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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2012
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Notional Amounts of Outstanding Derivative Positions
The notional amounts and fair values of derivatives were as follows as of September 30, 2012 and December 31, 2011:

 
2012
 
2011 (As revised)
 
Notional
Amount
 
Asset
Fair Value
 
Liability
Fair Value
 
Notional
Amount
 
Asset
Fair Value
 
Liability
Fair Value
Derivatives: Non-qualifying for hedge accounting:
 
 
 
 
 
 
 
 
 
 
 
Interest rate contracts
$
27,824.8

 
$
1,465.7

 
$
572.6

 
$
27,046.0

 
$
1,538.4

 
$
520.0

Foreign exchange contracts
1,422.8

 
15.0

 
39.7

 
1,297.8

 
9.7

 
42.4

Equity contracts
15,156.8

 
147.6

 
29.5

 
15,434.3

 
60.1

 
28.4

Credit contracts
71.0

 
0.5

 
0.1

 
143.4

 
0.9

 
14.1

Embedded derivatives:
 
 
 
 
 
 
 
 
 
 
 
Within fixed maturity investments
N/A

 
51.1

 
—

 
N/A

 
55.0

 
—

Within annuity products
N/A

 
—

 
3,349.7

 
N/A

 
—

 
3,512.1

Within reinsurance agreements 
N/A

 
—

 
317.7

 
N/A

 
—

 
230.9

Total
 
 
$
1,679.9

 
$
4,309.3

 
 
 
$
1,664.1

 
$
4,347.9

N/A - Not Applicable.
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance
Net realized gains (losses) on derivatives were as follows for the three and nine months ended September 30, 2012 and 2011:

 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2012
 
2011
 
2012
 
2011
 
 
 
(As revised)
 
 
 
(As revised)
Derivatives: Qualifying for hedge accounting(1):
 

 
 

 
 
 
 
Cash flow hedges:
 
 
 
 
 
 
 
    Interest rate contracts
$
—

 
$
0.3

 
$
—

 
$
—

Fair value hedges:
 
 
 
 
 
 
 
    Interest rate contracts
—

 
—

 
—

 
—

Derivatives: Non-qualifying for hedge accounting(1):
 
 
 
 
 
 
 
Interest rate contracts
$
(27.1
)
 
$
1,054.3

 
$
275.4

 
$
1,173.7

Foreign exchange contracts
(38.1
)
 
56.5

 
(10.1
)
 
(7.5
)
Equity contracts
(709.1
)
 
798.1

 
(1,661.6
)
 
488.0

Credit contracts
0.9

 
(11.4
)
 
0.5

 
(6.5
)
Embedded derivatives:
 

 
 

 
 
 
 
Within fixed maturity investments
(3.0
)
 
8.8

 
(3.9
)
 
9.0

Within annuity products
517.3

 
(861.4
)
 
227.1

 
(977.0
)
Within reinsurance agreements
(48.5
)
 
(213.1
)
 
(86.8
)
 
(239.4
)
Total
$
(307.6
)
 
$
832.1

 
$
(1,259.4
)
 
$
440.3

(1) Changes in value for effective fair value hedges are recorded in Other net realized capital losses. Changes in fair value upon disposal for effective cash flow hedges are recorded in Other net realized capital gains (losses) in the Condensed Statements of Operations.