Document And Entity Information
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9 Months Ended | |
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Sep. 30, 2015
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Nov. 02, 2015
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Document And Entity Information [Abstract] | ||
Entity Registrant Name | SYMETRA FINANCIAL CORPORATION | |
Entity Central Index Key | 0001403385 | |
Document Type | 10-Q | |
Document Period End Date | Sep. 30, 2015 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2015 | |
Document Fiscal Period Focus | Q3 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Large Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 116,154,402 |
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If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Investments in limited partnership interests include tax credit investments and investments in private equity funds. The tax credit investments are accounted for under the equity method and recorded at amortized cost. The private equity fund investments are recorded at fair value. No definition available.
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- Definition
Interest, dividends, rents, ancillary and other revenues earned but not yet received by the entity on its investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Net amount of deferred policy acquisition costs capitalized on contracts remaining in force as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount needed to reflect the estimated ultimate cost of settling claims relating to insured events that have occurred on or before the balance sheet date, whether or not reported to the insurer at that date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of accrued obligation to policyholders that relates to insured events for long-duration contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allowance of loans made to policy and contract holders using their life insurance contracts' cash value or separate accounts as collateral. Includes deferred interest and fees, undisbursed portion of loan balance, unamortized costs and premiums over and discounts from face amounts. Excludes loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amounts, as of the balance sheet date, of assets not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate carrying amount, as of the balance sheet date, of liabilities not separately disclosed in the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Liability as of the balance sheet date to the policyholders for funds held that are returnable under the terms of insurance contracts that were not separately reported. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The liability as of the balance sheet date to the policyholders for deposits held under the terms of insurance contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after valuation allowance recoverable including premium paid under reinsurance contracts. Examples include, but are not limited to, settled and unsettled claims, incurred but not reported losses, loss adjustment expense, premium paid, policy benefits and policy reserves. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The fair value of the assets held by the Entity for the benefit of separate account policyholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of liability for variable contracts that meet specified criteria that are backed by assets held in separate accounts and carried at the fair value of those assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Fair value of investments in trading equity securities and other forms of trading securities that provide ownership interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Balance Sheets (Parenthetical) (USD $)
In Millions, except Share data, unless otherwise specified |
Sep. 30, 2015
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Dec. 31, 2014
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Available-for-sale securities: | ||
Fixed maturities, at amortized cost | $ 25,498.7 | $ 23,646.5 |
Marketable equity securities, at cost | 84.8 | 112.9 |
Trading securities: | ||
Trading marketable equity securities, at cost | 484.8 | 453.4 |
Investments in limited partnerships at fair value | 51.5 | 71.5 |
Other invested assets at fair value | $ 101.4 | $ 95.8 |
LIABILITIES AND STOCKHOLDERS' EQUITY | ||
Preferred stock, par value (USD per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 0 | 0 |
Common stock, par value (USD per share) | $ 0.01 | $ 0.01 |
Common stock, shares authorized | 750,000,000 | 750,000,000 |
Common stock, shares issued | 125,207,705 | 124,850,754 |
Common stock, shares outstanding | 116,154,402 | 115,797,451 |
Treasury stock, shares | 9,053,303 | 9,053,303 |
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- Definition
Fair value of investments in certain entities that calculate net asset value per share, including, but not limited to, by unit, membership interest, or other ownership interest. Investments include, but are not limited to, investments in certain hedge funds, venture capital funds, private equity funds, real estate partnerships or funds. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the cost of equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments for other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
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- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Fair value portion of other assets. No definition available.
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- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Cost of investments in equity securities and other forms of securities that provide ownership interests classified as trading. No definition available.
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- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This includes costs incurred during the period associated with normal operations, such as those relating to general administration and those not deferred as related to the acquisition or renewal of insurance contracts. No definition available.
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- Definition
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Interest allocated to policyholders holding contracts under which the insurer must provide a guaranteed yield. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount by which the fair value of an investment in debt and equity securities categorized as Available-for-sale is less than the amortized cost basis or carrying amount of that investment at the balance sheet date and the decline in fair value is deemed to be other than temporary, before considering whether or not such amount is recognized in earnings or other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before tax of other than temporary impairment (OTTI) on investment in available-for-sale debt security, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The adjustment to deferred policy acquisition costs and deferred sales inducements due to unrealized investment gains or losses recognized in other comprehensive income during the period, net of taxes. No definition available.
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- Definition
Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax and reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax and reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount after tax of other than temporary impairment (OTTI) loss on investment in available-for-sale debt security, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015
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Sep. 30, 2014
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Sep. 30, 2015
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Sep. 30, 2014
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Statement of Comprehensive Income [Abstract] | ||||
Changes in unrealized gains (losses) on available-for-sale securities, tax | $ (12.6) | $ (67.1) | $ (162.1) | $ 179.2 |
Other-than-temporary impairments on fixed maturities not related to credit losses, tax | (2.5) | 0 | (3.3) | 0 |
Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and deferred sales inducements, tax | 3.5 | 15.8 | 23.0 | (13.0) |
Impact of cash flow hedges, tax | $ 14.1 | $ 8.3 | $ 16.3 | $ 4.7 |
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- Definition
The tax effect on the adjustment to deferred policy acquisition costs and deferred sales inducements due to unrealized investment gains or losses recognized in other comprehensive income during the period. No definition available.
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- Definition
Amount of tax expense (benefit), after reclassification adjustments, of appreciation (loss) in value of unsold available-for-sale securities. Excludes amounts related to other than temporary impairment (OTTI) loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of tax expense (benefit), after reclassification adjustments, of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of tax (expense) benefit of other than temporary impairment (OTTI) on investment in available-for-sale debt security, recognized in other comprehensive loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Consolidated Statements Of Changes In Stockholders' Equity (USD $)
In Millions |
Total
|
Common Stock [Member]
|
Additional Paid In Capital [Member]
|
Treasury Stock [Member]
|
Retained Earnings [Member]
|
Accumulated Other Comprehensive Income [Member]
|
---|---|---|---|---|---|---|
Beginning Balance at Dec. 31, 2013 | $ 2,941.9 | $ 1.2 | $ 1,464.6 | $ (93.4) | $ 975.9 | $ 593.6 |
Net income | 186.8 | 0 | 0 | 0 | 186.8 | 0 |
Other comprehensive income (loss) | 317.5 | 0 | 0 | 0 | 0 | 317.5 |
Stock-based compensation | 5.3 | 0 | 5.3 | 0 | 0 | 0 |
Shares repurchased | (41.2) | 0 | 0 | (41.2) | 0 | 0 |
Dividends declared | (35.0) | 0 | 0 | 0 | (35.0) | 0 |
Ending Balance at Sep. 30, 2014 | 3,375.3 | 1.2 | 1,469.9 | (134.6) | 1,127.7 | 911.1 |
Beginning Balance at Jun. 30, 2014 | ||||||
Net income | 36.0 | |||||
Other comprehensive income (loss) | (79.5) | (79.5) | ||||
Ending Balance at Sep. 30, 2014 | 3,375.3 | 911.1 | ||||
Beginning Balance at Dec. 31, 2014 | 3,360.6 | 1.2 | 1,469.5 | (134.6) | 1,033.9 | 990.6 |
Net income | 89.6 | 0 | 0 | 0 | 89.6 | 0 |
Other comprehensive income (loss) | (234.1) | 0 | 0 | 0 | 0 | (234.1) |
Stock-based compensation | 7.2 | 0 | 7.2 | 0 | 0 | 0 |
Dividends declared | (97.2) | 0 | 0 | 0 | (97.2) | 0 |
Ending Balance at Sep. 30, 2015 | 3,126.1 | 1.2 | 1,476.7 | (134.6) | 1,026.3 | 756.5 |
Beginning Balance at Jun. 30, 2015 | ||||||
Net income | 19.6 | |||||
Other comprehensive income (loss) | 4.8 | 4.8 | ||||
Ending Balance at Sep. 30, 2015 | $ 3,126.1 | $ 756.5 |
X | ||||||||||
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Equity impact of the cost of common and preferred stock that were repurchased during the period. Recorded using the cost method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The amount of accrued interest income from investments. As a noncash item, this amount is added back to net income when calculating cash provided by or used in operations using the indirect method. No definition available.
|
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in the balance sheet value of capitalized acquisition costs that are associated with acquiring or renewing insurance contracts, excluding the impact of unrealized investment gains and losses. No definition available.
|
X | ||||||||||
- Definition
The net amount of fees charged to policyholders related to cost of insurance, mortality expense, surrenders and other administrative charges. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. No definition available.
|
X | ||||||||||
- Definition
The non-cash transaction related to the tax-free and taxable exchange of bonds for other investments. No definition available.
|
X | ||||||||||
- Definition
The present value of the Company's unconditional commitment to provide capital contributions related to its existing investments in limited partnerships. No definition available.
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X | ||||||||||
- Definition
The cash inflow associated with maturity, prepayments, calls (requests for early payments), and other repayments of investments. No definition available.
|
X | ||||||||||
- Definition
The cash inflow associated with the aggregate amount received by the entity through sale or maturity of fixed maturity and marketable equity securities during the period. No definition available.
|
X | ||||||||||
- Details
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X | ||||||||||
- Definition
The sum of the periodic adjustments of the differences between securities' face values and purchase prices that are charged against earnings. This is called accretion if the security was purchased at a discount and amortization if it was purchased at premium. As a noncash item, this element is an adjustment to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The sum of adjustments which are added to or deducted from net income or loss, including the portion attributable to noncontrolling interest, to reflect cash provided by or used in operating activities, in accordance with the indirect cash flow method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in investment income that has been earned but not yet received in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The change in the future policy benefit reserve balance on the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The increase (decrease) in other insurance liabilities during the period which liabilities are not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The adjustment required to reconcile net income to cash provided by (used in) operations related to the unpaid portion of interest credited to policy owner accounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Other income (expense) included in net income that results in no cash inflows or outflows in the period. Includes noncash adjustments to reconcile net income (loss) to cash provided by (used in) operating activities that are not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The net cash outflow or inflow from other investing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash outflow to reacquire common stock during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Cash outflow for purchase of trading, available-for-sale securities and held-to-maturity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow from the purchase of receivables arising from the mortgage note on real estate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow associated with other investments held by the entity for investment purposes not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from an insurance contract under which the policy holder make a lump sum payment or a series of payments in exchange for periodic payments to the policyholder beginning immediately or at some future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from additional borrowings, net of cash paid to third parties in connection with debt origination. No definition available.
|
X | ||||||||||
- Definition
The net cash inflow or outflow from other financing activities. This element is used when there is not a more specific and appropriate element in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow from proceeds from sale of receivables arising from the mortgage note on real estate; includes collections on mortgage notes receivable that are not classified as operating cash flows. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
The cash inflow associated with the sale of other investments not otherwise defined in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash outflow for an insurance contract under which the policy holder make a lump sum payment or a series of payments in exchange for periodic payments to the policyholder beginning immediately or at some future date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Description Of Business
|
9 Months Ended |
---|---|
Sep. 30, 2015
|
|
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Description Of Business | 1. Description of Business Symetra Financial Corporation is a Delaware corporation that, through its subsidiaries, offers products and services that serve the retirement, employment-based benefits and life insurance markets. These products and services are marketed through financial institutions, broker-dealers, benefits consultants, and independent agents and advisors in all 50 states and the District of Columbia. The Company's principal products include fixed, fixed indexed and variable deferred annuities, single premium immediate annuities, medical stop-loss insurance, limited benefit medical insurance, group life and disability income (DI) insurance, individual life insurance and institutional life insurance including bank-owned life insurance (BOLI) and variable corporate owned life insurance (COLI). The Company also services its block of structured settlement annuities. The accompanying interim condensed financial statements include, on a consolidated basis, the accounts of Symetra Financial Corporation and its subsidiaries, which are wholly-owned and collectively referred to as "Symetra" or "the Company." Proposed Sumitomo Merger On August 11, 2015, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Sumitomo Life Insurance Company, a mutual company (sougo kaisha) organized under the laws of Japan (“Sumitomo”) and SLIC Financial Corporation, a Delaware corporation and wholly-owned subsidiary of Sumitomo ("Merger Sub" and, together with Sumitomo, the "Sumitomo Parties"), which provides for the merger of Merger Sub with and into the Company (the “Merger”), with the Company surviving the Merger as a wholly-owned subsidiary of Sumitomo. The Company’s Board of Directors unanimously (1) determined that the Merger and the other transactions contemplated by the Merger Agreement are fair to, advisable and in the best interests of the Company and its stockholders, (2) approved the execution, delivery and performance of the Merger Agreement by the Company and the consummation of the Merger and the other transactions contemplated by the Merger Agreement, (3) resolved to recommend the approval and adoption of the Merger Agreement and the transactions contemplated by the Merger Agreement by the stockholders of the Company and (4) adopted and declared advisable the Merger Agreement. The Board of Directors received an opinion as to the fairness of the Merger consideration to be received by the stockholders of the Company from its financial advisor, Morgan Stanley & Co. LLC. If the proposed Merger is completed, at the effective time of the Merger (the “Effective Time”), each share of the Company’s common stock, par value $0.01 per share ("Common Stock"), issued and outstanding immediately prior to the Effective Time (other than shares of Common Stock owned by the Company or Sumitomo or their respective direct or indirect wholly-owned subsidiaries and shares of Common Stock with respect to which appraisal rights have been properly exercised in accordance with Delaware law) will be converted into the right to receive $32.00 in cash, without interest, less any applicable withholding taxes (the "per share merger consideration"). Stock options, shares of restricted stock and performance unit awards issued under the Symetra Financial Corporation Equity Plan (Symetra's "Equity Plan") will be paid out as described below under “Treatment of Incentive Compensation Awards.” The Merger Agreement was adopted by the affirmative vote of the holders of a majority of all outstanding shares of Common Stock at a Special Meeting of Stockholders held on November 5, 2015. In addition, on September 28, 2015, the Company and Sumitomo received notice of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Completion of the Merger remains subject to various closing conditions, however, including but not limited to, (1) the receipt of certain specified approvals of governmental authorities, including approvals of the Financial Services Agency of Japan, the Iowa Insurance Division, the New York State Department of Financial Services and the Financial Industry Regulatory Authority, and the expiration or termination of all waiting periods required by applicable law with respect to such approvals, in each case, without the imposition of a burdensome condition, and (2) the absence of any laws, temporary restraining orders, preliminary or permanent injunctions or other orders, judgments, decisions, opinions or decrees issued by a court or other governmental authority of competent jurisdiction and remaining in effect, having the effect of making the Merger illegal or otherwise prohibiting consummation of the Merger. Each party’s obligation to consummate the Merger also is subject to certain additional conditions that include the accuracy of the other party’s representations and warranties contained in the Merger Agreement (subject to certain materiality qualifiers) and the other party’s compliance, in all material respects, with its covenants and agreements contained in the Merger Agreement. The Merger Agreement does not contain a financing condition. The Merger Agreement contains representations and warranties customary for transactions of this type. The Merger Agreement also contains covenants and agreements customary for transactions of this type, including, among others, the Company's agreement to conduct its business in the ordinary course during the period between the execution of the Merger Agreement and the Effective Time and not to engage in certain kinds of transactions during this period. In addition, subject to certain limitations, either party may terminate the Merger Agreement if the Merger is not consummated by May 11, 2016, which date will be automatically extended until August 11, 2016 in the event of delays in obtaining regulatory approvals. Treatment of Incentive Compensation Awards Stock Options. At the Effective Time, without any further action on the part of any holder thereof, each option to purchase shares of Common Stock granted under Symetra's Equity Plan (each, a "stock option") that is outstanding and unexercised immediately prior to the Effective Time and that has an exercise price per share of Common Stock underlying such stock option that is less than the per share merger consideration (each such stock option, an "in-the-money stock option"), whether or not vested, will be cancelled and converted into the right to receive an amount in cash, without interest, less any applicable withholding taxes, determined by multiplying (i) the excess of the per share merger consideration over the per share exercise price of such in-the-money stock option by (ii) the number of shares of Common Stock subject to such in-the-money stock option. At the Effective Time, each stock option that is outstanding and unexercised immediately prior to the Effective Time and that has a per share exercise price that is equal to or greater than the per share merger consideration, whether or not vested, will be cancelled and the holder of such stock option will not be entitled to receive any payment in exchange for such cancellation. Restricted Stock Awards. At the Effective Time, each award of shares of Common Stock granted under Symetra's Equity Plan that remains subject to vesting conditions (each such award, a "restricted stock award") and that is outstanding immediately prior to the Effective Time will be cancelled and converted into the right to receive an amount in cash, without interest, less any applicable withholding taxes, determined by multiplying (i) the per share merger consideration by (ii) the number of shares of Common Stock subject to such restricted stock award. Performance Unit Awards. At the Effective Time, each performance unit award granted under Symetra's Equity Plan that is outstanding immediately prior to the Effective Time, whether or not vested (each, a "performance unit award"), will be cancelled and converted into the right to receive an amount in cash, less any applicable withholding taxes, calculated by determining the amount that would have been paid with respect to such performance unit award for the subject award's full performance period, based on annualized performance for the subject award through the period ended on the December 31 immediately preceding the Effective Time as if such annualized performance was achieved over the full subject award period (based on the conditions set for payment of such performance unit award for the subject award period). |
X | ||||||||||
- Definition
The entire disclosure for the organization, consolidation and description of business. No definition available.
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X | ||||||||||
- Details
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Summary Of Significant Accounting Policies
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9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Accounting Policies [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary Of Significant Accounting Policies | 2. Summary of Significant Accounting Policies The interim condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP), including the rules and regulations of the Securities and Exchange Commission (SEC). The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that may affect the amounts reported in the interim condensed consolidated financial statements and accompanying notes. These interim condensed consolidated financial statements are unaudited and in management's opinion include all adjustments, consisting of normal recurring adjustments and accruals, necessary for a fair presentation. All significant intercompany transactions and balances have been eliminated. Certain reclassifications have been made to prior year financial information to conform to the current period presentation. The provision (benefit) for income taxes on the consolidated statements of income reflects the Company's estimated effective tax rate for the year. The difference between this rate and the U.S. federal income tax rate of 35% was primarily due to benefits from the Company's tax credit investments. These interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. Financial results for the three and nine months ended September 30, 2015 are not necessarily indicative of the results that may be expected for the twelve months ending December 31, 2015. Accounting Pronouncements
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- Details
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X | ||||||||||
- Definition
The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Earnings Per Share | 3. Earnings Per Share Basic earnings per share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Diluted earnings per share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period, adjusted for the potential issuance of common stock if dilutive. Participating securities, which include restricted stock issued to the Company's employees, are those for which the instrument holders are entitled to receive any dividends declared on the common stock concurrently with the holders of outstanding shares of common stock, on a one-to-one basis. Participating securities are included in basic and diluted earnings per share, based on the application of the two-class method, for the portion of the period for which the securities were outstanding. For both the three and nine months ended September 30, 2015, the Company's 2,650,000 stock options were dilutive, based on application of the treasury stock method, and included in the computation of diluted earnings per share. For the three and nine months ended September 30, 2014, these stock options were excluded from the computation of diluted earnings per share because they were anti-dilutive. The following table presents information relating to the Company's calculations of basic and diluted earnings per share:
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments
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Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments | 4. Investments The following tables summarize the Company's available-for-sale fixed maturities and marketable equity securities:
The following tables summarize gross unrealized losses and fair values of the Company's available-for-sale investments. The tables are aggregated by investment category and present separately those securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more.
Based on National Association of Insurance Commissioners (NAIC) ratings as of September 30, 2015 and December 31, 2014, the Company held below-investment-grade fixed maturities with fair values of $1,095.5 and $1,126.6, respectively, and amortized costs of $1,119.4 and $1,111.9, respectively. These holdings amounted to 4.1% and 4.4% of the Company's investments in fixed maturities at fair value as of both September 30, 2015 and December 31, 2014, respectively. The following table summarizes the amortized cost and fair value of fixed maturities as of September 30, 2015, by contractual years to maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.
The following table summarizes the Company's net investment income:
The following table summarizes the Company's net realized gains (losses):
Other-Than-Temporary Impairments (OTTI) The Company's review of available-for-sale investment securities for OTTI includes both quantitative and qualitative criteria. Quantitative criteria include the length of time and amount that each security is in an unrealized loss position (i.e., is underwater) and, for fixed maturities, whether expected future cash flows indicate that a credit loss exists. While all securities are monitored for impairment, the Company's experience indicates that, under normal market conditions, securities for which the cost or amortized cost exceeds fair value by less than 20% do not typically represent a significant risk of impairment and, often, fair values recover over time as the factors that caused the declines improve. If the estimated fair value has declined and remained below cost or amortized cost by 20% or more for at least six months, the Company further analyzes the decrease in fair value to determine whether it is an other-than-temporary decline. To make this determination for each security, the Company considers, among other factors:
For fixed maturities, the Company concludes that an OTTI has occurred if a security is underwater and there is an intent or requirement to sell the security or if the present value of expected cash flows is less than the amortized cost of the security (i.e., a credit loss exists). Where a credit loss exists, the Company isolates the portion of the total unrealized loss related to the credit loss, which is recognized in realized gains (losses) on the consolidated statements of income, and the remainder of the unrealized loss is recorded as a non-credit OTTI through other comprehensive income. If there is an intent or requirement to sell the security, the entire unrealized loss is recognized in realized gains (losses). To determine the amount of a credit loss, the Company calculates the recovery value by discounting its estimate of future cash flows from the security. The discount rate is the original effective yield for corporate securities or current effective yield for mortgage-backed and other structured securities. Determination of Credit-Related OTTI on Corporate Securities To determine the recovery value for a corporate security, the Company performs an analysis including, but not limited to, the following:
Determination of Credit-Related OTTI on Structured Securities To determine the recovery value for a structured security, including residential mortgage-, commercial mortgage- and other asset-backed securities, the Company performs an analysis including, but not limited to, the following:
The following table presents the severity and duration of the gross unrealized losses on the Company's underwater available-for-sale fixed maturities, after the recognition of OTTI:
The Company reviewed its available-for-sale fixed maturities with unrealized losses as of September 30, 2015 in accordance with its impairment policy and determined, after the recognition of OTTI, that the remaining declines in fair value were temporary. The Company did not intend to sell its underwater securities, and it was not more likely than not that the Company will be required to sell the securities before recovery of cost or amortized cost, which may be maturity. This conclusion is supported by the Company's spread analyses, cash flow modeling and expected continuation of contractually required principal and interest payments. As of September 30, 2015 and December 31, 2014, there were $2.2 and $0.2, respectively, of gross unrealized losses related to available-for-sale marketable equity securities with a total fair value of $5.9 and $0.7, respectively, that were underwater by 20% or more. As of September 30, 2015 and December 31, 2014, the Company has evaluated the near-term prospects of its available-for-sale equity securities with unrealized losses in relation to the severity and duration of the impairment. Based on that evaluation, the Company concluded that it had the ability and intent to hold these investments until a recovery of fair value. Changes in the amount of credit-related OTTI recognized in net income where the portion related to other factors was recognized in other comprehensive income (OCI) were as follows:
Investments in Limited Partnerships — Affordable Housing Project Investments The Company invests in limited partnerships that are established to fund low-income housing and other qualifying purposes, where the primary return on investment is in the form of income tax credits. These are collectively referred to as "tax credit investments," and the majority of the Company's investments in such partnerships relate to affordable housing project investments. As of September 30, 2015 and December 31, 2014, the Company's tax credit investments had carrying values of $212.9 and $238.4, respectively, of which $203.0 and $228.7 related to affordable housing project investments, respectively. The Company's tax credit investments are primarily accounted for under the equity method and recorded at amortized cost. These investments are amortized based on the expected performance of the underlying partnership, with amortization recorded as a reduction to net investment income. When the carrying value of an investment exceeds the total amount of remaining tax benefits, the Company records an impairment loss, which is included in other net realized gains (losses). Although these investments decrease income on a pre-tax basis, the partnerships provide tax benefits that decrease the Company's income tax expense. The following table sets forth the impact of affordable housing project investments on net income. These amounts do not include the impacts of the Company's holdings in other types of tax credit investments.
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The entire disclosure for cash, cash equivalents, investments in debt and equity instruments (including cost and equity investees and related income statement amounts), equity and cost method investments, investments in joint ventures and any other investment. No definition available.
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Mortgage Loans
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Sep. 30, 2015
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Mortgage Loans on Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mortgage Loans | 5. Mortgage Loans The Company originates and manages a portfolio of mortgage loans which are secured by first-mortgage liens on income-producing commercial real estate, primarily in the retail, industrial and office building sectors. Loans are underwritten based on loan-to-value (LTV) ratios and debt-service coverage ratios (DSCR), as well as detailed market, property and borrower analyses. The Company's mortgage loan portfolio is considered a single portfolio segment and class of financing receivables, which is consistent with how the Company assesses and monitors the risk and performance of the portfolio. A large majority of these loans have personal guarantees, and all mortgaged properties are inspected annually. The Company's mortgage loan portfolio is diversified by geographic region, loan size and scheduled maturity. As of September 30, 2015, the three states with the largest concentrations of the Company's commercial mortgage loans were California, primarily the Los Angeles area, Texas and Washington. Loans in these states comprised 28.5%, 11.4% and 7.9% of the total portfolio, respectively. Allowance for Mortgage Loans The allowance for losses on mortgage loans provides for the risk of credit loss inherent in the lending process. The allowance includes a portfolio reserve for probable losses incurred but not specifically identified and, as needed, specific reserves for impaired loans. The allowance for losses on mortgage loans is evaluated at each reporting period and adjustments are recorded when appropriate. To assist in its evaluation of the allowance for loan losses, the Company utilizes the following credit quality indicators to categorize its loans as lower, medium or higher risk:
Loans are specifically evaluated for impairment if the Company considers it probable that amounts due according to the terms of the loan agreement will not be collected, or the loan is modified in a troubled debt restructuring. The Company establishes specific reserves for these loans when the fair value is less than the carrying value. The following table sets forth the Company's mortgage loans by risk category:
In developing the portfolio reserve for incurred but not specifically identified losses, the Company evaluates loans by risk category and considers past loan experience, commercial real estate market conditions, and third-party data for expected losses on loans with similar LTV ratios and DSCRs. Each loan's LTV ratio and DSCR is updated annually, primarily during the third quarter. In developing its provision for specifically identified loans, a market valuation on the collateral is performed to determine if a reserve is necessary. As of September 30, 2015 and December 31, 2014, the balance of the Company's allowance for mortgage loan losses was $8.1. For the three and nine months ended September 30, 2015 and 2014, no additional provisions or charge-offs were recorded. Non-performing loans, defined generally as those in default, close to being in default or more than 90 days past due, are placed on non-accrual status. As of September 30, 2015, no loans were considered non-performing. As of December 31, 2014, one loan with an outstanding balance of $1.5 was considered non-performing. |
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The entire disclosure for mortgage loans on real estate, this includes the supplemental information pertaining to each mortgage loan receivable that equals or exceeds three percent of the carrying amount of mortgages. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Derivative Instruments and Hedging Activities Disclosure [Text Block] | 6. Derivative Instruments The following table sets forth the fair value of the Company's derivative instruments, including embedded derivatives that primarily relate to the Company's FIA products. In the consolidated balance sheets, derivative contracts in an asset position are included in other invested assets, derivative contracts in a liability position are included in other liabilities, and embedded derivative liabilities are included in funds held under deposit contracts.
Collateral Arrangements and Offsetting of Financial Instruments The Company's derivative contracts are typically governed by an International Swaps and Derivatives Association (ISDA) Master Agreement, except for foreign currency forwards which do not require an ISDA. For each ISDA, the Company and the counterparty have also entered into a credit support annex (CSA) to reduce the risk of counterparty default in derivative transactions by requiring the posting of cash collateral or other financial assets. The CSA requires either party to post collateral when net exposures from all derivative contracts between the parties exceed pre-determined contractual thresholds, which vary by counterparty. The amount of net exposure is the difference between the derivative contract's fair value and the fair value of the collateral held for such agreements with each counterparty. Collateral amounts required to be posted or received are determined daily based on the net exposure with each counterparty under a master netting agreement. The Company is also required to post initial and variation margin on certain centrally cleared instruments and, as a result, may have collateral posted related to derivatives in an asset position. The Company does not offset recognized collateral amounts pledged or received against the fair value amounts recognized for derivative contracts. In the consolidated balance sheets, the Company recognizes cash collateral received in cash and cash equivalents, and the obligation to return cash collateral in other liabilities. Non-cash collateral received is not recognized in the consolidated balance sheets. In the event of default, the counterparty relinquishes claim to the assets pledged as collateral, and the Company recognizes the collateral as its own asset recorded at fair value, or, in the case of cash collateral, derecognizes its obligation to return collateral. The following tables present the potential effect of netting arrangements by counterparty on the Company's consolidated balance sheets:
(1) Amounts include financial instrument collateral of $1.9 posted by the Company to comply with regulatory requirements on certain centrally cleared instruments.
Derivatives Designated as Hedges The following table presents the amount of gain (loss) recognized in OCI on derivatives qualifying and designated as cash flow hedges:
See Note 9 for amounts reclassified out of accumulated other comprehensive income (AOCI) into net income for the three and nine months ended September 30, 2015 and 2014. The Company expects to reclassify net gains of $8.8 from AOCI into net income in the next 12 months, which includes both discontinued hedges and periodic settlements of active hedges. Actual amounts may vary from this estimate as a result of market conditions. As of September 30, 2015, the maximum term over which the Company is hedging its exposure to the variability in future cash flows is approximately fifteen years. For the three and nine months ended September 30, 2015 and 2014, no material hedge ineffectiveness was recorded. Derivatives Not Designated as Hedges The following table shows the effect of derivatives not designated as hedges in the consolidated statements of income, which is recorded in net realized gains (losses):
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The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Of Financial Instruments
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair Value Of Financial Instruments | 7. Fair Value of Financial Instruments The Company determines the fair value of its financial instruments based on the fair value hierarchy, which favors the use of observable inputs over the use of unobservable inputs when measuring fair value. The Company has categorized its financial instruments into the three-level hierarchy, which gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The level assigned to a fair value measurement is based on the lowest-level input that is significant to the measurement. The fair value measurements for the Company's financial instruments are categorized as follows:
The following tables present the fair value of the Company's financial instruments classified by the valuation hierarchy described above. The financial instruments are separated between those measured at fair value on a recurring basis and those not carried at fair value, but for which disclosure of fair value is required.
Financial Instruments Measured at Fair Value on a Recurring Basis Fixed Maturities The vast majority of the Company's fixed maturities have been classified as Level 2 measurements. To make this assessment, the Company determines whether the market for a security is active and if significant pricing inputs are observable. The Company predominantly utilizes third-party independent pricing services to assist management in determining the fair value of its fixed maturity securities. As of September 30, 2015 and December 31, 2014, respectively, pricing services provided prices for 95.0% and 96.0% of the Company's fixed maturities. As of September 30, 2015, the Company had $1,172.3, or 4.4%, of its fixed maturities invested in private placement securities. The use of significant observable inputs in determining the fair value of the Company's investments in private placement securities resulted in the classification of $1,042.5, or 88.9%, as Level 2 measurements as of September 30, 2015. As of December 31, 2014, the Company had $929.0, or 3.7%, of its fixed maturities invested in private placement securities, of which $870.7, or 93.7%, were classified as Level 2 measurements. Corporate Securities The majority of corporate securities classified as Level 2 measurements are priced by independent pricing services utilizing evaluated pricing models. Because many corporate securities do not trade on a daily basis, evaluated pricing models apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing to prepare valuations. The significant inputs for security evaluations include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and other reference data, including market research publications. The following table presents additional information about the composition of the Level 2 corporate securities:
As of September 30, 2015 and December 31, 2014, $952.3, or 4.7%, and $770.6, or 4.0%, respectively, of Level 2 corporate securities were privately placed. These securities were valued using a matrix pricing approach. The significant inputs to the measurement are the base credit spread, treasury yield and expected future cash flows of the security, which are all observable inputs. The base spread is determined based on trades of similar publicly-traded securities, and the expected future cash flows are based on the contractual terms of the security. This approach also incorporates an illiquidity spread, determined based on premiums demanded by investors for privately placed securities. The illiquidity spread is an unobservable input, which ranges from 0 to 60 basis points and is based on the credit quality of the security. The illiquidity spread does not significantly impact the resulting valuation and thus management does not believe it prohibits Level 2 classification. Residential Mortgage-backed Securities The Company's residential mortgage-backed securities (RMBS) classified as Level 2 measurements are priced by pricing services that utilize evaluated pricing models. Because many RMBS do not trade on a daily basis, evaluated pricing models apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing to prepare evaluations. The significant observable inputs for security evaluations include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers and other reference data, including market research publications. In addition, the pricing services use models and processes to develop prepayment and interest rate scenarios. The pricing services monitor market indicators, industry and economic events, and their models take into account market convention. Agency securities comprised 87.7% and 87.9% of the Company's Level 2 RMBS as of September 30, 2015 and December 31, 2014, respectively. These securities were primarily fixed-rate, with a weighted-average coupon rate of 3.98% and 4.18% as of September 30, 2015 and December 31, 2014, respectively. The following table presents additional information about the composition of the Level 2 non-agency RMBS securities:
As of September 30, 2015 and December 31, 2014, the Company's non-agency Level 2 RMBS had a weighted-average credit enhancement of 10.6% and 9.0%, respectively. As of September 30, 2015 and December 31, 2014, $237.8 and $232.3, or 70.3% and 65.7%, respectively, of the Company's non-agency Level 2 RMBS were originated prior to 2004, or subsequent to 2008. The underlying collateral in these years is considered to be of higher quality due to more stringent underwriting standards. Commercial Mortgage-backed Securities The Company's commercial mortgage-backed securities (CMBS) classified as Level 2 measurements are priced by pricing services that utilize evaluated pricing models. Because many CMBS do not trade on a daily basis, evaluated pricing models apply available information through processes, such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing to prepare evaluations. The significant observable inputs for security evaluations include benchmark yields, reported trades, broker-dealer quotes, issuer spreads, two-sided markets, benchmark securities, bids, offers, new issues, monthly payment information and other reference data, including market research publications. The Company's Level 2 CMBS securities were primarily non-agency securities, which comprised 91.6% and 87.8% of Level 2 CMBS as of September 30, 2015 and December 31, 2014, respectively. The non-agency Level 2 CMBS had an estimated weighted-average credit enhancement of 32.3% and 32.8% as of September 30, 2015 and December 31, 2014, respectively, and 89.1% and 96.8% were in the most senior tranche as of September 30, 2015 and December 31, 2014, respectively. The weighted-average coupon rate on these securities was 4.56% and 4.65% as of September 30, 2015 and December 31, 2014, respectively. The following table presents additional information about the composition of the underlying collateral of Level 2 non-agency CMBS securities:
Marketable Equity Securities Marketable equity securities are investments in common stock (mainly in publicly traded companies), exchange-traded funds (ETFs), and certain nonredeemable preferred stocks. When the fair values of the Company's marketable equity securities are based on quoted market prices in active markets for identical assets, they are classified as Level 1 measurements. The fair values of nonredeemable preferred stocks are determined by pricing services utilizing evaluated pricing models and are classified as a Level 2 measurement. These valuations are created based on benchmark curves using industry standard inputs and exchange prices of underlying securities and common stock of the same issuer. Investments in Limited Partnerships Investments in limited partnerships recorded at fair value relate to the Company's alternative investments, primarily private equity and hedge funds. The Company utilizes the fair value option for these investments, regardless of ownership percentage, to standardize the related accounting and reporting. The fair value is determined using the practical expedient based on the Company's proportionate interest in the underlying partnership or fund's net asset values (NAV). The Company's ability to redeem or otherwise liquidate these investments varies by partnership. If the partnership terms generally allow for redemption or liquidation within one year, the investment is classified as a Level 2 measurement. Otherwise, the investment is classified as a Level 3 measurement. Equity Index Options Equity index options consist primarily of Standard & Poor's 500 Index® (S&P 500) options. The fair values of these index options were determined using option pricing models. Significant inputs include index implied volatilities, index dividend yields, index prices, a risk-free rate, option term and option strike price. As these inputs are observable, most equity index options are classified as a Level 2 measurement. Separate Accounts Separate account assets are primarily invested in mutual funds with published NAVs, which are classified as a Level 1 measurement. Embedded Derivatives Embedded derivatives relate to the Company's FIA product, which credits interest to the policyholder's account balance based on increases in selected indices, primarily the S&P 500. The fair value of the embedded derivative reflects the excess of the projected benefits based on the indexed fund value over the projected benefits based on the guaranteed fund value. The excess benefits are projected using best estimates for surrenders, mortality and indexed fund interest, and discounted at a risk-free rate plus a spread for nonperformance and policyholder behavior risk. Because the estimates utilize significant unobservable inputs, the Company classifies the embedded derivatives as a Level 3 measurement. Foreign Currency Swaps Foreign currency swaps are valued using an income approach. These swaps are priced utilizing a discounted cash flow model. The significant inputs include the projected cash flows, currency spot rates, swap yield curve and cross currency basis curve. As these inputs are observable, the foreign currency swaps are classified as a Level 2 measurement. Other Financial Instruments Subject to Fair Value Disclosure Requirements Cash and cash equivalents consist of demand bank deposits and short-term highly liquid investments with original maturities of three months or less at the time of purchase. These are classified as a Level 1 measurement. The fair value of the Company's mortgage loans are measured by discounting the projected future cash flows using the current rate at which the loans would be made to borrowers with similar credit ratings and for the same maturities. Because these estimates utilize significant unobservable inputs, mortgage loans are classified as a Level 3 measurement. The fair value of the Company's investments in limited partnerships associated with tax credit investments are estimated based on the discounted cash flows over the remaining life of the tax credits, using the original internal rate of return for each investment. As these inputs are considered observable, investments in limited partnerships related to tax credit investments are classified as a Level 2 measurement. The fair values of funds held under deposit contracts related to investment-type contracts are estimated based on the present value of the discounted cash flows. Cash flows were projected using best estimates for lapses, mortality and expenses, and discounted at a risk-free rate plus a spread for nonperformance and policyholder behavior risk. Because these estimates utilize significant unobservable inputs, the Company classifies funds held under deposit contracts as a Level 3 measurement. The fair value of the Company's notes payable are determined by an independent pricing service utilizing evaluated pricing models, consistent with how fair value was determined for the majority of its corporate securities. The use of observable inputs resulted in the classification of notes payable as a Level 2 measurement. Rollforward of Financial Instruments Measured at Fair Value on a Recurring Basis Using Significant Unobservable Inputs (Level 3) The following table presents additional information about financial instruments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs (Level 3) to determine fair value for the three and nine months ended September 30, 2015:
The following table presents additional information about financial instruments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs (Level 3) to determine fair value for the three and nine months ended September 30, 2014:
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The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Deferred Policy Acquisition Costs (DAC) and Deferred Sales Inducements (DSI)
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Deferred Policy Acquisition Cost Deferred Sales Inducement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Deferred Policy Acquisition Costs (DAC) and Deferred Sales Inducements (DSI) | 8. Deferred Policy Acquisition Costs (DAC) and Deferred Sales Inducements (DSI) The following table provides a reconciliation of the beginning and ending balance for DAC:
The following table provides a reconciliation of the beginning and ending balance for DSI, which is included in receivables and other assets in the consolidated balance sheets. DSI amortization is included in interest credited in the consolidated statements of income.
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Stockholders' Equity
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Stockholders' Equity | 9. Stockholders' Equity The following table summarizes the components of AOCI and the adjustments to OCI for amounts reclassified from AOCI into net income for the three and nine months ended September 30, 2015:
The following table summarizes the components of AOCI and the adjustments to OCI for amounts reclassified from AOCI into net income for the three and nine months ended September 30, 2014:
Common Stock Outstanding The following table provides a reconciliation of changes in outstanding shares of common stock:
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The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Commitments And Contingencies
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9 Months Ended |
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Commitments and Contingencies Disclosure [Abstract] | |
Commitments And Contingencies | 10. Commitments and Contingencies Litigation Because of the nature of its business, the Company is subject to legal actions filed or threatened in the ordinary course of its business operations. The Company establishes liabilities for litigation and regulatory actions when it is probable that a loss has been incurred and the amount of the loss can be reasonably estimated. For matters where a loss is believed to be reasonably possible, but not probable, no liability is established. For such matters, the Company may provide an estimate of the possible loss or range of loss or a statement that such an estimate cannot be made. The Company reviews relevant information with respect to litigation and regulatory matters on a quarterly and annual basis and updates its established liabilities, disclosures and estimates of reasonably possible losses or range of loss based on such reviews. Although the Company cannot predict the outcome of any litigation or regulatory action, the Company does not believe that any such matters will have an impact on its financial condition or results of operations that differs materially from the Company’s established liabilities. Given the inherent difficulty in predicting the outcome of such matters, however, it is possible that an adverse outcome in certain such matters could be material to the Company’s financial condition or results of operations for any particular reporting period. Other Commitments and Contingencies As of September 30, 2015, the Company had no material changes to its other commitments or contingencies since December 31, 2014. |
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The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Segment Information | 11. Segment Information The Company offers a broad range of products and services that include retirement, group health and employee benefits and life insurance products. These operations are managed separately as three divisions, consisting of four business segments based on product groupings, and a fifth reportable segment consisting primarily of unallocated corporate items and surplus investment income. The five segments are Benefits, Deferred Annuities, Income Annuities, Individual Life and Other. The following tables present selected financial information by segment and reconcile segment pre-tax adjusted operating income (loss) to amounts reported in the consolidated statements of income:
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The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Subsequent Event
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9 Months Ended |
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Sep. 30, 2015
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Subsequent Events [Abstract] | |
Subsequent Events | 12. Subsequent Events On October 16, 2015, the Company entered into a term loan credit agreement. The Company may borrow up to $300.0 of unsecured term loans on a single delayed-draw basis on or before April 1, 2016. The Company will use the proceeds of the term loans to settle its $300.0 Senior Notes that are scheduled to mature on April 1, 2016. The term loans will bear interest at a variable annual rate based on LIBOR or an alternate base rate plus an applicable margin and are scheduled to mature two years after the borrowing date, which maturity may be extended subject to certain conditions in the credit agreement. On November 5, 2015, the Company declared a dividend of $0.11 per common share, or approximately $12.8 in total, to stockholders of record as of November 19, 2015. The dividend will be paid on or about December 4, 2015. The Company held a Special Meeting of Stockholders on November 5, 2015. At the meeting, the Company's stockholders voted upon and approved a proposal to adopt the Merger Agreement and approved certain related matters. |
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The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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Summary Of Significant Accounting Policies (Policy)
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Accounting Policies [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Basis of Accounting, Policy | The interim condensed consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles (GAAP), including the rules and regulations of the Securities and Exchange Commission (SEC). |
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Use of Estimates, Policy | The preparation of financial statements in conformity with GAAP requires the Company to make estimates and assumptions that may affect the amounts reported in the interim condensed consolidated financial statements and accompanying notes. These interim condensed consolidated financial statements are unaudited and in management's opinion include all adjustments, consisting of normal recurring adjustments and accruals, necessary for a fair presentation. |
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Reclassification, Policy | Certain reclassifications have been made to prior year financial information to conform to the current period presentation. |
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New Accounting Pronouncements | Accounting Pronouncements
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Earnings Per Share, Policy | Basic earnings per share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period. Diluted earnings per share represents the amount of earnings for the period available to each share of common stock outstanding during the reporting period, adjusted for the potential issuance of common stock if dilutive. Participating securities, which include restricted stock issued to the Company's employees, are those for which the instrument holders are entitled to receive any dividends declared on the common stock concurrently with the holders of outstanding shares of common stock, on a one-to-one basis. Participating securities are included in basic and diluted earnings per share, based on the application of the two-class method, for the portion of the period for which the securities were outstanding. For both the three and nine months ended September 30, 2015, the Company's 2,650,000 stock options were dilutive, based on application of the treasury stock method, and included in the computation of diluted earnings per share. For the three and nine months ended September 30, 2014, these stock options were excluded from the computation of diluted earnings per share because they were anti-dilutive. |
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Investments, Policy | Other-Than-Temporary Impairments (OTTI) The Company's review of available-for-sale investment securities for OTTI includes both quantitative and qualitative criteria. Quantitative criteria include the length of time and amount that each security is in an unrealized loss position (i.e., is underwater) and, for fixed maturities, whether expected future cash flows indicate that a credit loss exists. While all securities are monitored for impairment, the Company's experience indicates that, under normal market conditions, securities for which the cost or amortized cost exceeds fair value by less than 20% do not typically represent a significant risk of impairment and, often, fair values recover over time as the factors that caused the declines improve. If the estimated fair value has declined and remained below cost or amortized cost by 20% or more for at least six months, the Company further analyzes the decrease in fair value to determine whether it is an other-than-temporary decline. To make this determination for each security, the Company considers, among other factors:
For fixed maturities, the Company concludes that an OTTI has occurred if a security is underwater and there is an intent or requirement to sell the security or if the present value of expected cash flows is less than the amortized cost of the security (i.e., a credit loss exists). Where a credit loss exists, the Company isolates the portion of the total unrealized loss related to the credit loss, which is recognized in realized gains (losses) on the consolidated statements of income, and the remainder of the unrealized loss is recorded as a non-credit OTTI through other comprehensive income. If there is an intent or requirement to sell the security, the entire unrealized loss is recognized in realized gains (losses). To determine the amount of a credit loss, the Company calculates the recovery value by discounting its estimate of future cash flows from the security. The discount rate is the original effective yield for corporate securities or current effective yield for mortgage-backed and other structured securities. Determination of Credit-Related OTTI on Corporate Securities To determine the recovery value for a corporate security, the Company performs an analysis including, but not limited to, the following:
Determination of Credit-Related OTTI on Structured Securities To determine the recovery value for a structured security, including residential mortgage-, commercial mortgage- and other asset-backed securities, the Company performs an analysis including, but not limited to, the following:
The Company's tax credit investments are primarily accounted for under the equity method and recorded at amortized cost. These investments are amortized based on the expected performance of the underlying partnership, with amortization recorded as a reduction to net investment income. When the carrying value of an investment exceeds the total amount of remaining tax benefits, the Company records an impairment loss, which is included in other net realized gains (losses). |
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Loans and Leases Receivable, Allowance for Loan Losses, Policy | In developing the portfolio reserve for incurred but not specifically identified losses, the Company evaluates loans by risk category and considers past loan experience, commercial real estate market conditions, and third-party data for expected losses on loans with similar LTV ratios and DSCRs. Each loan's LTV ratio and DSCR is updated annually, primarily during the third quarter. In developing its provision for specifically identified loans, a market valuation on the collateral is performed to determine if a reserve is necessary. The Company's mortgage loan portfolio is considered a single portfolio segment and class of financing receivables, which is consistent with how the Company assesses and monitors the risk and performance of the portfolio. The allowance for losses on mortgage loans provides for the risk of credit loss inherent in the lending process. The allowance includes a portfolio reserve for probable losses incurred but not specifically identified and, as needed, specific reserves for impaired loans. The allowance for losses on mortgage loans is evaluated at each reporting period and adjustments are recorded when appropriate. To assist in its evaluation of the allowance for loan losses, the Company utilizes the following credit quality indicators to categorize its loans as lower, medium or higher risk:
Loans are specifically evaluated for impairment if the Company considers it probable that amounts due according to the terms of the loan agreement will not be collected, or the loan is modified in a troubled debt restructuring. The Company establishes specific reserves for these loans when the fair value is less than the carrying value. |
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Loans and Leases Receivable, Nonaccrual Loan and Lease Status, Policy | Non-performing loans, defined generally as those in default, close to being in default or more than 90 days past due, are placed on non-accrual status. |
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Derivatives, Offsetting Fair Value Amounts, Policy | The Company does not offset recognized collateral amounts pledged or received against the fair value amounts recognized for derivative contracts. |
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Derivatives, Policy | In the consolidated balance sheets, the Company recognizes cash collateral received in cash and cash equivalents, and the obligation to return cash collateral in other liabilities. Non-cash collateral received is not recognized in the consolidated balance sheets. In the event of default, the counterparty relinquishes claim to the assets pledged as collateral, and the Company recognizes the collateral as its own asset recorded at fair value, or, in the case of cash collateral, derecognizes its obligation to return collateral. |
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Fair Value of Financial Instruments, Policy | The Company determines the fair value of its financial instruments based on the fair value hierarchy, which favors the use of observable inputs over the use of unobservable inputs when measuring fair value. The Company has categorized its financial instruments into the three-level hierarchy, which gives the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The level assigned to a fair value measurement is based on the lowest-level input that is significant to the measurement. The fair value measurements for the Company's financial instruments are categorized as follows:
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Fair Value Transfer, Policy | Transfers into and/or out of Level 3 are reported at the value as of the beginning of the period in which the transfer occurs. |
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Segment Reporting, Policy | These operations are managed separately as three divisions, consisting of four business segments based on product groupings, and a fifth reportable segment consisting primarily of unallocated corporate items and surplus investment income. The five segments are Benefits, Deferred Annuities, Income Annuities, Individual Life and Other. |
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Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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- Definition
Disclosure of accounting policy for offsetting or not offsetting fair value amounts recognized for derivative instruments against such amounts recognized for the right to reclaim cash collateral (a receivable) or the obligation to return cash collateral (a payable) arising from derivative instruments recognized at fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for its derivative instruments and hedging activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for determining when transfers between levels are recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for investments in financial assets, including marketable securities (debt and equity securities with readily determinable fair values), investments accounted for under the equity method and cost method, securities borrowed and loaned, and repurchase and resale agreements. For marketable securities, the disclosure may include the entity's accounting treatment for transfers between investment categories and how the fair values for such securities are determined. Also, for all investments, an entity may describe its policy for assessing, recognizing and measuring impairment of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for estimating the allowance for losses on loans and lease receivables. The disclosure may include (a) how the entity determines each element of the allowance, (b) which loans are evaluated individually and which loans are evaluated as a group, (c) how the entity determines both the allocated and unallocated portions of the allowance, (d) how the entity determines the loss factors applied to graded loans in order to develop a general allowance, and (e) what self-correcting mechanism the entity uses to reduce differences between estimated and actual losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy for when a loan ceases to accrue interest or other revenue because the borrower is in financial difficulty. May also describe the treatment of previously earned but uncollected interest income on loans in nonaccrual status, how cash received from borrowers is recorded on loans that are in nonaccrual status, and the policy for resuming accrual of interest. Also includes the policy for charging off uncollectible loans and trade receivables, and the policy for determining past-due or delinquency status (i.e. whether past-due status is based on how recently payments have been received or on contractual terms). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition
Disclosure of accounting policy for reclassifications that affects the comparability of the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for segment reporting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables)
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Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Earnings Per Share, Basic And Diluted | The following table presents information relating to the Company's calculations of basic and diluted earnings per share:
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Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments (Tables)
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Sep. 30, 2015
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Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary Of Available-For-Sale Fixed Maturities And Marketable Equity Securities | The following tables summarize the Company's available-for-sale fixed maturities and marketable equity securities:
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Summary Of Gross Unrealized Losses And Fair Values Of Available-For-Sale Investments | The following tables summarize gross unrealized losses and fair values of the Company's available-for-sale investments. The tables are aggregated by investment category and present separately those securities that have been in a continuous unrealized loss position for less than twelve months and for twelve months or more.
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Summary Of Contractual Years To Maturity | The following table summarizes the amortized cost and fair value of fixed maturities as of September 30, 2015, by contractual years to maturity. Actual maturities may differ from contractual maturities because borrowers may have the right to call or prepay obligations with or without penalties.
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Summary Of Net Investment Income | The following table summarizes the Company's net investment income:
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Summary Of Net Realized Gains (Losses) | The following table summarizes the Company's net realized gains (losses):
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Schedule Of Severity And Duration Of Gross Unrealized Losses On Underwater Available-For-Sale Securities | The following table presents the severity and duration of the gross unrealized losses on the Company's underwater available-for-sale fixed maturities, after the recognition of OTTI:
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Schedule Of Changes In The Amount Of Credit-Related OTTI Recognized In Net Income | Changes in the amount of credit-related OTTI recognized in net income where the portion related to other factors was recognized in other comprehensive income (OCI) were as follows:
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Affordable Housing Tax Credit Investments [Table Text Block] | The following table sets forth the impact of affordable housing project investments on net income. These amounts do not include the impacts of the Company's holdings in other types of tax credit investments.
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- Definition
Disaggregation of impact to net income from affordable housing project investments. No definition available.
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- Definition
Tabular disclosure of the severity and duration of gross unrealized losses on underwater available for sale securities. No definition available.
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- Definition
Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Tabular disclosure of maturities of an entity's investments as well as any other information pertinent to the investments. No definition available.
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- Definition
Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Tabular disclosure of realized gains and losses on investments reported in the statement of income. No definition available.
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- Definition
Tabular disclosure of the reconciliation of available-for-sale securities from cost basis to fair value. No definition available.
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- Definition
For all investments in an unrealized loss position, including those for which other-than-temporary impairments have not been recognized in earnings (including investments for which a portion of an other-than-temporary impairment has been recognized in other comprehensive income), a tabular disclosure of the aggregate related fair value of investments with unrealized losses and the aggregate amount of unrealized losses (that is, the amount by which amortized cost basis exceeds fair value). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Mortgage Loans (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Mortgage Loans on Real Estate [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Mortgage Loans By Risk Category | The following table sets forth the Company's mortgage loans by risk category:
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X | ||||||||||
- Definition
Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Derivative Instruments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Position In Derivative Instruments | The following table sets forth the fair value of the Company's derivative instruments, including embedded derivatives that primarily relate to the Company's FIA products. In the consolidated balance sheets, derivative contracts in an asset position are included in other invested assets, derivative contracts in a liability position are included in other liabilities, and embedded derivative liabilities are included in funds held under deposit contracts.
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Schedule of Offsetting Assets |
(1) Amounts include financial instrument collateral of $1.9 posted by the Company to comply with regulatory requirements on certain centrally cleared instruments. The following tables present the potential effect of netting arrangements by counterparty on the Company's consolidated balance sheets:
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Schedule of Offsetting Liabilities |
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Schedule Of Gains (Losses) On Cash Flow Hedges | The following table presents the amount of gain (loss) recognized in OCI on derivatives qualifying and designated as cash flow hedges:
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Schedule Of Derivatives Not Designated as Hedges Gains (Losses) | The following table shows the effect of derivatives not designated as hedges in the consolidated statements of income, which is recorded in net realized gains (losses):
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of derivative and other financial assets that are subject to offsetting, including master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of derivative and other financial liabilities that are subject to offsetting, including master netting arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure for other derivative instruments not designated as hedging instruments of (a) the location and amount of gains and losses reported in the statement of financial performance and (b) the location and fair value amounts of the instruments reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value Of Financial Instruments (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Assets And Liabilities Accounted For At Fair Value | The following tables present the fair value of the Company's financial instruments classified by the valuation hierarchy described above. The financial instruments are separated between those measured at fair value on a recurring basis and those not carried at fair value, but for which disclosure of fair value is required.
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Schedule Of Additional Information About Composition Of Level 2 Corporate Securities | The following table presents additional information about the composition of the Level 2 corporate securities:
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Schedule Of Additional Information About Composition Of Level 2 Non-Agency RMBS Securities | The following table presents additional information about the composition of the Level 2 non-agency RMBS securities:
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Schedule Of Additional Information About Composition Of Level 2 CMBS Securities | The following table presents additional information about the composition of the underlying collateral of Level 2 non-agency CMBS securities:
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Schedule Of Additional Information About Level 3 Assets and Liabilities Measured At Fair Value On A Recurring Basis | The following table presents additional information about financial instruments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs (Level 3) to determine fair value for the three and nine months ended September 30, 2015:
The following table presents additional information about financial instruments measured at fair value on a recurring basis and for which the Company has utilized significant unobservable inputs (Level 3) to determine fair value for the three and nine months ended September 30, 2014:
|
X | ||||||||||
- Definition
Tabular disclosure of the fair value measurement of assets and liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings and gains or losses recognized in other comprehensive income (loss), and a description of where those gains or losses included in earnings are reported in the statement of income; (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs), by class of asset. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of additional information about the composition of underlying collateral of level 2 CMBS securities. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of additional information about the composition of level 2 corporate securities, including significant sectors, weighted-average coupon rate, and weighted-average remaining years to contractual maturity. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of additional information about composition of level 2 non-agency RMBS securities. No definition available.
|
X | ||||||||||
- Definition
Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Details
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Deferred Policy Acquisition Costs (DAC) and Deferred Sales Inducements (DSI) (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Deferred Policy Acquisition Cost Deferred Sales Inducement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Reconciliation For Deferred Policy Acquisition Costs | The following table provides a reconciliation of the beginning and ending balance for DAC:
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Schedule Of Reconciliation For Deferred Sales Inducements | The following table provides a reconciliation of the beginning and ending balance for DSI, which is included in receivables and other assets in the consolidated balance sheets. DSI amortization is included in interest credited in the consolidated statements of income.
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of the movement in deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Tabular disclosure of the change in deferred sales inducements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Components and Reclassifications Out Of AOCI | The following table summarizes the components of AOCI and the adjustments to OCI for amounts reclassified from AOCI into net income for the three and nine months ended September 30, 2015:
The following table summarizes the components of AOCI and the adjustments to OCI for amounts reclassified from AOCI into net income for the three and nine months ended September 30, 2014:
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Schedule Of Reconciliation Of Changes In Outstanding Shares Of Common Stock | The following table provides a reconciliation of changes in outstanding shares of common stock:
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X | ||||||||||
- Details
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X | ||||||||||
- Definition
Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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X | ||||||||||
- Definition
Tabular disclosure of the change in common stock outstanding. No definition available.
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Segment Information (Tables)
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2015
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule Of Financial Information By Segment And Reconciliation Of Segment Pre-Tax Adjusted Operating Income (Loss) | The following tables present selected financial information by segment and reconcile segment pre-tax adjusted operating income (loss) to amounts reported in the consolidated statements of income:
|
X | ||||||||||
- Definition
Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Description Of Business Description of Business (Details) (USD $)
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Sep. 30, 2015
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Aug. 11, 2015
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Dec. 31, 2014
|
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Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Common Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | |
Business Acquisition, Share Price | $ 32.00 |
X | ||||||||||
- Definition
Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination. No definition available.
|
X | ||||||||||
- Definition
Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Summary Of Significant Accounting Policies Effective income tax rate (Details)
|
9 Months Ended |
---|---|
Sep. 30, 2015
|
|
Accounting Policies [Abstract] | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Earnings Per Share (Details) (USD $)
In Millions, except Share data, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
Earnings Per Share Reconciliation [Abstract] | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 2,650,000 | 2,650,000 | 2,650,000 | 2,650,000 |
Numerator: | ||||
Net income | $ 19.6 | $ 36.0 | $ 89.6 | $ 186.8 |
Denominator: | ||||
Weighted-average common shares outstanding-basic (shares) | 116,144,672 | 115,904,205 | 116,057,903 | 116,436,077 |
Add: dilutive effect of certain equity instruments (shares) | 165,677 | 2,330 | 55,225 | 3,531 |
Weighted average common shares outstanding-diluted (shares) | 116,310,349 | 115,906,535 | 116,113,128 | 116,439,608 |
Basic (USD per share) | $ 0.17 | $ 0.31 | $ 0.77 | $ 1.60 |
Diluted (USD per share) | $ 0.17 | $ 0.31 | $ 0.77 | $ 1.60 |
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The sum of dilutive potential common shares or units used in the calculation of the diluted per-share or per-unit computation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of investments in qualified affordable housing projects. No definition available.
|
X | ||||||||||
- Definition
Investments in limited partnership interests include tax credit investments and investments in private equity funds. The tax credit investments are accounted for under the equity method and recorded at amortized cost. The private equity fund investments are recorded at fair value. No definition available.
|
X | ||||||||||
- Definition
The percentage of below-investment grade fixed maturities at fair value, based on National Association of Insurance Commissioners ratings. No definition available.
|
X | ||||||||||
- Definition
Based on the unrealized loss relative to amortized cost, the threshold percentage used to determine whether a security has a significant risk of impairment. No definition available.
|
X | ||||||||||
- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in equity securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in equity securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in equity securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the cost of equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments for other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. No definition available.
|
X | ||||||||||
- Definition
Amount of investment in debt and equity securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of unrealized gain in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt and equity securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the cost of debt and equity securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale that have been in a continuous loss position for twelve months or longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of accumulated unrealized loss on investments in debt and equity securities classified as available-for-sale that have been in a continuous loss position for less than twelve months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for less than twelve months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the aggregate fair value of investments in debt and equity securities categorized neither as held-to-maturity nor trading securities that have been in a continuous unrealized loss position for twelve months or longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of investment positions in available-for-sale investments that have been in a continuous unrealized loss position for greater than or equal to a year for which an other-than-temporary impairment (OTTI) has not been recognized in the income statement. No definition available.
|
X | ||||||||||
- Definition
Number of investment positions in available-for-sale investments in a continuous unrealized loss position for less than one year or normal operating cycle, if longer, for which an other-than-temporary impairment (OTTI) has not been recognized in the income statement. No definition available.
|
X | ||||||||||
- Definition
This item represents the cost of debt securities, which are categorized neither as held-to-maturity nor trading, net of adjustments including accretion, amortization, collection of cash, previous other-than-temporary impairments recognized in earnings (less any cumulative-effect adjustments recognized, as defined), and fair value hedge accounting adjustments, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after adjustments of available-for-sale debt securities at cost, maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of available-for-sale debt securities maturing in the sixth fiscal year through the tenth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after adjustments of available-for-sale debt securities at cost, maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of available-for-sale debt securities maturing in the second fiscal year through the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after adjustments of available-for-sale debt securities at cost, maturing after the tenth fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of available-for-sale debt securities maturing after the tenth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount after adjustments of available-for-sale debt securities at cost, maturing in the next fiscal year following the latest fiscal year. Adjustments include, but are not limited to, accretion, amortization, collection of cash, previous other-than-temporary impairments (OTTI) recognized in earnings less cumulative-effect adjustments, and fair value hedge accounting adjustments. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of available-for-sale debt securities maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments (Summary Of Net Investment Income) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||
Investment [Line Items] | ||||||||||
Net gains (losses) on changes in fair value on investments held for which the fair value option was elected | $ (5.6) | $ (4.5) | $ (13.1) | $ (4.8) | ||||||
Total investment income | 349.3 | 326.6 | 1,021.2 | 986.8 | ||||||
Investment expenses | (9.4) | (8.1) | (26.9) | (24.9) | ||||||
Net investment income | 339.9 | 318.5 | 994.3 | 961.9 | ||||||
Fixed Maturities [Member]
|
||||||||||
Investment [Line Items] | ||||||||||
Total investment income | 297.9 | 278.8 | 861.2 | 837.8 | ||||||
Marketable equity securities [Member]
|
||||||||||
Investment [Line Items] | ||||||||||
Total investment income | 4.3 | 3.9 | 13.1 | 12.9 | ||||||
Mortgage Loans [Member]
|
||||||||||
Investment [Line Items] | ||||||||||
Total investment income | 62.6 | 54.5 | 181.1 | 156.1 | ||||||
Policy Loans [Member]
|
||||||||||
Investment [Line Items] | ||||||||||
Total investment income | 0.9 | 0.9 | 2.5 | 2.6 | ||||||
Investments In Limited Partnerships [Member]
|
||||||||||
Investment [Line Items] | ||||||||||
Total investment income | (17.3) | [1] | (12.6) | [1] | (40.0) | [1] | (25.9) | [1] | ||
Other Investments [Member]
|
||||||||||
Investment [Line Items] | ||||||||||
Total investment income | $ 0.9 | $ 1.1 | $ 3.3 | $ 3.3 | ||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The portion (amount) of gains and losses recognized in earnings during the period and attributable to alternative investments continued to be held at period end. These gains or losses are attributable to certain investments for which net asset value per share is calculated for purposes of measuring fair value and which are subject to unobservable inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, before investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of expenses related to the generation of investment income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments (Summary Of Net Realized Gains (Losses)) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||||||||
Investment [Line Items] | ||||||||||||||||
Net impairment losses recognized in earnings | $ (11.7) | $ (1.6) | $ (22.3) | $ (4.1) | ||||||||||||
Net realized gains (losses) | (56.4) | (14.8) | (91.2) | 31.2 | ||||||||||||
Other | (10.1) | [1] | 6.6 | [1] | (8.5) | [1] | 5.7 | [1] | ||||||||
Deferred policy acquisition costs and deferred sales inducement adjustment | 5.7 | (2.9) | 6.0 | (2.7) | ||||||||||||
Fixed Maturities [Member]
|
||||||||||||||||
Investment [Line Items] | ||||||||||||||||
Gross gains on sales | 2.2 | 1.5 | 10.1 | 21.0 | ||||||||||||
Gross losses on sales | (3.5) | (3.3) | (18.2) | (5.7) | ||||||||||||
Net impairment losses recognized in earnings | (11.7) | (1.6) | (22.3) | (4.1) | ||||||||||||
Other | (5.0) | [2] | 1.4 | [2] | (7.5) | [2] | (1.0) | [2] | ||||||||
Net realized gains (losses) | (18.0) | (2.0) | (37.9) | 10.2 | ||||||||||||
Marketable Equity Securities, Trading [Member]
|
||||||||||||||||
Investment [Line Items] | ||||||||||||||||
Gain (loss) on changes in fair value of trading securities | (24.1) | (16.3) | (36.6) | 19.4 | ||||||||||||
Investments In Limited Partnerships [Member]
|
||||||||||||||||
Investment [Line Items] | ||||||||||||||||
Net realized gains (losses) | (11.2) | [3] | (4.5) | [3] | (23.8) | [3] | (11.3) | [3] | ||||||||
Alternative Investments [Member]
|
||||||||||||||||
Investment [Line Items] | ||||||||||||||||
Impairments | 0 | (3.9) | ||||||||||||||
Marketable Equity Securities, Trading [Member] | Equity Securities [Member]
|
||||||||||||||||
Investment [Line Items] | ||||||||||||||||
Net realized gains (losses) | $ (22.8) | [4] | $ (12.0) | [4] | $ (27.0) | [4] | $ 29.3 | [4] | ||||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Represents other net gains (losses), which includes calls and redemptions, and changes in fair value of the entity's convertible fixed maturities held as of period end. No definition available.
|
X | ||||||||||
- Definition
The adjustment to the entity's net realized investment gains (losses) for deferred policy acquisition costs and deferred sales inducements. No definition available.
|
X | ||||||||||
- Definition
Amount of impairment on investment in a limited partnership. No definition available.
|
X | ||||||||||
- Definition
This item represents the net realized gains (losses) on other investments. No definition available.
|
X | ||||||||||
- Definition
This item represents the gross profit realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the gross loss realized on the sale of debt or equity securities categorized neither as held-to-maturity nor trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The amount of other than temporary impairment losses on investments in debt and equity securities categorized as Available-for-sale which have been recognized in earnings during the period. Such impairment losses consist of other than temporary impairments (OTTI) on equity securities, credit losses on investments in debt securities, and when the entity intends to sell an impaired debt security or it is more likely than not that the entity will be required to sell the impaired debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of unrealized holding gain (loss) recognized in the income statement for investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Available-for-sale securities in an unrealized loss position, number of securities No definition available.
|
X | ||||||||||
- Definition
Amount before tax of unrealized loss in accumulated other comprehensive income (AOCI) on investments in debt securities classified as available-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Investments (Schedule Of Changes In The Amount Of Credit-Related OTTI Recognized In Net Income) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||
Other than Temporary Impairment, Credit Losses Recognized in Earnings [Roll Forward] | ||||||||||
Balance, beginning of period | $ 17.7 | $ 22.2 | $ 20.1 | $ 23.1 | ||||||
Increases recognized in the current period: | ||||||||||
For which an OTTI was not previously recognized | 2.3 | 0.1 | 3.2 | 0.1 | ||||||
For which an OTTI was previously recognized | 2.0 | 0.2 | 3.7 | 1.5 | ||||||
Decreases attributable to: | ||||||||||
Securities sold or paid down during the period | (1.7) | (0.7) | (6.7) | (2.7) | ||||||
Previously recognized credit losses on securities impaired during the period due to a change in intent to sell | (1.1) | [1] | 0 | [1] | (1.1) | [1] | (0.2) | [1] | ||
Balance, end of period | $ 19.2 | $ 21.8 | $ 19.2 | $ 21.8 | ||||||
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which a previous OTTI was recognized and the investor does not intend to sell the debt security and it is not more likely than not that the investor will be required to sell the debt security before recovery of its amortized cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents an increase to the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security held for which no such other than temporary impairment (OTTI) was previously recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cumulative amount of credit losses recognized in earnings related to debt securities held for which a portion of an other than temporary impairment (OTTI) was recognized in other comprehensive income (a component of shareholders' equity). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents reductions in the amount of cumulative losses recognized in earnings for other than temporary impairments (OTTI) for which a portion of the impairment had been recognized in other comprehensive income (a component of shareholders' equity) due to a change in status of the impaired security because of a change in the entity's intent to either sell the impaired security or it has become more likely than not that the entity will be required to sell the security before recovery of its cost basis. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents reductions in the cumulative amount of credit losses recognized in earnings for an other than temporary impairment (OTTI) of a debt security because of the sale of impaired securities during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Investments (Impact of tax credit investments on income) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
Investments [Abstract] | ||||
Amortization | $ (10.6) | $ (7.6) | $ (24.5) | $ (19.7) |
Realized losses | (8.8) | (2.9) | (13.4) | (5.2) |
Tax benefit from amortization and realized losses | 6.8 | 3.7 | 13.3 | 8.7 |
Tax credits | 17.0 | 12.8 | 39.6 | 36.6 |
Impact to net income | $ 4.4 | $ 6.0 | $ 15.0 | $ 20.4 |
X | ||||||||||
- Definition
Affordable housing tax benefits from amortization and realized losses No definition available.
|
X | ||||||||||
- Definition
Amount of write-down of an investment in a qualified affordable housing project. No definition available.
|
X | ||||||||||
- Definition
Affordable Housing Projects Impact To Net Income No definition available.
|
X | ||||||||||
- Definition
Amount of affordable housing tax credits recognized. No definition available.
|
X | ||||||||||
- Definition
Amount of amortization of investments in qualified affordable housing projects. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
The number of days after which the entity considers a loan nonperforming and places it on nonaccrual status. No definition available.
|
X | ||||||||||
- Definition
The debt service coverage ratio represents the amount of rental income a property is generating to the amount of mortgage payments due on the property and is used by the entity as an indicator of credit quality. Loan products with high debt service coverage ratio are generally considered higher quality. No definition available.
|
X | ||||||||||
- Definition
Loan-to-value represents the ratio of appraised value of the collateralized assets to the outstanding loan balance borrowed by the debtor and is used by the entity as an indicator of credit quality. Loan products with low loan-to-value ratio are generally considered higher quality. No definition available.
|
X | ||||||||||
- Definition
The amount of any write-down or reserves provided in the period on mortgage loans collectively evaluated for impairment. No definition available.
|
X | ||||||||||
- Definition
The amount of any write-down or reserves provided in the period on mortgage loans specifically evaluated for impairment. No definition available.
|
X | ||||||||||
- Definition
The number of loans that are nonperforming during the period. No definition available.
|
X | ||||||||||
- Definition
The percentage of the entity's mortgage loan portfolio by geographic region. No definition available.
|
X | ||||||||||
- Definition
Amount of loans and leases that have been written off from both loan receivables and allowance reserve for credit loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of allowance to cover probable credit losses on loans and leases. Includes carryover of or adjustments to the allowance for loan losses in connection with business combinations. Excludes allowance for loans and leases covered under loss sharing agreements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Reflects the carrying amount of loans deemed to be questionable as to collection on which no interest is continuing to be recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Mortgage Loans (Mortgage Loans By Risk Category) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
||||||
---|---|---|---|---|---|---|---|---|
Mortgage Loans on Real Estate [Line Items] | ||||||||
Other, Carrying Value | $ (4.1) | [1] | $ (4.4) | [1] | ||||
Total, Carrying Value | 4,581.0 | 4,130.1 | ||||||
Financing Receivable, Allowance for Credit Losses, Individually Evaluated for Impairment | 0.2 | 0.2 | ||||||
Risk Level Low [Member]
|
||||||||
Mortgage Loans on Real Estate [Line Items] | ||||||||
Carrying Value | 2,938.0 | 2,567.0 | ||||||
% of Total | 64.10% | 62.10% | ||||||
Risk Level Medium [Member]
|
||||||||
Mortgage Loans on Real Estate [Line Items] | ||||||||
Carrying Value | 1,055.6 | 994.2 | ||||||
% of Total | 23.00% | 24.10% | ||||||
Risk Level High [Member]
|
||||||||
Mortgage Loans on Real Estate [Line Items] | ||||||||
Carrying Value | 590.6 | 571.3 | ||||||
% of Total | 12.90% | 13.80% | ||||||
Credit Quality Indicator Total [Member]
|
||||||||
Mortgage Loans on Real Estate [Line Items] | ||||||||
Carrying Value | 4,584.2 | 4,132.5 | ||||||
% of Total | 100.00% | 100.00% | ||||||
Loans Evaluated For Impairment [Member]
|
||||||||
Mortgage Loans on Real Estate [Line Items] | ||||||||
Carrying Value | $ 0.9 | [2] | $ 2.0 | [2] | ||||
|
X | ||||||||||
- Definition
Represents the sum of the allowance for loan losses offset by deferred fees and costs for mortgage loans on real estate. No definition available.
|
X | ||||||||||
- Definition
The amount of the entity's mortgage loan portfolio within a specified risk category represented as a percentage of total loans subject to credit quality indicators. No definition available.
|
X | ||||||||||
- Definition
Amount of valuation allowance for financing receivables that are expected to be uncollectible that were individually evaluated for impairment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The carrying amount of the outstanding balance due under the mortgage loan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments (Narrative) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
Reclassification of Cash Flow Hedge Gain (Loss) [Abstract] | ||||
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months | $ 8.8 | |||
Maximum length of time hedged in cash flow hedge | 15 years | |||
Gain (loss) from ineffective portion of cash flow hedge | $ 0 | $ 0 | $ 0 | $ 0 |
X | ||||||||||
- Definition
The estimated net amount of existing gains or losses on cash flow hedges at the reporting date expected to be reclassified to earnings within the next 12 months. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The net gain (loss) recognized in earnings during the reporting period representing the amount of the cash flow hedges' ineffectiveness. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Maximum length of time over which the entity is hedging its exposure to the variability in future cash flows for forecasted transactions, excluding those forecasted transactions related to the payment of variable interest on existing financial instruments, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments (Schedule Of Position In Derivative Instruments) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Derivative Fair Value Net [Abstract] | ||
Notional Amount | $ 4,490.0 | $ 2,896.6 |
Fair Value, Assets | 99.3 | 91.6 |
Fair Value, Liabilities | 321.4 | 240.8 |
Derivatives designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 932.3 | 797.1 |
Fair Value, Assets | 57.2 | 20.3 |
Fair Value, Liabilities | 0.7 | 10.2 |
Derivatives not designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 3,557.7 | 2,099.5 |
Fair Value, Assets | 42.1 | 71.3 |
Fair Value, Liabilities | 320.7 | 230.6 |
Interest rate swaps [Member] | Derivatives designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 252.5 | 158.5 |
Fair Value, Assets | 9.9 | 5.4 |
Fair Value, Liabilities | 0 | 0 |
Interest rate swaps [Member] | Derivatives not designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 195.6 | 0 |
Fair Value, Assets | 4.0 | 0 |
Fair Value, Liabilities | 0 | 0 |
Foreign currency swaps [Member] | Derivatives designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 679.8 | 638.6 |
Fair Value, Assets | 47.3 | 14.9 |
Fair Value, Liabilities | 0.7 | 10.2 |
Equity index options [Member] | Derivatives not designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 3,337.7 | 2,055.9 |
Fair Value, Assets | 38.0 | 71.0 |
Fair Value, Liabilities | 0 | 0.1 |
Foreign currency forwards [Member] | Derivatives not designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 10.2 | 18.3 |
Fair Value, Assets | 0.1 | 0.1 |
Fair Value, Liabilities | 0 | 0 |
Embedded derivatives [Member] | Derivatives not designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 0 | 0 |
Fair Value, Assets | 0 | 0 |
Fair Value, Liabilities | 320.2 | 230.1 |
Other derivatives [Member] | Derivatives not designated as hedges [Member]
|
||
Derivative Fair Value Net [Abstract] | ||
Notional Amount | 14.2 | 25.3 |
Fair Value, Assets | 0 | 0.2 |
Fair Value, Liabilities | $ 0.5 | $ 0.4 |
X | ||||||||||
- Definition
Aggregate notional amount specified by the derivative(s). Expressed as an absolute value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments (Schedule Of Offsetting Assets) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
||||||
---|---|---|---|---|---|---|---|---|
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | $ 99.3 | $ 91.6 | ||||||
Financial Instruments | 9.5 | 1.9 | ||||||
Cash Collateral | (80.2) | (83.5) | ||||||
Net Amount | 28.6 | 10.0 | ||||||
Counterparty A [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 10.5 | 12.0 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | (10.1) | (12.0) | ||||||
Net Amount | 0.4 | 0 | ||||||
Counterparty B [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 26.3 | 20.2 | ||||||
Financial Instruments | 9.5 | [1] | 1.9 | [2] | ||||
Cash Collateral | (22.6) | (13.9) | ||||||
Net Amount | 13.2 | 8.2 | ||||||
Counterparty C [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 11.6 | 12.0 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | (11.2) | (12.0) | ||||||
Net Amount | 0.4 | 0 | ||||||
Counterparty D [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 7.1 | 14.9 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | (7.1) | (14.9) | ||||||
Net Amount | 0 | 0 | ||||||
Counterparty F [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 15.0 | 24.0 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | (10.5) | (24.0) | ||||||
Net Amount | 4.5 | 0 | ||||||
Other Counterparty [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 28.8 | 8.5 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | (18.7) | (6.7) | ||||||
Net Amount | 10.1 | 1.8 | ||||||
Exchange Cleared [Member]
|
||||||||
Offsetting Assets [Line Items] | ||||||||
Financial Instruments | $ 9.5 | $ 1.9 | ||||||
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of obligation to return cash collateral under master netting arrangements that have not been offset against derivative assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of obligation to return securities collateral under master netting arrangements that have not been offset against derivative assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after effects of master netting arrangements, of financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset offset against an obligation to return collateral. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments (Schedule Of Offsetting Liabilities) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
||||||
---|---|---|---|---|---|---|---|---|
Offsetting Liabilities [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | $ 1.2 | [1] | $ 10.7 | [2] | ||||
Financial Instruments | 0 | [1] | 0 | [2] | ||||
Cash Collateral | (0.2) | [1] | (0.1) | [2] | ||||
Net Amount | 1.0 | [1] | 10.6 | [2] | ||||
Fair Value, Liabilities | 321.4 | 240.8 | ||||||
Counterparty A [Member]
|
||||||||
Offsetting Liabilities [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 0.1 | 1.2 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | 0 | 0 | ||||||
Net Amount | 0.1 | 1.2 | ||||||
Counterparty B [Member]
|
||||||||
Offsetting Liabilities [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 0.3 | 6.7 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | (0.2) | (0.1) | ||||||
Net Amount | 0.1 | 6.6 | ||||||
Counterparty E [Member]
|
||||||||
Offsetting Liabilities [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 0.2 | 2.4 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | 0 | 0 | ||||||
Net Amount | 0.2 | 2.4 | ||||||
Other Counterparty [Member]
|
||||||||
Offsetting Liabilities [Line Items] | ||||||||
Fair Value Presented in the Balance Sheets | 0.6 | 0.4 | ||||||
Financial Instruments | 0 | 0 | ||||||
Cash Collateral | 0 | 0 | ||||||
Net Amount | 0.6 | 0.4 | ||||||
Derivatives not designated as hedges [Member]
|
||||||||
Offsetting Liabilities [Line Items] | ||||||||
Fair Value, Liabilities | 320.7 | 230.6 | ||||||
Derivatives not designated as hedges [Member] | Embedded derivatives [Member]
|
||||||||
Offsetting Liabilities [Line Items] | ||||||||
Fair Value, Liabilities | $ 320.2 | $ 230.1 | ||||||
|
X | ||||||||||
- Definition
Amount of right to receive cash collateral under master netting arrangements that have not been offset against derivative liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of right to receive securities collateral under master netting arrangements that have not been offset against derivative liabilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after effects of master netting arrangements, of financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset offset against the right to receive collateral. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Derivative Instruments (Schedule Of Gains Losses On Cash Flow Hedges) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in OCI | $ 43.1 | $ 25.3 | $ 53.4 | $ 15.5 |
Interest rate swaps [Member]
|
||||
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in OCI | 6.2 | (0.5) | 7.5 | 1.5 |
Foreign currency swaps [Member]
|
||||
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in OCI | $ 36.9 | $ 25.8 | $ 45.9 | $ 14.0 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount before tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Instruments (Schedule Of Derivatives Not Designated as Hedges Gains Losses) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in Income | $ (10.9) | $ 6.7 | $ (12.8) | $ 3.3 |
Equity index options [Member]
|
||||
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in Income | (44.8) | 2.5 | (43.1) | 17.6 |
Foreign currency forwards [Member]
|
||||
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in Income | 0 | 0.4 | 0.2 | 0.3 |
Embedded derivatives [Member]
|
||||
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in Income | 30.7 | 2.3 | 28.1 | (16.4) |
Other derivatives [Member]
|
||||
Derivatives Fair Value [Line Items] | ||||
Gain (Loss) Recognized in Income | $ 3.2 | $ 1.5 | $ 2.0 | $ 1.8 |
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Represents the amount of non-agency Level 2 residential mortgage backed securities that were originated in 2004 or prior (vintage of 2004 or prior). No definition available.
|
X | ||||||||||
- Definition
This represents the percentage of Level 2 corporate fixed maturities that are privately placed securities. No definition available.
|
X | ||||||||||
- Definition
This represents the percentage of fixed maturites for which fair value is determined by third-party pricing services. No definition available.
|
X | ||||||||||
- Definition
This represents the portion of Level 2 RMBS that are agency securities, as a percentage. No definition available.
|
X | ||||||||||
- Definition
This represents the portion of Level 2 CMBS that are non-agency securities, as a percentage. No definition available.
|
X | ||||||||||
- Definition
Represents the percentage of non-agency Level 2 commercial mortgage backed securities that are in the most senior tranche. No definition available.
|
X | ||||||||||
- Definition
Represents the percentage of non-agency Level 2 residential mortgage backed securities that were originated in 2004 or prior (vintage of 2004 or prior). No definition available.
|
X | ||||||||||
- Definition
This represents the percentage of privately placed securities that are classified as level 2. No definition available.
|
X | ||||||||||
- Definition
This represents the percentage of the fixed maturity portfolio that are invested in private placement securities. No definition available.
|
X | ||||||||||
- Definition
The range (in basis points) of the illiquidity adjustment used to value Level 2 privately placed corporate securities, based on illiquidity spreads observed in transactions involving similar securities. No definition available.
|
X | ||||||||||
- Definition
The weighted average coupon rate of the entity's fixed maturity securities. No definition available.
|
X | ||||||||||
- Definition
Represents the weighted-average percentage of the outstanding capital structure that is subordinate in the priority of cash flows and absorbs losses first. No definition available.
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value Of Financial Instruments (Financial Assets and Liabilities Accounted At Fair Value On Recurring Basis) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
Sep. 30, 2014
|
Dec. 31, 2013
|
||||||
---|---|---|---|---|---|---|---|---|---|---|
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | $ 26,786.7 | $ 25,379.4 | ||||||||
Marketable equity securities, available-for-sale | 86.7 | 120.5 | ||||||||
Marketable equity securities, trading | 525.0 | 532.0 | ||||||||
Investments in Limited Partnerships | 264.4 | 309.9 | ||||||||
Fair Value, Assets | 99.3 | 91.6 | ||||||||
Total other invested assets | 105.8 | 100.5 | ||||||||
Total investments carried at fair value | 32,409.2 | 30,634.3 | ||||||||
Separate account assets | 885.9 | 949.8 | ||||||||
Mortgage loans, net | 4,581.0 | 4,130.1 | ||||||||
Cash and cash equivalents | 182.7 | 158.8 | 109.2 | 76.0 | ||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 28,744.4 | 26,602.6 | ||||||||
Notes payable | 697.5 | 697.2 | ||||||||
Liabilities related to insurance contracts and embedded derivatives excluded from fair value | 6,631.3 | 6,388.7 | ||||||||
U.S. Government and Agencies [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 543.1 | 409.9 | ||||||||
State And Political Subdivisions [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 874.8 | 829.2 | ||||||||
Corporate Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 20,268.6 | 19,192.5 | ||||||||
Residential Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 2,753.2 | 2,921.4 | ||||||||
Commercial Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 1,223.5 | 1,333.9 | ||||||||
Collateralized Loan Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 519.6 | |||||||||
Other Debt Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 603.9 | 692.5 | ||||||||
Tax Credit Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 212.9 | 238.4 | ||||||||
Level 1 [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Marketable equity securities, available-for-sale | 53.8 | 62.8 | ||||||||
Marketable equity securities, trading | 524.8 | 531.6 | ||||||||
Other | 0.6 | 0.6 | ||||||||
Total other invested assets | 0.6 | 0.6 | ||||||||
Total investments carried at fair value | 579.2 | 595.0 | ||||||||
Separate account assets | 885.9 | 949.8 | ||||||||
Total assets at fair value | 1,465.1 | 1,544.8 | ||||||||
Mortgage loans, net | 0 | 0 | ||||||||
Cash and cash equivalents | 182.7 | 158.8 | ||||||||
Financial Liabilities [Abstract] | ||||||||||
Embedded derivatives | 0 | 0 | ||||||||
Total liabilities at fair value | 0 | 0 | ||||||||
Level 1 [Member] | U.S. Government and Agencies [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 1 [Member] | State And Political Subdivisions [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 1 [Member] | Corporate Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 1 [Member] | Residential Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 1 [Member] | Commercial Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 1 [Member] | Collateralized Loan Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | |||||||||
Level 1 [Member] | Other Debt Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 1 [Member] | Alternative Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 0 | 0 | ||||||||
Level 1 [Member] | Equity index options [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Fair Value, Assets | 0 | 0 | ||||||||
Level 1 [Member] | Currency Swap [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Foreign currency swaps | 0 | 0 | ||||||||
Level 1 [Member] | Tax Credit Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 0 | 0 | ||||||||
Level 1 [Member] | Deferred Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 0 | [1] | 0 | [2] | ||||||
Level 1 [Member] | Income Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 0 | [1] | 0 | [2] | ||||||
Level 1 [Member] | Capital Efficient Notes Due2067 [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 0 | 0 | ||||||||
Level 1 [Member] | Senior Notes [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 0 | 0 | ||||||||
Level 2 [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 26,461.4 | 25,233.6 | ||||||||
Marketable equity securities, available-for-sale | 27.0 | 57.7 | ||||||||
Marketable equity securities, trading | 0 | 0 | ||||||||
Other | 61.2 | 20.7 | ||||||||
Total other invested assets | 95.6 | 89.3 | ||||||||
Total investments carried at fair value | 26,604.6 | 25,380.6 | ||||||||
Separate account assets | 0 | 0 | ||||||||
Total assets at fair value | 26,604.6 | 25,380.6 | ||||||||
Mortgage loans, net | 0 | 0 | ||||||||
Cash and cash equivalents | 0 | 0 | ||||||||
Financial Liabilities [Abstract] | ||||||||||
Embedded derivatives | 0 | 0 | ||||||||
Total liabilities at fair value | 0.6 | 10.2 | ||||||||
Level 2 [Member] | U.S. Government and Agencies [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 543.1 | 409.9 | ||||||||
Level 2 [Member] | State And Political Subdivisions [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 874.8 | 829.2 | ||||||||
Level 2 [Member] | Corporate Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 20,089.8 | 19,120.9 | ||||||||
Level 2 [Member] | Residential Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 2,753.2 | 2,921.4 | ||||||||
Level 2 [Member] | Commercial Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 1,222.2 | 1,331.4 | ||||||||
Level 2 [Member] | Collateralized Loan Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 418.2 | |||||||||
Level 2 [Member] | Other Debt Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 560.1 | 620.8 | ||||||||
Level 2 [Member] | Alternative Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 20.6 | 0 | ||||||||
Level 2 [Member] | Equity index options [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Fair Value, Assets | 34.4 | 68.6 | ||||||||
Level 2 [Member] | Currency Swap [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Foreign currency swaps | 0.6 | 10.2 | ||||||||
Level 2 [Member] | Tax Credit Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 200.9 | 226.6 | ||||||||
Level 2 [Member] | Deferred Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 0 | [1] | 0 | [2] | ||||||
Level 2 [Member] | Income Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 0 | [1] | 0 | [2] | ||||||
Level 2 [Member] | Capital Efficient Notes Due2067 [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 153.4 | 155.6 | ||||||||
Level 2 [Member] | Senior Notes [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 560.5 | 569.6 | ||||||||
Level 3 [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 325.3 | 145.8 | ||||||||
Marketable equity securities, available-for-sale | 5.9 | 0 | ||||||||
Marketable equity securities, trading | 0.2 | 0.4 | ||||||||
Other | 1.6 | 3.5 | ||||||||
Total other invested assets | 5.2 | 5.9 | ||||||||
Total investments carried at fair value | 367.5 | 223.6 | ||||||||
Separate account assets | 0 | 0 | ||||||||
Total assets at fair value | 367.5 | 223.6 | ||||||||
Mortgage loans, net | 4,816.0 | 4,375.8 | ||||||||
Cash and cash equivalents | 0 | 0 | ||||||||
Financial Liabilities [Abstract] | ||||||||||
Embedded derivatives | 320.2 | 230.1 | ||||||||
Total liabilities at fair value | 320.2 | 230.1 | ||||||||
Level 3 [Member] | U.S. Government and Agencies [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 3 [Member] | State And Political Subdivisions [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 3 [Member] | Corporate Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 178.8 | 71.6 | ||||||||
Level 3 [Member] | Residential Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 0 | 0 | ||||||||
Level 3 [Member] | Commercial Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 1.3 | 2.5 | ||||||||
Level 3 [Member] | Collateralized Loan Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 101.4 | |||||||||
Level 3 [Member] | Other Debt Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 43.8 | 71.7 | ||||||||
Level 3 [Member] | Alternative Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 30.9 | 71.5 | ||||||||
Level 3 [Member] | Equity index options [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Fair Value, Assets | 3.6 | 2.4 | ||||||||
Level 3 [Member] | Currency Swap [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Foreign currency swaps | 0 | 0 | ||||||||
Level 3 [Member] | Tax Credit Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 0 | 0 | ||||||||
Level 3 [Member] | Deferred Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 15,899.6 | [1] | 14,004.2 | [2] | ||||||
Level 3 [Member] | Income Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 7,899.0 | [1] | 8,452.5 | [2] | ||||||
Level 3 [Member] | Capital Efficient Notes Due2067 [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 0 | 0 | ||||||||
Level 3 [Member] | Senior Notes [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 0 | 0 | ||||||||
Carrying Amount [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 26,786.7 | 25,379.4 | ||||||||
Marketable equity securities, available-for-sale | 86.7 | 120.5 | ||||||||
Marketable equity securities, trading | 525.0 | 532.0 | ||||||||
Other | 63.4 | 24.8 | ||||||||
Total other invested assets | 101.4 | 95.8 | ||||||||
Total investments carried at fair value | 27,551.3 | 26,199.2 | ||||||||
Separate account assets | 885.9 | 949.8 | ||||||||
Total assets at fair value | 28,437.2 | 27,149.0 | ||||||||
Mortgage loans, net | 4,581.0 | 4,130.1 | ||||||||
Cash and cash equivalents | 182.7 | 158.8 | ||||||||
Financial Liabilities [Abstract] | ||||||||||
Embedded derivatives | 320.2 | 230.1 | ||||||||
Total liabilities at fair value | 320.8 | 240.3 | ||||||||
Carrying Amount [Member] | U.S. Government and Agencies [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 543.1 | 409.9 | ||||||||
Carrying Amount [Member] | State And Political Subdivisions [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 874.8 | 829.2 | ||||||||
Carrying Amount [Member] | Corporate Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 20,268.6 | 19,192.5 | ||||||||
Carrying Amount [Member] | Residential Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 2,753.2 | 2,921.4 | ||||||||
Carrying Amount [Member] | Commercial Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 1,223.5 | 1,333.9 | ||||||||
Carrying Amount [Member] | Collateralized Loan Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 519.6 | |||||||||
Carrying Amount [Member] | Other Debt Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 603.9 | 692.5 | ||||||||
Carrying Amount [Member] | Alternative Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 51.5 | 71.5 | ||||||||
Carrying Amount [Member] | Equity index options [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Fair Value, Assets | 38.0 | 71.0 | ||||||||
Carrying Amount [Member] | Currency Swap [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Foreign currency swaps | 0.6 | 10.2 | ||||||||
Carrying Amount [Member] | Deferred Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 15,617.2 | [1] | 13,686.8 | [2] | ||||||
Carrying Amount [Member] | Income Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 6,495.9 | [1] | 6,527.1 | [2] | ||||||
Carrying Amount [Member] | Capital Efficient Notes Due2067 [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 149.9 | 149.9 | ||||||||
Carrying Amount [Member] | Senior Notes [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 547.6 | 547.3 | ||||||||
Fair Value [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 26,786.7 | 25,379.4 | ||||||||
Marketable equity securities, available-for-sale | 86.7 | 120.5 | ||||||||
Marketable equity securities, trading | 525.0 | 532.0 | ||||||||
Other | 63.4 | 24.8 | ||||||||
Total other invested assets | 101.4 | 95.8 | ||||||||
Total investments carried at fair value | 27,551.3 | 26,199.2 | ||||||||
Separate account assets | 885.9 | 949.8 | ||||||||
Total assets at fair value | 28,437.2 | 27,149.0 | ||||||||
Mortgage loans, net | 4,816.0 | 4,375.8 | ||||||||
Cash and cash equivalents | 182.7 | 158.8 | ||||||||
Financial Liabilities [Abstract] | ||||||||||
Embedded derivatives | 320.2 | 230.1 | ||||||||
Total liabilities at fair value | 320.8 | 240.3 | ||||||||
Fair Value [Member] | U.S. Government and Agencies [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 543.1 | 409.9 | ||||||||
Fair Value [Member] | State And Political Subdivisions [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 874.8 | 829.2 | ||||||||
Fair Value [Member] | Corporate Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 20,268.6 | 19,192.5 | ||||||||
Fair Value [Member] | Residential Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 2,753.2 | 2,921.4 | ||||||||
Fair Value [Member] | Commercial Mortgage-Backed Securities [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 1,223.5 | 1,333.9 | ||||||||
Fair Value [Member] | Collateralized Loan Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 519.6 | |||||||||
Fair Value [Member] | Other Debt Obligations [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Total fixed maturities | 603.9 | 692.5 | ||||||||
Fair Value [Member] | Alternative Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 51.5 | 71.5 | ||||||||
Fair Value [Member] | Equity index options [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Fair Value, Assets | 38.0 | 71.0 | ||||||||
Fair Value [Member] | Currency Swap [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Foreign currency swaps | 0.6 | 10.2 | ||||||||
Fair Value [Member] | Tax Credit Investments [Member]
|
||||||||||
Financial Assets [Abstract] | ||||||||||
Investments in Limited Partnerships | 200.9 | 226.6 | ||||||||
Fair Value [Member] | Deferred Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 15,899.6 | [1] | 14,004.2 | [2] | ||||||
Fair Value [Member] | Income Annuities [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Funds held under deposit contracts | 7,899.0 | [1] | 8,452.5 | [2] | ||||||
Fair Value [Member] | Capital Efficient Notes Due2067 [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | 153.4 | 155.6 | ||||||||
Fair Value [Member] | Senior Notes [Member]
|
||||||||||
Financial Liabilities [Abstract] | ||||||||||
Notes payable | $ 560.5 | $ 569.6 | ||||||||
|
X | ||||||||||
- Definition
Investments in limited partnership interests include tax credit investments and investments in private equity funds. The tax credit investments are accounted for under the equity method and recorded at amortized cost. The private equity fund investments are recorded at fair value. No definition available.
|
X | ||||||||||
- Definition
The amount of liabilities related to insurance contracts and embedded derivatives that are excluded from the entity's estimate of the fair values of funds held under deposit contracts related to investment-type contracts. No definition available.
|
X | ||||||||||
- Definition
Other invested assets not separately presented for disclosure. No definition available.
|
X | ||||||||||
- Definition
This element represents the aggregate of the assets reported on the balance sheet at period end measured at fair value on a recurring basis by the entity. This element is intended to be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. No definition available.
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of equity securities categorized neither as held-to-maturity nor as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value as of the balance sheet date of the embedded derivative or group of embedded derivatives classified as a liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Fair value portion of liability contracts related to the exchange of different currencies, including, but not limited to, foreign currency options, forward (delivery or nondelivery) contracts, and swaps entered into. No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Aggregation of the liabilities reported on the balance sheet measured at fair value on a recurring basis by the entity. No definition available.
|
X | ||||||||||
- Definition
The balance represents the amount of loans that are secured by real estate mortgages, offset by the reserve to cover probable credit losses on the loan portfolio. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Other investments not otherwise specified in the taxonomy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The liability as of the balance sheet date to the policyholders for deposits held under the terms of insurance contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The fair value of the assets held by the Entity for the benefit of separate account policyholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of investments in trading equity securities and other forms of trading securities that provide ownership interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The number of Level 2 corporate securities possessing certain characteristics. The characteristics are defined in the dimensions associated with this element. No definition available.
|
X | ||||||||||
- Definition
The weighted average remaining years to contractual maturity for the entity's corporate securities classified as level 2. No definition available.
|
X | ||||||||||
- Definition
Level 2 corporate securities possessing certain characteristics as a percentage of the Level 2 corporate security portfolio. No definition available.
|
X | ||||||||||
- Definition
The weighted average coupon rate of the entity's fixed maturity securities. No definition available.
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Fair Value Of Financial Instruments (Additional Information About Composition Of Level 2 Non-Agency RMBS Securities ) (Details) (USD $)
In Millions, unless otherwise specified |
Sep. 30, 2015
|
Dec. 31, 2014
|
---|---|---|
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | $ 26,786.7 | $ 25,379.4 |
Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | 26,461.4 | 25,233.6 |
Level 2 [Member] | Non-agency RMBS With Super Senior Subordination [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | 242.1 | 240.4 |
% of Total | 71.60% | 67.90% |
Residential Mortgage-Backed Securities [Member] | Non Agency Securities [Member] | Level 2 [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | 338.1 | 353.8 |
% of Total | 100.00% | 100.00% |
Residential Mortgage-Backed Securities [Member] | Non Agency Securities [Member] | Level 2 [Member] | Standard & Poor's, AAA Rating [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | 175.3 | 159.6 |
% of Total | 51.80% | 45.10% |
Residential Mortgage-Backed Securities [Member] | Non Agency Securities [Member] | Level 2 [Member] | Standard Poors Aa Through Bbb Rating [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | 47.6 | 56.1 |
% of Total | 14.10% | 15.90% |
Residential Mortgage-Backed Securities [Member] | Non Agency Securities [Member] | Level 2 [Member] | Standard Poors Bb And Below Rating [Member]
|
||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ||
Total fixed maturities | $ 115.2 | $ 138.1 |
% of Total | 34.10% | 39.00% |
X | ||||||||||
- Definition
The amount of non-agency residential mortgage backed securities represented as a percentage of the total non-agency RMBS portfolio. No definition available.
|
X | ||||||||||
- Definition
Amount of debt securities categorized neither as held-to-maturity nor trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This represents the percentage of underlying collateral for Level 2 non-agency commercial mortgage backed securities with certain characteristics. No definition available.
|
X | ||||||||||
- Details
|
Fair Value Of Financial Instruments (Additional Information About Level 3 Assets and Liabilities Measured At Fair Value On A Recurring Basis) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | $ 393.2 | $ 324.8 | $ 223.6 | $ 253.7 | ||||||||||||||||
Purchases and issues | 225.3 | [1] | 72.8 | [1] | 273.0 | [1] | 86.1 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | (0.1) | [1] | (0.3) | [1] | (0.1) | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | (229.8) | [2] | (113.6) | [3] | (89.2) | [2] | (54.4) | [3] | ||||||||||||
Other | (10.8) | [4] | 3.0 | [4] | (17.8) | [4] | (5.2) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (6.0) | [5] | (5.1) | [6] | (9.3) | [5] | (4.9) | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | (4.6) | 4.5 | (8.4) | 10.9 | ||||||||||||||||
Realized Gains (Losses) | 0.2 | [5] | (0.6) | [6] | (4.1) | [5] | (0.4) | [6] | ||||||||||||
Ending Balance | 367.5 | 285.7 | 367.5 | 285.7 | ||||||||||||||||
Gross transfers into Level 3 | 0.5 | 25.8 | 6.1 | 66.4 | ||||||||||||||||
Gross transfers out of Level 3 | 230.3 | 139.4 | 95.3 | 120.8 | ||||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Beginning Balance | 296.3 | 157.9 | 230.1 | 92.1 | ||||||||||||||||
Purchases and issues | 56.7 | [1] | 28.2 | [1] | 123.0 | [1] | 75.5 | [1] | ||||||||||||
Sales and settlements | (2.1) | [1] | (0.3) | [1] | (4.8) | [1] | (0.5) | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 0 | [3] | 0 | [2] | 0 | [3] | ||||||||||||
Other | 0 | [4] | 0 | [4] | 0 | [4] | 0 | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (30.7) | [5] | (2.3) | [6] | (28.1) | [5] | 16.4 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Ending Balance | 320.2 | 183.5 | 320.2 | 183.5 | ||||||||||||||||
U.S. Government and Agencies [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 17.4 | |||||||||||||||||||
Purchases and issues | 0 | [1] | ||||||||||||||||||
Sales and settlements | 0 | [1] | ||||||||||||||||||
Transfers In and/or (Out) of Level 3 | (17.4) | [2] | ||||||||||||||||||
Other | 0 | [4] | ||||||||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [6] | ||||||||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | |||||||||||||||||||
Realized Gains (Losses) | 0 | [6] | ||||||||||||||||||
Ending Balance | 0 | 0 | ||||||||||||||||||
Corporate Securities [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 141.1 | 157.3 | 71.6 | 28.0 | ||||||||||||||||
Purchases and issues | 119.8 | [1] | 46.0 | [1] | 162.8 | [1] | 46.0 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | (70.0) | [2] | (89.1) | [3] | (41.4) | [2] | 39.0 | [3] | ||||||||||||
Other | (7.4) | [4] | 3.8 | [4] | (7.1) | [4] | 0.6 | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | (4.9) | 5.0 | (7.3) | 9.4 | ||||||||||||||||
Realized Gains (Losses) | 0.2 | [5] | 0 | [6] | 0.2 | [5] | 0 | [6] | ||||||||||||
Ending Balance | 178.8 | 123.0 | 178.8 | 123.0 | ||||||||||||||||
Residential Mortgage-Backed Securities [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 50.5 | 0.2 | ||||||||||||||||||
Purchases and issues | 0 | [1] | 0 | [1] | ||||||||||||||||
Sales and settlements | (0.1) | [1] | (0.1) | [1] | ||||||||||||||||
Transfers In and/or (Out) of Level 3 | (50.3) | [3] | 0 | [3] | ||||||||||||||||
Other | (0.1) | [4] | (0.2) | [4] | ||||||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [6] | 0 | [6] | ||||||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0.1 | ||||||||||||||||||
Realized Gains (Losses) | 0 | [6] | 0 | [6] | ||||||||||||||||
Ending Balance | 0 | 0 | ||||||||||||||||||
Commercial Mortgage-Backed Securities [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 2.1 | 4.8 | 2.5 | 5.8 | ||||||||||||||||
Purchases and issues | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | (0.5) | [2] | 0 | [3] | (0.8) | [2] | 0 | [3] | ||||||||||||
Other | (0.3) | [4] | (0.2) | [4] | (0.4) | [4] | (1.2) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Ending Balance | 1.3 | 4.6 | 1.3 | 4.6 | ||||||||||||||||
Collateralized Loan Obligations [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 159.8 | 0 | ||||||||||||||||||
Purchases and issues | 101.4 | [1] | 101.4 | [1] | ||||||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | ||||||||||||||||
Transfers In and/or (Out) of Level 3 | (159.8) | [2] | 0 | [2] | ||||||||||||||||
Other | 0 | [4] | 0 | [4] | ||||||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0 | [5] | ||||||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | ||||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [5] | ||||||||||||||||
Ending Balance | 101.4 | 101.4 | ||||||||||||||||||
Other Debt Obligations [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 45.7 | 63.8 | 71.7 | 128.8 | ||||||||||||||||
Purchases and issues | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 25.8 | [3] | (24.5) | [2] | (39.3) | [3] | ||||||||||||
Other | (2.2) | [4] | (0.3) | [4] | (2.4) | [4] | (2.1) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0.3 | (0.5) | (1.0) | 1.4 | ||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Ending Balance | 43.8 | 88.8 | 43.8 | 88.8 | ||||||||||||||||
Fixed Maturities [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 348.7 | 276.4 | 145.8 | 180.2 | ||||||||||||||||
Purchases and issues | 221.2 | [1] | 46.0 | [1] | 264.2 | [1] | 46.0 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | (0.1) | [1] | 0 | [1] | (0.1) | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | (230.3) | [2] | (113.6) | [3] | (66.7) | [2] | (17.7) | [3] | ||||||||||||
Other | (9.9) | [4] | 3.2 | [4] | (9.9) | [4] | (2.9) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | (4.6) | 4.5 | (8.3) | 10.9 | ||||||||||||||||
Realized Gains (Losses) | 0.2 | [5] | 0 | [6] | 0.2 | [5] | 0 | [6] | ||||||||||||
Ending Balance | 325.3 | 216.4 | 325.3 | 216.4 | ||||||||||||||||
Gross transfers out of Level 3 | 230.3 | 139.4 | 66.7 | 84.1 | ||||||||||||||||
Alternative Investments [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 34.1 | 42.0 | 71.5 | 31.2 | ||||||||||||||||
Purchases and issues | 0.7 | [1] | 25.8 | [1] | 2.5 | [1] | 37.7 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 0 | [3] | (28.5) | [2] | 0 | [3] | ||||||||||||
Other | (0.6) | [4] | 0 | [4] | (2.5) | [4] | (0.9) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (3.9) | [5] | (4.3) | [6] | (9.6) | [5] | (4.7) | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | 0.6 | [5] | (0.2) | [6] | (2.5) | [5] | 0 | [6] | ||||||||||||
Ending Balance | 30.9 | 63.3 | 30.9 | 63.3 | ||||||||||||||||
Equity index options [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 2.7 | 2.6 | 2.4 | 38.8 | ||||||||||||||||
Purchases and issues | 2.7 | [1] | 0.7 | [1] | 4.4 | [1] | 1.0 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 0 | [2] | 0 | [2] | (36.7) | [2] | ||||||||||||
Other | 0 | [4] | (0.1) | [4] | 0 | [4] | (0.4) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (1.6) | [5] | (0.9) | [6] | (2.8) | [5] | (0.5) | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | (0.2) | [5] | (0.2) | [6] | (0.4) | [5] | (0.1) | [6] | ||||||||||||
Ending Balance | 3.6 | 2.1 | 3.6 | 2.1 | ||||||||||||||||
Other Invested Assets [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 1.6 | 3.5 | 3.5 | 3.2 | ||||||||||||||||
Purchases and issues | 0.7 | [1] | 0.3 | [1] | 1.9 | [1] | 1.4 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 0 | [2] | 0 | [2] | 0 | [2] | ||||||||||||
Other | (0.3) | [4] | (0.1) | [4] | (5.4) | [4] | (1.0) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0.1 | [6] | 3.1 | [5] | 0.3 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | (0.4) | [5] | (0.2) | [6] | (1.5) | [5] | (0.3) | [6] | ||||||||||||
Ending Balance | 1.6 | 3.6 | 1.6 | 3.6 | ||||||||||||||||
Other Investments [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 4.3 | 6.1 | 5.9 | 42.0 | ||||||||||||||||
Purchases and issues | 3.4 | [1] | 1.0 | [1] | 6.3 | [1] | 2.4 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 0 | [3] | 0 | [2] | (36.7) | [3] | ||||||||||||
Other | (0.3) | [4] | (0.2) | [4] | (5.4) | [4] | (1.4) | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (1.6) | [5] | (0.8) | [6] | 0.3 | [5] | (0.2) | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | (0.6) | [5] | (0.4) | [6] | (1.9) | [5] | (0.4) | [6] | ||||||||||||
Ending Balance | 5.2 | 5.7 | 5.2 | 5.7 | ||||||||||||||||
Embedded derivatives [Member]
|
||||||||||||||||||||
Financial Liabilities: | ||||||||||||||||||||
Beginning Balance | 296.3 | 157.9 | 230.1 | 92.1 | ||||||||||||||||
Purchases and issues | 56.7 | [1] | 28.2 | [1] | 123.0 | [1] | 75.5 | [1] | ||||||||||||
Sales and settlements | (2.1) | [1] | (0.3) | [1] | (4.8) | [1] | (0.5) | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 0 | [3] | 0 | [2] | 0 | [3] | ||||||||||||
Other | 0 | [4] | 0 | [4] | 0 | [4] | 0 | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (30.7) | [5] | (2.3) | [6] | (28.1) | [5] | 16.4 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Ending Balance | 320.2 | 183.5 | 320.2 | 183.5 | ||||||||||||||||
Available-for-sale Securities [Member] | Equity Securities [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 5.9 | 0 | ||||||||||||||||||
Purchases and issues | 0 | [1] | 0 | [1] | ||||||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | ||||||||||||||||
Transfers In and/or (Out) of Level 3 | 0 | [2] | 6.0 | [2] | ||||||||||||||||
Other | 0 | [4] | 0 | [4] | ||||||||||||||||
Unrealized Gains (Losses) Included in, Net Income | 0 | [5] | 0 | [5] | ||||||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | (0.1) | ||||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [5] | ||||||||||||||||
Ending Balance | 5.9 | 5.9 | ||||||||||||||||||
Marketable Equity Securities, Trading [Member] | Equity Securities [Member]
|
||||||||||||||||||||
Financial Assets: | ||||||||||||||||||||
Beginning Balance | 0.2 | 0.3 | 0.4 | 0.3 | ||||||||||||||||
Purchases and issues | 0 | [1] | 0 | [1] | 0 | [1] | 0 | [1] | ||||||||||||
Sales and settlements | 0 | [1] | 0 | [1] | (0.3) | [1] | 0 | [1] | ||||||||||||
Transfers In and/or (Out) of Level 3 | 0.5 | [2] | 0 | [3] | 0 | [2] | 0 | [3] | ||||||||||||
Other | 0 | [4] | 0 | [4] | 0 | [4] | 0 | [4] | ||||||||||||
Unrealized Gains (Losses) Included in, Net Income | (0.5) | [5] | 0 | [6] | 0 | [5] | 0 | [6] | ||||||||||||
Unrealized Gains (Losses) Included in, Other Comprehensive Income (Loss) | 0 | 0 | 0 | 0 | ||||||||||||||||
Realized Gains (Losses) | 0 | [5] | 0 | [6] | 0.1 | [5] | 0 | [6] | ||||||||||||
Ending Balance | $ 0.2 | $ 0.3 | $ 0.2 | $ 0.3 | ||||||||||||||||
|
X | ||||||||||
- Definition
This item is comprised of transactions, such as pay downs, calls, amortization and redemptions, related to assets measured at fair value and categorized as Level 3 for the period. No definition available.
|
X | ||||||||||
- Definition
This item represents the amount of the total realized gains or losses for the period which are included in the statement of income, related to assets measured at fair value and categorized as Level 3 for the period. No definition available.
|
X | ||||||||||
- Definition
This item is comprised of transactions, such as pay downs, calls, amortization and redemptions, related to liabilities measured at fair value and categorized as Level 3 for the period. No definition available.
|
X | ||||||||||
- Definition
This item represents the amount of the total realized gains or losses for the period which are included in the statement of income, related to liabilities measured at fair value and categorized as Level 3 for the period. No definition available.
|
X | ||||||||||
- Definition
Purchases and issues that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. No definition available.
|
X | ||||||||||
- Definition
Sales and settlements that have taken place during the period in relation to assets measured at fair value and categorized within Level 3 of the fair value hierarchy. No definition available.
|
X | ||||||||||
- Definition
Purchases and issues that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. No definition available.
|
X | ||||||||||
- Definition
Sales and settlements that have taken place during the period in relation to liabilities measured at fair value and categorized within Level 3 of the fair value hierarchy. No definition available.
|
X | ||||||||||
- Definition
Amount of unrealized (holding) gain (loss) which is included in the statement of income (or changes in net assets) related to those assets still held at the reporting date for which fair value is measured on a recurring basis using significant unobservable inputs (Level 3). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of transfer of financial instrument classified as an asset into level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of transfer of financial instrument classified as an asset into (out of) level 3 of the fair value hierarchy. No definition available.
|
X | ||||||||||
- Definition
Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized on the income statement for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of gain (loss) recognized in other comprehensive income (loss) for financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of transfers of financial instrument classified as a liability into (out of) level 3 of the fair value hierarchy. No definition available.
|
X | ||||||||||
- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Deferred Policy Acquisition Costs (DAC) and Deferred Sales Inducements (DSI) (Schedule Of Reconciliation For Deferred Policy Acquisition Costs) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Dec. 31, 2014
|
|||||||
Movement Analysis of Deferred Policy Acquisition Costs [Roll Forward] | |||||||||||
Unamortized balance at beginning of period | $ 572.2 | $ 464.2 | $ 513.9 | $ 419.9 | |||||||
Deferral of acquisition costs | 69.8 | 43.5 | 172.6 | 124.2 | |||||||
Adjustments for realized (gains) losses | 5.3 | (3.0) | 5.1 | (2.9) | |||||||
Amortization - excluding unlocking | (20.6) | (16.3) | (62.1) | (47.7) | |||||||
Amortization — impact of assumption and experience unlocking | 1.2 | [1] | (1.3) | [1] | (1.6) | [1] | (6.4) | [1] | |||
Unamortized balance at end of period | 627.9 | 487.1 | 627.9 | 487.1 | |||||||
Accumulated effect of net unrealized gains | (75.9) | (122.2) | (75.9) | (122.2) | |||||||
Balance at end of period | $ 552.0 | $ 364.9 | $ 552.0 | $ 364.9 | $ 395.1 | ||||||
|
X | ||||||||||
- Definition
The adjustment to the unamortized balance of deferred policy acquisition costs related to the accumulated effect of net investment gains or losses on available-for-sale securities. No definition available.
|
X | ||||||||||
- Definition
The amount of adjustment to amortization of deferred policy acquisition costs arising from a revision in estimated gross profit (when such amount serves as the basis for allocating amortization of DAC to reporting periods). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of amortization of deferred policy acquisition costs due to realized investment gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of other increase (decrease) to amortization expense of deferred policy acquisition cost (DAC). No definition available.
|
X | ||||||||||
- Definition
Net amount of deferred policy acquisition costs capitalized on contracts remaining in force as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Total amount of policy acquisition costs capitalized during the income statement period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Carrying (unamortized) amount as of the balance sheet date of deferred policy acquisition costs and value of business acquired (also called present value of future profits). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Deferred Policy Acquisition Costs (DAC) and Deferred Sales Inducements (DSI) (Schedule Of Reconciliation For Deferred Sales Inducements) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||
Movement in Deferred Sales Inducements [Roll Forward] | ||||||||||
Unamortized balance at beginning of period | $ 126.3 | $ 146.5 | $ 136.7 | $ 154.8 | ||||||
Capitalizations | 5.1 | 7.2 | 16.9 | 24.4 | ||||||
Adjustments for realized (gains) losses | 0.3 | 0.2 | 0.8 | 0.3 | ||||||
Amortization — excluding unlocking | (10.5) | (10.0) | (31.5) | (31.1) | ||||||
Amortization — impact of assumption and experience unlocking | 1.2 | [1] | 0.1 | [1] | (0.5) | [1] | (4.4) | [1] | ||
Unamortized balance at end of period | 122.4 | 144.0 | 122.4 | 144.0 | ||||||
Accumulated effect of net unrealized gains | (54.9) | (85.4) | (54.9) | (85.4) | ||||||
Balance at end of period | $ 67.5 | $ 58.6 | $ 67.5 | $ 58.6 | ||||||
|
X | ||||||||||
- Definition
Net amount of deferred sales inducements capitalized on contracts remaining in force as of the balance sheet date. This amount consists of capitalized incremental interest provided to certain contract holders and is presented net of the effect of accumulated unrealized gains and losses. No definition available.
|
X | ||||||||||
- Definition
The adjustment to the unamortized balance of deferred sales inducements related to the accumulated effect of net investment gains or losses on available-for-sale securities. No definition available.
|
X | ||||||||||
- Definition
The amount of adjustment to amortization of deferred sales inducement costs arising from a revision in estimated gross profit (when such amount serves as the basis for allocating amortization of DSI to reporting periods). No definition available.
|
X | ||||||||||
- Definition
Amount of deferred sales inducement costs charged to expense in the period, generally in proportion to related revenue earned, estimated gross profits (excluding amounts related to revisions of estimated gross profits), or over the customer relationship or some other period. No definition available.
|
X | ||||||||||
- Definition
The amount of deferred sales inducement costs capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of any adjustments, including write-offs and the effect of dispositions and internal replacements of contracts, that increases or decreases the gross carrying amount of deferred sales inducements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The unamortized carrying amount of deferred sales inducement costs as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
Stockholders' Equity (Schedule Of Components and Reclassifications Out Of AOCI) (Details) (USD $)
In Millions, unless otherwise specified |
3 Months Ended | 9 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
|||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ||||||||||||||
Beginning Balance | $ 990.6 | |||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | (339.9) | (318.5) | (994.3) | (961.9) | ||||||||||
Net realized (gains) losses | 56.4 | 14.8 | 91.2 | (31.2) | ||||||||||
Total provision (benefit) for income taxes | (17.9) | 1.3 | (27.3) | 27.8 | ||||||||||
Other comprehensive income (loss) | 4.8 | (79.5) | (234.1) | 317.5 | ||||||||||
Ending Balance | 756.5 | 756.5 | ||||||||||||
Other comprehensive income (loss) before reclassifications, available-for-sale securities, tax | (19.4) | (69.9) | (175.9) | 182.2 | ||||||||||
Other comprehensive income (loss) before reclassifications, OTTI on fixed maturities, tax | (2.5) | 0 | (3.3) | 0 | ||||||||||
Other comprehensive income (loss) before reclassifications, adjustment for DAC and DSI, tax | 5.5 | 14.8 | 25.1 | (13.9) | ||||||||||
Other comprehensive income (loss) before reclassifications, net gains (losses) on cash flow hedges, tax | 15.1 | 8.9 | 18.6 | 5.4 | ||||||||||
Other comprehensive income (loss) before reclassifications, AOCI, tax | (1.3) | (46.2) | (135.5) | 173.7 | ||||||||||
Net unrealized gains (losses) on available-for-sale securities [Member]
|
||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ||||||||||||||
Beginning Balance | 851.5 | 1,194.0 | 1,130.2 | 737.8 | ||||||||||
Other comprehensive income (loss) before reclassifications, net of taxes | (36.0) | [1] | (130.2) | [2] | (326.6) | [1] | 338.3 | [2] | ||||||
Reclassifications recorded in: | ||||||||||||||
Net realized (gains) losses | 16.4 | 8.2 | 34.7 | (10.5) | ||||||||||
Total provision (benefit) for income taxes | (5.8) | (2.7) | (12.2) | 3.7 | ||||||||||
Total reclassifications from AOCI, net of taxes | 10.6 | 5.5 | 22.5 | (6.8) | ||||||||||
Other comprehensive income (loss) | (25.4) | (124.7) | (304.1) | 331.5 | ||||||||||
Ending Balance | 826.1 | 1,069.3 | 826.1 | 1,069.3 | ||||||||||
Net unrealized gains (losses) on available-for-sale securities [Member] | Interest rate swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | 0 | 0 | 0 | 0 | ||||||||||
Net unrealized gains (losses) on available-for-sale securities [Member] | Foreign currency swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | 0 | 0 | 0 | 0 | ||||||||||
OTTI on fixed maturities not related to credit losses [Member]
|
||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ||||||||||||||
Beginning Balance | (13.7) | [3] | (13.2) | [3] | (13.5) | [3] | (14.2) | [3] | ||||||
Other comprehensive income (loss) before reclassifications, net of taxes | (4.7) | [1],[3] | 0 | [2],[3] | (6.1) | [1],[3] | 0 | [2],[3] | ||||||
Reclassifications recorded in: | ||||||||||||||
Net realized (gains) losses | 2.8 | [3] | 0.5 | [3] | 4.6 | [3] | 2.1 | [3] | ||||||
Total provision (benefit) for income taxes | (1.0) | [3] | (0.1) | [3] | (1.6) | [3] | (0.7) | [3] | ||||||
Total reclassifications from AOCI, net of taxes | 1.8 | [3] | 0.4 | [3] | 3.0 | [3] | 1.4 | [3] | ||||||
Other comprehensive income (loss) | (2.9) | [3] | 0.4 | [3] | (3.1) | [3] | 1.4 | [3] | ||||||
Ending Balance | (16.6) | [3] | (12.8) | [3] | (16.6) | [3] | (12.8) | [3] | ||||||
OTTI on fixed maturities not related to credit losses [Member] | Interest rate swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | ||||||
OTTI on fixed maturities not related to credit losses [Member] | Foreign currency swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | 0 | [3] | 0 | [3] | 0 | [3] | 0 | [3] | ||||||
Adjustment for DAC and DSI [Member]
|
||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ||||||||||||||
Beginning Balance | (95.4) | (166.6) | (131.4) | (113.1) | ||||||||||
Other comprehensive income (loss) before reclassifications, net of taxes | 10.4 | [1] | 27.5 | [2] | 46.6 | [1] | (25.9) | [2] | ||||||
Reclassifications recorded in: | ||||||||||||||
Net realized (gains) losses | (5.7) | 2.9 | (6.0) | 2.7 | ||||||||||
Total provision (benefit) for income taxes | 2.0 | (1.0) | 2.1 | (0.9) | ||||||||||
Total reclassifications from AOCI, net of taxes | (3.7) | 1.9 | (3.9) | 1.8 | ||||||||||
Other comprehensive income (loss) | 6.7 | 29.4 | 42.7 | (24.1) | ||||||||||
Ending Balance | (88.7) | (137.2) | (88.7) | (137.2) | ||||||||||
Adjustment for DAC and DSI [Member] | Interest rate swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | 0 | 0 | 0 | 0 | ||||||||||
Adjustment for DAC and DSI [Member] | Foreign currency swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | 0 | 0 | 0 | 0 | ||||||||||
Net gains (losses) on cash flow hedges [Member]
|
||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ||||||||||||||
Beginning Balance | 9.3 | (23.6) | 5.3 | (16.9) | ||||||||||
Other comprehensive income (loss) before reclassifications, net of taxes | 28.0 | [1] | 16.4 | [2] | 34.8 | [1] | 10.1 | [2] | ||||||
Reclassifications recorded in: | ||||||||||||||
Net realized (gains) losses | 0 | 0 | 0 | 0 | ||||||||||
Total provision (benefit) for income taxes | 1.0 | 0.6 | 2.3 | 0.7 | ||||||||||
Total reclassifications from AOCI, net of taxes | (1.6) | (1.0) | (4.4) | (1.4) | ||||||||||
Other comprehensive income (loss) | 26.4 | 15.4 | 30.4 | 8.7 | ||||||||||
Ending Balance | 35.7 | (8.2) | 35.7 | (8.2) | ||||||||||
Net gains (losses) on cash flow hedges [Member] | Interest rate swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | (1.1) | (0.6) | (2.8) | (1.7) | ||||||||||
Net gains (losses) on cash flow hedges [Member] | Foreign currency swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | (1.5) | (1.0) | (3.9) | (0.4) | ||||||||||
Accumulated Other Comprehensive Income [Member]
|
||||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward] | ||||||||||||||
Beginning Balance | 751.7 | 990.6 | 990.6 | 593.6 | ||||||||||
Other comprehensive income (loss) before reclassifications, net of taxes | (2.3) | [1] | (86.3) | [2] | (251.3) | [1] | 322.5 | [2] | ||||||
Reclassifications recorded in: | ||||||||||||||
Net realized (gains) losses | 13.5 | 11.6 | 33.3 | (5.7) | ||||||||||
Total provision (benefit) for income taxes | (3.8) | (3.2) | (9.4) | 2.8 | ||||||||||
Total reclassifications from AOCI, net of taxes | 7.1 | 6.8 | 17.2 | (5.0) | ||||||||||
Other comprehensive income (loss) | 4.8 | (79.5) | (234.1) | 317.5 | ||||||||||
Ending Balance | 756.5 | 911.1 | 756.5 | 911.1 | ||||||||||
Accumulated Other Comprehensive Income [Member] | Interest rate swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | (1.1) | (0.6) | (2.8) | (1.7) | ||||||||||
Accumulated Other Comprehensive Income [Member] | Foreign currency swaps [Member]
|
||||||||||||||
Reclassifications recorded in: | ||||||||||||||
Net investment income | $ (1.5) | $ (1.0) | $ (3.9) | $ (0.4) | ||||||||||
|
X | ||||||||||
- Definition
Amount of tax expense (benefit) before reclassification adjustments of accumulated other comprehensive income (loss), recognized in other comprehensive income (loss) during the period. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Amount of tax expense (benefit) before reclassification adjustments of the adjustments for deferred policy acquisition costs and deferred sales inducements, recognized in other comprehensive income (loss) during the period. No definition available.
|
X | ||||||||||
- Definition
Amount of tax expense (benefit) before reclassification adjustments of other-than-temporary impairments on investments in available-for-sale debt securities, recognized in other comprehensive income (loss) during the period. No definition available.
|
X | ||||||||||
- Definition
Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This item represents the net total realized and unrealized gain (loss) included in earnings for the period as a result of selling or holding marketable securities categorized as trading, available-for-sale, or held-to-maturity, including the unrealized holding gain (loss) of held-to-maturity securities transferred to the trading security category and the cumulative unrealized gain (loss) which was included in other comprehensive income (a separate component of shareholders' equity) for available-for-sale securities transferred to trading securities during the period. Additionally, this item would include any gains (losses) realized during the period from the sale of investments accounted for under the cost method of accounting and losses recognized for other than temporary impairments (OTTI) of the subject investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of tax expense (benefit) before reclassification adjustments of unrealized holding gain (loss) on available-for-sale securities and unrealized holding gain (loss) related to transfers of securities into the available-for-sale category and out of the held-to-maturity category. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax, before reclassification adjustments of other comprehensive income (loss). No definition available.
|
X | ||||||||||
- Definition
Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount after tax of reclassification adjustments of other comprehensive income (loss). No definition available.
|
X | ||||||||||
- Details
|
Stockholders' Equity (Schedule Of Reconciliation Of Changes In Outstanding Shares Of Common Stock) (Details)
|
9 Months Ended | 12 Months Ended | ||||
---|---|---|---|---|---|---|
Sep. 30, 2015
|
Dec. 31, 2014
|
|||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | ||||||
Beginning Balance | 115,797,451 | 117,730,757 | ||||
Common stock issued | 624 | 1,790 | ||||
Restricted stock issued, net | 268,555 | 195,346 | ||||
Employee stock purchase plan shares issued | 88,112 | 110,287 | ||||
Common stock repurchased | (340) | [1] | (2,240,729) | [1] | ||
Ending Balance | 116,154,402 | 115,797,451 | ||||
|
X | ||||||||||
- Definition
Number of shares that have been repurchased during the period. No definition available.
|
X | ||||||||||
- Definition
Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Number of shares issued during the period as a result of an employee stock purchase plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Number of shares of stock issued during the period that is attributable to transactions involving issuance of stock not separately disclosed. No definition available.
|
X | ||||||||||
- Definition
Number of shares issued during the period related to Restricted Stock Awards, net of any shares forfeited. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Segment Information (Narrative) (Details)
|
9 Months Ended |
---|---|
Sep. 30, 2015
segment
division
|
|
Segment Reporting [Abstract] | |
Number Of Divisions | 3 |
Number of reportable segments | 5 |
X | ||||||||||
- Definition
Represents the number of divisions of the entity. No definition available.
|
X | ||||||||||
- Definition
Number of segments reported by the entity. A reportable segment is a component of an entity for which there is an accounting requirement to report separate financial information on that component in the entity's financial statements. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Certain net realized and unrealized gains (losses) included in the entity's segment measure of profitability. No definition available.
|
X | ||||||||||
- Definition
Net realized and unrealized gains excluded from the entity's segment measure of profitability. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
This includes costs incurred during the period associated with normal operations, such as those relating to general administration and those not deferred as related to the acquisition or renewal of insurance contracts. No definition available.
|
X | ||||||||||
- Definition
Represents the entity's measure of segment profit or loss for the period, before income taxes, which excludes certain net realized gains (losses). No definition available.
|
X | ||||||||||
- Definition
Segment Reporting Operating Revenues No definition available.
|
X | ||||||||||
- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The total amount of expense recognized during the period for future policy benefits, claims and claims adjustment costs, and for selling, general and administrative costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of expense related to deferred policy acquisition costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Income from agency and brokerage operations (includes sales of annuities and supplemental contracts); service charges, commissions, and fees from the sale of insurance and related services; and management fees from separate accounts, deferred annuities, and universal life products. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest allocated to policyholders holding contracts under which the insurer must provide a guaranteed yield. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, after investment expense, of income earned from investments in securities and real estate. Includes, but is not limited to, real estate investment, policy loans, dividends, and interest. Excludes realized gain (loss) on investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, after effects of policies assumed or ceded, of expense related to the provision for policy benefits and costs incurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount, after premiums ceded to other entities and premiums assumed by the entity, of premiums earned. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Subsequent Event (Details) (USD $)
|
3 Months Ended | 9 Months Ended | 0 Months Ended | 9 Months Ended | ||
---|---|---|---|---|---|---|
Sep. 30, 2015
|
Sep. 30, 2014
|
Sep. 30, 2015
|
Sep. 30, 2014
|
Nov. 05, 2015
Subsequent Event [Member]
|
Sep. 30, 2015
Senior Notes Due2016 [Member]
|
|
Subsequent Event [Line Items] | ||||||
Debt Instrument, Unused Borrowing Capacity, Amount | $ 300.0 | $ 300.0 | ||||
Proceeds from Notes Payable | 300.0 | |||||
Dividends Payable, Nature | $ 0.61 | $ 0.10 | $ 0.83 | $ 0.30 | $ 0.11 | |
Dividends, Common Stock, Cash | $ 97,200,000 | $ 35,000,000 | $ 12,800,000 |
X | ||||||||||
- Definition
Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Amount of paid and unpaid common stock dividends declared with the form of settlement in cash. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
The cash inflow from a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|