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Deferred Policy Acquisition Costs (DAC) and Value of Business Acquired (VOBA)
 9 Months Ended
Sep. 30, 2012
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Deferred Policy Acquisition Costs ("DAC") and Value of Business Acquired ("VOBA")
Deferred Policy Acquisition Costs ("DAC") and Value of Business Acquired ("VOBA")

Activity within DAC was as follows for the nine months ended September 30, 2012 and 2011.

 
2012
 
2011
 
 
 
(As revised)
Balance at January 1
$
3,326.4

 
$
2,758.9

Deferrals of commissions and expenses
82.6

 
100.1

Amortization:
 
 
 
Amortization
(432.3
)
 
453.8

Interest accrued(1)
163.9

 
116.9

Net amortization included in the Condensed Statements of Operations
(268.4
)
 
570.7

Change in unrealized capital gains/losses on available-for-sale securities
(179.8
)
 
(305.0
)
Balance at September 30
$
2,960.8

 
$
3,124.7

(1) Interest accrued at 3% to 6% during 2012 and 2011.

Activity within VOBA was as follows for the nine months ended September 30, 2012 and 2011.

 
2012
 
2011
 
 
 
(As revised)
Balance at January 1
$
46.2

 
$
66.6

Amortization:
 

 
 

Amortization
(18.5
)
 
(6.8
)
Interest accrued(1)
2.3

 
2.7

Net amortization included in the Condensed Statements of Operations
(16.2
)
 
(4.1
)
Change in unrealized capital gains/losses on available-for-sale securities
1.0

 
(15.7
)
Balance at September 30
$
31.0

 
$
46.8

(1) Interest accrued at 4% to 8% during 2012 and 2011.