XML 105 R89.htm IDEA: XBRL DOCUMENT v3.5.0.2
Derivative Financial Instruments - Summary of Gain (Loss) Recognized in Income on Derivatives (Detail) - USD ($)
$ in Millions
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2014
Derivative Instruments, Gain (Loss) [Line Items]      
Increase Decrease In Fair Value Of Equity Conversion Feature Of Preferred Stock   $ 0.0 $ 12.7
Embedded Derivative, Gain (Loss) on Embedded Derivative, Net [1] $ 49.4 (91.1) 41.6
Bronze Commodity Contract [Member] | Consumer products cost of goods sold      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain Recognized in Income on Derivatives 0.0 0.1 (1.0)
Foreign exchange contracts | Other (expense) income, net      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain Recognized in Income on Derivatives (5.5) 13.5 3.1
Call options | Net investment gains      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain Recognized in Income on Derivatives (3.8) 7.6 (25.7)
FIA embedded derivatives | Benefits and other changes in policy reserves      
Derivative Instruments, Gain (Loss) [Line Items]      
Gain Recognized in Income on Derivatives $ (11.1) $ (8.5) $ (10.3)
[1] (a) The modified coinsurance arrangement between FGL Insurance and Front Street created an obligation for the parties to settle a payable or receivable at a later date, which resulted in an embedded derivative. This embedded derivative is considered a total return swap with contractual returns that are attributable to the assets and liabilities associated with this reinsurance arrangement. The fair value of the total return swap is based on the change in fair value of the underlying assets held in the funds withheld portfolio. Investment results for the assets that support the coinsurance with funds withheld reinsurance arrangement, including gains and losses from sales, are passed directly to the reinsurer pursuant to contractual terms of the reinsurance arrangement. The reinsurance related embedded derivative is expected to continue to exist after the disposal of FGL and is therefore not eliminated to appropriately reflect the continuing operations and balances held for sale. It is embedded in the funds withheld receivables with a corresponding asset in business held for sale on the Consolidated Balance Sheets and the related gains or losses are reported in net investment gains with corresponding income (loss) from discontinued operations on the Consolidated Statements of Operations.