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Reinsurance (Tables)
6 Months Ended
Jun. 30, 2013
Reinsurance Disclosures [Abstract]  
Reinsurance activity
Other reinsurance activity is shown below.

Direct Business and Reinsurance:
Three Months Ended
 
Six Months Ended
($ in millions)
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
 
 

 
As restated
and amended
 
 

 
As restated
and amended
 
 
 
 
 
 
 
 
Direct premiums
$
22.3

 
$
17.6

 
$
42.1

 
$
36.1

Premiums ceded to non-affiliate reinsurers [1]
(17.2
)
 
(15.9
)
 
(33.9
)
 
(33.7
)
Premiums
$
5.1

 
$
1.7

 
$
8.2

 
$
2.4

 
 
 
 
 
 
 
 
Direct policy benefits incurred
$
42.3

 
$
79.2

 
$
97.4

 
$
139.4

Policy benefits assumed from non-affiliate reinsureds

 
1.5

 

 
1.5

Policy benefits ceded to:
 

 
 

 
 

 
 

  Affiliate reinsurers
(9.0
)
 
(0.4
)
 
(9.0
)
 
(2.3
)
  Non-affiliate reinsurers
(14.4
)
 
(40.2
)
 
(34.0
)
 
(73.7
)
Policy benefits ceded to reinsurers
(23.4
)
 
(40.6
)
 
(43.0
)
 
(76.0
)
Premiums paid to:
 

 
 

 
 

 
 

  Affiliate reinsurers
5.8

 
5.1

 
11.1

 
9.5

  Non-affiliate reinsurers
7.8

 
9.7

 
10.7

 
23.7

Premiums paid to reinsurers [2]
13.6

 
14.8

 
21.8

 
33.2

Policy benefits [3]
$
32.5

 
$
54.9

 
$
76.2

 
$
98.1

———————
[1]
Primarily represents premiums ceded to reinsurers related to term insurance policies.
[2]
For universal life and variable universal life contracts, premiums paid to reinsurers are reflected within policy benefits. See Note 3 to these financial statements for additional information regarding significant accounting policies.
[3]
Policy benefit amounts above exclude changes in reserves, interest credited to policyholders and other items, which total $58.9 million and $36.7 million, net of reinsurance, for the three months ended June 30, 2013 and 2012, respectively, and $103.7 million and $55.3 million, net of reinsurance, for the six months ended June 30, 2013 and 2012, respectively.