XML 59 R48.htm IDEA: XBRL DOCUMENT v3.20.2
Allowance for Credit Losses - Narrative (Details) - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2020
Dec. 31, 2019
Mar. 31, 2020
Jan. 01, 2020
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2018
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Cumulative effect of adoption $ 5,984.5 $ 5,682.1 $ 5,386.2   $ 5,760.3 $ 5,471.7 $ 5,133.9
Total allowance for credit losses 51.0 20.3          
Allowance for credit losses, period increase, net 7.7            
Total increase in the allowance for credit losses 11.6            
Allowance for credit loss, recovery 3.9            
Allowance for credit losses with no impact on income 23.0            
Allowance for credit losses writeoff 2.8            
Reinsurance recoverables 9,581.9 $ 9,593.4   $ 9,593.4      
Increase in the CECL allowance for reinsurance recoverable 4.0            
Increase in the CECL allowance for premium and accounts receivables $ 4.0            
Percentage of residential mortgage-backed holdings exposure to sub-prime mortgage collateral 40.00%            
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member us-gaap:AccountingStandardsUpdate201613Member [1]          
Allowance for credit losses $ 4.1 $ 0.6   2.2      
Retained earnings (accumulative deficit) 6,194.4 5,966.4          
Cumulative Effect, Period of Adoption, Adjustment              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Cumulative effect of adoption   (20.4) [1]   (20.4)      
Total allowance for credit losses       46.2      
Allowance for credit losses with no impact on income $ 25.9            
Reinsurance recoverables       (22.5)      
Retained earnings (accumulative deficit)       $ (1.3)      
A- or Better Rating              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Total percentage of recoverables subject to allowance 71.00%            
BBB or BB Rating              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Total percentage of recoverables subject to allowance 24.00%            
Not rated              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Total percentage of recoverables subject to allowance 5.00%            
Commercial mortgage loans              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for credit loss, period increase $ 1.9            
Commercial Real Estate Portfolio Segment | Commercial mortgage loans | Minimum              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Commercial mortgage loans on real estate 0.1 0.1          
Commercial Real Estate Portfolio Segment | Commercial mortgage loans | Maximum              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Commercial mortgage loans on real estate 12.2 $ 12.3          
Underwriting, general and administrative expense              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for credit losses, period increase, net 4.4            
Net realized losses on investments              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for credit losses, period increase, net 3.3            
Iké              
New Accounting Pronouncements or Change in Accounting Principle [Line Items]              
Allowance for credit losses, period increase, net $ 1.4            
[1]
Amount relates to the adoption of a new accounting standard for accounting for expected credit losses for assets held at amortized cost, which established allowances for such expected credit losses as of January 1, 2020. Refer to Notes 3 and 6 for additional information.