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Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
9 Months Ended
Sep. 30, 2014
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired
Activity within DAC and 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
280.5

 
9.6

 
290.1

Amortization:
 
 
 
 
 
Amortization
(385.1
)
 
(128.7
)
 
(513.8
)
Interest accrued(1)
174.9

 
66.5

 
241.4

Net amortization included in Condensed Consolidated Statements of Operations
(210.2
)
 
(62.2
)
 
(272.4
)
Change in unrealized capital gains/losses on available-for-sale securities
(373.2
)
 
(216.2
)
 
(589.4
)
Balance at September 30, 2014
$
4,013.2

 
$
766.7

 
$
4,779.9

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

 
$
434.7

 
$
3,656.3

Deferrals of commissions and expenses
300.0

 
10.2

 
310.2

Amortization:
 
 
 
 
 
Amortization
(507.6
)
 
(53.2
)
 
(560.8
)
Interest accrued(1)
173.6

 
67.6

 
241.2

Net amortization included in Condensed Consolidated Statements of Operations
(334.0
)
 
14.4

 
(319.6
)
Change in unrealized capital gains/losses on available-for-sale securities
1,061.5

 
556.6

 
1,618.1

Balance at September 30, 2013
$
4,249.1

 
$
1,015.9

 
$
5,265.0

(1) Interest accrued at the following rates for DAC: 0.6% to 7.4% during 2014 and 1.0% to 7.4% during 2013. Interest accrued at the following rates for VOBA: 3.1% to 7.5% during 2014 and 3.0% to 7.5% during 2013.