Travelers 2012 Annual Report Download - page 195

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
3. INVESTMENTS
Fixed Maturities
The amortized cost and fair value of investments in fixed maturities classified as available for sale
were as follows:
Gross Unrealized
Amortized Fair
(at December 31, 2012, in millions) Cost Gains Losses Value
U.S. Treasury securities and obligations of U.S. government and
government agencies and authorities .................... $ 2,148 $ 75 $ 1 $ 2,222
Obligations of states, municipalities and political subdivisions:
Pre-refunded ..................................... 8,458 567 — 9,025
All other ........................................ 27,405 2,262 11 29,656
Total obligations of states, municipalities and political
subdivisions .................................. 35,863 2,829 11 38,681
Debt securities issued by foreign governments ............... 2,185 72 — 2,257
Mortgage-backed securities, collateralized mortgage obligations
and pass-through securities ........................... 2,744 255 2 2,997
All other corporate bonds ............................. 17,863 1,360 20 19,203
Redeemable preferred stock ........................... 26 7 — 33
Total ......................................... $60,829 $4,598 $34 $65,393
Gross Unrealized
Amortized Fair
(at December 31, 2011, in millions) Cost Gains Losses Value
U.S. Treasury securities and obligations of U.S. government and
government agencies and authorities .................... $ 2,396 $ 101 $— $ 2,497
Obligations of states, municipalities and political subdivisions:
Pre-refunded ..................................... 6,820 513 1 7,332
All other ........................................ 29,391 2,303 4 31,690
Total obligations of states, municipalities and political
subdivisions .................................. 36,211 2,816 5 39,022
Debt securities issued by foreign governments ............... 2,228 91 1 2,318
Mortgage-backed securities, collateralized mortgage obligations
and pass-through securities ........................... 3,288 249 22 3,515
All other corporate bonds ............................. 15,845 1,066 61 16,850
Redeemable preferred stock ........................... 26 4 — 30
Total ......................................... $59,994 $4,327 $89 $64,232
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