Nature of Operations and Items Impacting Basis of Presentation (Tables)

12 Months Ended

Dec. 31, 2018

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Gain by Transactions Component

The following represents a summary of the pre-tax gain recognized by transaction component, as well as the related classification within the Financial Statements:

	Years Ended December 31,
	2018		2017		2016
Gain on sale of entities	$	—	$	—	$	6.6
Novations, resulting in recognized gains (a)	—		—		59.1
Loss on retroactive reinsurance component, before realized gains (b)	—		—		(109.6		)
Net loss prior to realized gains on transferred securities supporting retroactive component (c)	—		—		(43.9		)
Realized gains on transferred securities supporting retroactive component	—		—		141.5
Amortization of deferred gains (d)	$	46.4	$	90.0	$	356.1
Total	$	46.4	$	90.0	$	453.7

(a) Novations of certain insurance policies directly to Sun Life allowed for immediate gain recognition.

(b) Reinsurance of existing claims liabilities requires retroactive accounting necessitating losses to be recognized immediately.

However, upon transfer of the associated assets supporting the liabilities, the Company recognized realized gains

which more than offset the retroactive losses. The Company was required to classify the realized gains as part of net realized gains on investments,

within the statement of operation.

(c) Amount classified within underwriting, general and administrative expenses in the statements of operations.

(d) Amounts classified as amortization of deferred gains and gains on disposal of businesses within the statements of operations. The year ended

December 31, 2017 amount includes subsequent novations of $1.4 million that allowed immediate gain recognition.