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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2017
Income Tax Disclosure [Abstract]  
Schedule of Company's Current and Deferred Federal Tax Expense
Information about the Company’s current and deferred tax expense follows:
 
Year Ended December 31,
 
2017
 
2016
 
2015
Current (benefit) expense
$
(3.3
)
 
$
271.4

 
$
29.8

Deferred expense (benefit)
49.5

 
(65.2
)
 
11.2

Total income tax expense
$
46.2

 
$
206.2

 
$
41.0

Schedule of Reconciliation of the Federal Income Tax Rate to the Company's Effective Income Tax Rate
A reconciliation of the federal income tax rate to the Company's effective income tax rate follows:
 
December 31,
 
2017
 
2016
 
2015
Federal income tax rate:
35.0
 %
 
35.0
 %
 
35.0
 %
Reconciling items:
 

 
 

 
 

Dividends-received deduction
(1.2
)%
 
(0.3
)%
 
(1.7
)%
TCJA net deferred tax asset revaluation
3.6
 %
 
 %
 
 %
Capital contribution from affiliated entity impacting taxable income
 %
 
3.7
 %
 
 %
Goodwill
 %
 
1.2
 %
 
 %
Nondeductible health insurer fee
 %
 
0.5
 %
 
2.3
 %
Change in liability for prior years' taxes
(0.5
)%
 
 %
 
0.5
 %
Other
0.1
 %
 
(0.1
)%
 
(0.5
)%
Effective income tax rate
37.0
 %
 
40.0
 %
 
35.6
 %
Schedule of Significant Deferred Tax Assets and Deferred Tax Liabilities
The tax effects of temporary differences that result in significant deferred tax assets and liabilities are as follows:
 
December 31,
 
2017
 
2016
Deferred tax assets:
Deferred gain on disposal of businesses
$
22.0

 
$
70.2

Deferred acquisition costs
13.3

 
22.8

Investments, net
5.7

 
17.2

Policyholder and separate account reserves
7.1

 
13.3

Employee and Post-Retirement Benefits
2.8

 
4.6

Total deferred tax assets (1)
50.9

 
128.1

Deferred tax liabilities:
Net unrealized appreciation on securities
(42.6
)
 
(57.9
)
Other
(1.4
)
 
(0.7
)
Total deferred tax liabilities (1)
(44.0
)
 
(58.6
)
Net deferred income tax assets
$
6.9

 
$
69.5


(1) 2017 reflects the reduction of deferred tax assets and liabilities following the enactment of TCJA.