Aetna 2006 Annual Report Download - page 63

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Debt and equity securities available for sale (including loaned securities) at December 31, 2005 were as follows:
Gross Gross
Amortized Unrealized Unrealized Fair
(Millions) Cost Gains Losses Value
2005
Debt securities:
U.S. government securities 1,342.0$ 22.2$ 12.2$ 1,352.0$
States, municipalities and political subdivisions 1,464.6 23.1 7.7 1,480.0
U.S. corporate securities 6,182.0 335.3 50.5 6,466.8
Foreign securities 2,238.9 159.0 15.1 2,382.8
Mortgage-backed and other asset-backed securities
(1)
2,883.3 58.0 43.9 2,897.4
Redeemable preferred securities 250.7 25.3 - 276.0
Total debt securities 14,361.5 622.9 129.4 14,855.0
Equity securities 50.9 10.5 .2 61.2
Total debt and equity securities 14,412.4$ 633.4$ 129.6$ 14,916.2$
(1) Includes approximately $137.4 million of subordinate and residual certificates at December 31, 2005 from a 1997 commercial
mortgage loan securitization that we retained.
Net realized capital gains and losses on debt securities supporting our discontinued products and experience-rated
products generally do not impact our results of operations (refer to Note 2 beginning on page 48 for additional
information). As a result, changes in net unrealized capital gains (losses) on these securities are not reflected in
accumulated other comprehensive income (loss). Debt securities (including loaned securities) supporting
discontinued, experience-rated and remaining products at December 31, 2006 and 2005 were as follows:
Gross Gross
Amortized Unrealized Unrealized Fair
(Millions) Cost Gains Losses Value
2006
Supporting discontinued products 2,965.7$ 167.1$ 25.2$ 3,107.6$
Supporting experience-rated products 1,620.9 68.8 16.9 1,672.8
Supporting remaining products 10,003.9 179.0 96.4 10,086.5
Total available for sale debt securities 14,590.5$ 414.9$ 138.5$ 14,866.9$
2005
Supporting discontinued products 3,093.3$ 269.7$ 20.1$ 3,342.9$
Supporting experience-rated products 1,817.9 119.7 16.8 1,920.8
Supporting remaining products 9,450.3 233.5 92.5 9,591.3
Total available for sale debt securities 14,361.5$ 622.9$ 129.4$ 14,855.0$
The fair value of debt securities at December 31, 2006 is shown below by contractual maturity. Actual maturities
may differ from contractual maturities because securities may be restructured, called or prepaid.
Fair
(Millions) Value
Due to mature:
One year or less 654.2$
After one year, through five years 2,930.7
After five years, through ten years 3,358.2
After ten years 4,957.0
Mortgage-backed securities 2,446.0
Other asset-backed securities 520.8
Total 14,866.9$
Page 61