Schedule I - Summary of Investments - Other Than Investments in Related Parties

12 Months Ended

Dec. 31, 2014

Schedule I - Summary of Investments - Other Than Investments in Related Parties

Schedule I - Summary of Investments - Other Than Investments in Related Parties

Schedule I — Summary of Investments — Other Than Investments in Related Parties
December 31, 2014

Type of Investment	Cost		Value		Amount as shown in the consolidated statement of financial position
	(in millions)
Fixed maturities, available-for-sale:
U.S Treasury securities and obligations of U.S government corporations and agencies	$	1,085.6	$	1,121.8	$	1,121.8
States, municipalities and political subdivisions		3,916.8		4,204.0		4,204.0
Foreign governments		704.4		891.1		891.1
Public utilities		3,693.5		3,440.0		3,440.0
Convertibles and bonds with warrants attached		45.5		—		—
Redeemable preferred stock		48.3		53.0		53.0
All other corporate bonds		25,521.0		28,042.0		28,042.0
Residential mortgage-backed securities		2,702.9		2,822.9		2,822.9
Commercial mortgage-backed securities		3,896.9		3,975.5		3,975.5
Collateralized debt obligations		521.2		504.1		504.1
Other debt obligations		4,583.4		4,616.4		4,616.4

Total fixed maturities, available-for-sale		46,719.5		49,670.8		49,670.8
Fixed maturities, trading		604.6		604.6		604.6
Equity securities, available-for-sale:
Banks, trust and insurance companies		71.3		62.0		62.0
Industrial, miscellaneous and all other		3.5		6.5		6.5
Non-redeemable preferred stock		50.3		54.5		54.5

Total equity securities, available-for-sale		125.1		123.0		123.0
Equity securities, trading		840.2		840.2		840.2
Mortgage loans (1)		11,868.1		XXXX		11,811.6
Real estate, net:
Real estate acquired in satisfaction of debt (3)		136.6		XXXX		130.4
Other real estate		1,214.2		XXXX		1,214.2
Policy loans		829.2		XXXX		829.2
Other investments (2)		3,210.9		XXXX		3,209.8

Total investments	$	65,548.4		XXXX	$	68,433.8

(1)	The amount shown in the consolidated statement of financial position for mortgage loans differs from cost as mortgage loans are generally reported at cost adjusted for amortization of premiums and accrual of discounts, computed using the interest method and net of valuation allowances.
(2)	The amount shown in the consolidated statement of financial position for other investments differs from cost due to accumulated earnings from minority interests in unconsolidated entities and properties owned jointly with venture partners and operated by the partners. Other investments also includes derivative assets and certain seed money investments and other investment funds, which are reported at fair value, and commercial mortgage loans of consolidated VIEs and equity method real estate investments for which the fair value option was elected.
(3)	The amount shown in the consolidated statement of financial position for real estate differs from cost as real estate is generally reported at cost adjusted for valuation allowances.

- Definition

The entire disclosure for the schedule applicable to insurance companies summarizing investments held as of the most recent audited balance sheet. At a minimum, such summary is by three major categories of investments including: (1) fixed maturities primarily consisting of bonds, including convertibles and bonds with warrants, and redeemable preferred stocks, (2) equity securities primarily consisting of common stocks and nonredeemable preferred stocks, and (3) other investments including mortgage loans on real estate, real estate held for investment, real estate acquired in satisfaction of debt, policy loans, other long-term investments, and short-term investments not otherwise categorized. The information provided with respect to each item within each category includes: (A) the original cost of equity securities and, as to fixed maturity securities, original cost reduced by repayments and adjusted for amortization of premiums or accrual of discounts, (B) fair value as of the reporting date, and (C) the amount at which the item within each category is shown in the statement of financial position; with respect to (C), if the amount at which shown in the statement of financial position is different from the items original [amortized] cost or fair value, an explanation of the difference may be included herein.

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