If you take a look at CMBS (Commercial Real-Estate Mortgage Backed Securities) you will see that it doubled from June 30th. It's nearly the same for Residential MBS and other corporate bonds. ... Good point on PRU, MET, HIG, other insurers such as ALL would also be affected. All these companies report two versions of Book Value - GAAP and ExlAOCI (excluding all other comprehensive income). The gap between the two has been narrowing in recent quarters and the 3rd quarter ...