##### 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, 2007oro

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

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

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

06103-3415(Address of principal
    executive offices)

(Zip Code)   (860) 308-1000
 (Registrants telephone
    number, including area code)
  Securities registered pursuant to Section 12(b) of the
    Act: None
  Securities registered pursuant to Section 12(g) of the
    Act: None
  o þ
  o þ
  þ o
  Regulation S-K Form 10-K Form 10-K. þ
  Rule 12b-2
  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




---



##### 





Table of
    Contents
   
 PageNumberPart IItem 1.


Business


3Item 1A.


Risk Factors


12Item 1B.


Unresolved Staff Comments


22Item 2.


Properties


23Item 3.


Legal Proceedings


23Item 4.


Submission of Matters to a Vote of Security
    Holders


24Part IIItem 5.


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


25Item 6.


Selected Financial Data


25Item 7.


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


26Item 7A.


Quantitative and Qualitative Disclosures About
    Market Risk


45Item 8.


Financial Statements and Supplementary Data


50Item 9.


Changes in and Disagreements With Accountants on
    Accounting and Financial Disclosure


51Item 9A(T).


Controls and Procedures


51Item 9B.


Other Information


51Part IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


52Item 11.


Executive Compensation


52Item 12.


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


52Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


52Item 14.


Principal Accountant Fees and Services


52Part IVItem 15.


Exhibits and Financial Statement Schedules


54Signatures


55Exhibit Index


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




---



##### Table of Contents



Note
    Regarding Forward-Looking Statements
  Form 10-K,
 2




---



##### Table of Contents



Part I  Item 1.
    Business  Form 10-K,
        Form 10-K
      Individual
   3




---



##### Table of Contents



Insurance
    Products
    Variable Life.
  Universal Life.
  Whole Life.
  Term Life.
  Annuities
    and Investment Products
    Variable Annuities.
  Fixed Annuities.
 4




---



##### Table of Contents



and/or
  Mutual Funds and Securities.
  Marketing
    and Distribution
        Institutional
    Marketing
    and Distribution
     5




---



##### Table of Contents



Corporate &
    Other
  start-up
  Policyholder
    Liabilities
                   6




---



##### Table of Contents



Underwriting
    and Pricing
                Reinsurance
    Activity
   7




---



##### Table of Contents



run-off
        Regulation
  Insurance
    Regulation
     8




---



##### Table of Contents



Holding Company Regulation.
    Guaranty Associations and Similar
    Arrangements.
    Statutory Insurance Examination.
  Policy and Contract Reserve Sufficiency
    Analysis.
  Surplus and Capital.
  Risk-Based Capital (RBC).
 9




---



##### Table of Contents



Regulation of Investments.
  Federal Initiatives.
  Legislative Developments.
    Broker-Dealer
    and Securities Regulation
   10




---



##### Table of Contents



Company
    Ratings
    Insurer
    Financial Strength Ratings
 MoodysA.M. Best



Investors

Standard &Company(1)

Fitch Ratings(2)

Service(3)

Poors(4)MetLife Insurance Company of Connecticut


A+



AA



Aa2



AAMetLife Investors USA Insurance Company


A+



AA



Aa2



AA     (1)
    
    A.M. Best Company financial strength ratings range from
    A++ (superior) to F (in liquidation). A
    rating of A+ is in the superior category.(2)
    
    Fitch Ratings insurer financial strength ratings range from
    AAA (exceptionally strong) to D
    (distressed). A rating of AA is in the
    very strong category.(3)
    
    Moodys Investors Service 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 Aa2 is in the
    excellent category.(4)
    
    Standard & Poors long-term insurer financial
    strength ratings range from AAA (extremely strong)
    to R (under regulatory supervision). A rating of
    AA is in the very strong category.  Rating
    Stability Indicators
       11




---



##### Table of Contents



Item 1A.
    Risk
    Factors  Changes
    in Market Interest Rates May Significantly Affect Our
    Profitability
        Industry
    Trends Could Adversely Affect the Profitability of Our
    Businesses
    Financial and Economic Environment.
 12




---



##### Table of Contents



Competitive Pressures.
  Regulatory Changes.
  A
    Decline in Equity Markets or an Increase in Volatility in Equity
    Markets May Adversely Affect Sales of Our Investment Products
    and Our Profitability
          13




---



##### Table of Contents



Adverse
    Credit Market Conditions May Significantly Affect Our Access to
    Capital, Cost of Capital and Ability to Meet Liquidity
    Needs
    The
    Performance of Our Investments Depends on Conditions that Are
    Outside Our Control, and Our Net Investment Income Can Vary from
    Period to Period
      Competitive
    Factors May Adversely Affect Our Market Share and
    Profitability
  e-business
      We May
    be Unable to Attract and Retain Sales Representatives for Our
    Products
   14




---



##### Table of Contents



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
    Catastrophes
    May Adversely Impact Liabilities for Policyholder Claims and
    Reinsurance Availability
     15




---



##### Table of Contents



A
    Downgrade or a Potential Downgrade in Our Financial Strength
    Ratings or that of MetLifes Other Insurance Subsidiaries,
    or MetLifes Credit Ratings Could Result in a Loss of
    Business and Adversely Affect Our Financial Condition and
    Results of Operations
      
    reducing new sales of insurance products, annuities and other
    investment products;
    adversely affecting our relationships with our sales force and
    independent sales intermediaries;
    materially increasing the number or amount of policy surrenders
    and withdrawals by contractholders and policyholders;
    requiring us to reduce prices for many of our products and
    services to remain competitive; and
    adversely affecting our ability to obtain reinsurance at
    reasonable prices or at all.    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
   16




---



##### Table of Contents



Defaults,
    Downgrades or Other Events Impairing the Value of Our Fixed
    Maturity Securities Portfolio May Reduce Our
    Earnings
    Defaults
    on Our Mortgage and Consumer Loans May Adversely Affect Our
    Profitability
    The
    Valuation of Investments 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
    and/or and/or
 17




---



##### Table of Contents



Some
    of Our Investments Are Relatively Illiquid
    Fluctuations
    in Foreign Currency Exchange Rates and Foreign Securities
    Markets Could Negatively Affect Our Profitability
  non-U.S. dollar non-U.S. dollar
    Reinsurance
    May Not Be Available, Affordable or Adequate to Protect Us
    Against Losses
    If the
    Counterparties to Our Reinsurance or Indemnification
    Arrangements or to the Derivative Instruments We Use to Hedge
    Our Business Risks Default or Fail to Perform, We May Be Exposed
    to Risks We Had Sought to Mitigate, Which Could Materially
    Adversely Affect Our Financial Condition and Results of
    Operations
   18




---



##### Table of Contents



Our
    Insurance Businesses Are Heavily Regulated, and Changes in
    Regulation May Reduce Our Profitability and Limit Our
    Growth
      
    licensing companies and agents to transact business;
    calculating the value of assets to determine compliance with
    statutory requirements;
    mandating certain insurance benefits;
    regulating certain premium rates;
    reviewing and approving policy forms;
    regulating unfair trade and claims practices, including through
    the imposition of restrictions on marketing and sales practices,
    distribution arrangements and payment of inducements;
    regulating advertising;
    protecting privacy;
    establishing statutory capital and reserve requirements and
    solvency standards;
    fixing maximum interest rates on insurance policy loans and
    minimum rates for guaranteed crediting rates on life insurance
    policies and annuity contracts;
    approving changes in control of insurance companies;
    restricting the payment of dividends and other transactions
    between affiliates; and
    regulating the types, amounts and valuation of investments.      and/or
 19




---



##### Table of Contents



Litigation
    and Regulatory Investigations Are Increasingly Common in Our
    Businesses and May Result in Significant Financial Losses and
    Harm to Our Reputation
       20




---



##### Table of Contents



Changes
    in Accounting Standards Issued by the Financial Accounting
    Standards Board or Other Standard-Setting Bodies May Adversely
    Affect Our Financial Statements
  and/or
  Changes
    in U.S. Federal and State Securities Laws and Regulations May
    Affect Our Operations and Our Profitability
      Changes
    in Tax Laws Could Make Some of Our Products Less Attractive to
    Consumers; Changes in Tax Laws, Tax Regulations, or
    Interpretations of Such Laws or Regulations Could Increase Our
    Corporate Taxes
   21




---



##### Table of Contents



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
    Item 1B.
    Unresolved
    Staff Comments   22




---



##### Table of Contents



Item 2.
    Properties      Item 3.
    Legal
    Proceedings  and/or
         23




---



##### Table of Contents



and/or
  Item 4.
    Submission
    of Matters to a Vote of Security Holders  Form 10-K.
 24




---



##### Table of Contents



Part II  Item 5.
    Market
    for Registrants Common Equity, Related Stockholder Matters
    and Issuer Purchases of Equity Securities          Item 6.
    Selected
    Financial Data  Form 10-K.
 25




---



##### Table of Contents



Item 7.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  Form 10-K.
    and/or
    Acquisition
    of MetLife Insurance Company of Connecticut by MetLife, Inc.
    from Citigroup Inc. and Combination of MetLife Investors USA
    Insurance Company
     26




---



##### Table of Contents



Form 10-K
  Summary
    of Critical Accounting Estimates
    (i)
    the fair value of investments in the absence of quoted market
    values;(ii)
    investment impairments;(iii)
    the recognition of income on certain investments;(iv)
    the application of the consolidation rules to certain
    investments;(v)
    the fair value of and accounting for derivatives;(vi)
    the capitalization and amortization of DAC and the establishment
    and amortization of VOBA;(vii)
    the measurement of goodwill and related impairment, if any;(viii)
    the liability for future policyholder benefits;(ix)
    accounting for income taxes and the valuation of deferred tax
    assets;(x)
    accounting for reinsurance transactions; and(xi)
    the liability for litigation and regulatory matters.    Investments
   27




---



##### Table of Contents



case-by-case
  (i)
    the length of time and the extent to which the market value has
    been below cost or amortized cost;(ii)
    the potential for impairments of securities when the issuer is
    experiencing significant financial difficulties;(iii)
    the potential for impairments in an entire industry sector or
    sub-sector;(iv)
    the potential for impairments in certain economically depressed
    geographic locations;(v)
    the potential for impairments of securities where the issuer,
    series of issuers or industry has suffered a catastrophic type
    of loss or has exhausted natural resources;(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(viii)
    other subjective factors, including concentrations and
    information obtained from regulators and rating agencies.     28




---



##### Table of Contents



Consolidation of Variable Interest Entities  An
    Interpretation of ARB No. 51
    Derivative
    Financial Instruments
          Deferred
    Policy Acquisition Costs and Value of Business
    Acquired
   29




---



##### Table of Contents



30




---



##### Table of Contents



Years Ended December 31,2007


2006(In millions)Investment return

$
(40
)

$
77Expense


(8
)


13In-force/Persistency


1



8Other


(69
)


(67
)Total

$
(116
)

$
31     Goodwill
      Liability
    for Future Policy Benefits
     31




---



##### Table of Contents



Income
    Taxes
      (i)
    future taxable income exclusive of reversing temporary
    differences and carryforwards;(ii)
    future reversals of existing taxable temporary differences; 32




---



##### Table of Contents



(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
  Reinsurance
    Litigation
    Contingencies
    Economic
    Capital
   33




---



##### Table of Contents



Liquidity
    Management
  12-month
      
    Cash Flows from Operations:  The Companys
    principal cash inflows from its insurance activities come from
    insurance premiums, annuity considerations and deposit funds.
    Sale of Liquid Assets:  An integral part of the
    Companys liquidity management is the amount of liquid
    assets it holds. Liquid assets include cash, cash equivalents,
    short-term investments, and marketable fixed maturity and equity
    securities. The Company closely monitors and manages these risks
    through its credit risk management process. See Risk
    Factors  The Performance of Our Investments Depends
    on Conditions that Are Outside Our Control, and Our Net
    Investment Income Can Vary from Period to Period,
    Risk Factors  Defaults, Downgrades or Other
    Events Impairing the Value of Our Fixed Maturity Securities
    Portfolio May Reduce Our Earnings, and Risk
    Factors  Some of Our Investments Are Relatively
    Illiquid.
    Funding Sources:  Liquidity may also be provided by
    borrowing from the capital markets, MetLife or affiliated
    companies, securities lending and other secured borrowing such
    as through repurchase agreements. Restrictions on transactions
    with affiliates might necessitate the approval of the
    Connecticut Commissioner of Insurance for borrowing from MetLife
    or affiliated companies, if certain limits were exceeded. See
    Risk Factors  Adverse Credit Market Conditions
    May Significantly Affect Our Access to Capital, Cost of Capital
    and Ability to Meet Liquidity Needs.   34




---



##### Table of Contents



Results
    of Operations
  Discussion
    of Results
    Years Ended December 31,2007


2006(In millions)RevenuesPremiums

$
353


$
308Universal life and investment-type product policy fees


1,411



1,268Net investment income


2,893



2,839Other revenues


251



212Net investment gains (losses)


(198
)


(521
)Total revenues


4,710



4,106ExpensesPolicyholder benefits and claims


978



792Interest credited to policyholder account balances


1,304



1,316Other expenses


1,455



1,173Total expenses


3,737



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


973



825Provision for income tax


282



228Income from continuing operations


691



597Income from discontinued operations, net of income tax


4



Net income

$
695


$
597   Income
    from Continuing Operations
        
    Higher DAC amortization of $164 million, net of income tax,
    primarily resulting from business growth, lower net investment
    losses in the current year and revisions to managements
    assumptions used to determine estimated gross profits.
    Higher expenses of $34 million, net of income tax. Higher
    general expenses, the impact of revisions to certain liabilities
    in both periods, a contribution to the MetLife Foundation and
    the start-up of the Companys operations in Ireland
    contributed to the increase in other expenses.
    Higher policyholder benefits and claims of $31 million, net
    of income tax, due to growth in deferred annuities. 35




---



##### Table of Contents




    Unfavorable underwriting results of $16 million, net of
    income tax. Management attributed the unfavorable underwriting
    results primarily to the life products and
    retirement & savings business of $12 million and
    $11 million, both net of income tax, respectively,
    partially offset by favorable underwriting results of
    $7 million, net of income tax, in the non-medical
    health & other business. Underwriting results are
    generally the difference between the portion of premium and fee
    income intended to cover mortality, morbidity or other insurance
    costs, less claims incurred, and the change in insurance-related
    liabilities. Underwriting results are significantly influenced
    by mortality, morbidity or other insurance-related experience
    trends, as well as the reinsurance activity related to certain
    blocks of business. Consequently, results can fluctuate from
    period to period.
    An increase in interest credited to policyholder account
    balances of $12 million, net of income tax, due primarily
    to lower amortization of the excess interest reserves on
    acquired annuity and universal life blocks of business.    
    Higher universal life and investment-type product policy fees of
    $98 million, net of income tax, primarily related to fees
    being earned on higher average account balances.
    Higher net investment income on blocks of business not driven by
    interest margins of $28 million, net of income tax.
    An increase in interest margins of $4 million, net of
    income tax. Management attributed this increase primarily to
    increases in the retirement & savings business and
    other investment-type products of $21 million and
    $18 million, net of income tax, respectively, partially
    offset by decreases in the deferred annuity business of
    $34 million, net of income tax. Interest margin is the
    difference between interest earned and interest credited to
    policyholder account balances. Interest earned approximates net
    investment income on investable assets with minor adjustments
    related to the consolidation of certain separate accounts and
    other minor non-policyholder elements. Interest credited is the
    amount attributed to insurance products, recorded in
    policyholder benefits and claims, and the amount credited to
    policyholder account balances for investment-type products,
    recorded in interest credited to policyholder account balances.
    Interest credited on insurance products reflects the current
    year impact of the interest rate assumptions established at
    issuance or acquisition. Interest credited to policyholder
    account balances is subject to contractual terms, including some
    minimum guarantees. This tends to move gradually over time to
    reflect market interest rate movements and may reflect actions
    by management to respond to competitive pressures and,
    therefore, generally does not introduce volatility in expense.    Revenues
     36




---



##### Table of Contents



Expenses
        05-1, Accounting by Insurance Enterprises for Deferred Acquisition
    Costs in Connection with Modifications or Exchanges of Insurance
    Contracts (SOP 05-1) start-up
 37




---



##### 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
     38




---



##### Table of Contents



Guarantees
          Collateral
    for Securities Lending
    Insolvency
    Assessments
   39




---



##### Table of Contents



December 31,2007


2006(In millions)Other Assets:Premium tax offset for future undiscounted assessments

$
8


$
9Premium tax offsets currently available for paid assessments


1



1$
9


$
10Liability:Insolvency assessments

$
17


$
19     Effects
    of Inflation
    Adoption
    of New Accounting Pronouncements
  Income
    Taxes
      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 non-medical SOP 05-1, SOP 05-1,
 40




---



##### Table of Contents



Derivative
    Financial Instruments
    
    Effective January 1, 2006, the Company adopted
    prospectively SFAS No. 155, Accounting for Certain
    Hybrid Instruments (SFAS 155).
    SFAS 155 amends SFAS No. 133, Accounting for
    Derivative Instruments and Hedging
    (SFAS 133) and SFAS No. 140,
    Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities
    (SFAS 140). SFAS 155 allows financial
    instruments that have embedded derivatives to be accounted for
    as a whole, eliminating the need to bifurcate the derivative
    from its host, if the holder elects to account for the whole
    instrument on a fair value basis. In addition, among other
    changes, SFAS 155:  (i)
    clarifies which interest-only strips and principal-only strips
    are not subject to the requirements of SFAS 133;  (ii)
    establishes a requirement to evaluate interests in securitized
    financial assets to identify interests that are freestanding
    derivatives or that are hybrid financial instruments that
    contain an embedded derivative requiring bifurcation;  (iii)
    clarifies that concentrations of credit risk in the form of
    subordination are not embedded derivatives; and  (iv)
    amends SFAS 140 to eliminate the prohibition on a
    qualifying special-purpose entity (QSPE) from
    holding a derivative financial instrument that pertains to a
    beneficial interest other than another derivative financial
    interest.    
    Effective October 1, 2006, the Company adopted
    SFAS 133 Implementation Issue No. B40, Embedded
    Derivatives: Application of Paragraph 13(b) to Securitized
    Interests in Prepayable Financial Assets (Issue
    B40). Issue B40 clarifies that a securitized interest in
    prepayable financial assets is not subject to the conditions in
    paragraph 13(b) of SFAS 133, if it meets both of the
    following criteria: (i) the right to accelerate the
    settlement if the securitized interest cannot be controlled by
    the investor; and (ii) the securitized interest itself does
    not contain an embedded derivative (including an interest
    rate-related derivative) for which bifurcation would be required
    other than an embedded derivative that results solely from the
    embedded call options in the underlying financial assets. The
    adoption of Issue B40 did not have a material impact on the
    Companys consolidated financial statements.
    Effective January 1, 2006, the Company adopted
    prospectively SFAS 133 Implementation Issue No. B38,
    Embedded Derivatives: Evaluation of Net Settlement with
    Respect to the Settlement of a Debt Instrument through Exercise
    of an Embedded Put Option or Call Option (Issue
    B38) and SFAS 133 Implementation Issue No. B39,
    Embedded Derivatives: Application of Paragraph 13(b) to
    Call Options That Are Exercisable Only by the Debtor
    (Issue B39). Issue B38 clarifies that the potential
    settlement of a debtors obligation to a creditor occurring
    upon exercise of a put or call option meets the net settlement
    criteria of SFAS 133. Issue B39 clarifies that an embedded
    call option, in which the underlying is an interest rate or
    interest rate index, that can accelerate the settlement of a
    debt host financial instrument should not be bifurcated and fair
    valued if the right to accelerate the settlement can be
    exercised only by the debtor (issuer/borrower) and the investor
    will recover substantially all of its initial net investment.
    The adoption of Issues B38 and B39 did not have a material
    impact on the Companys consolidated financial statements.  Other
  Accounting for Servicing of Financial
    Assets  an amendment of FASB Statement
    No. 140
 41




---



##### Table of Contents



Considering the Effects of Prior Year Misstatements when
    Quantifying Misstatements in Current Year Financial
    Statements
  Accounting Changes and Error
    Corrections, a replacement of APB Opinion No. 20 and FASB
    Statement No. 3
  No. 04-5, Determining Whether a General Partner, or the General
    Partners as a Group, Controls a Limited Partnership or Similar
    Entity When the Limited Partners Have Certain Rights (EITF 04-5). EITF 04-5 EITF 04-5 EITF 04-5 EITF 04-5
  No. FAS 140-2, Clarification of the Application of Paragraphs 40(b) and
    40(c) of FAS 140 (FSP 140-2). FSP 140-2 FSP 140-2, FSP 140-2
  Exchanges of Nonmonetary Assets, an
    amendment of APB Opinion No. 29
  No. 03-1, The Meaning of Other-Than-Temporary Impairment and Its
    Application to Certain Investments (EITF 03-1). EITF 03-1 EITF 03-1 Accounting for Certain Investments in
    Debt
 42




---



##### Table of Contents



and Equity Securities FAS 115-1 FAS 124-1, The Meaning of Other-Than-Temporary Impairment and its
    Application to Certain Investments (FSP 115-1), EITF 03-1. FSP 115-1,
  Future
    Adoption of New Accounting Pronouncements
  Fair
    Value
  Fair Value Measurements
  The
    Fair Value Option for Financial Assets and Financial
    Liabilities instrument-by-instrument
  SOP 07-1, Clarification of the Scope of the Audit and Accounting Guide
    Investment Companies and Accounting by Parent Companies and
    Equity Method Investors for Investments in Investment
    Companies (SOP 07-1). SOP 07-1, No. FIN 46(r)-7, FIN 46(r)-7), Consolidation of
    Variable Interest Entities  An Interpretation of
    Accounting Research Bulletin No. 51 SOP 07-1 Investment
    Companies SOP 07-1 SOP 07-1 No. SOP 7-1-1, Effective Date of AICPA Statement of Position
    07-1 SOP 07-1.
  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
 43




---



##### Table of Contents



FSP 39-1 FSP 39-1, FSP 39-1
  Business
    Combinations
  Business Combinations  A
    Replacement of FASB Statement No. 141 Noncontrolling Interests in Consolidated Financial
    Statements  An Amendment of ARB No. 51
  
    All business combinations (whether full, partial, or
    step acquisitions) result in all assets and
    liabilities of an acquired business being recorded at fair
    value, with limited exceptions.
    Acquisition costs are generally expensed as incurred;
    restructuring costs associated with a business combination are
    generally expensed as incurred subsequent to the acquisition
    date.
    The fair value of the purchase price, including the issuance of
    equity securities, is determined on the acquisition date.
    Certain acquired contingent liabilities are recorded at fair
    value at the acquisition date and subsequently measured at
    either the higher of such amount or the amount determined under
    existing guidance for non-acquired contingencies.
    Changes in deferred tax asset valuation allowances and income
    tax uncertainties after the acquisition date generally affect
    income tax expense.
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities.
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions.
    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.    Other
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  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
  Clarification of the Application of the Shortcut
    Method
 44




---



##### Table of Contents



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
  Item 7A.
    Quantitative
    and Qualitative Disclosures About Market Risk        Market
    Risk Exposures
    Interest Rates.
 45




---



##### Table of Contents



Equity Market Prices.
  Foreign Currency Exchange Rates. non-U.S. dollar
  Risk
    Management
  Corporate Risk Management.
    
    implementing a Board of Directors-approved corporate risk
    framework, which outlines MetLifes approach for managing
    risk on an enterprise-wide basis;
    developing policies and procedures for managing, measuring and
    monitoring those risks identified in the corporate risk
    framework;
    establishing appropriate corporate risk tolerance levels;
    deploying capital on an economic capital basis; and
    reporting on a periodic basis to the Governance Committee of
    MetLifes Board of Directors and various financial and
    non-financial senior management committees.  Asset/Liability Management.
   46




---



##### Table of Contents



Hedging Activities.
  Risk
    Measurement: Sensitivity Analysis
    
    the net present values of the Companys interest rate
    sensitive exposures resulting from a 10% change (increase or
    decrease) in interest rates;
    the market value of the Companys equity positions due to a
    10% change (increase or decrease) in equity prices; and
    the U.S. dollar equivalent balances of the Companys
    currency exposures due to a 10% change (increase or decrease) in
    currency exchange rates. 47




---



##### Table of Contents




    the market risk information is limited by the assumptions and
    parameters established in creating the related sensitivity
    analysis, including the impact of prepayment rates on mortgages;
    for derivatives that qualify as hedges, the impact on reported
    earnings may be materially different from the change in market
    values;
    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, 2007(In millions)Interest rate risk

$
628Equity price risk

$
2Foreign currency exchange rate risk

$
39  48




---



##### Table of Contents



December 31, 2007Assuming a 10%Notional





Increase in theAmount


Estimated Fair Value


Yield Curve(In millions)AssetsFixed maturity securities





$
45,671


$
(910
)Equity securities






952



Mortgage and consumer loans






4,407



(53
)Policy loans






913



(17
)Short-term investments






1,335



(1
)Cash and cash equivalents






1,774



Mortgage loan commitments

$
626



(11
)


(7
)Commitments to fund bank credit facilities and private corporate
    bond investments


488



(31
)


Total assets









$
(988
)LiabilitiesPolicyholder account balances





$
27,707


$
333Long-term debt  affiliated






609



41Payables for collateral under securities loaned and other
    transactions






10,471



Total liabilities









$
374OtherDerivative instruments (designated hedges or otherwise)Interest rate swaps

$
12,437


$
192


$
15Interest rate floors


12,071



159



(6
)Interest rate caps


10,715



7



5Financial futures


721



(3
)


10Foreign currency swaps


3,716



691



(31
)Foreign currency forwards


167



2



Options






84



(6
)Financial forwards


1,108



20



(1
)Credit default swaps


1,013



2



Total other









$
(14
)Net change









$
(628
)    49




---



##### 



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


F-1Financial Statements at December 31, 2007 and 2006 and for
    the Years Ended December 31, 2007, 2006 and 2005:Consolidated Balance Sheets


F-2Consolidated Statements of Income


F-3Consolidated Statements of Stockholders
    Equity


F-4Consolidated Statements of Cash Flows


F-5Notes to Consolidated Financial Statements


F-7Financial Statement Schedules at December 31, 2007 and 2006
    and for the Years Ended December 31, 2007, 2006 and 2005:Schedule I  Consolidated Summary
    of Investments  Other Than Investments in Related
    Parties


F-74Schedule III  Consolidated
    Supplementary Insurance Information


F-75Schedule IV  Consolidated
    Reinsurance


F-77   50




---



##### 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 Sheets
    December 31, 2007 and 2006





(In
    millions, except share and per share data)  2007


2006AssetsInvestments:Fixed maturity securities available-for-sale, at estimated fair
    value (amortized cost: $46,264 and $48,406, respectively)

$
45,671


$
47,846Equity securities available-for-sale, at estimated fair value
    (cost: $992 and $777, respectively)


952



795Mortgage and consumer loans


4,404



3,595Policy loans


913



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


541



173Real estate held-for-sale






7Other limited partnership interests


1,130



1,082Short-term investments


1,335



777Other invested assets


1,445



1,241Total investments


56,391



56,434Cash and cash equivalents


1,774



649Accrued investment income


637



597Premiums and other receivables


8,320



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


4,948



5,111Current income tax recoverable


91



94Deferred income tax assets


848



1,007Goodwill


953



953Other assets


753



765Separate account assets


53,867



50,067Total assets

$
128,582


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

$
19,576


$
19,654Policyholder account balances


33,871



35,099Other policyholder funds


1,777



1,513Long-term debt  affiliated


635



435Payables for collateral under securities loaned and other
    transactions


10,471



9,155Other liabilities


1,072



749Separate account liabilities


53,867



50,067Total liabilities


121,269



116,672Contingencies, Commitments and Guarantees (Note 12)Stockholders Equity:Common stock, par value $2.50 per share; 40,000,000 shares
    authorized; 34,595,317 shares issued and outstanding at
    December 31, 2007 and 2006


86



86Additional paid-in capital


6,719



7,123Retained earnings


843



520Accumulated other comprehensive income (loss)


(335
)


(314
)Total stockholders equity


7,313



7,415Total liabilities and stockholders equity

$
128,582


$
124,087    F-2




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned
    Subsidiary of MetLife, Inc.)
  Consolidated
    Statements of Income
    For the Years Ended December 31, 2007, 2006 and
    2005



(In
    millions)  2007


2006


2005RevenuesPremiums

$
353


$
308


$
281Universal life and investment-type product policy fees


1,411



1,268



862Net investment income


2,893



2,839



1,438Other revenues


251



212



132Net investment gains (losses)


(198
)


(521
)


(198
)Total revenues


4,710



4,106



2,515ExpensesPolicyholder benefits and claims


978



792



570Interest credited to policyholder account balances


1,304



1,316



720Other expenses


1,455



1,173



678Total expenses


3,737



3,281



1,968Income from continuing operations before provision for income tax


973



825



547Provision for income tax


282



228



156Income from continuing operations


691



597



391Income from discontinued operations, net of income tax


4







Net income

$
695


$
597


$
391    F-3




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned
    Subsidiary of MetLife, Inc.)
  Consolidated
    Statements of Stockholders Equity
    For the Years Ended December 31, 2007, 2006 and
    2005



(In
    millions)  Accumulated OtherComprehensive Income (Loss)Net


ForeignAdditional





Unrealized


CurrencyCommon


Paid-in


Retained


Investment


TranslationStock


Capital


Earnings


Gains (Losses)


Adjustments


TotalBalance at January 1, 2005

$
11


$
471


$
190


$
30


$



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


75



6,709















6,784Comprehensive income (loss):Net income










391











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














(1
)






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














(445
)






(445
)Foreign currency translation adjustments, net of income tax


















2



2Other comprehensive income (loss)






















(444
)Comprehensive income (loss)






















(53
)Balance at December 31, 2005


86



7,180



581



(416
)


2



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






40















40Dividend paid to MetLife, Inc.






(259
)


(658
)










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






162















162Comprehensive income: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, Inc.






(404
)


(286
)










(690
)Comprehensive income:Net income










695











695Other 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


















26



26Other comprehensive income (loss)






















(21
)Comprehensive income






















674Balance at December 31, 2007

$
86


$
6,719


$
843


$
(361
)

$
26


$
7,313    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, 2007, 2006 and
    2005



(In
    millions)  2007


2006


2005Cash flows from operating activitiesNet income

$
695


$
597


$
391Adjustments to reconcile net income to net cash provided by
    operating activities:Depreciation and amortization expenses


26



6



4Amortization of premiums and accretion of discounts associated
    with investments, net


11



74



112Losses from sales of investments and businesses, net


201



521



198Gain from recapture of ceded reinsurance


(22
)






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


(121
)


(83
)


(19
)Interest credited to policyholder account balances


1,304



1,316



720Universal life and investment-type product policy fees


(1,411
)


(1,268
)


(862
)Change in accrued investment income


(35
)


2



(68
)Change in premiums and other receivables


360



(509
)


(415
)Change in deferred policy acquisition costs, net


61



(234
)


(211
)Change in insurance-related liabilities


71



234



812Change in trading securities






(43
)


103Change in income tax payable


287



156



298Change in other assets


690



586



574Change in other liabilities


234



(351
)


(876
)Other, net










2Net cash provided by operating activities


2,351



1,004



763Cash flows from investing activitiesSales, maturities and repayments of:Fixed maturity securities


21,546



27,706



24,008Equity securities


146



218



221Mortgage and consumer loans


1,208



1,034



748Real estate and real estate joint ventures


155



126



65Other limited partnership interests


465



762



173Purchases of:Fixed maturity securities


(19,365
)


(23,840
)


(32,850
)Equity securities


(357
)


(109
)


Mortgage and consumer loans


(2,030
)


(2,092
)


(500
)Real estate and real estate joint ventures


(458
)


(56
)


(13
)Other limited partnership interests


(515
)


(343
)


(330
)Net change in policy loans


5



(2
)


3Net change in short-term investments


(558
)


991



599Net change in other invested assets


(175
)


(316
)


233Other, net


16



1



3Net cash provided by (used in) investing activities

$
83


$
4,080


$
(7,640
)    F-5




---



##### 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, 2007, 2006 and
    2005  (Continued)
  (In
    millions)
  2007


2006


2005Cash flows from financing activitiesPolicyholder account balances:Deposits

$
11,395


$
8,185


$
11,230Withdrawals


(13,563
)


(11,637
)


(12,369
)Net change in payables for collateral under securities loaned
    and other transactions


1,316



(582
)


7,675Net change in short-term debt  affiliated










(26
)Long-term debt issued  affiliated


200







400Dividends on common stock


(690
)


(917
)


Financing element on certain derivative instruments


33



(55
)


(49
)Contribution of MetLife Insurance Company of Connecticut from
    MetLife, Inc.










443Net cash (used in) provided by financing activities


(1,309
)


(5,006
)


7,304Change in cash and cash equivalents


1,125



78



427Cash and cash equivalents, beginning of year


649



571



144Cash and cash equivalents, end of year

$
1,774


$
649


$
571Supplemental disclosures of cash flow information:Net cash paid (received) during the year for:Interest

$
33


$
31


$
18Income tax

$
(6
)

$
81


$
87Non-cash transactions during the year:Net assets of MetLife Insurance Company of Connecticut acquired
    by MetLife, Inc. and contributed to MetLife Investors USA
    Insurance Company, net of cash received of $0, $0 and
    $443 million

$



$



$
6,341Contribution of equity securities to MetLife Foundation

$
12


$



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

$



$
162


$
Contribution of goodwill from MetLife, Inc.

$



$
29


$
          F-6




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut



(A Wholly-Owned Subsidiary of MetLife, Inc.)



Notes to Consolidated Financial Statements  1.
    Business,
    Basis of Presentation and Summary of Significant Accounting
    Policies  Business
            Basis
    of Presentation
          Summary
    of Significant Accounting Policies and Critical Accounting
    Estimates
   F-7




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    (i)
    the fair value of investments in the absence of quoted market
    values;(ii)
    investment impairments;(iii)
    the recognition of income on certain investments;(iv)
    the application of the consolidation rules to certain
    investments;(v)
    the fair value of and accounting for derivatives;(vi)
    the capitalization and amortization of deferred policy
    acquisition costs (DAC) and the establishment and
    amortization of value of business acquired (VOBA);(vii)
    the measurement of goodwill and related impairment, if any;(viii)
    the liability for future policyholder benefits;(ix)
    accounting for income taxes and the valuation of deferred tax
    assets;(x)
    accounting for reinsurance transactions; and(xi)
    the liability for litigation and regulatory matters.    Investments
    Fixed Maturity and Equity Securities.
     F-8




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      case-by-case
    Securities Lending.
  Mortgage and Consumer Loans.
 F-9




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  and/or
  Policy Loans.
  Real Estate.
  Real Estate Joint Ventures and Other Limited Partnership
    Interests.
 F-10




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Short-term Investments.
  Other Invested Assets.
  Estimates and Uncertainties.
        Consolidation of Variable Interest Entities  An
    Interpretation of ARB No. 51
   F-11




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Derivative
    Financial Instruments
           F-12




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
                 F-13




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Cash and
    Cash Equivalents
    Property,
    Equipment, Leasehold Improvements and Computer
    Software
      Deferred
    Policy Acquisition Costs and Value of Business
    Acquired
     F-14




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to 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,
 F-15




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Sales
    Inducements
    Goodwill
    Liability
    for Future Policy Benefits and Policyholder Account
    Balances
         F-16




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
        
    Annuity 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 500 Index
    (S&P). The benefits 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.      
    Guaranteed minimum withdrawal benefit riders (GMWB)
    guarantee the contractholder a return of their purchase payment
    via partial withdrawals, even if the account value is reduced to
    zero, provided that the contractholders cumulative
    withdrawals in a contract year do not exceed a certain limit.
    The initial guaranteed withdrawal amount is equal to the initial
    benefit base as defined in the contract (typically, the initial
    purchase payments plus applicable bonus amounts). The GMWB is an
    embedded derivative, which is measured at fair value separately
    from the host variable annuity product. F-17




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
   
    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 also an embedded derivative, which is measured at fair
    value separately from the host variable annuity product.
    For both GMWB and GMAB, the initial benefit base is increased by
    additional purchase payments made within a certain time period
    and decreases by benefits paid
    and/or
    withdrawal amounts. After a specified period of time, the
    benefit base may also increase as a result of an optional reset
    as defined in the contract.          Other
    Policyholder Funds
       F-18




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Recognition
    of Insurance Revenue and Related Benefits
          Other
    Revenues
    Income
    Taxes
           F-19




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    (i)
    future taxable income exclusive of reversing temporary
    differences and carryforwards;(ii)
    future reversals of existing taxable temporary differences;(iii)
    taxable income in prior carryback years; and(iv)
    tax planning strategies.    Accounting for Uncertainty in Income Taxes  An
    Interpretation of FASB Statement No. 109
    Reinsurance
         F-20




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
            Separate
    Accounts
    line-by-line
  Employee
    Benefit Plans
   F-21




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Foreign
    Currency
    Discontinued
    Operations
    Litigation
    Contingencies
    Adoption
    of New Accounting Pronouncements
  Income
    Taxes
    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.
 F-22




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  SOP 05-1
  SOP 05-1 non-medical SOP 05-1, SOP 05-1,
  Derivative
    Financial Instruments
    
    Effective January 1, 2006, the Company adopted
    prospectively SFAS No. 155, Accounting for Certain
    Hybrid Instruments (SFAS 155).
    SFAS 155 amends SFAS No. 133, Accounting for
    Derivative Instruments and Hedging
    (SFAS 133) and SFAS No. 140,
    Accounting for Transfers and Servicing of Financial Assets
    and Extinguishments of Liabilities
    (SFAS 140). SFAS 155 allows financial
    instruments that have embedded derivatives to be accounted for
    as a whole, eliminating the need to bifurcate the derivative
    from its host, if the holder elects to account for the whole
    instrument on a fair value basis. In addition, among other
    changes, SFAS 155:  (i)
    clarifies which interest-only strips and principal-only strips
    are not subject to the requirements of SFAS 133;(ii)
    establishes a requirement to evaluate interests in securitized
    financial assets to identify interests that are freestanding
    derivatives or that are hybrid financial instruments that
    contain an embedded derivative requiring bifurcation;(iii)
    clarifies that concentrations of credit risk in the form of
    subordination are not embedded derivatives; and(iv)
    amends SFAS 140 to eliminate the prohibition on a
    qualifying special-purpose entity (QSPE) from
    holding a derivative financial instrument that pertains to a
    beneficial interest other than another derivative financial
    interest.    
    Effective October 1, 2006, the Company adopted
    SFAS 133 Implementation Issue No. B40, Embedded
    Derivatives: Application of Paragraph 13(b) to Securitized
    Interests in Prepayable Financial Assets
    (Issue B40). Issue B40 clarifies that a
    securitized interest in prepayable financial assets is not
    subject to the conditions in paragraph 13(b) of
    SFAS 133, if it meets both of the following criteria:
    (i) the right to accelerate the settlement if the
    securitized interest cannot be controlled by the investor; and
    (ii) the securitized interest itself does not contain an
    embedded derivative (including an interest rate-related
    derivative) for which bifurcation would be required other than
    an embedded derivative that results solely from the embedded
    call options in the underlying financial assets. The adoption of
    Issue B40 did not have a material impact on the Companys
    consolidated financial statements.
    Effective January 1, 2006, the Company adopted
    prospectively SFAS 133 Implementation Issue No. B38,
    Embedded Derivatives: Evaluation of Net Settlement with
    Respect to the Settlement of a Debt Instrument F-23




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  through Exercise of an Embedded Put Option or Call Option
    (Issue B38) and SFAS 133 Implementation
    Issue No. B39, Embedded Derivatives: Application of
    Paragraph 13(b) to Call Options That Are Exercisable Only
    by the Debtor (Issue B39). Issue B38
    clarifies that the potential settlement of a debtors
    obligation to a creditor occurring upon exercise of a put or
    call option meets the net settlement criteria of SFAS 133.
    Issue B39 clarifies that an embedded call option, in which
    the underlying is an interest rate or interest rate index, that
    can accelerate the settlement of a debt host financial
    instrument should not be bifurcated and fair valued if the right
    to accelerate the settlement can be exercised only by the debtor
    (issuer/borrower) and the investor will recover substantially
    all of its initial net investment. The adoption of
    Issues B38 and B39 did not have a material impact on the
    Companys consolidated financial statements.  Other
  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
  No. 04-5, Determining Whether a General Partner, or the General
    Partners as a Group, Controls a Limited Partnership or Similar
    Entity When the Limited Partners Have Certain Rights (EITF 04-5). EITF 04-5 EITF 04-5 EITF 04-5 EITF 04-5
  No. FAS 140-2, Clarification of the Application of Paragraphs 40(b) and
    40(c) of FAS 140 (FSP 140-2).
 F-24




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  FSP 140-2 FSP 140-2, FSP 140-2
  Exchanges of Nonmonetary Assets, an
    amendment of APB Opinion No. 29
  No. 03-1, The Meaning of Other-Than-Temporary Impairment and Its
    Application to Certain Investments (EITF 03-1). EITF 03-1 EITF 03-1 Accounting for Certain Investments in
    Debt and Equity Securities FAS 115-1 FAS 124-1, The Meaning of Other-Than-Temporary Impairment and its
    Application to Certain Investments (FSP 115-1), EITF 03-1. FSP 115-1,
  Future
    Adoption of New Accounting Pronouncements
  Fair
    Value
  Fair Value Measurements
  The
    Fair Value Option for Financial Assets and Financial
    Liabilities instrument-by-instrument
 F-25




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  SOP 07-1, Clarification of the Scope of the Audit and Accounting Guide
    Investment Companies and Accounting by Parent Companies and
    Equity Method Investors for Investments in Investment
    Companies (SOP 07-1). SOP 07-1, No. FIN 46(r)-7, Application of FASB Interpretation No. 46 to Investment
    Companies FIN 46(r)-7), Consolidation of
    Variable Interest Entities  An Interpretation of
    Accounting Research Bulletin No. 51 SOP 07-1 Investment
    Companies SOP 07-1 SOP 07-1 No. SOP 7-1-1, Effective Date of AICPA Statement of Position
    07-1 SOP 07-1.
  No. FIN 39-1, Amendment of FASB Interpretation No. 39 (FSP 39-1). FSP 39-1 Offsetting of Amounts Related to
    Certain Contracts FSP 39-1 FSP 39-1 FSP 39-1 FSP 39-1, FSP 39-1
  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. F-26




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
   
    Noncontrolling interests (formerly known as minority
    interests) are valued at fair value at the acquisition
    date and are presented as equity rather than liabilities.
    When control is attained on previously noncontrolling interests,
    the previously held equity interests are remeasured at fair
    value and a gain or loss is recognized.
    Purchases or sales of equity interests that do not result in a
    change in control are accounted for as equity transactions.
    When control is lost in a partial disposition, realized gains or
    losses are recorded on equity ownership sold and the remaining
    ownership interest is remeasured and holding gains or losses are
    recognized.    Other
  Disclosures about Derivative Instruments and Hedging
    Activities An Amendment of FASB Statement
    No. 133
  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
  Clarification of the Application of the
    Shortcut Method
  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-27




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  2.
    Acquisition
    of MetLife Insurance Company of Connecticut by MetLife, Inc.
    from Citigroup Inc.      Business
    Combinations Goodwill and
    Other Intangible Assets
  3.
    Contribution
    of MetLife Insurance Company of Connecticut from MetLife,
    Inc.       F-28




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    AccumulatedOtherComprehensiveIncomeAdditional





Net UnrealizedCommon


Paid-in


Retained


Investment GainsStock


Capital


Earnings


(Losses)


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

$
100


$
6,684


$



$



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


(25
)(1)


25











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

$
75


$
6,709


$



$



$
6,784     (1)
    
    Represents the return of 10,000,000 shares of MetLife
    Insurance Company of Connecticuts common stock, at
    $2.50 par value, by MetLife to MetLife Insurance Company of
    Connecticut in anticipation of the transfer of MLI-USA to
    MetLife Insurance Company of Connecticut, for a total adjustment
    of $25 million. F-29




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
   4.
    Investments  Fixed
    Maturity and Equity Securities Available-for-Sale
    December 31, 2007Cost or


GrossAmortized


Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,174


$
119


$
618


$
16,675



36.5
%Residential mortgage-backed securities


11,914



98



80



11,932



26.1Foreign corporate securities


6,536



83



184



6,435



14.1U.S.Treasury/agency securities


3,976



126



11



4,091



9.0Commercial mortgage-backed securities


3,182



28



67



3,143



6.9Asset-backed securities


2,236



4



108



2,132



4.7Foreign government securities


635



55



2



688



1.5State and political subdivision securities


611



4



40



575



1.2Total fixed maturity securities

$
46,264


$
517


$
1,110


$
45,671



100.0
%Non-redeemable preferred stock

$
777


$
21


$
63


$
735



77.2
%Common stock


215



9



7



217



22.8Total equity securities

$
992


$
30


$
70


$
952



100.0
%   December 31, 2006Cost or


GrossAmortized


Unrealized


Estimated


% ofCost


Gain


Loss


Fair Value


Total(In millions)U.S. corporate securities

$
17,331


$
101


$
424


$
17,008



35.5
%Residential mortgage-backed securities


11,951



40



78



11,913



24.9Foreign corporate securities


5,563



64



128



5,499



11.5U.S.Treasury/agency securities


5,455



7



126



5,336



11.2Commercial mortgage-backed securities


3,353



19



47



3,325



6.9Asset-backed securities


3,158



14



10



3,162



6.6Foreign government securities


533



45



5



573



1.2State and political subdivision securities


1,062



6



38



1,030



2.2Total fixed maturity securities

$
48,406


$
296


$
856


$
47,846



100.0
%Non-redeemable preferred stock

$
671


$
22


$
9


$
684



86.0
%Common stock


106



6



1



111



14.0Total equity securities

$
777


$
28


$
10


$
795



100.0
%  F-30




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
          December 31,2007


2006Amortized


Estimated


Amortized


EstimatedCost


Fair Value


Cost


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

$
1,172


$
1,163


$
1,620


$
1,616Due after one year through five years


8,070



8,035



9,843



9,733Due after five years through ten years


7,950



7,858



7,331



7,226Due after ten years


11,740



11,408



11,150



10,871Subtotal


28,932



28,464



29,944



29,446Mortgage-backed and asset-backed securities


17,332



17,207



18,462



18,400Total fixed maturity securities

$
46,264


$
45,671


$
48,406


$
47,846    F-31




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Years Ended December 31,2007


2006


2005(In millions)Proceeds

$
14,826


$
23,901


$
22,241Gross investment gains

$
146


$
73


$
48Gross investment losses

$
(373
)

$
(519
)

$
(347
)   Unrealized
    Loss for Fixed Maturity and Equity Securities
    Available-for-Sale
    December 31, 2007Less than 12 months


Equal to or Greater than 12 months


TotalEstimated


Gross


Estimated


Gross


Estimated


GrossFair Value


Unrealized Loss


Fair Value


Unrealized Loss


Fair Value


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

$
6,643


$
316


$
5,010


$
302


$
11,653


$
618Residential mortgage-backed securities


2,374



52



1,160



28



3,534



80Foreign corporate securities


2,350



86



2,234



98



4,584



184U.S. Treasury/agency securities


307



2



343



9



650



11Commercial mortgage-backed securities


417



26



1,114



41



1,531



67Asset-backed securities


1,401



91



332



17



1,733



108Foreign government securities


63



1



62



1



125



2State and political subdivision securities


84



9



387



31



471



40Total fixed maturity securities

$
13,639


$
583


$
10,642


$
527


$
24,281


$
1,110Equity securities

$
386


$
42


$
190


$
28


$
576


$
70Total number of securities in an unrealized loss position


2,011







1,487   F-32




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  December 31, 2006Less than 12 months


Equal to or Greater than 12 months


TotalEstimated


Gross


Estimated


Gross


Estimated


GrossFair Value


Unrealized Loss


Fair Value


Unrealized Loss


Fair Value


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

$
4,895


$
104


$
7,543


$
320


$
12,438


$
424Residential mortgage-backed securities


4,113



20



3,381



58



7,494



78Foreign corporate securities


1,381



29



2,547



99



3,928



128U.S. Treasury/agency securities


2,995



48



1,005



78



4,000



126Commercial mortgage-backed securities


852



6



1,394



41



2,246



47Asset-backed securities


965



3



327



7



1,292



10Foreign government securities


51



1



92



4



143



5State and political subdivision securities


29



2



414



36



443



38Total fixed maturity securities

$
15,281


$
213


$
16,703


$
643


$
31,984


$
856Equity securities

$
149


$
3


$
188


$
7


$
337


$
10Total number of securities in an unrealized loss position


1,955







2,318   Aging
    of Gross Unrealized Loss for Fixed Maturity and Equity
    Securities Available-for-Sale
    December 31, 2007Cost or Amortized Cost


Gross Unrealized Loss


Number of SecuritiesLess than 20%


20% or more


Less than 20%


20% or more


Less than 20%


20% or more(In millions, except number of securities)Less than six months

$
10,721


$
484


$
368


$
130



1,923



98Six months or greater but less than nine months


3,011







155







337



Nine months or greater but less than twelve months


1,560







86







174



Twelve months or greater


10,261







441







1,375



Total

$
25,553


$
484


$
1,050


$
130  F-33




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  December 31, 2006Cost or Amortized Cost


Gross Unrealized Loss


Number of SecuritiesLess than 20%


20% or more


Less than 20%


20% or more


Less than 20%


20% or more(In millions, except number of securities)Less than six months

$
12,922


$
9


$
150


$
4



1,537



15Six months or greater but less than nine months


568







6







78



1Nine months or greater but less than twelve months


2,134



14



52



4



323



1Twelve months or greater


17,540







650







2,318



Total

$
33,164


$
23


$
858


$
8           December 31,2007


2006Sector:U.S. corporate securities


52
%


49
%Foreign corporate securities


16



15Asset-backed securities


9



1Residential mortgage-backed securities


7



9Commercial mortgage-backed securities


6



5U.S. Treasury/agency securities


1



15Other


9



6Total


100
%


100
% F-34




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  December 31,2007


2006Industry:Finance


36
%


18
%Industrial


23



26Mortgage-backed


13



14Utility


8



10Government


1



15Other


19



17Total


100
%


100
%   security-by-security
    Securities
    Lending
   F-35




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Assets
    on Deposit and Assets Pledged as Collateral
      Mortgage
    and Consumer Loans
    December 31,2007


2006Amount


Percent


Amount


Percent(In millions)Commercial mortgage loans

$
3,125



71
%

$
2,095



58
%Agricultural mortgage loans


1,265



29



1,460



41Consumer loans


22







46



1Total


4,412



100
%


3,601



100
%Less: Valuation allowances


8







6Total mortgage and consumer loans

$
4,404






$
3,595       Years Ended December 31,2007


2006


2005(In millions)Balance at January 1,

$
6


$
9


$
1Additions


7



3



8Deductions


(5
)


(6
)


Balance at December 31,

$
8


$
6


$
9  F-36




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    December 31,2007


2006(In millions)Impaired loans with valuation allowances

$
65


$
Impaired loans without valuation allowances


2



8Subtotal


67



8Less: Valuation allowances on impaired loans


4



Impaired loans

$
63


$
8         Real
    Estate Holdings
    December 31,2007


2006(In millions)Real estate

$
86


$
30Accumulated depreciation


(11
)


(1
)Net real estate


75



29Real estate joint ventures


466



144Real estate and real estate joint ventures


541



173Real estate held-for-sale






7Total real estate holdings

$
541


$
180    F-37




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      December 31,2007


2006Amount


Percent


Amount


Percent(In millions)Development joint ventures

$
287



53
%

$





%Real estate investment funds


111



21



93



52Office


88



16



46



26Apartments


35



6







Agriculture


19



4



28



15Land


1







1



Retail










12



7Total real estate holdings

$
541



100
%

$
180



100
%     Other
    Limited Partnership Interests
   F-38




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Net
    Investment Income
    Years Ended December 31,2007


2006


2005(In millions)Fixed maturity securities

$
2,803


$
2,719


$
1,377Equity securities


45



17



6Mortgage and consumer loans


263



182



113Policy loans


53



52



26Real estate and real estate joint ventures


81



29



2Other limited partnership interests


164



238



33Cash, cash equivalents and short-term investments


104



137



71Other


7



8



Total investment income


3,520



3,382



1,628Less: Investment expenses


627



543



190Net investment income

$
2,893


$
2,839


$
1,438   short-term
  Net
    Investment Gains (Losses)
    Years Ended December 31,2007


2006


2005(In millions)Fixed maturity securities

$
(272
)

$
(497
)

$
(300
)Equity securities


15



10



1Mortgage and consumer loans


(2
)


7



(9
)Real estate and real estate joint ventures


1



64



7Other limited partnership interests


(19
)


(1
)


(1
)Sales of businesses










2Derivatives


305



177



(2
)Other


(226
)


(281
)


104Net investment gains (losses)

$
(198
)

$
(521
)

$
(198
)      F-39




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Net
    Unrealized Investment Gains (Losses)
    Years Ended December 31,2007


2006


2005(In millions)Fixed maturity securities

$
(606
)

$
(566
)

$
(639
)Equity securities


(38
)


17



(4
)Derivatives


(13
)


(9
)


(2
)Other


8



7



(19
)Subtotal


(649
)


(551
)


(664
)Amounts allocated from:Insurance liability loss recognition










(78
)DAC and VOBA


93



66



102Subtotal


93



66



24Deferred income tax


195



171



224Subtotal


288



237



248Net unrealized investment gains (losses)

$
(361
)

$
(314
)

$
(416
)     Years Ended December 31,2007


2006


2005(In millions)Balance, January 1,

$
(314
)

$
(416
)

$
30Unrealized investment gains (losses) during the year


(98
)


113



(756
)Unrealized investment gains (losses) relating to:Insurance liability gain (loss) recognition






78



(78
)DAC and VOBA


27



(36
)


148Deferred income tax


24



(53
)


240Balance, December 31,

$
(361
)

$
(314
)

$
(416
)Net change in unrealized investment gains (losses)

$
(47
)

$
102


$
(446
)   Trading
    Securities
   F-40




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      Variable
    Interest Entities
    December 31, 2007MaximumTotal


Exposure toAssets(1)


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

$
1,140


$
77Real estate joint ventures(3)


942



44Other limited partnership interests(4)


3,876



418Trust preferred securities(5)


22,775



546Other investments(6)


1,600



79Total

$
30,333


$
1,164     (1)
    
    The assets of the asset-backed securitizations are reflected at
    fair value. The assets of the real estate joint ventures, other
    limited partnership interests, trust preferred securities and
    other investments are reflected at the carrying amounts at which
    such assets would have been reflected on the Companys
    consolidated balance sheet had the Company consolidated the VIE
    from the date of its initial investment in the entity.(2)
    
    The maximum exposure to loss relating to the asset-backed
    securitizations is equal to the carrying amounts of
    participation. The maximum exposure to loss relating to real
    estate joint ventures, other limited partnership interests,
    trust preferred securities and other investments is equal to the
    carrying amounts plus any unfunded commitments, reduced by
    amounts guaranteed by other partners. Such a maximum loss would
    be expected to occur only upon bankruptcy of the issuer or
    investee.(3)
    
    Real estate joint ventures include partnerships and other
    ventures which engage in the acquisition, development,
    management and disposal of real estate investments.(4)
    
    Other limited partnership interests include partnerships
    established for the purpose of investing in public and private
    debt and equity securities.(5)
    
    Trust preferred securities are complex, uniquely structured
    investments which contain features of both equity and debt, may
    have an extended or no stated maturity, and may be callable at
    the issuers option after a defined period of time.(6)
    
    Other investments include securities that are not trust
    preferred securities or asset-backed securitizations. F-41




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
   Related
    Party Investment Transactions
      Years EndedDecember 31,2007


2006


2005(In millions)Estimated fair market value of assets transferred to affiliates

$
628


$
164


$
79Amortized cost of assets transferred to affiliates

$
629


$
164


$
78Net investment gains (losses) recognized on transfers

$
(1
)

$



$
1Estimated fair market value of assets transferred from affiliates

$
836


$
89


$
830   5.
    Derivative
    Financial Instruments  Types
    of Derivative Financial Instruments
    December 31, 2007


December 31, 2006Current Market





Current MarketNotional


or Fair Value


Notional


or Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Interest rate swaps

$
12,437


$
336


$
144


$
8,841


$
431


$
70Interest rate floors


12,071



159







9,021



71



Interest rate caps


10,715



7







6,715



6



Financial futures


721



2



5



602



6



1Foreign currency swaps


3,716



788



97



2,723



580



66Foreign currency forwards


167



2







124



1



Options






85



1







80



7Financial forwards


1,108



20







900







15Credit default swaps


1,013



5



3



1,231



1



5Total

$
41,948


$
1,404


$
250


$
30,157


$
1,176


$
164    F-42




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Remaining LifeAfter One Year


After Five YearsOne Year or Less


Through Five Years


Through Ten Years


After Ten Years


Total(In millions)Interest rate swaps

$
4,723


$
4,963


$
1,352


$
1,399


$
12,437Interest rate floors






2,551



9,520







12,071Interest rate caps


8,702



2,013











10,715Financial futures


634











87



721Foreign currency swaps


20



2,593



836



267



3,716Foreign currency forwards


165











2



167Financial forwards














1,108



1,108Credit default swaps


205



519



289







1,013Total

$
14,449


$
12,639


$
11,997


$
2,863


$
41,948            F-43




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
                     F-44




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Hedging
    December 31, 2007


December 31, 2006Notional


Fair Value


Notional


Fair ValueAmount


Assets


Liabilities


Amount


Assets


Liabilities(In millions)Fair value

$
651


$
20


$
3


$
69


$



$
1Cash flow


486



85



3



455



42



Non-qualifying


40,811



1,299



244



29,633



1,134



163Total

$
41,948


$
1,404


$
250


$
30,157


$
1,176


$
164     Years Ended December 31,2007


2006


2005(In millions)Qualifying hedges:Interest credited to policyholder account balances

$
(6
)

$
(9
)

$
(1
)Non-qualifying hedges:Net investment gains (losses)


82



73



(8
)Total

$
76


$
64


$
(9
)   Fair
    Value Hedges
      Years Ended December 31,2007


2006


2005(In millions)Changes in the fair value of derivatives

$
18


$
(1
)

$
Changes in the fair value of the items hedged


(20
)


2



Net ineffectiveness of fair value hedging activities

$
(2
)

$
1


$
    F-45




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Cash
    Flow Hedges
        Years Ended December 31,2007


2006


2005(In millions)Other comprehensive income (loss) balance at January 1,

$
(9
)

$
(2
)

$
(4
)Gains (losses) deferred in other comprehensive income (loss) on
    the effective portion of cash flow hedges


39



41



1Amounts reclassified to net investment gains (losses)


(43
)


(48
)


1Other comprehensive income (loss) balance at December 31,

$
(13
)

$
(9
)

$
(2
)     Non-qualifying
    Derivatives and Derivatives for Purposes Other Than
    Hedging
      Years Ended December 31,2007


2006


2005(In millions)Net investment gains (losses), excluding embedded derivatives

$
112


$
16


$
(37
)  F-46




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Embedded
    Derivatives
      December 31,2007


2006(In millions)Embedded derivative assets

$
125


$
17Embedded derivative liabilities

$



$
3     Years Ended December 31,2007


2006


2005(In millions)Net investment gains (losses)

$
116


$
85


$
41   Credit
    Risk
         F-47




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  6.
    Deferred
    Policy Acquisition Costs and Value of Business
    Acquired   DAC


VOBA


Total(In millions)Balance at January 1, 2005

$
678


$



$
678Contribution of MetLife Insurance Company of Connecticut from
    MetLife (Note 2)






3,490



3,490Capitalizations


886







886Subtotal


1,564



3,490



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






(26
)


(26
)Unrealized investment gains (losses)


(41
)


(107
)


(148
)Other expenses


109



205



314Total amortization


68



72



140Balance at December 31, 2005


1,496



3,418



4,914Capitalizations


721







721Subtotal


2,217



3,418



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


(16
)


(68
)


(84
)Unrealized investment gains (losses)


(10
)


46



36Other expenses


252



320



572Total amortization


226



298



524Balance at December 31, 2006


1,991



3,120



5,111Effect 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
)


28Unrealized investment gains (losses)


(18
)


(9
)


(27
)Other expenses


388



324



712Total amortization


414



299



713Balance at December 31, 2007

$
2,252


$
2,696


$
4,948      F-48




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  7.
    Goodwill    December 31,2007


2006


2005(In millions)Balance at January 1,

$
953


$
924


$
68Contribution from MetLife (Note 2)






29



856Balance at December 31,

$
953


$
953


$
924   8.
    Insurance  Insurance
    Liabilities
    December 31,Future Policy Benefits


Policyholder Account Balances


Other Policyholder Funds2007


2006


2007


2006


2007


2006(In millions)IndividualTraditional life

$
921


$
871


$



$



$
50


$
37Universal variable life


575



527



4,995



4,522



1,496



1,314Annuities


944



1,015



15,058



16,106



36



5Other










47



32







InstitutionalGroup life


220



234



763



765



5



6Retirement & savings


12,040



12,325



12,836



13,731







Non-medical health & other


303



328











2



2Corporate & Other (1)


4,573



4,354



172



(57
)


188



149Total

$
19,576


$
19,654


$
33,871


$
35,099


$
1,777


$
1,513      F-49




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Value
    of Distribution Agreements and Customer Relationships
    Acquired
    Years Ended December 31,2007


2006


2005(In millions)Balance at January 1,

$
237


$
72


$
Contribution from MetLife










73Contribution of VODA from MetLife






167



Amortization


(5
)


(2
)


(1
)Balance at December 31,

$
232


$
237


$
72           Sales
    Inducements
    Years Ended December 31,2007


2006


2005(In millions)Balance at January 1,

$
330


$
218


$
143Capitalization


124



129



83Amortization


(51
)


(17
)


(8
)Balance at December 31,

$
403


$
330


$
218   Separate
    Accounts
     F-50




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      Obligations
    Under Guaranteed Interest Contract Program
    Obligations
    Under Funding Agreements
   F-51




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Liabilities
    for Unpaid Claims and Claim Expenses
    Years Ended December 31,2007


2006


2005(In millions)Balance at January 1,

$
551


$
512


$
Less: Reinsurance recoverables


(403
)


(373
)


Net balance at January 1,


148



139



Contribution of MetLife Insurance Company of Connecticut by
    MetLife (Note 3)










137Incurred related to:Current year


32



29



19Prior years


(5
)


4



(3
)27



33



16Paid related to:Current year


(2
)


(2
)


(1
)Prior years


(24
)


(22
)


(13
)(26
)


(24
)


(14
)Net balance at December 31,


149



148



139Add: Reinsurance recoverables


463



403



373Balance at December 31,

$
612


$
551


$
512     Guarantees
     F-52




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    December 31,2007


2006In the


At


In the


AtEvent of Death


Annuitization


Event of Death


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

$
11,337



N/A


$
8,213



N/ANet amount at risk(2)

$
33
(3)


N/A


$

(3)


N/AAverage attained age of contractholders


62 years



N/A



61 years



N/AAnniversary Contract Value or Minimum ReturnSeparate account value

$
41,515


$
16,143


$
44,036


$
13,179Net amount at risk(2)

$
1,692
(3)

$
245
(4)

$
1,422
(3)

$
30
(4)Average attained age of contractholders


56 years



61 years



58 years



60 years   December 31,2007


2006Secondary


SecondaryGuarantees


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

$
2,797


$
3,262Net amount at risk(2)

$
38,621
(3)

$
48,630
(3)Average attained age of policyholders


57 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-53




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
     Universal andVariable LifeAnnuity Contracts


ContractsGuaranteed


GuaranteedDeath


Annuitization


SecondaryBenefits


Benefits


Guarantees


Total(In millions)Balance at January 1, 2005

$



$



$



$
Incurred guaranteed benefits


3







9



12Paid guaranteed benefits














Balance at December 31, 2005


3







9



12Incurred guaranteed benefits










22



22Paid guaranteed benefits


(3
)










(3
)Balance at December 31, 2006










31



31Incurred guaranteed benefits


6



28



34



68Paid guaranteed benefits


(4
)










(4
)Balance at December 31, 2007

$
2


$
28


$
65


$
95       December 31,2007


2006(In millions)Mutual Fund GroupingsEquity

$
40,608


$
37,992Bond


2,307



2,831Balanced


4,422



2,790Money Market


1,265



949Specialty


395



460Total

$
48,997


$
45,022   9.
    Reinsurance   F-54




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
                Years Ended December 31,2007


2006


2005(In millions)Direct premiums

$
654


$
599


$
413Reinsurance assumed


17



21



38Reinsurance ceded


(318
)


(312
)


(170
)Net premiums

$
353


$
308


$
281Reinsurance recoverables netted against policyholder benefits
    and claims

$
671


$
635


$
560      F-55




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      Years Ended December 31,2007


2006


2005(In millions)Assumed premiums

$
17


$
21


$
38Assumed fees, included in universal life and investment-type
    product policy fees

$
119


$
65


$
194Assumed fees, included in net investment gains (losses)

$



$



$
6Assumed benefits, included in policyholder benefits and claims

$
18


$
11


$
32Assumed benefits, included in interest credited to policyholder
    account balances

$
53


$
49


$
42Assumed acquisition costs, included in other expenses

$
39


$
58


$
111Ceded premiums

$
32


$
21


$
12Ceded fees, included in universal life and investment-type
    product policy fees

$
216


$
130


$
93Interest earned on ceded reinsurance, included in other revenues

$
85


$
68


$
55Ceded benefits, included in policyholder benefits and claims

$
95


$
86


$
92Interest costs on ceded reinsurance, included in other expenses

$
33


$
77


$
182          F-56




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
        10.
    Long-term
    Debt  Affiliated    December 31,2007


2006(In millions)Surplus notes, interest rate 7.349%, due 2035

$
400


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


200



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


25



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


10



10Total long-term debt  affiliated

$
635


$
435              F-57




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  11.
    Income
    Taxes    Years Ended December 31,2007


2006


2005(In millions)Current:Federal

$
(10
)

$
18


$
(3
)State and local


4







(2
)Foreign


1







Subtotal


(5
)


18



(5
)Deferred:Federal

$
306


$
212


$
162State and local






(2
)


(1
)Foreign


(19
)






Subtotal


287



210



161Provision for income tax

$
282


$
228


$
156     Years Ended December 31,2007


2006


2005(In millions)Tax provision at U.S. statutory rate

$
342


$
288


$
191Tax effect of:Tax-exempt investment income


(65
)


(62
)


(27
)Prior year tax


9



(9
)


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


(5
)


12



State tax, net of federal benefit


3







2Other, net


(2
)


(1
)


(1
)Provision for income tax

$
282


$
228


$
156  F-58




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    December 31,2007


2006(In millions)Deferred income tax assets:Benefit, reinsurance and other reserves

$
1,929


$
2,238Net unrealized investment losses


195



171Capital loss carryforwards


150



155Investments


54



63Net operating loss carryforwards


42



10Tax credits


20



Operating lease reserves


13



13Employee benefits






3Litigation-related






1Other


15



202,418



2,674Less: Valuation allowance






42,418



2,670Deferred income tax liabilities:DAC and VOBA


(1,570
)


(1,663
)(1,570
)


(1,663
)Net deferred income tax asset

$
848


$
1,007          F-59




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
        Total UnrecognizedTax Benefits(In millions)Balance at January 1, 2007 (date of adoption)

$
64Reductions for tax positions of prior years


(2
)Additions for tax positions of current year


5Reductions for tax positions of current year


(8
)Settlements with tax authorities


(6
)Balance at December 31, 2007

$
53     2007-61, 2007-61
   F-60




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  12. Contingencies,
    Commitments and Guarantees
  Contingencies
  Litigation
  and/or
           F-61




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  and/or
  Insolvency
    Assessments
    December 31,2007


2006(In millions)Other Assets:Premium tax offset for future undiscounted assessments

$
8


$
9Premium tax offsets currently available for paid assessments


1



1$
9


$
10Liability:Insolvency assessments

$
17


$
19     Commitments
  Leases
    GrossRental


RentalIncome


Payments(In millions)2008

$
3


$
152009

$
3


$
82010

$
3


$
62011

$
3


$
62012

$
3


$
Thereafter

$
80


$
  F-62




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Commitments
    to Fund Partnership Investments
    Mortgage
    Loan Commitments
    Commitments
    to Fund Bank Credit Facilities and Private Corporate Bond
    Investments
    Other
    Commitments
    Guarantees
       F-63




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      13.
    Employee
    Benefit Plans    14.
    Equity  Common
    Stock
    Capital
    Contributions
      Statutory
    Equity and Income
   F-64




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
              Dividend
    Restrictions
   F-65




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
      Other
    Comprehensive Income (Loss)
    Years Ended December 31,2007


2006


2005(In millions)Holding gains (losses) on investments arising during the year

$
(358
)

$
(434
)

$
(1,148
)Income tax effect of holding gains (losses)


122



147



402Reclassification adjustments:Recognized holding (gains) losses included in current year income


260



487



295Amortization of premiums and accretion of discounts associated
    with investments






60



96Income tax effect


(88
)


(186
)


(137
)Allocation of holding gains on investments relating to other
    policyholder amounts


27



42



71Income tax effect of allocation of holding gains to other
    policyholder amounts


(10
)


(14
)


(25
)Net unrealized investment gains (losses)


(47
)


102



(446
)Foreign currency translation adjustment


26



(2
)


2Other comprehensive income (loss)

$
(21
)

$
100


$
(444
)  F-66




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  15.
    Other
    Expenses    Years Ended December 31,2007


2006


2005(In millions)Compensation

$
125


$
134


$
106Commissions


633



712



931Interest and debt issue costs


35



31



25Amortization of DAC and VOBA


740



488



288Capitalization of DAC


(682
)


(721
)


(886
)Rent, net of sublease income


5



11



7Minority interest






26



1Insurance tax


44



42



10Other


555



450



196Total other expenses

$
1,455


$
1,173


$
678     16.
    Business
    Segment Information    start-up
      F-67




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  For the Year Ended







Corporate &December 31, 2007

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
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



(314
)






(198
)Policyholder benefits and claims


479



466



33



978Interest credited to policyholder account balances


661



643







1,304Other expenses


1,329



50



76



1,455Income from continuing operations before provision for income tax


639



124



210



973Provision for income tax


227



41



14



282Income from continuing operations


412



83



196



691Income from discontinued operations, net of income tax






4







4Net income

$
412


$
87


$
196


$
695Balance Sheet:Total assets

$
82,214


$
35,173


$
11,195


$
128,582DAC and VOBA

$
4,930


$
16


$
2


$
4,948Goodwill

$
234


$
312


$
407


$
953Separate account assets

$
51,398


$
2,469


$



$
53,867Policyholder liabilities

$
24,122


$
26,169


$
4,933


$
55,224Separate account liabilities

$
51,398


$
2,469


$



$
53,867   F-68




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  For the Year Ended







Corporate &December 31, 2006

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
218


$
65


$
25


$
308Universal life and investment- type product policy fees


1,244



24







1,268Net investment income


985



1,449



405



2,839Other revenues


195



15



2



212Net investment gains (losses)


(194
)


(282
)


(45
)


(521
)Policyholder benefits and claims


315



450



27



792Interest credited to policyholder account balances


669



647







1,316Other expenses


1,045



16



112



1,173Income from continuing operations before provision for income tax


419



158



248



825Provision for income tax


145



55



28



228Net income

$
274


$
103


$
220


$
597Balance Sheet:Total assets

$
76,897


$
35,982


$
11,208


$
124,087DAC and VOBA

$
4,946


$
165


$



$
5,111Goodwill

$
234


$
312


$
407


$
953Separate account assets

$
47,566


$
2,501


$



$
50,067Policyholder liabilities

$
24,429


$
27,391


$
4,446


$
56,266Separate account liabilities

$
47,566


$
2,501


$



$
50,067   For the Year Ended







Corporate &December 31, 2005(1)

Individual


Institutional


Other


Total(In millions)Statement of Income:Premiums

$
152


$
116


$
13


$
281Universal life and investment-type product policy fees


845



17







862Net investment income


530



712



196



1,438Other revenues


121



10



1



132Net investment gains (losses)


(113
)


(87
)


2



(198
)Policyholder benefits and claims


224



324



22



570Interest credited to policyholder account balances


417



303







720Other expenses


640



30



8



678Income from continuing operations before provision for income tax


254



111



182



547Provision for income tax


53



38



65



156Net income

$
201


$
73


$
117


$
391     (1)
    
    Includes six months of results for MetLife Insurance Company of
    Connecticut and its subsidiaries and twelve months of results
    for MLI-USA. F-69




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
       17.
    Discontinued
    Operations        18.
    Fair
    Value Information   F-70




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    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


$
637Mortgage loan commitments

$
626


$



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

$
488


$



$
(31
)Liabilities:Policyholder account balances





$
28,112


$
27,707Long-term debt  affiliated





$
635


$
609Payables for collateral under securities loaned and other
    transactions





$
10,471


$
10,471   Notional


Carrying


EstimatedDecember 31, 2006

Amount


Value


Fair Value(In millions)Assets:Fixed maturity securities





$
47,846


$
47,846Equity securities





$
795


$
795Mortgage and consumer loans





$
3,595


$
3,547Policy loans





$
918


$
918Short-term investments





$
777


$
777Cash and cash equivalents





$
649


$
649Accrued investment income





$
597


$
597Mortgage loan commitments

$
665


$



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

$
173


$



$
Liabilities:Policyholder account balances





$
29,780


$
28,028Long-term debt  affiliated





$
435


$
425Payables for collateral under securities loaned and other
    transactions





$
9,155


$
9,155  F-71




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
    Fixed
    Maturity Securities and Equity Securities
    Mortgage
    and Consumer Loans, Mortgage Loan Commitments, 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
    Long-term
    Debt  Affiliated
   F-72




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut
   Notes to Consolidated Financial
    Statements  (Continued)
  Payables
    for Collateral Under Securities Loaned and Other
    Transactions
    Derivative
    Financial Instruments
    19.
    Related
    Party Transactions  Service
    Agreements
             F-73




---



##### 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, 2007
    (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

$
3,976


$
4,091


$
4,091State and political subdivision securities


611



575



575Foreign government securities


635



688



688Public utilities


2,546



2,500



2,500All other corporate bonds


19,661



19,242



19,242Mortgage-backed and asset-backed securities


17,332



17,207



17,207Redeemable preferred stock


1,503



1,368



1,368Total fixed maturity securities


46,264



45,671



45,671Equity Securities:Common stock:Banks, trust and insurance companies


1



1



1Industrial, miscellaneous and all other


214



216



216Non-redeemable preferred stock


777



735



735Total equity securities


992



952



952Mortgage and consumer loans


4,404







4,404Policy loans


913







913Real estate and real estate joint ventures


541







541Other limited partnership interests


1,130







1,130Short-term investments


1,335







1,335Other invested assets


1,445







1,445Total investments

$
57,024






$
56,391     (1)
    
    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-74




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned
    Subsidiary of MetLife, Inc.)
  Schedule III  Consolidated
    Supplementary Insurance Information
    December 31, 2007, 2006 and 2005
    (In millions)
  DAC


Future Policy


Policyholderand


Benefits and Other


Account


UnearnedSegment

VOBA


Policyholder Funds


Balances


Revenue (1)2007Individual

$
4,930


$
4,022


$
20,100


$
342Institutional


16



12,570



13,599



Corporate & Other


2



4,761



172



1$
4,948


$
21,353


$
33,871


$
3432006Individual

$
4,946


$
3,769


$
20,660


$
260Institutional


165



12,895



14,496



3Corporate & Other






4,503



(57
)


$
5,111


$
21,167


$
35,099


$
2632005Individual

$
4,753


$
3,452


$
21,403


$
141Institutional


161



11,880



16,460



1Corporate & Other






4,305



(23
)


$
4,914


$
19,637


$
37,840


$
142     (1)
    
    Amounts are included within the future policy benefits and other
    policyholder funds column. F-75




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned
    Subsidiary of MetLife, Inc.)
  Schedule III 
    (Continued)
  Consolidated
    Supplementary Insurance Information
    December 31, 2007, 2006 and 2005
    (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)2007Individual

$
1,665


$
1,090


$
1,140


$
717


$
612


$
Institutional


73



1,510



1,109



23



27



7Corporate & Other


26



293



33







76



25$
1,764


$
2,893


$
2,282


$
740


$
715


$
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


$
342005 (2)Individual

$
997


$
530


$
641


$
287


$
353


$
Institutional


133



712



627



1



29



9Corporate & Other


13



196



22







8



13$
1,143


$
1,438


$
1,290


$
288


$
390


$
22     (1)
    
    Includes other expenses excluding amortization of DAC and VOBA
    charged to other expenses.(2)
    
    Includes six months of results for MetLife Insurance Company of
    Connecticut and twelve months of results for MLI-USA. F-76




---



##### Table of Contents



MetLife
    Insurance Company of Connecticut (A
    Wholly-Owned
    Subsidiary of MetLife, Inc.)
  Schedule IV  Consolidated
    Reinsurance
    December 31, 2007, 2006 and 2005
  (In
    millions)
  % 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
%   % AmountAssumedGross Amount


Ceded


Assumed


Net Amount


to Net2005(1)Life insurance in-force

$
126,362


$
93,686


$
16,921


$
49,597



34.1
%Insurance premiumLife insurance

$
269


$
45


$
38


$
262



14.5
%Accident and health


144



125







19




%Total insurance premium

$
413


$
170


$
38


$
281



13.5
%       (1)
    
    Includes six months of results for MetLife Insurance Company of
    Connecticut and twelve months of results for MLI-USA. F-77




---



##### Table of Contents



Item 9.
    Changes
    in and Disagreements With Accountants on Accounting and
    Financial Disclosure    Item 9A(T).
    Controls
    and Procedures  Rules 13a-15(e) 15d-15(e)
  Rule 13a-15(f)
  Managements
    Annual Report on Internal Control Over Financial
    Reporting
    Internal
    Control  Integrated Framework
    Form 10-K
  Form 10-K page F-1.
  Item 9B.
    Other
    Information   51




---



##### 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 2007 and 2006
  2007


2006(In millions)Audit Fees(1)

$
6.36


$
8.94Audit-Related Fees(2)

$



$
Tax Fees(3)

$



$
All Other Fees(4)

$



$
     (1)
    
    Fees for services to perform an audit or review in accordance
    with auditing standards of the Public Company Accounting
    Oversight Board and services that generally only the
    Companys independent auditor can reasonably provide, such
    as comfort letters, statutory audits, attest services, consents
    and assistance with and review of documents filed with the SEC.(2)
    
    Fees for assurance and related services that are traditionally
    performed by the Companys independent auditor, such as
    audit and related services for due diligence related to mergers
    and acquisitions, accounting consultations and audits in
    connection with proposed or consummated acquisitions, 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
   52




---



##### Table of Contents



53




---



##### Table of Contents



Part IV  Item 15.
    Exhibits
    and Financial Statement Schedules              page E-1.
 54




---



##### Table of Contents



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

Title

Date/s/  William
    J. MullaneyWilliam
    J. Mullaney

Director

March 26, 2008/s/  Lisa
    M. WeberLisa
    M. Weber

Director

March 26, 2008/s/  Michael
    K. FarrellMichael
    K. Farrell

President and Director
    (Principal Executive Officer)

March 26, 2008/s/  Stanley
    J. TalbiStanley
    J. Talbi

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

March 26, 2008/s/  Joseph
    J. Prochaska, Jr.Joseph
    J. Prochaska, Jr.

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

March 26, 2008   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:
   55




---



##### Table of Contents



Exhibit Index  Exhibit No.

Description2
.1

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

Charter of The Travelers Insurance Company (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)10
.1

Transfer Agreement by and between MetLife Insurance Company of
    Connecticut and MetLife Investors Group, Inc. dated as of
    October 11, 2006 (Incorporated by reference to
    Exhibit 10.1 to MetLife Insurance Company of
    Connecticuts Quarterly Report on
    Form 10-Q
    for the quarter ended September 30, 2006)31
.1

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

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

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

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