SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2016

Accounting Policies [Abstract]

Schedule of loss recapture of long-term care business

Accordingly, we recognized a loss on the recapture of the long-term care business as summarized below (dollars in millions):

Market value of investments	$	504.7
Insurance liabilities	(552.2		)
Write-off of reinsurance receivables	(17.9		)
Estimated transaction expenses	(10.0		)
Pre-tax loss	(75.4		)
Tax benefit	26.4
Increase in valuation allowance for deferred tax assets	(4.1		)
After-tax loss	$	(53.1	)

Schedule of terms of federal home loan bank borrowing

The following summarizes the terms of the borrowings from the FHLB by our insurance subsidiaries (dollars in millions):

Amount		Maturity	Interest rate at
borrowed		date	December 31, 2016
$	50.0	January 2018	Variable rate – 1.226%
50.0		January 2018	Variable rate – 1.222%
50.0		February 2018	Variable rate – 1.191%
50.0		February 2018	Variable rate – 1.001%
22.0		February 2018	Variable rate – 1.267%
100.0		May 2018	Variable rate – 1.206%
50.0		July 2018	Variable rate – 1.360%
50.0		August 2018	Variable rate – 1.022%
10.0		December 2018	Variable rate – 1.266%
50.0		January 2019	Variable rate – 1.300%
50.0		February 2019	Variable rate – 1.001%
100.0		March 2019	Variable rate – 1.216%
21.8		July 2019	Variable rate – 1.234%
15.0		October 2019	Variable rate – 1.399%
50.0		May 2020	Variable rate – 1.224%
21.8		June 2020	Fixed rate – 1.960%
25.0		September 2020	Variable rate – 1.622%
100.0		September 2020	Variable rate – 1.416%
50.0		September 2020	Variable rate – 1.416%
75.0		September 2020	Variable rate – 1.118%
100.0		October 2020	Variable rate – 1.109%
50.0		December 2020	Variable rate – 1.335%
100.0		July 2021	Variable rate – 1.431%
57.7		July 2021	Variable rate – 1.411%
100.0		August 2021	Variable rate – 1.400%
28.2		August 2021	Fixed rate – 2.550%
125.0		August 2021	Variable rate – 1.236%
50.0		September 2021	Variable rate – 1.477%
25.4		March 2023	Fixed rate – 2.160%
20.5		June 2025	Fixed rate – 2.940%
$	1,647.4