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Fair Value Disclosures (Tables)
 12 Months Ended
Dec. 31, 2017
Fair Value Disclosures [Abstract]  
Schedule of the Company's Fair Value Hierarchy for Assets and Liabilities Measured at Fair Value on a Recurring Basis
The following tables present the Company's fair value hierarchy for assets and liabilities measured at fair value on a recurring basis as of December 31, 2017 and 2016. The amounts presented below for Cash equivalents differ from the amounts presented in the balance sheet because only certain investments or certain assets and liabilities within these line items are measured at estimated fair value. The fair value amount and the majority of the associated levels presented for Assets and Liabilities held in separate accounts are received directly from third parties.
 
 
December 31, 2017
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Assets
Fixed maturity securities:
United States government and government agencies and authorities
 
$
0.8

 
$
—

 
 
$
0.8

 
 
$
—

State, municipalities and political subdivisions
 
4.2

 
—

 
 
4.2

 
 
—

Foreign governments
 
0.4

 
—

 
 
0.4

 
 
—

Asset-backed
 
8.2

 
—

 
 
7.5

 
 
0.7

Residential mortgage-backed
 
3.2

 
—

 
 
3.2

 
 
—

U.S. Corporate
 
29.4

 
—

 
 
29.4

 
 
—

Foreign Corporate
 
8.4

 
—

 
 
8.4

 
 
—

Equity securities:
 
 
 
 
 
 
 
 
 
 
Non-redeemable preferred stocks
 
0.2

 
—

 
 
0.2

 
 
—

Short-term investments
 
1.3

 
1.3

(a)
 
—

 
 
—

Cash equivalents
 
0.5

 
0.5

(a)
 
—

 
 
—

Assets held in separate accounts
 
11.0

 
6.1

(b)
 
4.9

(c)
 
—

Total financial assets
 
$
67.6

 
$
7.9

 
 
$
59.0

 
 
$
0.7

Financial Liabilities
 
 
 
 
 
 
 
 
 
 
Liabilities related to separate accounts
 
$
11.0

 
$
6.1

(b)
 
$
4.9

(c)
 
$
—

 
 
December 31, 2016
 
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Assets
Fixed maturity securities:
United States government and government
agencies and authorities
 
$
0.8

 
$
—

 
 
$
0.8

 
 
$
—

State, municipalities and political subdivisions
 
6.8

 
—

 
 
6.8

 
 
—

Foreign governments
 
0.4

 
—

 
 
0.4

 
 
—

Residential mortgage-backed
 
3.6

 
—

 
 
3.6

 
 
—

U.S. Corporate
 
19.6

 
—

 
 
18.7

 
 
0.9

Foreign Corporate
 
4.4

 
—

 
 
4.4

 
 
—

Equity securities:
 
 
 
 
 
 
 
 
 
 
Non-redeemable preferred stocks
 
0.2

 
—

 
 
0.2

 
 
—

Short-term investments
 
9.7

 
2.5

(a)
 
7.2

(c)
 
—

Cash equivalents
 
25.2

 
25.2

(a)
 
—

 
 
—

Assets held in separate accounts
 
10.8

 
7.1

(b)
 
3.7

(c)
 
—

Total financial assets
 
$
81.5

 
$
34.8

 
 
$
45.8

 
 
$
0.9

Financial Liabilities
 
 
 
 
 
 
 
 
 
 
Liabilities related to separate accounts
 
$
10.8

 
$
7.1

(b)
 
$
3.7

(c)
 
$
—

a.  Mainly includes money market funds.
b.  Mainly includes mutual funds.
c.  Mainly includes fixed maturity securities.
Summary of the Change in Balance Sheet Carrying Value Associated with Level 3 Financial Assets Carried at Fair Value
The following table summarizes the change in balance sheet carrying value associated with Level 3 financial assets carried at fair value during the year ended December 31, 2017:
 
Year Ended December 31, 2017
 
Balance, beginning of period
 
Purchases
 
Sales
 
Transfers out (1)
 
Balance, end of period
Fixed maturity securities:
 
 
 
 
 
 
 
 
 
Asset-backed securities
$
—

 
$
7.7

 
$
—

 
$
(7.0
)
 
$
0.7

U.S. corporate
0.9

 
—

 
(0.1
)
 
(0.8
)
 
—

Total level 3 assets
$
0.9

 
$
7.7

 
$
(0.1
)
 
$
(7.8
)
 
$
0.7

(1) Transfers are primarily attributable to changes in the availability of observable market information and re-evaluation of the observability of pricing inputs.
Schedule of Carrying Value, Fair Value Amount and Hierarchy Level of the Financial Instruments That Are Not Recognized or Are Not Carried at Fair Value
The following tables disclose the carrying value, fair value amount and hierarchy level of the financial instruments that are not recognized or are not carried at fair value in the balance sheet:
 
 
December 31, 2017
 
 
 
 
Fair Value
 
 
Carrying
Value
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Liabilities
Policy reserves under investment products
 (Individual and group annuities, subject to
 discretionary withdrawal) (1)
 
$
5.8

 
$
6.3

 
$
—

 
$
—

 
$
6.3

Funds withheld under reinsurance
 
0.1

 
0.1

 
0.1

 
—

 
—

Total financial liabilities
 
$
5.9

 
$
6.4

 
$
0.1

 
$
—

 
$
6.3

 
 
December 31, 2016
 
 
 
 
Fair Value
 
 
Carrying
Value
 
Total
 
Level 1
 
Level 2
 
Level 3
Financial Liabilities
Policy reserves under investment products
 (Individual and group annuities, subject to
 discretionary withdrawal) (1)
 
$
5.4

 
$
6.2

 
$
—

 
$
—

 
$
6.2

Funds withheld under reinsurance
 
0.2

 
0.2

 
0.2

 
—

 
—

Total financial liabilities
 
$
5.6

 
$
6.4

 
$
0.2

 
$
—

 
$
6.2

(1)  Only the fair value of the Company's policy reserves for investment-type contracts (those without significant mortality or morbidity risk) are reflected in the table above.