Income Taxes (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Significant Components of Income Taxes

The Company also files combined, unitary and separate income tax returns in various states.

10. Income Taxes (continued)

Significant Components of Income Taxes:	Years Ended December 31,
($ in millions)	2013			2012			2011
Income tax expense (benefit) attributable to:
Current	$	(21.7	)	$	27.7		$	0.6
Deferred	—			(11.5		)	(6.9		)
Income tax expense (benefit)	$	(21.7	)	$	16.2		$	(6.3	)

Reconciliation of Effective Income Tax Rate

Reconciliation of Effective Income Tax Rate:	Years Ended December 31,
($ in millions)	2013			2012			2011
Income (loss) before income taxes	$	34.0		$	(121.5	)	$	(26.3	)
Income tax expense (benefit) at statutory rate of 35.0%	11.9			(42.5		)	(9.2		)
Dividend received deduction	(1.2		)	(1.5		)	(2.0		)
Valuation allowance increase (release)	(31.7		)	60.2			4.1
Other, net	(0.7		)	—			0.8
Income tax expense (benefit)	$	(21.7	)	$	16.2		$	(6.3	)
Effective income tax rates	(63.8%)			(13.3%)			23.9%

Allocation of Income Tax

Allocation of Income Taxes:	Years Ended December 31,
($ in millions)	2013			2012		2011
Income tax expense (benefit)	$	(21.7	)	$	16.2	$	(6.3	)
Income tax from OCI:
Unrealized investment (gains) losses	(11.8		)	24.9		4.2
Pension	—			—		—
Policy dividend obligation and deferred policy acquisition cost	—			—		—
Other	—			—		—
Income tax related to cumulative effect of change in accounting	—			—		—
Total income tax recorded to all components of income	$	(33.5	)	$	41.1	$	(2.1	)

Deferred Income Tax

Deferred Income Tax Balances Attributable to Temporary Differences:	As of December 31,
($ in millions)	2013			2012
Deferred income tax assets
Future policyholder benefits	$	270.0		$	276.7
Unearned premiums / deferred revenues	—			—
Investments	—			—
Net operating and capital loss carryover benefits	—			1.7
Other	0.8			0.2
Available-for-sale debt securities	28.0			16.2
Alternative minimum tax credits	2.1			1.8
Subtotal	300.9			296.6
Valuation allowance	(74.2		)	(105.4		)
Total deferred income tax assets, net of valuation allowance	226.7			191.2
Deferred income tax liabilities
Deferred policy acquisition costs	(101.7		)	(92.2		)
Investments	(78.7		)	(77.8		)
Other	(18.3		)	(5.0		)
Gross deferred income tax liabilities	(198.7		)	(175.0		)
Net deferred income tax assets	$	28.0		$	16.2