Aetna 2015 Annual Report Download - page 113

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Annual Report- Page 107
The maturity dates for debt securities in an unrealized capital loss position at December 31, 2015 were as follows:
Supporting discontinued
and experience-rated products Supporting remaining
products Total
(Millions) Fair
Value Unrealized
Losses Fair
Value Unrealized
Losses Fair
Value Unrealized
Losses
Due to mature:
Less than one year $ — $ — $ 258.9 $ .8 $ 258.9 $ .8
One year through five years 76.2 1.5 1,844.5 25.0 1,920.7 26.5
After five years through ten years 368.8 15.3 1,394.5 60.8 1,763.3 76.1
Greater than ten years 459.7 45.4 987.2 69.1 1,446.9 114.5
Residential mortgage-backed securities 5.1 .1 413.1 6.2 418.2 6.3
Commercial mortgage-backed securities 55.1 1.8 530.7 7.2 585.8 9.0
Other asset-backed securities — — 720.6 19.2 720.6 19.2
Total $ 964.9 $ 64.1 $ 6,149.5 $ 188.3 $ 7,114.4 $ 252.4
Net realized capital (losses) gains for the three years ended December 31, 2015, 2014 and 2013, excluding amounts
related to experience-rated contract holders and discontinued products, were as follows:
(Millions) 2015 2014 2013
OTTI losses on debt securities recognized in earnings $ (63.4) $ (4.6) $ (36.6)
Other net realized capital (losses) gains (1.1) 85.0 27.8
Net realized capital (losses) gains $ (64.5) $ 80.4 $ (8.8)
The net realized capital losses in 2015 were primarily attributable to yield-related OTTI on U.S. corporate debt
securities. The net realized capital gains in 2014 were primarily attributable to gains from the sales of debt and
equity securities. The net realized capital losses in 2013 were primarily attributable to yield-related OTTI on U.S.
Treasury debt securities that we had the intent to sell, partially offset by gains from the sales of debt securities.
Yield-related impairments are recognized in other comprehensive income unless we have the intention to sell the
security in an unrealized loss position, in which case the yield-related OTTI is recognized in earnings. In 2015 and
2013, we recognized yield-related OTTI losses of $63 million and $33 million, respectively, related to our debt
securities. Yield-related OTTI losses were not significant in 2014. We had no other individually material realized
capital losses on debt or equity securities that impacted our operating results during 2015, 2014 or 2013.
Excluding amounts related to experience-rated and discontinued products, proceeds from the sale of debt securities
and the related gross realized capital gains and losses for 2015, 2014 and 2013 were as follows:
(Millions) 2015 2014 2013
Proceeds on sales $ 5,256.2 $ 4,727.7 $ 6,524.8
Gross realized capital gains 80.6 91.1 113.9
Gross realized capital losses 76.3 35.5 100.0