Allstate 2008 Annual Report Download - page 212
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Included in the table above are net realized capital gains on the valuation and settlement of derivative
instruments related to our risk mitigation and return optimization programs initiated in 2008 totaling $256 million
for the year ended December 31, 2008. These realized capital gains and losses are detailed in the following table
for the year ended December 31, 2008.
Valuation Settlement Total
($ in millions)
Portfolio duration management $ 38 $ 1 $ 39
Interest rate spike exposure (81) (16) (97)
Hedging unrealized gains on equity securities (48) 342 294
Credit risk hedging 25 (5) 20
To t al $(66) $322 $256
The following table presents the breakout by operating segment for net realized capital gains on the
valuation and settlements of derivatives for the years ended December 31:
2008 2007 2006
($ in millions)
Property-Liability $ (7) $118 $(77)
Allstate Financial (788) (57) 31
Corporate and Other 11—
To t al $(794) $ 62 $(46)
102
MD&A