The Hartford 2013 Annual Report Download - page 164

F-28
December 31, 2013
Total
Quoted Prices in
Active Markets
for Identical
Assets
(Level 1)
Significant
Observable
Inputs
(Level 2)
Significant
Unobservable
Inputs
(Level 3)
Assets accounted for at fair value on a recurring basis
Fixed maturities, AFS
ABS $ 2,365 $ — $ 2,218 $ 147
CDOs 2,387 — 1,723 664
CMBS 4,446 — 3,783 663
Corporate 28,490 — 27,216 1,274
Foreign government/government agencies 4,104 — 4,039 65
States, municipalities and political subdivisions (“Municipal”) 12,173 — 12,104 69
RMBS 4,647 — 3,375 1,272
U.S. Treasuries 3,745 1,311 2,434 —
Total fixed maturities 62,357 1,311 56,892 4,154
Fixed maturities, FVO 844 — 651 193
Equity securities, trading 19,745 12 19,733 —
Equity securities, AFS 868 454 337 77
Derivative assets
Credit derivatives 25 — 20 5
Equity derivatives — — — —
Foreign exchange derivatives 14 — 14 —
Interest rate derivatives (21) — (63) 42
U.S. GMWB hedging instruments 26 — (42) 68
U.S. macro hedge program 109 — — 109
International program hedging instruments 272 — 241 31
Other derivative contracts 17 — — 17
Total derivative assets [1] 442 — 170 272
Short-term investments 4,008 427 3,581 —
Limited partnerships and other alternative investments [2] 921 — 813 108
Reinsurance recoverable for U.S. GMWB 29 — — 29
Modified coinsurance reinsurance contracts 67 — 67 —
Separate account assets [3] 138,495 99,930 37,828 737
Total assets accounted for at fair value on a recurring basis $ 227,776 $ 102,134 $ 120,072 $ 5,570
Percentage of level to total 100% 45% 53% 2%
Liabilities accounted for at fair value on a recurring basis
Other policyholder funds and benefits payable
U.S guaranteed withdrawal benefits $ (36) $ — $ — $ (36)
International guaranteed withdrawal benefits 3 — — 3
International other guaranteed living benefits 3 — — 3
Equity linked notes (18) — — (18)
Total other policyholder funds and benefits payable (48) — — (48)
Derivative liabilities
Credit derivatives (12) — (9) (3)
Equity derivatives 19 — 16 3
Foreign exchange derivatives (388) — (388) —
Interest rate derivatives (582) — (558) (24)
U.S. GMWB hedging instruments 15 — (63) 78
U.S. macro hedge program 30 — — 30
International program hedging instruments (305) — (245) (60)
Total derivative liabilities [4] (1,223) — (1,247) 24
Consumer notes [5] (2) — — (2)
Total liabilities accounted for at fair value on a recurring basis $ (1,273) $ — $ (1,247) $ (26)
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
5. Fair Value Measurements (continued)