Allstate 2012 Annual Report Download - page 158

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equity securities was primarily due to lower equity valuations. The following table presents unrealized net capital gains
and losses as of December 31.
($ in millions) 2011 2010
U.S. government and agencies $ 349 $ 276
Municipal 607 (267)
Corporate 2,364 1,395
Foreign government 215 337
RMBS (411) (516)
CMBS (178) (219)
ABS (214) (181)
Redeemable preferred stock 2 1
Fixed income securities (1) 2,734 826
Equity securities 160 583
EMA limited partnership interests 2
Derivatives (17) (22)
Unrealized net capital gains and losses, pre-tax $ 2,879 $ 1,387
(1) Unrealized net capital gains and losses for fixed income securities as of December 31, 2011 and 2010 comprise
$(267) million and $(293) million, respectively, related to unrealized net capital losses on fixed income securities with
other-than-temporary impairment and $3.00 billion and $1.12 billion, respectively, related to other unrealized net
capital gains and losses.
The unrealized net capital gains for the fixed income portfolio totaled $2.73 billion and comprised $4.40 billion of
gross unrealized gains and $1.67 billion of gross unrealized losses as of December 31, 2011. This is compared to
unrealized net capital gains for the fixed income portfolio totaling $826 million, comprised of $3.26 billion of gross
unrealized gains and $2.43 billion of gross unrealized losses as of December 31, 2010.
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