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This excerpt taken from the ALL 10-Q filed Oct 31, 2007. Alternative investments included in our equity securities totaled $2.25 billion, or 1.9% of
total investments, at September 30, 2007. This balance has increased 38.6%
since December 31, 2006. Additionally, at September 30, 2007, we have
commitments to invest in limited partnership investments totaling $1.58 billion. Alternative investments primarily are limited partnership investments
that have exposure to private equity, real estate and hedge funds. Net
investment income and realized capital gains for the third quarter and first
nine months of 2007 reflect the benefits of an ongoing strategic asset
allocation process, part of which has favored these investments in recent years.
Net investment income on alternative investments was $48 million in the three
months and $204 million in the nine months ended September 30, 2007, an
increase of 50.0% and 42.7%, respectively, compared to the same periods in the
prior year.
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