Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

As a result of the May 2018 acquisition of TWG, the Company's Goodwill, VOBA and other intangible assets increased. Refer to Note 4 - Acquisitions and disclosures below for additional information.

Goodwill

The Company has goodwill attributable to its Global Housing, Global Lifestyle and Global Preneed segments. A roll forward of goodwill by segment is provided below.



	Global Housing			Global Lifestyle			Global Preneed			Consolidated
Balance at December 31, 2017 (1)	$	386.7		$	392.8		$	138.2		$	917.7
Acquisitions (2)	—			1,408.0			—			1,408.0
Impairments (3)	(7.2		)	—			—			(7.2		)
Foreign currency translation and other	—			(5.8		)	(0.2		)	(6.0		)
Balance at September 30, 2018	$	379.5		$	1,795.0		$	138.0		$	2,312.5


(1)	Net of $1.26 billion of accumulated impairment losses.


(2)	Refer to Note 4 for additional information on the TWG acquisition (including the application of measurement period adjustments during the three months ended September 30, 2018).


(3)	Refer to Note 20 for additional information on the impairment loss on the mortgage solutions business.

VOBA and Other Intangible Assets

VOBA and Other intangible assets were $3,905.5 million and $642.8 million, respectively, at September 30, 2018 and $24.4 million and $288.6 million, respectively, at December 31, 2017. The increases reflect the additions from the TWG acquisition. The following table shows the preliminary purchase price allocation to VOBA and other intangible assets, including the effect of measurement period adjustments to provisional estimates as described in Note 4, and the related estimated useful lives.



	Amount		Estimated Useful Life
VOBA	$	4,048.0	9 years

Finite life:
Distribution network	390.3		15 years
Technology based intangibles	57.4		9 years
Total finite life other intangible assets	447.7
Indefinite life:
Licenses	$	11.6	Indefinite
Total other intangible assets	$	459.3

Total amortization of VOBA for the three months ended September 30, 2018 and 2017 was $107.2 million and $1.9 million, respectively, and for the nine months ended September 30, 2018 and 2017 was $145.2 million and $6.0 million, respectively. Total amortization of other intangible assets for the three months ended September 30, 2018 and 2017 was $19.0 million and $16.9 million, respectively, and for the nine months ended September 30, 2018 and 2017 was $58.1 million and $53.2 million, respectively. At September 30, 2018, the estimated amortization of VOBA and other intangible assets for the remainder of 2018, the next five years and thereafter is as follows:



	VOBA						Other Intangible Assets (With Finite Lives)
	Related to TWG Acquisition		Other		Total		Related to TWG Acquisition		Other		Total
October 1 - December 31, 2018	$	104.5	$	1.8	$	106.3	$	4.1	$	14.4	$	18.5
2019	511.4		6.6		518.0		19.4		42.1		61.5
2020	629.6		6.3		635.9		27.6		35.7		63.3
2021	703.2		0.8		704.0		31.3		26.5		57.8
2022	768.5		0.7		769.2		35.0		17.0		52.0
2023	777.9		0.6		778.5		36.2		11.6		47.8
Thereafter	391.4		2.2		393.6		287.8		40.4		328.2
Total	$	3,886.5	$	19.0	$	3,905.5	$	441.4	$	187.7	$	629.1