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Insurance Liabilities (Tables)
12 Months Ended
Dec. 31, 2015
Insurance Liabilities  
Contractholder Funds (Table)

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2015

 

2014

 

 

 

(in millions)

 

Liabilities for investment contracts:

 

 

 

 

 

 

 

Liabilities for individual annuities

 

$

10,147.4 

 

$

10,077.7 

 

GICs

 

 

10,222.8 

 

 

10,115.3 

 

Funding agreements

 

 

6,863.4 

 

 

7,338.1 

 

Other investment contracts

 

 

2,007.4 

 

 

901.6 

 

​  

​  

​  

​  

Total liabilities for investment contracts

 

 

29,241.0 

 

 

28,432.7 

 

Universal life and other reserves

 

 

6,475.1 

 

 

6,294.0 

 

​  

​  

​  

​  

Total contractholder funds

 

$

35,716.1 

 

$

34,726.7 

 

​  

​  

​  

​  

​  

​  

​  

​  

 

Future Policy Benefits and Claims (Table)

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2015

 

2014

 

2013

 

 

 

(in millions)

 

Balance at beginning of year

 

$

1,240.1 

 

$

1,144.7 

 

$

1,066.0 

 

Incurred:

 

 

 

 

 

 

 

 

 

 

Current year

 

 

810.2 

 

 

760.5 

 

 

712.0 

 

Prior years

 

 

 

 

1.2 

 

 

1.0 

 

​  

​  

​  

​  

​  

​  

Total incurred

 

 

810.2 

 

 

761.7 

 

 

713.0 

 

Payments:

 

 

 

 

 

 

 

 

 

 

Current year

 

 

484.3 

 

 

445.5 

 

 

432.1 

 

Prior years

 

 

243.3 

 

 

220.8 

 

 

202.2 

 

​  

​  

​  

​  

​  

​  

Total payments

 

 

727.6 

 

 

666.3 

 

 

634.3 

 

Balance at end of year:

 

 

 

 

 

 

 

 

 

 

Current year

 

 

325.9 

 

 

315.0 

 

 

279.9 

 

Prior years

 

 

996.8 

 

 

925.1 

 

 

864.8 

 

​  

​  

​  

​  

​  

​  

Total balance at end of year

 

$

1,322.7 

 

$

1,240.1 

 

$

1,144.7 

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

Amounts not included in the rollforward above:

 

 

 

 

 

 

 

 

 

 

Claim adjustment expense liabilities

 

$

51.5 

 

$

47.5 

 

$

43.4 

 

Reinsurance recoverables for unpaid claims

 

$

325.2 

 

$

304.6 

 

$

265.8