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Deferred Policy Acquisition Costs and Value of Business Acquired
 9 Months Ended
Sep. 30, 2016
Deferred Policy Acquisition Costs and Value of Business Acquired [Abstract]  
Deferred Policy Acquisition Costs and Value of Business Acquired
Deferred Policy Acquisition Costs and Value of Business Acquired

The following tables present a rollforward of DAC and VOBA for the periods indicated:
 
2016
 
DAC
 
VOBA
 
Total
Balance as of January 1, 2016
$
4,357.5

 
$
1,012.6

 
$
5,370.1

Deferrals of commissions and expenses
286.5

 
7.3

 
293.8

Amortization:
 
 
 
 
 
Amortization
(433.1
)
 
(180.7
)
 
(613.8
)
Interest accrued(1)
173.9

 
58.7

 
232.6

Net amortization included in Condensed Consolidated Statements of Operations
(259.2
)
 
(122.0
)
 
(381.2
)
Change due to unrealized capital gains/losses on available-for-sale securities
(905.7
)
 
(317.5
)
 
(1,223.2
)
Balance as of September 30, 2016
$
3,479.1

 
$
580.4

 
$
4,059.5

 
 
 
 
 
 
 
2015
 
DAC
 
VOBA
 
Total
Balance as of January 1, 2015
$
3,890.9

 
$
680.0

 
$
4,570.9

Deferrals of commissions and expenses
265.8

 
7.9

 
273.7

Amortization:
 
 
 
 
 
Amortization
(675.9
)
 
(146.2
)
 
(822.1
)
Interest accrued(1)
171.1

 
63.5

 
234.6

Net amortization included in Condensed Consolidated Statements of Operations
(504.8
)
 
(82.7
)
 
(587.5
)
Change due to unrealized capital gains/losses on available-for-sale securities
390.7

 
278.2

 
668.9

Balance as of September 30, 2015
$
4,042.6

 
$
883.4

 
$
4,926.0

(1)Interest accrued at the following rates for VOBA: 4.1% to 7.5% during 2016 and 3.5% to 7.5% during 2015.