Closed Block (Tables)

12 Months Ended

Dec. 31, 2017

Closed Block

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

	December 31, 2017		December 31, 2016
	(in millions)
Closed Block liabilities
Future policy benefits and claims	$	3,899.7	$	4,068.4
Other policyholder funds		7.0		8.1
Policyholder dividends payable		219.6		232.5
Policyholder dividends obligation		161.7		126.1
Other liabilities		6.9		7.7
Total Closed Block liabilities		4,294.9		4,442.8
Assets designated to the Closed Block
Fixed maturities, available-for-sale		2,304.4		2,218.9
Fixed maturities, trading		2.9		6.7
Equity securities, available-for-sale		1.3		3.0
Mortgage loans		766.3		842.2
Policy loans		537.1		566.7
Other investments		49.4		62.4
Total investments		3,661.4		3,699.9
Cash and cash equivalents		13.2		76.2
Accrued investment income		41.1		43.6
Premiums due and other receivables		14.4		11.7
Deferred tax asset		34.6		62.3
Total assets designated to the Closed Block		3,764.7		3,893.7
Excess of Closed Block liabilities over assets designated to the Closed Block		530.2		549.1
Amounts included in accumulated other comprehensive income		1.9		0.7
Maximum future earnings to be recognized from Closed Block assets and liabilities	$	532.1	$	549.8

Closed Block Revenues and Expenses (Table)

	For the year ended December 31,
	2017			2016			2015
	(in millions)
Revenues
Premiums and other considerations	$	275.6		$	298.0		$	325.6
Net investment income		169.4			181.6			187.0
Net realized capital losses		(5.8	)		(1.0	)		(0.2	)
Total revenues		439.2			478.6			512.4
Expenses
Benefits, claims and settlement expenses		245.6			267.1			283.2
Dividends to policyholders		122.0			153.5			160.4
Operating expenses		3.5			3.6			3.9
Total expenses		371.1			424.2			447.5
Closed Block revenues, net of Closed Block expenses, before income taxes		68.1			54.4			64.9
Income taxes		46.0			17.1			20.7
Closed Block revenues, net of Closed Block expenses and income taxes		22.1			37.3			44.2
Funding adjustment charges		(4.4	)		9.3			8.3
Closed Block revenues, net of Closed Block expenses, income taxes and funding adjustment charges	$	17.7		$	46.6		$	52.5

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

	For the year ended December 31,
	2017			2016			2015
	(in millions)
Beginning of year	$	549.8		$	596.4		$	648.9
End of year		532.1			549.8			596.4
Change in maximum future earnings	$	(17.7	)	$	(46.6	)	$	(52.5	)