This excerpt taken from the ALL 10-K filed Feb 25, 2010.
INVESTMENTS 2009 HIGHLIGHTS
Investments as of December 31, 2009 totaled $99.83 billion, an increase of 4.0% from $96.00 billion
as of December 31, 2008.
Unrealized net capital losses totaled $2.32 billion as of December 31, 2009, an improvement from
$8.81 billion as of December 31, 2008. This resulted from improving fixed income and equity portfolio valuations. The fair value of fixed income securities increased as a result of
significant tightening in credit spreads that more than offset a rise in risk-free interest rates.
Net investment income was $4.44 billion in 2009, a decrease of 21.0% from
$5.62 billion in 2008.
Net realized capital losses of $583 million in 2009 primarily included $1.92 billion of net realized capital
losses from other-than-temporary impairments partially offset by net realized capital gains of $1.27 billion primarily from the sales of fixed income and equity
securities. Net realized capital losses were $5.09 billion in 2008.
During 2009, our fixed income and mortgage loan portfolio generated cash flows totaling $11.51 billion
increased our flexibility to take advantage of market opportunities and manage liabilities.
Over the last three quarters of 2009 we deployed approximately $16.6 billion of
and cash receipts into securities, primarily fixed income and equity securities, to generate income and capital appreciation.
Bet you've never seen portfolio analytics like these.