PFG » Topics » Net Unrealized Gains and Losses on Available-for-Sale Securities

These excerpts taken from the PFG 10-K filed Feb 27, 2008.

Net Unrealized Gains and Losses on Available-for-Sale Securities

        The net unrealized gains and losses on investments in fixed maturities and equity securities available-for-sale are reported as a separate component of stockholders' equity. The cumulative amount of net unrealized gains and losses on available-for-sale securities and derivative instruments was as follows:

 
  December 31,
 
 
  2007
  2006
 
 
  (in millions)

 
Net unrealized gains on fixed maturities, available-for-sale(1)   $ 329.7   $ 1,321.1  
Net unrealized gains (losses) on equity securities, available-for-sale     (3.9 )   8.9  
Adjustments for assumed changes in amortization patterns     2.2     (128.1 )
Net unrealized gains on derivative instruments     20.7     46.4  
Net unrealized gains on equity method subsidiaries and minority interest adjustments     75.2     6.8  
Provision for deferred income taxes     (106.8 )   (396.1 )
   
 
 
Net unrealized gains on available-for-sale securities   $ 317.1   $ 859.0  
   
 
 

(1)
Excludes net unrealized gains (losses) on fixed maturities, available-for-sale included in fair value hedging relationships.

Net Unrealized Gains and Losses on Available-for-Sale Securities




        The net unrealized gains and losses on investments in fixed maturities and equity securities available-for-sale are reported as a separate
component of stockholders' equity. The
cumulative amount of net unrealized gains and losses on available-for-sale securities and derivative instruments was as follows:















































































































 
 December 31,
 
 
 2007
 2006
 
 
 (in millions)


 
Net unrealized gains on fixed maturities, available-for-sale(1) $329.7 $1,321.1 
Net unrealized gains (losses) on equity securities, available-for-sale  (3.9) 8.9 
Adjustments for assumed changes in amortization patterns  2.2  (128.1)
Net unrealized gains on derivative instruments  20.7  46.4 
Net unrealized gains on equity method subsidiaries and minority interest adjustments  75.2  6.8 
Provision for deferred income taxes  (106.8) (396.1)
  
 
 
Net unrealized gains on available-for-sale securities $317.1 $859.0 
  
 
 






(1)
Excludes
net unrealized gains (losses) on fixed maturities, available-for-sale included in fair value hedging relationships.


This excerpt taken from the PFG 10-K filed Feb 28, 2007.

Net Unrealized Gains and Losses on Available-for-Sale Securities

        The net unrealized gains and losses on investments in fixed maturities and equity securities available-for-sale are reported as a separate component of stockholders' equity. The cumulative amount of net unrealized gains and losses on available-for-sale securities was as follows:

 
  December 31,
 
 
  2006
  2005
 
 
  (in millions)
 
Net unrealized gains on fixed maturities, available-for-sale(1)   $ 1,321.1   $ 1,670.8  
Net unrealized gains on equity securities, available-for-sale     8.9     20.3  
Adjustments for assumed changes in amortization patterns     (128.1 )   (136.2 )
Net unrealized gains on derivative instruments     46.4     39.6  
Net unrealized losses on policyholder dividend obligation         (33.7 )
Net unrealized gains (losses) on equity method subsidiaries and minority interest adjustments     6.8     (19.9 )
Provision for deferred income taxes     (396.1 )   (513.0 )
   
 
 
Net unrealized gains on available-for-sale securities   $ 859.0   $ 1,027.9  
   
 
 

(1)
Excludes net unrealized gains (losses) on fixed maturities, available-for-sale included in fair value hedging relationships.

122


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

6.    Investments — (continued)

This excerpt taken from the PFG 10-K filed Mar 2, 2006.

Net Unrealized Gains and Losses on Available-for-Sale Securities

        The net unrealized gains and losses on investments in fixed maturities and equity securities available-for-sale are reported as a separate component of stockholders' equity, reduced by adjustments to DPAC, sales inducements, unearned revenue reserves and PDO that would have been required as a charge or credit to operations had such amounts been realized, and a provision for deferred income taxes.

117


Principal Financial Group, Inc.

Notes to Consolidated Financial Statements — (continued)

5.    Investments — (continued)


        The cumulative amount of net unrealized gains and losses on available-for-sale securities was as follows:

 
  December 31,
 
 
  2005
  2004
 
 
  (in millions)

 
Net unrealized gains on fixed maturities, available-for-sale(1)   $ 1,670.8   $ 2,504.8  
Net unrealized gains on equity securities, available-for-sale     20.2     14.0  
Adjustments for assumed changes in amortization patterns:              
  Deferred policy acquisition costs     (145.7 )   (242.9 )
  Sales inducements     6.3     0.5  
  Unearned revenue reserves     3.2     11.5  
Net unrealized gains (losses) on derivative instruments     39.6     (2.0 )
Net unrealized losses on policyholder dividend obligation     (33.7 )   (118.5 )
Net unrealized losses on equity method subsidiaries and minority interest adjustments     (19.9 )   (40.1 )
Provision for deferred income taxes     (512.9 )   (723.4 )
   
 
 
Net unrealized gains on available-for-sale securities   $ 1,027.9   $ 1,403.9  
   
 
 

(1)
Excludes net unrealized gains (losses) on fixed maturities, available-for-sale included in fair value hedging relationships.
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