Reinsurance

12 Months Ended

Dec. 31, 2014

Reinsurance Disclosures [Abstract]

Reinsurance

major companies account for approximately 92 percent of our reinsurance recoverable at December 31, 2014, and are all companies rated A or better by A.M. Best Company (AM Best) or are fully securitized by letters of credit or investment-grade fixed maturity securities held in trust. Approximately seven percent of our reinsurance recoverable relates to business reinsured either with companies rated A- or better by AM Best, with overseas entities with equivalent ratings or backed by letters of credit or trust agreements, or through reinsurance arrangements wherein we retain the assets in our general account. The remaining one percent of our reinsurance recoverable is held by companies either rated below A- by AM Best or not rated.

Reinsurance data is as follows:

	Year Ended December 31
	2014			2013			2012
	(in millions of dollars)
Direct Premium Income	$	7,899.3		$	7,777.3		$	7,736.0
Reinsurance Assumed	189.8			203.2			210.9
Reinsurance Ceded	(291.9		)	(355.8		)	(230.8		)
Net Premium Income	$	7,797.2		$	7,624.7		$	7,716.1
Ceded Benefits and Change in Reserves for Future Benefits	$	662.7		$	728.7		$	591.7