The Hartford 2013 Annual Report Download - page 230

F-94
The tables below provide a fair value level 3 rollforward for the years ended December 31, 2013 and 2012 for the Pension Plan Assets for
which significant unobservable inputs (Level 3) are used in the fair value measurement on a recurring basis. The Plan classifies the fair
value of financial instruments within Level 3 if there are no observable markets for the instruments or, in the absence of active markets, if
one or more of the significant inputs used to determine fair value are based on the Plan’s own assumptions. Therefore, the gains and losses
in the tables below include changes in fair value due to both observable and unobservable factors.
Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets Corporate RMBS Foreign government Other fixed income Hedge funds Totals
Fair Value as of January 1, 2013 $ 3 $ 3 $ 2 $ 9 $ 263 $ 280
Realized gains/(losses), net — — — — (6)(6)
Changes in unrealized gains/(losses), net — — — (1) 2 1
Purchases 12 — 2 10 200 224
Sales (3) (1) — (3)(79)(86)
Transfers into Level 3 — — — 1 36 37
Transfers out of Level 3 — — — (4)(55)(59)
Fair Value as of December 31, 2013 $ 12 $ 2 $ 4 $ 12 $ 361 $ 391
During the year ended December 31, 2013, transfers in and/or (out) of Level 3 are primarily attributable to the availability of market
observable information and the re-evaluation of the observability of pricing inputs.
Pension Plan Asset Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Assets Corporate RMBS Foreign government Other fixed income Hedge funds Totals
Fair Value as of January 1, 2012 $ 3 $ 11 $ 3 $ 4 $ 759 $ 780
Realized gains/(losses), net — (1) — — 17 16
Changes in unrealized gains/(losses), net 1 1 — — (2) —
Purchases 1 17 1 10 267 296
Sales (2) (25)(2)(1)(106)(136)
Transfers into Level 3 — — — 3 — 3
Transfers out of Level 3 — — — (7)(672)(679)
Fair Value as of December 31, 2012 $ 3 $ 3 $ 2 $ 9 $ 263 $ 280
During the year ended December 31, 2012, transfers in and/or (out) of Level 3 are primarily attributable to the availability of market
observable information and the re-evaluation of the observability of pricing inputs. There was no Company common stock included in the
Plan’s assets as of December 31, 2013 and 2012.
Table of Contents THE HARTFORD FINANCIAL SERVICES GROUP, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)
18. Employee Benefit Plans (continued)