XML 32 R18.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions
6 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions
FGL has invested in CLO securities issued by Fortress Credit Opportunities III CLO LP (“FCO III”) and also invested in securities issued by Fortress Credit BSL Limited (“Fortress BSL”). The parent of both FCO III and Fortress BSL is Fortress Investment Group LLC (“Fortress”), which has acquired interests greater than 10% ownership in HRG as of March 31, 2017. Such CLOs had an aggregate total carrying value of $275.2 and $203.2 as of March 31, 2017 and September 30, 2016, respectively, of which $18.5 and $18.0, respectively, was included in the funds withheld receivables portfolio of Front Street. The Company’s net investment income from such securities was $3.1 and $6.1 for the three and six months ended March 31, 2017, respectively, of which $0.3 and $0.6, respectively, was included in “Net investment income”, and the remaining $2.8 and $5.5, respectively, was included in “(Loss) income from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations. For the three and six months ended March 31, 2016, the Company’s net investment income from such securities was $2.3 and $4.5, respectively, of which $0.2 and $0.5, respectively, was included in “Net investment income”, and the remaining $2.0 and $4.0, respectively, was included in “(Loss) income from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations.