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Divestitures Schedule of assets and liabilities held for sale (Tables) | 3 Months Ended
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Dec. 31, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |
Disposal Groups, Including Discontinued Operations [Table Text Block] | Below is a summary of the impact of such intercompany balances on the Condensed Consolidated Balance Sheets:
| December 31, 2015 |  | September 30, 2015
Assets |  |  |
Funds withheld receivable | $ | 1,007.1 |  |  | $ | 1,058.0 |
Other assets | 15.9 |  |  | 15.9 |
Assets held for sale | 1,694.7 |  |  | 1,769.8 |
Total assets | $ | 2,717.7 |  |  | $ | 2,843.7 |
Liabilities |  |  |
Insurance reserves | $ | 1,198.0 |  |  | $ | 1,226.8 |
Debt | 249.0 |  |  | 330.7 |
Accounts payable and other current liabilities | — |  |  | 1.6 |
Other liabilities | 12.4 |  |  | 11.0 |
Liabilities held for sale | 1,258.3 |  |  | 1,273.6 |
Total liabilities | $ | 2,717.7 |  |  | $ | 2,843.7 |
The following table summarizes the components of Net (loss) income from discontinued operations in the Condensed Consolidated Statements of Operations for the three months ended December 31, 2015 and 2014:
| Three months ended December 31,
| 2015 |  | 2014
Revenues: |  |  |
Insurance premiums | $ | 15.4 |  |  | $ | 11.6 |
Net investment income (a) | 222.2 |  |  | 208.4 |
Net investment gains | 66.2 |  |  | 58.5 |
Insurance and investment product fees and other | 28.8 |  |  | 19.8 |
Total revenues | 332.6 |  |  | 298.3 |
Operating costs and expenses: |  |  |
Benefits and other changes in policy reserves | 180.9 |  |  | 223.7 |
Selling, acquisition, operating and general expenses | 28.2 |  |  | 29.2 |
Impairments and bad debt expense | — |  |  | 0.5 |
Amortization of intangibles | 33.5 |  |  | 11.3 |
Total operating costs and expenses | 242.6 |  |  | 264.7 |
Operating income | 90.0 |  |  | 33.6 |
Interest expense | 5.9 |  |  | 5.9 |
Net income before income taxes | 84.1 |  |  | 27.7 |
Income tax expense (b) | 119.7 |  |  | 10.7 |
Net (loss) income | (35.6 | ) |  | 17.0 |
Less: net (loss) income attributable to noncontrolling interest | 9.4 |  |  | 3.3 |
Net (loss) income - attributable to controlling interest | $ | (45.0 | ) |  | $ | 13.7 |
(a) Included in the net investment income attributable to FGL is interest income of $1.1 and $1.7 for the three months ended December 31, 2015 and 2014, respectively, on debt instruments issued by entities consolidated by HRG as they will continue to exist following the closing of the FGL Merger. The corresponding interest expense is recorded in continuing operations on the Condensed Consolidated Statements of Operations. (b) Included in the income tax expense for the three months ended December 31, 2015 was a $90.9 net income tax expense related to the establishment of a deferred tax liability of $338.6 as a result of classifying our investment in FGL as held for sale, partially offset by a $247.7 reduction of valuation allowance on HRG’s net operating and capital loss carryforwards expected to offset the FGL taxable gain. The following table summarizes the major categories of assets and liabilities classified as held for sale in the Condensed Consolidated Balance Sheets at December 31, 2015 and September 30, 2015:
| December 31, 2015 |  | September 30, 2015
Assets |  |  |
Investments, including loans and receivables from affiliates | $ | 19,071.2 |  |  | $ | 19,206.7 |
Cash and cash equivalents | 567.9 |  |  | 501.8 |
Accrued investment income | 180.9 |  |  | 191.2 |
Reinsurance recoverable | 3,551.6 |  |  | 3,578.7 |
Deferred tax assets | 248.3 |  |  | 194.7 |
Properties | 15.5 |  |  | 14.4 |
Deferred acquisition costs and value of business acquired, net | 1,230.6 |  |  | 1,048.6 |
Other assets | 231.5 |  |  | 248.4 |
Total assets held for sale | $ | 25,097.5 |  |  | $ | 24,984.5 |
Liabilities |  |  |
Insurance reserves | $ | 22,748.5 |  |  | $ | 22,560.1 |
Debt | 299.2 |  |  | 298.3 |
Accounts payable and other current liabilities | 35.7 |  |  | 43.7 |
Other liabilities | 547.4 |  |  | 518.8 |
Total liabilities held for sale | $ | 23,630.8 |  |  | $ | 23,420.9 |

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- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 45 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5C -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 4A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5B -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5A -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 5D -URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760 + Details
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