XML 30 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)

Shareholder’s equity included the following components of Accumulated Other Comprehensive Income ("AOCI") as of the dates indicated:
 
June 30,
 
 
2017
 
2016
 
Fixed maturities, net of OTTI
$
1,326.1

 
$
1,853.2

 
Equity securities, available-for-sale
15.9

 
15.9

 
Derivatives
169.3

 
215.3

 
DAC/VOBA and Sales inducements adjustment on available-for-sale securities
(450.3
)
 
(608.7
)
 
Premium deficiency reserve adjustment
(110.2
)
 
(112.0
)
 
Other
—

 
—

 
Unrealized capital gains (losses), before tax
950.8

 
1,363.7

 
Deferred income tax asset (liability)
(210.0
)
 
(350.9
)
 
Unrealized capital gains (losses), after tax
740.8

 
1,012.8

 
Pension and other postretirement benefits liability, net of tax
5.3

 
6.2

 
AOCI
$
746.1

 
$
1,019.0

 



Changes in AOCI, including the reclassification adjustments recognized in the Condensed Consolidated Statements of Operations were as follows for the periods indicated:
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2017
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
327.6

 
$
(113.9
)
 
$
213.7

 
Equity securities
0.4

 
(0.1
)
 
0.3

 
Other
—

 
—

 
—

 
OTTI
0.2

 
(0.1
)
 
0.1

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
1.6

 
(0.5
)
 
1.1

 
DAC/VOBA and Sales inducements
(92.6
)
 
32.3

 
(60.3
)
 
Premium deficiency reserve adjustment
(16.2
)
 
5.7

 
(10.5
)
 
Change in unrealized gains/losses on available-for-sale securities
221.0

 
(76.6
)
 
144.4

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
(10.0
)
(1) 
3.5

 
(6.5
)
 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(5.8
)
 
2.1

 
(3.7
)
 
Change in unrealized gains/losses on derivatives
(15.8
)
 
5.6

 
(10.2
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(0.5
)
 
0.2

 
(0.3
)
 
Change in pension and other postretirement benefits liability
(0.5
)
 
0.2

 
(0.3
)
 
Change in Other comprehensive income (loss)
$
204.7

 
$
(70.8
)
 
$
133.9

 
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Six Months Ended June 30, 2017
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
440.9

 
$
(153.3
)
 
$
287.6

 
Equity securities
0.7

 
(0.2
)
 
0.5

 
Other
—

 
—

 
—

 
OTTI
1.8

 
(0.6
)
 
1.2

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
20.7

 
(7.2
)
 
13.5

 
DAC/VOBA and Sales inducements
(125.9
)
(1) 
44.0

 
(81.9
)
 
Premium deficiency reserve adjustment
(21.0
)
 
7.4

 
(13.6
)
 
Change in unrealized gains/losses on available-for-sale securities
317.2

 
(109.9
)
 
207.3

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
(19.3
)
(2) 
6.8

 
(12.5
)
 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(11.6
)
 
4.1

 
(7.5
)
 
Change in unrealized gains/losses on derivatives
(30.9
)
 
10.9

 
(20.0
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.1
)
 
0.4

 
(0.7
)
 
Change in pension and other postretirement benefits liability
(1.1
)
 
0.4

 
(0.7
)
 
Change in Other comprehensive income (loss)
$
285.2

 
$
(98.6
)
 
$
186.6

 
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.







 
 
 
 
 
 
 
 
Three Months Ended June 30, 2016
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
659.9

 
$
(228.6
)
 
$
431.3

 
Equity securities
0.7

 
(0.2
)
 
0.5

 
Other
(0.1
)
 
—

* 
(0.1
)
 
OTTI
0.4

 
(0.2
)
 
0.2

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
6.4

 
(2.3
)
 
4.1

 
DAC/VOBA and Sales inducements
(190.5
)
 
66.7

 
(123.8
)
 
Premium deficiency reserve adjustment
(27.3
)
 
9.5

 
(17.8
)
 
Change in unrealized gains/losses on available-for-sale securities
449.5

 
(155.1
)
 
294.4

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
2.8

(1) 
(1.0
)
 
1.8

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(4.5
)
 
1.5

 
(3.0
)
 
Change in unrealized gains/losses on derivatives
(1.7
)
 
0.5

 
(1.2
)
 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(0.5
)
 
0.2

 
(0.3
)
 
Change in pension and other postretirement benefits liability
(0.5
)
 
0.2

 
(0.3
)
 
Change in Other comprehensive income (loss)
$
447.3

 
$
(154.4
)
 
$
292.9

 
* Less than $0.1.
(1) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.

 
Six Months Ended June 30, 2016
 
 
Before-Tax Amount
 
Income Tax
 
After-Tax Amount
 
Available-for-sale securities:
 
 
 
 
 
 
Fixed maturities
$
1,366.9

 
$
(473.1
)
 
$
893.8

 
Equity securities
1.2

 
(0.4
)
 
0.8

 
Other
—

 
—

 
—

 
OTTI
0.8

 
(0.3
)
 
0.5

 
Adjustments for amounts recognized in Net realized capital gains (losses) in the Condensed Consolidated Statements of Operations
47.6

 
(16.7
)
 
30.9

 
DAC/VOBA and Sales inducements
(412.3
)
(1) 
144.3

 
(268.0
)
 
Premium deficiency reserve adjustment
(45.5
)
 
15.9

 
(29.6
)
 
Change in unrealized gains/losses on available-for-sale securities
958.7

 
(330.3
)
 
628.4

 
 
 
 
 
 
 
 
Derivatives:
 
 
 
 
 
 
Derivatives
15.7

(2) 
(5.5
)
 
10.2

 
Adjustments related to effective cash flow hedges for amounts recognized in Net investment income in the Condensed Consolidated Statements of Operations
(8.7
)
 
3.0

 
(5.7
)
 
Change in unrealized gains/losses on derivatives
7.0

 
(2.5
)
 
4.5

 
 
 
 
 
 
 
 
Pension and other postretirement benefits liability:
 
 
 
 
 
 
Amortization of prior service cost recognized in Operating expenses in the Condensed Consolidated Statements of Operations
(1.1
)
 
0.4

 
(0.7
)
 
Change in pension and other postretirement benefits liability
(1.1
)
 
0.4

 
(0.7
)
 
Change in Other comprehensive income (loss)
$
964.6

 
$
(332.4
)
 
$
632.2

 
(1) See the Deferred Policy Acquisition Costs and Value of Business Acquired Note to these Condensed Consolidated Financial Statements for additional information.
(2) See the Derivative Financial Instruments Note to these Condensed Consolidated Financial Statements for additional information.