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Investments (Tables)
6 Months Ended
Jun. 30, 2015
Available-for-sale Securities Including Securities Pledged [Line Items]  
Marketable Securities
Available-for-sale and fair value option ("FVO") fixed maturities and equity securities were as follows as of June 30, 2015:
 
Amortized
Cost
 
Gross
Unrealized
Capital
Gains
 
Gross
Unrealized
Capital
Losses
 
Embedded Derivatives(2)
 
Fair
Value
 
OTTI(3)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasuries
$
574.5

 
$
94.1

 
$
0.1

 
$

 
$
668.5

 
$

U.S. Government agencies and authorities
45.5

 
0.1

 

 

 
45.6

 

State, municipalities and political subdivisions
346.9

 
10.7

 
8.5

 

 
349.1

 

U.S. corporate public securities
8,655.7

 
482.3

 
111.5

 

 
9,026.5

 
1.4

U.S. corporate private securities
2,194.6

 
100.8

 
34.2

 

 
2,261.2

 

Foreign corporate public securities and foreign governments(1)
2,832.8

 
127.0

 
64.2

 

 
2,895.6

 

Foreign corporate private securities(1)
2,739.5

 
151.3

 
11.9

 

 
2,878.9

 

 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed securities:
 
 
 
 
 
 
 
 
 
 
 
Agency
1,545.5

 
128.3

 
4.6

 
14.0

 
1,683.2

 
0.2

Non-Agency
199.4

 
48.9

 
1.9

 
11.1

 
257.5

 
7.1

Total Residential mortgage-backed securities
1,744.9

 
177.2

 
6.5

 
25.1

 
1,940.7

 
7.3

 
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage-backed securities
1,044.2

 
55.1

 
6.1

 

 
1,093.2

 
6.7

Other asset-backed securities
308.2

 
12.8

 
1.4

 

 
319.6

 
2.6

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed maturities, including securities pledged
20,486.8

 
1,211.4

 
244.4

 
25.1

 
21,478.9

 
18.0

Less: Securities pledged
176.2

 
15.1

 
5.1

 

 
186.2

 

Total fixed maturities
20,310.6

 
1,196.3

 
239.3

 
25.1

 
21,292.7

 
18.0

Equity securities
106.6

 
14.7

 

 

 
121.3

 

Total fixed maturities and equity securities investments
$
20,417.2

 
$
1,211.0

 
$
239.3

 
$
25.1

 
$
21,414.0

 
$
18.0

(1) Primarily U.S. dollar denominated.
(2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Condensed Consolidated Statements of Operations.
(3) Represents Other-than-Temporary-Impairments ("OTTI") reported as a component of Other comprehensive income (loss).
Available-for-sale and FVO fixed maturities and equity securities were as follows as of December 31, 2014:
 
Amortized
Cost
 
Gross
Unrealized
Capital
Gains
 
Gross
Unrealized
Capital
Losses
 
Embedded Derivatives(2)
 
Fair
Value
 
OTTI(3)
Fixed maturities:
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasuries
$
649.0

 
$
124.1

 
$

 
$

 
$
773.1

 
$

U.S. Government agencies and authorities
45.7

 
0.9

 

 

 
46.6

 

State, municipalities and political subdivisions
259.0

 
18.3

 
0.1

 

 
277.2

 

U.S. corporate public securities
8,345.9

 
762.9

 
40.2

 

 
9,068.6

 
1.5

U.S. corporate private securities
2,020.8

 
139.5

 
8.9

 

 
2,151.4

 

Foreign corporate public securities and foreign governments(1)
2,778.3

 
159.1

 
50.3

 

 
2,887.1

 

Foreign corporate private securities(1)
2,707.1

 
189.4

 
5.7

 

 
2,890.8

 

 
 
 
 
 
 
 
 
 
 
 
 
Residential mortgage-backed securities:
 
 
 
 
 
 
 
 
 
 
 
Agency
1,613.5

 
125.4

 
3.6

 
15.7

 
1,751.0

 
0.2

Non-Agency
227.9

 
54.6

 
2.2

 
12.1

 
292.4

 
8.7

Total Residential mortgage-backed securities
1,841.4

 
180.0

 
5.8

 
27.8

 
2,043.4

 
8.9

 
 
 
 
 
 
 
 
 
 
 
 
Commercial mortgage-backed securities
998.9

 
79.2

 
0.1

 

 
1,078.0

 
6.7

Other asset-backed securities
389.0

 
13.1

 
1.7

 

 
400.4

 
2.6

 
 
 
 
 
 
 
 
 
 
 
 
Total fixed maturities, including securities pledged
20,035.1

 
1,666.5

 
112.8

 
27.8

 
21,616.6

 
19.7

Less: Securities pledged
224.4

 
17.8

 
6.9

 

 
235.3

 

Total fixed maturities
19,810.7

 
1,648.7

 
105.9

 
27.8

 
21,381.3

 
19.7

Equity securities
107.4

 
14.5

 

 

 
121.9

 

Total fixed maturities and equity securities investments
$
19,918.1

 
$
1,663.2

 
$
105.9

 
$
27.8

 
$
21,503.2

 
$
19.7

(1) Primarily U.S. dollar denominated.
(2) Embedded derivatives within fixed maturity securities are reported with the host investment. The changes in fair value of embedded derivatives are reported in Other net realized capital gains (losses) in the Condensed Consolidated Statements of Operations.
(3) Represents OTTI reported as a component of Other comprehensive income (loss).

Investments Classified by Contractual Maturity Date
The amortized cost and fair value of fixed maturities, including securities pledged, as of June 30, 2015, are shown below by contractual maturity. Actual maturities may differ from contractual maturities as securities may be restructured, called or prepaid. Mortgage-backed securities ("MBS") and Other asset-backed securities ("ABS") are shown separately because they are not due at a single maturity date.
 
Amortized
Cost
 
Fair
Value
Due to mature:
 
 
 
One year or less
$
544.7

 
$
552.7

After one year through five years
4,213.5

 
4,435.2

After five years through ten years
6,107.0

 
6,301.3

After ten years
6,524.3

 
6,836.2

Mortgage-backed securities
2,789.1

 
3,033.9

Other asset-backed securities
308.2

 
319.6

Fixed maturities, including securities pledged
$
20,486.8

 
$
21,478.9

U.S. and Foreign Corporate Securities by Industry
The following tables set forth the composition of the U.S. and foreign corporate securities within the fixed maturity portfolio by industry category as of the dates indicated:
 
Amortized
Cost
 
Gross Unrealized Capital Gains
 
Gross Unrealized Capital Losses
 
Fair Value
June 30, 2015
 
 
 
 
 
 
 
Communications
$
1,186.8

 
$
81.9

 
$
15.4

 
$
1,253.3

Financial
2,395.4

 
164.0

 
11.4

 
2,548.0

Industrial and other companies
9,580.0

 
401.7

 
167.3

 
9,814.4

Utilities
2,437.1

 
166.7

 
16.2

 
2,587.6

Transportation
484.4

 
24.6

 
5.4

 
503.6

Total
$
16,083.7

 
$
838.9

 
$
215.7

 
$
16,706.9

 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
Communications
$
1,226.1

 
$
136.8

 
$
2.4

 
$
1,360.5

Financial
2,310.5

 
221.4

 
1.6

 
2,530.3

Industrial and other companies
8,962.6

 
569.4

 
90.0

 
9,442.0

Utilities
2,555.7

 
259.2

 
4.3

 
2,810.6

Transportation
450.7

 
40.3

 
1.3

 
489.7

Total
$
15,505.6

 
$
1,227.1

 
$
99.6

 
$
16,633.1

Schedule of Securities Borrowed Under Securities Lending Transactions [Table Text Block]
The following table sets forth borrowings under securities lending transactions by class of collateral pledged for the dates indicated:
 
June 30, 2015
 
December 31, 2014
U.S. Treasuries
$

 
$
55.7

U.S. corporate public securities
60.3

 
68.8

Foreign corporate public securities and foreign governments
69.2

 
57.5

Payables under securities loan agreements
$
129.5

 
$
182.0

Schedule of Unrealized Loss on Investments
Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of June 30, 2015:
 
Six Months or Less
Below Amortized Cost
 
More Than Six
Months and Twelve
Months or Less
Below Amortized Cost
 
More Than Twelve
Months Below
Amortized Cost
 
Total
 
 
Fair
Value
 
Unrealized
Capital Losses
 
Fair
Value
 
Unrealized
Capital Losses
 
Fair
Value
 
Unrealized
Capital Losses
 
Fair
Value
 
Unrealized
Capital Losses
 
U.S. Treasuries
$
15.8

 
$
0.1

 
$

 
$

 
$

 
$

 
$
15.8

 
$
0.1

 
U.S. Government, agencies and authorities

 

 

 

 

 

 

 

 
State, municipalities and political subdivisions
218.9

 
8.5

 

 

 

 

 
218.9

 
8.5

 
U.S. corporate public securities
2,521.8

 
86.4

 
149.6

 
13.3

 
143.8

 
11.8

 
2,815.2

 
111.5

 
U.S. corporate private securities
579.1

 
27.0

 
17.4

 
1.6

 
18.9

 
5.6

 
615.4

 
34.2

 
Foreign corporate public securities and foreign governments
812.4

 
24.6

 
178.9

 
27.3

 
103.3

 
12.3

 
1,094.6

 
64.2

 
Foreign corporate private securities
344.4

 
9.0

 
13.7

 
1.3

 
9.6

 
1.6

 
367.7

 
11.9

 
Residential mortgage-backed
80.3

 
1.1

 
11.9

 
0.6

 
132.5

 
4.8

 
224.7

 
6.5

 
Commercial mortgage-backed
248.7

 
6.1

 

 

 

 

 
248.7

 
6.1

 
Other asset-backed
1.2

 

*
0.1

 

*
17.8

 
1.4

 
19.1

 
1.4

 
Total
$
4,822.6

 
$
162.8

 
$
371.6

 
$
44.1

 
$
425.9

 
$
37.5

 
$
5,620.1

 
$
244.4

 
*Less than $0.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


















Unrealized capital losses (including noncredit impairments), along with the fair value of fixed maturity securities, including securities pledged, by market sector and duration were as follows as of December 31, 2014:

 
Six Months or Less
Below Amortized Cost
 
More Than Six
Months and Twelve
Months or Less
Below Amortized Cost
 
More Than Twelve
Months Below
Amortized Cost
 
Total
 
 
Fair
Value
 
Unrealized
Capital Losses
 
Fair
Value
 
Unrealized
Capital Losses
 
Fair
Value
 
Unrealized
Capital Losses
 
Fair
Value
 
Unrealized
Capital Losses
 
U.S. Treasuries
$
12.4

 
$

*
$

 
$

 
$

 
$

 
$
12.4

 
$

*
U.S. Government, agencies and authorities
2.3

 

*

 

 

 

 
2.3

 

*
State, municipalities and political subdivisions
22.5

 
0.1

 

 

 

 

 
22.5

 
0.1

 
U.S. corporate public securities
611.8

 
18.0

 
14.9

 
1.4

 
612.8

 
20.8

 
1,239.5

 
40.2

 
U.S. corporate private securities
160.3

 
2.0

 
19.9

 
0.1

 
100.0

 
6.8

 
280.2

 
8.9

 
Foreign corporate public securities and foreign governments
545.4

 
33.5

 
9.7

 
0.2

 
324.4

 
16.6

 
879.5

 
50.3

 
Foreign corporate private securities
125.6

 
2.2

 

 

 
25.8

 
3.5

 
151.4

 
5.7

 
Residential mortgage-backed
94.5

 
0.7

 
25.2

 
0.6

 
163.1

 
4.5

 
282.8

 
5.8

 
Commercial mortgage-backed
59.1

 
0.1

 

 

 

 

 
59.1

 
0.1

 
Other asset-backed
27.0

 
0.1

 

 

 
18.4

 
1.6

 
45.4

 
1.7

 
Total
$
1,660.9

 
$
56.7

 
$
69.7

 
$
2.3

 
$
1,244.5

 
$
53.8

 
$
2,975.1

 
$
112.8

 
*Less than $0.1
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Mortgage Loans Real Estate and Valuation Allowance
The following table summarizes the Company's investment in mortgage loans as of the dates indicated:
 
June 30, 2015
 
December 31, 2014
Commercial mortgage loans
$
3,732.1

 
$
3,514.1

Collective valuation allowance for losses
(1.1
)
 
(1.1
)
Total net commercial mortgage loans
$
3,731.0

 
$
3,513.0

The following table summarizes the activity in the allowance for losses for commercial mortgage loans for the periods indicated:
 
June 30, 2015
 
December 31, 2014
Collective valuation allowance for losses, balance at January 1
$
1.1

 
$
1.2

Addition to (reduction of) allowance for losses

 
(0.1
)
Collective valuation allowance for losses, end of period
$
1.1

 
$
1.1

Impaired Financing Receivables
The carrying values and unpaid principal balances of impaired mortgage loans were as follows as of the dates indicated:
 
June 30, 2015
 
December 31, 2014
Impaired loans without allowances for losses
$
20.7

 
$
32.4

Less: Allowances for losses on impaired loans

 

Impaired loans, net
$
20.7

 
$
32.4

Unpaid principal balance of impaired loans
$
22.2

 
$
33.9

The following tables present information on the average investment during the period in impaired loans and interest income recognized on impaired and troubled debt restructured loans for the periods indicated:
 
Three Months Ended June 30,
 
2015
 
2014
Impaired loans, average investment during the period (amortized cost)(1)
$
20.7

 
$
40.0

Interest income recognized on impaired loans, on an accrual basis(1)
0.3

 
0.6

Interest income recognized on impaired loans, on a cash basis(1)
0.3

 
0.6

Interest income recognized on troubled debt restructured loans, on an accrual basis
0.2

 
0.5

 
 
 
 
 
Six Months Ended June 30,
 
2015
 
2014
Impaired loans, average investment during the period (amortized cost)(1)
$
26.5

 
$
40.0

Interest income recognized on impaired loans, on an accrual basis(1)
0.7

 
1.2

Interest income recognized on impaired loans, on a cash basis(1)
0.8

 
1.0

Interest income recognized on troubled debt restructured loans, on an accrual basis
0.5

 
1.0

(1)Includes amounts for Troubled debt restructured loans.
Troubled Debt Restructurings on Financing Receivables
The following table presents information on restructured loans as of the dates indicated:
 
June 30, 2015
 
December 31, 2014
Troubled debt restructured loans
$
15.7

 
$
27.3

Loans Receivable, Grouped by Loan to Value and Debt Service Coverage Ratio
The following table presents the LTV ratios as of the dates indicated:
 
June 30, 2015(1)
 
December 31, 2014(1)
Loan-to-Value Ratio:
 
 
 
0% - 50%
$
420.5

 
$
411.0

>50% - 60%
921.1

 
824.1

>60% - 70%
2,228.9

 
2,107.9

>70% - 80%
150.8

 
159.7

>80% and above
10.8

 
11.4

Total Commercial mortgage loans
$
3,732.1

 
$
3,514.1

(1) Balances do not include collective valuation allowance for losses.

The following table presents the DSC ratios as of the dates indicated:
 
June 30, 2015(1)
 
December 31, 2014(1)
Debt Service Coverage Ratio:
 
 
 
Greater than 1.5x
$
2,732.2

 
$
2,600.1

>1.25x - 1.5x
640.0

 
520.0

>1.0x - 1.25x
236.5

 
258.7

Less than 1.0x
108.4

 
131.3

Commercial mortgage loans secured by land or construction loans
15.0

 
4.0

Total Commercial mortgage loans
$
3,732.1

 
$
3,514.1

(1) Balances do not include collective valuation allowance for losses.

Mortgage Loans by Geographic Location of Collateral
Properties collateralizing mortgage loans are geographically dispersed throughout the United States, as well as diversified by property type, as reflected in the following tables as of the dates indicated:
 
June 30, 2015(1)
 
December 31, 2014(1)
 
Gross
Carrying Value
 
% of
Total
 
Gross
Carrying Value
 
% of
Total
Commercial Mortgage Loans by U.S. Region:
 
 
 
 
 
 
 
Pacific
$
891.5

 
23.9
%
 
$
802.6

 
22.8
%
South Atlantic
846.4

 
22.7
%
 
746.5

 
21.2
%
West South Central
445.0

 
11.9
%
 
448.4

 
12.8
%
Middle Atlantic
524.1

 
14.0
%
 
505.8

 
14.4
%
East North Central
361.8

 
9.7
%
 
355.3

 
10.1
%
Mountain
288.4

 
7.7
%
 
274.0

 
7.8
%
West North Central
214.7

 
5.8
%
 
219.6

 
6.3
%
East South Central
76.0

 
2.0
%
 
87.1

 
2.5
%
New England
84.2

 
2.3
%
 
74.8

 
2.1
%
Total Commercial mortgage loans
$
3,732.1

 
100.0
%
 
$
3,514.1

 
100.0
%
(1) Balances do not include collective valuation allowance for losses.
 
June 30, 2015(1)
 
December 31, 2014(1)
 
Gross
Carrying Value
 
% of
Total
 
Gross
Carrying Value
 
% of
Total
Commercial Mortgage Loans by Property Type:
 
 
 
 
 
 
 
Retail
$
1,341.4

 
35.9
%
 
$
1,236.4

 
35.2
%
Industrial
824.3

 
22.1
%
 
796.8

 
22.7
%
Apartments
609.8

 
16.3
%
 
550.6

 
15.7
%
Office
512.8

 
13.7
%
 
443.1

 
12.6
%
Hotel/Motel
158.9

 
4.3
%
 
149.7

 
4.2
%
Mixed Use
47.7

 
1.3
%
 
142.8

 
4.1
%
Other
237.2

 
6.4
%
 
194.7

 
5.5
%
Total Commercial mortgage loans
$
3,732.1

 
100.0
%
 
$
3,514.1

 
100.0
%

Mortgage Loans by Property Type of Collateral
 
June 30, 2015(1)
 
December 31, 2014(1)
 
Gross
Carrying Value
 
% of
Total
 
Gross
Carrying Value
 
% of
Total
Commercial Mortgage Loans by Property Type:
 
 
 
 
 
 
 
Retail
$
1,341.4

 
35.9
%
 
$
1,236.4

 
35.2
%
Industrial
824.3

 
22.1
%
 
796.8

 
22.7
%
Apartments
609.8

 
16.3
%
 
550.6

 
15.7
%
Office
512.8

 
13.7
%
 
443.1

 
12.6
%
Hotel/Motel
158.9

 
4.3
%
 
149.7

 
4.2
%
Mixed Use
47.7

 
1.3
%
 
142.8

 
4.1
%
Other
237.2

 
6.4
%
 
194.7

 
5.5
%
Total Commercial mortgage loans
$
3,732.1

 
100.0
%
 
$
3,514.1

 
100.0
%

(1) Balances do not include collective valuation allowance for losses.
Mortgage Loans by Year of Origination
The following table sets forth the breakdown of mortgages by year of origination as of the dates indicated:
 
June 30, 2015(1)
 
December 31, 2014(1)
Year of Origination:
 
 
 
2015
$
365.6

 
$

2014
573.4

 
580.0

2013
752.5

 
758.8

2012
841.4

 
854.5

2011
640.2

 
674.4

2010
65.2

 
66.0

2009 and prior
493.8

 
580.4

Total Commercial mortgage loans
$
3,732.1

 
$
3,514.1

(1) Balances do not include collective valuation allowance for losses.

Other than Temporary Impairment, Credit Losses Recognized in Earnings
The following tables identify the Company's credit-related and intent-related impairments included in the Condensed Consolidated Statements of Operations, excluding impairments included in Other comprehensive income (loss) by type for the periods indicated:
 
Three Months Ended June 30,
 
2015
 
2014
 
Impairment
 
No. of Securities
 
Impairment
 
No. of Securities
U.S. corporate public securities
$

 

 
$

 

Foreign corporate public securities and foreign governments(1)
1.8

 
2

 
1.2

 
5

Foreign corporate private securities(1)
0.5

 
1

 

 

Residential mortgage-backed
0.1

 
16

 
0.2

 
12

Commercial mortgage-backed

 

 

 

Other asset-backed

 

 

*
1

Total
$
2.4

 
19

 
$
1.4

 
18

(1) Primarily U.S. dollar denominated.
*Less than $0.1
 
Six Months Ended June 30,
 
2015
 
2014
 
Impairment
 
No. of Securities
 
Impairment
 
No. of Securities
U.S. corporate public securities
$

 

 
$
0.1

 
1

Foreign corporate public securities and foreign governments(1)
2.3

 
2

 
1.2

 
5

Foreign corporate private securities(1)
0.5

 
1

 

 

Residential mortgage-backed
1.5

 
23

 
0.9

 
15

Commercial mortgage-backed

 

 
0.1

 
2

Other asset-backed

 

 

*
1

Total
$
4.3

 
26

 
$
2.3

 
24

(1) Primarily U.S. dollar denominated.
 
 
 
 
 
 
 
*Less than $0.1

Net Investment Income
The following table summarizes Net investment income for the periods indicated:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Fixed maturities
$
300.8

 
$
297.5

 
$
606.2

 
$
598.3

Equity securities, available-for-sale
(0.1
)
 
2.4

 
1.5

 
4.5

Mortgage loans on real estate
42.7

 
41.7

 
88.2

 
81.8

Policy loans
3.3

 
3.3

 
6.5

 
6.6

Short-term investments and cash equivalents
0.2

 
0.2

 
0.4

 
0.3

Other
7.0

 
7.6

 
15.3

 
17.5

Gross investment income
353.9

 
352.7

 
718.1

 
709.0

Less: Investment expenses
13.7

 
12.6

 
26.4

 
25.3

Net investment income
$
340.2

 
$
340.1

 
$
691.7

 
$
683.7

Realized Gain (Loss) on Investments
Net realized capital gains (losses) were as follows for the periods indicated:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Fixed maturities, available-for-sale, including securities pledged
$
(7.6
)
 
$
(3.2
)
 
$
(10.4
)
 
$
0.3

Fixed maturities, at fair value option
(38.5
)
 
(10.9
)
 
(52.4
)
 
(23.5
)
Equity securities, available-for-sale
(0.3
)
 
0.3

 
(0.3
)
 
1.3

Derivatives
(73.5
)
 
4.6

 
(41.7
)
 
(12.9
)
Embedded derivative - fixed maturities
(2.5
)
 
(0.8
)
 
(2.7
)
 
(1.3
)
Embedded derivative - product guarantees
57.5

 
(14.2
)
 
12.0

 
(32.0
)
Other investments
(0.1
)
 

 

 

Net realized capital gains (losses)
$
(65.0
)
 
$
(24.2
)
 
$
(95.5
)
 
$
(68.1
)
After-tax net realized capital gains (losses)
$
(42.3
)
 
$
(15.7
)
 
$
(62.1
)
 
$
(44.2
)

Gain (Loss) on Investments
Proceeds from the sale of fixed maturities and equity securities, available-for-sale and the related gross realized gains and losses, before tax were as follows for the periods indicated:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
Proceeds on sales
$
474.0

 
$
499.0

 
$
636.5

 
$
970.0

Gross gains
6.3

 
8.6

 
7.8

 
20.9

Gross losses
11.8

 
10.2

 
15.5

 
20.1

Intent related impairment  
Available-for-sale Securities Including Securities Pledged [Line Items]  
Other than Temporary Impairment, Credit Losses Recognized in Earnings
The following tables summarize these intent impairments, which are also recognized in earnings, by type for the periods indicated:
 
Three Months Ended June 30,
 
2015
 
2014
 
Impairment
 
No. of Securities
 
Impairment
 
No. of Securities
U.S. corporate public securities
$

 

 
$

 

Foreign corporate public securities and foreign governments(1)
0.2

 
1

 
1.2

 
5

Foreign corporate private securities(1)

 

 

 

Residential mortgage-backed

*
1

 
0.1

 
2

Commercial mortgage-backed

 

 

 

Other asset-backed

 

 

 

Total
$
0.2

 
2

 
$
1.3

 
7

(1) Primarily U.S. dollar denominated.
*Less than $0.1
 
Six Months Ended June 30,
 
2015
 
2014
 
Impairment
 
No. of Securities
 
Impairment
 
No. of Securities
U.S. corporate public securities
$

 

 
$

 

Foreign corporate public securities and foreign governments(1)
0.7

 
1

 
1.2

 
5

Foreign corporate private securities(1)

 

 

 

Residential mortgage-backed
0.5

 
3

 
0.1

 
2

Commercial mortgage-backed

 

 
0.1

 
2

Other asset-backed

 

 

 

Total
$
1.2

 
4

 
$
1.4

 
9

(1) Primarily U.S. dollar denominated.

Credit related impairment  
Available-for-sale Securities Including Securities Pledged [Line Items]  
Other than Temporary Impairment, Credit Losses Recognized in Earnings
The following tables identify the amount of credit impairments on fixed maturities for which a portion of the OTTI loss was recognized in Other comprehensive income (loss) and the corresponding changes in such amounts for the periods indicated:
 
Three Months Ended June 30,
 
2015
 
2014
Balance at April 1
$
21.8

 
$
28.0

Additional credit impairments:
 
 
 
On securities not previously impaired

 

On securities previously impaired

 
0.1

Reductions:
 
 
 
Increase in cash flows

 

Securities sold, matured, prepaid or paid down
0.4

 
0.7

Balance at June 30
$
21.4

 
$
27.4

 
 
Six Months Ended June 30,
 
2015
 
2014
Balance at January 1
$
22.4

 
$
28.0

Additional credit impairments:
 
 
 
On securities not previously impaired

 
0.7

On securities previously impaired
0.8

 
0.2

Reductions:
 
 
 
Increase in cash flows
0.1

 

Securities sold, matured, prepaid or paid down
1.7

 
1.5

Balance at June 30
$
21.4

 
$
27.4

Duration  
Available-for-sale Securities Including Securities Pledged [Line Items]  
Schedule of Unrealized Loss on Investments
Unrealized capital losses (including noncredit impairments) in fixed maturities, including securities pledged, for instances in which fair value declined below amortized cost by greater than or less than 20% for consecutive months as indicated in the tables below, were as follows as of the dates indicated:
 
Amortized Cost
 
Unrealized Capital Losses
 
Number of Securities
 
< 20%
 
> 20%
 
< 20%
 
> 20%
 
< 20%
 
> 20%
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
Six months or less below amortized cost
$
5,009.8

 
$
85.8

 
$
166.0

 
$
21.5

 
841

 
9

More than six months and twelve months or less below amortized cost
344.3

 
15.5

 
28.4

 
3.8

 
75

 
2

More than twelve months below amortized cost
407.2

 
1.9

 
24.2

 
0.5

 
131

 
1

Total
$
5,761.3

 
$
103.2

 
$
218.6

 
$
25.8

 
1,047

 
12

 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Six months or less below amortized cost
$
1,690.4

 
$
59.7

 
$
50.5

 
$
13.2

 
341

 
13

More than six months and twelve months or less below amortized cost
115.1

 

 
6.7

 

 
34

 

More than twelve months below amortized cost
1,220.5

 
2.2

 
41.8

 
0.6

 
223

 
2

Total
$
3,026.0

 
$
61.9

 
$
99.0

 
$
13.8

 
598

 
15

Market Sector (Type of Security)  
Available-for-sale Securities Including Securities Pledged [Line Items]  
Schedule of Unrealized Loss on Investments
Unrealized capital losses (including noncredit impairments) in fixed maturities, including securities pledged, by market sector for instances in which fair value declined below amortized cost by greater than or less than 20% were as follows as of the dates indicated:
 
Amortized Cost
 
Unrealized Capital Losses
 
Number of Securities
 
< 20%
 
> 20%
 
< 20%
 
> 20%
 
< 20%
 
> 20%
June 30, 2015
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasuries
$
15.9

 
$

 
$
0.1

 
$

 
2

 

U.S. Government, agencies and authorities

 

 



 

 

State, municipalities and political subdivisions
227.4

 

 
8.5

 

 
70

 

U.S. corporate public securities
2,926.7

 

*
111.5

 

*
525

 
1

U.S. corporate private securities
625.1

 
24.5

 
28.6

 
5.6

 
54

 
2

Foreign corporate public securities and foreign governments
1,081.9

 
76.9

 
44.5

 
19.7

 
208

 
7

Foreign corporate private securities
379.6

 

 
11.9

 

 
39

 

Residential mortgage-backed
231.2

 

*
6.5

 

*
111

 
1

Commercial mortgage-backed
254.8

 

 
6.1

 

 
26

 

Other asset-backed
18.7

 
1.8

 
0.9

 
0.5

 
12

 
1

Total
$
5,761.3

 
$
103.2

 
$
218.6

 
$
25.8

 
1,047

 
12

 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
U.S. Treasuries
$
12.4

 
$

 
$

*
$

 
1

 

U.S. Government, agencies and authorities
2.3

 

 

*

 
1

 

State, municipalities and political subdivisions
22.6

 

 
0.1

 

 
8

 

U.S. corporate public securities
1,270.1

 
9.6

 
38.1

 
2.1

 
224

 
4

U.S. corporate private securities
273.6

 
15.5

 
5.3

 
3.6

 
30

 
1

Foreign corporate public securities and foreign governments
903.6

 
26.2

 
44.5

 
5.8

 
165

 
5

Foreign corporate private securities
148.7

 
8.4

 
4.0

 
1.7

 
20

 
1

Residential mortgage-backed
288.6

 

*
5.8

 

*
124

 
2

Commercial mortgage-backed
59.2

 

 
0.1

 

 
11

 

Other asset-backed
44.9

 
2.2

 
1.1

 
0.6

 
14

 
2

Total
$
3,026.0

 
$
61.9

 
$
99.0

 
$
13.8

 
598

 
15

* Less than $0.1.