Deferred Policy Acquisition Costs

12 Months Ended

Dec. 31, 2011

Deferred Policy Acquisition Costs

Deferred Policy Acquisition Costs

7. Deferred Policy Acquisition Costs

        Policy acquisition costs deferred and amortized were as follows:

	For the year ended December 31,
	2011			2010			2009
	(in millions)
Balance at beginning of year	$	3,529.8		$	3,681.4		$	4,153.0
Cost deferred during the year		520.5			496.3			482.4
Amortized to expense during the year (1)		(538.0	)		(205.9	)		(92.2	)
Adjustment related to unrealized gains on available-for-sale securities and derivative instruments		(198.8	)		(442.0	)		(861.8	)
Balance at end of year	$	3,313.5		$	3,529.8		$	3,681.4

(1)

Includes adjustments for revisions to estimated gross profits.