Aetna 2011 Annual Report Download - page 87
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Annual Report- Page 81
Summarized below are the debt and equity securities we held at December 31, 2011 and 2010 that were in an
unrealized capital loss position, aggregated by the length of time the investments have been in that position:
(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 (1)
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 (1)
Less than 12 months
Fair
Value
$ 14.0
23.8
625.5
498.8
.9
102.7
27.8
17.6
1,311.1
6.2
$ 1,317.3
$ 8.4
964.9
665.8
375.9
103.7
103.7
85.9
4.5
2,312.8
.5
$ 2,313.3
Unrealized
Losses
$ —
.4
25.7
25.4
—
2.8
.1
.9
55.3
2.4
$ 57.7
$ .2
37.6
17.0
14.6
2.6
2.4
2.0
—
76.4
—
$ 76.4
Greater than 12 months
Fair
Value
$ 15.1
68.6
62.4
55.3
2.9
42.8
3.9
34.5
285.5
20.8
$ 306.3
$ 19.8
82.7
210.2
34.6
6.6
78.5
4.9
94.3
531.6
9.5
$ 541.1
Unrealized
Losses
$ .4
2.9
2.4
12.6
.1
3.0
3.7
13.6
38.7
5.4
$ 44.1
$ .4
9.3
4.9
6.6
.2
11.3
2.8
12.7
48.2
1.6
$ 49.8
Total (1)
Fair
Value
$ 29.1
92.4
687.9
554.1
3.8
145.5
31.7
52.1
1,596.6
27.0
$ 1,623.6
$ 28.2
1,047.6
876.0
410.5
110.3
182.2
90.8
98.8
2,844.4
10.0
$ 2,854.4
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) At December 31, 2011 and 2010, debt and equity securities in an unrealized capital loss position of $48.2 million and $38.1 million,
respectively, and with related fair value of $446.1 million and $650.5 million, respectively, related to experience-rated and discontinued
products.
We reviewed the securities in the tables above and concluded that these are performing assets generating investment
income to support the needs of our business. In performing this review, we considered factors such as the quality of
the investment security based on research performed by our internal credit analysts and external rating agencies and
the prospects of realizing the carrying value of the security based on the investment’s current prospects for
recovery. At December 31, 2011, we did not have the intention to sell the debt securities that were in an unrealized
capital loss position.