Related Party Transactions

9 Months Ended

Jun. 30, 2017

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 June 30, 2017. Such CLOs had an aggregate total carrying value of $175.9 and $203.2 as of June 30, 2017 and September 30, 2016, respectively. The Company’s net investment income from such securities was $3.0 and $9.1 for the three and nine months ended June 30, 2017, respectively and was included in “Income (loss) from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations. For the three and nine months ended June 30, 2016, the Company’s net investment income from such securities was $2.5 and $7.0, respectively, and was included in “Income (loss) from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations.