Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2013

Variable Interest Entities

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

			Collateralized				Mandatory
			private investment				retirement
	Grantor trusts		vehicle		CMBS		savings		Total
	(in millions)
September 30, 2013
Fixed maturities, available-for-sale	$	243.3	$	—	$	—	$	—	$	243.3
Fixed maturities, trading	—		110.4		—		—		110.4
Other investments	—		—		72.6		—		72.6
Accrued investment income	0.4		—		0.4		—		0.8
Separate account assets	—		—		—		31,999.2		31,999.2
Total assets	$	243.7	$	110.4	$	73.0	$	31,999.2	$	32,426.3
Deferred income taxes	$	1.5	$	—	$	—	$	—	$	1.5
Separate account liabilities	—		—		—		31,999.2		31,999.2
Other liabilities (1)	190.3		94.9		35.4		—		320.6
Total liabilities	$	191.8	$	94.9	$	35.4	$	31,999.2	$	32,321.3
December 31, 2012
Fixed maturities, available-for-sale	$	194.6	$	—	$	—	$	—	$	194.6
Fixed maturities, trading	—		110.4		—		—		110.4
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)

			Maximum exposure to
	Asset carrying value		loss (1)
	(in millions)
September 30, 2013
Fixed maturities, available-for-sale:
Corporate	$	500.5	$	417.7
Residential mortgage-backed pass-through securities	2,758.5		2,680.0
Commercial mortgage-backed securities	3,983.5		4,076.8
Collateralized debt obligations	332.3		358.5
Other debt obligations	4,045.1		4,040.3
Fixed maturities, trading:
Residential mortgage-backed pass-through securities	52.1		52.1
Commercial mortgage-backed securities	1.9		1.9
Collateralized debt obligations	62.5		62.5
Other debt obligations	1.5		1.5
Other investments:
Other limited partnership interests	126.9		126.9
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.