New York Life Global Funding - Irish Stock Exchange

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For the years ended December 31, 2011 and 2010, realized capital gains and losses on sales computed under the specific identification method and OTTI were as follows (in millions): 2011 2010 Gains Losses Gains Losses Bonds $ 331 $ 207 $ 401 $ 161 Mortgage loans - 4 1 37 Unaffiliated common and preferred stock 45 45 16 6 Real estate 1 - - - Other invested assets 11 137 5 143 Derivatives 351 342 292 418 Other investments - 94 6 54 $ 739 $ 829 $ 721 $ 819 Net realized capital (losses) before tax and transfers to the IMR $ (90) $ (98) Less: Capital gains tax benefit 16 6 Net realized capital losses (gains) after-tax transferred to the IMR (172) (147) Net realized capital (losses) after-tax and transfers to the IMR $ (246) $ (239) The following table provides a summary of other-than-temporary impairment (losses) included as realized capital losses (in millions): 2011 2010 Bonds $ (174) $ (127) Limited partnerships and other investments (136) (148) Unaffiliated common and preferred stocks (5) - Mortgage loans (4) (3) Total $ (319) $ (278) 38
Proceeds from investments in bonds sold were $11,641 million and $19,091 million for the years ended December 31, 2011 and 2010, respectively. The Company had the following loan-backed and structured securities which were other-than-temporarily impaired where the Company intended to sell, or did not have the intent and ability to hold until recovery (in millions): Amortized Cost OTTI Recognized in Basis Before OTTI Interest Non-interest Fair Value OTTI recognized 1st Quarter Intent to sell $ - $ - $ - $ - Inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis - - - - Total 1st Quarter - - - - OTTI recognized 2nd Quarter Intent to sell - * - - * - * Inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis - - - - Total 2nd Quarter - * - - * - * OTTI recognized 3rd Quarter Intent to sell - * - - * - * Inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis - - - - Total 3rd Quarter - * - - * - * OTTI recognized 4th Quarter Intent to sell 19 - 8 12 Inability or lack of intent to retain the investment in the security for a period of time sufficient to recover the amortized cost basis - - - - Total 4th Quarter 19 - 8 12 Annual Aggregate Total $ 20 $ - $ 8 $ 12 Aggregate unrealized losses are less than $1 million. * See Appendix for a list with each loan-backed and structured security at a CUSIP level where the present value of cash flows expected to be collected is less than the amortized cost basis at each of the financial statement reporting dates. 39
Page 1 and 2: New York Life Global Funding $11,00
Page 3 and 4: NEW YORK LIFE INSURANCE COMPANY FIN
Page 5 and 6: NEW YORK LIFE INSURANCE COMPANY STA
Page 11 and 12: A reconciliation of the Company’s
Page 13 and 14: Structured Securities”. The revis
Page 15 and 16: • life insurance companies are re
Page 17 and 18: The following table reconciles the
Page 19 and 20: are adjusted to reflect historical
Page 21 and 22: Real estate held for the production
Page 23 and 24: Dividends to Policyholders The liab
Page 25 and 26: Benefit Plans The Company maintains
Page 27 and 28: During periods of low or declining
Page 29 and 30: 2011 2010 Estimated Estimated Carry
Page 31 and 32: Common and Preferred Stocks The car
Page 33 and 34: The Company maintains a watchlist o
Page 35 and 36: The related allowance for credit lo
Page 37: issued to the Federal Home Loan Ban
Page 41 and 42: 2010 Less than 12 months Greater th
Page 43 and 44: NOTE 5 - DERIVATIVE FINANCIAL INSTR
Page 45 and 46: Income Generation The Company seeks
Page 47 and 48: December 31, 2010 Derivative type P
Page 49 and 50: Net Investment Hedges The following
Page 51 and 52: Loan Agreement, when aggregated wit
Page 53 and 54: agreements. At December 31, 2011 an
Page 55 and 56: Life Reserves Reserves for life ins
Page 57 and 58: of NY was $5,033 million of which $
Page 59 and 60: Fair value separate accounts fundin
Page 61 and 62: The following is a reconciliation o
Page 63 and 64: The tax effects of temporary differ
Page 65 and 66: As discussed in Note 2 - Significan
Page 67 and 68: at an adjusted treasury rate plus 2
Page 69 and 70: The assets of the Pension Plan and
Page 71 and 72: The tables below are for financial
Page 73 and 74: Weighted-average assumptions used t
Page 75 and 76: eimbursements under the ERRP for ce
Page 77 and 78: The fair values of the Pension Plan
Page 79 and 80: The fair values of other postretire
Page 81 and 82: All participants who complete an ho
Page 83 and 84: participants age 50 and over to mak
Page 85 and 86: Guarantees At December 31, 2011 the
Page 87 and 88: Nature and circumstances of guarant
Page 89 and 90:
At December 31, 2011, the lease agr
Page 91 and 92:
The following tables present the te
Page 93 and 94:
The following table presents the ch
Page 95 and 96:
NOTE 16 - WRITTEN PREMIUMS Deferred
Page 97 and 98:
Mortgage loans The estimated fair v
Page 99 and 100:
The levels of the fair value hierar
Page 101 and 102:
The following table represents the
Page 103 and 104:
Transfers between Levels 1 and 2 Du
Page 105 and 106:
and on-going review of third-party
Page 107 and 108:
APPENDIX 107
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IMPAIRMENTS TAKEN ON CURRENT HOLDIN
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New York Life Global Funding - Irish Stock Exchange

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