XML 47 R22.htm IDEA: XBRL DOCUMENT v2.4.0.8
Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
 6 Months Ended
Jun. 30, 2014
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired
Activity within DAC and 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
32.0

 
3.5

 
35.5

Amortization:
 
 
 
 
 
Amortization
(31.8
)
 
(43.0
)
 
(74.8
)
Interest accrued(1)
17.9

 
30.2

 
48.1

Net amortization included in the Condensed Consolidated Statements of Operations
(13.9
)
 
(12.8
)
 
(26.7
)
Change in unrealized capital gains/losses on available-for-sale securities
(94.8
)
 
(149.9
)
 
(244.7
)
Balance at June 30, 2014
$
399.5

 
$
537.4

 
$
936.9


 
DAC
 
VOBA
 
Total
Balance at January 1, 2013
$
296.5

 
$
381.4

 
$
677.9

Deferrals of commissions and expenses
36.4

 
3.8

 
40.2

Amortization:
 
 
 
 
 
Amortization
(41.9
)
 
(52.0
)
 
(93.9
)
Interest accrued(1)
16.6

 
30.4

 
47.0

Net amortization included in the Condensed Consolidated Statements of Operations
(25.3
)
 
(21.6
)
 
(46.9
)
Change in unrealized capital gains/losses on available-for-sale securities
125.8

 
286.0

 
411.8

Balance at June 30, 2013
$
433.4

 
$
649.6

 
$
1,083.0

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