Assurant 2011 Annual Report Download - page 128

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ASSURANT, INC.2011 Form10-KF-52
21 Retirement and Other Employee Bene ts
e fair value hierarchy for the Company’s quali ed pension plan and other post retirement bene t plan assets at December31, 2010 by asset
category, is as follows:
Quali ed Pension Bene ts
Financial Assets
December31, 2010
Total Level 1 Level 2 Level 3
Cash and cash equivalents:
Short-term investment funds $ 9,071 $ — $ 9,071 $ —
Equity securities:
Common stock- U.S. listed small cap 42,619 42,619 — —
Mutual funds- U.S. listed large cap 139,731 139,731 — —
Common/collective trust- foreign listed 50,130 — 50,130 —
Fixed maturity securities:
U.S.& foreign government and government agencies and authorities 66,390 — 66,390 —
Corporate- U.S& foreign investment grade 152,306 — 152,306 —
Corporate- U.S& foreign high yield 29,686 — 29,686 —
Investment fund:
Multi-strategy hedge fund 38,738 — — 38,738
Derivatives:
Interest rate swap 1,522 — 1,522 —
TOTAL FINANCIAL ASSETS $ 530,1931 $ 182,350 $ 309,105 $ 38,738
(1) The difference between the fair value of plan assets above and the amount used in determining the funded status is due to interest receivable which is not required to be included in
the fair value hierarchy.
Retirement Health Bene ts
Financial Assets
December31, 2010
Total Level 1 Level 2 Level 3
Cash and cash equivalents:
Short-term investment funds $ 674 $ — $ 674 $ —
Equity securities:
Common stock- U.S. listed small cap 3,166 3,166 — —
Mutual funds- U.S. listed large cap 10,381 10,381 — —
Common/collective trust- foreign listed 3,724 — 3,724 —
Fixed maturity securities:
U.S.& foreign government and government agencies and authorities 4,932 — 4,932 —
Corporate- U.S& foreign investment grade 11,316 — 11,316 —
Corporate- U.S& foreign high yield 2,206 — 2,206 —
Investment fund:
Multi-strategy hedge fund 2,878 — — 2,878
Derivatives:
Interest rate swap 113 — 113 —
TOTAL FINANCIAL ASSETS $ 39,3901 $ 13,547 $ 22,965 $ 2,878
(1) The difference between the fair value of plan assets above and the amount used in determining the funded status is due to interest receivable which is not required to be included in
the fair value hierarchy.
e following table for the Company’s quali ed pension plan and retirement health bene t plan summarizes the change in fair value associated
with the MIMSF, the only Level 3  nancial asset.
Pension Bene t
Retirement
Health Bene t
Beginning balance at December31, 2010 $ 38,738 $ 2,878
Actual return on plan assets and plan expenses 4,462 143
ENDING BALANCE AT DECEMBER31, 2011 $ 43,200 $ 3,021