XML 58 R40.htm IDEA: XBRL DOCUMENT v3.6.0.2
OTHER OPERATING STATEMENT DATA (Tables)
 12 Months Ended
Dec. 31, 2016
Insurance [Abstract]  
Schedule of insurance policy income
Insurance policy income consisted of the following (dollars in millions):

 
2016
 
2015
 
2014
Direct premiums collected
$
3,942.7

 
$
3,769.6

 
$
3,856.2

Reinsurance assumed
33.8

 
38.4

 
34.5

Reinsurance ceded
(132.9
)
 
(142.8
)
 
(187.9
)
Premiums collected, net of reinsurance
3,843.6

 
3,665.2

 
3,702.8

Change in unearned premiums
6.2

 
5.9

 
9.1

Less premiums on interest-sensitive life and products without mortality and morbidity risk which are recorded as additions to insurance liabilities
(1,386.7
)
 
(1,241.9
)
 
(1,295.4
)
Premiums on traditional products with mortality or morbidity risk
2,463.1

 
2,429.2

 
2,416.5

Fees and surrender charges on interest-sensitive products
138.0

 
126.8

 
213.2

Insurance policy income
$
2,601.1

 
$
2,556.0

 
$
2,629.7
Schedule of other operating cost and expense
Other operating costs and expenses were as follows (dollars in millions):

 
2016
 
2015
 
2014
Commission expense
$
110.5

 
$
103.8

 
$
99.4

Salaries and wages
231.0

 
205.2

 
242.4

Other
454.8

 
430.2

 
461.0

Total other operating costs and expenses
$
796.3

 
$
739.2

 
$
802.8
Schedule of changes in present value of future insurance profits
Changes in the present value of future profits were as follows (dollars in millions):

 
2016
 
2015
 
2014
Balance, beginning of year
$
449.0

 
$
489.4

 
$
679.3

Amortization
(62.2
)
 
(69.1
)
 
(76.2
)
Effect of reinsurance transaction
—

 
—

 
5.0

Amounts related to CLIC prior to being sold
—

 
—

 
(15.5
)
Amounts related to changes in unrealized investment gains (losses) on fixed maturities, available for sale
15.0

 
28.7

 
(103.2
)
Balance, end of year
$
401.8

 
$
449.0

 
$
489.4
Schedule of changes in deferred acquisition costs
Changes in deferred acquisition costs were as follows (dollars in millions):

 
2016
 
2015
 
2014
Balance, beginning of year
$
1,083.3

 
$
770.6

 
$
968.1

Additions
242.7

 
246.4

 
242.8

Amortization
(191.1
)
 
(190.9
)
 
(171.2
)
Effect of reinsurance transaction
—

 
—

 
24.0

Amounts related to CLIC prior to being sold
—

 
—

 
(37.6
)
Amounts related to changes in unrealized investment gains (losses) on fixed maturities, available for sale
(90.2
)
 
257.2

 
(255.5
)
Balance, end of year
$
1,044.7

 
$
1,083.3

 
$
770.6