Investments in fixed maturity securities (Tables)

9 Months Ended

Sep. 30, 2014

Schedule of investments in securities with fixed maturities

Investments in securities with fixed maturities as of September 30, 2014 and December 31, 2013 are summarized by type below (in millions).

	Amortized Cost		Unrealized Gains		Unrealized Losses			Fair Value		Carrying Value
September 30, 2014
Available for sale:
U.S. Treasury, U.S. government corporations and agencies	$	2,831	$	14	$	(6	)	$	2,839	$	2,839
States, municipalities and political subdivisions		1,923		103		(1	)		2,025		2,025
Foreign governments		12,139		265		(74	)		12,330		12,330
Corporate bonds		8,030		1,235		(3	)		9,262		9,262
Mortgage-backed securities		1,623		210		(4	)		1,829		1,829
		26,546		1,827		(88	)		28,285		28,285
Held to maturity:
Wm. Wrigley Jr. Company notes		668		—		(2	)		666		668
	$	27,214	$	1,827	$	(90	)	$	28,951	$	28,953
December 31, 2013
Available for sale:
U.S. Treasury, U.S. government corporations and agencies	$	2,650	$	16	$	(8	)	$	2,658	$	2,658
States, municipalities and political subdivisions		2,221		129		(5	)		2,345		2,345
Foreign governments		11,001		182		(110	)		11,073		11,073
Corporate bonds		9,383		1,190		(15	)		10,558		10,558
Mortgage-backed securities		1,830		218		(8	)		2,040		2,040
		27,085		1,735		(146	)		28,674		28,674
Held to maturity:
Wm. Wrigley Jr. Company notes		679		17		—			696		679
	$	27,764	$	1,752	$	(146	)	$	29,370	$	29,353

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

	September 30, 2014		December 31, 2013
Insurance and other	$	28,721	$	28,785
Finance and financial products		232		568
	$	28,953	$	29,353

Schedule of amortized cost and estimated fair value of securities with fixed maturities

The amortized cost and estimated fair value of securities with fixed maturities at September 30, 2014 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		$7,993		$12,004		$2,889		$2,705		$1,623		$27,214
Fair value		8,077		12,696		3,121		3,228		1,829		28,951