United Healthcare 2014 Annual Report Download - page 78

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3. Investments
A summary of short-term and long-term investments by major security type is as follows:
(in millions)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
December 31, 2014
Debt securities — available-for-sale:
U.S. government and agency obligations ................. $ 1,614 $ 7 $ (1) $ 1,620
State and municipal obligations ......................... 6,456 217 (5) 6,668
Corporate obligations ................................. 7,241 112 (26) 7,327
U.S. agency mortgage-backed securities .................. 2,022 39 (5) 2,056
Non-U.S. agency mortgage-backed securities .............. 872 12 (4) 880
Total debt securities — available-for-sale ..................... 18,205 387 (41) 18,551
Equity securities — available-for-sale ........................ 1,511 36 (25) 1,522
Debt securities — held-to-maturity:
U.S. government and agency obligations ................. 178 2 — 180
State and municipal obligations ......................... 19 — — 19
Corporate obligations ................................. 298 — — 298
Total debt securities — held-to-maturity ...................... 495 2 — 497
Total investments ........................................ $20,211 $425 $ (66) $20,570
December 31, 2013
Debt securities — available-for-sale:
U.S. government and agency obligations ................. $ 2,211 $ 5 $ (21) $ 2,195
State and municipal obligations ......................... 6,902 147 (72) 6,977
Corporate obligations ................................. 7,265 130 (60) 7,335
U.S. agency mortgage-backed securities .................. 2,256 23 (61) 2,218
Non-U.S. agency mortgage-backed securities .............. 697 12 (7) 702
Total debt securities — available-for-sale ..................... 19,331 317 (221) 19,427
Equity securities — available-for-sale ........................ 1,576 9 (13) 1,572
Debt securities — held-to-maturity:
U.S. government and agency obligations ................. 181 1 — 182
State and municipal obligations ......................... 28 — — 28
Corporate obligations ................................. 334 — — 334
Total debt securities — held-to-maturity ...................... 543 1 — 544
Total investments ........................................ $21,450 $327 $(234) $21,543
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