Aetna 2015 Annual Report Download - page 120

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Annual Report- Page 114
The changes in the balances of Level 3 financial assets during 2015 were as follows:
(Millions) Foreign
Securities
U.S.
corporate
securities
Other
asset-
backed
securities Other Total
Beginning balance $ 31.6 $ 58.2 $ 41.5 $ 30.9 $ 162.2
Net realized and unrealized capital gains (losses):
Included in earnings .1 (6.4) — .1 (6.2)
Included in other comprehensive income — 1.8 (.6) 3.1 4.3
Other (1) (.3) (.3) (.1) (3.0) (3.7)
Purchases — 11.3 17.0 9.2 37.5
Sales (5.4) (.4) — (.4) (6.2)
Settlements (1.2) (.3) (1.6) (7.2) (10.3)
Transfers out of Level 3, net — — (56.2) (6.8) (63.0)
Ending balance $ 24.8 $ 63.9 $ — $ 25.9 $ 114.6
(1) Reflects realized and unrealized capital gains and losses on investments supporting our experience-rated and discontinued products,
which do not impact our operating results.
The changes in the balances of Level 3 financial assets during 2014 were as follows:
(Millions) Foreign
Securities
U.S.
corporate
securities Equity
Securities Other Total
Beginning balance $ 43.9 $ 31.2 $ 44.2 $ 45.2 $ 164.5
Net realized and unrealized capital gains (losses):
Included in earnings (.5) (4.0) (.1) (.1) (4.7)
Included in other comprehensive income .5 (2.0) (26.0) .1 (27.4)
Other (1) .4 (.4) 4.3 — 4.3
Purchases 10.5 42.9 5.0 16.6 75.0
Sales (12.4) (1.5) (9.2) — (23.1)
Settlements (1.1) (2.3) (.1) (7.5) (11.0)
Transfers out of Level 3, net (9.7) (5.7) — — (15.4)
Ending balance $ 31.6 $ 58.2 $ 18.1 $ 54.3 $ 162.2
(1) Reflects realized and unrealized capital gains and losses on investments supporting our experience-rated and discontinued products,
which do not impact our operating results.
The total gross transfers into (out of) Level 3 during the years ended December 31, 2015 and 2014 were as follows:
(Millions) 2015 2014
Gross transfers into Level 3 $ .9 $ 1.9
Gross transfers out of Level 3 (63.9) (17.3)
Net transfers out of Level 3 $ (63.0) $ (15.4)
Gross transfers out of Level 3 during 2015 primarily related to other asset-backed securities. Gross transfers out of
Level 3 during 2014 primarily related to foreign debt securities and U.S. corporate securities.