Berkshire Hathaway 2002 Annual Report Download - page 39

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38
Notes to Consolidated Financial Statements (Continued)
(4) Investments in securities with fixed maturities
Investments in securities with fixed maturities as of December 31, 2002 and 2001 are shown below (in millions).
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
December 31, 2002
Insurance and other:
Available-for-sale:
Obligations of U.S. Treasury, U.S. government
corporations and agencies.......................................... $ 9,091 $ 966 $  $10,057
Obligations of states, municipalities
and political subdivisions........................................... 6,346 280 (1) 6,625
Obligations of foreign governments................................ 3,813 92 (2) 3,903
Corporate bonds .............................................................. 10,007 1,031 (114) 10,924
Redeemable preferred stocks .............................................. 113 10 (4) 119
Mortgage-backed securities ................................................ 6,155 321 (8) 6,468
$35,525 $2,700 $ (129) $38,096
Finance and financial products:
Available-for-sale:
Obligations of U.S. Treasury, U.S. government
corporations and agencies.......................................... $ 3,543 $ 331 $  $ 3,874
Corporate bonds .................................................................. 1,261 40 (10) 1,291
Mortgage-backed securities ................................................ 10,202 299 10,501
$15,006 $ 670 $ (10) $15,666
Held-to-maturity, mortgage-backed securities....................... $ 1,019 $ 178 $  $ 1,197
Amortized Unrealized Unrealized Fair
Cost Gains Losses Value
December 31, 2001
Insurance and other:
Available-for-sale:
Obligations of U.S. Treasury, U.S. government
corporations and agencies.......................................... $ 8,969 $ 62 $ (212) $ 8,819
Obligations of states, municipalities
and political subdivisions........................................... 7,390 98 (43) 7,445
Obligations of foreign governments................................ 2,460 55 (15) 2,500
Corporate bonds .............................................................. 5,802 427 (498) 5,731
Redeemable preferred stocks .............................................. 93 1 (4) 90
Mortgage-backed securities ................................................ 11,379 257 (2) 11,634
$36,093 $ 900 $ (774) $36,219
Finance and financial products:
Available-for-sale:
Obligations of U.S. Treasury, U.S. government
corporations and agencies.......................................... $ 2,944 $  $ (47) $ 2,897
Corporate bonds .................................................................. 1,169 (26) 1,143
Mortgage-backed securities ................................................ 17,364 33 (24) 17,373
$21,477 $ 33 $ (97) $21,413
Held-to-maturity, mortgage-backed securities....................... $ 1,461 $ 92 $ (17) $ 1,536