Related Party Transactions

3 Months Ended

Dec. 31, 2016

Related Party Transactions [Abstract]

Related Party Transactions

FGL has invested in CLO securities issued by Fortress Credit Opportunities III CLO LP (“FCO III”) and also invested in securities issued by Fortress Credit BSL Limited (“Fortress BSL”). The parent of both FCO III and Fortress BSL is Fortress Investment Group LLC (“Fortress”), which has acquired interests greater than 10% ownership in HRG as of December 31, 2016. Such CLOs had an aggregate total carrying value of $228.6 and $203.2 as of December 31, 2016 and September 30, 2016, respectively, of which $18.1 and $18.0, respectively, was included in the funds withheld receivables portfolio of Front Street. The Company’s net investment income from such securities was $3.0 and $2.2 for the three months ended December 31, 2016 and 2015, respectively, of which $0.3 and $0.3, respectively, was included in investment income, and the remaining $2.7 and $2.0, respectively, was included in income from discontinued operations.