Aetna 2009 Annual Report Download - page 76

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Pension Assets with changes in fair value measured on a recurring basis, asset allocation and the target asset allocation
presented as a percentage of the total plan assets at December 31, 2009 were as follows:
(Millions) Level 1 Level 2 Level 3 Total
Actual
Allocation
Target
Allocation
Debt securities: 20-30%
U.S. government securities 100.6$ 6.7$ -$ 107.3$ 2.5%
States, municipalities and political subdivisions - 26.3 - 26.3 .6%
U.S. corporate securities - 656.6 - 656.6 15.3%
Foreign securities - 72.7 - 72.7 1.7%
Residential mortgage-backed securities - 266.1 - 266.1 6.2%
Commercial mortgage-backed securities - 15.7 - 15.7 .4%
Other asset-backed securities - 37.8 - 37.8 .9%
Redeemable preferred securities - 2.6 - 2.6 .1%
Total debt securities 100.6 1,084.5 - 1,185.1 27.7%
Equity securities and common/collective trusts: 50-60%
U.S. Domestic 1,141.1 - - 1,141.1 26.7%
International 814.3 - - 814.3 19.1%
Common/collective trusts - 593.9 - 593.9 13.9%
Domestic real estate 2.2 - - 2.2 0.0%
Total equity securities and common/collective trusts 1,957.6 593.9 - 2,551.5 59.7%
Other investments: 10-20%
Real estate - - 353.0 353.0 8.3%
Other assets 29.7 1.2 151.4 182.3 4.3%
Total investments
(1)
2,087.9$ 1,679.6$ 504.4$ 4,271.9$ 100.0%
(1) Excludes $123.0 million of cash and cash equivalents and other receivables.
The changes in the balances of Level 3 Pension Assets for the year ended December 31, 2009 were as follows:
Real Estate Other Total
Beginning balance 425.0$ 138.7$ 563.7$
Actual return on plan assets (92.8) 9.4 (83.4)
Purchases, sales and settlements 20.8 4.5 25.3
Transfers into (out of) Level 3
(1)
- (1.2) (1.2)
Ending balance 353.0$ 151.4$ 504.4$
(1) For financial assets that are transferred into (out of) Level 3, we use the fair value of the assets at the end (beginning) of the reporting
period.
The asset allocation for the Aetna Pension Plan, presented as a percentage of total plan assets at December 31, 2008 was
55% for equity securities, 32% for debt securities, and 13% for real estate/other. The target allocation for the pension
plan at December 31, 2008, was 55-75% for equity securities, 10-30% for debt securities and 5-25% for real
estate/other.
The asset allocation of the OPEB plan at the measurement date and the target asset allocation at December 31, 2009 and
2008 presented as a percentage of total plan assets, were as follows:
Target Targ
(Millions) 2009 Allocation 2008 Allocation
Equity securities 8% 5-15% 7% 5-15%
Debt securities 87% 80-90% 87% 80-90%
Real estate/other 5% 0-10% 6% 2-10%
et
Annual Report – Page 70