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ALL » Topics » Exposure to certain financial institutions

This excerpt taken from the ALL 10-Q filed Nov 6, 2008.
Exposure to certain financial institutions Our direct exposure to American International Group, Bank of America Corporation (including Countrywide), Goldman Sachs Group, LLP, JP Morgan Chase & Company (including Bear Stearns and Washington Mutual), Lehman Brothers Holdings, Merrill Lynch and Company, Morgan Stanley, Wachovia Corporation, Fannie Mae, and Freddie Mac totals $1.66 billion or 1.6% of our total investment portfolio as of September 30, 2008.  On these names, we had $237 million in impairment write-downs and $41 million in change in intent write-downs during the third quarter of 2008, and $331 million in impairment write-downs and $163 million in change in intent write-downs during the first nine months of 2008.

 

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