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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Dec. 31, 2014
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 unaudited Condensed Consolidated Balance Sheets are summarized as follows:
| December 31, 2014
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Amount
Assets (a) |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,311.4 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,311.4 |  |  | $ | 1,311.4 |
Asset-based loans | — |  |  | — |  |  | 791.9 |  |  | 791.9 |  |  | 791.9 |
Other invested assets | — |  |  | — |  |  | 233.2 |  |  | 233.2 |  |  | 233.2 |
Total financial assets | $ | 1,311.4 |  |  | $ | — |  |  | $ | 1,025.1 |  |  | $ | 2,336.5 |  |  | $ | 2,336.5 |
Liabilities (a) |  |  |  |  |  |  |  |  |
Total debt (b) | $ | — |  |  | $ | 5,842.6 |  |  | $ | — |  |  | $ | 5,842.6 |  |  | $ | 5,666.0 |
Investment contracts, included in contractholder funds | — |  |  | — |  |  | 13,442.9 |  |  | 13,442.9 |  |  | 15,019.9 |
Total financial liabilities | $ | — |  |  | $ | 5,842.6 |  |  | $ | 13,442.9 |  |  | $ | 19,285.5 |  |  | $ | 20,685.9 |
| September 30, 2014
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Amount
Assets (a) |  |  |  |  |  |  |  |  |
Cash and cash equivalents | $ | 1,319.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,319.2 |  |  | $ | 1,319.2 |
Asset-based loans | — |  |  | — |  |  | 811.6 |  |  | 811.6 |  |  | 811.6 |
Other invested assets | — |  |  | — |  |  | 151.7 |  |  | 151.7 |  |  | 151.7 |
Total financial assets | $ | 1,319.2 |  |  | $ | — |  |  | $ | 963.3 |  |  | $ | 2,282.5 |  |  | $ | 2,282.5 |
Liabilities (a) |  |  |  |  |  |  |  |  |
Total debt (b) | $ | — |  |  | $ | 5,308.5 |  |  | $ | — |  |  | $ | 5,308.5 |  |  | $ | 5,157.8 |
Investment contracts, included in contractholder funds | — |  |  | — |  |  | 13,108.8 |  |  | 13,108.8 |  |  | 14,555.4 |
Total financial liabilities | $ | — |  |  | $ | 5,308.5 |  |  | $ | 13,108.8 |  |  | $ | 18,417.3 |  |  | $ | 19,713.2 |
(a) | 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.
(b) | The fair values of debt set forth above are generally based on quoted or observed market prices.
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, 2014 |  | September 30, 2014
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent purchase price reduction receivable | $ | — |  |  | $ | — |  |  | $ | 41.5 |  |  | $ | 41.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 41.5 |  |  | $ | 41.5 |
Derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |  |  | — |  |  | 0.6 |
Commodity swap and option agreements | — |  |  | 19.9 |  |  | — |  |  | 19.9 |  |  | — |  |  | 3.2 |  |  | — |  |  | 3.2 |
Foreign exchange forward agreements | — |  |  | 17.3 |  |  | — |  |  | 17.3 |  |  | — |  |  | 12.8 |  |  | — |  |  | 12.8 |
Call options and futures contracts | — |  |  | 306.2 |  |  | — |  |  | 306.2 |  |  | — |  |  | 296.3 |  |  | — |  |  | 296.3 |
Fixed maturity securities, available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities | — |  |  | 1,804.5 |  |  | 34.6 |  |  | 1,839.1 |  |  | — |  |  | 1,755.9 |  |  | 37.0 |  |  | 1,792.9 |
Commercial mortgage-backed securities | — |  |  | 548.0 |  |  | 120.4 |  |  | 668.4 |  |  | — |  |  | 553.8 |  |  | 83.1 |  |  | 636.9 |
Corporates | — |  |  | 8,813.8 |  |  | 907.6 |  |  | 9,721.4 |  |  | — |  |  | 8,945.8 |  |  | 850.0 |  |  | 9,795.8 |
Hybrids | — |  |  | 1,301.5 |  |  | — |  |  | 1,301.5 |  |  | — |  |  | 1,316.1 |  |  | — |  |  | 1,316.1 |
Municipals | — |  |  | 1,323.1 |  |  | 38.8 |  |  | 1,361.9 |  |  | — |  |  | 1,222.6 |  |  | 37.2 |  |  | 1,259.8 |
Residential mortgage-backed securities | — |  |  | 2,201.9 |  |  | — |  |  | 2,201.9 |  |  | — |  |  | 2,114.0 |  |  | — |  |  | 2,114.0 |
U.S. Government | 401.6 |  |  | 182.0 |  |  | — |  |  | 583.6 |  |  | 115.6 |  |  | 180.4 |  |  | — |  |  | 296.0 |
Equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale | 57.1 |  |  | 562.7 |  |  | 6.1 |  |  | 625.9 |  |  | 59.2 |  |  | 598.4 |  |  | 6.0 |  |  | 663.6 |
Trading | 91.5 |  |  | — |  |  | — |  |  | 91.5 |  |  | 104.5 |  |  | — |  |  | — |  |  | 104.5 |
Other invested assets | — |  |  | 2.0 |  |  | 11.8 |  |  | 13.8 |  |  | — |  |  | 2.1 |  |  | 11.2 |  |  | 13.3 |
Funds withheld receivable (a) | — |  |  | 512.6 |  |  | — |  |  | 512.6 |  |  | — |  |  | 154.4 |  |  | — |  |  | 154.4 |
Total financial assets | $ | 550.2 |  |  | $ | 17,596.1 |  |  | $ | 1,160.8 |  |  | $ | 19,307.1 |  |  | $ | 279.3 |  |  | $ | 17,156.4 |  |  | $ | 1,066.0 |  |  | $ | 18,501.7 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds | $ | — |  |  | $ | — |  |  | $ | 2,140.2 |  |  | $ | 2,140.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,908.1 |  |  | $ | 1,908.1 |
Front Street future policyholder benefit liability | — |  |  | — |  |  | 496.4 |  |  | 496.4 |  |  | — |  |  | — |  |  | 151.3 |  |  | 151.3 |
Foreign exchange forward agreements and contracts | — |  |  | 2.6 |  |  | — |  |  | 2.6 |  |  | — |  |  | 0.1 |  |  | — |  |  | 0.1 |
Futures contracts | — |  |  | 1.9 |  |  | — |  |  | 1.9 |  |  | — |  |  | 0.4 |  |  | — |  |  | 0.4 |
Commodity contracts | — |  |  | 0.9 |  |  | — |  |  | 0.9 |  |  | — |  |  | 0.5 |  |  | — |  |  | 0.5 |
Interest rate contracts | — |  |  | 1.9 |  |  | — |  |  | 1.9 |  |  | — |  |  | 1.8 |  |  | — |  |  | 1.8 |
Total financial liabilities | $ | — |  |  | $ | 7.3 |  |  | $ | 2,636.6 |  |  | $ | 2,643.9 |  |  | $ | — |  |  | $ | 2.8 |  |  | $ | 2,059.4 |  |  | $ | 2,062.2 |
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, 2014 and September 30, 2014 were as follows:
|  | Fair Value at |  |  |  |  |  | Range (Weighted average)
Assets |  | December 31, 2014 |  | September 30, 2014 |  | Valuation Technique |  | Unobservable Input(s) |  | December 31, 2014 |  | September 30, 2014
Contingent purchase price reduction receivable |  | $ | 41.5 |  |  | $ | 41.5 |  |  | Discounted cash flow |  | Probability of collection |  | 88% - 96% (92%) |  | 88% - 96% (92%)
|  |  |  |  |  |  |  | Expected term |  | 1.8 months |  | 4.5 months
|  |  |  |  |  |  |  | Discount rate |  | 1% |  | 1%
|  |  |  |  |  |  |  | Credit insurance risk premium |  | 12% |  | 12%
Asset-backed securities |  | 34.6 |  |  | 37.0 |  |  | Broker-quoted |  | Offered quotes |  | 100% - 109% (100%) |  | 100% - 109% (101%)
Commercial mortgage-backed securities |  | 120.4 |  |  | 83.1 |  |  | Broker-quoted |  | Offered quotes |  | 100% - 122% (115%) |  | 105% - 121% (118%)
Corporates |  | 905.5 |  |  | 848.0 |  |  | Broker-quoted |  | Offered quotes |  | 65% - 122% (102%) |  | 62% - 120% (100%)
Corporates |  | 2.1 |  |  | 2.0 |  |  | Matrix Pricing |  | Quoted prices |  | 148% |  | 142%
Municipal |  | 38.8 |  |  | 37.2 |  |  | Broker-quoted |  | Offered quotes |  | 112% |  | 107%
Equity |  | 6.1 |  |  | 6.0 |  |  | Broker-quoted |  | Offered quotes |  | 100% |  | 100%
Other invested assets |  | 11.8 |  |  | 11.2 |  |  | Black Scholes model |  | Net asset value of AnchorPath Fund |  | 100% |  | 100%
Total |  | $ | 1,160.8 |  |  | $ | 1,066.0 |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
FIA embedded derivatives, included in contractholder funds |  | $ | 2,140.2 |  |  | $ | 1,908.1 |  |  | Discounted cash flow |  | Market value of option |  | 0% - 43% (3%) |  | 0% - 50% (3%)
|  |  |  |  |  |  |  | SWAP rates |  | 2% |  | 2% - 3% (2%)
|  |  |  |  |  |  |  | Mortality multiplier |  | 80% |  | 80%
|  |  |  |  |  |  |  | Surrender rates |  | 0.50% - 75% (7%) |  | 0.50% - 75% (7%)
|  |  |  |  |  |  |  | Non-performance risk spread |  | 0.25% |  | 0.25%
Front Street future policyholder benefit liability |  | 496.4 |  |  | 151.3 |  |  | Discounted cash flow |  | Non-performance risk spread |  | 0.50% - 1.50% |  | 0.50% - 1.50%
|  |  |  |  |  |  |  | Risk margin to reflect uncertainty |  | 0.50% |  | 0.50%
Total |  | $ | 2,636.6 |  |  | $ | 2,059.4 |  |  |  |  |  |  |  |  |
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, 2014 and 2013. This summary excludes any impact of amortization of value of business acquired ("VOBA") and deferred acquisition costs ("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, 2014
| 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 | $ | 41.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41.5 |
Fixed maturity securities available-for-sale: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Asset-backed securities | 37.0 |  |  | — |  |  | — |  |  | 3.5 |  |  | — |  |  | — |  |  | (5.9 | ) |  | 34.6 |
Commercial mortgage-backed securities | 83.1 |  |  | — |  |  | 0.8 |  |  | 36.8 |  |  | — |  |  | (0.3 | ) |  | — |  |  | 120.4 |
Corporates | 850.0 |  |  | (0.1 | ) |  | 8.4 |  |  | 51.9 |  |  | — |  |  | (2.6 | ) |  | — |  |  | 907.6 |
Municipals | 37.2 |  |  | — |  |  | 1.8 |  |  | — |  |  | — |  |  | (0.2 | ) |  | — |  |  | 38.8 |
Equity securities - available-for-sale | 6.0 |  |  | — |  |  | 0.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6.1 |
Other invested assets | 11.2 |  |  | 0.6 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11.8 |
Total assets at fair value | $ | 1,066.0 |  |  | $ | 0.5 |  |  | $ | 11.1 |  |  | $ | 92.2 |  |  | $ | — |  |  | $ | (3.1 | ) |  | $ | (5.9 | ) |  | $ | 1,160.8 |
| 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 | $ | 1,908.1 |  |  | $ | 232.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,140.2 |
Front Street future policyholder benefit liability | 151.3 |  |  | (1.3 | ) |  | — |  |  | 346.9 |  |  | — |  |  | (0.5 | ) |  | — |  |  | 496.4 |
Total liabilities at fair value | $ | 2,059.4 |  |  | $ | 230.8 |  |  | $ | — |  |  | $ | 346.9 |  |  | $ | — |  |  | $ | (0.5 | ) |  | $ | — |  |  | $ | 2,636.6 |
(a) The net transfers out of Level 3 during the three months ended December 31, 2014 were exclusively to Level 2.
| Three months ended December 31, 2013
| 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 |  |  | $ | 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 available-for-sale | 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 (a) |  | 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 |
Front Street 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 |

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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=36462937&loc=d3e19190-110258 + Details
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