The Hartford 2012 Annual Report Download - page 188
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Table of Contents
Fixed maturities, AFS
Sale proceeds $41,442 $36,956 $ 46,482
Gross gains 845 617 706
Gross losses (416)(381)(452)
Equity securities, AFS
Sale proceeds $295 $ 239 $ 325
Gross gains 34 59 24
Gross losses (20) — (16)
Sales of AFS securities in 2012 were the result of the reinvestment into spread product well-positioned for modest economic growth, as well as the purposeful
reduction of certain exposures.
The following table presents a roll-forward of the Company’s cumulative credit impairments on debt securities held as of December 31, 2012, 2011 and 2010.
(Before-tax)
Balance as of beginning of period $(1,676) $ (2,072) $ (2,200)
Additions for credit impairments recognized on [1]:
Securities not previously impaired (28)(56)(211)
Securities previously impaired (20)(69) (161)
Reductions for credit impairments previously recognized on:
Securities that matured or were sold during the period 700 505 468
Securities due to an increase in expected cash flows 11 16 32
[1] These additions are included in the net OTTI losses recognized in earnings in the Consolidated Statements of Operations.
F-46