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Investment Holdings
The amortized cost for our investments in debt and perpetual securities, the cost for equity securities and the fair
values of these investments at December 31 are shown in the following tables.
2016
(In millions)
Cost or
Amortized
Cost
Gross
Unrealized
Gains
Gross
Unrealized
Losses
Fair
Value
Securities available for sale, carried at fair value:
Fixed maturities:
Yen-denominated:
Japan government and agencies
$ 22,857
$ 3,359
$ 160
$26,056
Municipalities
246
29
8
267
Mortgage- and asset-backed securities
1,096
33
8
1,121
Public utilities
1,533
318
3
1,848
Sovereign and supranational
862
186
5
1,043
Banks/financial institutions
2,673
403
74
3,002
Other corporate
3,192
623
3
3,812
Total yen-denominated
32,459
4,951
261
37,149
Dollar-denominated:
U.S. government and agencies
148
10
0
158
Municipalities
894
142
8
1,028
Mortgage- and asset-backed securities
196
20
0
216
Public utilities
5,205
690
60
5,835
Sovereign and supranational
335
91
0
426
Banks/financial institutions
2,570
507
16
3,061
Other corporate
24,556
2,021
690
25,887
Total dollar-denominated
33,904
3,481
774
36,611
Total fixed maturities
66,363
8,432
1,035
73,760
Perpetual securities:
Yen-denominated:
Banks/financial institutions
1,266
128
49
1,345
Other corporate
189
24
0
213
Dollar-denominated:
Banks/financial institutions
51
24
0
75
Total perpetual securities
1,506
176
49
1,633
Equity securities:
Yen-denominated
624
83
2
705
Dollar-denominated
579
31
6
604
Total equity securities
1,203
114
8
1,309
Total securities available for sale
$ 69,072
$ 8,722
$ 1,092
$76,702
102