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Derivative Financial Instruments (Tables) | 9 Months Ended
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Jun. 30, 2015
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 |  | June 30, 2015 |  | September 30, 2014
Derivatives designated as hedging instruments: |  |  |  |  |  |
Foreign exchange contracts |  | Receivables, net |  | $ | 5.9 |  |  | $ | 12.0 |
Interest rate contracts |  | Other assets |  | — |  |  | 0.6 |
Commodity contracts |  | Receivables, net |  | — |  |  | 1.3 |
Foreign exchange contracts |  | Cash and cash equivalents |  | 0.3 |  |  | 0.3 |
Total asset derivatives designated as hedging instruments |  |  |  | 6.2 |  |  | 14.2 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
Call options |  | Derivatives |  | 220.1 |  |  | 296.3 |
Commodity contracts |  | Receivables, net |  | 10.3 |  |  | 1.9 |
Futures contracts |  | Derivatives |  | 0.3 |  |  | — |
Other embedded derivatives |  | Other invested assets |  | 11.7 |  |  | 11.2 |
Foreign exchange contracts |  | Receivables, net |  | — |  |  | 0.5 |
Total asset derivatives |  |  |  | $ | 248.6 |  |  | $ | 324.1 |
Liability Derivatives |  | Classification |  | June 30, 2015 |  | September 30, 2014
Derivatives designated as hedging instruments: |  |  |  |  |  |
Interest rate contracts |  | Accounts payable and other current liabilities |  | $ | 1.8 |  |  | $ | 1.8 |
Interest rate contracts |  | Other liabilities |  | 0.4 |  |  | — |
Commodity contracts |  | Accounts payable and other current liabilities |  | 1.5 |  |  | 0.1 |
Commodity contracts |  | Other liabilities |  | 0.1 |  |  | — |
Foreign exchange contracts |  | Accounts payable and other current liabilities |  | 0.4 |  |  | — |
Foreign exchange contracts |  | Other liabilities |  | 0.4 |  |  | — |
Total liability derivatives designated as hedging instruments |  |  |  | 4.6 |  |  | 1.9 |
Derivatives not designated as hedging instruments: |  |  |  |  |  |
FIA embedded derivative |  | Contractholder funds |  | 2,173.7 |  |  | 1,908.1 |
Foreign exchange |  | Accounts payable and other current liabilities |  | 0.2 |  |  | 0.1 |
Futures contracts |  | Other liabilities |  | — |  |  | 0.5 |
Commodity contracts |  | Other liabilities |  | — |  |  | 0.3 |
Total liability derivatives |  |  |  | $ | 2,178.5 |  |  | $ | 1,910.9 |
Summary of Gain (Loss) Recognized in Income on Derivatives | During the three and nine months ended June 30, 2015 and 2014, the Company recognized the following gains and losses on these derivatives:
|  |  |  | Three months ended June 30, |  | Nine months ended June 30,
Classification |  | Derivatives Not Designated as Hedging Instruments |  | 2015 |  | 2014 |  | 2015 |  | 2014
Revenues: |  |  |  |  |  |  |  |  |  |
Net investment (losses) gains |  | Call options |  | $ | (7.6 | ) |  | $ | 91.1 |  |  | $ | 25.6 |  |  | $ | 226.6 |
|  | Futures contracts |  | — |  |  | 10.5 |  |  | 4.3 |  |  | 24.9 |
|  | Change in fair value of other embedded derivatives |  | (0.5 | ) |  | 0.3 |  |  | 0.5 |  |  | 0.3 |
Operating costs and expenses: |  |  |  |  |  |  |  |  |  |
Benefits and other changes in policy reserves |  | FIA embedded derivatives |  | $ | (43.7 | ) |  | $ | 145.8 |  |  | $ | 265.6 |  |  | $ | 320.1 |
Cost of consumer products and other goods sold |  | Commodity contracts |  | — |  |  | 0.1 |  |  | — |  |  | — |
Other income and expense: |  |  |  |  |  |  |  |  |  |
Other (expense) income , net |  | Oil and natural gas commodity contracts |  | $ | (2.7 | ) |  | $ | (2.2 | ) |  | $ | 21.3 |  |  | $ | (12.4 | )
|  | Foreign exchange contracts |  | 5.0 |  |  | (0.2 | ) |  | (2.4 | ) |  | 0.4 |
Gain (loss) from the change in the fair value of the equity conversion feature of preferred stock |  | Equity conversion feature of preferred stock |  | — |  |  | 38.0 |  |  | — |  |  | (12.7 | )
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 June 30, 2015 (presented on a calendar-year basis):
(in millions, except volumes and prices) |  | Volume Mmbtus/Mbbls |  | Weighted average strike price per Mmbtu/Bbl |  | Fair Value at June 30, 2015
Natural gas: |  |  |  |  |  |
Swaps: |  |  |  |  |  |
July - December 2015 |  | 5,520 |  |  | $ | 3.95 |  |  | $ | 5.8 |
Three-way collars: |  |  |  |  |  |
July - October 2015 |  | 2,460 |  |  |  |  | 0.2 |
Short call |  |  |  | 3.27 |  |  |
Long put |  |  |  | 2.85 |  |  |
Short put |  |  |  | 2.10 |  |  |
Total natural gas |  | 7,980 |  |  |  |  | $ | 6.0 |
Oil: |  |  |  |  |  |
Swaps: |  |  |  |  |  |
July - December 2015 |  | 125 |  |  | $ | 94.98 |  |  | $ | 4.3 |
Collars: |  |  |  |  |  |
July - December 2015 |  | 55 |  |  |  |  | $ | — |
Short call |  |  |  | 67.50 |  |  |
Long put |  |  |  | 50.00 |  |  |
Three-way collars: |  |  |  |  |  |
January - December 2016 |  | 110 |  |  |  |  | $ | — |
Short call |  |  |  | 80.00 |  |  |
Long put |  |  |  | 60.00 |  |  |
Short put |  |  |  | 45.00 |  |  |
Total oil |  | 290 |  |  |  |  | $ | 4.3 |
Total oil and natural gas derivatives |  |  |  |  |  | $ | 10.3 |
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:
|  |  |  | June 30, 2015 |  | 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 |  | $ | 2,438.4 |  |  | $ | 58.7 |  |  | $ | 14.9 |  |  | $ | 43.8 |  |  | $ | 2,239.9 |  |  | $ | 92.7 |  |  | $ | 52.5 |  |  | $ | 40.2 |
Deutsche Bank |  | A/A3/BBB+ |  | 2,660.1 |  |  | 71.8 |  |  | 39.4 |  |  | 32.4 |  |  | 2,810.0 |  |  | 108.0 |  |  | 72.5 |  |  | 35.5 |
Morgan Stanley |  | */A1/A |  | 3,746.8 |  |  | 88.3 |  |  | 64.5 |  |  | 23.8 |  |  | 2,294.7 |  |  | 85.0 |  |  | 63.0 |  |  | 22.0 |
Barclay's Bank |  | A/A2/A- |  | 127.0 |  |  | 1.3 |  |  | — |  |  | 1.3 |  |  | 258.0 |  |  | 10.6 |  |  | — |  |  | 10.6 |
Total |  |  |  | $ | 8,972.3 |  |  | $ | 220.1 |  |  | $ | 118.8 |  |  | $ | 101.3 |  |  | $ | 7,602.6 |  |  | $ | 296.3 |  |  | $ | 188.0 |  |  | $ | 108.3 |

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