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Interim Unaudited Statements of Operations and Comprehensive Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
REVENUES:        
Premiums $ 5.5 $ 4.7 $ 8.5 $ 7.5
Insurance and investment product fees 89.4 88.3 179.3 177.3
Net investment income 48.3 42.0 95.4 82.0
Net realized gains (losses):        
Total other-than-temporary impairment (“OTTI”) losses (0.1) 0.0 (0.2) 0.0
Portion of OTTI losses recognized in other comprehensive income (“OCI”) 0.0 0.0 (0.1) 0.0
Net OTTI losses recognized in earnings (0.1) 0.0 (0.3) 0.0
Net realized gains (losses), excluding OTTI losses 1.4 (1.9) (7.2) (37.0)
Net realized gains (losses) 1.3 (1.9) (7.5) (37.0)
Total revenues 144.5 133.1 275.7 229.8
BENEFITS AND EXPENSES:        
Policy benefits 114.7 84.9 214.4 157.0
Policy acquisition cost amortization 20.8 20.2 36.3 36.9
Other operating expenses 34.7 26.4 100.1 49.9
Total benefits and expenses 170.2 131.5 350.8 243.8
Income (loss) before income taxes (25.7) 1.6 (75.1) (14.0)
Income tax expense (benefit) (89.8) 5.6 (87.0) 5.2
Net income (loss) 64.1 (4.0) 11.9 (19.2)
COMPREHENSIVE INCOME (LOSS):        
Net income (loss) 64.1 (4.0) 11.9 (19.2)
Other comprehensive income (loss) before income taxes:        
Unrealized investment gains (losses), net of related offsets (33.3) 36.6 (31.6) 49.6
Less: Income tax expense (benefit) related to:        
Unrealized investment gains (losses), net of related offsets (14.3) 6.9 (11.3) 21.3
Other comprehensive income (loss), net of income taxes (19.0) 29.7 (20.3) 28.3
Comprehensive income (loss) $ 45.1 $ 25.7 $ (8.4) $ 9.1