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Fiscal Year 20Y2 Audit Materiality (in millions)

Materiality	Performance Materiality
$150	$105

Question	Response
Whats wrong with fair value of company s investment
What are the wrong or problems on the investment?
Possibility on risk assessment?

o 0 Figure 2. Fair value (FV) footnote as of September 30, 20Y2 (in millions). This is a partial FV footnote disclosure that excludes other assets, derivatives, and liabilities and shows only the amounts related to the investment portfolio. Description Level 1 Level 2 Level 3 Total Debt securities U.S. treasury $ 695 $ 40 $0 $ 735 Agency 6,076 6,076 Residential mortgage-backed 0 874 874 Mortgage-backed 0 306 306 Asset-backed 710 710 Corporate debt 1,575 1.575 Total debt securities $ 695 $9,581 $10.276 Equity securities 349 Total debt and equity $1,044 $9.581 $0 $10.625 securities The classification of investment types by level as of September 30, 20Y2, is consistent with the classifications as of December 31, 20Y1 (e.g., agency securities were classified as Level 2 as of September 30, 20Y2, and December 31, 20Y1). 0 0 0 349 o 0 Figure 2. Fair value (FV) footnote as of September 30, 20Y2 (in millions). This is a partial FV footnote disclosure that excludes other assets, derivatives, and liabilities and shows only the amounts related to the investment portfolio. Description Level 1 Level 2 Level 3 Total Debt securities U.S. treasury $ 695 $ 40 $0 $ 735 Agency 6,076 6,076 Residential mortgage-backed 0 874 874 Mortgage-backed 0 306 306 Asset-backed 710 710 Corporate debt 1,575 1.575 Total debt securities $ 695 $9,581 $10.276 Equity securities 349 Total debt and equity $1,044 $9.581 $0 $10.625 securities The classification of investment types by level as of September 30, 20Y2, is consistent with the classifications as of December 31, 20Y1 (e.g., agency securities were classified as Level 2 as of September 30, 20Y2, and December 31, 20Y1). 0 0 0 349

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