Assurant 2014 Annual Report Download - page 144

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ASSURANT, INC. – 2014 Form 10-KF-56
21 Retirement and Other Employee Benefi ts
The fair value hierarchy for the Company’s qualifi ed pension plan and other post retirement benefi t plan assets at
December 31, 2014 by asset category, is as follows:
Qualifi ed Pension Benefi ts
Financial Assets
December 31, 2014
Total
Level 1 Level 2 Level 3
Cash and cash equivalents:
Short-term investment funds $ 41,165 $ — $ 41,165 $ —
Equity securities:
Common stock- U.S. listed small cap 63,761 63,761 — —
Preferred stock 4,209 4,209 — —
Mutual funds- U.S. listed large cap 191,240 191,240 — —
Common/collective trust- foreign listed 59,249 — 59,249 —
Fixed maturity securities:
U.S. & foreign government and government agencies and authorities 121,694 — 121,694 —
Corporate- U.S. & foreign investment grade 226,078 — 226,078 —
Corporate- U.S. & foreign high yield 55,759 — 55,759 —
Investment fund:
Multi-strategy hedge fund 63,132 — — 63,132
Commingled real estate fund 43,471 — 43,471 —
Private equity fund 4,614 — — 4,614
Derivatives:
Interest rate swap 14,242 — 14,242 —
TOTAL FINANCIAL ASSETS $ 888,614(1) $ 259,210 $ 561,658 $ 67,746
(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 Benefi ts
Financial Assets
December 31, 2014
Total Level 1 Level 2 Level 3
Cash and cash equivalents:
Short-term investment funds $ 2,344 $ — $ 2,344 $ —
Equity securities:
Common stock- U.S. listed small cap 3,631 3,631 — —
Preferred stock 240 240 — —
Mutual funds- U.S. listed large cap 10,890 10,890 — —
Common/collective trust- foreign listed 3,374 — 3,374 —
Fixed maturity securities:
U.S. & foreign government and government agencies and authorities 6,930 — 6,930 —
Corporate- U.S. & foreign investment grade 12,874 — 12,874 —
Corporate- U.S. & foreign high yield 3,175 — 3,175 —
Investment fund:
Multi-strategy hedge fund 3,595 — — 3,595
Commingled real estate fund 2,476 — 2,476 —
Private equity fund 263 — — 263
Derivatives:
Interest rate swap 811 — 811 —
TOTAL FINANCIAL ASSETS $ 50,603(1) $ 14,761 $ 31,984 $ 3,858
(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.