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Income Taxes (Tables)
12 Months Ended
Dec. 31, 2013
Income Tax Disclosure [Abstract]  
Schedule of Components of Income Tax Expense (Benefit)
Income tax expense (benefit) consisted of the following for the periods indicated.
 
Year Ended December 31,
 
2013
 
2012
 
2011
Current tax expense (benefit):
 
 
 
 
 
Federal
$
144.6

 
$
200.9

 
$
60.3

Total current tax expense (benefit)
144.6

 
200.9

 
60.3

Deferred tax expense (benefit):
 
 
 
 
 
Federal
62.4

 
(9.7
)
 
(65.3
)
Total deferred tax expense (benefit)
62.4

 
(9.7
)
 
(65.3
)
Total income tax expense (benefit)
$
207.0

 
$
191.2

 
$
(5.0
)
Schedule of Effective Income Tax Rate Reconciliation
Income taxes were different from the amount computed by applying the federal income tax rate to income (loss) before income taxes for the following reasons for the periods indicated:
 
Year Ended December 31,
 
2013
 
2012
 
2011
Income (loss) before income taxes
$
490.5

 
$
516.6

 
$
315.3

Tax rate
35.0
%
 
35.0
%
 
35.0
%
Income tax expense (benefit) at federal statutory rate
171.7

 
180.8

 
110.4

Tax effect of:
 
 
 
 
 
Dividends received deduction
(26.6
)
 
(18.6
)
 
(37.0
)
Valuation allowance
67.6

 

 
(87.0
)
Audit settlements
(0.3
)
 
(0.3
)
 
3.7

Prior year tax

 
28.1

 

Other
(5.4
)
 
1.2

 
4.9

Income tax expense (benefit)
$
207.0

 
$
191.2

 
$
(5.0
)
Schedule of Deferred Tax Assets and Liabilities
The tax effects of temporary differences that give rise to deferred tax assets and deferred tax liabilities as of the dates indicated, are presented below.
 
December 31,
 
2013
 
2012
Deferred tax assets
 
 
 
Insurance reserves
$
166.7

 
$
255.4

Investments
231.8

 
87.5

Postemployment benefits
67.3

 
50.6

Compensation and benefits
35.8

 
44.4

Other assets

 
24.5

Total gross assets before valuation allowance
501.6

 
462.4

Less: Valuation allowance
11.1

 
11.1

Assets, net of valuation allowance
490.5

 
451.3

 
 
 
 
Deferred tax liabilities
 
 
 
Net unrealized investment (gains) losses
(310.5
)
 
(482.4
)
Deferred policy acquisition costs
(124.1
)
 
(143.8
)
Value of business acquired
(243.8
)
 
(332.2
)
Other liabilities
(2.2
)
 

Total gross liabilities
(680.6
)
 
(958.4
)
Net deferred income tax asset (liability)
$
(190.1
)
 
$
(507.1
)
Schedule of Unrecognized Tax Benefits Roll Forward
 
Year Ended December 31,
 
2013
 
2012
 
2011
Balance at beginning of period
$

 
$

 
$
23.0

Additions for tax positions related to prior years

 

 
4.5

Reductions for tax positions related to prior years

 

 
(4.5
)
Reductions for settlements with taxing authorities

 

 
(23.0
)
Balance at end of period
$

 
$

 
$