Assurant 2015 Annual Report Download - page 113
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ASSURANT, INC. – 2015 Form 10-K F-27
6 Fair Value Disclosures
The following tables present the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring
basis as of December 31, 2015 and 2014� The amounts presented below for Collateral held/pledged under securities agreements,
Other investments, Cash equivalents, Other assets, Assets and Liabilities held in separate accounts and Other liabilities
differ from the amounts presented in the consolidated balance sheets because only certain investments or certain assets and
liabilities within these line items are measured at estimated fair value� Other investments are comprised of investments in
the Assurant Investment Plan, American Security Insurance Company Investment Plan, Assurant Deferred Compensation Plan,
a modied coinsurance arrangement and other derivatives. Other liabilities are comprised of investments in the Assurant
Investment Plan and other derivatives. The fair value amount and the majority of the associated levels presented for Other
investments and Assets and Liabilities held in separate accounts are received directly from third parties�
Financial Assets
December 31, 2015
Total Level 1 Level 2 Level 3
Fixed maturity securities:
United States Government and government agencies and authorities $ 154,035 $ —$ 154,035 $ —
State, municipalities and political subdivisions 695,630 —695,630 —
Foreign governments 562,250 944 561,306 —
Asset-backed 4,662 —4,662 —
Commercial mortgage-backed 22,521 —22,317 204
Residential mortgage-backed 998,514 —998,514 —
Corporate 7,777,716 —7,714,570 63,146
Equity securities:
Common stocks 19,664 18,981 683 —
Non-redeemable preferred stocks 480,393 —478,143 2,250
Short-term investments 508,950 453,335b55,615c—
Other investments 253,708 62,076a189,407c2,225d
Cash equivalents 908,936 907,248b1,688c—
Other assets 1,320 —886e434e
Assets held in separate accounts 1,750,556 1,570,000a180,556c—
TOTAL FINANCIAL ASSETS $14,138,855 $3,012,584 $11,058,012 $68,259
Financial Liabilities
Other liabilities $ 89,765 $ 62,076a$ 6e$ 27,683e
Liabilities related to separate accounts 1,750,556 1,570,000a180,556c—
TOTAL FINANCIAL LIABILITIES $1,840,321 $1,632,076 $180,562 $27,683