ALLSTATE CORP | 2013 | FY | 3

($ in millions)
   2013   2012   2011  

Fixed income securities

   $ 2,921   $ 3,234   $ 3,484  

Equity securities

     149     127     122  

Mortgage loans

     372     374     359  

Limited partnership interests (1)

     541     348     88  

Short-term investments

     5     6     6  

Other

     161     132     95  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Investment income, before expense

     4,149     4,221     4,154  

Investment expense

     (206 )   (211 )   (183 )
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Net investment income

   $ 3,943   $ 4,010   $ 3,971  
               
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
               
(1)
Income from EMA limited partnerships is reported in net investment income in 2013 and 2012 and realized capital gains and losses in 2011.

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