Travelers 2013 Annual Report Download - page 203

THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
3. INVESTMENTS (Continued)
Less than 12 months 12 months or longer Total
Gross Gross Gross
Fair Unrealized Fair Unrealized Fair Unrealized
(at December 31, 2012, in millions) Value Losses Value Losses Value Losses
Fixed maturities
U.S. Treasury securities and obligations of
U.S. government and government
agencies and authorities ............ $ 589 $ 1 $ — $— $ 589 $ 1
Obligations of states, municipalities and
political subdivisions ............... 611 9 45 2 656 11
Debt securities issued by foreign
governments ..................... 186 — 2 — 188 —
Mortgage-backed securities, collateralized
mortgage obligations and pass-through
securities ....................... 70 — 36 2 106 2
All other corporate bonds ............ 1,097 13 89 7 1,186 20
Total fixed maturities .............. 2,553 23 172 11 2,725 34
Equity securities
Common stock ..................... 40 4 — — 40 4
Non-redeemable preferred stock ........ 13 — — — 13 —
Total equity securities .............. 53 4 — — 53 4
Total .......................... $2,606 $27 $172 $11 $2,778 $38
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