Investment gains/losses (Tables)

9 Months Ended

Sep. 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).


	Third Quarter						First Nine Months
	2013			2012			2013			2012
Fixed maturity securities —
Gross gains from sales and other disposals	$	727		$	77		$	809		$	168
Gross losses from sales and other disposals		(55	)		—			(147	)		(345	)
Equity securities —
Gross gains from sales and other disposals		548			645			918			1,218
Gross losses from sales and other disposals		(37	)		(4	)		(57	)		(11	)
OTTI losses		(143	)		—			(228	)		(337	)
Other		674			199			1,416			243

	$	1,714		$	917		$	2,711		$	936

Investment gains/losses are reflected in the Consolidated Statements of Earnings as follows (in millions).


	Third Quarter				First Nine Months
	2013		2012		2013		2012
Insurance and other	$	1,640	$	725	$	2,529	$	720
Finance and financial products		74		192		182		216

	$	1,714	$	917	$	2,711	$	936

- 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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