Closed Block (Tables)

12 Months Ended

Dec. 31, 2011

Closed Block

Closed Block Liabilities and Assets Designated to the Closed Block (Table)

	December 31,
	2011		2010
	(in millions)
Closed Block liabilities
Future policy benefits and claims	$	4,829.6	$	5,003.1
Other policyholder funds		20.6		21.7
Policyholder dividends payable		283.2		294.2
Policyholder dividends obligation		3.1		—
Other liabilities		35.9		79.2
Total Closed Block liabilities		5,172.4		5,398.2
Assets designated to the Closed Block
Fixed maturities, available-for-sale		2,744.7		2,833.7
Fixed maturities, trading		23.2		29.5
Equity securities, available-for-sale		6.1		11.2
Mortgage loans		691.0		677.9
Policy loans		697.7		725.4
Other investments		172.5		163.5
Total investments		4,335.2		4,441.2
Cash and cash equivalents		3.0		—
Accrued investment income		59.6		64.3
Premiums due and other receivables		13.8		17.9
Deferred income tax asset		42.0		60.2
Total assets designated to the Closed Block		4,453.6		4,583.6
Excess of Closed Block liabilities over assets designated to the Closed Block		718.8		814.6
Amounts included in accumulated other comprehensive income		68.2		33.0
Maximum future earnings to be recognized from Closed Block assets and liabilities	$	787.0	$	847.6

Closed Block Revenues and Expenses (Table)

	For the year ended December 31,
	2011			2010			2009
	(in millions)
Revenues
Premiums and other considerations	$	428.8		$	459.3		$	508.6
Net investment income		238.2			257.6			268.6
Net realized capital gains (losses)		7.9			1.8			(23.5	)
Total revenues		674.9			718.7			753.7
Expenses
Benefits, claims and settlement expenses		370.7			385.5			422.1
Dividends to policyholders		204.2			215.1			235.9
Operating expenses		2.9			6.4			6.8
Total expenses		577.8			607.0			664.8
Closed Block revenues, net of Closed Block expenses, before income taxes		97.1			111.7			88.9
Income taxes		31.2			36.2			28.1
Closed Block revenues, net of Closed Block expenses and income taxes		65.9			75.5			60.8
Funding adjustment charges		(5.3	)		(9.6	)		(6.6	)
Closed Block revenues, net of Closed Block expenses, income taxes and funding adjustment charges	$	60.6		$	65.9		$	54.2

Change in Maximum Future Earnings of the Closed Block (Table)

	For the year ended December 31,
	2011			2010			2009
	(in millions)
Beginning of year	$	847.6		$	913.5		$	967.7
End of year		787.0			847.6			913.5
Change in maximum future earnings	$	(60.6	)	$	(65.9	)	$	(54.2	)