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Fair Value Measurements (Tables)

9 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Schedule of Fair Value of Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table presents our fair value hierarchy for those assets and liabilities measured at fair value on a recurring basis as of September 30, 2019 and December 31, 2018, respectively:

	September 30, 2019
	Level 1				Level 2				Level 3				Total
	(In millions)
Fixed-maturity securities available for sale:
Corporate debt securities	$	—			$	—			$	18.7			$	18.7
Total	$	—			$	—			$	18.7			$	18.7

	December 31, 2018
	Level 1				Level 2				Level 3				Total
	(In millions)
Fixed-maturity securities available for sale:
Corporate debt securities	$	—			$	—			$	17.8			$	17.8
Total	$	—			$	—			$	17.8			$	17.8

Summary of Changes in the Fair Values of Level 3 Assets Measured on a Recurring Basis

The following table presents a summary of the changes in the fair values of Level 3 assets, measured on a recurring basis, for the three and nine months ended September 30, 2019 and 2018 (in millions).

	Three months ended September 30, 2019				Three months ended September 30, 2018
	Corporate debt				Corporate debt
	securities				securities
Fair value, beginning of period	$	17.7			$	21.6
Accretion of original purchase discount (1)	—				0.3
Net valuation gain included in other comprehensive earnings (3)	1.0				1.6
Fair value, end of period	$	18.7			$	23.5

	Nine months ended September 30, 2019				Nine months ended September 30, 2018
	Corporate debt				Corporate debt
	securities				securities
Fair value, beginning of period	$	17.8			$	—
Transfers from Level 2	—				21.4
Paid-in-kind dividends (1)	0.1				0.1
Accretion of original purchase discount (1)	—				0.5
Impairment (2)	(0.4		)		—
Net valuation gain included in other comprehensive earnings (3)	1.2				1.5
Fair value, end of period	$	18.7			$	23.5

_____________________________________

(1) Included in Interest, investment and other income on the Condensed Consolidated Statements of Operations

(2) Included in Realized gains, net on the Condensed Consolidated Statements of Operations

(3) Included in Unrealized gain (loss) on investments and other financial instruments, net (excluding investments in unconsolidated affiliates) on the Condensed Consolidated Statements of Comprehensive Earnings

X

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class 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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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- References

No definition available.

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X

- 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/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258

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