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Deferred Acquisition Costs
12 Months Ended
Dec. 31, 2017
Deferred Acquisition Costs  
Deferred Acquisition Costs

7. Deferred Acquisition Costs

        Acquisition costs deferred and amortized were as follows:

                                                                                                                                                                                    

 

 

For the year ended
December 31,

 

 

 

2017

 

2016

 

2015

 

 

 

(in millions)

 

Balance at beginning of year

 

$

3,380.2

 

$

3,276.1

 

$

2,993.0

 

Costs deferred during the year

 

 

421.8

 

 

402.3

 

 

390.3

 

Amortized to expense during the year (1)

 

 

(234.6

)

 

(285.1

)

 

(270.8

)

Adjustment related to unrealized (gains) losses on available-for-sale securities and derivative instruments

 

 

(26.7

)

 

(13.1

)

 

164.5

 

Other

 

 

 

 

 

 

(0.9

)

​  

​  

​  

​  

​  

​  

Balance at end of year

 

$

3,540.7

 

$

3,380.2

 

$

3,276.1

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

​  

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(1)   Includes adjustments for revisions to estimated gross profits.