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Fair Value (Tables)

9 Months Ended

Sep. 30, 2015

Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis Abstract

Estimated Fair Value and the Carrying Value of Each Financial Instrument Categorized by Fair Value Hierarcy

				September 30, 2015
				Carrying		Fair
				Value		Value		Level 1		Level 2		Level 3
				(In millions)
Assets:
	Fixed maturity securities:
		Corporate bonds		$	7,217.9	$	7,217.9	$	---	$	7,195.0	$	22.9
		U.S. government and agency bonds			233.1		233.1		---		231.3		1.8
		U.S. state and political subdivision bonds			149.7		149.7		---		149.7		---
		Foreign government bonds			86.2		86.2		---		86.2		---
		Mortgage/asset-backed bonds			266.3		266.3		---		201.5		64.8
			Total fixed maturity securities	$	7,953.2	$	7,953.2	$	---	$	7,863.7	$	89.5
	Commercial mortgage loans, net			$	5,547.3	$	6,006.4	$	---	$	---	$	6,006.4
	S&P 500 Index options				4.7		4.7		---		---		4.7
	Policy loans				1.9		1.9		---		---		1.9
	Separate account assets				6,797.2		6,797.2		6,683.4		113.8		---
Liabilities:
	Other policyholder funds, investment-type
		contracts		$	6,344.5	$	6,492.7	$	---	$	---	$	6,492.7
	Index-based interest guarantees				72.7		72.7		---		---		72.7
	Interest rate swaps				6.6		6.6		---		6.6		---
	Short-term debt				1.2		1.3		---		1.3		---
	Long-term debt				504.8		490.4		---		490.4		---

				December 31, 2014
				Carrying		Fair
				Value		Value		Level 1		Level 2		Level 3
				(In millions)
Assets:
	Fixed maturity securities:
		Corporate bonds		$	7,070.1	$	7,070.1	$	---	$	7,045.2	$	24.9
		U.S. government and agency bonds			258.6		258.6		---		258.6		---
		U.S. state and political subdivision bonds			136.1		136.1		---		136.1		---
		Foreign government bonds			64.9		64.9		---		64.9		---
		Mortgage/asset-backed bonds			244.0		244.0		---		179.9		64.1
			Total fixed maturity securities	$	7,773.7	$	7,773.7	$	---	$	7,684.7	$	89.0
	Commercial mortgage loans, net			$	5,321.1	$	6,021.5	$	---	$	---	$	6,021.5
	S&P 500 Index options				13.6		13.6		---		---		13.6
	Policy loans				2.2		2.2		---		---		2.2
	Separate account assets				7,179.8		7,179.8		7,066.4		113.4		---
Liabilities:
	Other policyholder funds, investment-type
		contracts		$	5,961.1	$	6,232.5	$	---	$	---	$	6,232.5
	Index-based interest guarantees				77.0		77.0		---		---		77.0
	Interest rate swaps				4.7		4.7		---		4.7		---
	Short-term debt				1.1		1.5		---		1.5		---
	Long-term debt				503.9		538.4		---		538.4		---

Valuation Techniques Fair Values Of Assets And Liabilities Measured And Recorded At Fair Value On A Recurring Basis

September 30, 2015

December 31, 2014

Fair

Range

Fair

Range

Valuation Technique

Unobservable Input

Value

of Inputs

Value

of Inputs

(Dollars in millions)

S&P 500 Index options

Black-Scholes option pricing model

Various assumptions

4.7

(a)

13.6

(a)

Index-based interest

Discounted cash

Expected future option

72.7

1% - 3%

77.0

1% - 3%

guarantees

flow

purchase

Various assumptions

(b)

Black-Scholes option pricing model

Various assumptions

(a)

Commercial mortgage loans

Appraisals

Reduction on appraisal

55.8

0% - 8%

56.0

0% - 37%

Cash flows

Capitalization rate (c)

7% - 16%

Real Estate Owned

Appraisals

Reduction on appraisal

3.5

0% - 12%

10.3

0% - 11%

Assets and Liabilities Measured at Fair Value on a Recurring Basis Using Significant Unobservable Level 3 Inputs

		Three Months Ended September 30, 2015
		Assets												Liabilities
				U.S.		U.S. State		Mortgage/						Index-
				Government		and Political		Asset-		S&P 500				Based
		Corporate		and Agency		Subdivision		Backed		Index		Total		Interest
		Bonds		Bonds		Bonds		Bonds		Options		Assets		Guarantees
		(In millions)
Beginning balance		$	23.5	$	1.8	$	---	$	65.3	$	11.0	$	101.6	$	79.0
Total realized/unrealized gains (losses):
	Included in net income		---		---		---		---		(5.4)		(5.4)		(3.8)
	Included in other comprehensive income (loss)		(0.6)		---		---		(0.5)		---		(1.1)		---
Purchases, issuances, sales and settlements:
	Purchases		---		---		---		---		2.0		2.0		---
	Issuances		---		---		---		---		---		---		1.4
	Sales		---		---		---		---		---		---		---
	Settlements		---		---		---		---		(2.9)		(2.9)		(3.9)
Transfers into Level 3			---		---		---		---		---		---		---
Transfers out of Level 3			---		---		---		---		---		---		---
Ending balance		$	22.9	$	1.8	$	---	$	64.8	$	4.7	$	94.2	$	72.7

		Three Months Ended September 30, 2014
		Assets												Liabilities
				U.S.		U.S. State		Mortgage/						Index-
				Government		and Political		Asset-		S&P 500				Based
		Corporate		and Agency		Subdivision		Backed		Index		Total		Interest
		Bonds		Bonds		Bonds		Bonds		Options		Assets		Guarantees
		(In millions)
Beginning balance		$	26.7	$	---	$	---	$	56.6	$	14.4	$	97.7	$	68.3
Total realized/unrealized gains (losses):
	Included in net income		---		---		---		---		0.9		0.9		(0.5)
	Included in other comprehensive income (loss)		(1.6)		---		---		(0.2)		---		(1.8)		---
Purchases, issuances, sales and settlements:
	Purchases		---		---		---		---		2.2		2.2		---
	Issuances		---		---		---		---		---		---		3.4
	Sales		---		---		---		---		---		---		---
	Settlements		---		---		---		---		(4.7)		(4.7)		(1.8)
Transfers into Level 3			---		---		---		---		---		---		---
Transfers out of Level 3			---		---		---		---		---		---		---
Ending balance		$	25.1	$	---	$	---	$	56.4	$	12.8	$	94.3	$	69.4

		Nine Months Ended September 30, 2015
		Assets												Liabilities
				U.S.		U.S. State		Mortgage/						Index-
				Government		and Political		Asset-		S&P 500				Based
		Corporate		and Agency		Subdivision		Backed		Index		Total		Interest
		Bonds		Bonds		Bonds		Bonds		Options		Assets		Guarantees
		(In millions)
Beginning balance		$	24.9	$	---	$	---	$	64.1	$	13.6	$	102.6	$	77.0
Total realized/unrealized gains (losses):
	Included in net income		---		---		---		---		(3.8)		(3.8)		1.6
	Included in other comprehensive income (loss)		(2.3)		---		---		0.3		---		(2.0)		---
Purchases, issuances, sales and settlements:
	Purchases		---		---		---		---		6.2		6.2		---
	Issuances		---		---		---		---		---		---		5.4
	Sales		---		---		---		---		---		---		---
	Settlements		---		---		---		---		(11.3)		(11.3)		(11.3)
Transfers into Level 3			0.8		1.8		1.8		0.4		---		4.8		---
Transfers out of Level 3			(0.5)		---		(1.8)		---		---		(2.3)		---
Ending balance		$	22.9	$	1.8	$	---	$	64.8	$	4.7	$	94.2	$	72.7

		Nine Months Ended September 30, 2014
		Assets												Liabilities
				U.S.		U.S. State		Mortgage/						Index-
				Government		and Political		Asset-		S&P 500				Based
		Corporate		and Agency		Subdivision		Backed		Index		Total		Interest
		Bonds		Bonds		Bonds		Bonds		Options		Assets		Guarantees
		(In millions)
Beginning balance		$	44.7	$	---	$	---	$	71.3	$	15.8	$	131.8	$	67.6
Total realized/unrealized gains (losses):
	Included in net income		---		---		---		---		5.3		5.3		3.5
	Included in other comprehensive income (loss)		(3.3)		---		---		(0.6)		---		(3.9)		---
Purchases, issuances, sales and settlements:
	Purchases		---		---		---		---		6.3		6.3		---
	Issuances		---		---		---		---		---		---		5.2
	Sales		---		---		---		---		---		---		---
	Settlements		---		---		---		---		(14.6)		(14.6)		(6.9)
Transfers into Level 3			---		---		---		---		---		---		---
Transfers out of Level 3			(16.3)		---		---		(14.3)		---		(30.6)		---
Ending balance		$	25.1	$	---	$	---	$	56.4	$	12.8	$	94.3	$	69.4

Changes in unrealized gains (losses) included in net income relating to positions still held

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2015		2014		2015		2014
		(In millions)
Assets:
	S&P 500 Index options	$	(5.2)	$	0.7	$	(5.3)	$	3.3

Liabilities:
	Index-based interest guarantees	$	(3.9)	$	(0.8)	$	(1.1)	$	(7.9)

Assets measured at fair value on a nonrecurring basis and still held as of the balance sheet date

		September 30, 2015
		Total		Level 1		Level 2		Level 3
		(In millions)
Commercial mortgage loans		$	55.8	$	---	$	---	$	55.8
Real Estate Owned			3.5		---		---		3.5
	Total assets measured at fair value on a nonrecurring basis	$	59.3	$	---	$	---	$	59.3

		December 31, 2014
		Total		Level 1		Level 2		Level 3
		(In millions)
Commercial mortgage loans		$	56.0	$	---	$	---	$	56.0
Real Estate Owned			10.3		---		---		10.3
	Total assets measured at fair value on a nonrecurring basis	$	66.3	$	---	$	---	$	66.3