| (Dollars in millions) | September 30, 2004 | September 30, 2003 | ||
|---|---|---|---|---|
| Basis | Market Value | Basis | Market Value | |
| Fixed maturity securities | ||||
| U.S. Government securities | $ 15,095 | $ 15,667 | $ 14,997 | $ 15,450 |
| Commercial paper | $ 188 | $ 188 | $ 87 | $ 87 |
| Asset backed securities | $ 399 | $ 396 | $ 937 | $ 942 |
| Corporate and other bonds | $ 1,050 | $ 1,082 | $ 740 | $ 771 |
| Subtotal | $ 16,732 | $ 17,333 | $ 16,671 | $ 17,250 |
| Equity securities | $ 7,536 | $ 11,115 | $ 10,040 | $ 12,641 |
| Real estate and real estate investment trusts | $ 83 | $ 91 | $ 97 | $ 93 |
| Insurance contracts and other investments | $ 38 | $ 23 | $ 74 | $ 59 |
| Total ( This includes securities on loan at September 30, 2004, and September 30, 2003, with a market value of $622 million and $213 million, respectively.) | $ 24,389 | $ 28,562 | $ 26,972 | $ 30,043 |
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