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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues:      
Insurance policy income $ 2,601.1 $ 2,556.0 $ 2,629.7
Net investment income:      
General account assets 1,204.1 1,203.6 1,301.0
Policyholder and reinsurer accounts and other special-purpose portfolios 121.1 30.0 126.4
Realized investment gains (losses):      
Net realized investment gains (losses), excluding impairment losses 47.9 (8.0) 64.0
Other-than-temporary impairments:      
Total other-than-temporary impairment losses (35.9) (42.9) (27.3)
Portion of other-than-temporary impairment losses recognized in accumulated other comprehensive income 3.6 3.0 0.0
Net impairment losses recognized (32.3) (39.9) (27.3)
Gain (loss) on dissolution of variable interest entities (7.3) 11.3 0.0
Total realized gains (losses) 8.3 (36.6) 36.7
Fee revenue and other income 50.5 58.9 50.9
Total revenues 3,985.1 3,811.9 4,144.7
Benefits and expenses:      
Insurance policy benefits 2,390.5 2,308.3 2,586.2
Loss on sale of subsidiary, (gain) loss on reinsurance transactions and transition expenses 75.4 9.0 239.8
Interest expense 116.4 94.9 92.8
Amortization 253.3 260.0 247.4
Loss on extinguishment or modification of debt 0.0 32.8 0.6
Other operating costs and expenses 796.3 739.2 802.8
Total benefits and expenses 3,631.9 3,444.2 3,969.6
Income before income taxes 353.2 367.7 175.1
Income tax expense (benefit):      
Tax expense on period income 127.8 129.5 159.2
Valuation allowance for deferred tax assets and other tax items (132.8) (32.5) (35.5)
Net income $ 358.2 $ 270.7 $ 51.4
Basic:      
Weighted average shares outstanding (in shares) 176,638 193,054 212,917
Net income (in dollars per share) $ 2.03 $ 1.40 $ 0.24
Diluted:      
Weighted average shares outstanding (in shares) 178,323 195,166 217,655
Net income (in dollars per share) $ 2.01 $ 1.39 $ 0.24