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Accumulated Other Comprehensive Income (Loss) (Tables)
9 Months Ended
Sep. 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:
 
September 30,
 
2013
 
2012
Fixed maturities, net of OTTI
$
885.4

 
$
2,221.3

Equity securities, available-for-sale
16.1

 
12.3

Derivatives
148.8

 
221.0

DAC/VOBA and sales inducements adjustment on available-for-sale securities
(363.1
)
 
(834.6
)
Premium deficiency reserve adjustment
(89.7
)
 
(117.0
)
Unrealized capital gains (losses), before tax
597.5

 
1,503.0

Deferred income tax asset (liability)
(118.6
)
 
(460.4
)
Unrealized capital gains (losses), after tax
478.9

 
1,042.6

Pension and other postretirement benefits liability, net of tax
10.2

 
11.6

AOCI
$
489.1

 
$
1,054.2

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:
 
Nine Months Ended September 30, 2013
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
(1,317.3
)
 
$
486.5

(4) 
$
(830.8
)
 
Equity securities
2.6

 
(0.9
)
 
1.7

 
Other

* 

* 

* 
OTTI
3.4

 
(1.2
)
 
2.2

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
8.4

 
(2.9
)
 
5.5

 
DAC/VOBA and sales inducements
447.5

(1) 
(156.6
)
 
290.9

 
Premium deficiency reserve adjustment
62.9

 
(22.0
)
 
40.9

 
Change in unrealized gains/losses on available-for-sale securities
(792.5
)
 
302.9

 
(489.6
)
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
(68.0
)
(2) 
23.8

 
(44.2
)
 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
1.6

 
(0.6
)
 
1.0

 
Change in unrealized gains/losses on derivatives
(66.4
)
 
23.2

 
(43.2
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.7
)
(3) 
0.6

 
(1.1
)
 
Change in pension and other postretirement benefits liability
(1.7
)
 
0.6

 
(1.1
)
 
Change in Other comprehensive income (loss)
$
(860.6
)
 
$
326.7

 
$
(533.9
)
 
* 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 includes $30.5 valuation allowance. See Income Taxes Note to these Condensed Consolidated Financial Statements for additional information.

 
Nine Months Ended September 30, 2012
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
633.5

 
$
(222.0
)
 
$
411.5

 
Equity securities
(0.8
)
 
0.3

 
(0.5
)
 
Other

* 

* 

* 
OTTI
10.6

 
(3.7
)
 
6.9

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
58.6

 
(19.9
)
 
38.7

 
DAC/VOBA and sales inducements
(231.0
)
(1) 
85.5

 
(145.5
)
 
Premium deficiency reserve adjustment
(52.2
)
 
17.7

 
(34.5
)
 
Change in unrealized gains/losses on available-for-sale securities
418.7

 
(142.1
)
 
276.6

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
47.3

(2) 
(16.1
)
 
31.2

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations

 

 

 
Change in unrealized gains/losses on derivatives
47.3

 
(16.1
)
 
31.2

 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.7
)
(3) 
0.6

 
(1.1
)
 
Change in pension and other postretirement benefits liability
(1.7
)
 
0.6

 
(1.1
)
 
Change in Other comprehensive income (loss)
$
464.3

 
$
(157.6
)
 
$
306.7

 
* 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.