Aetna 2015 Annual Report Download - page 109
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Annual Report- Page 103
Other acquired intangible assets at December 31, 2015 and 2014 were comprised of the following:
(Millions) Cost Accumulated
Amortization Net Balance Amortization
Period (Years)
2015
Provider networks $ 1,254.1 $ 632.3 $ 621.8 12-25 (1)
Customer lists 1,164.8 373.7 791.1 5-14 (1)
Value of business acquired 149.2 79.7 69.5 20 (2)
Technology 175.8 93.4 82.4 4-10
Other 10.2 3.4 6.8 2-15
Definite-lived trademarks 170.1 75.7 94.4 5-20
Indefinite-lived trademarks 22.3 — 22.3
Total other acquired intangible assets $ 2,946.5 $ 1,258.2 $ 1,688.3
2014
Provider networks $ 1,254.1 $ 570.4 $ 683.7 12-25 (1)
Customer lists 1,319.5 413.6 905.9 5-14 (1)
Value of business acquired 149.2 65.3 83.9 20 (2)
Technology 188.2 74.0 114.2 4-10
Other 10.5 2.7 7.8 2-15
Definite-lived trademarks 172.4 41.9 130.5 5-20
Indefinite-lived trademarks 22.3 — 22.3
Total other acquired intangible assets $ 3,116.2 $ 1,167.9 $ 1,948.3
(1) The amortization period for our provider networks and customer lists includes an assumption of renewal or extension of these
arrangements. At both December 31, 2015 and 2014, the periods prior to the next renewal or extension for our provider networks
primarily ranged from 1 to 3 years, and the period prior to the next renewal or extension for our customer lists was 1 year. Any costs
related to the renewal or extension of these contracts are expensed as incurred.
(2) VOBA is being amortized over the expected life of the acquired contracts in proportion to estimated premium.
We estimate annual pretax amortization for other acquired intangible assets over the next five years to be as
follows:
(Millions)
2016 $ 246.9
2017 233.5
2018 197.4
2019 191.5
2020 179.9
8. Investments
Total investments at December 31, 2015 and 2014 were as follows:
2015 2014
(Millions) Current Long-term Total Current Long-term Total
Debt and equity securities available for sale $ 2,877.1 $ 18,445.9 $ 21,323.0 $ 2,463.8 $ 18,977.9 $ 21,441.7
Mortgage loans 126.9 1,426.8 1,553.7 124.2 1,438.0 1,562.2
Other investments 10.8 1,792.1 1,802.9 7.2 1,778.0 1,785.2
Total investments $ 3,014.8 $ 21,664.8 $ 24,679.6 $ 2,595.2 $ 22,193.9 $ 24,789.1
We did not have any repurchase agreements outstanding at December 31, 2015. At December 31, 2014, $202
million of investments were pledged as collateral under repurchase agreements. At December 31, 2015 we did not
have any investments pledged under securities lending agreements. At December 31, 2014, $798 million of
investments were pledged under securities lending agreements.