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ASSURANT, INC.2012 Form10-KF-28
6 Premiums and Accounts Receivable
e following table discloses the carrying value and fair value of the  nancial instruments that are not recognized or are not carried at fair value
in the consolidated balance sheets as of December31, 2012 and 2011.
Carrying Value
December31, 2012
Fair Value
Total Level 1 Level 2 Level 3
Financial Assets
Commercial mortgage loans on real estate $ 1,311,682 $ 1,468,723 $ 0 $ 0 $ 1,468,723
Policy loans 52,938 52,938 52,938 0 0
TOTAL FINANCIAL ASSETS $ 1,364,620 $ 1,521,661 $ 52,938 $ 0 $ 1,468,723
Financial Liabilities
Policy reserves under investment products
(Individual and group annuities, subject todiscretionary
withdrawal) $ 862,398 $ 902,449 $ 0 $ 0 $ 902,449
Funds withheld under reinsurance 61,413 61,413 61,413 0 0
Debt 972,399 1,050,920 0 1,050,920 0
Obligation under securities agreements 94,714 94,714 94,714 0 0
TOTAL FINANCIAL LIABILITIES $ 1,990,924 $ 2,109,496 $ 156,127 $ 1,050,920 $ 902,449
Carrying Value
December31, 2011
Fair Value
Total Level 1 Level 2 Level 3
Financial Assets     
Commercial mortgage loans on real estate $ 1,309,687 $ 1,439,753 $ 0 $ 0 $ 1,439,753
Policy loans 54,192 54,192 54,192 0 0
TOTAL FINANCIAL ASSETS $ 1,363,879 $ 1,493,945 $ 54,192 $ 0 $ 1,439,753
Financial Liabilities
Policy reserves under investment products
(Individual and group annuities, subject todiscretionary
withdrawal) $ 865,021 $ 864,068 $ 0 $ 0 $ 864,068
Funds withheld under reinsurance 64,413 64,413 64,413 0 0
Debt 972,278 1,016,562 0 1,016,562 0
Obligation under securities agreements 95,494 95,494 95,494 0 0
TOTAL FINANCIAL LIABILITIES $ 1,997,206 $ 2,040,537 $ 159,907 $ 1,016,562 $ 864,068
Only the fair value of the Company’s policy reserves for investment-type contracts (those without signi cant mortality or morbidity risk) are
re ected in the table above.
6. Premiums and Accounts Receivable
Receivables are reported net of an allowance for uncollectible amounts. A summary of such receivables is as follows:
As of December31,
2012 2011
Insurance premiums receivable $ 718,148 $ 549,301
Other receivables 143,250 127,528
Allowance for uncollectible amounts (31,371) (27,707)
TOTAL $ 830,027 $ 649,122