Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Significant Components of Income Taxes

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

Significant Components of Income Taxes:	For the years ended December 31,
($ in millions)	2014			2013			2012
Income tax expense (benefit) attributable to:
Current	$	21.1		$	(24.7	)	$	27.9
Deferred	(17.3		)	—			(10.9		)
Income tax expense (benefit)	$	3.8		$	(24.7	)	$	17.0

Reconciliation of Effective Income Tax Rate

Reconciliation of Effective Income Tax Rate:	For the years ended December 31,
($ in millions)	2014			2013			2012
Income (loss) before income taxes	$	(105.5	)	$	39.7		$	(122.1	)
Income tax expense (benefit) at statutory rate of 35.0%	(36.9		)	13.9			(42.7		)
Dividend received deduction	(2.0		)	(1.2		)	(1.5		)
Valuation allowance increase (release)	43.1			(36.8		)	61.3
Other, net	(0.4		)	(0.6		)	(0.1		)
Income tax expense (benefit)	$	3.8		$	(24.7	)	$	17.0
Effective income tax rates	(3.6%)			(62.2%)			(13.9%)

Allocation of Income Tax

Allocation of Income Taxes:	For the years ended December 31,
($ in millions)	2014		2013			2012
Income tax expense (benefit)	$	3.8	$	(24.7	)	$	17.0
Income tax from OCI:
Unrealized investment (gains) losses	31.9		(11.6		)	24.3
Income tax related to cumulative effect of change in accounting guidance	—		—			—
Total income tax recorded to all components of income	$	35.7	$	(36.3	)	$	41.3

Deferred Income Tax

Deferred Income Tax Balances Attributable to Temporary Differences:	As of December 31,
($ in millions)	2014			2013
Deferred income tax assets
Future policyholder benefits	$	309.2		$	264.3
Available-for-sale debt securities	13.1			27.8
Alternative minimum tax credits	2.1			2.1
Other	2.1			0.2
Subtotal	326.5			294.4
Valuation allowance	(127.9		)	(69.9		)
Total deferred income tax assets, net of valuation allowance	198.6			224.5
Deferred income tax liabilities
DAC	92.3			104.4
Investments	81.1			70.1
Other	12.1			22.2
Gross deferred income tax liabilities	185.5			196.7
Net deferred income tax assets	$	13.1		$	27.8