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Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of March 31, 2020 and December 31, 2019, respectively:



	March 31, 2020
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	—	$	26.1	$	26.1
Investment in Ceridian	993.4		—		—		993.4
Total	$	993.4	$	—	$	26.1	$	1,019.5



	December 31, 2019
	Level 1		Level 2		Level 3		Total
	(In millions)
Fixed-maturity securities available for sale:
Corporate debt securities	$	—	$	—	$	19.2	$	19.2
Total	$	—	$	—	$	19.2	$	19.2

Summary of Changes in the Fair Values of Level 3 Assets Measured on a Recurring Basis

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three months ended March 31, 2020 and 2019 (in millions).



	Three months ended March 31, 2020		Three months ended March 31, 2019
	Corporate debt		Corporate debt
	securities		securities

Fair value, beginning of period	$	19.2	$	17.8
Impairment (1)	—		(0.3		)
Net valuation gain included in other comprehensive earnings (2)	6.9		—
Fair value, end of period	$	26.1	$	17.5

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(1) Included in Realized and other gains and losses, net on the Condensed Consolidated Statements of Operations

(2) Included in Unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) on the Condensed Consolidated Statements of Comprehensive Earnings (Loss)