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Statements of Changes in Stockholder's Equity - USD ($)
$ in Millions
Total
Cumulative Effect, Period of Adoption, Adjustment
Common Stock
Additional Paid-in Capital
Retained Earnings
Retained Earnings
Cumulative Effect, Period of Adoption, Adjustment
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Cumulative Effect, Period of Adoption, Adjustment
Balance at the beginning of the period at Dec. 31, 2017 $ 207.0   $ 5.0 $ 55.9 $ 17.9   $ 128.2 $ 18.6
Equity                
Cumulative effect of change in accounting principles, net of taxes           $ (26.7)    
Balance at the end of the period at Jan. 01, 2018           8.1    
Balance at the beginning of the period at Dec. 31, 2017 207.0   5.0 55.9 17.9   128.2 18.6
Equity                
Net income 65.0       65.0      
Dividends to Parent (15.0)       (15.0)      
Other comprehensive income (loss) $ (64.5)           (64.5)  
Cumulative effect of change in accounting principles, net of taxes [1]   $ 0.0       (18.6)   $ 18.6
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member              
Balance at the end of the period at Dec. 31, 2018 $ 192.5   5.0 55.9 49.3   82.3  
Equity                
Net income 44.9       44.9      
Dividends to Parent (27.0)       (27.0)      
Other comprehensive income (loss) 69.0           69.0  
Balance at the end of the period at Dec. 31, 2019 279.4 $ (1.3) [2] 5.0 55.9 67.2 $ (1.3) [2] 151.3  
Equity                
Net income 28.2       28.2      
Dividends to Parent (18.0)       (18.0)      
Non-cash capital increase [3] 11.3     11.3        
Other comprehensive income (loss) 35.4           35.4  
Balance at the end of the period at Dec. 31, 2020 $ 335.0   $ 5.0 $ 67.2 $ 76.1   $ 186.7  
[1] Amounts relate to: (i) the requirement to recognize the changes in fair value of equity securities directly within income (resulting in a reclassification of unrealized gains as of January 1, 2018 between accumulated other comprehensive income (“AOCI”) and retained earnings); and (ii) the reclassification from AOCI to retained earnings for stranded tax effects resulting from the U.S. Tax Cuts and Jobs Act. See Note 2 for additional information.
[2] Amount relates to the adoption of a new accounting standard for accounting for expected credit losses for assets held at amortized cost, which established allowances for such expected credit losses as of January 1, 2020. See Note 2 for additional information.
[3] Amount relates to a loan from Parent that was extinguished during 2020, which in accordance with ASC 470, Debt, was treated as a capital transaction given it was between related entities.