Investments (Tables)
| 9 Months Ended |
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Sep. 30, 2011 |
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Investments [Abstract] | |
Amortized Cost And Fair Value Of Available-For-Sale Fixed Maturities, Cost And Fair Value Of Equity Securities |
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September 30, 2011 |
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(in millions) |
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Amortized Cost or Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
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OTTI Unrealized Losses |
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Fixed maturities: |
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U.S. Treasury and government agencies |
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$ |
272.0 |
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$ |
7.3 |
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$ |
0.3 |
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$ |
279.0 |
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$ |
— |
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Foreign government |
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302.6 |
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0.4 |
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0.1 |
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302.9 |
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— |
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Municipal |
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970.0 |
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67.2 |
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4.3 |
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1,032.9 |
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— |
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Corporate |
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3,150.7 |
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188.3 |
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47.6 |
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3,291.4 |
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15.7 |
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Residential mortgage-backed |
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825.7 |
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47.0 |
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8.0 |
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864.7 |
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6.3 |
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Commercial mortgage-backed |
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338.1 |
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9.3 |
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1.3 |
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346.1 |
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— |
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Asset-backed |
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107.0 |
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4.0 |
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0.4 |
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110.6 |
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— |
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Total fixed maturities |
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$ |
5,966.1 |
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$ |
323.5 |
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$ |
62.0 |
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$ |
6,227.6 |
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$ |
22.0 |
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Equity securities |
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$ |
249.2 |
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$ |
9.7 |
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$ |
12.6 |
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$ |
246.3 |
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$ |
— |
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December 31, 2010 |
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Amortized Cost or Cost |
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Gross Unrealized Gains |
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Gross Unrealized Losses |
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Fair Value |
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OTTI Unrealized Losses |
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Fixed maturities: |
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U.S. Treasury and government agencies |
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$ |
259.4 |
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$ |
5.0 |
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$ |
3.2 |
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$ |
261.2 |
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$ |
— |
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Municipal |
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952.7 |
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21.3 |
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19.3 |
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954.7 |
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— |
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Corporate |
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2,276.0 |
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174.6 |
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30.2 |
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2,420.4 |
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19.5 |
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Residential mortgage-backed |
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704.2 |
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41.8 |
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11.9 |
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734.1 |
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8.3 |
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Commercial mortgage-backed |
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349.3 |
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18.3 |
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1.0 |
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366.6 |
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— |
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Asset-backed |
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57.2 |
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3.7 |
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— |
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60.9 |
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— |
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Total fixed maturities |
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$ |
4,598.8 |
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$ |
264.7 |
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$ |
65.6 |
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$ |
4,797.9 |
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$ |
27.8 |
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Equity securities |
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$ |
120.7 |
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$ |
9.8 |
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$ |
1.9 |
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$ |
128.6 |
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$ |
— |
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Maturities Of Available-For-Sale Debt Securities |
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(in millions) |
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September 30, 2011 |
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Amortized Cost |
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Fair Value |
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Due in one year or less |
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$ |
634.1 |
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$ |
636.1 |
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Due after one year through five years |
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1,802.7 |
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1,870.2 |
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Due after five years through ten years |
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1,594.0 |
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1,696.1 |
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Due after ten years |
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664.5 |
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703.8 |
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4,695.3 |
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4,906.2 |
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Mortgage-backed and asset-backed securities |
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1,270.8 |
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1,321.4 |
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Total fixed maturities |
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$ |
5,966.1 |
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$ |
6,227.6 |
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Fixed Maturities And Equity Securities In An Unrealized Loss Position | |
Proceeds From Sale Of Available-For-Sale Securities | |
Rollforward Of Cumulative Amounts Related To Credit Loss Portion Of OTTI Losses |
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(in millions) |
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Three Months Ended September 30 |
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Nine Months Ended September 30, |
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2011 |
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2010 |
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2011 |
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2010 |
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Credit losses, beginning of period |
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$ |
14.8 |
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$ |
19.5 |
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$ |
16.7 |
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$ |
20.0 |
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Credit losses for which an OTTI was not previously recognized |
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— |
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— |
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— |
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0.3 |
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Additional credit losses on securities for which an OTTI was previously recognized |
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0.4 |
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0.2 |
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0.6 |
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2.4 |
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Reductions for securities sold or matured during the period |
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(0.3 |
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(2.9 |
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(1.6 |
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(5.9 |
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Reduction for securities reclassified as intend to sell |
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— |
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(0.4 |
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(0.8 |
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(0.4 |
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Credit losses, end of period |
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$ |
14.9 |
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$ |
16.4 |
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$ |
14.9 |
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$ |
16.4 |
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