Travelers 2011 Annual Report Download - page 207
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THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. FAIR VALUE MEASUREMENTS (Continued)
(at December 31, 2010, 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 . $ 2,008 $1,991 $ 17 $ —
Obligations of states, municipalities and political
subdivisions ............................... 39,535 — 39,433 102
Debt securities issued by foreign governments ........ 2,202 — 2,202 —
Mortgage-backed securities, collateralized mortgage
obligations and pass-through securities ............ 4,164 — 4,163 1
All other corporate bonds ....................... 14,876 — 14,749 127
Redeemable preferred stock ..................... 35 34 1 —
Total fixed maturities ........................ 62,820 2,025 60,565 230
Equity securities
Common stock ............................... 304 281 23 —
Non-redeemable preferred stock .................. 215 131 84 —
Total equity securities ........................ 519 412 107 —
Other investments ............................ 99 42 — 57
Total .................................... $63,438 $2,479 $60,672 $287
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