Allstate 2011 Annual Report Download - page 219

The following table summarizes the Company’s assets and liabilities measured at fair value on a recurring and
non-recurring basis as of December 31, 2009:
Quoted prices
($ in millions) in active Significant
markets for other Significant Counterparty Balance
identical observable unobservable and cash as of
assets inputs inputs collateral December 31,
(Level 1) (Level 2) (Level 3) netting 2009
Assets
Fixed income securities:
U.S. government and agencies $ 4,415 $ 3,121 $ — $ 7,536
Municipal — 18,574 2,706 21,280
Corporate — 30,874 2,241 33,115
Foreign government — 3,177 20 3,197
RMBS — 6,316 1,671 7,987
CMBS — 1,182 1,404 2,586
ABS — 1,025 2,001 3,026
Redeemable preferred stock — 37 2 39
Total fixed income securities 4,415 64,306 10,045 78,766
Equity securities 4,821 134 69 5,024
Short-term investments 278 2,778 — 3,056
Other investments:
Free-standing derivatives — 882 146 $ (482) 546
Separate account assets 9,072 — — 9,072
Other assets — — 2 2
Total recurring basis assets 18,586 68,100 10,262 (482) 96,466
Non-recurring basis (1) — — 235 235
Total assets at fair value $ 18,586 $ 68,100 $ 10,497 $ (482) $ 96,701
% of total assets at fair value 19.2% 70.4% 10.9% (0.5)% 100.0%
Liabilities
Contractholder funds:
Derivatives embedded in life and annuity
contracts $ — $ (217) $ (110) $ (327)
Other liabilities:
Free-standing derivatives (2) (596) (91) $ 276 (413)
Total liabilities at fair value $ (2) $ (813) $ (201) $ 276 $ (740)
% of total liabilities at fair value 0.3% 109.9% 27.1% (37.3)% 100.0%
(1) Includes $211 million of mortgage loans and $24 million of limited partnership interests written-down to fair value in connection with recognizing
other-than-temporary impairments.
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Notes