United Healthcare 2013 Annual Report Download - page 79

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3. Investments
A summary of short-term and long-term investments by major security type is as follows:
(in millions)
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
December 31, 2013
Debt securities — available-for-sale:
U.S. government and agency obligations ................. $ 2,211 $ 5 $ (21) $ 2,195
State and municipal obligations ......................... 6,902 147 (72) 6,977
Corporate obligations ................................. 7,265 130 (60) 7,335
U.S. agency mortgage-backed securities .................. 2,256 23 (61) 2,218
Non-U.S. agency mortgage-backed securities .............. 697 12 (7) 702
Total debt securities — available-for-sale ..................... 19,331 317 (221) 19,427
Equity securities — available-for-sale ........................ 1,576 9 (13) 1,572
Debt securities — held-to-maturity:
U.S. government and agency obligations ................. 181 1 — 182
State and municipal obligations ......................... 28 — — 28
Corporate obligations ................................. 334 — — 334
Total debt securities — held-to-maturity ...................... 543 1 — 544
Total investments ........................................ $21,450 $327 $(234) $21,543
December 31, 2012
Debt securities — available-for-sale:
U.S. government and agency obligations ................. $ 2,501 $ 38 $ (1) $ 2,538
State and municipal obligations ......................... 6,282 388 (3) 6,667
Corporate obligations ................................. 6,930 283 (4) 7,209
U.S. agency mortgage-backed securities .................. 2,168 70 — 2,238
Non-U.S. agency mortgage-backed securities .............. 538 36 — 574
Total debt securities — available-for-sale ..................... 18,419 815 (8) 19,226
Equity securities — available-for-sale ........................ 668 10 (1) 677
Debt securities — held-to-maturity:
U.S. government and agency obligations ................. 168 6 — 174
State and municipal obligations ......................... 30 — — 30
Corporate obligations ................................. 641 2 — 643
Total debt securities — held-to-maturity ...................... 839 8 — 847
Total investments ........................................ $19,926 $833 $ (9) $20,750
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