Health Net 2010 Annual Report Download - page 119

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HEALTH NET, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
During the years ended December 31, 2010 and 2009, we recognized $0 and $60,000, respectively, in losses
from other-than-temporary impairments of our cash equivalents and available-for-sale investments.
We classified $8.8 million and $20.9 million as investments available-for-sale-noncurrent as of
December 31, 2010 and 2009, respectively, because we did not intend to sell and we believed it may take longer
than a year for such impaired securities to recover. This classification does not affect the marketability or the
valuation of the investments, which are reflected at their market value as of December 31, 2010 and
December 31, 2009.
As of December 31, 2010 and 2009, the amortized cost, gross unrealized holding gains and losses, and fair
value of our current investments available-for-sale and our investments available-for-sale-noncurrent, after
giving effect to other-than-temporary impairments were as follows:
2010
Amortized
Cost
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Carrying
Value
(Dollars in millions)
Current:
Asset-backed securities ................................... $ 642.3 $ 8.1 $ (2.2) $ 648.2
U.S. government and agencies ............................. 103.6 0.1 (0.4) 103.3
Obligations of states and other political subdivisions ........... 533.2 2.1 (8.1) 527.2
Corporate debt securities ................................. 374.5 11.8 (1.8) 384.5
Other securities ......................................... 0 0 0 0
$1,653.6 $22.1 $(12.5) $1,663.2
Noncurrent:
Obligations of states and other political subdivisions ........... $ 10.5 $ 0 $ (1.7) $ 8.8
2009
Amortized
Cost
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Carrying
Value
(Dollars in millions)
Current:
Asset-backed securities ................................... $ 546.8 $ 2.1 $ (4.9) $ 544.0
U.S. government and agencies ............................. 128.1 0.1 (2.0) 126.2
Obligations of states and other political subdivisions ........... 391.8 6.1 (2.6) 395.3
Corporate debt securities ................................. 305.4 6.2 (1.1) 310.5
Other securities ......................................... 0 0.1 0 0.1
$1,372.1 $14.6 $(10.6) $1,376.1
Noncurrent:
Asset-backed securities ................................... $ 23.6 $ 0 $ (2.7) $ 20.9
F-22