XML 17 R78.htm IDEA: XBRL DOCUMENT v2.4.1.9
Level 3 Assets - Unobservable inputs (Details) (Level 3, USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
U.S. government and agency
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
U.S. government and agency 80.2us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
58.8us-gaap_FinancialInstrumentsOwnedUSGovernmentAndAgencyObligationsAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
U.S. government and agency | Minimum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 1.02%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
1.07%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
U.S. government and agency | Maximum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 3.64%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
5.00%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
U.S. government and agency | Weighted Average
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 2.75%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
3.18%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USTreasuryAndGovernmentMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
State and political subdivision
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
State and political subdivision 65.9us-gaap_MunicipalDebtSecuritiesAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
45.4us-gaap_MunicipalDebtSecuritiesAtCarryingValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
State and political subdivision | Minimum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 2.34%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
2.44%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
State and political subdivision | Maximum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 4.50%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
5.79%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
State and political subdivision | Weighted Average
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 3.33%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
3.88%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_USStatesAndPoliticalSubdivisionsMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
Corporate
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Corporate 1,053.3us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
874.8us-gaap_FinancialInstrumentsOwnedCorporateDebtAtFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
Corporate | Minimum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 0.93%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
1.06%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Corporate | Maximum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 6.88%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
6.75%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Corporate | Weighted Average
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 3.35%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
3.82%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_CorporateDebtSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
Other asset-backed (“ABS”)
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Other asset-backed 9.8pnx_OtherAssetBackedSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
11.3pnx_OtherAssetBackedSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
Default rate   2.53%us-gaap_FairValueInputsProbabilityOfDefault
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
Default rate term 2   0.37%pnx_FairValueInputsProbabilityofDefaultTermTwo
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
Recovery rate   10.00%pnx_FairValueInputsRecoveryRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
Prepayment rate   2.00%us-gaap_FairValueInputsPrepaymentRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
Other asset-backed (“ABS”) | Minimum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 1.83%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
2.10%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MinimumMember
Other asset-backed (“ABS”) | Maximum
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 3.01%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
3.41%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_MaximumMember
Other asset-backed (“ABS”) | Weighted Average
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Yield 2.01%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
2.30%pnx_FairValueInputsYieldRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= us-gaap_AssetBackedSecuritiesMember
/ us-gaap_RangeAxis
= us-gaap_WeightedAverageMember
Fair value investments
   
Fair Value, Option, Quantitative Disclosures [Line Items]    
Fair value investments 1.0pnx_OptionInvestmentsFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= pnx_FairValueInvestmentsMember
0.8pnx_OptionInvestmentsFairValue
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= pnx_FairValueInvestmentsMember
Default rate 0.17%us-gaap_FairValueInputsProbabilityOfDefault
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= pnx_FairValueInvestmentsMember
0.25%us-gaap_FairValueInputsProbabilityOfDefault
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= pnx_FairValueInvestmentsMember
Recovery rate 44.00%pnx_FairValueInputsRecoveryRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= pnx_FairValueInvestmentsMember
45.00%pnx_FairValueInputsRecoveryRate
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
/ us-gaap_MajorTypesOfDebtAndEquitySecuritiesAxis
= pnx_FairValueInvestmentsMember