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Derivative Financial Instruments (Tables) | 3 Months Ended
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Dec. 31, 2014
Derivative [Line Items] |
Fair Value of Outstanding Derivative Contracts in Condensed Consolidated Balance Sheets | The fair value of outstanding derivative contracts recorded in the accompanying unaudited Condensed Consolidated Balance Sheets were as follows:
Asset Derivatives |  | Classification |  | December 31, 2014 |  | September 30, 2014
Derivatives designated as hedging instruments: |  |  |  |  |  |
Interest rate contracts |  | Other assets |  | $ | 0.6 |  |  | $ | 0.6 |
Commodity swap and option agreements |  | Receivables, net |  | 0.4 |  |  | 1.3 |
Foreign exchange contracts |  | Other assets |  | 0.1 |  |  | 0.3 |
Foreign exchange contracts |  | Receivables, net |  | 16.9 |  |  | 12.0 |
Total asset derivatives designated as hedging instruments |  |  |  | 18.0 |  |  | 14.2 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Commodity contracts |  | Receivables, net |  | 19.5 |  |  | 1.9 |
Call options |  | Derivatives |  | 306.2 |  |  | 296.3 |
Other embedded derivatives |  | Other invested assets |  | 11.8 |  |  | 11.2 |
Foreign exchange contracts |  | Receivables, net |  | 0.3 |  |  | 0.5 |
Total asset derivatives |  |  |  | $ | 355.8 |  |  | $ | 324.1 |
Summary of Gain (Loss) Recognized in Income on Derivatives | During the three months ended December 31, 2014 and 2013, the Company recognized the following gains and losses on these derivatives:
|  |  |  | Three months ended December 31,
Classification |  | Derivatives Not Designated as Hedging Instruments |  | 2014 |  | 2013
Revenues: |  |  |  |  |  |
Net investment gains |  | Call options |  | $ | 41.3 |  |  | $ | 114.3 |
|  | Futures contracts |  | 4.2 |  |  | 13.1 |
|  | Change in fair value of other embedded derivatives |  | 0.6 |  |  | — |
Operating costs and expenses: |  |  |  |  |  |
Cost of consumer products and other goods sold |  | Commodity contracts |  | $ | — |  |  | $ | (0.1 | )
Benefits and other changes in policy reserves |  | FIA embedded derivatives |  | 232.1 |  |  | 100.3 |
Other income and expense: |  |  |  |  |  |
Loss from the change in the fair value of the equity conversion feature of preferred stock |  | Equity conversion feature of preferred stock |  | $ | — |  |  | $ | (47.2 | )
Other income (expense), net |  | Oil and natural gas commodity contracts |  | 18.7 |  |  | (3.4 | )
|  | Foreign exchange contracts |  | (1.7 | ) |  | 0.8 |
Volumes and Fair Value of Oil and Natural Gas Derivative Financial Instruments | The following table presents Compass’ volumes and fair value of the oil derivative financial instrument as of December 31, 2014 (presented on a calendar-year basis):
(in millions, except volumes and prices) |  | Volume Mmmbtus/Mbbls |  | Weighted average strike price per Mmbtu/Bbl |  | Fair Value at December 31, 2014
Natural gas swaps: |  |  |  |  |  |
2015 |  | 10,950 |  |  | $ | 3.95 |  |  | $ | 10.0 |
Oil swaps: |  |  |  |  |  |
2015 |  | 250 |  |  | $ | 94.98 |  |  | 9.5 |
Total oil and natural gas derivatives |  |  |  |  |  | $ | 19.5 |
Call options [Member] |
Derivative [Line Items] |
FGL's Exposure to Credit Loss on Call Options Held | Information regarding FGL’s exposure to credit loss on the call options it holds is presented in the following table:
|  |  |  | December 31, 2014 |  | September 30, 2014
Counterparty |  | Credit Rating (Fitch/Moody's/S&P) (a) |  | Notional Amount |  | Fair Value |  | Collateral |  | Net Credit Risk |  | Notional Amount |  | Fair Value |  | Collateral |  | Net Credit Risk
Merrill Lynch |  | A/*/A |  | $ | 2,004.8 |  |  | $ | 74.6 |  |  | $ | 38.4 |  |  | $ | 36.2 |  |  | $ | 2,239.9 |  |  | $ | 92.7 |  |  | $ | 52.5 |  |  | $ | 40.2 |
Deutsche Bank |  | A+/A3/A |  | 3,205.6 |  |  | 123.0 |  |  | 95.8 |  |  | 27.2 |  |  | 2,810.0 |  |  | 108.0 |  |  | 72.5 |  |  | 35.5 |
Morgan Stanley |  | */A3/A |  | 2,681.8 |  |  | 96.9 |  |  | 79.0 |  |  | 17.9 |  |  | 2,294.7 |  |  | 85.0 |  |  | 63.0 |  |  | 22.0 |
Barclay's Bank |  | A/A2/A |  | 259.3 |  |  | 11.7 |  |  | — |  |  | 11.7 |  |  | 258.0 |  |  | 10.6 |  |  | — |  |  | 10.6 |
|  |  |  | $ | 8,151.5 |  |  | $ | 306.2 |  |  | $ | 213.2 |  |  | $ | 93.0 |  |  | $ | 7,602.6 |  |  | $ | 296.3 |  |  | $ | 188.0 |  |  | $ | 108.3 |

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