Debt and equity securities available for sale at September 30, 2016 and December 31, 2015 were as follows:
(Millions)
Amortized
Cost

 
Gross
Unrealized
Gains

 
Gross
Unrealized
Losses

 
 
Fair
Value

September 30, 2016
 
 
 
 
 
 
 
 
Debt securities:
 
 
 
 
 
 
 
 
U.S. government securities
$
1,688.6

 
$
111.0

 
$
(.7
)
 
 
$
1,798.9

States, municipalities and political subdivisions
4,941.5

 
312.1

 
(6.9
)
 
 
5,246.7

U.S. corporate securities
8,169.9

 
627.7

 
(10.2
)
 
 
8,787.4

Foreign securities
2,969.5

 
266.6

 
(6.2
)
 
 
3,229.9

Residential mortgage-backed securities
835.0

 
25.5

 
(.5
)
 
 
860.0

Commercial mortgage-backed securities
1,357.4

 
33.7

 
(2.7
)
(1) 
 
1,388.4

Other asset-backed securities
1,066.8

 
13.7

 
(8.2
)
(1) 
 
1,072.3

Redeemable preferred securities
23.2

 
5.7

 

 
 
28.9

Total debt securities
21,051.9

 
1,396.0

 
(35.4
)
 
 
22,412.5

Equity securities
127.0

 
24.3

 
(3.2
)
 
 
148.1

Total debt and equity securities (2)
$
21,178.9

 
$
1,420.3

 
$
(38.6
)
 
 
$
22,560.6

December 31, 2015
 

 
 

 
 

 
 
 

Debt securities:
 

 
 

 
 

 
 
 

U.S. government securities
$
1,803.5

 
$
68.8

 
$
(.6
)
 
 
$
1,871.7

States, municipalities and political subdivisions
4,889.5

 
244.3

 
(9.3
)
 
 
5,124.5

U.S. corporate securities
7,981.5

 
339.5

 
(146.6
)
 
 
8,174.4

Foreign securities
2,910.2

 
148.3

 
(61.4
)
 
 
2,997.1

Residential mortgage-backed securities
914.6

 
16.6

 
(6.3
)
 
 
924.9

Commercial mortgage-backed securities
1,262.4

 
17.2

 
(9.0
)
(1) 
 
1,270.6

Other asset-backed securities
910.4

 
3.1

 
(19.2
)
(1) 
 
894.3

Redeemable preferred securities
33.0

 
11.5

 

 
 
44.5

Total debt securities
20,705.1

 
849.3

 
(252.4
)
 
 
21,302.0

Equity securities
22.8

 
4.1

 
(5.9
)
 
 
21.0

Total debt and equity securities (2)
$
20,727.9

 
$
853.4

 
$
(258.3
)
 
 
$
21,323.0

 
 
 
 
 
 
 
 
 
(1) 
At September 30, 2016 and December 31, 2015, we held securities for which we previously recognized $4.9 million and $5.4 million, respectively, of non-credit related impairments in accumulated other comprehensive loss. These securities had a net unrealized capital gain at September 30, 2016 and December 31, 2015 of $0.9 million and $1.9 million, respectively.
(2) 
Investment risks associated with our experience-rated and discontinued products generally do not impact our operating results (refer to Note 18 for additional information on our accounting for discontinued products).  At September 30, 2016, debt and equity securities with a fair value of approximately $3.1 billion, gross unrealized capital gains of $327.8 million and gross unrealized capital losses of $6.6 million and, at December 31, 2015, debt and equity securities with a fair value of approximately $3.0 billion, gross unrealized capital gains of $208.7 million and gross unrealized capital losses of $68.0 million were included in total debt and equity securities, but support our experience-rated and discontinued products.  Changes in net unrealized capital gains (losses) on these securities are not reflected in accumulated other comprehensive income.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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