Health Net 2011 Annual Report Download - page 128

HEALTH NET, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
We classified $2.1 million and $8.8 million as investments available-for-sale-noncurrent as of December 31,
2011 and 2010, 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, 2011 and December 31, 2010.
As of December 31, 2011 and 2010, 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:
2011
Amortized
Cost
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses
Carrying
Value
(Dollars in millions)
Current:
Asset-backed securities ................................... $ 611.9 $10.6 $(0.2) $ 622.3
U.S. government and agencies ............................. 32.5 — — 32.5
Obligations of states and other political subdivisions ........... 498.7 19.5 (0.1) 518.1
Corporate debt securities ................................. 385.0 4.3 (4.2) 385.1
$1,528.1 $34.4 $(4.5) $1,558.0
Noncurrent:
Corporate debt securities ................................. $ 2.4 $— $(0.3) $ 2.1
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
$1,653.6 $22.1 $(12.5) $1,663.2
Noncurrent:
Obligations of states and other political subdivisions ........... $ 10.5 $ — $ (1.7) $ 8.8
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