XML 15 R54.htm IDEA: XBRL DOCUMENT v2.4.0.8
BUSINESS SEGMENTS (DETAILS) (USD $)
In Millions, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenues:        
Fee revenue and other income $ 7.0 $ 6.4 $ 13.4 $ 12.9
Total revenues 969.7 961.4 1,920.3 1,969.2
Benefits and expenses:        
Insurance policy benefits 691.1 673.2 1,381.4 1,427.3
Other operating costs and expenses 201.5 179.8 395.6 369.4
Total expenses 872.8 863.2 1,731.4 1,799.7
Pre-tax operating earnings 96.9 98.2 188.9 169.5
Gain related to reinsurance transaction (3.8) 0 (3.8) 0
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]        
Total segment revenues 969.7 961.4 1,920.3 1,969.2
Net realized investment gains 11.7 1.6 33.0 14.8
Revenues related to certain non-strategic investments and earnings attributable to VIEs 7.3 8.2 13.6 15.1
Revenues of CLIC being sold 104.3 110.3 210.8 225.0
Total revenues 1,093.0 1,081.5 2,177.7 2,224.1
Insurance policy benefits - fair value changes in embedded derivative liabilities 10.1 (29.0) 25.3 (32.1)
Amortization related to fair value changes in embedded derivative liabilities (2.7) 10.5 (6.9) 11.5
Amortization related to net realized investment gains 0.1 0.4 0.5 1.2
Expenses related to certain non-strategic investments and earnings attributable to VIEs 10.2 11.1 19.8 19.9
Loss on extinguishment or modification of debt 0.6 7.7 0.6 65.4
Loss on sale of subsidiary 0 0 278.6 0
Expenses of CLIC being sold 91.3 102.9 187.4 209.2
Total benefits and expenses 978.6 966.8 2,232.9 2,074.8
Income (loss) before income taxes 114.4 114.7 (55.2) 149.3
Tax expense on period income 40.3 42.6 79.3 75.8
Valuation allowance for deferred taxes and other tax items (4.0) (5.0) 15.4 (15.5)
Net income (loss) 78.1 77.1 (149.9) 89.0
Bankers Life
       
Revenues:        
Annuities 7.7 8.6 15.2 16.5
Health 320.5 334.1 651.0 666.7
Life 79.9 76.4 158.2 153.9
Net investment income (loss) 247.6 [1] 226.6 [1] 472.0 [1] 488.3 [1]
Fee revenue and other income 5.8 [1] 4.0 [1] 11.1 [1] 7.7 [1]
Total revenues 661.5 649.7 1,307.5 1,333.1
Benefits and expenses:        
Insurance policy benefits 427.9 434.1 842.9 904.6
Amortization 45.4 45.7 93.6 100.2
Interest expense on investment borrowings 1.9 1.7 3.8 3.1
Other operating costs and expenses 98.9 89.1 195.6 184.0
Total expenses 574.1 570.6 1,135.9 1,191.9
Pre-tax operating earnings 87.4 79.1 171.6 141.2
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]        
Total segment revenues 661.5 649.7 1,307.5 1,333.1
Washington National
       
Revenues:        
Annuities 1.4 1.7 2.4 3.2
Health 148.8 145.8 297.7 291.2
Life 6.5 5.6 12.2 11.6
Net investment income (loss) 71.8 [1] 69.8 [1] 140.8 [1] 147.7 [1]
Fee revenue and other income 0.2 [1] 0.2 [1] 0.4 [1] 0.4 [1]
Total revenues 228.7 223.1 453.5 454.1
Benefits and expenses:        
Insurance policy benefits 132.8 130.3 264.6 268.0
Amortization 16.0 16.2 32.3 33.3
Interest expense on investment borrowings 0.5 0.5 0.9 1.0
Other operating costs and expenses 47.1 40.3 92.3 82.0
Total expenses 196.4 187.3 390.1 384.3
Pre-tax operating earnings 32.3 35.8 63.4 69.8
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]        
Total segment revenues 228.7 223.1 453.5 454.1
Colonial Penn
       
Revenues:        
Health 0.9 1.1 1.9 2.2
Life 60.8 56.9 120.3 112.7
Net investment income (loss) 10.5 [1] 9.9 [1] 21.2 [1] 19.8 [1]
Fee revenue and other income 0.3 [1] 0.2 [1] 0.5 [1] 0.4 [1]
Total revenues 72.5 68.1 143.9 135.1
Benefits and expenses:        
Insurance policy benefits 43.2 41.2 87.9 84.2
Amortization 3.8 3.7 7.8 7.4
Other operating costs and expenses 21.7 22.0 50.6 47.7
Total expenses 68.7 66.9 146.3 139.3
Pre-tax operating earnings 3.8 1.2 (2.4) (4.2)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]        
Total segment revenues 72.5 68.1 143.9 135.1
Other CNO Business
       
Revenues:        
Health 0 6.1 0 12.3
Net investment income (loss) 0 [1] 8.4 [1] 0 [1] 16.8 [1]
Total revenues 0 14.5 0 29.1
Benefits and expenses:        
Insurance policy benefits 0 15.3 0 30.9
Other operating costs and expenses 0 6.4 0 12.7
Total expenses 0 21.7 0 43.6
Pre-tax operating earnings 0 (7.2) 0 (14.5)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]        
Total segment revenues 0 14.5 0 29.1
Corporate operations
       
Revenues:        
Net investment income (loss) 5.7 4.5 12.7 14.6
Fee revenue and other income 1.3 1.5 2.7 3.2
Total revenues 7.0 6.0 15.4 17.8
Benefits and expenses:        
Interest expense on investment borrowings 0 0 0 0.1
Interest expense on corporate debt 11.1 13.1 22.2 28.2
Other operating costs and expenses 22.5 3.6 36.9 12.3
Total expenses 33.6 16.7 59.1 40.6
Pre-tax operating earnings (26.6) (10.7) (43.7) (22.8)
Reconciliation of Operating Profit (Loss) from Segments to Consolidated [Abstract]        
Total segment revenues $ 7.0 $ 6.0 $ 15.4 $ 17.8
[1] It is not practicable to provide additional components of revenue by product or services.