MetLife, Inc. Notes to the Consolidated Financial Statements — (Continued) Net Investment Gains (Losses) Components of Net Investment Gains (Losses) The components of net investment gains (losses) were as follows: Years Ended December 31, 2012 2011 2010 (In millions) Total gains (losses) on fixed maturity securities: Total OTTI losses recognized — by sector and industry: U.S. and foreign corporate securities — by industry: Utility ........................................................................................ $ (61) $ (10) $ (3) Finance ...................................................................................... (32) (56) (126) Consumer .................................................................................... (19) (50) (36) Communications ............................................................................... (19) (41) (16) Transportation ................................................................................. (17) — — Technology ................................................................................... (6) (1) — Industrial ...................................................................................... (5) (11) (2) Total U.S. and foreign corporate securities ......................................................... (159) (169) (183) RMBS ......................................................................................... (97) (214) (117) CMBS ......................................................................................... (51) (32) (86) ABS ........................................................................................... (9) (54) (84) State and political subdivision ....................................................................... (1) — — Foreign government ............................................................................... — (486) — OTTI losses on fixed maturity securities recognized in earnings ............................................... (317) (955) (470) Fixed maturity securities — net gains (losses) on sales and disposals .......................................... 253 25 215 Total gains (losses) on fixed maturity securities (1) ........................................................ (64) (930) (255) Total gains (losses) on equity securities: Total OTTI losses recognized — by sector: Common ....................................................................................... (34) (22) (7) Non-redeemable preferred ......................................................................... — (38) (7) OTTI losses on equity securities recognized in earnings ..................................................... (34) (60) (14) Equity securities — net gains (losses) on sales and disposals ................................................ 38 37 118 Total gains (losses) on equity securities ................................................................ 4 (23) 104 FVO and trading securities — FVO general account securities — changes in estimated fair value subsequent to consolidation .................................................................................... 17 (2) — Mortgage loans (1) .................................................................................. 57 175 22 Real estate and real estate joint ventures ................................................................ (36) 134 (54) Other limited partnership interests ...................................................................... (36) 4 (18) Other investment portfolio gains (losses) ................................................................. (151) (7) (6) Subtotal — investment portfolio gains (losses) (1) ...................................................... (209) (649) (207) FVO CSEs — changes in estimated fair value subsequent to consolidation: Commercial mortgage loans .......................................................................... 7 (84) 758 Securities ......................................................................................... — — (78) Long-term debt — related to commercial mortgage loans ................................................... 25 97 (722) Long-term debt — related to securities .................................................................. (7) (8) 48 Non-investment portfolio gains (losses) (2) ................................................................. (168) (223) (207) Subtotal FVO CSEs and non-investment portfolio gains (losses) ......................................... (143) (218) (201) Total net investment gains (losses) ............................................................. $(352) $(867) $(408) (1) Investment portfolio gains (losses) for the years ended December 31, 2012 and 2011 includes a net gain (loss) of $37 million and ($153) million, respectively, as a result of the MetLife Bank Divestiture, which is comprised of gains (losses) on investments sold of $78 million and $1 million, and impairments of ($41) million and ($154) million, respectively. See Note 3. (2) Non-investment portfolio gains (losses) for the year ended December 31, 2012 includes a gain of $33 million related to certain dispositions as more fully described in Note 3. Non-investment portfolio gains (losses) for the year ended December 31, 2011 includes a loss of $106 million related to certain dispositions and a goodwill impairment loss of $65 million. See Notes 3 and 11. Non-investment portfolio gains (losses) for the year ended December 31, 2010 includes a loss of $209 million related to a disposition. See Note 3. 129 MetLife, Inc.