Question

For the investments in equity securities held as of March 31, 2018, have they increased or decreased in value since they were originally purchased? By how much? During Q1 (Jan 1 - March 31) did the portfolio of equity securities increase or decrease in value? By how much?

Testament of prior year financial statements and for periods ending prior to 2018, unrealized gains and losses from the changes in fair value of available for sale equity securities were recorded in other comprehensive income Note 5. Investments in equity securities in full) Investments in equity securities as of March 31, 2018 and December 31, 2017 are summarised based on the primary industry of the investee in the table below (in millions) Net Unrealized Fair Cost Basis Griss Value March 31, 2018 Banks, insurance and finance $ 25,986 3 50,091 376,077 Consumer products 38,130 23,864 61,994 Commercial, industrial and other 21,714 13,191 34,905 $ 85,830 $ 87,146 $172,976 Approximately 68% of the aggregate fair value was concentrated in five companies (American Express Company - $12 billion Apple Inc. - $40.7billion Bank of America Corporation - $2.0 billion, The Coca-Cola Company - $17.4 billion and Wells Fargo & Company - $35.2 billion) Net Unrealized Fair Cost Basis Cains Value December 31, 2017 Banks, insurance and finance $ 25,783 $ 55,026 $ 80,809 Consumer products 25.177 25,698 50,875 Commercial, industrial and other 23,716 15,140 38,856 $ 74,676 $ 95864 3170,540 Approximately 63% of the aggregate fair value was concentrated in five companies (American Express Company - $13.2 billion. Apple Inc. - $18.2 billion, Bank of America Corporation - $20.7 billion. The Coca-Cola Company - $18.4 billion and Wells Fargo & Company -$29.3 billion). Investments in equity securities are reflected in our Consolidated Balance Sheets as follows (in millions) March 31, 2018 December 31, 2017 Insurance and other 5 Railroad utilities and energy Finance and financial products $ 166,658 1.755 4,563 164,026 1.961 4,553 $ 172,976 $ 170.540 * Bcluded in other assets.

Answer 1

Original value of Securities (Cost)	$    85,830	A
Fair value as on March 31, 2018	$ 172,976	B
Increase in value	$   87,146	B - A

Fair value as on March 31, 2018	$ 172,976	A
Fair value as on December 31, 2018	$ 170,540	B
Increase in value	$      2,436	A - B