Travelers 2010 Annual Report Download - page 204

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. FAIR VALUE MEASUREMENTS (Continued)
The following tables present the changes in the Level 3 fair value category for the years ended
December 31, 2010 and 2009.
Fixed Other
(in millions) Maturities Investments Total
Balance at December 31, 2009 .............................. $240 $ 154 $ 394
Total realized and unrealized investment gains (losses):
Included in realized investment gains (losses)(1) ................ 527
Included in increases (decreases) in accumulated other changes in
equity from nonowner sources ........................... 10 11 21
Purchases, sales and settlements/maturities:
Purchases ............................................ 44 3 47
Sales ............................................... (9) (113) (122)
Settlements/maturities ................................... (41) — (41)
Gross transfers into Level 3 ................................ 13 — 13
Gross transfers out of Level 3 ............................... (32) — (32)
Balance at December 31, 2010 ........................... $230 $ 57 $ 287
Amount of total realized investment gains (losses) for the period
included in the consolidated statement of income attributable to
changes in the fair value of assets still held at the reporting date .... $— $ — $ —
(1) Includes impairments on investments held at the end of the period as well as amortization on fixed
maturities.
Fixed Other
(in millions) Maturities Investments Total
Balance at December 31, 2008 .............................. $154 $311 $465
Total realized and unrealized investment gains (losses):
Included in realized investment gains (losses)(1) ................ (5) (4) (9)
Included in increases (decreases) in accumulated other changes in
equity from nonowner sources ........................... 11 73 84
Purchases, sales and settlements/maturities:
Purchases ............................................ 128 4 132
Sales ............................................... (12) — (12)
Settlements/maturities ................................... (18) — (18)
Gross transfers into Level 3 ................................ 9 — 9
Gross transfers out of Level 3 ............................... (27) (230) (257)
Balance at December 31, 2009 ........................... $240 $154 $394
Amount of total realized investment gains (losses) for the period
included in the consolidated statement of income attributable to
changes in the fair value of assets still held at the reporting date .... $ — $ 7 $ 7
(1) Includes impairments on investments held at the end of the period as well as amortization on fixed
maturities.
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