Aetna 2012 Annual Report Download - page 119
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Annual Report- Page 113
Pension Assets with changes in fair value measured on a recurring basis, asset allocation and the target asset
allocation presented as a percentage of the total plan assets at December 31, 2011 were as follows:
(Millions) Level 1 Level 2 Level 3 Total Actual
Allocation Target
Allocation
Debt securities: 37-43%
U.S. government securities $ 103.6 $ 423.9 $ — $ 527.5 10.3%
States, municipalities and political subdivisions — 102.4 — 102.4 2.0%
U.S. corporate securities — 903.5 .1 903.6 17.6%
Foreign securities — 112.0 — 112.0 2.2%
Residential mortgage-backed securities — 171.9 — 171.9 3.3%
Commercial mortgage-backed securities — 37.0 — 37.0 .7%
Other asset-backed securities — 15.3 .1 15.4 .3%
Redeemable preferred securities — 11.8 — 11.8 .2%
Total debt securities 103.6 1,777.8 .2 1,881.6 36.6%
Equity securities and common/collective trusts: 43-53%
U.S. Domestic 1,174.2 .2 — 1,174.4 22.8%
International 620.4 — — 620.4 12.1%
Common/collective trusts — 774.6 — 774.6 15.1%
Domestic real estate 20.3 — — 20.3 .4%
Total equity securities and common/collective trusts 1,814.9 774.8 — 2,589.7 50.4%
Other investments: 10-14%
Real estate — — 433.2 433.2 8.5%
Other assets — — 232.2 232.2 4.5%
Total pension investments (1) $ 1,918.5 $ 2,552.6 $ 665.6 $ 5,136.7 100.0%
(1) Excludes $160.1 million of cash and cash equivalents and other receivables.
The changes in the balances of Level 3 Pension Assets during 2012 were as follows:
2012
Real Estate Other Total
Beginning balance $ 433.2 $ 232.4 $ 665.6
Actual return on plan assets 47.6 28.3 75.9
Purchases, sales and settlements (11.8) 29.9 18.1
Transfers into Level 3 — .7 .7
Ending balance $ 469.0 $ 291.3 $ 760.3
The changes in the balances of Level 3 Pension Assets during 2011 were as follows:
2011
Real Estate Other Total
Beginning balance $ 395.3 $ 204.3 $ 599.6
Actual return on plan assets 49.4 14.9 64.3
Purchases, sales and settlements (11.5) 13.9 2.4
Transfers out of Level 3 — (.7) (.7)
Ending balance $ 433.2 $ 232.4 $ 665.6