Deferred Policy Acquisition Costs and Value of Business Acquired

Activity within deferred policy acquisition costs ("DAC") and value of business acquired ("VOBA") was as follows for the periods indicated:



	DAC			VOBA			Total
Balance at January 1, 2014	$	476.2		$	696.6		$	1,172.8
Deferrals of commissions and expenses	16.3			1.9			18.2
Amortization:
Amortization	(17.2		)	(26.7		)	(43.9		)
Interest accrued⁽¹⁾	8.9			15.2			24.1
Net amortization included in the Condensed Consolidated Statements of Operations	(8.3		)	(11.5		)	(19.8		)
Change in unrealized capital gains/losses on available-for-sale securities	(54.8		)	(79.2		)	(134.0		)
Balance at March 31, 2014	$	429.4		$	607.8		$	1,037.2



	DAC			VOBA			Total
Balance at January 1, 2013	$	296.5		$	381.4		$	677.9
Deferrals of commissions and expenses	19.2			1.8			21.0
Amortization:
Amortization	(18.5		)	(23.5		)	(42.0		)
Interest accrued⁽¹⁾	8.2			15.2			23.4
Net amortization included in the Condensed Consolidated Statements of Operations	(10.3		)	(8.3		)	(18.6		)
Change in unrealized capital gains/losses on available-for-sale securities	30.0			68.1			98.1
Balance at March 31, 2013	$	335.4		$	443.0		$	778.4

⁽¹⁾Interest accrued at the following rates for VOBA: 5.5% to 7.0% during 2014 and 1.0% to 7.0% during 2013.