Travelers 2013 Annual Report Download - page 198

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, 2013, in millions) Cost Gains Losses Value
U.S. Treasury securities and obligations of U.S. government and
government agencies and authorities .................... $ 2,288 $ 39 $ 12 $ 2,315
Obligations of states, municipalities and political subdivisions:
Pre-refunded ..................................... 9,074 445 1 9,518
All other ........................................ 25,414 991 361 26,044
Total obligations of states, municipalities and political
subdivisions .................................. 34,488 1,436 362 35,562
Debt securities issued by foreign governments ............... 2,552 33 8 2,577
Mortgage-backed securities, collateralized mortgage obligations
and pass-through securities ........................... 2,263 179 18 2,424
All other corporate bonds ............................. 20,472 767 299 20,940
Redeemable preferred stock ........................... 133 6 1 138
Total ......................................... $62,196 $2,460 $700 $63,956
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
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