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Goodwill and Intangibles, including DAC and VOBA (Tables)
6 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Changes in Carrying Amounts of Goodwill and Intangible Assets Including FGL's DAC and VOBA Balances
A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s deferred acquisition costs ("DAC") and value of business acquired ("VOBA") balances, are as follows:
 
 
 
Intangible Assets
 
Goodwill
 
Indefinite Lived
 
Definite Lived
 
VOBA
 
DAC
 
Total
Balance at Balance at September 30, 2012
$
694.2

 
$
841.1

 
$
873.9

 
$
104.3

 
$
169.2

 
$
1,988.5

Acquisitions (Note 3)
748.0

 
330.0

 
172.8

 

 

 
502.8

Deferrals

 

 

 

 
71.5

 
71.5

Less: Components of amortization -
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization

 

 
(37.2
)
 
(108.2
)
 
(32.2
)
 
(177.6
)
Interest

 

 

 
10.6

 
5.3

 
15.9

Unlocking

 

 

 
21.9

 
4.2

 
26.1

Reclassifications

 

 

 

 

 

Adjustment for unrealized investment (gains), net

 

 

 
61.8

 
(11.6
)
 
50.2

Effect of translation
(8.2
)
 
(6.5
)
 
(3.4
)
 

 

 
(9.9
)
Balance at Balance at March 31, 2013
$
1,434.0

 
$
1,164.6

 
$
1,006.1

 
$
90.4

 
$
206.4

 
$
2,467.5

Summary of Definite Lived Intangible Assets
Definite lived intangible assets are summarized as follows:
 
March 31, 2013
 
September 30, 2012
 
 
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
 
Amortizable Life
Customer relationships
$
864.6

 
$
136.5

 
$
728.1

 
$
796.2

 
$
113.0

 
$
683.2

 
15 to 20 years
Trade names
170.5

 
36.9

 
133.6

 
150.8

 
28.3

 
122.5

 
1 to 12 years
Technology assets
174.7

 
30.3

 
144.4

 
91.0

 
22.8

 
68.2

 
4 to 17 years
 
$
1,209.8

 
$
203.7

 
$
1,006.1

 
$
1,038.0

 
$
164.1

 
$
873.9

 
 
Summary of Amortization Expense of Definite Lived Intangible Assets
Amortization expense for definite lived intangible assets is as follows:
 
Three months ended
 
Six months ended
 
March 31,
2013
 
April 1,
2012
 
March 31,
2013
 
April 1,
2012
Customer relationships
$
11.3

 
$
10.3

 
$
21.7

 
$
19.9

Trade names
4.3

 
3.1

 
7.9

 
6.2

Technology assets
4.5

 
2.4

 
7.6

 
4.3

 
$
20.1

 
$
15.8

 
$
37.2

 
$
30.4

Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods
Estimated amortization expense for VOBA and DAC in future fiscal periods is as follows:
 
 
Estimated Amortization Expense
Fiscal Year
 
VOBA
 
DAC
2013
 
$
20.6

 
$
6.5

2014
 
49.7

 
17.7

2015
 
45.6

 
18.6

2016
 
41.7

 
17.9

2017
 
35.1

 
16.9

Thereafter
 
175.3

 
191.1