Unum 2011 Annual Report Download - page 115

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Unum 2011 Annual Report
Unum
2011
113
Transfers of assets between Level 1 and Level 2 are as follows:
Year Ended December 31
2011 2010
Transfers into
Level 1 from Level 2 from Level 1 from Level 2 from
(in millions of dollars) Level 2 Level 1 Level 2 Level 1
Fixed Maturity Securities
United States Government and Government
Agencies and Authorities $ 169.8 $ — $ 95.9 $ —
States, Municipalities, and Political Subdivisions 47.7 274.9 36.2 33.7
Foreign Governments — 0.7 0.7 —
Public Utilities 362.1 534.2 483.2 673.6
All Other Corporate Bonds 1,426.5 2,452.7 1,940.1 1,676.6
Redeemable Preferred Stocks — — — 5.5
Total Fixed Maturity Securities $2,006.1 $3,262.5 $2,556.1 $2,389.4
Transfers between Level 1 and Level 2 occurred due to the change in availability of either a TRACE or broker market maker price.
Depending on current market conditions, the availability of these Level 1 prices can vary from period to period. For fair value
measurements of financial instruments that were transferred either into or out of Level 1 or 2, we reflect the transfers using the fair
value at the beginning of the period.