Travelers 2010 Annual Report Download - page 203

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. FAIR VALUE MEASUREMENTS (Continued)
(at December 31, 2009, in millions) Total Level 1 Level 2 Level 3
Invested assets:
Fixed maturities
U.S. Treasury securities and obligations of U.S.
Government and government agencies and authorities $ 2,574 $2,517 $ 57 $ —
Obligations of states, municipalities and political
subdivisions ............................... 41,333 — 41,232 101
Debt securities issued by foreign governments ........ 1,957 — 1,957 —
Mortgage-backed securities, collateralized mortgage
obligations and pass-through securities ............ 5,207 — 5,184 23
All other corporate bonds ....................... 14,728 — 14,612 116
Redeemable preferred stock ..................... 48 36 12 —
Total fixed maturities ........................ 65,847 2,553 63,054 240
Equity securities
Common stock ............................... 219 219 — —
Non-redeemable preferred stock .................. 232 138 94 —
Total equity securities ........................ 451 357 94 —
Other investments(1).......................... 413 46 213 154
Total .................................... $66,711 $2,956 $63,361 $394
(1) The amount in Level 3 includes $94 million of non-public stock purchase warrants of a
publicly-held company.
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