Column A

Column B

Column C

Column D

Amount

Shown in

Market

Balance

(Dollars in thousands)

Cost

Value

Sheet

Fixed maturities-available for sale

Bonds:

U.S. government and government agencies

$

1,407,256

$

1,420,618

$

1,420,618

State, municipalities and political subdivisions

558,842

586,621

Foreign government securities

1,423,634

1,437,512

Foreign corporate securities

4,250,642

4,278,660

Public utilities

268,021

279,240

All other corporate bonds

10,340,207

10,449,243

Mortgage - backed securities:

Commercial

1,032,506

1,064,366

Agency residential

2,361,208

2,375,332

Non-agency residential

6,530

6,536

Redeemable preferred stock

414,746

410,144

Total fixed maturities-available for sale

22,063,592

22,308,272

Equity securities - at fair value (1)

1,365,515

1,825,908

Short-term investments

1,178,386

1,178,337

Other invested assets

2,919,965

Cash

1,440,861

Total investments and cash

$

28,968,319

$

29,673,343

$

29,673,343

(1) Original cost does not reflect fair value adjustments, which have been realized through the statements of operations and comprehensive income (loss).