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Goodwill and Intangibles, including DAC and VOBA (Tables)
3 Months Ended
Dec. 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
Definite lived intangible assets are summarized as follows:
 
December 31, 2013
 
September 30, 2013
 
 
 
Cost
 
Accumulated Amortization
 
Net
 
Cost
 
Accumulated Amortization
 
Net
 
Amortizable Life
Customer relationships
$
886.3

 
$
(172.6
)
 
$
713.7

 
$
885.9

 
$
(160.8
)
 
$
725.1

 
15 to 20 years
Trade names
171.3

 
(48.7
)
 
122.6

 
171.6

 
(44.7
)
 
126.9

 
1 to 12 years
Technology assets
172.1

 
(43.4
)
 
128.7

 
172.1

 
(39.0
)
 
133.1

 
4 to 17 years
 
$
1,229.7

 
$
(264.7
)
 
$
965.0

 
$
1,229.6

 
$
(244.5
)
 
$
985.1

 
 
Summary of Definite Lived Intangible Assets
A summary of the changes in the carrying amounts of goodwill and intangible assets, including FGL’s DAC and VOBA balances, are as follows:
 
 
 
Intangible Assets
 
Goodwill
 
Indefinite Lived
 
Definite Lived
 
VOBA
 
DAC
 
Total
Balance at September 30, 2013
$
1,476.7

 
$
1,178.1

 
$
985.1

 
$
225.3

 
$
340.6

 
$
2,729.1

Acquisitions (Note 3)
3.5

 

 

 

 

 

Deferrals

 

 

 

 
52.6

 
52.6

Less: Components of amortization -
 
 
 
 
 
 
 
 
 
 
 
Periodic amortization

 

 
(20.2
)
 
(28.7
)
 
(16.7
)
 
(65.6
)
Interest

 

 

 
3.7

 
3.3

 
7.0

Unlocking

 

 

 
11.8

 
3.4

 
15.2

Reclassifications

 

 

 

 

 

Adjustment for unrealized investment losses, net

 

 

 
1.6

 
6.3

 
7.9

Effect of translation
(4.0
)
 
3.4

 
0.1

 

 

 
3.5

Balance at December 31, 2013
$
1,476.2

 
$
1,181.5

 
$
965.0

 
$
213.7

 
$
389.5

 
$
2,749.7

Summary of Amortization Expense of Definite Lived Intangible Assets
Amortization expense for definite lived intangible assets is as follows:
 
Three months ended
 
December 31,
2013
 
December 30,
2012
Customer relationships
$
11.7

 
$
10.4

Trade names
4.1

 
3.6

Technology assets
4.4

 
3.1

 
$
20.2

 
$
17.1

Estimated Amortization Expense for VOBA and DAC in Future Fiscal Periods
Estimated amortization expense for VOBA in future fiscal periods is as follows:
 
 
Estimated Amortization Expense
Fiscal Year
 
VOBA
2014
 
$
33.4

2015
 
44.8

2016
 
39.5

2017
 
32.2

2018
 
25.9

2019 and thereafter
 
117.6