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Fair Value of Financial Instruments (Tables) | 3 Months Ended
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Dec. 31, 2015
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 Condensed Consolidated Balance Sheets are summarized as follows:
| December 31, 2015
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Amount
Assets (a) |  |  |  |  |  |  |  |  |
Other invested assets | $ | — |  |  | $ | — |  |  | $ | 2.5 |  |  | $ | 2.5 |  |  | $ | 2.5 |
Asset-based loans | — |  |  | — |  |  | 153.1 |  |  | 153.1 |  |  | 153.1 |
Total financial assets | $ | — |  |  | $ | — |  |  | $ | 155.6 |  |  | $ | 155.6 |  |  | $ | 155.6 |
Liabilities (a) |  |  |  |  |  |  |  |  |
Investment contracts, included in contractholder funds and other insurance reserves | $ | — |  |  | $ | — |  |  | $ | 913.5 |  |  | $ | 913.5 |  |  | $ | 1,058.2 |
Total debt (b) | — |  |  | 6,384.7 |  |  | 80.8 |  |  | 6,465.5 |  |  | 6,285.4 |
Total financial liabilities | $ | — |  |  | $ | 6,384.7 |  |  | $ | 994.3 |  |  | $ | 7,379.0 |  |  | $ | 7,343.6 |
| September 30, 2015
| (As Adjusted)
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Carrying Amount
Assets (a) |  |  |  |  |  |  |  |  |
Other invested assets | $ | — |  |  | $ | — |  |  | $ | 2.5 |  |  | $ | 2.5 |  |  | $ | 2.5 |
Asset-based loans | — |  |  | — |  |  | 226.7 |  |  | 226.7 |  |  | 226.7 |
Total financial assets | $ | — |  |  | $ | — |  |  | $ | 229.2 |  |  | $ | 229.2 |  |  | $ | 229.2 |
Liabilities (a) |  |  |  |  |  |  |  |  |
Investment contracts, included in contractholder funds and other insurance reserves | $ | — |  |  | $ | — |  |  | $ | 960.3 |  |  | $ | 960.3 |  |  | $ | 1,084.5 |
Total debt (b) | — |  |  | 6,398.0 |  |  | 99.1 |  |  | 6,497.1 |  |  | 6,310.5 |
Total financial liabilities | $ | — |  |  | $ | 6,398.0 |  |  | $ | 1,059.4 |  |  | $ | 7,457.4 |  |  | $ | 7,395.0 |
(a) The carrying amounts of cash and cash equivalents, trade receivables, accounts payable and accrued investment income 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, 2015 |  | September 30, 2015
|  |  |  |  |  |  |  |  | (As Adjusted)
| Level 1 |  | Level 2 |  | Level 3 |  | Fair Value |  | Level 1 |  | Level 2 |  | Level 3 |  | Fair Value
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Call options | $ | — |  |  | $ | 10.3 |  |  | $ | — |  |  | $ | 10.3 |  |  | $ | — |  |  | $ | 6.4 |  |  | $ | — |  |  | $ | 6.4 |
Foreign exchange contracts | — |  |  | 7.6 |  |  | — |  |  | 7.6 |  |  | — |  |  | 6.0 |  |  | — |  |  | 6.0 |
Commodity contracts | — |  |  | 1.3 |  |  | — |  |  | 1.3 |  |  | — |  |  | 7.9 |  |  | — |  |  | 7.9 |
Corporate fixed maturity securities AFS | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 14.1 |  |  | 14.1 |
Equity securities - trading | — |  |  | — |  |  | — |  |  | — |  |  | 32.8 |  |  | — |  |  | — |  |  | 32.8 |
Other invested assets | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2.8 |  |  | 2.8 |
Funds withheld receivables | 53.9 |  |  | 1,535.3 |  |  | 74.8 |  |  | 1,664.0 |  |  | 45.8 |  |  | 1,579.9 |  |  | 84.4 |  |  | 1,710.1 |
Total financial assets | $ | 53.9 |  |  | $ | 1,554.5 |  |  | $ | 74.8 |  |  | $ | 1,683.2 |  |  | $ | 78.6 |  |  | $ | 1,600.2 |  |  | $ | 101.3 |  |  | $ | 1,780.1 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Front Street future policyholder benefit liability | $ | — |  |  | $ | — |  |  | $ | 629.0 |  |  | $ | 629.0 |  |  | $ | — |  |  | $ | — |  |  | $ | 629.2 |  |  | $ | 629.2 |
Derivatives: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Embedded derivatives in Front Street's assumed FIA business | — |  |  | — |  |  | 139.9 |  |  | 139.9 |  |  | — |  |  | — |  |  | 142.3 |  |  | 142.3 |
Commodity contracts | — |  |  | 5.1 |  |  | — |  |  | 5.1 |  |  | — |  |  | 5.6 |  |  | — |  |  | 5.6 |
Interest rate contracts | — |  |  | 1.9 |  |  | — |  |  | 1.9 |  |  | — |  |  | 2.6 |  |  | — |  |  | 2.6 |
Foreign exchange contracts | — |  |  | 0.7 |  |  | — |  |  | 0.7 |  |  | — |  |  | 1.6 |  |  | — |  |  | 1.6 |
Total financial liabilities | $ | — |  |  | $ | 7.7 |  |  | $ | 768.9 |  |  | $ | 776.6 |  |  | $ | — |  |  | $ | 9.8 |  |  | $ | 771.5 |  |  | $ | 781.3 |
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, 2015 and September 30, 2015 (as adjusted) were as follows:
|  | Fair Value at |  |  |  |  |  | Range (Weighted average)
Assets |  | December 31, 2015 |  | September 30, 2015 |  | Valuation Technique |  | Unobservable Input(s) |  | December 31, 2015 |  | September 30, 2015
Corporate fixed maturity securities AFS |  | $ | — |  |  | $ | 14.1 |  |  | Broker-quoted |  | Offered quotes |  | —% |  | 83%
Other invested assets |  | — |  |  | 2.8 |  |  | Discounted Cash Flow |  | Probability of collection |  | —% |  | 50%
|  |  |  |  |  |  |  | Discount rate |  | —% |  | 10%
Funds withheld receivables: |  |  |  |  |  |  |  |  |  |  |  |
Fixed maturity and equity securities AFS |  | 33.7 |  |  | 39.5 |  |  | Matrix pricing |  | Quoted prices |  | 100% - 120% (110%) |  | 100% - 122% (112%)
Fixed maturity securities AFS |  | 15.4 |  |  | 19.5 |  |  | Discounted Cash Flow |  | Discount rate |  | 6% - 13% (7%) |  | 6% - 12% (8%)
Fixed maturity securities AFS |  | 11.6 |  |  | 6.7 |  |  | Broker-quoted |  | Offered quotes |  | 98% - 100% (99%) |  | 99% - 103% (101%)
Loan participations |  | 5.3 |  |  | 9.7 |  |  | Market pricing |  | Offered quotes |  | 100% |  | 100%
Policy loans |  | 8.8 |  |  | 9.0 |  |  | Loan value |  | Not applicable |  | 100% |  | 100%
Total |  | $ | 74.8 |  |  | $ | 101.3 |  |  |  |  |  |  |  |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Front Street future policyholder benefit liability |  | $ | 629.0 |  |  | $ | 629.2 |  |  | Discounted cash flow |  | Non-performance risk spread |  | 0.38% |  | 0.16% - 0.46%
|  |  |  |  |  |  |  | Risk margin to reflect uncertainty |  | 0.50% - 1.00% |  | 0.50% - 1.00%
Embedded derivatives in Front Street's assumed FIA business |  | 139.9 |  |  | 142.3 |  |  | Discounted cash flow |  | Market value of option |  | 0% - 29% (1%) |  | 0% - 32% (1%)
|  |  |  |  |  |  |  | SWAP rates |  | 2% |  | 2%
|  |  |  |  |  |  |  | Mortality multiplier |  | 80% |  | 80%
|  |  |  |  |  |  |  | Surrender rates |  | 0.50% - 75% (13%) |  | 0.50% - 75% (13%)
|  |  |  |  |  |  |  | Non-performance risk spread |  | 0.25% |  | 0.25%
Total |  | $ | 768.9 |  |  | $ | 771.5 |  |  |  |  |  |  |  |  |
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, 2015 and 2014. 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, 2015
| Balance at Beginning of Period |  | Total Gains (Losses) |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Corporate fixed maturity securities AFS | $ | 14.1 |  |  | $ | (0.5 | ) |  | $ | — |  |  | $ | — |  |  | $ | (13.6 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |
Other invested assets | 2.8 |  |  | 2.7 |  |  | — |  |  | — |  |  | — |  |  | (5.5 | ) |  | — |  |  | — |
Funds withheld receivables | 84.4 |  |  | (1.4 | ) |  | — |  |  | 5.1 |  |  | (13.3 | ) |  | — |  |  | — |  |  | 74.8 |
Total assets at fair value | $ | 101.3 |  |  | $ | 0.8 |  |  | $ | — |  |  | $ | 5.1 |  |  | $ | (26.9 | ) |  | $ | (5.5 | ) |  | $ | — |  |  | $ | 74.8 |
| Balance at Beginning of Period |  | Total (Gains) Losses |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Front Street future policyholder benefit liability | $ | 629.2 |  |  | $ | (3.7 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3.5 |  |  | $ | — |  |  | $ | 629.0 |
Embedded derivatives in Front Street's assumed FIA business | 142.3 |  |  | (2.4 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 139.9 |
Total liabilities at fair value | $ | 771.5 |  |  | $ | (6.1 | ) |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3.5 |  |  | $ | — |  |  | $ | 768.9 |
| Three months ended December 31, 2014
| Balance at Beginning of Period |  | Total Gains (Losses) |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Contingent purchase price reduction receivable | $ | 41.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 41.5 |
Corporate fixed maturity securities AFS | 16.3 |  |  | — |  |  | (0.5 | ) |  | — |  |  | — |  |  | — |  |  | — |  |  | 15.8 |
Funds withheld receivables | 59.4 |  |  | (0.1 | ) |  | — |  |  | 10.0 |  |  | (4.1 | ) |  | — |  |  | — |  |  | 65.2 |
Total assets at fair value | $ | 117.2 |  |  | $ | (0.1 | ) |  | $ | (0.5 | ) |  | $ | 10.0 |  |  | $ | (4.1 | ) |  | $ | — |  |  | $ | — |  |  | $ | 122.5 |
| Balance at Beginning of Period |  | Total (Gains) Losses |  |  |  |  |  |  |  | Net transfer In (Out) of Level 3 |  | Balance at End of Period
|  | Included in Earnings |  | Included in AOCI |  | Purchases |  | Sales |  | Settlements |  |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Front Street future policyholder benefit liability | $ | 151.3 |  |  | $ | 0.2 |  |  | $ | — |  |  | $ | 346.9 |  |  | $ | — |  |  | $ | (2.0 | ) |  | $ | — |  |  | $ | 496.4 |
Embedded derivatives in Front Street's assumed FIA business | 150.8 |  |  | 6.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 157.0 |
Total liabilities at fair value | $ | 302.1 |  |  | $ | 6.4 |  |  | $ | — |  |  | $ | 346.9 |  |  | $ | — |  |  | $ | (2.0 | ) |  | $ | — |  |  | $ | 653.4 |

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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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