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Policyholder Contract Liabilities (Tables)

6 Months Ended

Jun. 30, 2020

Insurance [Abstract]

Schedule of Liability for Future Policy Benefits, by Product Segment

Policyholder Contract Liabilities at June 30, 2020 and December 31, 2019 were as follows:

(Dollars in Millions)		Jun 30, 2020				Dec 31, 2019
FHLB Funding Agreements		$	454.3			$	243.4
Other		66.0				66.4
Total		$	520.3			$	309.8

Schedule of Federal Home Loan Bank, Advances, by Branch of FHLB Bank

United Insurance’s liability under the funding agreements with the FHLB of Chicago, the amount of collateral pledged under such agreements and FHLB of Chicago common stock owned by United Insurance at June 30, 2020 and December 31, 2019 is presented below.

(Dollars in Millions)		Jun 30, 2020				Dec 31, 2019
Liability under Funding Agreements		$	454.3			$	243.4
Fair Value of Collateral Pledged		$	459.4			$	287.8
FHLB of Chicago Common Stock Owned at Cost		$	11.8			$	4.9

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Tabular disclosure of advances by federal home loan bank by branch.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6479118&loc=d3e64650-112822

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.13,16)
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

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The entire disclosure for the present values of future benefits to be paid to or on behalf of policyholders and related expenses less the present value of future net premiums using assumptions such as estimates of expected investment yields, mortality, morbidity, terminations and expenses, applicable at the time the insurance contracts are made and unpaid claim costs relating to insurance contracts including estimates of costs relating to incurred but not reported claims based on the estimated ultimate cost of settling the claims (including effects of inflation and other societal and economic factors), using past experience adjusted for current trends and any other factors that would modify past experience by element such as business segment, country and interest rate range.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(13))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

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