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HEALTH NET, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
F-29
2013
Amortized
Cost
Gross
Unrealized
Holding
Gains
Gross
Unrealized
Holding
Losses Carrying
Value
(Dollars in millions)
Current:
Asset-backed securities ................................................. $ 394.7 $ 3.4 $ (8.7) $ 389.4
U.S. government and agencies ...................................... 23.7 — — 23.7
Obligations of states and other political subdivisions... 734.3 5.9 (30.3) 709.9
Corporate debt securities............................................... 449.8 3.6 (9.4) 444.0
$ 1,602.5 $ 12.9 $ (48.4) $ 1,567.0
Noncurrent:
Asset-backed securities ................................................. $ 1.3 $ — $ (0.2) $ 1.1
Obligations of states and other political subdivisions... 53.4 — (6.3) 47.1
Corporate debt securities............................................... 13.2 — (1.6) 11.6
$ 67.9 $ — $ (8.1) $ 59.8
As of December 31, 2014, the contractual maturities of our current investments available-for-sale and our
investments available-for-sale-noncurrent were as follows:
Amortized
Cost Estimated
Fair Value
Current: (Dollars in millions)
Due in one year or less................................................................................................ $ 69.4 $ 69.6
Due after one year through five years......................................................................... 357.5 357.8
Due after five years through ten years ........................................................................ 486.3 489.6
Due after ten years ...................................................................................................... 427.0 436.1
Asset-backed securities............................................................................................... 437.2 437.9
Total current investments available-for-sale............................................................... $ 1,777.4 $ 1,791.0
Amortized
Cost Estimated
Fair Value
Noncurrent: (Dollars in millions)
Due after one year through five years......................................................................... 1.3 1.1
Due after five years through ten years ........................................................................ 3.4 2.9
Asset-backed securities............................................................................................... 0.8 0.6
Total noncurrent investments available-for-sale......................................................... $ 5.5 $ 4.6
Proceeds from sales of investments available-for-sale during 2014 were $441.4 million. Gross realized gains and
losses during 2014 totaled $5.7 million and $3.0 million, respectively. Proceeds from sales of investments available-for-
sale during 2013 were $696.5 million. Gross realized gains and losses during 2013 totaled $26.4 million and $2.4
million, respectively. Proceeds from sales of investments available-for-sale during 2012 were $1,350.0 million. Gross
realized gains and losses during 2012 totaled $37.2 million and $0.5 million, respectively.
The following tables show our investments’ fair values and gross unrealized losses for individual securities that
have been in a continuous loss position through December 31, 2014 and December 31, 2013. These investments are
interest-yielding debt securities of varying maturities. We have determined that the unrealized loss position for these