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Interim Unaudited Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES:    
Net income (loss) $ (52.2)us-gaap_NetIncomeLoss $ (15.2)us-gaap_NetIncomeLoss
Net realized gains / losses 8.8us-gaap_RealizedInvestmentGainsLosses 35.1us-gaap_RealizedInvestmentGainsLosses
Policy acquisition costs deferred (24.9)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts (16.9)us-gaap_IncreaseDecreaseInDeferredPolicyAcquisitionCosts
Policy acquisition cost amortization 15.5us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense 16.7us-gaap_DeferredPolicyAcquisitionCostAmortizationExpense
Interest credited 25.9phlvic_InterestCredited 23.8phlvic_InterestCredited
Equity in earnings of limited partnerships and other investments (0.6)us-gaap_UndistributedEarnings (0.8)us-gaap_UndistributedEarnings
Change in:    
Accrued investment income (6.6)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable (5.9)us-gaap_IncreaseDecreaseInAccruedInvestmentIncomeReceivable
Deferred income taxes, net (0.8)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes (4.4)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Reinsurance recoverable (38.1)us-gaap_IncreaseDecreaseInReinsuranceRecoverable 26.5us-gaap_IncreaseDecreaseInReinsuranceRecoverable
Policy liabilities and accruals (45.7)us-gaap_IncreaseDecreaseInFuturePolicyBenefitReservesAndOtherInsuranceLiabilities (80.7)us-gaap_IncreaseDecreaseInFuturePolicyBenefitReservesAndOtherInsuranceLiabilities
Due to/from related parties 9.4us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent (13.9)us-gaap_IncreaseDecreaseInDueFromRelatedPartiesCurrent
Other operating activities, net 16.3us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet 17.7us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet
Cash provided by (used for) operating activities (93.0)us-gaap_NetCashProvidedByUsedInOperatingActivities (18.0)us-gaap_NetCashProvidedByUsedInOperatingActivities
Purchases of:    
Available-for-sale debt securities (329.5)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt (151.4)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt
Available-for-sale equity securities 0us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity 0us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesEquity
Short-term investments (159.8)us-gaap_PaymentsToAcquireShortTermInvestments (209.8)us-gaap_PaymentsToAcquireShortTermInvestments
Derivative instruments (17.5)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities (17.7)us-gaap_PaymentsForDerivativeInstrumentInvestingActivities
Fair value investments 0phlvic_FairValueInvestments 0phlvic_FairValueInvestments
Sales, repayments and maturities of:    
Available-for-sale debt securities 174.5phlvic_ProceedsFromSaleRepaymentsAndMaturitiesOfAvailableForSaleSecuritiesDebt 65.1phlvic_ProceedsFromSaleRepaymentsAndMaturitiesOfAvailableForSaleSecuritiesDebt
Available-for-sale equity securities 0phlvic_ProceedsFromSaleRepaymentsAndMaturitiesOfAvailableForSaleSecuritiesEquity 0phlvic_ProceedsFromSaleRepaymentsAndMaturitiesOfAvailableForSaleSecuritiesEquity
Short-term investments 169.7us-gaap_ProceedsFromSaleOfShortTermInvestments 99.9us-gaap_ProceedsFromSaleOfShortTermInvestments
Derivative instruments 19.8us-gaap_ProceedsFromDerivativeInstrumentFinancingActivities 30.1us-gaap_ProceedsFromDerivativeInstrumentFinancingActivities
Fair value investments 0.6us-gaap_FairValueOptionChangesInFairValueGainLoss1 0.9us-gaap_FairValueOptionChangesInFairValueGainLoss1
Contributions to limited partnerships and limited liability corporations (0.1)phlvic_ContributionsToLimitedPartnerships (0.5)phlvic_ContributionsToLimitedPartnerships
Distributions from limited partnerships and limited liability corporations 0.4phlvic_DistributionFromLimitedPartnerships 0.7phlvic_DistributionFromLimitedPartnerships
Policy loans, net (0.5)us-gaap_PaymentsForProceedsFromLifeInsurancePolicies (0.7)us-gaap_PaymentsForProceedsFromLifeInsurancePolicies
Other investing activities, net 2.1us-gaap_PaymentsForProceedsFromOtherInvestingActivities (1.8)us-gaap_PaymentsForProceedsFromOtherInvestingActivities
Cash provided by (used for) investing activities (140.3)us-gaap_NetCashProvidedByUsedInInvestingActivities (185.2)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES:    
Policyholder deposits 254.8us-gaap_AdditionsToContractHoldersFunds 230.4us-gaap_AdditionsToContractHoldersFunds
Policyholder withdrawals (163.8)us-gaap_WithdrawalFromContractHoldersFunds (164.4)us-gaap_WithdrawalFromContractHoldersFunds
Net transfers (to) from separate accounts 73.9phlvic_NetTransfersFromSeparateAccounts 97.1phlvic_NetTransfersFromSeparateAccounts
Cash provided by (used for) financing activities 164.9us-gaap_NetCashProvidedByUsedInFinancingActivities 163.1us-gaap_NetCashProvidedByUsedInFinancingActivities
Change in cash and cash equivalents (68.4)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (40.1)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents, beginning of period 162.3us-gaap_CashAndCashEquivalentsAtCarryingValue 181.0us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents, end of period 93.9us-gaap_CashAndCashEquivalentsAtCarryingValue 140.9us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental Disclosure of Cash Flow Information    
Income taxes (paid) refunded (21.9)us-gaap_IncomeTaxesPaidNet 14.5us-gaap_IncomeTaxesPaidNet
Non-Cash Transactions During the Period    
Investment exchanges $ 5.6phlvic_InvestmentExchanges $ 8.9phlvic_InvestmentExchanges