XML 35 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2016
Equity [Abstract]  
Schedule of Accumulated Other Comprehensive Income (Loss)
Shareholder’s equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
 
September 30,
 
 
2016
 
2015
 
Fixed maturities, net of OTTI
$
1,950.2

 
$
856.2

 
Equity securities, available-for-sale
16.6

 
14.7

 
Derivatives
207.5

 
215.0

 
DAC/VOBA and Sales inducements adjustment on available-for-sale securities
(645.4
)
 
(328.0
)
 
Premium deficiency reserve adjustment
(127.3
)
 
(86.4
)
 
Other
—

 
0.1

 
Unrealized capital gains (losses), before tax
1,401.6

 
671.6

 
Deferred income tax asset (liability)
(367.2
)
 
(111.7
)
 
Unrealized capital gains (losses), after tax
1,034.4

 
559.9

 
Pension and other postretirement benefits liability, net of tax
5.9

 
7.3

 
AOCI
$
1,040.3

 
$
567.2

 
Schedule of Amounts Recognized in Other Comprehensive Income (Loss)
Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2016
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
93.6

 
$
(36.0
)
 
$
57.6

 
Equity securities
0.8

 
(0.3
)
 
0.5

 
OTTI
0.4

 
(0.1
)
 
0.3

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
2.9

 
(1.0
)
 
1.9

 
DAC/VOBA and Sales inducements
(36.7
)
 
12.9

 
(23.8
)
 
Premium deficiency reserve adjustment
(15.3
)
 
5.4

 
(9.9
)
 
Change in unrealized gains/losses on available-for-sale securities
45.7

 
(19.1
)
 
26.6

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
(2.8
)
(1) 
1.0

 
(1.8
)
 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(5.0
)
 
1.8

 
(3.2
)
 
Change in unrealized gains/losses on derivatives
(7.8
)
 
2.8

 
(5.0
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(0.5
)
 
0.2

 
(0.3
)
 
Change in pension and other postretirement benefits liability
(0.5
)
 
0.2

 
(0.3
)
 
Change in Other comprehensive income (loss)
$
37.4

 
$
(16.1
)
 
$
21.3

 
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.



 
Nine Months Ended September 30, 2016
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
1,460.5

 
$
(509.1
)
 
$
951.4

 
Equity securities
2.0

 
(0.7
)
 
1.3

 
OTTI
1.2

 
(0.4
)
 
0.8

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
50.5

 
(17.7
)
 
32.8

 
DAC/VOBA and Sales inducements
(449.0
)
(1) 
157.2

 
(291.8
)
 
Premium deficiency reserve adjustment
(60.8
)
 
21.3

 
(39.5
)
 
Change in unrealized gains/losses on available-for-sale securities
1,004.4

 
(349.4
)
 
655.0

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
12.9

(2) 
(4.5
)
 
8.4

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(13.7
)
 
4.8

 
(8.9
)
 
Change in unrealized gains/losses on derivatives
(0.8
)
 
0.3

 
(0.5
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.6
)
 
0.6

 
(1.0
)
 
Change in pension and other postretirement benefits liability
(1.6
)
 
0.6

 
(1.0
)
 
Change in Other comprehensive income (loss)
$
1,002.0

 
$
(348.5
)
 
$
653.5

 
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.







 
 
 
 
 
 
 
 
Three Months Ended September 30, 2015
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
(137.4
)
 
$
47.7

 
$
(89.7
)
 
Equity securities
—

 
—

 
—

 
OTTI
0.6

 
(0.2
)
 
0.4

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
26.1

 
(9.2
)
 
16.9

 
DAC/VOBA and Sales inducements
44.0

 
(15.4
)
 
28.6

 
Premium deficiency reserve adjustment
8.4

 
(2.9
)
 
5.5

 
Change in unrealized gains/losses on available-for-sale securities
(58.3
)
 
20.0

 
(38.3
)
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
17.3

(1) 
(6.0
)
 
11.3

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(3.3
)
 
1.2

 
(2.1
)
 
Change in unrealized gains/losses on derivatives
14.0

 
(4.8
)
 
9.2

 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(0.6
)
 
0.2

 
(0.4
)
 
Change in pension and other postretirement benefits liability
(0.6
)
 
0.2

 
(0.4
)
 
Change in Other comprehensive income (loss)
$
(44.9
)
 
$
15.4

 
$
(29.5
)
 
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.


 
Nine Months Ended September 30, 2015
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
(736.2
)
 
$
255.5

 
$
(480.7
)
 
Equity securities
(0.1
)
 
—

 
(0.1
)
 
OTTI
2.3

 
(0.8
)
 
1.5

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
36.8

 
(12.9
)
 
23.9

 
DAC/VOBA and Sales inducements
224.4

(1) 
(78.5
)
 
145.9

 
Premium deficiency reserve adjustment
43.4

 
(15.2
)
 
28.2

 
Change in unrealized gains/losses on available-for-sale securities
(429.4
)
 
148.1

 
(281.3
)
 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
22.6

(2) 
(7.9
)
 
14.7

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(10.2
)
 
3.6

 
(6.6
)
 
Change in unrealized gains/losses on derivatives
12.4

 
(4.3
)
 
8.1

 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.7
)
 
0.6

 
(1.1
)
 
Change in pension and other postretirement benefits liability
(1.7
)
 
0.6

 
(1.1
)
 
Change in Other comprehensive income (loss)
$
(418.7
)
 
$
144.4

 
$
(274.3
)
 
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.