Travelers 2012 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, 2012, 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 . . $ 2,222 $2,205 $ 17 $ —
Obligations of states, municipalities and political
subdivisions ................................ 38,681 — 38,653 28
Debt securities issued by foreign governments ......... 2,257 — 2,257 —
Mortgage-backed securities, collateralized mortgage
obligations and pass-through securities ............. 2,997 — 2,992 5
All other corporate bonds ........................ 19,203 — 19,006 197
Redeemable preferred stock ...................... 33 32 1 —
Total fixed maturities ......................... 65,393 2,237 62,926 230
Equity securities
Common stock ................................. 510 510 — —
Non-redeemable preferred stock ..................... 135 92 43 —
Total equity securities ......................... 645 602 43 —
Other investments ............................... 100 46 — 54
Total .................................... $66,138 $2,885 $62,969 $284
The Company did not have any material transfers between Levels 1 and 2 during the year ended
December 31, 2012.
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