Closed Block (Tables)

12 Months Ended

Dec. 31, 2014

Closed Block

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

	December 31, 2014		December 31, 2013
	(in millions)
Closed Block liabilities
Future policy benefits and claims	$	4,366.5	$	4,532.0
Other policyholder funds		9.6		10.5
Policyholder dividends payable		259.2		270.5
Policyholder dividends obligation		165.2		111.6
Deferred income taxes		—		2.2
Other liabilities		17.6		24.7
Total Closed Block liabilities		4,818.1		4,951.5
Assets designated to the Closed Block
Fixed maturities, available-for-sale		2,399.5		2,470.9
Fixed maturities, trading		11.9		13.4
Equity securities, available-for-sale		3.8		3.6
Mortgage loans		912.1		828.6
Policy loans		610.0		644.2
Other investments		101.1		118.5
Total investments		4,038.4		4,079.2
Cash and cash equivalents		29.2		70.3
Accrued investment income		48.8		49.5
Premiums due and other receivables		13.6		11.7
Deferred tax asset		58.1		66.2
Other assets		—		2.2
Total assets designated to the Closed Block		4,188.1		4,279.1
Excess of Closed Block liabilities over assets designated to the Closed Block		630.0		672.4
Amounts included in accumulated other comprehensive income		18.9		12.9
Maximum future earnings to be recognized from Closed Block assets and liabilities	$	648.9	$	685.3

Closed Block Revenues and Expenses (Table)

	For the year ended December 31,
	2014			2013			2012
	(in millions)
Revenues
Premiums and other considerations	$	351.9		$	379.9		$	397.4
Net investment income		201.9			207.7			222.8
Net realized capital gains (losses)		(2.3	)		(12.3	)		3.6
Total revenues		551.5			575.3			623.8
Expenses
Benefits, claims and settlement expenses		313.3			320.1			325.7
Dividends to policyholders		173.2			184.4			192.6
Operating expenses		4.3			4.7			4.9
Total expenses		490.8			509.2			523.2
Closed Block revenues, net of Closed Block expenses, before income taxes		60.7			66.1			100.6
Income taxes		19.5			21.1			32.6
Closed Block revenues, net of Closed Block expenses and income taxes		41.2			45.0			68.0
Funding adjustment charges		(4.8	)		(6.5	)		(4.8	)
Closed Block revenues, net of Closed Block expenses, income taxes and funding adjustment charges	$	36.4		$	38.5		$	63.2

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

	For the year ended December 31,
	2014			2013			2012
	(in millions)
Beginning of year	$	685.3		$	723.8		$	787.0
End of year		648.9			685.3			723.8
Change in maximum future earnings	$	(36.4	)	$	(38.5	)	$	(63.2	)