Travelers 2014 Annual Report Download - page 190

Table of Contents
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:
189
Gross Unrealized
Amortized
Cost
Fair
Value
(at December 31, 2014, in millions)
Gains
Losses
U.S. Treasury securities and obligations of U.S.
government and government agencies and authorities
$
2,022
$
36
$
5
$
2,053
Obligations of states, municipalities and political
subdivisions:
Pre - refunded
7,229
332
—
7,561
All other
24,666
1,356
10
26,012
Total obligations of states, municipalities and
political subdivisions
31,895
1,688
10
33,573
Debt securities issued by foreign governments
2,320
48
—
2,368
Mortgage - backed securities, collateralized mortgage
obligations and pass
- through securities
2,052
165
4
2,213
All other corporate bonds
22,390
844
99
23,135
Redeemable preferred stock
122
10
—
132
Total
$
60,801
$
2,791
$
118
$
63,474
Gross Unrealized
Amortized
Cost
Fair
Value
(at December 31, 2013, in millions)
Gains
Losses
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