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Divestitures Divestitures - Schedule of components of net income (loss) from discontinued operations (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Sep. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Document Fiscal Year Focus     2016    
Funds Withheld Receivable $ 1,661.0   $ 1,661.0   $ 1,710.1
Other assets 148.4   148.4   134.3
Disposal Group, Including Discontinued Operation, Assets, Current 26,164.9   26,164.9   24,984.5
Assets 35,810.8   35,810.8   35,034.0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (208.4) $ 102.9 (257.1) $ 125.7  
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent       125.7  
Insurance reserves 1,752.1   1,752.1   1,856.0
Debt 5,944.5   5,944.5   6,310.5 [1],[2]
Accounts payable and other current liabilities 902.4   902.4   1,095.6
Other liabilities 64.3   64.3   95.5
Disposal Group, Including Discontinued Operation, Liabilities, Current 24,556.1   24,556.1   23,420.9
Total liabilities 34,122.2   34,122.2   33,445.9
FGL [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 269.1 329.3 834.6 838.1  
Disposal Group, Including Discontinued Operation, Benefits and other changes in policy reserves 216.3 78.5 585.3 474.1  
Disposal Group, Including Discontinued Operation, General and Administrative Expense 25.6 27.2 82.2 84.8  
Disposal Group, Including Discontinued Operation, Depreciation and Amortization 7.4 77.4 41.3 85.7  
Disposal Group, Including Discontinued Operation, Operating Expense 249.3 183.1 708.8 644.6  
Disposal Group, Including Discontinued Operation, Operating Income (Loss) 19.8 146.2 125.8 193.5  
Disposal Group, Including Discontinued Operation, Interest Expense (5.1) (5.9) (16.9) (17.7)  
Disposal Group, Including Discontinued Operation, Other Income 1.9   4.4    
Disposal Group, Including Discontinued Operation, Other Expense   2.1   2.9  
Discontinued Operation, Provision for Loss (Gain) on Disposal, Net of Tax (217.2) 0.0 (240.7) 0.0  
Discontinued Operation, Income (Loss) from Discontinued Operation, before Income Tax (200.6) 142.4 (127.4) 172.9  
Discontinued Operation, Tax Effect of Discontinued Operation [3] 7.8 39.5 129.7 47.2  
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest (208.4) 102.9 (257.1) 125.7  
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Noncontrolling Interest 1.9 16.6 13.1 17.1  
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent (210.3) 86.3 (270.2) 108.6  
FGL [Member] | Insurance Premiums [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 20.8 17.2 52.4 43.0  
FGL [Member] | Investment Income [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue [4] 236.3 212.1 685.2 628.1  
FGL [Member] | Gain (Loss) on Investments [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue [5] (21.0) 76.8 3.5 101.9  
FGL [Member] | Insurance and investment product fees [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Disposal Group, Including Discontinued Operation, Revenue 33.0 $ 23.2 93.5 $ 65.1  
Majority-Owned Subsidiary, Unconsolidated [Member] | FGL [Member]          
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]          
Funds Withheld Receivable 1,011.2   1,011.2   1,058.0
Other assets 15.4   15.4   15.9
Disposal Group, Including Discontinued Operation, Assets, Current 1,531.2   1,531.2   1,769.8
Assets 2,557.8   2,557.8   2,843.7
Insurance reserves 1,143.2   1,143.2   1,226.8
Debt 198.9   198.9   330.7
Accounts payable and other current liabilities 0.3   0.3   1.6
Other liabilities 9.6   9.6   11.0
Disposal Group, Including Discontinued Operation, Liabilities, Current 1,205.8   1,205.8   1,273.6
Total liabilities $ 2,557.8   $ 2,557.8   $ 2,843.7
[1] 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.
[2] The fair values of debt set forth above are generally based on quoted or observed market prices.
[3] (c) Included in the income tax expense for the nine months ended June 30, 2016 was a $90.9 of net income tax expense related to the establishment of a deferred tax liability of $253.0 at June 30, 2016 as a result of classifying the Company’s ownership interest in FGL as held for sale. The deferred tax liability was partially offset by a $162.1 reduction of valuation allowance on HRG’s net operating and capital loss carryforwards expected to offset the FGL taxable gain at June 30, 2016. The remaining liability is expected to be offset by current year losses recognized in continuing operations except for $15.0 of estimated alternative minimum taxes.
[4] (a) Included in the net investment income attributable to FGL is interest income of $1.1 for the three months ended June 30, 2016 and 2015 and $3.4 for the nine months ended June 30, 2016 and 2015 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 in the accompanying Condensed Consolidated Statements of Operations.
[5] (b) Included in “Net investments (losses) gains” are charges related to the change in expected recovery rates of asset-based loans. Such charges are presented as “Impairments and bad debt expense” on the Company’s accompanying Condensed Consolidated Statements of Operations.