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Statements of Income and Comprehensive Income (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended 9 Months Ended 12 Months Ended
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2012
Sep. 30, 2012
Jun. 30, 2012
Mar. 31, 2012
Jun. 30, 2013
Sep. 30, 2013
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUES:                          
Premiums $ 2.6 $ 3.1 $ 5.1 $ 3.1         $ 8.2 $ 11.3 $ 13.9 $ 8.5 $ 2.3
Insurance and investment product fees 96.3 94.0 87.2 90.1         177.3 271.3 367.6 365.3 394.3
Net investment income 37.4 36.3 34.1 33.0         67.1 103.4 140.8 130.9 101.1
Net realized investment gains (losses):                          
Total other-than-temporary impairment (“OTTI”) losses (0.6) (0.2) 0 (0.3)         (0.3) (0.5) (1.1) (5.0) (10.1)
Portion of OTTI losses recognized in other comprehensive income (“OCI”) 0 0 (0.2) (0.7)         (0.9) (0.9) (0.9) 2.2 6.9
Net OTTI losses recognized in earnings (0.6) (0.2) (0.2) (1.0)         (1.2) (1.4) (2.0) (2.8) (3.2)
Net realized investment gains (losses), excluding OTTI losses 13.5 (2.6) 10.9 (16.4)         (5.5) (8.1) 5.4 (19.5) (16.2)
Net realized investment gains (losses) 12.9 (2.8) 10.7 (17.4)         (6.7) (9.5) 3.4 (22.3) (19.4)
Total revenues 149.2 130.6 137.1 108.8 [1] 114.9 130.2 111.7 125.6 245.9 376.5 525.7 482.4 478.3
BENEFITS AND EXPENSES:                          
Policy benefits 14.8 91.8 91.4 88.5         179.9 271.7 286.5 396.8 302.6
Policy acquisition cost amortization 25.6 22.2 26.6 14.0         40.6 62.8 88.4 103.5 109.5
Other operating expenses 27.6 29.2 31.4 28.6         60.0 89.2 116.8 103.6 92.5
Total benefits and expenses 68.0 143.2 149.4 131.1 [1] 124.8 206.5 143.3 129.3 280.5 423.7 491.7 603.9 504.6
Income (loss) before income taxes 81.2 (12.6) (12.3) (22.3)         (34.6) (47.2) 34.0 (121.5) (26.3)
Income tax expense (benefit) (5.5) 2.6 (16.9) (1.9) [1] (7.4) 4.3 0.5 18.8 (18.8) (16.2) (21.7) 16.2 (6.3)
Net income (loss) 86.7 (15.2) 4.6 (20.4) [1] (2.5) (80.6) (32.1) (22.5) (15.8) (31.0) 55.7 (137.7) (20.0)
COMPREHENSIVE INCOME (LOSS):                          
Net income (loss) 86.7 (15.2) 4.6 (20.4) [1] (2.5) (80.6) (32.1) (22.5) (15.8) (31.0) 55.7 (137.7) (20.0)
Unrealized investment gains (losses), net of related offsets (19.6) 9.9 (12.1) (13.3)         (25.4) (15.5) (35.1) 33.7 19.7
Less: Income tax expense (benefit) related to:                          
Unrealized investment gains (losses), net of related offsets (2.1) (0.3) (12.1) 2.7         (9.4) (9.7) (11.8) 24.9 4.2
Other comprehensive income (loss), net of income taxes (17.5) 10.2 0 (16.0)         (16.0) (5.8) (23.3) 8.8 15.5
Comprehensive income (loss) $ 69.2 $ (5.0) $ 4.6 $ (36.4)         $ (31.8) $ (36.8) $ 32.4 $ (128.9) $ (4.5)
[1] Results for the quarter ended March 31, 2013 include $3.2 million of income (loss) related to out of period adjustments. Such amounts are not material to any period presented.