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Goodwill and Intangibles, including DAC and VOBA (Tables)
9 Months Ended
Jun. 30, 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)
787.7

 
330.0

 
190.6

 

 

 
520.6

Deferrals

 

 

 

 
109.2

 
109.2

Less: Components of amortization -
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization

 

 
(57.5
)
 
(151.8
)
 
(62.0
)
 
(271.3
)
Interest

 

 

 
16.2

 
7.1

 
23.3

Unlocking

 

 

 
22.6

 
4.8

 
27.4

Reclassifications

 

 

 

 

 

Adjustment for unrealized investment losses, net

 

 

 
211.3

 
49.6

 
260.9

Effect of translation
(11.7
)
 
(4.2
)
 
(4.5
)
 

 

 
(8.7
)
Balance at Balance at June 30, 2013
$
1,470.2

 
$
1,166.9

 
$
1,002.5

 
$
202.6

 
$
277.9

 
$
2,649.9

Summary of Definite Lived Intangible Assets
Definite lived intangible assets are summarized as follows:
 
June 30, 2013
 
September 30, 2012
 
 
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
 
Amortizable Life
Customer relationships
$
879.4

 
$
(147.9
)
 
$
731.5

 
$
796.2

 
$
(113.0
)
 
$
683.2

 
15 to 20 years
Trade names
171.5

 
(41.2
)
 
130.3

 
150.8

 
(28.3
)
 
122.5

 
1 to 12 years
Technology assets
175.5

 
(34.8
)
 
140.7

 
91.0

 
(22.8
)
 
68.2

 
4 to 17 years
 
$
1,226.4

 
$
(223.9
)
 
$
1,002.5

 
$
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
 
Nine months ended
 
June 30,
2013
 
July 1,
2012
 
June 30,
2013
 
July 1,
2012
Customer relationships
$
11.6

 
$
10.1

 
$
33.3

 
$
30.0

Trade names
4.3

 
3.6

 
12.2

 
9.8

Technology assets
4.4

 
2.4

 
12.0

 
6.7

 
$
20.3

 
$
16.1

 
$
57.5

 
$
46.5

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
 
$
9.0

 
$
4.5

2014
 
45.7

 
22.3

2015
 
43.7

 
23.6

2016
 
39.5

 
22.9

2017
 
33.0

 
22.0

2018 and thereafter
 
159.8

 
183.7