Note 4. Investments in fixed maturity securities

Investments in securities with fixed maturities as of September 30, 2013 and December 31, 2012 are summarized by type below (in millions).


	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value
September 30, 2013
U.S. Treasury, U.S. government corporations and agencies	$	2,537	$	21	$	(6	)	$	2,552
States, municipalities and political subdivisions		2,397		141		(5	)		2,533
Foreign governments		10,225		213		(68	)		10,370
Corporate bonds		10,136		1,806		(10	)		11,932
Mortgage-backed securities		1,918		237		(7	)		2,148

	$	27,213	$	2,418	$	(96	)	$	29,535

December 31, 2012
U.S. Treasury, U.S. government corporations and agencies	$	2,742	$	33	$	—		$	2,775
States, municipalities and political subdivisions		2,735		178		—			2,913
Foreign governments		11,098		302		(45	)		11,355
Corporate bonds		10,410		2,254		(3	)		12,661
Mortgage-backed securities		2,276		318		(7	)		2,587

	$	29,261	$	3,085	$	(55	)	$	32,291

Investments in fixed maturity securities are reflected in our Consolidated Balance Sheets as follows (in millions).


	September 30,		December 31,
	2013		2012
Insurance and other	$	28,872	$	31,449
Finance and financial products		663		842

	$	29,535	$	32,291

Investments in foreign government securities include securities issued by national and provincial government entities as well as instruments that are unconditionally guaranteed by such entities. As of September 30, 2013, approximately 94% of foreign government holdings were rated AA or higher by at least one of the major rating agencies and securities issued or guaranteed by Germany, the United Kingdom, Australia, Canada and the Netherlands represented approximately 81% of the investments. Unrealized losses on all fixed maturity investments in a continuous unrealized loss position for more than twelve consecutive months were $12 million as of September 30, 2013 and $9 million as of December 31, 2012.

The amortized cost and estimated fair value of securities with fixed maturities at September 30, 2013 are summarized below by contractual maturity dates. Actual maturities will differ from contractual maturities because issuers of certain of the securities retain early call or prepayment rights. Amounts are in millions.


	Due in one year or less		Due after one year through five years		Due after five years through ten years		Due after ten years		Mortgage- backed securities		Total
Amortized cost	$	6,733	$	11,297	$	4,411	$	2,854	$	1,918	$	27,213
Fair value		6,916		12,249		4,970		3,252		2,148		29,535