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Divestitures Divestitures - Schedule of assets and liabilities held for sale (Tables)
 6 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]    
Disposal Groups, Including Discontinued Operations [Table Text Block]
The following table summarizes the components of “Net (loss) income from discontinued operations” in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended March 31, 2017 and 2016:
 
Three months ended March 31,
 
Six months ended March 31,
 
2017
 
2016
 
2017
 
2016
Revenues:
 
 
 
 
 
 
 
Insurance premiums
$
2.7

 
$
16.2

 
$
13.8

 
$
31.6

Net investment income
246.4

 
226.7

 
486.2

 
448.9

Net investment gains (losses)
80.0

 
(39.2
)
 
136.3

 
27.0

Insurance and investment product fees and other
43.9

 
31.7

 
82.2

 
60.5

Total revenues
373.0

 
235.4

 
718.5

 
568.0

Operating costs and expenses:
 
 
 
 
 
 
 
Benefits and other changes in policy reserves
268.0

 
188.1

 
287.9

 
369.0

Selling, acquisition, operating and general expenses
32.6

 
28.4

 
60.9

 
56.6

Amortization of intangibles
36.5

 
0.4

 
156.5

 
33.9

Total operating costs and expenses
337.1

 
216.9

 
505.3

 
459.5

Operating income
35.9

 
18.5

 
213.2

 
108.5

Interest expense
(6.0
)
 
(5.9
)
 
(12.1
)
 
(11.8
)
(Write-down) write-up of assets of business held for sale to fair value less cost to sell
(72.8
)
 
(23.5
)
 
71.7

 
(23.5
)
Net (loss) income before income taxes
(42.9
)
 
(10.9
)
 
272.8

 
73.2

Income tax expense (a)
11.5

 
2.2

 
68.4

 
121.9

Net (loss) income
(54.4
)
 
(13.1
)
 
204.4

 
(48.7
)
Less: net income attributable to noncontrolling interest
6.4

 
1.8

 
27.5

 
11.2

Net (loss) income - attributable to controlling interest
$
(60.8
)
 
$
(14.9
)
 
$
176.9

 
$
(59.9
)

(a) Included in the income tax expense for the six months ended March 31, 2016 was a $90.9 of net income tax expense related to the establishment of a deferred tax liability of $328.6 at March 31, 2016, which was a result of classifying the Company’s ownership interest in FGL as held for sale. The deferred tax liability was partially offset by a $237.7 reduction of valuation allowance on HRG’s net operating and capital loss carryforwards expected to offset the FGL taxable gain at March 31, 2016. The remaining liability is expected to be offset by current year losses recognized in continuing operations except for the $13.2 of estimated alternative minimum taxes.
The following table summarizes the components of “(Loss) income from discontinued operations, net of tax” in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended March 31, 2017 and 2016:
 
Three months ended March 31,
 
Six months ended March 31,
 
2017
 
2016
 
2017
 
2016
(Loss) income from discontinued operations, net of tax attributable to FGL
$
(54.4
)
 
$
(13.1
)
 
$
204.4

 
$
(48.7
)
Loss from discontinued operations, net of tax attributable to Compass Production Partners, LP (“Compass”)
—

 
(34.5
)
 
—

 
(1.4
)
(Loss) income from discontinued operations, net of tax
$
(54.4
)
 
$
(47.6
)
 
$
204.4

 
$
(50.1
)
Below is a summary of the impact of such intercompany balances in the accompanying Condensed Consolidated Balance Sheets:
 
March 31,
2017
 
September 30,
2016
Assets
 
 
 
Funds withheld receivable
$
938.6

 
$
978.8

Other assets
14.8

 
15.1

Assets of business held for sale
1,310.6

 
1,375.5

Total assets
$
2,264.0

 
$
2,369.4

Liabilities
 
 
 
Insurance reserves
$
1,067.0

 
$
1,119.5

Debt
51.8

 
63.0

Liabilities of business held for sale
1,145.2

 
1,186.9

Total liabilities
$
2,264.0

 
$
2,369.4

The following table summarizes the major categories of assets and liabilities of FGL classified as held for sale in the accompanying Condensed Consolidated Balance Sheets at March 31, 2017 and September 30, 2016:
 
March 31,
2017
 
September 30,
2016
Assets
 
 
 
Investments, including loans and receivables from affiliates
$
21,937.5

 
$
21,140.9

Cash and cash equivalents
887.4

 
863.9

Accrued investment income
224.5

 
213.7

Reinsurance recoverable
3,426.3

 
3,463.9

Deferred tax assets
68.0

 
—

Properties, plant and equipment, net
22.2

 
18.5

Deferred acquisition costs and value of business acquired, net
1,222.7

 
1,065.5

Other assets
181.0

 
335.1

Write-down of assets of business held for sale to fair value less cost to sell
(291.1
)
 
(362.8
)
Total assets of business held for sale
$
27,678.5

 
$
26,738.7

Liabilities
 
 
 
Insurance reserves
$
24,680.8

 
$
23,944.6

Debt
405.0

 
398.8

Accounts payable and other current liabilities
136.7

 
57.0

Deferred tax liabilities
—

 
9.9

Other liabilities
773.2

 
689.9

Total liabilities of business held for sale
$
25,995.7

 
$
25,100.2
The following table summarizes the components of “Net (loss) income from discontinued operations” attributable to Compass in the accompanying Condensed Consolidated Statements of Operations for the three and six months ended March 31, 2016.
 
Three months ended
 
Six months ended
 
March 31, 2016
Revenues:
 
 
 
Oil and natural gas revenues
$
9.5

 
$
26.3

 
 
 
 
Operating costs and expenses:
 
 
 
Oil and natural gas direct operating costs
9.2

 
26.3

Selling, acquisition, operating and general expenses
5.8

 
15.6

Impairments
21.2

 
75.6

Total operating costs and expenses
36.2

 
117.5

Operating loss
(26.7
)
 
(91.2
)
Interest expense
(1.4
)
 
(3.7
)
Gain on sale of oil and gas properties
—

 
105.6

Other income, net
0.5

 
2.3

Net (loss) income before income taxes
(27.6
)
 
13.0

Income tax expense
6.9

 
14.4

Net loss
$
(34.5
)
 
$
(1.4
)