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Deferred Policy Acquisition Costs
 6 Months Ended
Jun. 30, 2013
Deferred Policy Acquisition Costs Disclosures [Abstract]  
Deferred Policy Acquisition Costs
Deferred Policy Acquisition Costs

The balances of and changes in DAC as of and for the periods ended June 30, 2013 and 2012 are as follows:

Deferred Policy Acquisition Costs:
Three Months Ended
 
Six Months Ended
($ in millions)
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
 
 

 
As restated
and amended
 
 

 
As restated
and amended
 
 
 
 
 
 
 
 
Policy acquisition costs deferred
$
16.4

 
$
19.3

 
$
33.5

 
$
43.3

Costs amortized to expenses:
 

 
 

 
 

 
 

Recurring costs
(21.3
)
 
(38.8
)
 
(38.0
)
 
(73.1
)
Realized investment gains (losses)
(5.3
)
 
11.2

 
(2.6
)
 
4.8

Offsets to net unrealized investment gains or losses
  included in AOCI [1]
39.7

 
(20.7
)
 
44.0

 
(31.4
)
Change in deferred policy acquisition costs
29.5

 
(29.0
)
 
36.9

 
(56.4
)
Deferred policy acquisition costs, beginning of period
433.6

 
461.7

 
426.2

 
489.1

Deferred policy acquisition costs, end of period
$
463.1

 
$
432.7

 
$
463.1

 
$
432.7

———————
[1]
An offset to DAC and accumulated other comprehensive income (“AOCI”) is recorded each period to the extent that, had unrealized holding gains or losses from securities classified as available-for-sale actually been realized, an adjustment to DAC amortized using gross profits or gross margins would result.

During the six months ended June 30, 2013 and 2012, deferred expenses primarily consisted of commissions related to fixed indexed annuity sales.