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Condensed Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Net investment income $ 378.4 $ 372.7 $ 756.9 $ 729.2
Fee income 176.6 180.1 366.9 353.3
Premiums 8.9 124.1 23.9 492.0
Broker-dealer commission revenue 42.3 43.9 86.1 87.6
Net realized capital gains (losses):        
Total other-than-temporary impairments (0.3) (1.0) (0.4) (8.3)
Less: Portion of other-than-temporary impairment losses recognized in Other comprehensive income (loss) 0.0 0.1 0.0 0.1
Net other-than-temporary impairments recognized in earnings (0.3) (1.1) (0.4) (8.4)
Other net realized capital gains (losses) (47.2) (63.1) (102.4) (113.4)
Total net realized capital gains (losses) (47.5) (64.2) (102.8) (121.8)
Other revenue 1.8 0.9 2.0 (0.2)
Total revenues 560.5 657.5 1,133.0 1,540.1
Benefits and expenses:        
Interest credited and other benefits to contract owners/policyholders 245.0 374.7 479.8 986.0
Operating expenses 191.6 198.4 411.4 401.5
Broker-dealer commission expense 42.3 43.9 86.1 87.6
Net amortization of Deferred policy acquisition costs and Value of business acquired 133.7 (1.2) 135.5 (3.2)
Interest expense 0.0 0.0 0.1 0.0
Total benefits and expenses 612.6 615.8 1,112.9 1,471.9
Income (loss) before income taxes (52.1) 41.7 20.1 68.2
Income tax expense (benefit) (25.7) 10.4 (7.5) 16.4
Net income (loss) $ (26.4) $ 31.3 $ 27.6 $ 51.8