Humana 2015 Annual Report Download - page 111

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Humana Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
103
2013, we acquired other health and wellness and technology related businesses which, individually or in the aggregate,
have not had a material impact on our results of operations, financial condition, or cash flows. The results of operations
and financial condition of these businesses have been included in our condensed consolidated statements of income
and condensed consolidated balance sheets from the respective acquisition dates. Acquisition-related costs recognized
in each of 2015, 2014, and 2013 were not material to our results of operations. The pro forma financial information
assuming the acquisitions had occurred as of the beginning of the calendar year prior to the year of acquisition, as well
as the revenues and earnings generated during the year of acquisition, were not material for disclosure purposes.
4. INVESTMENT SECURITIES
Investment securities classified as current and long-term were as follows at December 31, 2015 and 2014,
respectively:
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
(in millions)
December 31, 2015
U.S. Treasury and other U.S. government
corporations and agencies:
U.S. Treasury and agency obligations $ 331 $ 2 $ (1) $ 332
Mortgage-backed securities 1,902 12 (23) 1,891
Tax-exempt municipal securities 2,611 61 (4) 2,668
Mortgage-backed securities:
Residential 13 — — 13
Commercial 1,024 2 (41) 985
Asset-backed securities 264 1 (2) 263
Corporate debt securities 2,873 140 (55) 2,958
Total debt securities $ 9,018 $ 218 $ (126) $ 9,110
December 31, 2014
U.S. Treasury and other U.S. government
corporations and agencies:
U.S. Treasury and agency obligations $ 365 $ 10 $ (1) $ 374
Mortgage-backed securities 1,453 50 (5) 1,498
Tax-exempt municipal securities 2,931 140 (3) 3,068
Mortgage-backed securities:
Residential 17 — — 17
Commercial 846 16 (19) 843
Asset-backed securities 28 1 — 29
Corporate debt securities 3,432 299 (13) 3,718
Total debt securities $ 9,072 $ 516 $ (41) $ 9,547