
  Premium





Policyholder


Amortization ofRevenue


Net


Benefits and


DAC and VOBA


Other


Premiumsand Policy


Investment


Interest


Charged to


Operating


WrittenSegment

Charges


Income


Credited


Other Expenses


Expenses(1)


(Excluding Life)2006Individual

$
1,462


$
985


$
984


$
481


$
564


$
Institutional


89



1,449



1,097



6



10



9Corporate & Other


25



405



27



1



111



25$
1,576


$
2,839


$
2,108


$
488


$
685


$
342005(2)Individual

$
997


$
530


$
641


$
287


$
353


$
Institutional


133



712



627



1



29



9Corporate & Other


13



196



22







8



13$
1,143


$
1,438


$
1,290


$
288


$
390


$
222004(3)

$
168


$
207


$
171


$
115


$
64


$
     (1)
    
    Includes other expenses excluding amortization of deferred
    acquisition costs and value of business acquired charged to
    other expenses.(2)
    
    Includes six months of results for MetLife Connecticut and
    twelve months of results for MLI-USA.(3)
    
    Prior to the acquisition of MetLife Connecticut by MetLife,
    MLI-USA operated as a single segment. F-78




---



##### Table of Contents



METLIFE
    INSURANCE COMPANY OF CONNECTICUT (A
    Wholly-Owned Subsidiary of MetLife, Inc.)
 SCHEDULE IV  CONSOLIDATED
    REINSURANCE
    FOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004
    (In millions)
  % AmountAssumedGross Amount


Ceded


Assumed


Net Amount


to Net2006Life insurance in force

$
153,390


$
119,281


$
14,374


$
48,483



29.6
%Insurance premiumLife insurance

$
323


$
72


$
21


$
272



7.7
%Accident and health


276



240







36




%Total insurance premium

$
599


$
312


$
21


$
308



6.8
%   % AmountAssumedGross Amount


Ceded


Assumed


Net Amount


to Net2005Life insurance in force

$
126,362


$
93,686


$
16,921


$
49,597



34.1
%Insurance premiumLife insurance

$
269


$
45


$
38


$
262



14.5
%Accident and health


144



125







19




%Total insurance premium

$
413


$
170


$
38


$
281



13.5
%   % AmountAssumedGross Amount


Ceded


Assumed


Net Amount


to Net2004Life insurance in force

$
4,310


$
2,759


$



$
1,551




%Insurance premiumLife insurance

$
13


$
4


$



$
9




%Total insurance premium

$
13


$
4


$



$
9




%    F-79




---



##### Table of Contents



Item 9.
    Changes
    in and Disagreements With Accountants on Accounting and
    Financial Disclosure    Item 9A.
    Controls
    and Procedures  Disclosure
    Controls and Procedures
  Rules 13a-15(e) 15d-15(e)
  Rule 13a-15(f)
  Item 9B.
    Other
    Information   51




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##### Table of Contents



PART III  Item 10.
    Directors
    and Executive Officers of the Registrant  Form 10-K.
  Item 11.
    Executive
    Compensation  Form 10-K.
  Item 12.
    Security
    Ownership of Certain Beneficial Owners and Management and
    Related Stockholder Matters  Form 10-K.
  Item 13.
    Certain
    Relationships and Related Transactions  Form 10-K.
  Item 14.
    Principal
    Accountant Fees and Services    2006


2005(In millions)Audit Fees(1)

$
8.94


$
9.63Audit-Related Fees(2)

$



$
2.89Tax Fees(3)

$



$
All Other Fees(4)

$



$
     (1)
    
    Fees for services to perform an audit or review in accordance
    with auditing standards of the Public Company Accounting
    Oversight Board (PCAOB) and services that generally
    only the Companys independent auditor can reasonably
    provide, such as comfort letters, statutory audits, attest
    services, consents and assistance with and review of documents
    filed with the SEC.(2)
    
    Fees for assurance and related services that are traditionally
    performed by the Companys independent auditor, such as
    audit and related services for due diligence related to mergers
    and acquisitions, accounting consultations and audits in
    connection with proposed or consummated acquisitions, internal
    control reviews, attest services not required by statute or
    regulation, and consultation concerning financial accounting and
    reporting standards.(3)
    
    Fees for tax compliance, consultation and planning services. Tax
    compliance generally involves preparation of original and
    amended tax returns, claims for refunds and tax payment planning
    services. Tax consultation and tax planning encompass a diverse
    range of services, including assistance in connection with tax
    audits and filing appeals, tax advice related to mergers and
    acquisitions, advice related to employee benefit plans and
    requests for rulings or technical advice from taxing authorities.(4)
    
    De minimis fees for other types of permitted services.  Approval
    of Fees
   52




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53




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##### Table of Contents



PART IV  Item 15.
    Exhibits
    and Financial Statement Schedules               54




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##### Table of Contents



SIGNATURES      Metlife Insurance Company
    of Connecticut
  By:
    /s/  Michael
    K. Farrell   Title:
    President and Director    Signature

Title

Date/s/  William
    J. MullaneyWilliam
    J. Mullaney

Director

April 2, 2007/s/  Lisa
    M. WeberLisa
    M. Weber

Director

April 2, 2007/s/  Michael
    K. FarrellMichael
    K. Farrell

President and Director 
    (Principal Executive Officer)

April 2, 2007/s/  Stanley
    J. TalbiStanley
    J. Talbi

Executive Vice President and 
    Chief Financial Officer 
    (Principal Financial Officer)

April 2, 2007/s/  Joseph
    J.
    Prochaska, Jr.Joseph
    J. Prochaska, Jr.

Executive Vice President and 
    Chief Accounting Officer 
    (Principal Accounting Officer)

April 2, 2007      55




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##### Table of Contents



EXHIBIT INDEX  Exhibit No.

Description2
.1

Acquisition Agreement between
    MetLife, Inc. and Citigroup Inc., dated as of January 31,
    2005 (Incorporated by reference to Exhibit 2.1 to MetLife,
    Inc.s Current Report on
    Form 8-K
    dated February 4, 2005)3
.1

Charter of The Travelers Insurance
    Company (MICC, now MetLife Insurance Company of
    Connecticut), as effective October 19, 1994 (Incorporated
    by reference to Exhibit 3.1 to MICCs Annual Report on
    Form 10-K
    for the fiscal year ended December 31, 2005 (the 2005
    Annual Report))3
.2

Certificate of Amendment of the
    Charter as Amended and Restated of MICC, as effective
    May 1, 2006 (Incorporated by reference to Exhibit 3.2
    to the 2005 Annual Report)3
.3

By-laws of MICC, as effective
    October 20, 1994 (Incorporated by reference to
    Exhibit 3.3 to the 2005 Annual Report)10
.1

Transfer Agreement by and between
    MICC and MetLife Investors Group, Inc. dated as of
    October 11, 2006 (Incorporated by reference to
    Exhibit 10.1 to MICCs Quarterly Report on
    Form 10-Q
    for the quarter ended September 30, 2006)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  E-1