Travelers 2015 Annual Report Download - page 202

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THE TRAVELERS COMPANIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
4. FAIR VALUE MEASUREMENTS (Continued)
The following tables present the changes in the Level 3 fair value category for the years ended
December 31, 2015 and 2014.
Fixed Other
(in millions) Maturities Investments Total
Balance at December 31, 2014 .............................. $ 232 $36 $ 268
Total realized and unrealized investment gains (losses):
Reported in net realized investment gains(1) ................... 12 3
Reported in increases (decreases) in other comprehensive income . . . (4) 1 (3)
Purchases, sales and settlements/maturities:
Purchases ............................................ 202 1 203
Sales ............................................... (7) (2) (9)
Settlements/maturities ................................... (41) — (41)
Gross transfers into Level 3 ................................ 21 — 21
Gross transfers out of Level 3 ............................... (186) — (186)
Balance at December 31, 2015 ........................... $ 218 $38 $ 256
Amount of total realized investment gains (losses) for the period
included in the consolidated statement of income attributable to
changes in the fair value of assets still held at the reporting date .... $ — $(1) $ (1)
(1) Includes impairments on investments held at the end of the period as well as amortization on fixed
maturities.
Fixed Other
(in millions) Maturities Investments Total
Balance at December 31, 2013 .............................. $255 $34 $289
Total realized and unrealized investment gains (losses):
Reported in net realized investment gains(1) ................... 3 1 4
Reported in increases (decreases) in other comprehensive income . . . (2) 1 (1)
Purchases, sales and settlements/maturities:
Purchases ............................................ 232 1 233
Sales ............................................... (1) (1) (2)
Settlements/maturities ................................... (90) — (90)
Gross transfers into Level 3 ................................ 18 — 18
Gross transfers out of Level 3 ............................... (183) — (183)
Balance at December 31, 2014 ........................... $232 $36 $268
Amount of total realized investment gains (losses) for the period
included in the consolidated statement of income attributable to
changes in the fair value of assets still held at the reporting date .... $ — $— $ —
(1) Includes impairments on investments held at the end of the period as well as amortization on fixed
maturities.
202