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81
Fixed Maturity Securities
Fixed maturity securities at December 31, 2006, included $34.6 billion, or 98.7 percent, of bonds and derivative
instruments and $445.1 million, or 1.3 percent, of redeemable preferred stocks. The following table shows the fair
value composition by internal industry classification of the fixed maturity bond portfolio and the associated
unrealized gains and losses.
Fixed Maturity Bonds – By Industry Classification
As of December 31, 2006
(in millions of dollars)
Classification Fair Value
Net
Unrealized
Gain (Loss)
Fair Value
of Bonds
with Gross
Unrealized
Loss
Gross
Unrealized
Loss
Fair Value
of Bonds
with Gross
Unrealized
Gain
Gross
Unrealized
Gain
Basic Industry 2,360.9$ 88.8$ 833.9$ 32.9$ 1,527.0$ 121.7$
Canadian 268.9 57.2 - - 268.9 57.2
Capital Goods 2,605.4 173.8 662.6 24.2 1,942.8 198.0
Communications 2,615.0 136.2 861.6 49.9 1,753.4 186.1
Consumer Cyclical 1,463.4 33.8 627.0 31.7 836.4 65.5
Consumer Non-Cyclical 4,043.3 135.4 1,751.8 68.6 2,291.5 204.0
Derivatives Hedging
Available-for-Sale (42.5) (46.0) (165.8) 165.8 123.3 119.8
Energy (Oil & Gas) 2,274.7 229.2 366.6 12.8 1,908.1 242.0
Financial Institutions 3,628.0 28.5 2,154.9 71.7 1,473.1 100.2
Mortgage/Asset-Backed 3,973.8 208.2 737.0 13.8 3,236.8 222.0
Sovereigns 864.3 36.4 478.3 13.1 386.0 49.5
Technology 477.5 19.5
130.0 7.0 347.5 26.5
Transportation 993.8 98.8 130.8 2.8 863.0 101.6
U.S. Government Agencies
and Municipalities 2,620.5 59.7 1,368.6 67.0 1,251.9 126.7
Utilities 6,420.9 308.6 2,267.3 89.5 4,153.6 398.1
Total 34,567.9$ 1,568.1$ 12,204.6$ 650.8$ 22,363.3$ 2,218.9$
The above chart excludes DIG Issue B36 embedded derivatives, which at December 31, 2006 had a fair value of
$(11.5) million.