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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Dec. 31, 2013
Fair Value Disclosures [Abstract] |
Schedule of Assets and Liabilities not Measured at Fair Value [Table Text Block] | The carrying amount, estimated fair value and the level of the fair value hierarchy of the Company’s financial instrument assets and liabilities which are not measured at fair value on the Consolidated Balance Sheets are summarized as follows:
| December 31, 2013
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Amount
Assets |  |  |  |  |  |  |  |  |
Policy loans and other invested assets | $ | — |  |  | $ | — |  |  | $ | 117.3 |  |  | $ | 117.3 |  |  | $ | 117.3 |
Asset-based loans | — |  |  | — |  |  | 794.0 |  |  | 794.0 |  |  | 794.0 |
Total financial assets | $ | — |  |  | $ | — |  |  | $ | 911.3 |  |  | $ | 911.3 |  |  | $ | 911.3 |
Liabilities |  |  |  |  |  |  |  |  |
Total debt (a) | $ | — |  |  | $ | 5,351.3 |  |  | $ | — |  |  | $ | 5,351.3 |  |  | $ | 5,165.9 |
Redeemable preferred stock, excluding equity conversion feature | — |  |  | — |  |  | 378.8 |  |  | 378.8 |  |  | 333.4 |
Investment contracts, included in contractholder funds | — |  |  | — |  |  | 12,513.8 |  |  | 12,513.8 |  |  | 13,875.0 |
Total financial liabilities | $ | — |  |  | $ | 5,351.3 |  |  | $ | 12,892.6 |  |  | $ | 18,243.9 |  |  | $ | 19,374.3 |
| September 30, 2013
| Level 1 |  | Level 2 |  | Level 3 |  | Estimated Fair Value |  | Carrying Amount
Assets |  |  |  |  |  |  |  |  |
Policy loans and other invested assets | $ | — |  |  | $ | — |  |  | $ | 31.2 |  |  | $ | 31.2 |  |  | $ | 31.2 |
Asset-based loans | — |  |  | — |  |  | 560.4 |  |  | 560.4 |  |  | 560.4 |
Total financial assets | $ | — |  |  | $ | — |  |  | $ | 591.6 |  |  | $ | 591.6 |  |  | $ | 591.6 |
Liabilities |  |  |  |  |  |  |  |  |
Total debt (a) | $ | — |  |  | $ | 4,773.2 |  |  | $ | — |  |  | $ | 4,773.2 |  |  | $ | 4,896.1 |
Redeemable preferred stock, excluding equity conversion feature | — |  |  | — |  |  | 377.1 |  |  | 377.1 |  |  | 329.4 |
Investment contracts, included in contractholder funds | — |  |  | — |  |  | 12,378.6 |  |  | 12,378.6 |  |  | 13,703.8 |
Total financial liabilities | $ | — |  |  | $ | 4,773.2 |  |  | $ | 12,755.7 |  |  | $ | 17,528.9 |  |  | $ | 18,929.3 |
(a) | The fair values of debt set forth above are generally based on quoted or observed market prices.
(b) | The carrying amounts of trade receivables, accounts payable, accrued investment income and portions of other insurance liabilities approximate fair value due to their short duration and, accordingly, they are not presented in the tables above.
Assets and Liabilities Carrying at Fair Value on Recurring Basis | The Company’s consolidated assets and liabilities measured at fair value are summarized according to the hierarchy previously described as follows:
| December 31, 2013
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
Assets |  |  |  |  |  |  |
Cash and cash equivalents (a) | $ | 1,293.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,293.8 |
Contingent purchase price reduction receivable | — |  |  | — |  |  | 41.5 |  |  | 41.5 |
Derivatives: |  |  |  |  |  |  |
Foreign exchange forward agreements | — |  |  | 3.2 |  |  | — |  |  | 3.2 |
Commodity swap and option agreements | — |  |  | 2.0 |  |  | — |  |  | 2.0 |
Call options and futures contracts | — |  |  | 294.5 |  |  | — |  |  | 294.5 |
Fixed maturity securities, available-for-sale: |  |  |  |  |  |  |
Asset-backed securities | — |  |  | 1,592.0 |  |  | 9.8 |  |  | 1,601.8 |
Commercial mortgage-backed securities | — |  |  | 438.6 |  |  | 6.0 |  |  | 444.6 |
Corporates | — |  |  | 9,439.5 |  |  | 607.1 |  |  | 10,046.6 |
Hybrids | — |  |  | 418.1 |  |  | — |  |  | 418.1 |
Municipals | — |  |  | 1,087.1 |  |  | 34.3 |  |  | 1,121.4 |
Agency residential mortgage-backed securities | — |  |  | 91.0 |  |  | — |  |  | 91.0 |
Non-agency residential mortgage-backed securities | — |  |  | 1,652.0 |  |  | — |  |  | 1,652.0 |
U.S. Government | 502.5 |  |  | 208.6 |  |  | — |  |  | 711.1 |
Equity securities: |  |  |  |  |  |  |
Available-for-sale | — |  |  | 286.9 |  |  | — |  |  | 286.9 |
Trading | 78.2 |  |  | — |  |  | 10.8 |  |  | 89.0 |
Funds withheld receivable | — |  |  | 160.8 |  |  | — |  |  | 160.8 |
Total financial assets | $ | 1,874.5 |  |  | $ | 15,674.3 |  |  | $ | 709.5 |  |  | $ | 18,258.3 |
Liabilities |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds | $ | — |  |  | $ | — |  |  | $ | 1,644.7 |  |  | $ | 1,644.7 |
Front Street future policyholder benefit liability | — |  |  | — |  |  | 149.9 |  |  | 149.9 |
Foreign exchange forward agreements | — |  |  | 9.1 |  |  | — |  |  | 9.1 |
Commodity swap and option agreements | — |  |  | 2.2 |  |  | — |  |  | 2.2 |
Equity conversion feature of preferred stock | — |  |  | — |  |  | 378.0 |  |  | 378.0 |
Total financial liabilities | $ | — |  |  | $ | 11.3 |  |  | $ | 2,172.6 |  |  | $ | 2,183.9 |
| September 30, 2013
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
Assets |  |  |  |  |  |  |
Cash and cash equivalents (a) | $ | 1,899.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,899.7 |
Contingent purchase price reduction receivable | — |  |  | — |  |  | 41.0 |  |  | 41.0 |
Derivatives: |  |  |  |  |  |  |
Foreign exchange forward agreements | — |  |  | 1.8 |  |  | — |  |  | 1.8 |
Commodity swap and option agreements | — |  |  | 4.1 |  |  | — |  |  | 4.1 |
Call options and futures contracts | — |  |  | 221.8 |  |  | — |  |  | 221.8 |
Fixed maturity securities, available-for-sale: |  |  |  |  |  |  |
Asset-backed securities | — |  |  | 1,518.1 |  |  | 5.0 |  |  | 1,523.1 |
Commercial mortgage-backed securities | — |  |  | 448.7 |  |  | 5.7 |  |  | 454.4 |
Corporates | — |  |  | 8,957.2 |  |  | 461.1 |  |  | 9,418.3 |
Hybrids | — |  |  | 428.8 |  |  |  |  |  | 428.8 |
Municipals | — |  |  | 1,007.0 |  |  | — |  |  | 1,007.0 |
Agency residential mortgage-backed securities | — |  |  | 98.6 |  |  | — |  |  | 98.6 |
Non-agency residential mortgage-backed securities | — |  |  | 1,368.0 |  |  | — |  |  | 1,368.0 |
U.S. Government | 790.9 |  |  | 210.9 |  |  | — |  |  | 1,001.8 |
Equity securities: |  |  |  |  |  |  |
Available-for-sale | — |  |  | 271.0 |  |  | — |  |  | 271.0 |
Trading | 70.8 |  |  | — |  |  | 10.7 |  |  | 81.5 |
Total financial assets | $ | 2,761.4 |  |  | $ | 14,536.0 |  |  | $ | 523.5 |  |  | $ | 17,820.9 |
Liabilities |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds | $ | — |  |  | $ | — |  |  | $ | 1,544.4 |  |  | $ | 1,544.4 |
Futures contracts | — |  |  | 1.0 |  |  | — |  |  | 1.0 |
Foreign exchange forward agreements | — |  |  | 10.0 |  |  | — |  |  | 10.0 |
Commodity swap and option agreements | — |  |  | 2.4 |  |  | — |  |  | 2.4 |
Equity conversion feature of preferred stock | — |  |  | — |  |  | 330.8 |  |  | 330.8 |
Total financial liabilities | $ | — |  |  | $ | 13.4 |  |  | $ | 1,875.2 |  |  | $ | 1,888.6 |
Schedule of Unobservable Inputs Used for Level Three Fair Value Measurements of Financial Instruments on Recurring Basis | Quantitative information regarding significant unobservable inputs used for recurring Level 3 fair value measurements of financial instruments carried at fair value as of December 31, 2013 and September 30, 2013 are as follows:
|  |  |  |  |  | Fair Value at |  | Range (Weighted average)
Assets |  | Valuation Technique |  | Unobservable Input(s) |  | December 31, 2013 |  | September 30, 2013 |  | December 31, 2013 |  | September 30, 2013
Contingent purchase price reduction receivable |  | Discounted cash flow |  | Probability of collection |  | $ | 41.5 |  |  | $ | 41.0 |  |  | 88% - 96% (92%) |  | 88% - 96% (92%)
|  |  |  | Expected term |  |  |  |  |  | 6 months |  | 9 months
|  |  |  | Discount rate |  |  |  |  |  | 1% |  | 1%
|  |  |  | Credit insurance risk premium |  |  |  |  |  | 11% |  | 11%
Asset-backed securities |  | Broker-quoted |  | Offered quotes |  | 9.8 |  |  | 5.0 |  |  | 98% - 107% (101%) |  | 100% - 107% (101%)
Commercial mortgage-backed securities |  | Broker-quoted |  | Offered quotes |  | 6.0 |  |  | 5.7 |  |  | 102% |  | 96%
Corporates |  | Broker-quoted |  | Quoted prices |  | 540.9 |  |  | 404.5 |  |  | 0% - 115% (92%) |  | 0% - 113% (90%)
Corporates |  | Market Pricing |  | Offered quotes |  | 66.2 |  |  | 56.6 |  |  | 91% - 132% (99%) |  | 90% - 131% (97%)
Municipal |  | Broker-quoted |  | Offered quotes |  | 34.3 |  |  | — |  |  | 98% |  | —%
Equity |  | Market Pricing |  | Revenue multiple |  | 10.8 |  |  |  |  | 0.3x - 0.4x |  |
|  |  |  | Probably of transaction closing |  |  |  |  |  | 95% |  |
|  | Option Pricing |  | Risk-adjusted rate |  |  |  | 10.7 |  |  |  |  | 25.0%
|  |  |  | Risk-free discount factor |  |  |  |  |  |  |  | 0.999
|  |  |  | Risk-adjusted discount factor |  |  |  |  |  |  |  | 0.995
|  |  |  | Upward movement factor (Mu) |  |  |  |  |  |  |  | 1.1
|  |  |  | Downward movement factor (Md) |  |  |  |  |  |  |  | 0.9
|  |  |  | Probability of upward movement (Pu) |  |  |  |  |  |  |  | 48.6%
|  |  |  | Probability of downward movement (Pd) |  |  |  |  |  |  |  | 51.4%
Total |  |  |  |  |  | $ | 709.5 |  |  | $ | 523.5 |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds |  | Discounted cash flow |  | Market value of option |  | $ | 1,644.7 |  |  | $ | 1,544.4 |  |  | 0% - 43% (5%) |  | 0% - 38% (4%)
|  |  |  | SWAP rates |  |  |  |  |  | 2% - 3% (2%) |  | 2% - 3% (2%)
|  |  |  | Mortality multiplier |  |  |  |  |  | 80% |  | 80%
|  |  |  | Surrender rates |  |  |  |  |  | 0.50% - 75% (7%) |  | 0.50% - 75% (7%)
|  |  |  | Non-performance spread |  |  |  |  |  | 0.25% |  | 0.25% - 0.25% (0.25%)
Front Street future policyholder benefit liability |  | Discounted cash flow |  | Non-performance risk spread |  | 149.9 |  |  | — |  |  | 0.65% - 1.5% |  | —%
|  |  |  | Liquidity risk spread |  |  |  |  |  | 0.5% |  | —%
|  |  |  |  |  | Fair Value at |  | Range (Weighted average)
Assets |  | Valuation Technique |  | Unobservable Input(s) |  | December 31, 2013 |  | September 30, 2013 |  | December 31, 2013 |  | September 30, 2013
Equity conversion feature of preferred stock |  | Monte Carlo simulation / Option model |  | Annualized volatility of equity |  | 378.0 |  |  | 330.8 |  |  | 40% |  | 42%
|  |  |  | Discount yield |  |  |  |  |  | 11% |  | 11%
|  |  |  | Non-cash accretion rate |  |  |  |  |  | 0% |  | 0%
|  |  |  | Calibration adjustment |  |  |  |  |  | 0% |  | 0% - 1.0% (0.3%)
Total |  |  |  |  |  | $ | 2,172.6 |  |  | $ | 1,875.2 |  |  |  |  |
Changes in Fair Value of Financial Instruments | The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three months ended December 31, 2013 and December 30, 2012. This summary excludes any impact of amortization of VOBA and DAC. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
| Three months ended December 31, 2013
| Balance at Beginning of Period |  | Total Gains (Losses) |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent purchase price reduction receivable | $ | 41.0 |  |  | $ | 0.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41.5 |
Fixed maturity securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities | 5.0 |  |  | — |  |  | (0.2 | ) |  | 5.0 |  |  | — |  |  | — |  |  |  |  |  | 9.8 |
Commercial mortgage-backed securities | 5.7 |  |  | — |  |  | 0.3 |  |  | — |  |  | — |  |  | — |  |  |  |  |  | 6.0 |
Corporates | 461.1 |  |  | — |  |  | (6.1 | ) |  | 152.6 |  |  | — |  |  | (0.5 | ) |  |  |  |  | 607.1 |
Municipals | — |  |  | — |  |  | (0.7 | ) |  | 35.0 |  |  | — |  |  | — |  |  | — |  |  | 34.3 |
Equity securities - trading | 10.7 |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 10.8 |
Total assets at fair value | $ | 523.5 |  |  | $ | 0.6 |  |  | $ | (6.7 | ) |  | $ | 192.6 |  |  | $ | — |  |  | $ | (0.5 | ) |  | $ | — |  |  | $ | 709.5 |
| Balance at Beginning of Period |  | Total (Gains) Losses |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds | $ | 1,544.4 |  |  | $ | 100.3 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,644.7 |
FSR future policyholder benefit liability | — |  |  | (0.7 | ) |  | — |  |  | 150.6 |  |  | — |  |  | — |  |  | — |  |  | 149.9 |
Equity conversion feature of preferred stock | 330.8 |  |  | 47.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 378.0 |
Total liabilities at fair value | $ | 1,875.2 |  |  | $ | 146.8 |  |  | $ | — |  |  | $ | 150.6 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,172.6 |
| Three months ended December 30, 2012
| Balance at Beginning of Period |  | Total Gains (Losses) |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 (a) |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent purchase price reduction receivable | $ | 41.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41.0 |
Fixed maturity securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities | 15.9 |  |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | — |  |  | (10.5 | ) |  | 5.3 |
Commercial mortgage-backed securities | 5.0 |  |  | — |  |  | 0.1 |  |  | 1.0 |  |  | — |  |  | — |  |  | — |  |  | 6.1 |
Corporates | 135.3 |  |  | (0.2 | ) |  | (2.0 | ) |  | 133.2 |  |  | (9.6 | ) |  | (0.7 | ) |  | 0.1 |  |  | 256.1 |
Hybrids | 8.8 |  |  | — |  |  | (0.1 | ) |  | — |  |  | — |  |  | — |  |  | (3.7 | ) |  | 5.0 |
Total assets at fair value | $ | 206.0 |  |  | $ | (0.2 | ) |  | $ | (2.1 | ) |  | $ | 134.2 |  |  | $ | (9.6 | ) |  | $ | (0.7 | ) |  | $ | (14.1 | ) |  | $ | 313.5 |
| Balance at Beginning of Period |  | Total (Gains) Losses |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 (a) |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds | $ | 1,550.8 |  |  | $ | (33.8 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,517.0 |
Equity conversion feature of preferred stock | 232.0 |  |  | (68.9 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 163.1 |
Total liabilities at fair value | $ | 1,782.8 |  |  | $ | (102.7 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,680.1 |
(a) | The net transfers in and out of Level 3 during the three months ended December 30, 2012 was exclusively to or from Level 2.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=25499696&loc=d3e19190-110258 + Details
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