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Accumulated Other Comprehensive Income (Tables)
 6 Months Ended
Jun. 30, 2013
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Shareholder’s equity included the following components of AOCI as of the dates indicated:
 
June 30,
 
2013
 
2012
Fixed maturities, net of OTTI
$
974.4

 
$
1,787.6

Equity securities, available-for-sale
16.5

 
13.5

Derivatives
150.1

 
213.6

DAC/VOBA and sales inducements adjustment on available-for-sale securities
(398.2
)
 
(676.6
)
Premium deficiency reserve adjustment
(94.4
)
 
(96.0
)
Unrealized capital gains (losses), before tax
648.4

 
1,242.1

Deferred income tax asset (liability)
(163.6
)
 
(362.0
)
Unrealized capital gains (losses), after tax
484.8

 
880.1

Pension and other postretirement benefits liability, net of tax
10.2

 
12.0

AOCI
$
495.0

 
$
892.1
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
Six Months Ended June 30, 2013
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
(1,220.1
)
 
$
425.3

(4) 
$
(794.8
)
 
Equity securities
3.0

 
(1.1
)
 
1.9

 
Other
—

* 
—

* 
—

* 
OTTI
1.4

 
(0.5
)
 
0.9

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
2.2

 
(0.8
)
 
1.4

 
DAC/VOBA and sales inducements
412.4

(1) 
(144.3
)
 
268.1

 
Premium deficiency reserve adjustment
58.2

 
(20.4
)
 
37.8

 
Change in unrealized gains/losses on available-for-sale securities
(742.9
)
 
258.2

 
(484.7
)
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
(64.3
)
(2) 
22.5

 
(41.8
)
 
Adjustments for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(0.8
)
 
0.3

 
(0.5
)
 
Change in unrealized gains/losses on derivatives
(65.1
)
 
22.8

 
(42.3
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.0
)
(3) 
—

 
(1.0
)
 
Change in pension and other postretirement benefits liability
(1.0
)
 
—

 
(1.0
)
 
Change in Other comprehensive income (loss)
$
(809.0
)
 
$
281.0

 
$
(528.0
)
 
* Less than $0.1.
(1) See Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
(3) Amount reported in Net periodic pension cost which is reported in Operating expenses.
See Benefit Plans Note in the Company's 2012 Annual Report on Form 10-K for additional information.
(4) Amount included $1.9 valuation allowance. See Income Taxes Note to these Condensed Financial Statements for additional information.

 
Six Months Ended June 30, 2012
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
321.2

 
$
(99.8
)
(4) 
$
221.4

 
Equity securities
0.4

 
(0.1
)
 
0.3

 
Other
—

* 
—

* 
—

* 
OTTI
3.6

 
(1.3
)
 
2.3

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
(55.8
)
 
18.9

 
(36.9
)
 
DAC/VOBA and sales inducements
(73.0
)
(1) 
25.6

 
(47.4
)
 
Premium deficiency reserve adjustment
(31.2
)
 
10.9

 
(20.3
)
 
Change in unrealized gains/losses on available-for-sale securities
165.2

 
(45.8
)
 
119.4

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
39.9

(2) 
(14.0
)
 
25.9

 
Adjustments for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
—

 
—

 
—

 
Change in unrealized gains/losses on derivatives
39.9

 
(14.0
)
 
25.9

 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.1
)
(3) 
0.4

 
(0.7
)
 
Change in pension and other postretirement benefits liability
(1.1
)
 
0.4

 
(0.7
)
 
Change in Other comprehensive income (loss)
$
204.0

 
$
(59.4
)
 
$
144.6

 
* Less than $0.1.
(1) See Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.
(3) Amount reported in Net periodic pension cost which is reported in Operating expenses.
See Benefit Plans Note in the Company's 2012 Annual Report on Form 10-K for additional information.
(4) Amount included $10.0 valuation allowance. See Income Taxes Note to these Condensed Financial Statements for additional information.