Investments (Tables)

6 Months Ended

Mar. 31, 2016

Investments, Debt and Equity Securities [Abstract]

Available-for-Sale Securities

The Company’s consolidated investments are summarized as follows:

	March 31, 2016
	Cost or Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Fair Value		Carrying Value
Asset-based loans	$	136.8	$	—	$	—	$	136.8	$	136.8
Other invested assets	2.5		—		—		2.5		2.5
Total Investments	$	139.3	$	—	$	—	$	139.3	$	139.3

	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 March 31, 2016 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:

	March 31, 2016		September 30, 2015
			(As Adjusted)
Asset-based loans, net of deferred fees, by major industry:
Apparel	$	50.3	$	66.0
Electronics	45.4		45.9
Jewelry	35.6		36.9
Manufacturing	29.9		32.7
Other	23.4		93.1
Total asset-based loans	184.6		274.6
Less: Allowance for credit losses	47.8		47.9
Total asset-based loans, net	$	136.8	$	226.7

Schedule of Allowance for Credit Losses

The following table presents the activity in its allowance for credit losses for the three and six months ended March 31, 2016 and 2015:

	Three months ended March 31,						Six months ended March 31,
	2016			2015			2016			2015
Allowance for credit losses:
Balance at beginning of period	$	43.7		$	5.3		$	47.9		$	5.5
Provision for credit losses	6.7			68.5			15.1			68.3
Charge-offs	(2.6		)	(51.1		)	(15.2		)	(51.1		)
Balance at end of period	$	47.8		$	22.7		$	47.8		$	22.7

Schedule of Credit Quality of Asset-Based Loan Portfolio

	Internal Risk Rating
	Pass		Special Mention		Substandard		Doubtful		Total
March 31, 2016	$	12.1	$	33.0	$	17.1	$	122.4	$	184.6
September 30, 2015 (As Adjusted)	$	69.0	$	32.4	$	74.0	$	99.2	$	274.6