Allstate 2012 Annual Report Download - page 199

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Realized capital gains and losses
Realized capital gains and losses by asset type for the years ended December 31 are as follows:
($ in millions) 2011 2010 2009
Fixed income securities $ 712 $ (366) $ (302)
Equity securities 63 153 181
Mortgage loans (27) (71) (144)
Limited partnership interests 159 57 (446)
Derivatives (397) (600) 206
Other (7) — (78)
Realized capital gains and losses $ 503 $ (827) $ (583)
Realized capital gains and losses by transaction type for the years ended December 31 are as follows:
($ in millions) 2011 2010 2009
Impairment write-downs $ (496) $ (797) $ (1,562)
Change in intent write-downs (100) (204) (357)
Net other-than-temporary impairment losses
recognized in earnings (596) (1,001) (1,919)
Sales 1,336 686 1,272
Valuation of derivative instruments (291) (427) 367
Settlements of derivative instruments (105) (174) (162)
EMA limited partnership income 159 89 (141)
Realized capital gains and losses $ 503 $ (827) $ (583)
Gross gains of $1.27 billion, $819 million and $1.21 billion and gross losses of $240 million, $435 million and
$373 million were realized on sales of fixed income securities during 2011, 2010 and 2009, respectively.
Other-than-temporary impairment losses by asset type for the years ended December 31 are as follows:
2011 2010 2009
($ in millions)
Included Included Included
Gross in OCI Net Gross in OCI Net Gross in OCI Net
Fixed income securities:
Municipal $ (59) $ (3) $ (62) $ (203) $ 24 $ (179) $ (140) $ 10 $ (130)
Corporate (30) 6 (24) (68) 2 (66) (213) (13) (226)
Foreign government (1) — (1) — — — (17) — (17)
RMBS (196) (39) (235) (381) (47) (428) (672) 384 (288)
CMBS (66) 1 (65) (94) (27) (121) (411) 102 (309)
ABS (9) 2 (7) (14) (16) (30) (208) (26) (234)
Total fixed income securities (361) (33) (394) (760) (64) (824) (1,661) 457 (1,204)
Equity securities (139) — (139) (57) — (57) (264) — (264)
Mortgage loans (37) — (37) (71) — (71) (103) — (103)
Limited partnership interests (6) — (6) (46) — (46) (308) — (308)
Other (20) — (20) (3) — (3) (40) — (40)
Other-than-temporary impairment losses $ (563) $ (33) $ (596) $ (937) $ (64) $ (1,001) $ (2,376) $ 457 $ (1,919)
The total amount of other-than-temporary impairment losses included in accumulated other comprehensive
income at the time of impairment for fixed income securities, which were not included in earnings, are presented in the
following table. The amount excludes $172 million and $322 million as of December 31, 2011 and 2010, respectively, of
113