Assurant 2012 Annual Report Download - page 127

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ASSURANT, INC.2012 Form10-K F-51
20 Retirement and Other Employee Bene ts
e fair value hierarchy for the Company’s quali ed pension plan and other post retirement bene t plan assets at December31, 2011 by asset
category, is as follows:
Quali ed Pension Bene ts
Financial Assets
December31, 2011
Total Level 1 Level 2 Level 3
Cash and cash equivalents:
Short-term investment funds $ 20,235 $ 0 $ 20,235 $ 0
Equity securities:
Common stock- U.S. listed small cap 46,983 46,983 0 0
Mutual funds- U.S. listed large cap 142,337 142,337 0 0
Common/collective trust- foreign listed 45,466 0 45,466 0
Fixed maturity securities:
U.S.& foreign government and government agencies and authorities 90,872 0 90,872 0
Corporate- U.S& foreign investment grade 177,043 0 177,043 0
Corporate- U.S& foreign high yield 35,924 0 35,924 0
Investment fund:
Multi-strategy hedge fund 43,200 0 0 43,200
Private equity 144 0 0 144
Derivatives:
Interest rate swap 16,089 0 16,089 0
TOTAL FINANCIAL ASSETS $ 618,2931 $ 189,320 $ 385,629 $ 43,344
(1) The difference between the fair value of plan assets above and the amount used in determining the funded status is due to interest receivable which is not required to be included in
the fair value hierarchy.
Retirement Health Bene ts
Financial Assets
December31, 2011
Total Level 1 Level 2 Level 3
Cash and cash equivalents:
Short-term investment funds $ 1,415 $ 0 $ 1,415 $ 0
Equity securities:
Common stock- U.S. listed small cap 3,286 3,286 0 0
Mutual funds- U.S. listed large cap 9,953 9,953 0 0
Common/collective trust- foreign listed 3,179 0 3,179 0
Fixed maturity securities:
U.S.& foreign government and government agencies and authorities 6,355 0 6,355 0
Corporate- U.S& foreign investment grade 12,380 0 12,380 0
Corporate- U.S& foreign high yield 2,512 0 2,512 0
Investment fund:
Multi-strategy hedge fund 3,021 0 0 3,021
Private equity 10 0 0 10
Derivatives:
Interest rate swap 1,125 0 1,125 0
TOTAL FINANCIAL ASSETS $ 43,2361 $ 13,239 $ 26,966 $ 3,031
(1) The difference between the fair value of plan assets above and the amount used in determining the funded status is due to interest receivable which is not required to be included in
the fair value hierarchy.
e following table for the Company’s quali ed pension plan and retirement health bene t plan summarizes the change in fair value associated
with the MIMSF and PEP XI, the only Level 3  nancial assets.
Pension Bene t Retirement
Health Bene t
Beginning balance at December31, 2011 $ 43,344 $ 3,031
Actual return on plan assets and plan expenses 11,054 491
ENDING BALANCE AT DECEMBER31, 2012 $ 54,398 $ 3,522