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Investments (Tables)
12 Months Ended
Dec. 31, 2014
Investments [Abstract]  
Amortized Costs And Fair Values Of Fixed Maturity Securities Available-For-Sale
December 31,
2014
AmortizedUnrealizedUnrealizedFair
(In millions)CostGainsLossesValue
Corporate bonds$6,943.8 $367.9 $(39.1)$7,272.6
U.S. government and agency bonds262.0 38.3 (0.2)300.1
U.S. state and political subdivision bonds125.8 10.4 (0.1)136.1
Foreign government bonds58.4 6.5 ---64.9
Total fixed maturity securities$7,390.0 $423.1 $(39.4)$7,773.7

December 31,
2013
AmortizedUnrealizedUnrealizedFair
(In millions)CostGainsLossesValue
Corporate bonds$6,282.1 $339.6 $(76.0)$6,545.7
U.S. government and agency bonds320.8 32.8 (0.4)353.2
U.S. state and political subdivision bonds134.3 6.8 (0.8)140.3
Foreign government bonds58.9 6.6 ---65.5
S&P 500 Index options15.8 ------15.8
Total fixed maturity securities$6,811.9 $385.8 $(77.2)$7,120.5
Schedule Of Contractual Maturities Of Fixed Maturity Securities Available-For-Sale
December 31, 2014December 31, 2013
AmortizedFairAmortizedFair
(In millions)CostValueCostValue
Due in one year or less$649.0 $658.0 $486.2 $495.1
Due after one year through five years3,060.8 3,215.4 2,974.5 3,168.9
Due after five years through ten years2,847.9 2,916.7 2,497.5 2,524.6
Due after ten years832.3 983.6 853.7 931.9
Total fixed maturity securities$7,390.0 $7,773.7 $6,811.9 $7,120.5
Schedule Of Gross Unrealized Losses And Fair Value Of Investments
December 31, 2014
TotalLess than 12 months12 or more months
(Dollars in millions)NumberAmountNumberAmountNumberAmount
Unrealized losses:
Corporate bonds995 $39.1 683 $21.3 312 $17.8
U.S. government and agency bonds5 0.2 ------5 0.2
U.S. state and political subdivision bonds4 0.1 ------4 0.1
Total1,004 $39.4 683 $21.3 321 $18.1
Fair market value of securities with
unrealized losses:
Corporate bonds995 $1,763.2 683 $1,162.2 312 $601.0
U.S. government and agency bonds5 6.4 ------5 6.4
U.S. state and political subdivision bonds4 6.9 ------4 6.9
Total1,004 $1,776.5 683 $1,162.2 321 $614.3

December 31, 2013
TotalLess than 12 months12 or more months
(Dollars in millions)NumberAmountNumberAmountNumberAmount
Unrealized losses:
Corporate bonds908 $76.0 848 $66.3 60 $9.7
U.S. government and agency bonds9 0.4 9 0.4 ------
U.S. state and political subdivision bonds10 0.8 10 0.8 ------
Total927 $77.2 867 $67.5 60 $9.7
Fair market value of securities with
unrealized losses:
Corporate bonds908 $1,663.8 848 $1,557.7 60 $106.1
U.S. government and agency bonds9 16.9 9 16.9 ------
U.S. state and political subdivision bonds10 15.4 10 15.4 ------
Total927 $1,696.1 867 $1,590.0 60 $106.1
Commercial Mortgage Loan Portfolio By Property Type, By Geographic Region Within The U.S. And By U.S. State
December 31, 2014December 31, 2013
(Dollars in millions)AmountPercentAmountPercent
Property type:
Retail$2,627.1 49.4 %$2,629.2 48.6 %
Office1,013.4 19.1 982.4 18.2
Industrial1,001.5 18.8 1,008.7 18.7
Commercial213.6 4.0 218.6 4.0
Hotel/motel165.7 3.1 276.3 5.1
Apartment and other299.8 5.6 289.9 5.4
Total commercial mortgage loans, net$5,321.1 100.0 %$5,405.1 100.0 %
Geographic region*:
Pacific$1,914.6 36.0 %$1,910.1 35.3 %
South Atlantic1,065.5 20.0 1,090.0 20.2
West South Central676.9 12.7 672.8 12.4
Mountain606.5 11.4 611.4 11.3
East North Central466.0 8.8 473.8 8.8
Middle Atlantic215.3 4.0 223.0 4.1
East South Central188.7 3.6 166.6 3.1
West North Central140.1 2.6 186.9 3.5
New England47.5 0.9 70.5 1.3
Total commercial mortgage loans, net$5,321.1 100.0 %$5,405.1 100.0 %
U.S. state:
California$1,434.2 27.0 %$ 1,455.5 26.9 %
Texas623.4 11.7 618.8 11.5
Florida309.4 5.8 331.6 6.1
Georgia306.6 5.8 310.7 5.8
Other states2,647.5 49.7 2,688.5 49.7
Total commercial mortgage loans, net$5,321.1 100.0 %$ 5,405.1 100.0 %

* Geographic regions obtained from the American Council of Life Insurers Mortgage Loan Portfolio Profile.

Changes In Commercial Mortgage Loan Loss Allowance
Years ended
December 31,
(In millions)2014 2013
Commercial mortgage loan loss allowance:
Beginning balance$ 43.6 $ 46.6
Provision 7.1 15.9
Charge-offs, net (10.7) (18.9)
Ending balance$ 40.0 $ 43.6
Specific loan loss allowance$ 23.8 $ 25.9
General loan loss allowance 16.2 17.7
Total commercial mortgage loan loss allowance$ 40.0 $ 43.6
Schedule Of Recorded Investment In Commercial Mortgage Loans
December 31,
(In millions)2014 2013
Commercial mortgage loans collectively evaluated for impairment$ 5,255.2 $ 5,334.4
Commercial mortgage loans individually evaluated for impairment 105.9 114.3
Commercial mortgage loan loss allowance (40.0) (43.6)
Total commercial mortgage loans, net$ 5,321.1 $ 5,405.1
Performing And Nonperforming Commercial Mortgage Loans By Property Type
December 31, 2014
Hotel/Apartment
(In millions)RetailIndustrialOfficeMotelCommercialand OtherTotal
Performing commercial mortgage
loans$2,622.4 $1,001.4 $1,012.7 $165.7 $213.6 $299.1 $5,314.9
Nonperforming commercial
mortgage loans4.7 0.1 0.7 ------0.7 6.2
Total commercial mortgage loans$2,627.1 $1,001.5 $1,013.4 $165.7 $213.6 $299.8 $5,321.1

December 31, 2013
Hotel/Apartment
(In millions)RetailIndustrialOfficeMotelCommercialand OtherTotal
Performing commercial mortgage
loans$2,624.2 $1,004.6 $979.6 $276.3 $218.6 $289.9 $5,393.2
Nonperforming commercial
mortgage loans5.0 4.1 2.8 ---------11.9
Total commercial mortgage loans$2,629.2 $1,008.7 $982.4 $276.3 $218.6 $289.9 $5,405.1
Impaired Commercial Mortgage Loans Identified In Management's Specific Review Of Probable Loan Losses And The Related Allowance
December 31, 2014
UnpaidAmount on
RecordedPrincipalRelated Nonaccrual
(In millions)InvestmentBalanceAllowanceStatus
Impaired commercial mortgage loans:
Without specific loan loss allowances:
Retail$25.0 $25.0 $---$10.5
Office1.6 1.6 ------
Commercial2.3 2.3 ---0.5
Apartment and other2.8 2.8 ------
Total impaired commercial mortgage loans without specific
loan loss allowances31.7 31.7 ---11.0
With specific loan loss allowances:
Retail52.2 52.2 12.3 7.7
Office8.6 8.6 2.9 ---
Industrial4.6 4.6 1.6 0.1
Commercial8.5 8.5 7.0 0.6
Apartment and other0.3 0.3 ------
Total impaired commercial mortgage loans with specific
loan loss allowances74.2 74.2 23.8 8.4
Total impaired commercial mortgage loans$105.9 $105.9 $23.8 $19.4

December 31, 2013
UnpaidAmount on
RecordedPrincipalRelated Nonaccrual
(In millions)InvestmentBalanceAllowanceStatus
Impaired commercial mortgage loans:
Without specific loan loss allowances:
Retail$16.1 $16.1 $---$7.6
Office3.9 3.9 ---1.5
Industrial1.0 1.0 ------
Commercial1.8 1.8 ------
Apartment and other3.8 3.8 ------
Total impaired commercial mortgage loans without specific
loan loss allowances26.6 26.6 ---9.1
With specific loan loss allowances:
Retail58.5 58.5 16.1 21.6
Office9.7 9.7 3.8 0.9
Industrial12.6 12.6 2.4 1.4
Commercial6.0 6.0 3.6 2.5
Apartment and other0.9 0.9 ------
Total impaired commercial mortgage loans with specific
loan loss allowances87.7 87.7 25.9 26.4
Total impaired commercial mortgage loans$114.3 $114.3 $25.9 $35.5
Information Related To Troubled Debt Restructurings Of Financing Receivables
Year ended
December 31, 2014
Pre-Post-
RestructuringRestructuring
Number ofRecordedRecorded
(Dollars in millions) LoansInvestmentInvestment
Troubled debt restructurings:
Retail45 $42.7 $40.9
Office3 1.4 1.2
Industrial4 3.1 3.4
Commercial2 3.0 3.2
Total troubled debt restructurings54 $50.2 $48.7

Year ended
December 31, 2013
Pre-Post-
RestructuringRestructuring
Number ofRecordedRecorded
(Dollars in millions) LoansInvestmentInvestment
Troubled debt restructurings:
Retail16 $20.0 $20.8
Office3 1.6 1.6
Industrial2 2.2 2.3
Commercial1 0.9 0.9
Total troubled debt restructurings22 $24.7 $25.6
Average Recorded Investment In Impaired Commercial Mortgage Loans Before Specific Allowances For Losses
Years ended December 31,
(In millions)2014 2013 2012
Average recorded investment$ 105.6 $ 113.4 $ 101.3
Aging Of Commercial Mortgage Loans By Property Type
December 31, 2014
Total
Greater ThanAllowanceCommercial
30 Days60 Days90 DaysTotalRelatedCurrent,Mortgage
(In millions)Past DuePast DuePast DuePast Dueto Past DueNetLoans
Commercial mortgage loans:
Retail$0.2 $2.0 $4.8 $7.0 $(2.1)$2,622.2 $2,627.1
Office1.9 ---0.8 2.7 ---1,010.7 1,013.4
Industrial0.5 ---0.3 0.8 (0.2)1,000.9 1,001.5
Hotel/motel---------------165.7 165.7
Commercial---------------213.6 213.6
Apartment and other0.2 0.7 ---0.9 ---298.9 299.8
Total commercial mortgage loans$2.8 $2.7 $5.9 $11.4 $(2.3)$5,312.0 $5,321.1

December 31, 2013
Total
Greater ThanAllowanceCommercial
30 Days60 Days90 DaysTotalRelatedCurrent,Mortgage
(In millions)Past DuePast DuePast DuePast Dueto Past DueNetLoans
Commercial mortgage loans:
Retail$2.8 $0.3 $6.1 $9.2 $(1.5)$2,621.5 $2,629.2
Office1.3 ---3.7 5.0 (0.9)978.3 982.4
Industrial---3.3 1.8 5.1 (0.9)1,004.5 1,008.7
Hotel/motel6.3 ------6.3 ---270.0 276.3
Commercial---------------218.6 218.6
Apartment and other---------------289.9 289.9
Total commercial mortgage loans$10.4 $3.6 $11.6 $25.6 $(3.3)$5,382.8 $5,405.1
Net Investment Income Summarized By Investment Type
Years ended
December 31,
(In millions)2014 2013 2012
Fixed maturity securities$ 296.4 $ 303.0 $ 316.8
Commercial mortgage loans 332.1 341.7 331.9
Real estate 1.1 (1.4) (1.0)
S&P 500 Index options 8.6 14.4 7.8
Other 4.5 9.0 8.6
Gross investment income 642.7 666.7 664.1
Investment expenses (22.4) (22.9) (22.3)
Tax-advantaged investment operating losses (19.4) (13.9) (13.3)
Net investment income$ 600.9 $ 629.9 $ 628.5
Schedule Of Gross Capital Gains And Losses By Investment Type
Years ended
December 31,
(In millions)2014 2013 2012
Gains:
Fixed maturity securities$ 5.9 $ 9.8 $ 10.8
Commercial mortgage loans 2.4 2.4 1.5
Real estate 2.0 3.0 1.3
Other --- 0.2 0.6
Gross capital gains 10.3 15.4 14.2
Losses:
Fixed maturity securities (2.8) (2.3) (5.0)
Provision for commercial mortgage loan losses (7.1) (15.9) (13.4)
Real estate (6.4) (9.6)(3.5)
Other (8.0) (3.3) (1.0)
Gross capital losses (24.3) (31.1) (22.9)
Net capital losses$ (14.0)$ (15.7)$ (8.7)