##### Table of Contents





UNITED STATES SECURITIES AND
    EXCHANGE COMMISSIONWashington, 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, 2008oro

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

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

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

Accelerated filer
    oNon-accelerated filer
    þ

Smaller reporting company
    o(Do not check if a smaller reporting company)   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


3Item 1A.


Risk Factors


18Item 1B.


Unresolved Staff Comments


40Item 2.


Properties


40Item 3.


Legal Proceedings


40Item 4.


Submission of Matters to a Vote of Security
    Holders


41Part IIItem 5.


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


42Item 6.


Selected Financial Data


43Item 7.


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


43Item 7A.


Quantitative and Qualitative Disclosures About
    Market Risk


69Item 8.


Financial Statements and Supplementary Data


77Item 9.


Changes in and Disagreements With Accountants on
    Accounting and Financial Disclosure


78Item 9A(T).


Controls and Procedures


78Item 9B.


Other Information


78Part IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


79Item 11.


Executive Compensation


79Item 12.


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


79Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


79Item 14.


Principal Accountant Fees and Services


79Part IVItem 15.


Exhibits and Financial Statement Schedules


81Signatures


82Exhibit Index


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




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Note
    Regarding Forward-Looking Statements
  Form 10-K,
  Note
    Regarding Reliance on Statements in Our Contracts
  Form 10-K,
  
    should not in all instances be treated as categorical statements
    of fact, but rather as a way of allocating the risk to one of
    the parties if those statements prove to be inaccurate;
    have been qualified by disclosures that were made to the other
    party in connection with the negotiation of the applicable
    agreement, which disclosures are not necessarily reflected in
    the agreement;
    may apply standards of materiality in a way that is different
    from what may be viewed as material to investors; and
    were made only as of the date of the applicable agreement or
    such other date or dates as may be specified in the agreement
    and are subject to more recent developments.  Form 10-K
 2




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Part I  Item 1.
    Business  Form 10-K,
    Overview
  2008
    Market and Economic Events Impacting Our Business
         3




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Impact
    of 2008 Market and Economic Events on Our Business
    Credit Market Impacts.
  Equity Market Impacts.
  Foreign Currency Impacts.
  Impact on Net Investment Gains (Losses).
 4




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Impact of Credit Spread Widening and Fair Value
    Accounting. Fair Value Measurements,
  Goodwill Impacts.
  Impact on Net Investment Income.
  Business Fundamentals and Other
    Events.
  Securities Lending Program.
  Liquidity Position.
  Ratings.
 5




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Individual
    Life
    and Protection Solution Products
    Variable Life.
  Universal Life.
  Whole Life.
  Term Life.
  Retirement
    and Wealth Strategies Products
    Variable Annuities.
 6




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Fixed Annuities. and/or
  Mutual Funds and Securities.
  Marketing
    and Distribution
        Institutional
   7




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Marketing
    and Distribution
      Group
    Insurance Products and Services
    Group Life.
  Non-Medical Health.
  Retirement &
    Savings Products and Services
    Guaranteed Interest and Stable Value
    Products.
  Accumulation and Income Annuities.
  Other Retirement & Savings Products and
    Services.
  Corporate &
    Other
  start-up
  Policyholder
    Liabilities
       8




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Underwriting
    and Pricing
     9




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Reinsurance
    Activity
       10




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11




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Reinsurance
    Recoverables
    December 31,2008


2007(In millions)Unaffiliated recoverables:Future policy benefit recoverables

$
5,347


$
4,774Deposit recoverables


98



73Claim recoverables


74



52All other recoverables


7



6Total

$
5,526


$
4,905Affiliated recoverables:Future policy benefit recoverables

$
3,296


$
1,142Deposit recoverables


3,041



1,953Claim recoverables


13



38All other recoverables


197



24Total

$
6,547


$
3,157     Regulation
  Insurance
    Regulation
       12




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Holding Company Regulation.
    Guaranty Associations and Similar
    Arrangements.
    Statutory Insurance Examination.
  Policy and Contract Reserve Sufficiency
    Analysis.
  Surplus and Capital.
  Risk-Based Capital (RBC).
 13




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Regulation of Investments.
  Federal Initiatives.
  Legislative Developments.
      Governmental
    Responses to Extraordinary Market Conditions
  U.S. Federal Governmental
    Responses.
 14




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
    expanding the types of institutions that have access to the
    Federal Reserve Bank of New Yorks discount window;
    providing asset guarantees and emergency loans to particular
    distressed companies;
    a temporary ban on short selling of shares of certain financial
    institutions;
    programs intended to reduce the volume of mortgage foreclosures
    by modifying the terms of mortgage loans for distressed
    borrowers;
    temporarily guaranteeing money market funds; and
    programs to support the mortgage-backed securities market and
    mortgage lending.         15




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State Insurance Regulatory Responses.
  Foreign Governmental Responses.
  Broker-Dealer
    and Securities Regulation
       16




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Company
    Ratings
    Rating
    Stability Indicators
    Ratings
    Actions
        Insurer
    Financial Strength Ratings
  A.M. Best (1)


Fitch (2)


Moodys (3)


S&P (4)MetLife Insurance Company of Connecticut


A+



AA



Aa2



AA−MetLife Investors USA Insurance Company


A+



AA



Aa2



AA−     (1)
    
    A.M. Best financial strength ratings range from A++
    (superior) to S (Suspended). Ratings of
    A+ and A are in the superior
    and excellent categories, respectively.(2)
    
    Fitch insurer financial strength ratings range from AAA
    (exceptionally strong) to C (ceased or interrupted
    payments imminent). 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 insurance 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 Aa is in the
    excellent category.(4)
    
    S&P long-term insurer financial strength ratings range from
    AAA (extremely strong) to R (under regulatory
    supervision). 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.   17




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Item 1A.
    Risk
    Factors  Adverse
    Capital and Credit Market Conditions May Significantly Affect
    Our Ability to Meet Liquidity Needs, Access to Capital and Cost
    of Capital
            Difficult
    Conditions in the Global Capital Markets and the Economy
    Generally May Materially Adversely Affect Our Business and
    Results of Operations and These Conditions May Not Improve in
    the Near Future
   18




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There
    Can be No Assurance that Actions of the U.S. Government, Federal
    Reserve Bank of New York and Other Governmental and Regulatory
    Bodies for the Purpose of Stabilizing the Financial Markets Will
    Achieve the Intended Effect
   19




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The
    Impairment of Other Financial Institutions Could Adversely
    Affect Us
    Our
    Participation in a Securities Lending Program Subjects Us to
    Potential Liquidity and Other Risks
   20




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We Are
    Exposed to Significant Financial and Capital Markets Risk which
    May Adversely Affect Our Results of Operations, Financial
    Condition and Liquidity, and Our Net Investment Income Can Vary
    from Period to Period
   21




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22




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Our
    Requirements to Pledge Collateral Related to Declines in Value
    of Specified Assets May Adversely Affect Our Liquidity and
    Expose Us to Counterparty Credit Risk
    Defaults
    on Our Mortgage and Consumer Loans and Volatility in Performance
    May Adversely Affect Our Profitability
     23




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Our
    Investments are Reflected Within the Consolidated Financial
    Statements Utilizing Different Accounting Basis and Accordingly
    We May Not Have Recognized Differences, Which May Be
    Significant, Between Cost and Estimated Fair Value in our
    Consolidated Financial Statements
    
    Fixed maturity and equity securities are classified as
    available-for-sale and are reported at their estimated fair
    value. Unrealized investment gains and losses on these
    securities are recorded as a separate component of other
    comprehensive income (loss), net of policyholder related amounts
    and deferred income taxes.
    Short-term investments include investments with remaining
    maturities of one year or less, but greater than three months,
    at the time of acquisition and are stated at amortized cost,
    which approximates estimated fair value, or stated at estimated
    fair value, if available. Short-term investments also include
    investments in affiliated money market pools.
    The carrying value of mortgage and consumer loans is stated at
    original cost net of repayments, amortization of premiums,
    accretion of discounts and valuation allowances.
    Policy loans are stated at unpaid principal balances.
    Real estate held-for-investment, including related improvements,
    is stated at cost, less accumulated depreciation.
    Real estate joint ventures and other limited partnership
    interests in which we have more than a minor equity interest or
    more than a minor influence over the joint ventures or
    partnerships operations, but where we do not have a
    controlling interest and are not the primary beneficiary, are
    carried using the equity method of accounting. We use the cost
    method of accounting for investments in real estate joint
    ventures and other limited partnership interests in which we
    have a minor equity investment and virtually no influence over
    the joint ventures or the partnerships operations.
    Other invested assets consist principally of freestanding
    derivatives with positive estimated fair values. Freestanding
    derivatives are carried at estimated fair value with changes in
    estimated fair value reflected in income for both non-qualifying
    derivatives and derivatives in fair value hedging relationships.
    Derivatives in cash flow hedging relationships are reflected as
    a separate component of other comprehensive income (loss).    Our
    Valuation of Fixed Maturity, Equity and Trading Securities May
    Include Methodologies, Estimations and Assumptions Which Are
    Subject to Differing Interpretations and Could Result in Changes
    to Investment Valuations that May Materially Adversely Affect
    Our Results of Operations or Financial Condition
   24




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Level 1
    Unadjusted quoted prices in active markets for identical assets
    or liabilities. We define active markets based on average
    trading volume for equity securities. The size of the bid/ask
    spread is used as an indicator of market activity for fixed
    maturity securities.Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities.Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the fair value of the assets or
    liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of fair value
    requires significant management judgment or estimation.         25




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and/or
  Some
    of Our Investments Are Relatively Illiquid and Are in Asset
    Classes that Have Been Experiencing Significant Market Valuation
    Fluctuations
        The
    Determination of the Amount of Allowances and Impairments Taken
    on Our Investments is Highly Subjective and Could Materially
    Impact Our Results of Operations or Financial
    Position
    case-by-case
   26




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Gross
    Unrealized Losses on Fixed Maturity and Equity Securities May be
    Realized or Result in Future Impairments, Resulting in a
    Reduction in Our Net Income
    Changes
    in Market Interest Rates May Significantly Affect Our
    Profitability
       27




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Consolidation
    of Distributors of Insurance Products May Adversely Affect the
    Insurance Industry and the Profitability of Our
    Business
    Industry
    Trends Could Adversely Affect the Profitability of Our
    Business
    A
    Decline in Equity Markets or an Increase in Volatility in Equity
    Markets May Adversely Affect Sales of Our Investment Products
    and Our Profitability
         28




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If Our
    Business Does Not Perform Well, We May Be Required to Recognize
    an Impairment of Our Goodwill or Other Long-Lived Assets or to
    Establish a Valuation Allowance Against the Deferred Income Tax
    Asset, Which Could Adversely Affect Our Results of Operations or
    Financial Condition
          Competitive
    Factors May Adversely Affect Our Market Share and
    Profitability
  e-business
     29




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We May
    be Unable to Attract and Retain Sales Representatives for Our
    Products
    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
   30




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Catastrophes
    May Adversely Impact Liabilities for Policyholder Claims and
    Reinsurance Availability
            A
    Downgrade or a Potential Downgrade in Our Financial Strength
    Ratings or those of MetLifes Other Insurance Subsidiaries,
    or MetLifes Credit Ratings Could Result in a Loss of
    Business and Materially Adversely Affect Our Financial Condition
    and Results of Operations
   31




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
    reducing new sales of insurance products, annuities and other
    investment products;
    adversely affecting our relationships with our sales force and
    independent sales intermediaries;
    materially increasing the number or amount of policy surrenders
    and withdrawals by contractholders and policyholders;
    requiring us to reduce prices for many of our products and
    services to remain competitive; and
    adversely affecting our ability to obtain reinsurance at
    reasonable prices or at all.      Guarantees
    Within Certain of Our Products that Protect Policyholders
    Against Significant Downturns in Equity Markets May Decrease Our
    Earnings, Increase the Volatility of Our Results if Hedging or
    Risk Management Strategies Prove Ineffective, Result in Higher
    Hedging Costs, Expose Us to Increased Counterparty Risk and
    Result in Our Own Credit Exposure
   32




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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
        Defaults,
    Downgrades or Other Events Impairing the Value of Our Fixed
    Maturity Securities Portfolio May Reduce Our
    Earnings
   33




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Fluctuations
    in Foreign Currency Exchange Rates and Foreign Securities
    Markets Could Negatively Affect Our Profitability
  non-U.S. dollar non-U.S. dollar
      Our
    International Operations Face Political, Legal, Operational and
    Other Risks that Could Negatively Affect Those Operations or Our
    Profitability
    start-up
  Reinsurance
    May Not Be Available, Affordable or Adequate to Protect Us
    Against Losses
   34




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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
      Our
    Insurance Businesses Are Heavily Regulated, and Changes in
    Regulation May Reduce Our Profitability and Limit Our
    Growth
  non-U.S. insurance
    
    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; 35




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
    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
  and/or
       36




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Litigation
    and Regulatory Investigations Are Increasingly Common in Our
    Businesses and May Result in Significant Financial Losses and
    Harm to Our Reputation
            Changes
    in Accounting Standards Issued by the Financial Accounting
    Standards Board or Other Standard-Setting Bodies May Adversely
    Affect Our Financial Statements
  and/or Form 10-K Form 10-Q.
 37




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Changes
    in U.S. Federal and State Securities Laws and Regulations May
    Affect Our Operations and Our Profitability
      Changes
    in Tax Laws, Tax Regulations, or Interpretations of Such Laws or
    Regulations Could Increase Our Corporate Taxes; Changes in Tax
    Laws Could Make Some of Our Products Less Attractive to
    Consumers
       38




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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
    We
    Face Unforeseen Liabilities or Asset Impairments Arising from
    Possible Acquisitions and Dispositions of Businesses or
    Difficulties Integrating Such Businesses
     39




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Guarantees
    Within Certain of Our Variable Annuity Guarantee Riders that
    Protect Policyholders Against Significant Downturns in Equity
    Markets May Increase the Volatility of Our Results Related to
    the Inclusion of an Own Credit Adjustment in the Estimated Fair
    Value of the Liability for These Riders
    Item 1B.
    Unresolved
    Staff Comments    Item 2.
    Properties      Item 3.
    Legal
    Proceedings  and/or
   40




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Travelers Ins. Co., et al. v. Banc of America Securities
    LLC (S.D.N.Y., filed December 13, 2001).
    and/or and/or
  Item 4.
    Submission
    of Matters to a Vote of Security Holders  Form 10-K.
 41




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Part II  Item 5.
    Market
    for Registrants Common Equity, Related Stockholder Matters
    and Issuer Purchases of Equity Securities         42




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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.
    and/or
 43




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Summary
    of Critical Accounting Estimates
                              Fair
    Value
   44




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Level 1
    Unadjusted quoted prices in active markets for identical assets
    or liabilities. The Company defines active markets based on
    average trading volume for equity securities. The size of the
    bid/ask spread is used as an indicator of market activity for
    fixed maturity securities.Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities.Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the estimated fair value of the
    assets or liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of estimated
    fair value requires significant management judgment or
    estimation.      Estimated
    Fair Values of Investments
       45




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Investment
    Impairments
  case-by-case
    (i)
    the length of time and the extent to which the estimated fair
    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;(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 mortgage-backed
    and asset-backed securities; and 46




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(viii)
    other subjective factors, including concentrations and
    information obtained from regulators and rating agencies.      Recognition
    of Income on Certain Investment Entities
    Application
    of the Consolidation Rules to Certain Investments
  Consolidation of Variable Interest Entities  An
    Interpretation of Accounting Research Bulletin No. 51
    Derivative
    Financial Instruments
   47




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Embedded
    Derivatives
   48




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Deferred
    Policy Acquisition Costs and Value of Business
    Acquired
   49




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50




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Years Ended December 31,2008


2007


2006(In millions)Investment return

$
(25
)

$
(15
)

$
(16
)Separate account balances


(365
)


3



8Net investment gain (loss) related


(225
)


(28
)


84Expense


7



(8
)


13In-force/Persistency


(50
)


(27
)


(24
)Other


(6
)


(41
)


(35
)Total

$
(664
)

$
(116
)

$
30     
    The decrease in equity markets during the year significantly
    lowered separate account balances resulting in a significant
    reduction in expected future gross profits on variable universal
    life contracts and variable deferred annuity contracts resulting
    in an increase of $365 million in DAC and VOBA amortization.
    The significant increase in net investment gains increased
    actual gross profit during the current period, resulting in an
    increase of $225 million in DAC and VOBA amortization. The
    increase in net investment gains was primarily driven by
    increase in derivative gains on freestanding derivatives and the
    net embedded derivative gains associated with the direct and
    ceded guarantee obligations. 51




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
    Increases in amortization resulting from changes in assumptions
    related to in-force/persistency of $50 million were driven
    by higher than anticipated partial withdrawal and lower than
    anticipated premium persistency during the current year.    Goodwill
               52




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Liability
    for Future Policy Benefits
            Income
    Taxes
     53




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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
   54




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Economic
    Capital
    Results
    of Operations
  Discussion
    of Results
    Years Ended December 31,2008


2007(In millions)RevenuesPremiums

$
634


$
353Universal life and investment-type product policy fees


1,378



1,411Net investment income


2,494



2,893Other revenues


230



251Net investment gains (losses)


549



(142
)Total revenues


5,285



4,766ExpensesPolicyholder benefits and claims


1,446



978Interest credited to policyholder account balances


1,130



1,299Other expenses


1,933



1,446Total expenses


4,509



3,723Income from continuing operations before provision for income tax


776



1,043Provision for income tax


203



303Income from continuing operations


573



740Income from discontinued operations, net of income tax






4Net income

$
573


$
744   Income
    from Continuing Operations
     55




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
    An increase in DAC amortization of $275 million, net of
    income tax, within the Individual segment, primarily related to
    lower expected future gross profits due to separate account
    balance decreases resulting from recent market declines, higher
    net investment gains primarily due to net derivative gains and
    lower expected gross profit due to higher than anticipated
    partial withdrawal and lower than anticipated premium
    persistency. This increase in DAC and VOBA amortization was
    partially offset by higher DAC amortization in the Institutional
    segment in the prior year due to the adoption of Statement of
    Position (SOP)
    05-1,
    Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts(SOP
    05-1).
    Increase in policyholder benefits and claims of
    $101 million, net of income tax, primarily due to higher
    guaranteed annuity benefit rider costs and higher amortization
    of sales inducements.
    A decrease in interest margins of $74 million, net of
    income tax. Management primarily attributes this to a decrease
    of $80 million and $13 million, net of income tax, in
    the annuity and variable and universal life businesses,
    respectively. These decreases were offset by an increase in
    retirement & savings and group life businesses of
    $15 million and $5 million, net of income tax,
    respectively, partially offset by a decrease in non-medical
    health and other business of $1 million, net of income tax.
    Interest margin is the difference between interest earned and
    interest credited to policyholder account balances. Interest
    earned approximates net investment income on investable assets
    with minor adjustments related to the consolidation of certain
    separate accounts and other minor non-policyholder elements.
    Interest credited is the amount attributed to insurance
    products, recorded in policyholder benefits and claims, and the
    amount credited to policyholder account balances for
    investment-type products, recorded in interest credited to
    policyholder account balances. Interest credited on insurance
    products reflects the current year impact of the interest rate
    assumptions established at issuance or acquisition. Interest
    credited to policyholder account balances is subject to
    contractual terms, including some minimum guarantees. This tends
    to move gradually over time to reflect market interest rate
    movements and may reflect actions by management to respond to
    competitive pressures and, therefore, generally does not
    introduce volatility in expense.
    A decrease in net investment income of $60 million, net of
    income tax, primarily due to reduced yields on other limited
    partnerships including hedge funds and real estate joint
    ventures. The reduction in yields associated with other limited
    partnership interests including hedge funds was primarily due to
    the lack of liquidity and credit in the financial markets as
    well as unprecedented investor redemptions in an environment
    with steep declines in the public equity and debt markets. The
    decrease in real estate joint ventures yields 56




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##### Table of Contents



was primarily due a slow down in lease and related sales
    activities in a year with declining property values as well as
    fund investment write-downs.  
    An increase in other expenses excluding DAC amortization of
    $40 million, net of income tax, due primarily to higher
    non-deferrable volume related expenses and higher interest
    expenses, which decreased income from continuing operations.
    A decrease in underwriting results of $43 million, net of
    income tax, primarily due to decreases in life products,
    retirement & savings and non-medical
    health & other businesses partially offset by an
    increase in the group life business. Underwriting results are
    generally the difference between the portion of premium and fee
    income intended to cover mortality, morbidity or other insurance
    costs, less claims incurred, and the change in insurance-related
    liabilities. Underwriting results are significantly influenced
    by mortality, morbidity or other insurance-related experience
    trends, as well as the reinsurance activity related to certain
    blocks of business. Consequently, results can fluctuate from
    year to year.
    A decrease in other revenues combined with universal life and
    investment-type product policy fees of $35 million, net of
    income tax primarily due to a reinsurance agreement with an
    affiliate partially offset by fee growth in the life products.      Revenues
         57




---



##### Table of Contents



Expenses
        SOP 05-1
  Liquidity
    and Capital Resources
  Extraordinary
    Market Conditions
   58




---



##### Table of Contents



Liquidity Management.
      Liquidity Needs of the Insurance Business.
     59




---



##### Table of Contents



Securities Lending.
    Internal Asset Transfers.
    Collateral.
  Government Programs.
 60




---



##### Table of Contents



Off-Balance
    Sheet Arrangements
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities and Private Corporate Bond
    Investments
    Lease
    Commitments
    Other
    Commitments
     61




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##### Table of Contents



Guarantees
          Collateral
    for Securities Lending
    Insolvency
    Assessments
   62




---



##### Table of Contents



December 31,2008


2007(In millions)Other Assets:Premium tax offset for future undiscounted assessments

$
6


$
8Premium tax offsets currently available for paid assessments


1



1$
7


$
9Other Liabilities:Insolvency assessments

$
10


$
17     Effects
    of Inflation
      Adoption
    of New Accounting Pronouncements
  Fair
    Value
   63




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##### Table of Contents



The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  No. FAS 157-1, Application of FASB Statement No. 157 to FASB Statement
    No. 13 and Other Accounting Pronouncements That Address
    Fair Value Measurements for Purposes of Lease Classification or
    Measurement under Statement 13 (FSP 157-1). FSP 157-1 Accounting for Leases No. FAS 157-2, Effective Date of FASB Statement No. 157
  No. FAS 157-3, Determining the Fair Value of a Financial Asset When the
    Market for That Asset is Not Active (FSP 157-3). FSP 157-3 FSP 157-3
  Investments
  No. FAS 140-4 FIN 46(r)-8, Disclosures by Public Entities (Enterprises) about Transfers
    of Financial Assets and Interests in Variable Interest Entities (FSP 140-4 FIN 46(r)-8). FSP 140-4 FIN 46(r)-8
  No. EITF 99-20-1, Amendments to the Impairment Guidance of EITF Issue
    No. 99-20 EITF 99-20-1). EITF 99-20-1 No. 99-20, Recognition of Interest Income and Impairment on Purchased
    Beneficial Interests and Beneficial Interests That Continue to
    Be Held by a Transferor in Securitized Financial Assets, other-than-temporary Accounting for Certain Investments in
    Debt and Equity Securities, available-for-sale held-to-maturity. EITF 99-20-1
  Derivative
    Financial Instruments
  No. FAS 133-1 FIN 45-4, Disclosures about Credit Derivatives and Certain
    Guarantees  An Amendment of FASB Statement
    No. 133 and FASB Interpretation No. 45; and
    Clarification of the Effective Date of FASB Statement
    No. 161 (FSP 133-1 FIN 45-4). FSP 133-1
 64




---



##### Table of Contents



FIN 45-4 Accounting for Derivative
    Instruments and Hedging Activities Guarantors
    Accounting and Disclosure Requirements for Guarantees, Including
    Indirect Guarantees of Indebtedness of Others  An
    Interpretation of FASB Statements No. 5, 57, and 107 and
    Rescission of FASB Interpretation No. 34
  No. E-23, Clarification of the Application of the Shortcut Method E-23). E-23 E-23
  Accounting for Certain
    Hybrid Instruments Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities
  (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 QSPE from
    holding a derivative financial instrument that pertains to a
    beneficial interest other than another derivative financial
    interest.    Embedded
    Derivatives: Application of Paragraph 13(b) to Securitized
    Interests in Prepayable Financial Assets
  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 Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
 65




---



##### Table of Contents



Income
    Taxes
  Accounting for Uncertainty in Income
    Taxes  An Interpretation of FASB Statement
    No. 109
  Insurance
    Contracts
  SOP 05-1 Accounting and Reporting by Insurance
    Enterprises for Certain Long-Duration Contracts and for Realized
    Gains and Losses from the Sale of Investments SOP 05-1 SOP 05-1. SOP 05-1.
  SOP 05-1
  SOP 05-1 SOP 05-1, SOP 05-1,
  Other
    Pronouncements
  No. FIN 39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts
    Related to Certain Contracts FSP 39-1 FSP 39-1, FSP 39-1
  No. 07-6, Accounting for the Sale of Real Estate When the Agreement
    Includes a Buy-Sell Clause (EITF 07-6) EITF 07-6
 66




---



##### Table of Contents



EITF 07-6 EITF 07-6
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement No. 140
  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
  Future
    Adoption of New Accounting Pronouncements
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date.
    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities. 67




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##### Table of Contents




    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions.
    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    No. 08-6, Equity Method Investment Accounting Considerations (EITF 08-6). EITF 08-6 EITF 08-6 EITF 08-6
  No. 08-7, Accounting for Defensive Intangible Assets (EITF 08-7). EITF 08-7 EITF 08-7
  No. FAS 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 Goodwill and Other Intangible Assets FSP 142-3
  Derivative
    Financial Instruments
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  Other
    Pronouncements
  No. 08-5, Issuers Accounting for Liabilities Measured at Fair
    Value with a Third-Party Credit Enhancement
    (EITF 08-5). EITF 08-5 EITF 08-5
 68




---



##### Table of Contents



EITF 08-5 EITF 08-5
  No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase
    Financing Transactions (FSP 140-3). FSP 140-3 FSP 140-3 FSP 140-3
  Item 7A.
    Quantitative
    and Qualitative Disclosures About Market Risk  Risk
    Management
      Enterprise Risk Management.
    
    implementing a Board of Directors approved corporate risk
    framework, which outlines the Companys approach for
    managing risk on an enterprise-wide basis;
    developing policies and procedures for managing, measuring,
    monitoring and controlling 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 Finance and Risk Policy
    Committee of the Companys Board of Directors and various
    financial and non-financial senior management committees.    Asset/Liability Management
    (ALM).
 69




---



##### Table of Contents



Market
    Risk Exposures
    Interest Rates.
  Foreign Currency Exchange Rates. non-U.S. dollar
  Equity Prices.
  Management
    of Market Risk Exposures
    Interest Rate Risk Management.
 70




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##### Table of Contents



Foreign Currency Exchange Rate Risk
    Management.
  
    The Companys Treasury Department is responsible for
    managing the exposure to investments in foreign subsidiaries.
    Limits to exposures are established and monitored by the
    Treasury Department and managed by the Investment Department.
    The Investment Department is responsible for managing the
    exposure to foreign currency investments. Exposure limits to
    unhedged foreign currency investments are incorporated into the
    standing authorizations granted to management by the Board of
    Directors and are reported to the Board of Directors on a
    periodic basis.
    The lines of business are responsible for establishing limits
    and managing any foreign exchange rate exposure caused by the
    sale or issuance of insurance products.    Equity Price Risk Management.
 71




---



##### Table of Contents



Hedging Activities.
  
    Risks Related to Living Benefit Riders  The
    Company uses a wide range of derivative contracts to hedge the
    risk associated with variable annuity living benefit riders.
    These hedges include equity and interest rate futures, interest
    rate, currency and equity variance swaps, interest rate and
    currency forwards, and interest rate option contracts.
    Minimum Interest Rate Guarantees For certain
    Company liability contracts, the Company provides the
    contractholder a guaranteed minimum interest rate. These
    contracts include certain fixed annuities and other insurance
    liabilities. The Company purchases interest rate floors to
    reduce risk associated with these liability guarantees.
    Reinvestment Risk in Long Duration Liability
    Contracts  Derivatives are used to hedge interest
    rate risk related to certain long duration liability contracts,
    such as long-term care. Hedges include zero coupon interest rate
    swaps and swaptions.
    Foreign Currency Risk  The Company uses
    currency swaps and forwards to hedge currency risk. These hedges
    primarily swap foreign denominated bonds or equity exposures to
    U.S. dollars.
    General ALM Hedging Strategies  In the
    ordinary course of managing the Companys asset/liability
    risks, the Company uses interest rate futures, interest rate
    swaps, interest rate caps, interest rate floors and inflation
    swaps. These hedges are designed to reduce interest rate risk or
    inflation risk related to the existing assets or liabilities or
    related to expected future cash flows.  Risk
    Measurement: Sensitivity Analysis
    
    the net present values of its interest rate sensitive exposures
    resulting from a 10% change (increase or decrease) in interest
    rates;
    the U.S. dollar equivalent estimated fair values of the
    Companys foreign currency exposures due to a 10% change
    (increase or decrease) in foreign currency exchange
    rates; and
    the estimated fair value of its equity positions due to a 10%
    change (increase or decrease) in equity market prices.    
    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;
    the derivatives that qualify as hedges, the impact on reported
    earnings may be materially different from the change in market
    values; 72




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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.      December 31, 2008(In millions)Non-trading:Interest rate risk

$
555Foreign currency exchange rate risk

$
6Equity price risk

$
34  73




---



##### Table of Contents



Sensitivity Analysis; Interest Rates.
  December 31, 2008Assuming aNotional


Estimated


10% IncreaseAmount


Fair Value(3)


in the Yield Curve(In millions)AssetsFixed maturity securities





$
34,846


$
(454
)Equity securities






474



Trading securities






232



Mortgage and consumer loans






4,252



(15
)Policy loans






1,296



(6
)Real estate joint venture (1)






103



Other limited partnership interests (1)






247



Short-term investments






3,127



Cash and cash equivalents






5,656



Accrued investment income






487



Premiums and other receivables






2,700



(70
)Net embedded derivatives within asset host contracts (2)






2,062



(157
)Mortgage loan commitments

$
231



(15
)


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


332



(101
)


Total assets









$
(703
)LiabilitiesPolicyholder account balances





$
23,937


$
202Short-term debt






300Long-term debt  affiliated






671



9Payables for collateral under securities loaned and other
    transactions






7,871



Other liabilities






158



Net embedded derivatives within liability host contracts (2)






1,405



101Total liabilities









$
312OtherDerivative instruments (designated hedges or otherwise)Interest rate swaps

$
7,074


$
389


$
(39
)Interest rate floors


12,071



494



(52
)Interest rate caps


3,513



1



Financial futures


1,434



(12
)


(54
)Foreign currency swaps


3,771



480



(13
)Foreign currency forwards


92



(9
)


Options


813



248



(5
)Financial forwards


1,289



49



(1
)Credit default swaps


648



11



Total other









$
(164
)Net change









$
(555
)     (1)
    
    Represents only those investments accounted for using the cost
    method.(2)
    
    Embedded derivatives are recognized in the consolidated balance
    sheet in the same caption as the host contract. 74




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##### Table of Contents



(3)
    
    Separate account assets and liabilities which are interest rate
    sensitive are not included herein as any interest rate risk is
    borne by the holder of the separate account.    Sensitivity Analysis; Foreign Currency Exchange
    Rates.
  December 31, 2008Assuming a10% IncreaseNotional


Estimated


in the ForeignAmount


Fair Value(1)


Exchange Rate(In millions)AssetsFixed maturity securities





$
34,846


$
(59
)Total assets









$
(59
)LiabilitiesPolicyholder account balances





$
23,937


$
302Total liabilities









$
302OtherDerivative instruments (designated hedges or otherwise)Interest rate swaps

$
7,074


$
389


$
(1
)Interest rate floors


12,071



494



Interest rate caps


3,513



1



Financial futures


1,434



(12
)Foreign currency swaps


3,771



480



(259
)Foreign currency forwards


92



(9
)


11Options


813



248



Financial forwards


1,289



49



Credit default swaps


648



11



Total other









$
(249
)Net change









$
(6
)     (1)
    
    Estimated fair value presented in the table above represents the
    fair value of all financial instruments within this financial
    statement caption not necessarily those solely subject to
    foreign exchange risk.   75




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##### Table of Contents



Sensitivity Analysis; Equity Prices.
  December 31, 2008Assuming aNotional


Estimated


10% IncreaseAmount


Fair Value(1)


in Equity Prices(In millions)AssetsEquity securities





$
474


$
14Net embedded derivatives within asset host contracts (2)






2,062



(160
)Total assets









$
(146
)LiabilitiesPolicyholder account balances





$
23,937


$
41Net embedded derivatives within asset host contracts (2)










133Total liabilities









$
174OtherDerivative instruments (designated hedges or otherwise)Interest rate swaps

$
7,074


$
389


$
Interest rate floors


12,071



494



Interest rate caps


3,513



1



Financial futures


1,434



(12
)


(38
)Foreign currency swaps


3,771



480



Foreign currency forwards


92



(9
)


Options


813



248



(25
)Financial forwards


1,289



49



1Credit default swaps


648



11



Total other









$
(62
)Net change









$
(34
)     (1)
    
    Estimated fair value presented in the table above represents the
    fair value of all financial instruments within this financial
    statement caption not necessarily those solely subject to
    foreign exchange risk.(2)
    
    Embedded derivatives are recognized in the consolidated balance
    sheet in the same caption as the host contract.   76




---



##### 



Item 8.
    Financial
    Statements and Supplementary Data  Index to
    the Consolidated Financial Statements and Schedules
  
  PageReport of Independent Registered Public
    Accounting Firm


F-1Financial Statements at December 31, 2008 and 2007 and for
    the Years Ended December 31, 2008, 2007 and 2006:Consolidated Balance Sheets


F-2Consolidated Statements of Income


F-3Consolidated Statements of Stockholders
    Equity


F-4Consolidated Statements of Cash Flows


F-5Notes to the Consolidated Financial Statements


F-7Financial Statement Schedules at December 31, 2008 and 2007
    and for the Years Ended December 31, 2008, 2007 and 2006:Schedule I  Consolidated Summary
    of Investments  Other Than Investments in Related
    Parties


F-104Schedule II  Condensed Financial
    Information of Registrant


F-105Schedule III  Consolidated
    Supplementary Insurance Information


F-111Schedule IV  Consolidated
    Reinsurance


F-113   77




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##### Table of Contents



Report of
    Independent Registered Public Accounting Firm                 F-1




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)Consolidated Balance SheetsDecember 31, 2008 and 2007
    (In millions, except share and per share data)
  2008


2007AssetsInvestments:Fixed maturity securities
    available-for-sale,
    at estimated fair value (amortized cost: $39,601 and $46,264,
    respectively)

$
34,846


$
45,671Equity securities
    available-for-sale,
    at estimated fair value (cost: $673 and $992, respectively)


474



952Trading securities, at estimated fair value (cost: $251 and $0,
    respectively)


232



Mortgage and consumer loans


4,447



4,404Policy loans


1,192



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


608



541Other limited partnership interests


1,249



1,130Short-term investments


3,127



1,335Other invested assets


2,297



1,445Total investments


48,472



56,391Cash and cash equivalents


5,656



1,774Accrued investment income


487



637Premiums and other receivables


12,463



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


5,440



4,948Current income tax recoverable


66



72Deferred income tax assets


1,843



846Goodwill


953



953Other assets


752



753Separate account assets


35,892



53,867Total assets

$
112,024


$
128,561Liabilities and Stockholders EquityLiabilities:Future policy benefits

$
20,213


$
19,576Policyholder account balances


37,175



33,815Other policyholder funds


2,085



1,777Short-term debt


300



Long-term debt  affiliated


950



635Payables for collateral under securities loaned and other
    transactions


7,871



10,471Other liabilities


2,604



1,072Separate account liabilities


35,892



53,867Total liabilities


107,090



121,213Contingencies, Commitments and Guarantees (Note 10)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, 2008 and 2007


86



86Additional paid-in capital


6,719



6,719Retained earnings


965



892Accumulated other comprehensive loss


(2,836
)


(349
)Total stockholders equity


4,934



7,348Total liabilities and stockholders equity

$
112,024


$
128,561    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, 2008, 2007 and 2006
    (In millions)
  2008


2007


2006RevenuesPremiums

$
634


$
353


$
308Universal life and investment-type product policy fees


1,378



1,411



1,268Net investment income


2,494



2,893



2,839Other revenues


230



251



212Net investment gains (losses)


549



(142
)


(521
)Total revenues


5,285



4,766



4,106ExpensesPolicyholder benefits and claims


1,446



978



792Interest credited to policyholder account balances


1,130



1,299



1,316Other expenses


1,933



1,446



1,173Total expenses


4,509



3,723



3,281Income from continuing operations before provision for income tax


776



1,043



825Provision for income tax


203



303



228Income from continuing operations


573



740



597Income from discontinued operations, net of income tax






4



Net income

$
573


$
744


$
597    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, 2008, 2007 and 2006
    (In millions)
  AccumulatedOther Comprehensive LossNet


ForeignAdditional





Unrealized


CurrencyCommon


Paid-in


Retained


Investment


TranslationStock


Capital


Earnings


Gains (Losses)


Adjustments


TotalBalance at January 1, 2006

$
86


$
7,180


$
581


$
(416
)

$
2


$
7,433Revisions of purchase price pushed down to MetLife Insurance
    Company of Connecticuts net assets acquired (Note 1)






40















40Dividend paid to MetLife






(259
)


(658
)










(917
)Capital contribution of intangible assets from MetLife, net of
    income tax






162















162Comprehensive income:Net income










597











597Other comprehensive income: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






















100Comprehensive income






















697Balance at December 31, 2006


86



7,123



520



(314
)






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










(86
)










(86
)Balance at January 1, 2007


86



7,123



434



(314
)






7,329Dividend paid to MetLife






(404
)


(286
)










(690
)Comprehensive income:Net income










744











744Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax














(2
)






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














(45
)






(45
)Foreign currency translation adjustments, net of income tax


















12



12Other comprehensive loss






















(35
)Comprehensive income






















709Balance at December 31, 2007


86



6,719



892



(361
)


12



7,348Dividend paid to MetLife










(500
)










(500
)Comprehensive income (loss):Net income










573











573Other comprehensive income (loss):Unrealized gains (losses) on derivative instruments, net of
    income tax














21







21Unrealized investment gains (losses), net of related offsets and
    income tax














(2,342
)






(2,342
)Foreign currency translation adjustments, net of income tax


















(166
)


(166
)Other comprehensive loss






















(2,487
)Comprehensive loss






















(1,914
)Balance at December 31, 2008

$
86


$
6,719


$
965


$
(2,682
)

$
(154
)

$
4,934    F-4




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
 Consolidated
    Statements of Cash Flows

For the Years Ended December 31, 2008, 2007 and
    2006



(In millions) 2008


2007


2006Cash flows from operating activitiesNet income

$
573


$
744


$
597Adjustments to reconcile net income to net cash provided by
    operating activities:Depreciation and amortization expenses


29



26



6Amortization of premiums and accretion of discounts associated
    with investments, net


(18
)


11



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


(546
)


145



521Gain from recapture of ceded reinsurance






(22
)


Undistributed equity earnings of real estate joint ventures and
    other limited partnership interests


97



(121
)


(83
)Interest credited to policyholder account balances


1,130



1,299



1,316Universal life and investment-type product policy fees


(1,378
)


(1,411
)


(1,268
)Change in accrued investment income


150



(35
)


2Change in premiums and other receivables


(2,561
)


360



(509
)Change in deferred policy acquisition costs, net


330



61



(234
)Change in insurance-related liabilities


997



71



234Change in trading securities


(218
)






(43
)Change in income tax payable


262



308



156Change in other assets


598



675



578Change in other liabilities


1,176



234



(351
)Other, net


38







Net cash provided by operating activities


659



2,345



996Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


20,183



21,546



27,706Equity securities


126



146



218Mortgage and consumer loans


522



1,208



1,034Real estate and real estate joint ventures


15



155



126Other limited partnership interests


203



465



762Purchases of:Fixed maturity securities


(14,027
)


(19,365
)


(23,840
)Equity securities


(65
)


(357
)


(109
)Mortgage and consumer loans


(621
)


(2,030
)


(2,092
)Real estate and real estate joint ventures


(102
)


(458
)


(56
)Other limited partnership interests


(458
)


(515
)


(343
)Net change in short-term investments


(1,887
)


(558
)


991Net change in other invested assets


445



(175
)


(316
)Net change in policy loans


(279
)


5



(2
)Other, net






16



1Net cash provided by investing activities

$
4,055


$
83


$
4,080    F-5




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##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Consolidated Statements of Cash Flows  (Continued)
    For the Years Ended December 31, 2008, 2007 and 2006
    (In millions)
  2008


2007


2006Cash flows from financing activitiesPolicyholder account balances:Deposits

$
7,146


$
11,395


$
8,185Withdrawals


(5,307
)


(13,563
)


(11,637
)Net change in short-term debt


300







Long-term debt issued  affiliated


750



200



Long-term debt repaid  affiliated


(435
)






Debt issuance costs


(8
)






Net change in payables for collateral under securities loaned
    and other transactions


(2,600
)


1,316



(582
)Financing element on certain derivative instruments


(46
)


33



(55
)Dividends on common stock


(500
)


(690
)


(917
)Net cash used in financing activities


(700
)


(1,309
)


(5,006
)Effect of change in foreign currency exchange rates on cash
    balances


(132
)


6



8Change in cash and cash equivalents


3,882



1,125



78Cash and cash equivalents, beginning of year


1,774



649



571Cash and cash equivalents, end of year

$
5,656


$
1,774


$
649Supplemental disclosures of cash flow information:Net cash paid (received) during the year for:Interest

$
64


$
33


$
31Income tax

$
(48
)

$
(6
)

$
81Non-cash transactions during the year:Contribution of equity securities to MetLife Foundation

$



$
12


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

$



$



$
162Contribution of goodwill from MetLife

$



$



$
29        F-6




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)Notes to the Consolidated Financial
    Statements
  1.
    Business,
    Basis of Presentation and Summary of Significant Accounting
    Policies  Business
        Basis
    of Presentation
    Consolidation of Variable Interest
    Entities  An Interpretation of Accounting Research
    Bulletin No. 51
       F-7




---



##### Table of Contents



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




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Level 1
    Unadjusted quoted prices in active markets for identical assets
    or liabilities. The Company defines active markets based on
    average trading volume for equity securities. The size of the
    bid/ask spread is used as an indicator of market activity for
    fixed maturity securities.Level 2
    Quoted prices in markets that are not active or inputs that are
    observable either directly or indirectly. Level 2 inputs
    include quoted prices for similar assets or liabilities other
    than quoted prices in Level 1; quoted prices in markets
    that are not active; or other inputs that are observable or can
    be derived principally from or corroborated by observable market
    data for substantially the full term of the assets or
    liabilities.  Level 3
    Unobservable inputs that are supported by little or no market
    activity and are significant to the estimated fair value of the
    assets or liabilities. Unobservable inputs reflect the reporting
    entitys own assumptions about the assumptions that market
    participants would use in pricing the asset or liability.
    Level 3 assets and liabilities include financial
    instruments whose values are determined using pricing models,
    discounted cash flow methodologies, or similar techniques, as
    well as instruments for which the determination of estimated
    fair value requires significant management judgment or
    estimation.      Investments
    Fixed Maturity and Equity Securities. available-for-sale,
 F-9




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      other-than-temporary
  case-by-case
  sub-sector;
 F-10




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  other-than-temporary
  Trading Securities.
  Securities Lending.
  Mortgage and Consumer Loans. held-for-investment and/or
  Policy Loans.
  Real Estate. held-for-investment, held-for-sale
 F-11




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  held-for-sale held-for-sale held-for-sale. held-for-investment
  Real Estate Joint Ventures and Other Limited Partnership
    Interests. other-than-temporary other-than-temporarily
  Short-term Investments.
  Other Invested Assets.
     F-12




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Estimates and Uncertainties.
             F-13




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
        Derivative
    Financial Instruments
  over-the-counter
  over-the-counter
  over-the-counter over-the-counter
 F-14




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  over-the-counter
  over-the-counter
       F-15




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
               F-16




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the 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-17




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
           F-18




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    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,
  Sales
    Inducements
    Value of
    Distribution Agreements and Customer Relationships
    Acquired
    Goodwill
       F-19




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
              Liability
    for Future Policy Benefits and Policyholder Account
    Balances
     F-20




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
            
    Guaranteed minimum 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 (S&P) 500
    Index. The benefit assumptions used in calculating the
    liabilities are based on the average benefits payable over a
    range of scenarios.
    Guaranteed minimum 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. Certain GMIBs have settlement features that
    result in a portion of that guarantee being accounted for as an
    embedded derivative and are recorded in policyholder account
    balances as described below.   F-21




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    
    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 estimated 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 purchase payments plus applicable bonus amounts). The
    GMAB is an embedded derivative, which is measured at estimated
    fair value separately from the host variable annuity product.  and/or
           F-22




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
        Other
    Policyholder Funds
        Recognition
    of Insurance Revenue and Related Benefits
     F-23




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
        Other
    Revenues
    Income
    Taxes
          (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.    Accounting for Uncertainty in Income Taxes  An
    Interpretation of FASB Statement No. 109
 F-24




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      Reinsurance
                 F-25




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Employee
    Benefit Plans
    Foreign
    Currency
    Discontinued
    Operations
  held-for-sale
  Litigation
    Contingencies
    Separate
    Accounts
   F-26




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  line-by-line
    Adoption
    of New Accounting Pronouncements
  Fair
    Value
    The
    Fair Value Option for Financial Assets and Financial Liabilities instrument-by-instrument
  No. FAS 157-1, Application of FASB Statement No. 157 to FASB Statement
    No. 13 and Other Accounting Pronouncements That Address
    Fair Value Measurements for Purposes of Lease Classification or
    Measurement under Statement 13 (FSP 157-1). FSP 157-1 Accounting for Leases No. FAS 157-2, Effective Date of FASB Statement No. 157
 F-27




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    No. FAS 157-3, Determining the Fair Value of a Financial Asset When the
    Market for That Asset is Not Active (FSP 157-3). FSP 157-3 FSP 157-3
  Investments
  No. FAS 140-4 FIN 46(r)-8, Disclosures by Public Entities (Enterprises) about Transfers
    of Financial Assets and Interests in Variable Interest Entities (FSP 140-4 FIN 46(r)-8). FSP 140-4 FIN 46(r)-8
  99-20-1, Amendments to the Impairment Guidance of EITF Issue
    No. 99-20 EITF 99-20-1). EITF 99-20-1 No. 99-20, Recognition of Interest Income and Impairment on Purchased
    Beneficial Interests and Beneficial Interests That Continue to
    Be Held by a Transferor in Securitized Financial Assets, other-than-temporary Accounting for Certain Investments in
    Debt and Equity Securities available-for-sale held-to-maturity. EITF 99-20-1
  Derivative
    Financial Instruments
  No. FAS 133-1 FIN 45-4, Disclosures about Credit Derivatives and Certain
    Guarantees  An Amendment of FASB Statement
    No. 133 and FASB Interpretation No. 45; and
    Clarification of the Effective Date of FASB Statement
    No. 161 (FSP 133-1 FIN 45-4). FSP 133-1 FIN 45-4 Accounting for Derivative
    Instruments and Hedging Activities Guarantors
    Accounting and Disclosure Requirements for Guarantees, Including
    Indirect Guarantees of Indebtedness of Others  An
    Interpretation of FASB Statements No. 5, 57, and 107 and
    Rescission of FASB Interpretation No. 34
  No. E-23, Clarification of the Application of the Shortcut Method E-23). E-23
 F-28




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  E-23
  Accounting for Certain
    Hybrid Instruments Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities
  (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 QSPE from
    holding a derivative financial instrument that pertains to a
    beneficial interest other than another derivative financial
    interest.    Embedded
    Derivatives: Application of Paragraph 13(b) to Securitized
    Interests in Prepayable Financial Assets
  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 Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
  Income
    Taxes
   F-29




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Insurance
    Contracts
  SOP 05-1 Accounting and Reporting by Insurance
    Enterprises for Certain Long-Duration Contracts and for Realized
    Gains and Losses from the Sale of Investments SOP 05-1 SOP 05-1. SOP 05-1.
  SOP 05-1
  SOP 05-1 SOP 05-1, SOP 05-1,
  Other
    Pronouncements
  No. FIN 39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts
    Related to Certain Contracts FSP 39-1 FSP 39-1, FSP 39-1
  No. 07-6, Accounting for the Sale of Real Estate When the Agreement
    Includes a Buy-Sell Clause (EITF 07-6) EITF 07-6 EITF 07-6 EITF 07-6
 F-30




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement No. 140
  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
  Future
    Adoption of New Accounting Pronouncements
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date.
    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities. F-31




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
   
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions.
    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    No. 08-6, Equity Method Investment Accounting Considerations (EITF 08-6). EITF 08-6 EITF 08-6 EITF 08-6
  No. 08-7, Accounting for Defensive Intangible Assets (EITF 08-7). EITF 08-7 EITF 08-7
  No. FAS 142-3, Determination of the Useful Life of Intangible Assets (FSP 142-3). FSP 142-3 Goodwill and Other Intangible Assets FSP 142-3
  Derivative
    Financial Instruments
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
 F-32




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Other
    Pronouncements
  No. 08-5, Issuers Accounting for Liabilities Measured at Fair
    Value with a Third-Party Credit Enhancement
    (EITF 08-5). EITF 08-5 EITF 08-5 EITF 08-5 EITF 08-5
  No. FAS 140-3, Accounting for Transfers of Financial Assets and Repurchase
    Financing Transactions (FSP 140-3). FSP 140-3 FSP 140-3 FSP 140-3
  2.
    Investments  Fixed
    Maturity and Equity Securities
    Available-for-Sale
    December 31, 2008Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
15,440


$
126


$
2,335


$
13,231



38.0
%Residential mortgage-backed securities


7,901



124



932



7,093



20.4Foreign corporate securities


6,157



41



1,136



5,062



14.5U.S. Treasury/agency securities


3,407



926







4,333



12.4Commercial mortgage-backed securities


2,933



6



665



2,274



6.5Asset-backed securities


2,429



1



703



1,727



5.0State and political subdivision securities


880



2



225



657



1.9Foreign government securities


454



48



33



469



1.3Total fixed maturity securities (1),(2)

$
39,601


$
1,274


$
6,029


$
34,846



100.0
%Non-redeemable preferred stock (1)

$
551


$
1


$
196


$
356



75.1
%Common stock


122



1



5



118



24.9Total equity securities

$
673


$
2


$
201


$
474



100.0
%   F-33




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  December 31, 2007Cost orAmortized


Gross Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,174


$
119


$
618


$
16,675



36.5
%Residential mortgage-backed securities


11,914



98



80



11,932



26.1Foreign corporate securities


6,536



83



184



6,435



14.1U.S. Treasury/agency securities


3,976



126



11



4,091



9.0Commercial mortgage-backed securities


3,182



28



67



3,143



6.9Asset-backed securities


2,236



4



108



2,132



4.7State and political subdivision securities


611



4



40



575



1.2Foreign government securities


635



55



2



688



1.5Total fixed maturity securities (1),(2)

$
46,264


$
517


$
1,110


$
45,671



100.0
%Non-redeemable preferred stock (1)

$
777


$
21


$
63


$
735



77.2
%Common stock


215



9



7



217



22.8Total equity securities

$
992


$
30


$
70


$
952



100.0
%     (1)
    
    The Company classifies perpetual securities that have attributes
    of both debt and equity as fixed maturity securities if the
    security has a punitive interest rate
    step-up
    feature as it believes in most instances this feature will
    compel the issuer to redeem the security at the specified call
    date. Perpetual securities that do not have a punitive interest
    rate step-up
    feature are classified as non-redeemable preferred stock. Many
    of such securities have been issued by
    non-U.S.
    financial institutions that are accorded Tier 1 and Upper
    Tier 2 capital treatment by their respective regulatory
    bodies and are commonly referred to as perpetual hybrid
    securities. Perpetual hybrid securities classified as
    non-redeemable preferred stock held by the Company at
    December 31, 2008 and 2007 had an estimated fair value of
    $304 million and $594 million, respectively. In
    addition, the Company held $52 million and
    $141 million at estimated fair value, respectively, at
    December 31, 2008 and 2007 of other perpetual hybrid
    securities, primarily U.S. financial institutions, also included
    in non-redeemable preferred stock. Perpetual hybrid securities
    held by the Company and included within fixed maturity
    securities (primarily within foreign corporate securities) at
    December 31, 2008 and 2007 had an estimated fair value of
    $425 million and $778 million, respectively. In
    addition, the Company held $16 million and $29 million
    at estimated fair value, respectively, at December 31, 2008
    and 2007 of other perpetual hybrid securities, primarily U.S.
    financial institutions, included in fixed maturity securities.(2)
    
    At December 31, 2008 and 2007 the Company also held
    $385 million and $558 million at estimated fair value,
    respectively, of redeemable preferred stock which have stated
    maturity dates which are included within fixed maturity
    securities. These securities are primarily issued by U.S.
    financial institutions, have cumulative interest deferral
    features and are commonly referred to as capital
    securities within U.S. corporate securities.    Below Investment Grade or Non Rated Fixed Maturity
    Securities.
 F-34




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Non-Income Producing Fixed Maturity
    Securities.
  Fixed Maturity Securities Credit Enhanced by Financial
    Guarantee Insurers. sub-prime
  Concentrations of Credit Risk (Fixed Maturity
    Securities).
    Concentrations of Credit Risk Fixed Maturity
    Securities) U.S. and Foreign Corporate
    Securities.
  December 31,2008


2007Estimated


% of


Estimated


% ofFair Value


Total


Fair Value


Total(In millions)Foreign (1)

$
5,062



27.6
%

$
6,435



27.9
%Finance


3,397



18.6



5,171



22.4Utility


2,810



15.4



3,213



13.9Consumer


2,666



14.6



3,677



15.9Industrial


1,775



9.7



2,702



11.7Communications


1,305



7.1



1,785



7.7Other


1,278



7.0



127



0.5Total

$
18,293



100.0
%

$
23,110



100.0
%  F-35




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    (1)
    
    Includes U.S. Dollar-denominated debt obligations of foreign
    obligors, and other fixed maturity foreign investments.  Concentrations of Credit Risk (Fixed Maturity
    Securities) Residential Mortgage-Backed
    Securities.
  December 31,2008


2007Estimated


% of


Estimated


% ofFair Value


Total


Fair Value


Total(In millions)Residential mortgage-backed securities:Collateralized mortgage obligations

$
5,028



70.9
%

$
7,290



61.1
%Pass-through securities


2,065



29.1



4,642



38.9Total residential mortgage-backed securities

$
7,093



100.0
%

$
11,932



100.0
%     sub-prime.
  Concentrations of Credit Risk (Fixed Maturity
    Securities)  Commercial Mortgage-Backed
    Securities.
 F-36




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Concentrations of Credit Risk (Fixed Maturity
    Securities)  Asset-Backed
    Securities. sub-prime Sub-prime sub-prime sub-prime
  Concentrations of Risk (Equity Securities)
    December 31,2008


2007Amortized


Estimated


Amortized


EstimatedCost


Fair Value


Cost


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

$
993


$
966


$
1,172


$
1,163Due after one year through five years


6,337



5,755



8,070



8,035Due after five years through ten years


7,329



6,195



7,950



7,858Due after ten years


11,679



10,836



11,740



11,408Subtotal


26,338



23,752



28,932



28,464Mortgage-backed and asset-backed securities


13,263



11,094



17,332



17,207Total fixed maturity securities

$
39,601


$
34,846


$
46,264


$
45,671    F-37




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Net
    Unrealized Investment Gains (Losses)
    Years Ended December 31,2008


2007


2006(In millions)Fixed maturity securities

$
(4,755
)

$
(593
)

$
(566
)Equity securities


(199
)


(40
)


17Derivatives


12



(16
)


(9
)Short-term investments


(100
)






Other


(3
)






7Subtotal


(5,045
)


(649
)


(551
)Amounts allocated from:DAC and VOBA


916



93



66Deferred income tax


1,447



195



171Subtotal


2,363



288



237Net unrealized investment gains (losses)

$
(2,682
)

$
(361
)

$
(314
)     Years Ended December 31,2008


2007


2006(In millions)Balance, beginning of period

$
(361
)

$
(314
)

$
(416
)Unrealized investment gains (losses) during the year


(4,396
)


(98
)


113Unrealized investment gains (losses) relating to:Insurance liability gain (loss) recognition










78DAC and VOBA


823



27



(36
)Deferred income tax


1,252



24



(53
)Balance, end of period

$
(2,682
)

$
(361
)

$
(314
)Change in net unrealized investment gains (losses)

$
(2,321
)

$
(47
)

$
102  F-38




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Unrealized
    Loss for Fixed Maturity and Equity Securities
    Available-for-Sale
    December 31, 2008Equal to or Greater thanLess than 12 Months


12 Months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFair Value


Loss


Fair Value


Loss


Fair Value


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

$
6,302


$
1,001


$
4,823


$
1,334


$
11,125


$
2,335Residential mortgage-backed securities


1,740



501



934



431



2,674



932Foreign corporate securities


2,684



517



1,530



619



4,214



1,136U.S. Treasury/agency securities


34















34



Commercial mortgage-backed securities


1,485



289



679



376



2,164



665Asset-backed securities


961



221



699



482



1,660



703State and political subdivision securities


348



91



220



134



568



225Foreign government securities


229



21



20



12



249



33Total fixed maturity securities

$
13,783


$
2,641


$
8,905


$
3,388


$
22,688


$
6,029Equity securities

$
124


$
59


$
191


$
142


$
315


$
201Total number of securities in an unrealized loss position


2,634







1,340   F-39




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  December 31, 2007Equal to or Greater thanLess than 12 Months


12 Months


TotalGross





Gross





GrossEstimated


Unrealized


Estimated


Unrealized


Estimated


UnrealizedFair Value


Loss


Fair Value


Loss


Fair Value


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

$
6,643


$
316


$
5,010


$
302


$
11,653


$
618Residential mortgage-backed securities


2,374



52



1,160



28



3,534



80Foreign corporate securities


2,350



86



2,234



98



4,584



184U.S. Treasury/agency securities


307



2



343



9



650



11Commercial mortgage-backed securities


417



26



1,114



41



1,531



67Asset-backed securities


1,401



91



332



17



1,733



108State and political subdivision securities


84



9



387



31



471



40Foreign government securities


63



1



62



1



125



2Total fixed maturity securities

$
13,639


$
583


$
10,642


$
527


$
24,281


$
1,110Equity securities

$
386


$
42


$
190


$
28


$
576


$
70Total number of securities in an unrealized loss position


2,011







1,487  F-40




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Aging
    of Gross Unrealized Loss for Fixed Maturity and Equity
    Securities
    Available-for-Sale
    December 31, 2008Cost or Amortized Cost


Gross Unrealized Loss


Number of SecuritiesLess than


20% or


Less than


20% or


Less than


20% or20%


more


20%


more


20%


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

$
5,444


$
9,799


$
392


$
3,547



1,314



1,089Six months or greater but less than nine months


2,737



542



213



271



349



54Nine months or greater but less than twelve months


3,554



810



392



470



342



95Twelve months or greater


5,639



192



614



130



642



28Total

$
17,374


$
11,343


$
1,611


$
4,418Equity Securities:Less than six months

$
23


$
298


$
3


$
130



13



50Six months or greater but less than nine months


18



53



3



20



2



5Nine months or greater but less than twelve months






102







43







9Twelve months or greater


22







2







6



Total

$
63


$
453


$
8


$
193   F-41




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  December 31, 2007Cost or Amortized Cost


Gross Unrealized Loss


Number of SecuritiesLess than


20% or


Less than


20% or


Less than


20% or20%


more


20%


more


20%


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

$
10,460


$
428


$
349


$
114



1,825



80Six months or greater but less than nine months


2,900







145







321



Nine months or greater but less than twelve months


1,523







81







162



Twelve months or greater


10,079







421







1,358



Total

$
24,962


$
428


$
996


$
114Equity Securities:Less than six months

$
261


$
56


$
19


$
16



98



18Six months or greater but less than nine months


111







10







16



Nine months or greater but less than twelve months


37







5







12



Twelve months or greater


182







20







17



Total

$
591


$
56


$
54


$
16   security-by-security other-than-temporarily other-than-temporary other-than-temporarily other-than-temporary
     F-42




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    other-than-temporarily other-than-temporarily
           F-43




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      other-than-temporary other-than-temporary
    December 31,2008


2007Sector:U.S. corporate securities


37
%


52
%Foreign corporate securities


18



16Residential mortgage-backed securities


15



7Asset-backed securities


11



9Commercial mortgage-backed securities


11



6State and political subdivision securities


4



3Other


4



7Total


100
%


100
%Industry:Mortgage-backed


26
%


13
%Finance


25



36Asset-backed


11



9Consumer


10



3Utility


9



8Communication


7



2Industrial


4



23Foreign government


1



1Other


7



5Total


100
%


100
%  F-44




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Net
    Investment Gains (Losses)
    Years Ended December 31,2008


2007


2006(In millions)Fixed maturity securities

$
(651
)

$
(272
)

$
(497
)Equity securities


(65
)


15



10Mortgage and consumer loans


(44
)


(2
)


7Real estate and real estate joint ventures


(1
)


1



64Other limited partnership interests


(9
)


(19
)


(1
)Freestanding derivatives


558



189



92Embedded derivatives


436



116



85Other


325



(170
)


(281
)Net investment gains (losses)

$
549


$
(142
)

$
(521
)       Fixed Maturity Securities


Equity Securities


Total2008


2007


2006


2008


2007


2006


2008


2007


2006(In millions)Proceeds

$
11,450


$
14,693


$
23,718


$
76


$
133


$
183


$
11,526


$
14,826


$
23,901Gross investment gains


126



120



60



15



26



13



141



146



73Gross investment losses


(381
)


(364
)


(517
)


(25
)


(9
)


(2
)


(406
)


(373
)


(519
)WritedownsCredit-related


(361
)


(20
)


(40
)


(9
)










(370
)


(20
)


(40
)Other than credit-related (1)


(35
)


(8
)






(46
)


(2
)


(1
)


(81
)


(10
)


(1
)Total writedowns


(396
)


(28
)


(40
)


(55
)


(2
)


(1
)


(451
)


(30
)


(41
)Net investment gains (losses)

$
(651
)

$
(272
)

$
(497
)

$
(65
)

$
15


$
10


$
(716
)

$
(257
)

$
(487
)     (1)
    
    Other than credit-related writedowns include items such as
    equity securities where the primary reason for the writedown was
    the severity and/or the duration of an unrealized loss position
    and fixed maturity securities where an interest-rate related
    writedown was taken    other-than-temporarily
 F-45




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    sub-prime
    Net
    Investment Income
    Years Ended December 31,2008


2007


2006(In millions)Fixed maturity securities

$
2,455


$
2,803


$
2,719Equity securities


44



45



17Trading securities


(19
)






Mortgage and consumer loans


255



263



182Policy loans


64



53



52Real estate and real estate joint ventures


11



81



29Other limited partnership interests


(69
)


164



238Cash, cash equivalents and short-term investments


67



104



137International joint ventures


(4
)


(4
)


(5
)Other


(3
)


11



13Total investment income


2,801



3,520



3,382Less: Investment expenses


307



627



543Net investment income

$
2,494


$
2,893


$
2,839      F-46




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Securities
    Lending
      Assets
    on Deposit, Held in Trust and Pledged as
    Collateral
        Trading
    Securities
       F-47




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Mortgage
    and Consumer Loans
    December 31,2008


2007Amount


Percent


Amount


Percent(In millions)Commercial mortgage loans

$
3,301



73.4
%

$
3,125



70.8
%Agricultural mortgage loans


1,185



26.4



1,265



28.7Consumer loans


7



0.2



22



0.5Total


4,493



100.0
%


4,412



100.0
%Less: Valuation allowances


46







8Total mortgage and consumer loans

$
4,447






$
4,404    F-48




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    December 31, 2008


December 31, 2007Carrying


% of


Carrying


% ofValue


Total


Value


Total(In millions)RegionSouth Atlantic

$
842



25.9
%

$
874



28.0
%Pacific


753



23.1



634



20.3Middle Atlantic


516



15.8



487



15.6New England


412



12.6



417



13.4West South Central


264



8.1



216



6.9East North Central


152



4.7



166



5.3East South Central


130



4.0



139



4.5Mountain


67



2.1



68



2.2International


59



1.8



62



2.0West North Central


22



0.7



50



1.6Other


40



1.2



5



0.2Total

$
3,257



100.0
%

$
3,118



100.0
%Property TypeOffice

$
1,188



36.5
%

$
1,013



32.5
%Retail


760



23.3



630



20.2Apartments


553



17.0



572



18.4Hotel


396



12.2



484



15.5Industrial


151



4.6



172



5.5Other


209



6.4



247



7.9Total

$
3,257



100.0
%

$
3,118



100.0
%     Years Ended December 31,2008


2007


2006(In millions)Balance at January 1,

$
8


$
6


$
9Additions


75



7



3Deductions


(37
)


(5
)


(6
)Balance at December 31,

$
46


$
8


$
6  F-49




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    December 31,2008


2007(In millions)Impaired loans with valuation allowances

$
24


$
65Impaired loans without valuation allowances


2



2Subtotal


26



67Less: Valuation allowances on impaired loans


24



4Impaired loans

$
2


$
63           Real
    Estate Holdings
    December 31,2008


2007(In millions)Real estate

$
86


$
86Accumulated depreciation


(16
)


(11
)Net real estate


70



75Real estate joint ventures


538



466Total real estate holdings

$
608


$
541    F-50




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  held-for-sale
      December 31,2008


2007Amount


Percent


Amount


Percent(In millions)Office

$
252



41.5
%

$
231



42.7
%Real estate investment funds


138



22.7



111



20.5Apartments


100



16.4



87



16.1Land


32



5.3



18



3.3Retail


17



2.8



20



3.7Agriculture


14



2.3



19



3.5Other


55



9.0



55



10.2Total real estate holdings

$
608



100.0
%

$
541



100.0
%   Other
    Limited Partnership Interests
     F-51




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Other
    Invested Assets
    December 31,2008


2007Carrying


% of


Carrying


% ofValue


Total


Value


Total(In millions)Freestanding derivatives with positive fair values

$
2,258



98.3
%

$
1,404



97.2
%Joint venture investment


31



1.3



18



1.2Tax credit partnerships


4



0.2







Other


4



0.2



23



1.6Total

$
2,297



100.0
%

$
1,445



100.0
%     Variable
    Interest Entities
    December 31, 2008MaximumCarrying


Exposure toAmount (1)


Loss (2)(In millions)Fixed maturity securities,
    available-for-sale
    (3)Foreign corporate securities

$
152


$
152U.S. Treasury/agency securities


182



182Real estate joint ventures (4)


41



41Other limited partnership interests (4)


672



1,060Total

$
1,047


$
1,435     (1)
    
    See Note 1 for further discussion of the Companys
    significant accounting policies with regards to the carrying
    amounts of these investments.(2)
    
    The maximum exposure to loss relating to the fixed maturity
    securities
    available-for-sale
    is equal to the carrying amounts or carrying amounts of retained
    interests. The maximum exposure to loss relating to real estate
    joint ventures and other limited partnership interests is equal
    to the carrying amounts plus any unfunded commitments. Such a
    maximum loss would be expected to occur only upon bankruptcy of
    the issuer or investee.(3)
    
    These assets are reflected at estimated fair value within fixed
    maturity securities
    available-for-sale.(4)
    
    Real estate joint ventures include partnerships and other
    ventures which engage in the acquisition, development,
    management and disposal of real estate investments. Other
    limited partnership interests include partnerships established
    for the purpose of investing in public and private debt and
    equity securities. F-52




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
     Related
    Party Investment Transactions
      Years Ended December 31,2008


2007


2006(In millions)Estimated fair value of assets transferred to affiliates

$
27


$
628


$
164Amortized cost of assets transferred to affiliates

$
23


$
629


$
164Net investment gains (losses) recognized on transfers

$
4


$
(1
)

$
Estimated fair value of assets transferred from affiliates

$
230


$
836


$
89   3.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    December 31, 2008


December 31, 2007Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
7,074


$
736


$
347


$
12,437


$
336


$
144Interest rate floors


12,071



494







12,071



159



Interest rate caps


3,513



1







10,715



7



Financial futures


1,434



4



16



881



2



5Foreign currency swaps


3,771



699



219



3,716



788



97Foreign currency forwards


92







9



167



2



Options


813



248







1,004



85



1Financial forwards


1,289



57



8



2,330



20



Credit default swaps


648



19



8



1,013



5



3Total

$
30,705


$
2,258


$
607


$
44,334


$
1,404


$
250  F-53




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Remaining LifeAfter FiveAfter One Year


YearsOne Year


Through Five


Through Ten


Afteror Less


Years


Years


Ten Years


Total(In millions)Interest rate swaps

$
1,235


$
3,567


$
1,367


$
905


$
7,074Interest rate floors


2,551







9,520







12,071Interest rate caps


10



3,503











3,513Financial futures


1,434















1,434Foreign currency swaps


1,072



1,711



737



251



3,771Foreign currency forwards


92















92Options


88



214



511







813Financial forwards






519



563



207



1,289Credit default swaps


20



471



157







648Total

$
6,502


$
9,985


$
12,855


$
1,363


$
30,705              F-54




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
                       F-55




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Hedging
    December 31, 2008


December 31, 2007Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
845


$
68


$
161


$
651


$
20


$
3Cash flow


486



91







486



85



3Non-qualifying


29,374



2,099



446



43,197



1,299



244Total

$
30,705


$
2,258


$
607


$
44,334


$
1,404


$
250     Years Ended December 31,2008


2007


2006(In millions)Qualifying hedges:Net investment income

$
(2
)

$



$
Interest credited to policyholder account balances


6



(6
)


(9
)Non-qualifying hedges:Net investment gains (losses)


43



82



73Total

$
47


$
76


$
64   Fair
    Value Hedges
      Years Ended December 31,2008


2007


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

$
(87
)

$
18


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


86



(20
)


2Net ineffectiveness of fair value hedging activities

$
(1
)

$
(2
)

$
1    F-56




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Cash
    Flow Hedges
        Years Ended December 31,2008


2007


2006(In millions)Other comprehensive loss balance at January 1,

$
(13
)

$
(9
)

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


9



39



41Amounts reclassified to net investment gains (losses)


24



(43
)


(48
)Other comprehensive income (loss) balance at December 31,

$
20


$
(13
)

$
(9
)     Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
      Years Ended December 31,2008


2007


2006(In millions)Net investment gains (losses), excluding embedded derivatives

$
514


$
112


$
16  F-57




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Embedded
    Derivatives
      December 31,2008


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

$
2,062


$
382Call options in equity securities


(36
)


Net embedded derivatives within asset host contracts

$
2,026


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

$
1,432


$
257Other


(27
)


Net embedded derivatives within liability host contracts

$
1,405


$
257     Years Ended December 31,2008


2007


2006(In millions)Net investment gains (losses) (1)

$
436


$
116


$
85     (1)
    
    Effective January 1, 2008, upon adoption of SFAS 157,
    the valuation of the Companys guaranteed minimum benefit
    riders includes an adjustment for the Companys own credit.
    Included in net investment gains (losses) for the year ended
    December 31, 2008 are gains of $738 million in
    connection with this adjustment.  Credit
    Risk
    over-the-counter
   F-58




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
       F-59




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    December 31, 2008Fair Value of


Maximum Amount of


WeightedCredit Default


Future Payments under


Average YearsRating Agency Designation of Referenced Credit Obligations
    (1)

Swaps


Credit Default Swaps (2)


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

$



$
25



5.0Credit default swaps referencing indices


(2
)


222



4.0Subtotal


(2
)


247



4.1BaaSingle name credit default swaps (corporate)






10



5.0Credit default swaps referencing indices










Subtotal






10



5.0BaSingle name credit default swaps (corporate)


(1
)


20



0.7Credit default swaps referencing indices










Subtotal


(1
)


20



0.7BSingle name credit default swaps (corporate)










Credit default swaps referencing indices










Subtotal










Caa and lowerSingle name credit default swaps (corporate)










Credit default swaps referencing indices










Subtotal










In or near defaultSingle name credit default swaps (corporate)










Credit default swaps referencing indices










Subtotal










$
(3
)

$
277



3.9     (1)
    
    The rating agency designations are based on availability and the
    midpoint of the applicable ratings among Moodys, S&P,
    and Fitch. If no rating is available from a rating agency, then
    the MetLife rating is used.(2)
    
    Assumes the value of the referenced credit obligations is zero.(3)
    
    The weighted average years to maturity of the credit default
    swaps is calculated based upon weighted average notional amounts. F-60




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
   4.
    Deferred
    Policy Acquisition Costs and Value of Business
    Acquired    DAC


VOBA


Total(In millions)Balance at January 1, 2006

$
1,496


$
3,418


$
4,914Capitalizations


721







721Subtotal


2,217



3,418



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


(16
)


(68
)


(84
)Other expenses


252



320



572Total amortization


236



252



488Less: Unrealized investment gains (losses)


(10
)


46



36Balance at December 31, 2006


1,991



3,120



5,111Effect of
    SOP 05-1
    adoption


(7
)


(125
)


(132
)Capitalizations


682







682Subtotal


2,666



2,995



5,661Less: Amortization related to:Net investment gains (losses)


44



(16
)


28Other expenses


388



324



712Total amortization


432



308



740Less: Unrealized investment gains (losses)


(18
)


(9
)


(27
)Balance at December 31, 2007


2,252



2,696



4,948Capitalizations


835







835Subtotal


3,087



2,696



5,783Less: Amortization related to:Net investment gains (losses)


190



35



225Other expenses


504



434



938Total amortization


694



469



1,163Less: Unrealized investment gains (losses)


(389
)


(434
)


(823
)Less: Other


3







3Balance at December 31, 2008

$
2,779


$
2,661


$
5,440      F-61




---



##### Table of Contents



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


VOBA


TotalDecember 31,2008


2007


2008


2007


2008


2007(In millions)Individual:Traditional life

$
172


$
111


$
52


$
57


$
224


$
168Variable & universal life


1,179



798



851



981



2,030



1,779Annuities


1,416



1,335



1,755



1,648



3,171



2,983Subtotal


2,767



2,244



2,658



2,686



5,425



4,930Institutional:Group life


5



6



2



9



7



15Retirement & savings










1



1



1



1Subtotal


5



6



3



10



8



16Corporate & Other


7



2











7



2Total

$
2,779


$
2,252


$
2,661


$
2,696


$
5,440


$
4,948   5.
    Goodwill    December 31,2008


2007


2006(In millions)Balance at the beginning of the period,

$
953


$
953


$
924Contribution from MetLife










29Balance at the end of the period,

$
953


$
953


$
953  F-62




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    December 31,2008


2007(In millions)Individual:Traditional life

$
12


$
12Variable & universal life


1



1Annuities


218



218Other


5



5Subtotal


236



236Institutional:Group life


3



3Retirement & savings


304



304Non-medical health & other


5



5Subtotal


312



312Corporate & Other (1)


405



405Total

$
953


$
953     (1)
    
    The allocation of the goodwill to the reporting units was
    performed at the time of the respective acquisition. The
    $405 million of goodwill within Corporate & Other
    represents the excess of the amounts MetLife paid to acquire
    subsidiaries and other businesses over the estimated fair value
    of their net assets at the date of acquisition. For purposes of
    goodwill impairment testing at December 31, 2008 and 2007,
    $405 million of Corporate & Other goodwill has
    been attributed to the Institutional and Individual segment
    reporting units. The Individual segment was attributed
    $210 million, (traditional life 
    $23 million, variable & universal
    life  $11 million and annuities 
    $176 million) and the Institutional segment was attributed
    $195 million (group life  $2 million,
    retirement & savings  $186 million,
    and non-medical health & other 
    $7 million) at both December 31, 2008 and 2007.     F-63




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  6.
    Insurance  Insurance
    Liabilities
    Future Policy


Policyholder Account


Other PolicyholderBenefits


Balances


FundsDecember 31,2008


2007


2008


2007


2008


2007(In millions)InstitutionalGroup life

$
208


$
220


$
1,045


$
763


$
5


$
5Retirement & savings


12,042



12,040



11,511



12,780







Non-medical health & other


294



303











2



2IndividualTraditional Life


944



921











55



50Variable & universal life


678



575



5,456



4,995



1,791



1,496Annuities


1,215



944



18,905



15,058



30



36Other










72



47







Corporate & Other (1)


4,832



4,573



186



172



202



188Total

$
20,213


$
19,576


$
37,175


$
33,815


$
2,085


$
1,777     (1)
    
    Corporate & Other includes intersegment eliminations.    Value
    of Distribution Agreements and Customer Relationships
    Acquired
    Years Ended December 31,2008


2007


2006(In millions)Balance at January 1,

$
232


$
237


$
72Contribution of VODA from MetLife










167Amortization


(8
)


(5
)


(2
)Balance at December 31,

$
224


$
232


$
237      F-64




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      Sales
    Inducements
    Years Ended December 31,2008


2007


2006(In millions)Balance at January 1,

$
403


$
330


$
218Capitalization


111



124



129Amortization


(92
)


(51
)


(17
)Balance at December 31,

$
422


$
403


$
330   Separate
    Accounts
        Obligations
    Under Guaranteed Interest Contract Program
    Obligations
    Under Funding Agreements
   F-65




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Liabilities
    for Unpaid Claims and Claim Expenses
    Years Ended December 31,2008


2007


2006(In millions)Balance at January 1,

$
612


$
551


$
512Less: Reinsurance recoverables


(463
)


(403
)


(373
)Net balance at January 1,


149



148



139Incurred related to:Current year


8



32



29Prior years


(29
)


(5
)


4(21
)


27



33Paid related to:Current year


(2
)


(2
)


(2
)Prior years


(24
)


(24
)


(22
)(26
)


(26
)


(24
)Net balance at December 31,


102



149



148Add: Reinsurance recoverables


589



463



403Balance at December 31,

$
691


$
612


$
551     Guarantees
   F-66




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      December 31,2008


2007In the


At


In the


AtEvent of Death


Annuitization


Event of Death


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

$
9,721



N/A


$
11,337



N/ANet amount at risk (2)

$
2,813
(3)


N/A


$
33
(3)


N/AAverage attained age of contractholders


62 years



N/A



62 years



N/AAnniversary Contract Value or Minimum ReturnSeparate account value

$
27,572


$
13,217


$
41,515


$
16,143Net amount at risk (2)

$
9,876
(3)

$
6,323
(4)

$
1,692
(3)

$
245
(4)Average attained age of contractholders


58 years



61 years



56 years



61 years   December 31,2008


2007Secondary


SecondaryGuarantees


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

$
2,917


$
2,797Net amount at risk (2)

$
43,237
(3)

$
38,621
(3)Average attained age of policyholders


58 years



57 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-67




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
     Universal andVariable LifeAnnuity Contracts


ContractsGuaranteed


GuaranteedDeath


Annuitization


SecondaryBenefits


Benefits


Guarantees


Total(In millions)Balance at January 1, 2006

$
3


$



$
9


$
12Incurred guaranteed benefits










22



22Paid guaranteed benefits


(3
)










(3
)Balance at December 31, 2006










31



31Incurred guaranteed benefits


6



28



34



68Paid guaranteed benefits


(4
)










(4
)Balance at December 31, 2007


2



28



65



95Incurred guaranteed benefits


24



121



43



188Paid guaranteed benefits


(14
)










(14
)Balance at December 31, 2008

$
12


$
149


$
108


$
269       December 31,2008


2007(In millions)Mutual Fund GroupingsEquity

$
21,738


$
40,608Balanced


6,971



4,422Bond


2,280



2,307Money Market


1,715



1,265Specialty


228



395Total

$
32,932


$
48,997   7.
    Reinsurance   F-68




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
             F-69




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Years Ended December 31,2008


2007


2006(In millions)Premiums:Direct premiums

$
1,042


$
654


$
599Reinsurance assumed


15



17



21Reinsurance ceded


(423
)


(318
)


(312
)Net premiums

$
634


$
353


$
308Universal life and investment-type product policy fees:Direct universal life and investment-type product policy fees

$
1,710


$
1,680


$
1,480Reinsurance assumed


197



119



84Reinsurance ceded


(529
)


(388
)


(296
)Net universal life and investment-type product policy fees

$
1,378


$
1,411


$
1,268Policyholder benefits and claims:Direct policyholder benefits and claims

$
2,775


$
1,722


$
1,500Reinsurance assumed


23



22



15Reinsurance ceded


(1,352
)


(766
)


(723
)Net policyholder benefits and claims

$
1,446


$
978


$
792     December 31,2008


2007(In millions)Unaffiliated recoverables:Future policy benefit recoverables

$
5,347


$
4,774Deposit recoverables


98



73Claim recoverables


74



52All other recoverables


7



6Total

$
5,526


$
4,905Affiliated recoverables:Future policy benefit recoverables

$
3,296


$
1,142Deposit recoverables


3,041



1,953Claim recoverables


13



38All other recoverables


197



24Total

$
6,547


$
3,157    F-70




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
             F-71




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Years Ended December 31,2008


2007


2006(In millions)Assumed premiums

$
15


$
17


$
21Assumed fees, included in universal life and investment-type
    product policy fees

$
197


$
119


$
65Assumed benefits, included in policyholder benefits and claims

$
19


$
18


$
11Assumed benefits, included in interest credited to policyholder
    account balances

$
57


$
53


$
49Assumed acquisition costs, included in other expenses

$
97


$
39


$
58Ceded premiums

$
125


$
32


$
21Ceded fees, included in universal life and investment-type
    product policy fees

$
352


$
216


$
130Amortization of unearned revenue associated with experience
    refund, included in universal life and investment-type product
    policy fees

$
38


$



$
Income from deposit contracts, included in other revenues

$
83


$
85


$
68Ceded benefits, included in policyholder benefits and claims

$
321


$
95


$
86Ceded benefits, included in interest credited to policyholder
    account balances

$
22


$



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

$
75


$
33


$
77        F-72




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
       F-73




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  8.
    Debt    December 31,2008


2007(In millions)Surplus notes, interest rate 8.595%, due 2038

$
750


$
Surplus notes, interest rate 7.349%, due 2035






400Surplus notes, interest rate LIBOR plus 1.15%, maturity date 2009


200



200Surplus notes, interest rate 5%, due upon request






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






10Total long-term debt  affiliated


950



635Total short-term debt


300



Total

$
1,250


$
635                 Short-term
    Debt
   F-74




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  9.
    Income
    Tax    Years Ended December 31,2008


2007


2006(In millions)Current:Federal

$
(50
)

$
9


$
18State and local


(2
)


4



Foreign






1



Subtotal


(52
)


14



18Deferred:Federal

$
260


$
306


$
212State and local










(2
)Foreign


(5
)


(17
)


Subtotal


255



289



210Provision for income tax

$
203


$
303


$
228     Years Ended December 31,2008


2007


2006(In millions)Tax provision at U.S. statutory rate

$
273


$
365


$
288Tax effect of:Tax-exempt investment income


(65
)


(65
)


(62
)Prior year tax


(4
)


9



(9
)Foreign tax rate differential and change in valuation allowance






(7
)


12State tax, net of federal benefit


(1
)


3



Other, net






(2
)


(1
)Provision for income tax

$
203


$
303


$
228  F-75




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    December 31,2008


2007(In millions)Deferred income tax assets:Benefit, reinsurance and other reserves

$
1,548


$
1,929Net unrealized investment losses


1,447



195Capital loss carryforwards


269



150Net operating loss carryforwards


94



42Tax credits


45



20Operating lease reserves


8



13Investments






54Other


24



133,435



2,416Deferred income tax liabilities:Investments, including derivatives


(113
)


DAC and VOBA


(1,479
)


(1,570
)(1,592
)


(1,570
)Net deferred income tax asset

$
1,843


$
846          F-76




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
        December 31,2008


2007(In millions)Balance at beginning of the period

$
53


$
64Reductions for tax positions of prior years






(2
)Additions for tax positions of current year


2



5Reductions for tax positions of current year


(7
)


(8
)Settlements with tax authorities






(6
)Balance at end of the period

$
48


$
53       2007-61, 2007-61
   F-77




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    10.
    Contingencies,
    Commitments and Guarantees  Contingencies
  Litigation
  and/or
        Travelers Ins.  Co., et al. v. Banc of America
    Securities LLC (S.D.N.Y., filed December 13,
    2001).
 F-78




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      and/or and/or
  Insolvency
    Assessments
    December 31,2008


2007(In millions)Other Assets:Premium tax offset for future undiscounted assessments

$
6


$
8Premium tax offsets currently available for paid assessments


1



1$
7


$
9Other Liabilities:Insolvency assessments

$
10


$
17    F-79




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Commitments
  Leases
    GrossRental


RentalIncome


Payments(In millions)2009

$
3


$
72010

$
3


$
62011

$
3


$
52012

$
3


$
2013

$
3


$
Thereafter

$
77


$
   Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities and Private Corporate Bond
    Investments
    Other
    Commitments
    Guarantees
   F-80




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
            11.
    Employee
    Benefit Plans   F-81




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  12.
    Equity  Common
    Stock
    Statutory
    Equity and Income
               F-82




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Dividend
    Restrictions
     F-83




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Other
    Comprehensive Income (Loss)
    Years Ended December 31,2008


2007


2006(In millions)Holding gains (losses) on investments arising during the year

$
(5,022
)

$
(358
)

$
(434
)Income tax effect of holding gains (losses)


1,760



122



147Reclassification adjustments:Recognized holding (gains) losses included in current year income


674



260



487Amortization of premiums and accretion of discounts associated
    with investments


(48
)






60Income tax effect


(220
)


(88
)


(186
)Allocation of holding gains on investments relating to other
    policyholder amounts


823



27



42Income tax effect of allocation of holding gains to other
    policyholder amounts


(288
)


(10
)


(14
)Net unrealized investment gains (losses), net of income tax


(2,321
)


(47
)


102Foreign currency translation adjustment


(166
)


12



(2
)Other comprehensive income (loss)

$
(2,487
)

$
(35
)

$
100   13.
    Other
    Expenses    Years Ended December 31,2008


2007


2006(In millions)Compensation

$
119


$
125


$
134Commissions


733



633



712Interest and debt issue costs


74



35



31Amortization of DAC and VOBA


1,163



740



488Capitalization of DAC


(835
)


(682
)


(721
)Rent, net of sublease income


4



5



11Minority interest










26Insurance tax


38



44



42Other


637



546



450Total other expenses

$
1,933


$
1,446


$
1,173   Amortization
    and Capitalization of DAC and VOBA
   F-84




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Affiliated
    Expenses
    14.
    Business
    Segment Information    start-up
      F-85




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  For the Year Ended







Corporate &December 31, 2008

Individual


Institutional


Other


Total(In millions)Statement of Income:RevenuesPremiums

$
200


$
423


$
11


$
634Universal life and investment- type product policy fees


1,334



41



3



1,378Net investment income


1,097



1,343



54



2,494Other revenues


214



10



6



230Net investment gains (losses)


850



(518
)


217



549Total revenues


3,695



1,299



291



5,285ExpensesPolicyholder benefits and claims


567



850



29



1,446Interest credited to policyholder account balances


702



449



(21
)


1,130Other expenses


1,780



46



107



1,933Total expenses


3,049



1,345



115



4,509Income (loss) from continuing operations before provision
    (benefit) for income tax


646



(46
)


176



776Provision (benefit) for income tax


224



(17
)


(4
)


203Net income (loss)

$
422


$
(29
)

$
180


$
573Balance Sheet:Total assets

$
69,335


$
29,224


$
13,465


$
112,024DAC and VOBA

$
5,425


$
8


$
7


$
5,440Goodwill

$
236


$
312


$
405


$
953Separate account assets

$
34,494


$
1,398


$



$
35,892Policyholder liabilities

$
29,146


$
25,107


$
5,220


$
59,473Separate account liabilities

$
34,494


$
1,398


$



$
35,892   F-86




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  For the Year Ended







Corporate &December 31, 2007

Individual


Institutional


Other


Total(In millions)Statement of Income:RevenuesPremiums

$
295


$
34


$
24


$
353Universal life and investment-type product policy fees


1,370



39



2



1,411Net investment income


1,090



1,510



293



2,893Other revenues


237



14







251Net investment gains (losses)


116



(263
)


5



(142
)Total revenues


3,108



1,334



324



4,766ExpensesPolicyholder benefits and claims


479



466



33



978Interest credited to policyholder account balances


661



638







1,299Other expenses


1,329



50



67



1,446Total expenses


2,469



1,154



100



3,723Income from continuing operations before provision for income tax


639



180



224



1,043Provision for income tax


227



60



16



303Income from continuing operations


412



120



208



740Income from discontinued operations, net of income tax






4







4Net income

$
412


$
124


$
208


$
744Balance Sheet:Total assets

$
82,214


$
35,154


$
11,193


$
128,561DAC and VOBA

$
4,930


$
16


$
2


$
4,948Goodwill

$
236


$
312


$
405


$
953Separate account assets

$
51,398


$
2,469


$



$
53,867Policyholder liabilities

$
24,122


$
26,113


$
4,933


$
55,168Separate account liabilities

$
51,398


$
2,469


$



$
53,867   F-87




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  For the Year Ended







Corporate &December 31, 2006

Individual


Institutional


Other


Total(In millions)Statement of Income:RevenuesPremiums

$
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
)Total revenues


2,448



1,271



387



4,106ExpensesPolicyholder benefits and claims


315



450



27



792Interest credited to policyholder account balances


669



647







1,316Other expenses


1,045



16



112



1,173Total expenses


2,029



1,113



139



3,281Income from continuing operations before provision for income tax


419



158



248



825Provision for income tax


145



55



28



228Net income

$
274


$
103


$
220


$
597       15.
    Discontinued
    Operations  held-for-sale
   F-88




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  16.
    Fair
    Value  Fair
    Value of Financial Instruments
      Notional


Carrying


EstimatedDecember 31, 2007

Amount


Value


Fair Value(In millions)Assets:Fixed maturity securities





$
45,671


$
45,671Equity securities





$
952


$
952Mortgage and consumer loans





$
4,404


$
4,407Policy loans





$
913


$
913Short-term investments





$
1,335


$
1,335Cash and cash equivalents





$
1,774


$
1,774Accrued investment income





$
637


$
637Liabilities:Policyholder account balances





$
28,056


$
27,651Long-term debt





$
635


$
609Payables for collateral under securities loaned and other
    transactions





$
10,471


$
10,471Commitments:(1)Mortgage loan commitments

$
626


$



$
(11
)Commitments to fund bank credit facilities and private corporate
    bond investments

$
488


$



$
(31
)     (1)
    
    Commitments are off-balance sheet obligations. Negative
    estimated fair values represent off-balance sheet liabilities.    Fixed Maturity Securities and Equity
    Securities
 F-89




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Mortgage and Consumer Loans, Mortgage Loan Commitments and
    Commitments to Fund Bank Credit Facilities and Private
    Corporate Bond Investments
  Policy Loans
  Cash and Cash Equivalents and Short-term
    Investments
  Accrued Investment Income
  Policyholder Account Balances
  Affiliated Long-term Debt
  Payables for Collateral Under Securities Loaned and Other
    Transactions
  Derivative Financial Instruments
  F-90




---



##### Table of Contents



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


Carrying


EstimatedDecember 31, 2008

Amount


Value


Fair Value(In millions)Assets:Fixed maturity securities





$
34,846


$
34,846Equity securities





$
474


$
474Trading securities





$
232


$
232Mortgage and consumer loans





$
4,447


$
4,252Policy loans





$
1,192


$
1,296Real estate joint ventures (1)





$
92


$
103Other limited partnership interests (1)





$
189


$
247Short-term investments





$
3,127


$
3,127Other invested assets (2)

$
21,395


$
2,258


$
2,258Cash and cash equivalents





$
5,656


$
5,656Accrued investment income





$
487


$
487Premiums and other receivables (1)





$
3,171


$
2,700Net embedded derivatives within asset host contracts (3)





$
2,062


$
2,062Separate account assets





$
35,892


$
35,892Liabilities:Policyholder account balances (1)





$
26,316


$
23,937Short-term debt





$
300


$
300Long-term debt  affiliated





$
950


$
671Payables for collateral under securities loaned and other
    transactions





$
7,871


$
7,871Other liabilities:(1)Derivative liabilities

$
9,310


$
607


$
607Other





$
158


$
158Net embedded derivatives within liability host contracts





$
1,405


$
1,405Separate account liabilities





$
1,181


$
1,181Commitments:(4)Mortgage loan commitments

$
231


$



$
(15
)Commitments to fund bank credit facilities and private corporate
    bond investments

$
332


$



$
(101
)     (1)
    
    Carrying values presented herein differ from those presented on
    the consolidated balance sheet because certain items within the
    respective financial statement caption are not considered
    financial instruments. Financial statement captions omitted from
    the table above are not considered financial instruments.(2)
    
    Other invested assets is comprised of freestanding derivatives
    with positive estimated fair values.(3)
    
    Net embedded derivatives within asset host contracts are
    presented within premiums and other receivables. Net embedded
    derivatives within liability host contracts are presented within
    policyholder account balances and other liabilities. Equity
    securities also includes embedded derivatives of
    ($36) million.(4)
    
    Commitments are off-balance sheet obligations. Negative
    estimated fair values represent off-balance sheet liabilities. F-91




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
     Fixed Maturity Securities, Equity Securities and Trading
    Securities
          Mortgage and Consumer Loans
  Policy Loans
  Real Estate Joint Ventures and Other Limited Partnership
    Interests
 F-92




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      Short-term Investments
  Other Invested Assets
    Cash and Cash Equivalents
  Accrued Investment Income
  Premiums and Other Receivables
   F-93




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      Separate Account Assets 03-1, Accounting and Reporting by Insurance Enterprises for Certain
    Nontraditional Long-Duration Contracts and for Separate Accounts (SOP 03-1).
  Policyholder Account Balances
    Short-term and Affiliated Long-term Debt
  Payables for Collateral Under Securities Loaned and Other
    Transactions
 F-94




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    Other Liabilities
      Separate Account Liabilities
    Separate account liabilities SOP 03-1.
  Derivatives over-the-counter
  over-the-counter over-the-counter
 F-95




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
    over-the-counter
  over-the-counter
  Embedded Derivatives within Asset and Liability Host
    Contracts
     F-96




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
            Mortgage Loan Commitments and Commitments to Fund Bank
    Credit Facilities and Private Corporate Bond Investments
 F-97




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  Assets
    and Liabilities Measured at Fair Value
  Recurring
    Fair Value Measurements
    December 31, 2008Fair Value Measurements atReporting Date UsingQuoted Prices inActive Markets for


Significant


SignificantIdentical Assets


Other Observable


Unobservable


Totaland Liabilities


Inputs


Inputs


Estimated(Level 1)


(Level 2)


(Level 3)


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

$



$
11,830


$
1,401


$
13,231Residential mortgage-backed securities






7,031



62



7,093Foreign corporate securities






4,136



926



5,062U.S. Treasury/agency securities


2,107



2,190



36



4,333Commercial mortgage-backed securities






2,158



116



2,274Asset-backed securities






1,169



558



1,727State and political subdivision securities






633



24



657Foreign government securities






459



10



469Total fixed maturity securities


2,107



29,606



3,133



34,846Equity securities:Common stock


40



70



8



118Non-redeemable preferred stock






38



318



356Total equity securities


40



108



326



474Trading securities


176



6



50



232Short-term investments (1)


1,171



1,952







3,123Derivative assets (2)


4



1,928



326



2,258Net embedded derivatives within asset host contracts (3)










2,062



2,062Separate account assets (4)


35,567



166



159



35,892Total assets

$
39,065


$
33,766


$
6,056


$
78,887LiabilitiesDerivative liabilities (2)

$
16


$
574


$
17


$
607Net embedded derivatives within liability host contracts (3)










1,405



1,405Total liabilities

$
16


$
574


$
1,422


$
2,012     (1)
    
    Short-term investments as presented in the table above differ
    from the amounts presented in the consolidated balance sheet
    because certain short-term investments are not measured at
    estimated fair value (e.g. time deposits, money market funds,
    etc.). F-98




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
   (2)
    
    Derivative assets are presented within other invested assets and
    derivatives liabilities are presented within other liabilities.
    The amounts are presented gross in the table above to reflect
    the presentation in the consolidated balance sheet, but are
    presented net for purposes of the rollforward in the following
    table.(3)
    
    Net embedded derivatives within asset host contracts are
    presented within premiums and other receivables. Net embedded
    derivatives within liability host contracts are presented within
    policyholder account balances and other liabilities. Equity
    securities also includes embedded derivatives of
    ($36) million.(4)
    
    Separate account assets are measured at estimated fair value.
    Investment performance related to separate account assets is
    fully offset by corresponding amounts credited to
    contractholders whose liability is reflected within separate
    account liabilities. Separate account liabilities are set equal
    to the estimated fair value of separate account assets as
    prescribed by
    SOP 03-1.    Level 1
    This category includes certain U.S. Treasury and agency
    fixed maturity securities, exchange-traded common stock, trading
    securities and certain short-term money market securities. As it
    relates to derivatives, this level includes financial futures
    including exchange-traded equity and interest rate futures.
    Separate account assets classified within this level principally
    include mutual funds. Also included are assets held within
    separate accounts which are similar in nature to those
    classified in this level for the general account.Level 2
    This category includes fixed maturity and equity securities
    priced principally by independent pricing services using
    observable inputs. These fixed maturity securities include most
    U.S. Treasury and agency securities as well as the majority
    of U.S. and foreign corporate securities, residential
    mortgage-backed securities, commercial mortgage-backed
    securities, state and political subdivision securities, foreign
    government securities, and asset-backed securities. Equity
    securities classified as Level 2 securities consist
    principally of non-redeemable preferred stock and certain equity
    securities where market quotes are available but are not
    considered actively traded. Short-term investments and trading
    securities included within Level 2 are of a similar nature
    to these fixed maturity and equity securities. As it relates to
    derivatives, this level includes all types of derivative
    instruments utilized by the Company with the exception of
    exchange-traded futures included within Level 1 and those
    derivative instruments with unobservable inputs as described in
    Level 3. Separate account assets classified within this
    level are generally similar to those classified within this
    level for the general account.Level 3
    This category includes fixed maturity securities priced
    principally through independent broker quotations or market
    standard valuation methodologies using inputs that are not
    market observable or cannot be derived principally from or
    corroborated by observable market data. This level consists of
    less liquid fixed maturity securities with very limited trading
    activity or where less price transparency exists around the
    inputs to the valuation methodologies and primarily include:
    U.S. and foreign corporate securities  including
    below investment grade private placements; commercial
    mortgage-backed securities; and asset backed
    securities  including all of those supported by
    sub-prime
    mortgage loans. Equity securities classified as Level 3
    securities consist principally of common stock of privately held
    companies and non-redeemable preferred stock where there has
    been very limited trading activity or where less price
    transparency exists around the inputs to the valuation. Trading
    securities included within Level 3 are of a similar nature
    to these fixed maturity and equity securities. As it relates to
    derivatives this category includes: financial forwards including
    swap spread locks with maturities which extend beyond observable
    periods; equity variance swaps with unobservable volatility
    inputs or that are priced via independent broker quotations;
    interest rate swaps with F-99




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
  maturities which extend beyond the observable portion of the
    yield curve; credit default swaps which are priced through
    independent broker quotations; equity options with unobservable
    volatility inputs; and interest rate caps and floors referencing
    unobservable yield curves
    and/or which
    include liquidity and volatility adjustments. Separate account
    assets classified within this level are generally similar to
    those classified within this level for the general account;
    however, they also include other limited partnership interests.
    Embedded derivatives classified within this level include
    embedded derivatives associated with certain variable annuity
    riders and embedded derivatives related to funds withheld on
    ceded reinsurance.    Fair Value Measurements Using Significant Unobservable Inputs
    (Level 3)Total Realized/UnrealizedGains (Losses) included in:


Purchases,Balance,


Impact of


Balance,





Other


Sales,


Transfer in


Balance,December 31,


SFAS 157


Beginning





Comprehensive


Issuances and


and/or Out


End of2007


Adoption (1)


of Period


Earnings (2,3)


Income (Loss)


Settlements (4)


of Level 3 (5)


Period(In millions)Fixed maturity securities

$
4,602


$



$
4,602


$
(263
)

$
(1,214
)

$
(232
)

$
240


$
3,133Equity securities


556







556



(48
)


(110
)


(72
)






326Trading securities






















50







50Net derivatives (6)


108







108



266







(65
)






309Separate account assets (7)


183







183



(22
)










(2
)


159Net embedded derivatives (8)


125



92



217



366







74







657     (1)
    
    Impact of SFAS 157 adoption represents the amount
    recognized in earnings as a change in estimate upon the adoption
    of SFAS 157 associated with Level 3 financial instruments
    held at January 1, 2008. Such amount was offset by a
    reduction to DAC of $30 million resulting in a net impact
    of $62 million. This net impact of $62 million along
    with a $3 million reduction in the estimated fair value of
    Level 2 freestanding derivatives results in a total impact
    of adoption of SFAS 157 of $59 million.(2)
    
    Amortization of premium/discount is included within net
    investment income which is reported within the earnings caption
    of total gains (losses). Impairments are included within net
    investment gains (losses) which is reported within the earnings
    caption of total gains (losses). Lapses associated with embedded
    derivatives are included with the earnings caption of total
    gains (losses).(3)
    
    Interest and dividend accruals, as well as cash interest coupons
    and dividends received, are excluded from the rollforward.(4)
    
    The amount reported within purchases, sales, issuances and
    settlements is the purchase/issuance price (for purchases and
    issuances) and the sales/settlement proceeds (for sales and
    settlements) based upon the actual date purchased/issued or
    sold/settled. Items purchased/issued and sold/settled in the
    same period are excluded from the rollforward. For embedded
    derivatives, attributed fees are included within this caption
    along with settlements, if any.(5)
    
    Total gains and (losses) (in earnings and other comprehensive
    income (loss)) are calculated assuming transfers in (out) of
    Level 3 occurred at the beginning of the period. Items
    transferred in and out in the same period are excluded from the
    rollforward.(6)
    
    Freestanding derivative assets and liabilities are presented net
    for purposes of the rollforward.(7)
    
    Investment performance related to separate account assets is
    fully offset by corresponding amounts credited to
    contractholders whose liability is reflected within separate
    account liabilities.(8)
    
    Embedded derivative assets and liabilities are presented net for
    purposes of the rollforward. F-100




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
   (9)
    
    Amounts presented do not reflect any associated hedging
    activities. Actual earnings associated with Level 3,
    inclusive of hedging activities, could differ materially.    Total Gains and LossesClassification of Realized/Unrealized Gains(Losses) included in EarningsNet


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)Fixed maturity securities

$
6


$
(269
)

$
(263
)Equity securities






(48
)


(48
)Net derivatives






266



266Net embedded derivatives






366



366     Change in Unrealized Gains (Losses) Relating to Assets Held
    at December 31, 2008:Net


NetInvestment


InvestmentIncome


Gains (Losses)


Total(In millions)Fixed maturity securities

$
6


$
(230
)

$
(224
)Equity securities






(29
)


(29
)Net derivatives






233



233Net embedded derivatives






353



353   Non-Recurring
    Fair Value Measurements
      17.
    Related
    Party Transactions  Service
    Agreements
   F-101




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
                18.
    Quarterly
    Information Unaudited   F-102




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
    Notes to the Consolidated Financial
    Statements  (Continued)
      For the Three Months EndedMarch 31, 2008


June 30, 2008


September 30, 2008As Previously





As Previously





As PreviouslyReported


As Restated


Reported


As Restated


Reported


As Restated(In millions)Assets:Deferred income tax assets

$
979


$
1,000


$
1,131


$
1,170


$
1,477


$
1,534Total assets

$
124,768


$
124,789


$
123,066


$
123,105


$
116,432


$
116,489Liabilities:Other policyholder funds

$
1,795


$
1,855


$
1,836


$
1,947


$
1,878


$
2,042Total liabilities

$
117,716


$
117,776


$
116,155


$
116,266


$
110,199


$
110,363Stockholders Equity:Retained earnings

$
1,002


$
963


$
1,177


$
1,105


$
1,396


$
1,289Total stockholders equity

$
7,052


$
7,013


$
6,911


$
6,839


$
6,233


$
6,126Total liabilities and stockholders equity

$
124,768


$
124,789


$
123,066


$
123,105


$
116,432


$
116,489   For the Three Months EndedMarch 31, 2008


June 30, 2008


September 30, 2008As Previously





As Previously





As PreviouslyReported


As Restated


Reported


As Restated


Reported


As Restated(In millions)Revenues:Premiums

$
155


$
149


$
65


$
61


$
90


$
84Universal life and investment-type product policy fees

$
400


$
346


$
372


$
325


$
436


$
389Total revenues

$
1,228


$
1,168


$
1,055


$
1,004


$
1,281


$
1,228Income from continuing operations before provision for income tax

$
138


$
78


$
244


$
193


$
301


$
248Provision for income tax

$
28


$
7


$
69


$
51


$
82


$
64Income from continuing operations

$
110


$
71


$
175


$
142


$
219


$
184Net income

$
110


$
71


$
175


$
142


$
219


$
184  F-103




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##### 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, 2008
    (In millions) Amount atCost or


Estimated


Which Shown onType of Investments

Amortized Cost (1)


Fair Value


Balance SheetFixed Maturity Securities:Bonds:U.S. Treasury/agency securities

$
3,407


$
4,333


$
4,333State and political subdivision securities


880



657



657Foreign government securities


454



469



469Public utilities


2,381



2,132



2,132All other corporate bonds


17,737



15,335



15,335Mortgage-backed and asset-backed securities


13,263



11,094



11,094Redeemable preferred stock


1,479



826



826Total fixed maturity securities


39,601



34,846



34,846Trading Securities


251



232



232Equity Securities:Common stock:Industrial, miscellaneous and all other


122



118



118Non-redeemable preferred stock


551



356



356Total equity securities


673



474



474Mortgage and consumer loans


4,447







4,447Policy loans


1,192







1,192Real estate and real estate joint ventures


608







608Other limited partnership interests


1,249







1,249Short-term investments


3,127







3,127Other invested assets


2,297







2,297Total investments

$
53,445






$
48,472     (1)
    
    The Companys trading securities portfolio is mainly
    comprised of fixed maturity and equity securities. Cost or
    amortized 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
    discounts; 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-104




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
 Schedule II



Condensed
    Financial Information of Registrant
    December 31, 2008 and 2007
    (In millions, except share and per share data) 2008


2007Condensed Balance SheetsAssetsInvestments:Fixed maturity securities
    available-for-sale,
    at estimated fair value (amortized cost: $34,567 and $41,940,
    respectively)

$
30,172


$
41,342Equity securities
    available-for-sale,
    at estimated fair value (cost: $662 and $906, respectively)


467



868Trading securities, at estimated fair value (cost: $50 and $0,
    respectively)


50



Mortgage and consumer loans


4,060



3,999Policy loans


1,151



874Real estate and real estate joint ventures held-for-investment


367



341Other limited partnership interests


947



897Short-term investments


1,539



601Investment in subsidiaries


3,411



2,603Other invested assets


2,136



1,432Total investments


44,300



52,957Cash and cash equivalents


4,753



1,252Accrued investment income


421



579Premiums and other receivables


5,501



4,956Receivables from subsidiaries


348



422Deferred policy acquisition costs and value of business acquired


3,344



3,129Current income tax recoverable






78Deferred income tax assets


2,272



1,145Goodwill


885



885Other assets


167



169Separate account assets


17,375



30,025Total assets

$
79,366


$
95,597Liabilities and Stockholders Equity Liabilities:Future policy benefits

$
18,993


$
19,131Policyholder account balances


28,283



28,306Other policyholder funds


415



401Short-term debt


300



Long-term debt  affiliated


950



200Current income tax payable


64



Payables for collateral under securities loaned and other
    transactions


6,983



9,543Other liabilities


1,069



643Separate account liabilities


17,375



30,025Total liabilities


74,432



88,249Stockholders Equity:Common stock, par value $2.50 per share; 40,000,000 shares
    authorized; 34,595,317 shares issued and outstanding at
    December 31, 2008 and 2007, respectively


86



86Additional paid-in capital


6,719



6,719Retained earnings


965



892Accumulated other comprehensive loss


(2,836
)


(349
)Total stockholders equity


4,934



7,348Total liabilities and stockholders equity

$
79,366


$
95,597    F-105




---



##### 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, 2008, 2007 and 2006
 (In millions)
  2008


2007


2006Condensed Statements of IncomeRevenuesPremiums

$
110


$
177


$
219Universal life and investment-type product policy fees


741



841



864Net investment income


2,226



2,588



2,528Equity in earnings from subsidiaries


278



248



97Other income


60



66



69Net investment gains (losses)


(179
)


(345
)


(480
)Total revenues


3,236



3,575



3,297ExpensesPolicyholder benefits and claims


682



741



716Interest credited to policyholder account balances


896



1,057



1,080Other expenses


1,006



796



694Total expenses


2,584



2,594



2,490Income from continuing operations before provision for income tax


652



981



807Provision for income tax


79



241



210Income from continuing operations


573



740



597Income from discontinued operations, net of income tax






4



Net income

$
573


$
744


$
597    F-106




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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, 2008, 2007 and 2006
 (In millions)
  2008


2007


2006Condensed Statements of Cash FlowsCash flows from operating activitiesNet cash provided by operating activities

$
856


$
2,333


$
1,036Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


18,221



19,995



25,341Equity securities


119



172



226Mortgage and consumer loans


458



1,103



922Real estate and real estate joint ventures


15



117



128Other limited partnership interests


181



423



561Purchases of:Fixed maturity securities


(11,263
)


(17,608
)


(21,884
)Equity securities


(65
)


(277
)


(70
)Mortgage and consumer loans


(560
)


(1,996
)


(1,951
)Real estate and real estate joint ventures


(47
)


(241
)


(55
)Other limited partnership interests


(340
)


(325
)


(312
)Net change in short-term investments


(934
)


(320
)


996Net change in other invested assets


(66
)


(984
)


(99
)Net change in policy loans


(277
)


6



1Other, net






2



(1
)Net cash provided by investing activities


5,442



67



3,803Cash flows from financing activitiesPolicyholder account balances:Deposits


3,275



2,830



2,184Withdrawals


(4,008
)


(5,330
)


(5,620
)Net change in short-term debt


300







Long-term debt issued  affiliated


750



200



Debt issuance costs


(8
)






Net change in payables for collateral under securities loaned
    and other transactions


(2,560
)


1,288



(474
)Financing element on certain derivative instruments


(46
)


33



(55
)Dividends on common stock


(500
)


(690
)


(917
)Net cash (used in) financing activities


(2,797
)


(1,669
)


(4,882
)Change in cash and cash equivalents


3,501



731



(43
)Cash and cash equivalents, beginning of year


1,252



521



564Cash and cash equivalents, end of year

$
4,753


$
1,252


$
521Supplemental disclosures of cash flow information:Net cash paid (received) during the year for:Interest

$
44


$
1


$
Income tax

$
(41
)

$
79


$
88Non-cash transactions during the year:Contribution of equity securities to MetLife Foundation

$



$
12


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

$



$



$
162Contribution of goodwill from MetLife

$



$



$
28    F-107




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
  Schedule II
  Notes to the Condensed Financial Information of Registrant
  1.
    Summary
    of Accounting Policies  Business
      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)
    Contingencies, Commitments and Guarantees (Note 10)
    Equity (Note 12)  2.
    Long-term
    and Short-term Debt  Long-term
    Debt
       F-108




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
  Schedule II
  Notes to the Condensed Financial Information of
    Registrant  (Continued)
      Short-term
    Debt
    3.
    Related
    Party Transactions  Service
    Agreements
         F-109




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)
  Schedule II
  Notes to the Condensed Financial Information of
    Registrant  (Continued)
        4.
    Subsequent
    Event   F-110




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)Schedule III
  Consolidated Supplementary Insurance Information
 December 31, 2008, 2007 and 2006
 (In millions)
  DAC


Future Policy


Policyholderand


Benefits and Other


Account


UnearnedSegment

VOBA


Policyholder Funds


Balances


Revenue (1)2008Individual

$
5,425


$
4,713


$
24,433


$
545Institutional


8



12,551



12,556



Corporate & Other


7



5,034



186



3$
5,440


$
22,298


$
37,175


$
5482007Individual

$
4,930


$
4,022


$
20,100


$
342Institutional


16



12,570



13,543



Corporate & Other


2



4,761



172



1$
4,948


$
21,353


$
33,815


$
3432006Individual

$
4,946


$
3,769


$
20,660


$
260Institutional


165



12,895



14,496



3Corporate & Other






4,503



(57
)


$
5,111


$
21,167


$
35,099


$
263     (1)
    
    Amounts are included within the future policy benefits and other
    policyholder funds column. F-111




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
 (A Wholly-Owned Subsidiary of MetLife, Inc.)
  Schedule III  (Continued)
  Consolidated Supplementary Insurance Information
 December 31, 2008, 2007 and 2006
 (In millions)
  Amortization ofPremium


Net


Policyholder


DAC and VOBA


OtherRevenue and


Investment


Benefits and


Charged to


Operating


Premiums WrittenSegment

Policy Charges


Income


Interest Credited


Other Expenses


Expenses (1)


(Excluding Life)2008Individual

$
1,534


$
1,097


$
1,269


$
1,148


$
632


$
Institutional


464



1,343



1,299



13



33



5Corporate & Other


14



54



8



2



105



12$
2,012


$
2,494


$
2,576


$
1,163


$
770


$
172007Individual

$
1,665


$
1,090


$
1,140


$
717


$
612


$
Institutional


73



1,510



1,104



23



27



7Corporate & Other


26



293



33







67



25$
1,764


$
2,893


$
2,277


$
740


$
706


$
322006Individual

$
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


$
34     (1)
    
    Includes other expenses excluding amortization of DAC and VOBA
    charged to other expenses. F-112




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
    (A Wholly-Owned Subsidiary of MetLife, Inc.)Schedule IV
  Consolidated Reinsurance
 December 31, 2008, 2007 and 2006
 (In millions)
  % AmountAssumedGross Amount


Ceded


Assumed


Net Amount


to Net2008Life insurance in-force

$
226,418


$
191,146


$
8,800


$
44,072



20.0
%Insurance premiumLife insurance

$
779


$
181


$
15


$
613



2.4
%Accident and health


263



242







21




%Total insurance premium

$
1,042


$
423


$
15


$
634



2.4
%   % AmountAssumedGross Amount


Ceded


Assumed


Net Amount


to Net2007Life insurance in-force

$
189,630


$
152,943


$
13,934


$
50,621



27.5
%Insurance premiumLife insurance

$
384


$
82


$
17


$
319



5.3
%Accident and health


270



236







34




%Total insurance premium

$
654


$
318


$
17


$
353



4.8
%   % 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
%    F-113




---



##### Table of Contents



Item 9.
    Changes
    in and Disagreements With Accountants on Accounting and
    Financial Disclosure   Item 9A(T).  Controls
    and Procedures  Rule 15d-15(e)
  Rule 15d-15(f)
  Managements
    Annual Report on Internal Control Over Financial
    Reporting
        Form 10-K
  Form 10-K page F-1.
  Item 9B.
    Other
    Information   78




---



##### Table of Contents



Part III  Item 10.
    Directors,
    Executive Officers and Corporate Governance  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, and Director
    Independence  Form 10-K.
  Item 14.
    Principal
    Accountant Fees and Services  Independent
    Auditors Fees for 2008 and 2007
  2008


2007(In millions)Audit Fees (1)

$
5.95


$
6.36Audit-Related Fees (2)

$
0.11


$
Tax Fees (3)

$
0.02


$
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 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 U.S.
    Securities and Exchange Commission (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, 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)
    
    Fees for other types of permitted services.  Approval
    of Fees
   79




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##### Table of Contents



80




---



##### Table of Contents



Part IV  Item 15.
    Exhibits
    and Financial Statement Schedules              page E-1.
 81




---



##### Table of Contents



Signatures        By:
    /s/  Michael
    K. Farrell   Title:
    President and Director    Signature

Title

Date/s/  William
    J. MullaneyWilliam
    J. Mullaney

Director

March 26, 2009/s/  Lisa
    M. WeberLisa
    M. Weber

Director

March 26, 2009/s/  Michael
    K. FarrellMichael
    K. Farrell

President and Director 
    (Principal Executive Officer)

March 26, 2009/s/  Stanley
    J. TalbiStanley
    J. Talbi

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

March 26, 2009/s/  Joseph
    J. Prochaska, Jr.Joseph
    J. Prochaska, Jr.

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

March 26, 2009   Supplemental Information to be Furnished With Reports Filed
    Pursuant to Section 15(d) of the Act by Registrants Which
    Have Not Registered Securities Pursuant to Section 12 of
    the Act:
   82




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##### Table of Contents



Exhibit Index  ExhibitNo.

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 (now MetLife
    Insurance Company of Connecticut), as effective October 19,
    1994 (Incorporated by reference to Exhibit 3.1 MetLife
    Insurance Company of Connecticut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 MetLife Insurance Company of Connecticut, as effective
    May 1, 2006 (the Certificate of Amendment)
    (Incorporated by reference to Exhibit 3.2 to the 2005
    Annual Report)3
.3

Certificate of Correction to the Certificate of Amendment. Filed
    April 9, 2007 (Incorporated by reference to
    Exhibit 3.3 to MetLife Insurance Company of
    Connecticuts Quarterly Report on
    Form 10-Q
    for the quarter ended June 30, 2007)3
.4

By-laws of MetLife Insurance Company of Connecticut, as
    effective October 20, 1994 (Incorporated by reference to
    Exhibit 3.3 to the 2005 Annual Report)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