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Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of the Company's Fair Value Hierarchy for Recurring Basis Assets and Liabilities
The following tables present the Company’s fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016. The amounts presented below for Other investments, Cash equivalents, Other assets and Assets and Liabilities held in separate accounts differ from the amounts presented in the balance sheets because only certain investments, or certain assets and liabilities within these line items are measured at estimated fair value. The fair value amount and the majority of the associated levels presented for Assets and Liabilities held in separate accounts are received directly from third parties.
 
December 31, 2017
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
United States Government and government
 agencies and authorities
$
3.2

 
$
—

 
 
$
3.2

 
 
$
—

 
State, municipalities and political subdivisions
5.6

 
—

 
 
5.6

 
 
—

 
Foreign governments
10.5

 
—

 
 
10.5

 
 
—

 
Asset-backed
29.0

 
—

 
 
24.3

 
 
4.7

 
Commercial mortgage-backed
3.3

 
—

 
 
—

 
 
3.3

 
Residential mortgage-backed
41.7

 
—

 
 
41.7

 
 
—

 
U.S. corporate
742.1

 
—

 
 
741.9

 
 
0.2

 
Foreign corporate
157.9

 
—

 
 
148.6

 
 
9.3

 
Equity securities:


 
 
 
 
 
 
 
 
 
Common stocks
0.6

 
0.6

 
 
—

 
 
—

 
Non-redeemable preferred stocks
85.8

 
—

 
 
84.7

 
 
1.1

 
Other investments
6.4

 
6.4

(a)
 
—

 
 
—

 
Other assets
0.2

 
—

 
 
—

 
 
0.2

(d)
Assets held in separate accounts
1,644.3

 
1,600.8

(b)
 
43.5

(c)
 
—

 
Total financial assets
$
2,730.6

 
$
1,607.8

 
 
$
1,104.0

 
 
$
18.8

 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
Liabilities related to separate accounts
$
1,644.3

 
$
1,600.8

(b)
 
$
43.5

(c)
 
$
—

 
 
December 31, 2016
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Assets
 
 
 
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
United States Government and government
 agencies and authorities
$
2.0

 
$
—

 
 
$
2.0

 
 
$
—

 
State, municipalities and political subdivisions
10.8

 
—

 
 
10.8

 
 
—

 
Foreign governments
11.3

 
—

 
 
11.3

 
 
—

 
Asset-backed
0.2

 
—

 
 
0.2

 
 
—

 
Commercial mortgage-backed
3.2

 
—

 
 
—

 
 
3.2

 
Residential mortgage-backed
36.9

 
—

 
 
36.9

 
 
—

 
U.S. corporate
793.4

 
—

 
 
789.8

 
 
3.6

 
Foreign corporate
170.9

 
—

 
 
160.9

 
 
10.0

 
Equity securities:


 
 
 
 
 
 
 
 
 
Common stocks
0.4

 
0.4

 
 
—

 
 
—

 
Non-redeemable preferred stocks
93.2

 
—

 
 
92.1

 
 
1.1

 
Other investments
30.2

 
2.7

(a)
 
27.5

(c)
 
—

 
Cash equivalents
6.6

 
6.6

(a)
 
—

 
 
—

 
Other assets
0.3

 
—

 
 
—

 
 
0.3

(d)
Assets held in separate accounts
1,499.7

 
1,438.6

(b)
 
61.1

(c)
 
—

 
Total financial assets
$
2,659.1

 
$
1,448.3

 
 
$
1,192.6

 
 
$
18.2

 
Financial Liabilities
 
 
 
 
 
 
 
 
 
 
Liabilities related to separate accounts
$
1,499.7

 
$
1,438.6

(b)
 
$
61.1

(c)
 
$
—

 
(a)  Mainly includes money market funds.
(b)  Mainly includes mutual funds.
(c)  Mainly includes fixed maturity securities.
(d)  Mainly includes derivatives.
Summary of the Change in Balance Sheet Carrying Value Associated with Level 3 Financial Assets Carried at Fair Value
The following tables summarize the change in balance sheet carrying value associated with Level 3 financial assets carried at fair value during the years ended December 31, 2017 and 2016:
 
Year Ended December 31, 2017
 
Balance,
beginning
of period
 
Total
gains (losses)
(realized/
unrealized)
included in
earnings (1)
 
Net
unrealized
(losses) gains
included in
other comprehensive
 income (2)
 
Purchases
 
Sales
 
Transfers
in (3)
 
Transfers
out (3)
 
Balance,
end of
period
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States, municipalities and political subdivisions
$
—

 
$
0.1

 
$
(0.1
)
 
$
29.0

 
$
(7.4
)
 
$
—

 
$
(16.9
)
 
4.7

Commercial mortgage-backed
3.2

 
0.1

 
—

 
—

 
—

 
—

 
—

 
3.3

U.S. corporate
3.6

 
—

 
0.3

 
—

 
(0.6
)
 
0.3

 
(3.4
)
 
0.2

Foreign corporate
10.0

 
—

 
(0.1
)
 
—

 
(0.6
)
 
—

 
—

 
9.3

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-redeemable preferred
 stocks
1.1

 
—

 
—

 
—

 
—

 
—

 
—

 
1.1

Other assets
0.3

 
(0.1
)
 
—

 
—

 
—

 
—

 
—

 
0.2

Total level 3 assets
$
18.2

 
$
0.1

 
$
0.1

 
$
29.0

 
$
(8.6
)
 
$
0.3

 
$
(20.3
)
 
$
18.8

 
Year Ended December 31, 2016
 
Balance,
beginning
of period
 
Total
gains (losses)
(realized/
unrealized)
included in
earnings (1)
 
Net
unrealized
losses
included in
other comprehensive
 income (2)
 
Purchases
 
Sales
 
Transfers
in (3)
 
Transfers
out (3)
 
Balance,
end of
period
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
States, municipalities and political subdivisions
$
—

 
$
—

 
$
—

 
$
1.3

 
$
(1.3
)
 
$
—

 
$
—

 
—

Commercial mortgage-backed
0.1

 
—

 
(0.2
)
 
3.4

 
(0.1
)
 
—

 
—

 
3.2

U.S. corporate
10.7

 
0.5

 
(0.6
)
 
0.8

 
(6.3
)
 
0.1

 
(1.6
)
 
3.6

Foreign corporate
15.9

 
1.1

 
(0.8
)
 
—

 
(6.2
)
 
—

 
—

 
10.0

Equity securities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Non-redeemable preferred
 stocks
1.1

 
—

 
—

 
—

 
—

 
—

 
—

 
1.1

Other assets
0.4

 
(0.1
)
 
—

 
—

 
—

 
—

 
—

 
0.3

Total level 3 assets
$
28.2

 
$
1.5

 
$
(1.6
)
 
$
5.5

 
$
(13.9
)
 
$
0.1

 
$
(1.6
)
 
$
18.2

(1)  Included as part of net realized gains on investments in the statement of operations.
(2)  Included as part of change in unrealized gains on securities in the statement of comprehensive income.
(3) Transfers are primarily attributable to changes in the availability of observable market information and re-evaluation of the observability of pricing inputs.
Schedule of Carrying Value, Fair Value Amount and Hierarchy Level of the Financial Instruments That Are Not Recognized or Are Not Carried at Fair Value
The following tables disclose the carrying value, fair value amount and hierarchy level of the financial instruments that are not recognized or are not carried at fair value in the balance sheets:
 
December 31, 2017
 
 
 
Fair Value
 
Carrying
 Value
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
Commercial mortgage loans on real estate
$
78.7

 
$
82.7

 
$
—

 
$
—

 
$
82.7

Policy loans
6.7

 
6.7

 
6.7

 
—

 
—

Other investments
0.2

 
0.2

 
—

 
—

 
0.2

Total financial assets
$
85.6

 
$
89.6

 
$
6.7

 
$
—

 
$
82.9

Financial liabilities:
 
 
 
 
 
 
 
 
 
Policy reserves under investment products (Individual and group annuities, subject to discretionary withdrawal) (1)
$
210.5

 
$
227.5

 
$
—

 
$
—

 
$
227.5

 
December 31, 2016
 
 
 
Fair Value
 
Carrying
 Value
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial assets:
 
 
 
 
 
 
 
 
 
Commercial mortgage loans on real estate
$
98.4

 
$
103.0

 
$
—

 
$
—

 
$
103.0

Policy loans
7.4

 
7.4

 
7.4

 
—

 
—

Other investments
0.2

 
0.2

 
—

 
—

 
0.2

Total financial assets
$
106.0

 
$
110.6

 
$
7.4

 
$
—

 
$
103.2

Financial liabilities:

 

 

 

 

Policy reserves under investment products
 (Individual and group annuities, subject to
 discretionary withdrawal) (1)
$
218.1

 
$
246.0

 
$
—

 
$
—

 
$
246.0

(1)  Only the fair value of the Company's policy reserves for investment-type contracts (those without significant mortality or morbidity risk) are reflected in the table above.