Investment gains/losses (Tables)

6 Months Ended

Jun. 30, 2013

Investment gains/losses including other-than-temporary impairment losses on investments

Investment gains/losses, including other-than-temporary impairment (“OTTI”) losses, are summarized below (in millions).


	Second Quarter						First Six Months
	2013			2012			2013		2012
Fixed maturity securities —
Gross gains from sales and other disposals	$	67		$	58		$	82	$	91
Gross losses from sales and other disposals		(38	)		(329	)		(92)		(345)
Equity securities —
Gross gains from sales and other disposals		261			385			370		573
Gross losses from sales and other disposals		(19	)		(7	)		(20)		(7)
OTTI losses		—			—			(85)		(337)
Other		221			18			742		44

	$	492		$	125		$	997	$	19

Investment gains/losses are reflected in the Consolidated Statements of Earnings as follows (in millions).
Insurance and other	$	455		$	102		$	889	$	(5)
Finance and financial products		37			23			108		24

	$	492		$	125		$	997	$	19

- Definition

Tabular disclosure of the realized and unrealized gains and losses reported in the statement of income which have resulted from the sale and holding of marketable securities, respectively, as well as the sale or disposal of cost method investments. Such amounts would include realized gains and losses on the sale or disposal of trading, available-for-sale, and held-to-maturity securities, unrealized gains and losses on trading securities, unrealized gains and losses on available-for-sale and held-to-maturity securities transferred to the trading securities category, realized gains and losses on the sale or disposal of cost method investments, and losses recognized for other than temporary impairments (OTTI) of such investments.

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