Aetna 2011 Annual Report Download - page 85
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Annual Report- Page 79
Debt and Equity Securities
Debt and equity securities available for sale at December 31, 2011 and 2010 were as follows:
(Millions)
December 31, 2011
Debt securities:
U.S. government securities
States, municipalities and political subdivisions
U.S. corporate securities
Foreign securities
Residential mortgage-backed securities
Commercial mortgage-backed securities
Other asset-backed securities
Redeemable preferred securities
Total debt securities
Equity securities
Total debt and equity securities (2)
December 31, 2010
Debt securities:
U.S. government securities
States, municipalities and political subdivisions
U.S. corporate securities
Foreign securities
Residential mortgage-backed securities
Commercial mortgage-backed securities
Other asset-backed securities
Redeemable preferred securities
Total debt securities
Equity securities
Total debt and equity securities (2)
Amortized
Cost
$ 1,394.7
2,654.9
6,484.0
2,614.9
849.8
1,295.3
437.0
164.2
15,894.8
40.3
$ 15,935.1
$ 1,293.5
2,288.8
6,731.5
2,667.4
1,089.2
1,226.4
447.6
196.7
15,941.1
35.3
$ 15,976.4
Gross
Unrealized
Gains
$ 165.0
208.5
718.2
278.2
51.1
98.3
20.6
12.6
1,552.5
5.0
$ 1,557.5
$ 80.8
54.4
553.0
231.1
53.6
99.5
21.1
12.3
1,105.8
5.6
$ 1,111.4
Gross
Unrealized
Losses
$ (.4)
(3.3)
(28.1)
(38.0)
(.1)
(5.8)
(3.8)
(14.5)
(94.0)
(7.8)
$ (101.8)
$ (.6)
(46.9)
(21.9)
(21.2)
(2.8)
(13.7)
(4.8)
(12.7)
(124.6)
(1.6)
$ (126.2)
(1)
(1)
(1)
(1)
Fair
Value
$ 1,559.3
2,860.1
7,174.1
2,855.1
900.8
1,387.8
453.8
162.3
17,353.3
37.5
$ 17,390.8
$ 1,373.7
2,296.3
7,262.6
2,877.3
1,140.0
1,312.2
463.9
196.3
16,922.3
39.3
$ 16,961.6
(1) At December 31, 2011 and 2010, we held securities for which we recognized $10.7 million and $38.3 million, respectively, of non-
credit-related impairments in other comprehensive income in the past. These securities had a net unrealized capital gain at December 31,
2011 and 2010 of $7.4 million and $3.9 million, respectively.
(2) Investment risks associated with our experience-rated and discontinued products generally do not impact our operating results (refer to
Note 20 beginning on page 110 for additional information on our accounting for discontinued products). At December 31, 2011, debt
and equity securities with a fair value of $4.0 billion, gross unrealized capital gains of $505.6 million and gross unrealized capital losses
of $48.2 million and, at December 31, 2010, debt and equity securities with a fair value of $4.1 billion, gross unrealized capital gains of
$339.5 million and gross unrealized capital losses of $38.1 million were included in total debt and equity securities, but support our
experience-rated and discontinued products. Changes in net unrealized capital gains (losses) on these securities are not reflected in
accumulated other comprehensive income.