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Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
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
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.