NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued Unum Group and Subsidiaries Note 2 - Fair Values of Financial Instruments - Continued The following tables present information about financial instruments measured at fair value on a recurring basis by fair value level, based on the observability of the inputs used: 128 December 31, 2019 Level 1 Level 2 Level 3 NAV Total (in millions of dollars) Assets Fixed Maturity Securities United States Government and Government Agencies and Authorities $ 412.8  $ 988.9  $ —  $ —  $ 1,401.7  States, Municipalities, and Political Subdivisions —  3,321.6  41.8  —  3,363.4  Foreign Governments —  995.9  21.8  —  1,017.7  Public Utilities 171.1  7,546.5  14.6  —  7,732.2  Mortgage/Asset-Backed Securities —  1,444.6  34.1  —  1,478.7  All Other Corporate Bonds 4,114.4  27,695.5  600.5  —  32,410.4  Redeemable Preferred Stocks —  39.6  —  —  39.6  Total Fixed Maturity Securities 4,698.3  42,032.6  712.8  —  47,443.7  Other Long-term Investments Derivatives Foreign Exchange Contracts —  27.0  —  —  27.0  Credit Default Swaps —  0.5  —  —  0.5  Total Derivatives —  27.5  —  —  27.5  Equity Securities —  28.0  4.6  —  32.6  Private Equity Partnerships —  —  —  616.7  616.7  Total Other Long-term Investments —  55.5  4.6  616.7  676.8  Total Financial Instrument Assets Carried at Fair Value $ 4,698.3  $ 42,088.1  $ 717.4  $ 616.7  $ 48,120.5  Liabilities Other Liabilities Derivatives Interest Rate Swaps $ —  $ 0.6  $ —  $ —  $ 0.6  Foreign Exchange Contracts —  34.0  —  —  34.0  Embedded Derivative in Modified Coinsurance Arrangement —  —  22.8  —  22.8  Total Derivatives —  34.6  22.8  —  57.4  Total Financial Instrument Liabilities Carried at Fair Value $ —  $ 34.6  $ 22.8  $ —  $ 57.4 