Acquisitions (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Business Acquisitions, by Acquisition

Assets acquired and (liabilities) assumed



Fixed maturity securities available for sale	$	2,268.8
Equity securities	49.4
Short-term investments	165.5
Other investments	100.9
Cash and cash equivalents	380.1
Premiums and accounts receivable, net	286.2
Reinsurance recoverables	1,908.7
Accrued investment income	31.6
Property and equipment	15.4
Value of business acquired	3,973.0
Other intangible assets	459.7
Other assets	200.0
Unearned premiums and contract fees	(7,512.6		)
Claims and benefits payable	(419.9		)
Commissions payable	(106.8		)
Reinsurance balances payable	(186.1		)
Funds held under reinsurance	(202.2		)
Accounts payable and other liabilities	(381.7		)
Non-controlling interest	(1.8		)
Total identifiable net assets acquired	1,028.2
Goodwill	1,438.1
Total acquisition consideration	$	2,466.3

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

The following table shows the purchase price allocation to value of business acquired (“VOBA”) and other intangible assets, including the effect of measurement period adjustments to provisional estimates as described above.



	Amount
Value of business acquired (1)	$	3,973.0

Finite life (1):
Customer related intangibles (distribution network)	$	390.3
Technology based intangibles	57.8
Total finite life other intangible assets	448.1
Indefinite life:
Contract based intangibles	11.6
Total other intangible assets	$	459.7


(1)	Refer to future estimated amortization table below for the amortization pattern of VOBA and other intangible assets with finite lives.

Schedule Of Future Amortization Expense Of VOBA And Intangible Assets Acquired

At September 30, 2019, the estimated amortization of VOBA and other intangible assets with finite lives related to TWG for the remainder of 2019, the next five years and thereafter is as follows:



Period	VOBA		Other Intangible Assets (with Finite Lives)
October 1 - December 31, 2019	$	241.4	$	4.4
2020	801.0		26.1
2021	562.3		31.0
2022	346.1		34.9
2023	215.3		36.1
2024	76.7		36.5
Thereafter	7.3		254.0
Total	$	2,250.1	$	423.0