Dispositions and Exit Activitie (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Gain by Transaction Component

The following represents a summary of the pre-tax gain recognized by transaction component, as well as the related classification within the Consolidated Financial Statements:

	Years Ended December 31,
	2017		2016
Gain on sale of entities, net of transaction costs	$	—	$	41.1
Novations, resulting in recognized gains (1)	—		60.9
Loss on retroactive reinsurance component, before realized gains (2)	—		(128.6		)
Net loss prior to realized gains on transferred securities supporting retroactive component (3)	—		(26.6		)
Realized gains on transferred securities supporting retroactive component (2)	—		146.7
Amortization of deferred gains (4)	92.8		382.6
Total	$	92.8	$	502.7

(1) Novations of certain insurance policies directly to Sun Life allowed for immediate gain recognition.

(2) Reinsurance of existing claims liabilities requires retroactive accounting necessitating losses to be recognized immediately. However, upon transfer of the associated assets supporting the liabilities, the Company recognized realized gains which more than offset the retroactive losses. The Company was required to classify the realized gains as part of net realized gains on investments within the consolidated statements of operations.

(3) Amount classified within underwriting, general and administrative expenses in the consolidated statements of operations.

(4)

Amount classified within amortization of deferred gains and gains on disposal of businesses within the consolidated statements of operations. The year ended December 31, 2017 includes $16.0 million related to realization of contingent consideration.