Unum 2009 Annual Report Download - page 133

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131
Unum 2009 Annual Report
The categorization of fair value measurements by input level for the invested assets in our U.S. pension plans is as follows:
December 31, 2009
Quoted Prices
in Active Markets Significant Other Significant
for Identical Assets Observable Unobservable
or Liabilities Inputs Inputs
(in millions of dollars) (Level 1) (Level 2) (Level 3) Total
Invested Assets
Equity Securities:
U.S. Large Cap $ — $198.4 $ — $198.4
U.S. Mid Cap — 82.1 — 82.1
U.S. Small Cap 76.0 65.7 — 141.7
International — 125.9 — 125.9
Emerging Markets — 41.0 — 41.0
Fixed Income Securities:
U.S. Government 68.1 — — 68.1
Corporate 56.1 119.6 — 175.7
Alternative Investments:
Private Equity Funds of Funds — — 8.2 8.2
Hedge Funds of Funds — — 37.8 37.8
Cash Equivalents 6.9 — — 6.9
Total $207.1 $632.7 $46.0 $885.8
Level 1 equity and fixed income securities consist of individual holdings and funds that are valued based on unadjusted quoted prices
from active markets for identical securities. Level 2 equity and fixed income securities consist of funds that are valued based on the net
asset value (NAV) of the underlying holdings.
Alternative investments are valued based on the NAV of the underlying holdings in a period ranging from one month to one quarter
in arrears. We evaluate the need for adjustments to the NAV based on market conditions and discussions with fund managers in the period
subsequent to the valuation date and prior to issuance of the financial statements. We made no adjustments to the NAV for 2009.