Allstate 2008 Annual Report Download - page 185

Management’s Discussion and Analysis
of Financial Condition and Results of Operations–(Continued)
The following table summarizes our illiquid portfolios as of December 31, 2008.
Amortized Fair
cost as a value as a
Par Amortized percentage of Fair percentage of Unrealized
value(2) cost(1)(2) par value value par value gain/loss
($ in millions)
MBS
Prime $ 840 $ 826 98.3% $ 621 73.9% $ (205)
Alt-A 1,098 780 71.0 582 53.0 (198)
CMBS
CMBS 5,915 5,815 98.4 3,819 64.6 (1,996)
CRE CDO 201 25 12.4 27 13.4 2
ABS
ABS RMBS 3,681 3,174 86.2 2,067 56.2 (1,107)
ABS CDO 137 10 7.3 6 4.4 (4)
Other CDO 2,296 1,894 82.5 778 33.9 (1,116)
Total $14,168 $12,524 88.4 $7,900 55.8 $(4,624)
(1) Amortized cost includes other-than-temporary impairment charges, as applicable.
(2) The difference between par value and amortized cost of $1.64 billion is primarily attributable to write-downs. Par value has been reduced
by principal payments.
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MD&A