| |
Less than 12 months | 12 months or longer | Total | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
(at December 31, 2013, in millions) |
Fair Value |
Gross Unrealized Losses |
Fair Value |
Gross Unrealized Losses |
Fair Value |
Gross Unrealized Losses |
|||||||||||||
|
Fixed maturities |
|||||||||||||||||||
|
U.S. Treasury securities and obligations of U.S. government and government agencies and authorities |
$ | 433 | $ | 12 | $ | — | $ | — | $ | 433 | $ | 12 | |||||||
|
Obligations of states, municipalities and political subdivisions |
4,785 | 298 | 432 | 64 | 5,217 | 362 | |||||||||||||
|
Debt securities issued by foreign governments |
907 | 8 | 1 | — | 908 | 8 | |||||||||||||
|
Mortgage-backed securities, collateralized mortgage obligations and pass-through securities |
542 | 17 | 21 | 1 | 563 | 18 | |||||||||||||
|
All other corporate bonds |
6,887 | 253 | 421 | 46 | 7,308 | 299 | |||||||||||||
|
Redeemable preferred stock |
82 | 1 | — | — | 82 | 1 | |||||||||||||
|
Total fixed maturities |
13,636 | 589 | 875 | 111 | 14,511 | 700 | |||||||||||||
|
Equity securities |
|||||||||||||||||||
|
Common stock |
53 | 1 | — | — | 53 | 1 | |||||||||||||
|
Non-redeemable preferred stock |
147 | 2 | — | — | 147 | 2 | |||||||||||||
|
Total equity securities |
200 | 3 | — | — | 200 | 3 | |||||||||||||
|
Total |
$ | 13,836 | $ | 592 | $ | 875 | $ | 111 | $ | 14,711 | $ | 703 | |||||||
| |
Less than 12 months | 12 months or longer | Total | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
(at December 31, 2012, in millions) |
Fair Value |
Gross Unrealized Losses |
Fair Value |
Gross Unrealized Losses |
Fair Value |
Gross Unrealized Losses |
|||||||||||||
|
Fixed maturities |
|||||||||||||||||||
|
U.S. Treasury securities and obligations of U.S. government and government agencies and authorities |
$ | 589 | $ | 1 | $ | — | $ | — | $ | 589 | $ | 1 | |||||||
|
Obligations of states, municipalities and political subdivisions |
611 | 9 | 45 | 2 | 656 | 11 | |||||||||||||
|
Debt securities issued by foreign governments |
186 | — | 2 | — | 188 | — | |||||||||||||
|
Mortgage-backed securities, collateralized mortgage obligations and pass-through securities |
70 | — | 36 | 2 | 106 | 2 | |||||||||||||
|
All other corporate bonds |
1,097 | 13 | 89 | 7 | 1,186 | 20 | |||||||||||||
|
Total fixed maturities |
2,553 | 23 | 172 | 11 | 2,725 | 34 | |||||||||||||
|
Equity securities |
|||||||||||||||||||
|
Common stock |
40 | 4 | — | — | 40 | 4 | |||||||||||||
|
Non-redeemable preferred stock |
13 | — | — | — | 13 | — | |||||||||||||
|
Total equity securities |
53 | 4 | — | — | 53 | 4 | |||||||||||||
|
Total |
$ | 2,606 | $ | 27 | $ | 172 | $ | 11 | $ | 2,778 | $ | 38 | |||||||