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Deferred Policy Acquisition Costs and Value of Business Acquired (Tables)
 9 Months Ended
Sep. 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
56.5

 
4.1

 
60.6

Amortization:
 
 
 
 
 
Amortization
(71.8
)
 
(115.2
)
 
(187.0
)
Interest accrued(1)
31.1

 
39.6

 
70.7

Net amortization included in the Condensed Consolidated Statements of Operations
(40.7
)
 
(75.6
)
 
(116.3
)
Change due to unrealized capital gains/losses on available-for-sale securities
(185.9
)
 
(262.3
)
 
(448.2
)
Balance as of September 30, 2016
$
350.3

 
$
374.9

 
$
725.2


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

 
$
526.8

 
$
923.3

Deferrals of commissions and expenses
56.0

 
4.4

 
60.4

Amortization:
 
 
 
 
 
Amortization
(85.9
)
 
(99.6
)
 
(185.5
)
Interest accrued(1)
27.1

 
42.3

 
69.4

Net amortization included in the Condensed Consolidated Statements of Operations
(58.8
)
 
(57.3
)
 
(116.1
)
Change due to unrealized capital gains/losses on available-for-sale securities
70.2

 
154.0

 
224.2

Balance as of September 30, 2015
$
463.9

 
$
627.9

 
$
1,091.8

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