Allstate 2008 Annual Report Download - page 264

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The following table summarizes the gross unrealized losses and fair value of fixed income and equity
securities by the length of time that individual securities have been in a continuous unrealized loss position.
Less than 12 months 12 months or more
Number Number Total
of Fair Unrealized of Fair Unrealized unrealized
issues value losses issues value losses losses
($ in millions)
At December 31, 2008
Fixed income securities
U.S. government and agencies 5 $ 230 $ (1) — $ — $ — $ (1)
Municipal 2,648 11,981 (1,983) 117 598 (201) (2,184)
Corporate 1,632 14,827 (2,050) 448 4,504 (1,826) (3,876)
Foreign government 58 349 (63) 3 13 (12) (75)
MBS 355 1,259 (243) 89 348 (176) (419)
CMBS 295 2,729 (797) 179 899 (1,207) (2,004)
ABS 191 1,167 (338) 409 2,429 (2,134) (2,472)
Redeemable preferred stock 3 17 (10) 1 1 — (10)
Total fixed income securities 5,187 32,559 (5,485) 1,246 8,792 (5,556) (11,041)
Equity securities 325 1,897 (398) 10 53 (46) (444)
Total fixed income and equity securities 5,512 $34,456 $(5,883) 1,256 $8,845 $(5,602) $(11,485)
Investment grade fixed income securities 4,687 $30,484 $(4,813) 1,081 $7,988 $(4,961) $ (9,774)
Below investment grade fixed income securities 500 2,075 (672) 165 804 (595) (1,267)
Total fixed income securities 5,187 $32,559 $(5,485) 1,246 $8,792 $(5,556) $(11,041)
At December 31, 2007
Fixed income securities
U.S. government and agencies 2 $ 3 $ — 4 $ 11 $ — $ —
Municipal 657 3,502 (81) 47 220 (15) (96)
Corporate 1,061 11,968 (578) 351 4,231 (184) (762)
Foreign government 23 183 (3) 4 12 — (3)
MBS 309 2,407 (75) 1,086 1,359 (25) (100)
CMBS 310 3,073 (346) 135 1,179 (41) (387)
ABS 522 5,905 (778) 119 1,090 (68) (846)
Redeemable preferred stock 2 5 (1) 2 17 — (1)
Total fixed income securities 2,886 27,046 (1,862) 1,748 8,119 (333) (2,195)
Equity securities 503 968 (104) 16 19 (2) (106)
Total fixed income and equity securities 3,389 $28,014 $(1,966) 1,764 $8,138 $ (335) $ (2,301)
Investment grade fixed income securities 2,529 $24,813 $(1,670) 1,705 $7,772 $ (299) $ (1,969)
Below investment grade fixed income securities 357 2,233 (192) 43 347 (34) (226)
Total fixed income securities 2,886 $27,046 $(1,862) 1,748 $8,119 $ (333) $ (2,195)
154
Notes