HCA Holdings 2012 Annual Report Download - page 131

Download and view the complete annual report

Please find page 131 of the 2012 HCA Holdings annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 161

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161

HCA HOLDINGS, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 7 — INVESTMENTS OF INSURANCE SUBSIDIARIES
A summary of the insurance subsidiaries’ investments at December 31 follows (dollars in millions):
2012
Amortized
Cost
Unrealized
Amounts Fair
ValueGains Losses
Debt securities:
States and municipalities .......................... $395 $23 $— $418
Auction rate securities ............................ 74 (6) 68
Asset-backed securities ........................... 14 — 14
Money market funds ............................. 67 — 67
550 23 (6) 567
Equity securities ..................................... 213
$552 $24 $ (6) 570
Amounts classified as current assets ..................... (55)
Investment carrying value ............................. $515
2011
Amortized
Cost
Unrealized
Amounts Fair
ValueGains Losses
Debt securities:
States and municipalities .......................... $398 $19 $— $417
Auction rate securities ............................ 139 (8) 131
Asset-backed securities ........................... 20 — 20
Money market funds ............................. 53 — 53
610 19 (8) 621
Equity securities ..................................... 7 1 (1) 7
$617 $20 $ (9) 628
Amounts classified as current assets ..................... (80)
Investment carrying value ............................. $548
At December 31, 2012 and 2011 the investments of our insurance subsidiaries were classified as
“available-for-sale.” Changes in temporary unrealized gains and losses are recorded as adjustments to other
comprehensive income (loss). At December 31, 2012 and 2011, $9 million and $19 million, respectively, of our
investments were subject to the restrictions included in insurance bond collateralization and assumed reinsurance
contracts.
F-23