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Investments (Tables) | 9 Months Ended
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Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract] |
Available-for-Sale Securities | The Company’s consolidated investments are summarized as follows:
| June 30, 2016
| Cost or Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Carrying Value
Asset-based loans | $ | 48.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 48.2 |  |  | $ | 48.2 |
Other invested assets | 2.5 |  |  | — |  |  | — |  |  | 2.5 |  |  | 2.5 |
Total Investments | $ | 50.7 |  |  | $ | — |  |  | $ | — |  |  | $ | 50.7 |  |  | $ | 50.7 |
| September 30, 2015
| (As Adjusted)
| Cost or Amortized Cost |  | Gross Unrealized Gains |  | Gross Unrealized Losses |  | Fair Value |  | Carrying Value
Corporate fixed-maturity securities, available-for-sale | $ | 14.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 14.1 |  |  | $ | 14.1 |
Equity securities - held for trading | 18.7 |  |  | 14.1 |  |  | — |  |  | 32.8 |  |  | 32.8 |
Asset-based loans | 226.7 |  |  | — |  |  | — |  |  | 226.7 |  |  | 226.7 |
Other invested assets | 5.3 |  |  | — |  |  | — |  |  | 5.3 |  |  | 5.3 |
Total Investments | $ | 264.8 |  |  | $ | 14.1 |  |  | $ | — |  |  | $ | 278.9 |  |  | $ | 278.9 |
Portfolio of Asset-Backed Loans and Other Invested Assets | s of June 30, 2016 and September 30, 2015, the Company’s portfolio of asset-based loans receivable originated by Salus and its co-lender Front Street consisted of the following:
| June 30, 2016 |  | September 30, 2015
|  |  | (As Adjusted)
Asset-based loans, net of deferred fees, by major industry: |  |  |
Apparel | $ | 34.9 |  |  | $ | 66.0 |
Jewelry | 16.8 |  |  | 36.9 |
Manufacturing | 11.9 |  |  | 32.7 |
Electronics | 5.2 |  |  | 45.9 |
Other | 13.2 |  |  | 93.1 |
Total asset-based loans | 82.0 |  |  | 274.6 |
Less: Allowance for credit losses | 33.8 |  |  | 47.9 |
Total asset-based loans, net | $ | 48.2 |  |  | $ | 226.7 |
Schedule of Allowance for Credit Losses | The following table presents the activity in its allowance for credit losses for the three and nine months ended June 30, 2016 and 2015:
| Three months ended June 30, |  | Nine months ended June 30,
| 2016 |  | 2015 |  | 2016 |  | 2015
Allowance for credit losses: |  |  |  |  |  |  |
Balance at beginning of period | $ | 47.8 |  |  | $ | 22.7 |  |  | $ | 47.9 |  |  | $ | 5.5 |
Provision for credit losses | (11.7 | ) |  | 9.4 |  |  | 2.7 |  |  | 77.7 |
Charge-offs | (5.2 | ) |  | — |  |  | (19.7 | ) |  | (51.1 | )
Recoveries | 2.9 |  |  | — |  |  | 2.9 |  |  | — |
Balance at end of period | $ | 33.8 |  |  | $ | 32.1 |  |  | $ | 33.8 |  |  | $ | 32.1 |
Schedule of Credit Quality of Asset-Based Loan Portfolio |
| Internal Risk Rating
| Pass |  | Special Mention |  | Substandard |  | Doubtful |  | Total
June 30, 2016 | $ | — |  |  | $ | 1.3 |  |  | $ | 11.2 |  |  | $ | 69.5 |  |  | $ | 82.0 |
September 30, 2015 (As Adjusted) | $ | 69.0 |  |  | $ | 32.4 |  |  | $ | 74.0 |  |  | $ | 99.2 |  |  | $ | 274.6 |

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- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524 + Details
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- Definition Tabular disclosure of available-for-sale securities which includes, but is not limited to, changes in the cost basis and fair value, fair value and gross unrealized gain (loss), fair values by type of security, contractual maturity and classification, amortized cost basis, contracts to acquire securities to be accounted for as available-for-sale, debt maturities, transfers to trading, change in net unrealized holding gain (loss) net of tax, continuous unrealized loss position fair value, aggregate losses qualitative disclosures, other than temporary impairment (OTTI) losses or other disclosures related to available for sale securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62557-112803 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27337-111563 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27198-111563 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6957658&loc=d3e62586-112803 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27161-111563 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27357-111563 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=27724398&loc=d3e27290-111563 + Details
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- Definition Tabular disclosure of financing receivables by credit quality indicator. The credit quality indicator is a statistic about the credit quality of financing receivables. Examples include, but not limited to, consumer credit risk scores, credit-rating-agency ratings, an entity's internal credit risk grades, loan-to-value ratios, collateral, collection experience and other internal metrics. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 55 -Paragraph 19 -URI http://asc.fasb.org/extlink&oid=32702940&loc=SL6953803-111525 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953659-111524 + Details
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