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Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
 6 Months Ended
Jun. 30, 2016
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired
The following tables present a rollforward of DAC and VOBA for the periods indicated:
 
2016
 
DAC
 
VOBA
 
Total
Balance as of January 1, 2016
$
520.4

 
$
708.7

 
$
1,229.1

Deferrals of commissions and expenses
37.3

 
2.8

 
40.1

Amortization:
 
 
 
 
 
Amortization
(24.2
)
 
(18.6
)
 
(42.8
)
Interest accrued(1)
18.8

 
27.2

 
46.0

Net amortization included in the Condensed Consolidated Statements of Operations
(5.4
)
 
8.6

 
3.2

Change due to unrealized capital gains/losses on available-for-sale securities
(164.5
)
 
(247.5
)
 
(412.0
)
Balance as of June 30, 2016
$
387.8

 
$
472.6

 
$
860.4


 
2015
 
DAC
 
VOBA
 
Total
Balance as of January 1, 2015
$
396.5

 
$
526.8

 
$
923.3

Deferrals of commissions and expenses
36.6

 
2.9

 
39.5

Amortization:
 
 
 
 
 
Amortization
(50.3
)
 
(48.4
)
 
(98.7
)
Interest accrued(1)
18.1

 
28.5

 
46.6

Net amortization included in the Condensed Consolidated Statements of Operations
(32.2
)
 
(19.9
)
 
(52.1
)
Change due to unrealized capital gains/losses on available-for-sale securities
59.2

 
121.0

 
180.2

Balance as of June 30, 2015
$
460.1

 
$
630.8

 
$
1,090.9

(1) Interest accrued at the following rates for VOBA: 5.5% to 7.0% during 2015 and 2016.