Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2015

Variable Interest Entities

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

			Collateralized
			private				Mandatory
	Grantor		investment				retirement
	trusts		vehicles		CMBS		savings		Real estate			Total
	(in millions)
September 30, 2015
Fixed maturities, available-for-sale	$	261.1	$	—	$	—	$	—	$	—		$	261.1
Fixed maturities, trading	—		100.4		—		—		—			100.4
Equity securities, available-for-sale	—		—		—		315.8		—			315.8
Equity securities, trading	—		—		—		321.2		—			321.2
Real estate	—		—		—		—		298.9			298.9
Other investments	—		—		25.1		—		11.7			36.8
Cash	—		—		—		—		7.8			7.8
Accrued investment income	0.4		—		0.2		—		1.9			2.5
Premiums due and other receivables	—		—		—		—		2.0			2.0
Separate account assets	—		—		—		32,827.6		—			32,827.6
Other assets	—		—		—		—		(0.9		)	(0.9		)
Total assets	$	261.5	$	100.4	$	25.3	$	33,464.6	$	321.4		$	34,173.2
Contractholder funds	$	—	$	—	$	—	$	329.2	$	—		$	329.2
Long-term debt	—		—		—		—		38.2			38.2
Income taxes currently payable	—		—		—		—		(0.1		)	(0.1		)
Deferred income taxes	1.6		—		—		—		(1.0		)	0.6
Separate account liabilities	—		—		—		32,827.6		—			32,827.6
Other liabilities (1)	236.7		87.2		—		—		16.8			340.7
Total liabilities	$	238.3	$	87.2	$	—	$	33,156.8	$	53.9		$	33,536.2
December 31, 2014
Fixed maturities, available-for-sale	$	278.2	$	—	$	—	$	—	$	—		$	278.2
Fixed maturities, trading	—		100.4		—		—		—			100.4
Equity securities, trading	—		—		—		345.3		—			345.3
Real estate	—		—		—		—		284.9			284.9
Other investments	—		—		35.0		—		5.6			40.6
Cash	—		—		—		—		4.7			4.7
Accrued investment income	0.4		—		0.2		—		1.4			2.0
Separate account assets	—		—		—		34,655.4		—			34,655.4
Other assets	—		—		—		—		0.3			0.3
Total assets	$	278.6	$	100.4	$	35.2	$	35,000.7	$	296.9		$	35,711.8
Long-term debt	$	—	$	—	$	—	$	—	$	82.3		$	82.3
Income taxes currently payable	—		—		—		—		10.6			10.6
Deferred income taxes	1.5		—		—		—		(0.4		)	1.1
Separate account liabilities	—		—		—		34,655.4		—			34,655.4
Other liabilities (1)	239.1		85.6		4.8		—		14.5			344.0
Total liabilities	$	240.6	$	85.6	$	4.8	$	34,655.4	$	107.0		$	35,093.4

(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 trusts.

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, 2015
Fixed maturities, available-for-sale:
Corporate	$	462.3	$	358.6
Residential mortgage-backed pass-through securities	2,680.2		2,572.2
Commercial mortgage-backed securities	3,861.2		3,808.8
Collateralized debt obligations	633.0		655.9
Other debt obligations	4,535.6		4,494.5
Fixed maturities, trading:
Residential mortgage-backed pass-through securities	27.6		27.6
Commercial mortgage-backed securities	44.1		44.1
Collateralized debt obligations	38.6		38.6
Other investments:
Other limited partnership and fund interests	210.7		210.7
December 31, 2014
Fixed maturities, available-for-sale:
Corporate	$	456.7	$	353.3
Residential mortgage-backed pass-through securities	2,822.9		2,702.9
Commercial mortgage-backed securities	3,975.5		3,896.9
Collateralized debt obligations	504.1		521.2
Other debt obligations	4,616.4		4,583.4
Fixed maturities, trading:
Residential mortgage-backed pass-through securities	34.4		34.4
Commercial mortgage-backed securities	1.5		1.5
Collateralized debt obligations	39.4		39.4
Other debt obligations	0.2		0.2
Other investments:
Other limited partnership and fund interests	188.2		188.2

(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.