Investments (Tables)

3 Months Ended

Dec. 31, 2015

Investments, Debt and Equity Securities [Abstract]

Available-for-Sale Securities

The Company’s consolidated investments are summarized as follows:

	December 31, 2015
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Carrying Value
Asset-based loans	$	153.1	$	—	$	—	$	153.1	$	153.1
Other invested assets	2.5		—		—		2.5		2.5
Total investments	$	155.6	$	—	$	—	$	155.6	$	155.6

	September 30, 2015
	(As Adjusted)
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Carrying Value
Corporate fixed-maturity securities, available-for-sale	$	14.1	$	—	$	—	$	14.1	$	14.1
Equity securities - held for trading	18.7		14.1		—		32.8		32.8
Asset-based loans	226.7		—		—		226.7		226.7
Other invested assets	5.3		—		—		5.3		5.3
Total investments	$	264.8	$	14.1	$	—	$	278.9	$	278.9

Portfolio of Asset-Backed Loans and Other Invested Assets

s of December 31, 2015 and September 30, 2015, the Company’s portfolio of asset-based loans receivable originated by Salus and its co-lender Front Street consisted of the following:

	December 31, 2015		September 30, 2015
			(As Adjusted)
Asset-based loans, net of deferred fees, by major industry:
Apparel	$	55.5	$	66.0
Jewelry	36.3		36.9
Electronics	45.5		45.9
Manufacturing	30.4		32.7
Other	29.1		93.1
Total asset-based loans	196.8		274.6
Less: Allowance for credit losses	43.7		47.9
Total asset-based loans, net	$	153.1	$	226.7

Schedule of Allowance for Credit Losses

The following table presents the activity in its allowance for credit losses for the three months ended December 31, 2015 and 2014:

	Three months ended December 31,
	2015			2014
Allowance for credit losses:
Balance at beginning of period	$	47.9		$	5.5
Provision for credit losses	7.9			(0.2		)
Charge-offs	(12.1		)	—
Balance at end of period	$	43.7		$	5.3

Schedule of Credit Quality of Asset-Based Loan Portfolio

	Internal Risk Rating
	Pass		Special Mention		Substandard		Doubtful		Total
December 31, 2015	$	11.7	$	39.6	$	43.8	$	101.7	$	196.8
September 30, 2015 (As Adjusted)	$	69.0	$	32.4	$	74.0	$	99.2	$	274.6