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Deferred Policy Acquisition Costs and Value of Business Acquired
3 Months Ended
Mar. 31, 2014
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired
Deferred Policy Acquisition Costs and Value of Business Acquired

Activity within deferred policy acquisition costs ("DAC") and value of business acquired ("VOBA") was as follows for the periods indicated:
 
DAC
 
VOBA
 
Total
Balance at January 1, 2014
$
4,316.1

 
$
1,035.5

 
$
5,351.6

Deferrals of commissions and expenses
91.6

 
3.4

 
95.0

Amortization:
 
 
 
 
 
Amortization
(159.6
)
 
(47.3
)
 
(206.9
)
Interest accrued(1)
58.3

 
22.5

 
80.8

Net amortization included in Condensed Consolidated Statements of Operations
(101.3
)
 
(24.8
)
 
(126.1
)
Change in unrealized capital gains/losses on available-for-sale securities
(293.3
)
 
(166.4
)
 
(459.7
)
Balance at March 31, 2014
$
4,013.1

 
$
847.7

 
$
4,860.8

 
 
 
 
 
 
 
DAC
 
VOBA
 
Total
Balance at January 1, 2013
$
3,221.6

 
$
434.7

 
$
3,656.3

Deferrals of commissions and expenses
104.5

 
3.3

 
107.8

Amortization:
 
 
 
 
 
Amortization
(174.8
)
 
(36.6
)
 
(211.4
)
Interest accrued(1)
58.4

 
22.5

 
80.9

Net amortization included in Condensed Consolidated Statements of Operations
(116.4
)
 
(14.1
)
 
(130.5
)
Change in unrealized capital gains/losses on available-for-sale securities
262.0

 
124.0

 
386.0

Balance at March 31, 2013
$
3,471.7

 
$
547.9

 
$
4,019.6

(1)Interest accrued at the following rates for DAC: 0.6% to 7.4% during 2014 and 1.7% to 7.4% during 2013. Interest accrued at the following rates for VOBA: 4.1% to 7.5% during 2014 and 3.0% to 7.5% during 2013.