Allstate 2015 Annual Report Download - page 257

The Allstate Corporation 2015 Annual Report 251
The fair values of pension plan assets are estimated using the same methodologies and inputs as those used to
determine the fair values for the respective asset category of the Company. These methodologies and inputs are disclosed
in Note6.
The following table presents the rollforward of Level3 plan assets for the year ended December31, 2015.
($ in millions) Actual return on plan
assets:
Balance as of
December 31,
2014
Relating
to assets
sold during
the period
Relating to
assets still
held at the
reporting
date
Purchases,
sales and
settlements,
net
Net
transfers in
and/or (out)
of Level 3
Balance as of
December 31,
2015
Equity securities $ 75 $ 1 $ (5) $ 29 $ — $ 100
Fixed income securities:
Municipal 14 — — (7) — 7
Corporate 12 — — — (2) 10
Limited partnership interests:
Real estate funds 154 — (12) (38) — 104
Private equity funds 218 — (8) 27 — 237
Hedge funds 32 — 1 — — 33
Total Level 3 plan assets $ 505 $ 1 $ (24) $ 11 $ (2) $ 491
The following table presents the rollforward of Level3 plan assets for the year ended December31, 2014.
($ in millions) Actual return on plan
assets:
Balance as of
December 31,
2013
Relating
to assets
sold during
the period
Relating to
assets still
held at the
reporting
date
Purchases,
sales and
settlements,
net
Net
transfers in
and/or (out)
of Level 3
Balance as of
December 31,
2014
Equity securities $ 237 $ 2 $ 2 $ (166)$ — $ 75
Fixed income securities:
Municipal 18 — — (4)— 14
Corporate 18 — — (6)— 12
Limited partnership interests:
Real estate funds 197 (3)6 (46)— 154
Private equity funds 211 (4)4 7 — 218
Hedge funds 9 — — 23 — 32
Total Level 3 plan assets $ 690 $ (5)$ 12 $ (192)$ — $ 505
The following table presents the rollforward of Level3 plan assets for the year ended December31, 2013.
($ in millions) Actual return on plan
assets:
Balance as of
December 31,
2012
Relating
to assets
sold during
the period
Relating to
assets still
held at the
reporting
date
Purchases,
sales and
settlements,
net
Net
transfers in
and/or (out)
of Level 3
Balance as of
December 31,
2013
Equity securities $ 314 $ 3 $ 18 $ (98) $ — $ 237
Fixed income securities:
Municipal 129 7 1 (119) — 18
Corporate 10 5 — 3 — 18
Limited partnership interests:
Real estate funds 214 — 11 (28) — 197
Private equity funds 199 — (2) 14 — 211
Hedge funds 80 — — (71) — 9
Total Level 3 plan assets $ 946 $ 15 $ 28 $ (299) $ — $ 690