| |
|
Gross Unrealized | |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
Amortized Cost |
Fair Value |
|||||||||||
|
(at December 31, 2013, in millions) |
Gains | Losses | |||||||||||
|
U.S. Treasury securities and obligations of U.S. government and government agencies and authorities |
$ | 2,288 | $ | 39 | $ | 12 | $ | 2,315 | |||||
|
Obligations of states, municipalities and political subdivisions: |
|||||||||||||
|
Pre-refunded |
9,074 | 445 | 1 | 9,518 | |||||||||
|
All other |
25,414 | 991 | 361 | 26,044 | |||||||||
|
Total obligations of states, municipalities and political subdivisions |
34,488 | 1,436 | 362 | 35,562 | |||||||||
|
Debt securities issued by foreign governments |
2,552 | 33 | 8 | 2,577 | |||||||||
|
Mortgage-backed securities, collateralized mortgage obligations and pass-through securities |
2,263 | 179 | 18 | 2,424 | |||||||||
|
All other corporate bonds |
20,472 | 767 | 299 | 20,940 | |||||||||
|
Redeemable preferred stock |
133 | 6 | 1 | 138 | |||||||||
|
Total |
$ | 62,196 | $ | 2,460 | $ | 700 | $ | 63,956 | |||||
| |
|
Gross Unrealized | |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
Amortized Cost |
Fair Value |
|||||||||||
|
(at December 31, 2012, in millions) |
Gains | Losses | |||||||||||
|
U.S. Treasury securities and obligations of U.S. government and government agencies and authorities |
$ | 2,148 | $ | 75 | $ | 1 | $ | 2,222 | |||||
|
Obligations of states, municipalities and political subdivisions: |
|||||||||||||
|
Pre-refunded |
8,458 | 567 | — | 9,025 | |||||||||
|
All other |
27,405 | 2,262 | 11 | 29,656 | |||||||||
|
Total obligations of states, municipalities and political subdivisions |
35,863 | 2,829 | 11 | 38,681 | |||||||||
|
Debt securities issued by foreign governments |
2,185 | 72 | — | 2,257 | |||||||||
|
Mortgage-backed securities, collateralized mortgage obligations and pass-through securities |
2,744 | 255 | 2 | 2,997 | |||||||||
|
All other corporate bonds |
17,863 | 1,360 | 20 | 19,203 | |||||||||
|
Redeemable preferred stock |
26 | 7 | — | 33 | |||||||||
|
Total |
$ | 60,829 | $ | 4,598 | $ | 34 | $ | 65,393 | |||||