INVESTMENTS, PROPERTY/CASUALTY INSURERS, 2012-2014 (1)

($ millions, end of year)

  Amount Percent of total investments
Investment type 2012 2013 2014 2012 2013 2014
Bonds $907,304 $925,895 $941,934 65.21% 62.45% 61.45%
Stocks 268,125 329,486 345,760 19.27 22.22 22.56
     Preferred 11,943 11,539 14,630 0.86 0.78 0.95
     Common 256,182 317,947 331,131 18.41 21.44 21.60
Mortgage loans on real estate 5,681 7,972 10,008 0.41 0.54 0.65
     First liens 5,427 7,765 9,820 0.39 0.52 0.64
     Other than first liens 254 207 188 0.02 0.01 0.01
Real estate 10,388 9,966 10,162 0.75 0.67 0.66
     Properties occupied by company 8,962 8,475 8,598 0.64 0.57 0.56
     Properties held for income production 1,228 1,249 1,286 0.09 0.08 0.08
     Properties held for sale 198 243 278 0.01 0.02 0.02
Cash, cash equivalent and short-term investments 82,502 83,552 90,749 5.93 5.64 5.92
Derivatives 592 578 637 0.04 0.04 0.04
Other invested assets 109,321 118,316 126,582 7.86 7.98 8.26
Receivable for securities 956 1,491 1,104 0.07 0.10 0.07
Securities lending reinvested collateral assets 2,640 2,637 2,681 0.19 0.18 0.17
Aggregate write-in for invested assets 3,873 2,776 3,282 0.28 0.19 0.21
Total cash and invested assets $1,391,380 $1,482,670 $1,532,899 100.00% 100.00% 100.00%
(1) Includes cash and net admitted assets of property/casualty insurers. Source: SNL Financial LC.