The Hartford 2013 Annual Report Download - page 231

F-95
The fair value of the Company’s other postretirement plan assets by asset category are as follows:
Other Postretirement Plan Assets
at Fair Value as of December 31, 2013
Asset Category Level 1 Level 2 Level 3 Total
Short-term investments $ — $ 10 $ — $ 10
Fixed Income Securities:
Corporate — 55 — 55
RMBS — 19 — 19
U.S. Treasuries — 38 — 38
Foreign government — 1 — 1
CMBS — 24 — 24
Other fixed income — 4 — 4
Equity Securities:
Large-cap — 66 — 66
Total other postretirement plan assets at fair value [1] $ — $ 217 $ — $ 217
[1] Excludes approximately $5 of investment payables net of investment receivables that are not carried at fair value and
approximately $1 of interest receivable carried at fair value.
The fair value of the Company’s other postretirement plan assets by asset category are as follows:
Other Postretirement Plan Assets
at Fair Value as of December 31, 2012
Asset Category Level 1 Level 2 Level 3 Total
Short-term investments $ — $ 14 $ — $ 14
Fixed Income Securities:
Corporate — 65 — 65
RMBS — 46 — 46
U.S. Treasuries — 24 — 24
Foreign government — 1 — 1
CMBS — 24 — 24
Other fixed income — 5 — 5
Equity Securities:
Large-cap — 50 — 50
Total other postretirement plan assets at fair value [1] $ — $ 229 $ — $ 229
[1] Excludes approximately $10 of investment payables net of investment receivables that are not carried at fair value and
approximately $1 of interest receivable carried at fair value.
There was no Company common stock included in the other postretirement benefit plan assets as of December 31, 2013 and 2012.
Concentration of Risk
In order to minimize risk, the Plan maintains a listing of permissible and prohibited investments. In addition, the Plan has certain concentration
limits and investment quality requirements imposed on permissible investment options. Permissible investments include U.S. equity,
international equity, alternative asset and fixed income investments including derivative instruments. Derivative instruments include future
contracts, options, swaps, currency forwards, caps or floors and will be used to control risk or enhance return but will not be used for
leverage purposes.
Securities specifically prohibited from purchase include, but are not limited to: shares or fixed income instruments issued by The Hartford,
short sales of any type within long-only portfolios, non-derivative securities involving the use of margin, leveraged floaters and inverse
floaters, including money market obligations, natural resource real properties such as oil, gas or timber and precious metals.
Other than U.S. government and certain U.S. government agencies backed by the full faith and credit of the U.S. government, the Plan does
not have any material exposure to any concentration risk of a single issuer.
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
18. Employee Benefit Plans (continued)