Deferred Policy Acquisition Costs ("DAC") and Value of Business Acquired ("VOBA")

6 Months Ended

Jun. 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 six months ended June 30, 2012 and 2011.

	2012			2011
				(As revised)
Balance at January 1	$	335.0		$	452.3
Deferrals of commissions and expenses	36.7			38.7
Amortization:
Amortization	(42.6		)	(44.7		)
Interest accrued at 4% to 7%	15.4			16.2
Net amortization included in Condensed Consolidated Statements of Operations	(27.2		)	(28.5		)
Change in unrealized capital gains/losses on available-for-sale securities	(29.0		)	(29.6		)
Balance at June 30	$	315.5		$	432.9

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

	2012			2011
				(As revised)
Balance at January 1	$	593.7		$	719.6
Deferrals of commissions and expenses	4.0			4.0
Amortization:
Amortization	(111.2		)	(89.7		)
Interest accrued at 5% to 8%	33.4			35.9
Net amortization included in Condensed Consolidated Statements of Operations	(77.8		)	(53.8		)
Change in unrealized capital gains/losses on available-for-sale securities	(43.9		)	(19.3		)
Balance at June 30	$	476.0		$	650.5