Investment gains/losses (Tables)

6 Months Ended

Jun. 30, 2014

Investment gains/losses, including other-than-temporary impairment losses

Investment gains/losses are summarized below (in millions).


	Second Quarter						First Six Months
	2014			2013			2014			2013
Fixed maturity securities —
Gross gains from sales and other disposals	$	39		$	67		$	229		$	82
Gross losses from sales and other disposals		(19	)		(38	)		(48	)		(92	)
Equity securities —
Gross gains from sales and other disposals		2,391			261			3,395			370
Gross losses from sales and other disposals		(3	)		(19	)		(3	)		(20	)
Other-than-temporary impairments		—			—			(19	)		(85	)
Other		(42	)		221			(57	)		742

	$	2,366		$	492		$	3,497		$	997

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


	Second Quarter				First Six Months
	2014		2013		2014		2013
Insurance and other	$	2,366	$	455	$	3,425	$	889
Finance and financial products		—		37		72		108

	$	2,366	$	492	$	3,497	$	997

- 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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