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Acquisitions, Dispositions, and Deconsolidations (Tables) | 6 Months Ended
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Jun. 30, 2019
Business Combinations [Abstract] |
Schedule of Purchase Price Allocation | The preliminary allocation of the fair value of consideration transferred among the identified assets acquired, liabilities assumed and bargain purchase gain are summarized as follows (in millions):
Fixed maturity securities, available-for-sale at fair value |  | $ | 1,575.4 |
Equity securities |  | 0.3 |
Mortgage loans |  | 0.9 |
Policy loans |  | 2.9 |
Cash and cash equivalents |  | 806.6 |
Recoverable from reinsurers |  | 902.5 |
Other assets |  | 28.2 |
Total assets acquired |  | 3,316.8 |
Life, accident and health reserves |  | (2,931.3 | )
Annuity reserves |  | (11.3 | )
Value of business acquired |  | (214.4 | )
Accounts payable and other current liabilities |  | (6.5 | )
Deferred tax liability |  | (25.3 | )
Other liabilities |  | (11.5 | )
Total liabilities assumed |  | (3,200.3 | )
Total net assets acquired |  | 116.5 |
Total fair value of consideration |  | — |
Gain on bargain purchase |  | $ | 116.5 |
The preliminary allocation of the fair value of consideration transferred among the identified assets acquired, liabilities assumed, intangibles and residual goodwill are summarized as follows (in millions):
Other invested assets |  | $ | 0.9 |
Cash and cash equivalents |  | 8.6 |
Accounts receivable |  | 28.8 |
Property, plant and equipment |  | 15.4 |
Goodwill |  | 50.7 |
Intangibles |  | 44.1 |
Other assets |  | 18.9 |
Total assets acquired |  | 167.4 |
Accounts payable and other current liabilities |  | (23.7 | )
Other liabilities |  | (3.9 | )
Total liabilities assumed |  | (27.6 | )
Total net assets acquired |  | $ | 139.8 |
Business Acquisition, Pro Forma Information | The following schedule presents unaudited consolidated pro forma results of operations data as if the acquisition of KMG had occurred on January 1, 2018. This information does not purport to be indicative of the actual results that would have occurred if the acquisitions had actually been completed on the date indicated, nor is it necessarily indicative of the future operating results or the financial position of the combined company (in millions):
|  | Three Months Ended June 30, 2018 |  | Six Months Ended June 30, 2018
Net revenue |  | $ | 571.8 |  |  | $ | 1,072.4 |
Net income (loss) from operations |  | $ | 38.9 |  |  | $ | 52.4 |
Net income (loss) attributable to HC2 Holdings, Inc. |  | $ | 89.6 |  |  | $ | 75.7 |

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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=116869197&loc=d3e4845-128472 + Details
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