Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2013

Variable Interest Entities

Carrying Amounts of Assets and Liabilities of Consolidated Variable Interest Entities (Table)

	Grantor trusts		Collateralized private investment vehicle		CMBS		Mandatory retirement savings		Total
	(in millions)
December 31, 2013
Fixed maturities, available-for-sale	$	272.0	$	—	$	—	$	—	$	272.0
Fixed maturities, trading		—		110.4		—		—		110.4
Equity securities, trading		—		—		—		327.2		327.2
Other investments		—		—		68.1		—		68.1
Accrued investment income		0.3		—		0.6		—		0.9
Separate account assets		—		—		—		32,824.7		32,824.7
Total assets	$	272.3	$	110.4	$	68.7	$	33,151.9	$	33,603.3
Deferred income taxes	$	1.5	$	—	$	—	$	—	$	1.5
Separate account liabilities		—		—		—		32,824.7		32,824.7
Other liabilities (1)		217.2		93.8		31.4		—		342.4
Total liabilities	$	218.7	$	93.8	$	31.4	$	32,824.7	$	33,168.6
December 31, 2012
Fixed maturities, available-for-sale	$	194.6	$	—	$	—	$	—	$	194.6
Fixed maturities, trading		—		110.4		—		—		110.4
Equity securities, trading		—		—		—		—		—
Other investments		—		—		80.3		—		80.3
Accrued investment income		0.5		—		0.6		—		1.1
Total assets	$	195.1	$	110.4	$	80.9	$	—	$	386.4
Deferred income taxes	$	1.8	$	—	$	—	$	—	$	1.8
Other liabilities (1)		152.4		104.8		45.7		—		302.9
Total liabilities	$	154.2	$	104.8	$	45.7	$	—	$	304.7

(1)

Grantor trusts contain an embedded derivative of a forecasted transaction to deliver the underlying securities; the collateralized private investment vehicle includes derivative liabilities and an obligation to redeem notes at maturity or termination of the trust; and CMBS includes an obligation to the bondholders.

Asset Carrying Value and Maximum Loss Exposure of Unconsolidated Variable Interest Entities (Table)

	Asset carrying value		Maximum exposure to loss (1)
	(in millions)
December 31, 2013
Fixed maturities, available-for-sale:
Corporate	$	523.4	$	448.2
Residential mortgage-backed pass-through securities		2,845.2		2,799.1
Commercial mortgage-backed securities		4,026.4		4,078.0
Collateralized debt obligations		363.4		391.9
Other debt obligations		4,167.8		4,157.5
Fixed maturities, trading:
Residential mortgage-backed pass-through securities		47.5		47.5
Commercial mortgage-backed securities		1.8		1.8
Collateralized debt obligations		59.6		59.6
Other debt obligations		1.2		1.2
Other investments:
Other limited partnership interests		123.5		123.5
December 31, 2012
Fixed maturities, available-for-sale:
Corporate	$	523.2	$	403.7
Residential mortgage-backed pass-through securities		3,226.7		3,022.7
Commercial mortgage-backed securities		3,897.4		4,094.8
Collateralized debt obligations		379.2		428.8
Other debt obligations		3,779.2		3,756.9
Fixed maturities, trading:
Residential mortgage-backed pass-through securities		77.7		77.7
Commercial mortgage-backed securities		2.8		2.8
Collateralized debt obligations		56.4		56.4
Other debt obligations		3.2		3.2
Other investments:
Other limited partnership interests		136.2		136.2

(1)

Our risk of loss is limited to our initial investment measured at amortized cost for fixed maturities, available-for-sale and other investments. Our risk of loss is limited to our investment measured at fair value for our fixed maturities, trading.