Phoenix Companies (PNX) 10-Q 17 Oct 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Oct. 15, 2014
Document And Entity Information	'	'
Entity Registrant Name	'PHOENIX COMPANIES INC/DE	'
Entity Central Index Key	'0001129633	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	5.7
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Consolidated_Unaudited_Balance

Consolidated Unaudited Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
ASSETS:	'	'
Available-for-sale debt securities, at fair value (amortized cost of $11,443.3 and $11,418.0)	$12,002.10	$11,808.60
Available-for-sale equity securities, at fair value (cost of $40.8 and $40.4)	64.1	61.8
Short-term investments	571	361.6
Limited partnerships and other investments	569.5	561.9
Policy loans, at unpaid principal balances	2,353.70	2,350.30
Derivative instruments	172.7	243.1
Fair value investments	215.2	210.8
Total investments	15,948.30	15,598.10
Cash and cash equivalents	424.5	496.4
Accrued investment income	176	170.4
Reinsurance recoverable	616	603.3
Deferred policy acquisition costs	892.4	940.6
Deferred income taxes, net	47.4	70
Other assets	278.8	299.9
Discontinued operations assets	41.4	43.6
Separate account assets	3,308	3,402.30
Total assets	21,732.80	21,624.60
LIABILITIES:	'	'
Policy liabilities and accruals	12,425.80	12,437.60
Policyholder deposit funds	3,540	3,429.70
Dividend obligations	819.8	705.9
Indebtedness	378.8	378.8
Pension and postretirement liabilities	309.4	315.9
Other liabilities	373	333
Discontinued operations liabilities	36.7	37.7
Separate account liabilities	3,308	3,402.30
Total liabilities	21,191.50	21,040.90
CONTINGENCIES AND COMMITMENTS (Notes 20 & 21)	'	'
STOCKHOLDERS’ EQUITY:	'	'
Common stock, $.01 par value: 5.7 million and 5.7 million shares outstanding	0.1	0.1
Additional paid-in capital	2,633.10	2,633.10
Accumulated other comprehensive income (loss)	-195.4	-185.2
Accumulated deficit	-1,725.40	-1,692.10
Treasury stock, at cost: 0.7 million and 0.7 million shares	-182.9	-182.9
Total The Phoenix Companies, Inc. stockholders’ equity	529.5	573
Noncontrolling interests	11.8	10.7
Total stockholders’ equity	541.3	583.7
Total liabilities and stockholders’ equity	$21,732.80	$21,624.60

Consolidated_Unaudited_Balance1

Consolidated Unaudited Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, except Per Share data, unless otherwise specified
Statement of Financial Position [Abstract]	'	'
Available-for-sale debt securities, amortized cost	$11,443.30	$11,418
Available-for-sale equity securities, at cost	$40.80	$40.40
Common stock par value (USD per share)	$0.01	$0.01
Shares outstanding (in shares)	5.7	5.7
Treasury Stock (in shares)	0.7	0.7

Consolidated_Interim_Unaudited

Consolidated Interim Unaudited Statements of Income and Comprehensive Income (USD $)	3 Months Ended
In Millions, except Share data in Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
REVENUES	'	'
Premiums	$79.60	$82.70
Fee income	134.8	136.3
Net investment income	213.5	191.1
Net realized investment gains (losses):	'	'
Total other-than-temporary impairment (“OTTI”) losses	0	-0.9
Portion of OTTI gains (losses) recognized in other comprehensive income (“OCI”)	-0.2	-1.7
Net OTTI losses recognized in earnings	-0.2	-2.6
Net realized investment gains (losses), excluding OTTI losses	-25.5	-13.3
Net realized investment gains (losses)	-25.7	-15.9
Total revenues	402.2	394.2
BENEFITS AND EXPENSES:	'	'
Policy benefits	236	318.8
Policyholder dividends	73.8	4.4
Policy acquisition cost amortization	22.4	45.3
Interest expense on indebtedness	7.1	7.7
Other operating expenses	97.9	80.8
Total benefits and expenses	437.2	457
Income (loss) from continuing operations before income taxes	-35	-62.8
Income tax expense (benefit)	-3.6	4.2
Income (loss) from continuing operations	-31.4	-67
Income (loss) from discontinued operations, net of income taxes	-0.9	-1.8
Net income (loss)	-32.3	-68.8
Less: Net income (loss) attributable to noncontrolling interests	1	-0.1
Net income (loss) attributable to The Phoenix Companies, Inc.	-33.3	-68.7
COMPREHENSIVE INCOME (LOSS):	'	'
Net income (loss) attributable to The Phoenix Companies, Inc.	-33.3	-68.7
Less: Net income (loss) attributable to noncontrolling interests	1	-0.1
Net income (loss)	-32.3	-68.8
Other comprehensive income (loss) before income taxes:	'	'
Unrealized investment gains (losses), net of related offsets	16.9	-7.5
Net pension liability adjustment	1.6	3.8
Other comprehensive income (loss) before income taxes	18.5	-3.7
Less: Income tax expense (benefit) related to:	'	'
Unrealized investment gains (losses), net of related offsets	28.7	7.8
Net pension liability adjustment	0	0
Total income tax expense (benefit)	28.7	7.8
Other comprehensive income (loss), net of income taxes	-10.2	-11.5
Comprehensive income (loss)	-42.5	-80.3
Less: Comprehensive income (loss) attributable to noncontrolling interests	1	-0.1
Comprehensive income (loss)	($43.50)	($80.20)
EARNINGS (LOSS) PER SHARE:	'	'
Income (loss) from continuing operations – basic (USD per share)	($5.47)	($11.72)
Income (loss) from continuing operations – diluted (USD per share)	($5.47)	($11.72)
Income (loss) from discontinued operations – basic (USD per share)	($0.16)	($0.31)
Income (loss) from discontinued operations – diluted (USD per share)	($0.16)	($0.31)
Net income (loss) attributable to The Phoenix Companies, Inc.– basic (USD per share)	($5.80)	($12.02)
Net income (loss) attributable to The Phoenix Companies, Inc. – diluted (USD per share)	($5.80)	($12.02)
Basic weighted-average common shares outstanding (in shares)	5,742	5,715
Diluted weighted-average common shares outstanding (in shares)	5,742	5,715

Consolidated_Interim_Unaudited1

Consolidated Interim Unaudited Statements of Cash Flows (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES:	'	'
Net income (loss)	($33.30)	($68.70)
Net realized investment gains / losses	25.7	15.9
Policy acquisition costs deferred	-14.4	-14.9
Policy acquisition cost amortization	22.4	45.3
Amortization and depreciation	1.5	2.2
Interest credited	35.6	30.5
Equity in earnings of limited partnerships and other investments	-23.8	-8.7
Change in:	'	'
Accrued investment income	-43.3	-45.8
Deferred income taxes, net	-6.1	0
Reinsurance recoverable	-12.2	-11
Policy liabilities and accruals	-137.6	-116.8
Dividend obligations	31.8	-39.4
Pension and postretirement liabilities	-4.9	-0.8
Impact of operating activities of consolidated investment entities, net	-5.6	1.4
Other operating activities, net	23.9	24.2
Cash provided by (used for) operating activities	-140.3	-186.6
Purchases of:	'	'
Available-for-sale debt securities	-338.5	-394.1
Available-for-sale equity securities	-1.7	0
Short-term investments	-649.3	-699.5
Derivative instruments	-17.8	-44.8
Fair value and other investments	-0.3	-14.9
Sales, repayments and maturities of:	'	'
Available-for-sale debt securities	338.8	428.4
Available-for-sale equity securities	3	1.1
Short-term investments	489.8	699.7
Derivative instruments	42.1	12.5
Fair value and other investments	2.8	4.6
Contributions to limited partnerships and limited liability corporations	-18.2	-9.8
Distributions from limited partnerships and limited liability corporations	30.3	33.6
Policy loans, net	32	49.5
Impact of investing activities of consolidated investment entities, net	0	0
Other investing activities, net	-2	-0.8
Cash provided by (used for) investing activities	-89	65.5
FINANCING ACTIVITIES:	'	'
Policyholder deposits	361.3	362.9
Policyholder withdrawals	-321.5	-282.7
Net transfers to/from separate accounts	118.2	89.5
Impact of financing activities of consolidated investment entities, net	0.1	0.6
Other financing activities, net	0	0
Cash provided by (used for) financing activities	158.1	170.3
Change in cash and cash equivalents	-71.2	49.2
Change in cash included in discontinued operations assets	-0.7	-0.4
Cash and cash equivalents, beginning of period	496.4	246.4
Cash and cash equivalents, end of period	424.5	295.2
Supplemental Disclosure of Cash Flow Information	'	'
Income taxes paid (refunded)	0	-0.1
Interest expense on indebtedness paid	-4.7	-4.7
Non-Cash Transactions During the Year	'	'
Investment exchanges	$13	$37.70

Consolidated_Interim_Unaudited2

Consolidated Interim Unaudited Statements of Changes in Stockholders' Equity (USD $)	Total	COMMON STOCK:	ADDITIONAL PAID-IN CAPITAL:	ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS):	ACCUMULATED DEFICIT:	TREASURY STOCK, AT COST:	TOTAL STOCKHOLDERS’ EQUITY ATTRIBUTABLE TO THE PHOENIX COMPANIES, INC.:	NONCONTROLLING INTERESTS:
In Millions, unless otherwise specified
Balance, beginning of period at Dec. 31, 2012	$510.50	$0.10	$2,633.10	($249.30)	($1,697.20)	($182.90)	$503.80	$6.70
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'	'
Issuance of shares and compensation expense on stock compensation awards	'	'	-0.2	'	'	'	'	'
Other comprehensive income (loss)	-11.5	'	'	-11.5	'	'	'	'
Net income (loss)	-68.7	'	'	'	-68.7	'	'	'
Change in stockholders’ equity attributable to The Phoenix Companies, Inc.	-79.9	'	'	'	'	'	-80.4	0.5
Balance, end of period at Mar. 31, 2013	430.6	0.1	2,632.90	-260.8	-1,765.90	-182.9	423.4	7.2
Balance, beginning of period at Dec. 31, 2013	583.7	0.1	2,633.10	-185.2	-1,692.10	-182.9	573	10.7
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'	'
Issuance of shares and compensation expense on stock compensation awards	'	'	0	'	'	'	'	'
Other comprehensive income (loss)	-10.2	'	'	-10.2	'	'	'	'
Net income (loss)	-33.3	'	'	'	-33.3	'	'	'
Change in stockholders’ equity attributable to The Phoenix Companies, Inc.	-42.4	'	'	'	'	'	-43.5	1.1
Balance, end of period at Mar. 31, 2014	$541.30	$0.10	$2,633.10	($195.40)	($1,725.40)	($182.90)	$529.50	$11.80

Organization_and_Description_o

Organization and Description of Business	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization and Description of Business	'
	Organization and Description of Business
	The Phoenix Companies, Inc. (“we,” “our,” “us,” the “Company,” “PNX” or “Phoenix”) is a holding company and our operations are conducted through subsidiaries, principally Phoenix Life Insurance Company (“Phoenix Life”) and PHL Variable Insurance Company (“PHL Variable”), collectively with Phoenix Life and Phoenix Life and Annuity Company and American Phoenix Life and Reassurance, they are our “Life Companies.” We provide life insurance and annuity products through independent agents and financial advisors. Our policyholder base includes both affluent and middle market consumers, with our more recent business concentrated in the middle market. Most of our life insurance in force is permanent life insurance insuring one or more lives. Our annuity products include fixed and variable annuities with a variety of death benefit and guaranteed living benefit options.
	We operate two businesses segments: Life and Annuity and Saybrus Partners, Inc. (“Saybrus”). The Life and Annuity segment includes individual life insurance and annuity products, including our closed block. Saybrus provides dedicated life insurance and other consulting services to financial advisors in partner companies, as well as support for sales of Phoenix’s product line through independent distribution organizations.

Basis_of_Presentation_and_Sign

Basis of Presentation and Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies	'
	Basis of Presentation and Significant Accounting Policies
	We have prepared these consolidated interim unaudited financial statements in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”), which differs materially from the accounting practices prescribed by various insurance regulatory authorities. Our consolidated interim unaudited financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidating these interim unaudited financial statements.
	Certain prior year amounts have been reclassified to conform to the current year presentation. These consolidated interim unaudited financial statements include all adjustments (consisting primarily of accruals) considered necessary for the fair statement of the consolidated balance sheets, consolidated statements of income and comprehensive income, consolidated statements of cash flows and consolidated statements of changes in stockholders’ equity for the interim periods. Certain financial information that is not required for interim reporting has been omitted. Financial results for the three months ended March 31, 2014 are not necessarily indicative of full year results. Results for the quarter ended March 31, 2014 include $1.5 million of income related to out-of-period adjustments. Such amounts are not material to any period presented. These consolidated interim unaudited financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2013 contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”).
	Use of estimates
	In preparing these consolidated interim unaudited financial statements in conformity with U.S. GAAP, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated interim unaudited financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions are made in the determination of estimated gross profits (“EGPs”) and estimated gross margins (“EGMs”) used in the valuation and amortization of assets and liabilities associated with universal life and annuity contracts; policyholder liabilities and accruals; valuation of investments in debt and equity securities; limited partnerships and other investments; valuation of deferred tax assets; pension and other post-employment benefits liabilities; and accruals for contingent liabilities. Certain of these estimates are particularly sensitive to market conditions and/or volatility in the debt or equity markets could have a material impact on the consolidated interim unaudited financial statements. Actual results could differ from these estimates.
	Adoption of new accounting standards
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or Tax Credit Carryforward Exists
	In July 2013, the FASB issued updated guidance regarding the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This new guidance was effective for interim or annual reporting periods beginning after December 15, 2013. This new guidance did not have a material impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Investment Companies: Amendments to the Scope, Measurement and Disclosure Requirements
	In June 2013, the Financial Accounting Standards Board (the “FASB”) issued updated guidance clarifying the characteristics of an investment company and requiring new disclosures. This new guidance was effective for interim or annual reporting periods beginning after December 15, 2013. Under the guidance, all entities regulated under the Investment Company Act of 1940 automatically qualify as investment companies, while all other entities need to consider both the fundamental and typical characteristics of an investment company in determining whether they qualify as investment companies. This new guidance did not have a material impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Obligations Resulting for Joint and Several Liability Agreements for Which the Total Amount of the Obligation is Fixed at the Reporting Date
	In February 2013, the FASB issued new guidance regarding liabilities (“ASU 2013-04,” Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date), effective retrospectively for fiscal years beginning after December 15, 2013 and interim periods within those years. The amendments require an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. In addition, the amendments require an entity to disclose the nature and amount of the obligation, as well as other information about the obligation. This new guidance did not have a material impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Accounting standards not yet adopted
	Our accounting standards not yet adopted are presented in the notes to our consolidated financial statements for the year ended December 31, 2013 contained in the 2013 Form 10-K. There have been no changes since the filing of the year end December 31, 2013 consolidated financial statements discussed above other than as noted below.
	Presentation of Financial Statements - Going Concern
	In August 2014, the FASB issued guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The new guidance applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Consolidation - Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity
	In August 2014, the FASB issued guidance allowing (i.e., not requiring) a reporting entity to measure the financial assets and financial liabilities of a consolidated collateralized financing entity, within the scope of the new guidance, based on either the fair value of the financial assets or financial liabilities, whichever is more observable (referred to as a “measurement alternative”). The new guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 for public business entities. Early adoption will be permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Revenue from Contracts with Customers
	In May 2014, the FASB issued updated guidance on accounting for revenue recognition. The guidance is based on the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from cost incurred to obtain or fulfill a contract. Revenue recognition for insurance contracts is explicitly scoped out of the guidance. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2016, and must be applied using one of two retrospective application methods. Early adoption is not permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Significant Accounting Policies
	Our significant accounting policies are presented in the notes to our consolidated financial statements for the year ended December 31, 2013 contained in the 2013 Form 10-K.

Reinsurance

Reinsurance	3 Months Ended
	Mar. 31, 2014
Insurance [Abstract]	'
Reinsurance	'
	Reinsurance
	Reinsurance recoverable includes balances due from reinsurers for paid and unpaid losses and is presented net of an allowance for uncollectable reinsurance. The reinsurance recoverable balance is $616.0 million and $603.3 million as of March 31, 2014 and December 31, 2013, respectively. Other reinsurance activity is shown below.
	Direct Business and Reinsurance in Continuing Operations:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Direct premiums	$	115.8		$	121.4
	Premiums assumed from reinsureds	1.8			2.6
	Premiums ceded to reinsurers [1]	(38.0		)	(41.3		)
	Premiums	$	79.6		$	82.7
	Percentage of amount assumed to net premiums	2.30%			3.10%
	Direct policy benefits incurred	$	179.5		$	219.6
	Policy benefits assumed from reinsureds	12.6			7.5
	Policy benefits ceded to reinsurers	(68.7		)	(65.2		)
	Premiums paid to reinsurers [2]	22.3			11.3
	Policy benefits [3]	$	145.7		$	173.2
	———————
	[1]	Primarily represents premiums ceded to reinsurers related to traditional life and term insurance policies.
	[2]	For universal life and variable universal life contracts, premiums paid to reinsurers are reflected within policy benefits. See Note 2 to these consolidated interim unaudited financial statements for additional information regarding significant accounting policies.
	[3]	Policy benefit amounts above exclude changes in reserves, interest credited to policyholders and other items, which total $90.3 million and $145.6 million, net of reinsurance, for the three months ended March 31, 2014 and 2013, respectively.
	We remain liable to the extent that reinsuring companies may not be able to meet their obligations under reinsurance agreements in effect. Failure of the reinsurers to honor their obligations could result in losses to the Company. Since we bear the risk of nonpayment, on a quarterly basis we evaluate the financial condition of our reinsurers and monitor concentrations of credit risk. Based on our review of their financial statements, reputation in the reinsurance marketplace and other relevant information, we believe that we have no material exposure to uncollectible life reinsurance. At March 31, 2014, five major reinsurance companies account for approximately 65% of the reinsurance recoverable.

Demutualization_and_Closed_Blo

Demutualization and Closed Block	3 Months Ended
	Mar. 31, 2014
Insurance [Abstract]	'
Demutualization and Closed Block	'
	Demutualization and Closed Block
	In 1999, we began the process of reorganizing and demutualizing our then principal operating company, Phoenix Home Life. We completed the process in June 2001, when all policyholder membership interests in this mutual company were extinguished and eligible policyholders of the mutual company received shares of common stock of The Phoenix Companies, Inc., together with cash and policy credits, as compensation. To protect the future dividends of these policyholders, we also established a closed block for their existing policies.
	Because closed block liabilities exceed closed block assets, we have a net closed block liability at March 31, 2014 and December 31, 2013, respectively. This net liability represents the maximum future earnings contribution to be recognized from the closed block and the change in this net liability each period is in the earnings contribution recognized from the closed block for the period. To the extent that actual cash flows differ from amounts anticipated, we may adjust policyholder dividends. If the closed block has excess funds, those funds will be available only to the closed block policyholders. However, if the closed block has insufficient funds to make policy benefit payments that are guaranteed, the payments will be made from assets outside of the closed block.
	Closed Block Assets and Liabilities as of:	31-Mar-14			31-Dec-13
	($ in millions)							Inception
	Available-for-sale debt securities	$	5,828.30		$	5,804.60		$	4,773.10
	Available-for-sale equity securities	26.4			25.8			—
	Short-term investments	161.7			106.9			—
	Limited partnerships and other investments	351.6			345.3			399
	Policy loans	1,188.10			1,201.60			1,380.00
	Fair value investments	43.5			40.3			—
	Total closed block investments	7,599.60			7,524.50			6,552.10
	Cash and cash equivalents	57.7			78.2			—
	Accrued investment income	82			81.7			106.8
	Reinsurance recoverable	35.6			26.8			—
	Deferred income taxes	276.2			284.9			389.4
	Other closed block assets	65.2			58.2			41.4
	Total closed block assets	8,116.30			8,054.30			7,089.70
	Policy liabilities and accruals	8,173.70			8,257.20			8,301.70
	Policyholder dividends payable	209.1			207.8			325.1
	Policy dividend obligation	610.5			497.9			—
	Other closed block liabilities	112.1			65.5			12.3
	Total closed block liabilities	9,105.40			9,028.40			8,639.10
	Excess of closed block liabilities over closed block assets [1]	989.1			974.1			$	1,549.40
	Less: Excess of closed block assets over closed block liabilities	(7.9		)	(7.4		)
	attributable to noncontrolling interests
	Excess of closed block liabilities over closed block assets attributable to	$	997		$	981.5
	The Phoenix Companies, Inc.
	———————
	[1]	The maximum future earnings summary to inure to the benefit of the stockholders is represented by the excess of closed block liabilities over closed block assets. All unrealized investment gains (losses), net of income tax, have been allocated to the policyholder dividend obligation.
	Closed Block Revenues and Expenses and Changes in	Three Months Ended
	Policyholder Dividend Obligations:	March 31,
	($ in millions)	2014			2013
	Closed block revenues
	Premiums	$	72.8		$	75.5
	Net investment income	108.8			99.1
	Net realized investment gains (losses)	5.3			3.4
	Total revenues	186.9			178
	Policy benefits	104.4			162.8
	Other operating expenses	(0.7		)	1.3
	Total benefits and expenses	103.7			164.1
	Closed block contribution to income before dividends and income taxes	83.2			13.9
	Policyholder dividends	(73.8		)	(4.3		)
	Closed block contribution to income before income taxes	9.4			9.6
	Applicable income tax expense	3.3			3.4
	Closed block contribution to income	6.1			6.2
	Less: Closed block contribution to income attributable to noncontrolling interests	0.5			(0.1		)
	Closed block contribution to income attributable to The Phoenix Companies, Inc.	$	5.6		$	6.3
	Closed Block Policyholder Dividend Obligation as of:	31-Mar-14			31-Dec-13
	($ in millions)
	Policyholder dividend obligation
	Policyholder dividends provided through earnings	$	73.8		$	189.4
	Policyholder dividends provided through OCI	82.1			(308.7		)
	Additions to (reductions of) policyholder dividend liabilities	155.9			(119.3		)
	Policyholder dividends paid	(42.0		)	(178.6		)
	Increase (decrease) in policyholder dividend liabilities	113.9			(297.9		)
	Policyholder dividend liabilities, beginning of period	705.7			1,003.60
	Policyholder dividend liabilities, end of period	819.6			705.7
	Policyholder dividends payable, end of period	(209.1		)	(207.8		)
	Policyholder dividend obligation, end of period	$	610.5		$	497.9
	The policyholder dividend obligation includes approximately $229.9 million and $200.0 million, respectively, for cumulative closed block earnings in excess of expected amounts calculated at the date of demutualization as of March 31, 2014 and December 31, 2013, respectively. These closed block earnings will not inure to stockholders, but will result in additional future dividends to closed block policyholders unless otherwise offset by future performance of the closed block that is less favorable than expected. If actual cumulative performance is less favorable than expected, only actual earnings will be recognized in net income. As of March 31, 2014 and December 31, 2013, the policyholder dividend obligation also includes $380.6 million and $297.9 million, respectively, of net unrealized gains on investments supporting the closed block liabilities.

Deferred_Policy_Acquisition_Co

Deferred Policy Acquisition Costs	3 Months Ended
	Mar. 31, 2014
Deferred Policy Acquisition Costs Disclosures [Abstract]	'
Deferred Policy Acquisition Costs	'
	Deferred Policy Acquisition Costs
	The balances of and changes in deferred policy acquisition costs (“DAC”) as of and for the periods ended March 31, 2014 and 2013 are as follows:
	Deferred Policy Acquisition Costs:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Balance, beginning of period	$	940.6		$	902.2
	Policy acquisition costs deferred	14.4			14.9
	Costs amortized to expenses:
	Recurring costs	(33.5		)	(48.6		)
	Realized investment gains (losses)	11.1			3.3
	Offsets to net unrealized investment gains or losses included in AOCI	(40.2		)	9.7
	Balance, end of period	$	892.4		$	881.5

Sales_inducements

Sales inducements	3 Months Ended
	Mar. 31, 2014
Deferred Sales Inducements [Abstract]	'
Sales inducments	'
	Sales Inducements
	The balances of and changes in sales inducements as of and for the periods ended March 31, 2014 and 2013 are as follows:
	Changes in Deferred Sales Inducement Activity:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Balance, beginning of period	$	76.1		$	61.4
	Sales inducements deferred	2.1			2.8
	Amortization charged to income	(0.7		)	(0.7		)
	Offsets to net unrealized investment gains or losses included in AOCI	(3.2		)	1.3
	Balance, end of period	$	74.3		$	64.8

Investing_Activities

Investing Activities	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Investing Activities	'
	Investing Activities
	Debt and equity securities
	The following tables present the debt and equity securities available-for-sale by sector held at March 31, 2014 and December 31, 2013, respectively. The unrealized loss amounts presented below include the non-credit loss component of OTTI losses. We classify these investments into various sectors in line with industry conventions.
	Fair Value and Cost of Securities:	31-Mar-14
	($ in millions)				Gross			Gross						OTTI
		Amortized			Unrealized			Unrealized			Fair			Recognized
		Cost			Gains [1]			Losses [1]			Value			in AOCI [2]
	U.S. government and agency	$	379.1		$	40.9		$	(1.2	)	$	418.8		$	—
	State and political subdivision	409.5			24.4			(6.7		)	427.2			(1.1		)
	Foreign government	203.3			19.9			(0.2		)	223			—
	Corporate	7,433.90			490			(87.9		)	7,836.00			(8.6		)
	Commercial mortgage-backed (“CMBS”)	659.8			43.5			(1.2		)	702.1			(3.4		)
	Residential mortgage-backed (“RMBS”)	1,841.00			54.2			(27.5		)	1,867.70			(25.6		)
	Collateralized debt obligations (“CDO”) /	233.7			6.8			(4.4		)	236.1			(13.9		)
	collateralized loan obligations (“CLO”)
	Other asset-backed	283			14.4			(6.2		)	291.2			(1.8		)
	Available-for-sale debt securities	$	11,443.30		$	694.1		$	(135.3	)	$	12,002.10		$	(54.4	)
	Amounts applicable to the closed block	$	5,456.70		$	416.1		$	(44.5	)	$	5,828.30		$	(15.5	)
	Available-for-sale equity securities	$	40.8		$	24.4		$	(1.1	)	$	64.1		$	—
	Amounts applicable to the closed block	$	17.4		$	9.7		$	(0.7	)	$	26.4		$	—
	———————
	[1]	Net unrealized investment gains and losses on securities classified as available-for-sale and certain other assets are included in our consolidated balance sheets as a component of AOCI.
	[2]	Represents the amount of non-credit OTTI losses recognized in AOCI excluding net unrealized gains or losses subsequent to the date of impairment. The table above presents the special category of AOCI for debt securities that are other-than-temporarily impaired when the impairment loss has been split between the credit loss component (in earnings) and the non-credit component (separate category of AOCI).
	Fair Value and Cost of Securities:	31-Dec-13
	($ in millions)				Gross			Gross						OTTI
		Amortized			Unrealized			Unrealized			Fair			Recognized
		Cost			Gains [1]			Losses [1]			Value			in AOCI [2]
	U.S. government and agency	$	370.2		$	36.2		$	(2.6	)	$	403.8		$	—
	State and political subdivision	402.5			18.2			(10.2		)	410.5			(1.1		)
	Foreign government	194			16.6			(0.7		)	209.9			—
	Corporate	7,342.60			428			(140.1		)	7,630.50			(8.8		)
	CMBS	681.2			36.2			(2.9		)	714.5			(3.4		)
	RMBS	1,893.00			41.3			(37.4		)	1,896.90			(26.7		)
	CDO/CLO	223.4			5.8			(5.1		)	224.1			(15.3		)
	Other asset-backed	311.1			14.8			(7.5		)	318.4			(1.8		)
	Available-for-sale debt securities	$	11,418.00		$	597.1		$	(206.5	)	$	11,808.60		$	(57.1	)
	Amounts applicable to the closed block	$	5,515.20		$	365.4		$	(75.9	)	$	5,804.60		$	(16.5	)
	Available-for-sale equity securities	$	40.4		$	22.3		$	(0.9	)	$	61.8		$	—
	Amounts applicable to the closed block	$	17.1		$	9.1		$	(0.4	)	$	25.8		$	—
	———————
	[1]	Net unrealized investment gains and losses on securities classified as available-for-sale and certain other assets are included in our consolidated balance sheets as a component of AOCI.
	[2]	Represents the amount of non-credit OTTI losses recognized in AOCI excluding net unrealized gains or losses subsequent to the date of impairment. The table above presents the special category of AOCI for debt securities that are other-than-temporarily impaired when the impairment loss has been split between the credit loss component (in earnings) and the non-credit component (separate category of AOCI).
	Maturities of Debt Securities:	31-Mar-14
	($ in millions)	Amortized			Fair
		Cost			Value
	Due in one year or less	$	699.7		$	727.8
	Due after one year through five years	2,113.20			2,292.00
	Due after five years through ten years	3,035.60			3,136.10
	Due after ten years	2,577.30			2,749.10
	CMBS/RMBS/ABS/CDO/CLO [1]	3,017.50			3,097.10
	Total	$	11,443.30		$	12,002.10
	———————
	[1]	CMBS, RMBS, ABS, CDO and CLO are not listed separately in the table as each security does not have a single fixed maturity.
	The maturities of debt securities, as of March 31, 2014, are summarized in the table above by contractual maturity. Actual maturities may differ from contractual maturities as certain borrowers have the right to call or prepay obligations with or without call or prepayment penalties, and we have the right to put or sell certain obligations back to the issuers.
	The following table depicts the sources of available-for-sale investment proceeds and related investment gains (losses).
	Sales of Available-for-Sale Securities:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Debt securities, available-for-sale
	Proceeds from sales	$	48.4		$	26.1
	Proceeds from maturities/repayments	289.7			381.8
	Gross investment gains from sales, prepayments and maturities	10.7			11
	Gross investment losses from sales and maturities	(2.9		)	(1.4		)
Equity securities, available-for-sale
Proceeds from sales	$	4.1		$	1
Gross investment gains from sales	1.9			0.3
Gross investment losses from sales	—			—
Aging of Temporarily Impaired Securities:	31-Mar-14
($ in millions)	Less than 12 months						Greater than 12 months						Total
	Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
	Value			Losses			Value			Losses			Value			Losses
Debt Securities
U.S. government and agency	$	33.3		$	(0.8	)	$	4.5		$	(0.4	)	$	37.8		$	(1.2	)
State and political subdivision	80.9			(4.4		)	11			(2.3		)	91.9			(6.7		)
Foreign government	21.3			(0.2		)	—			—			21.3			(0.2		)
Corporate	1,077.40			(41.9		)	486.8			(46.0		)	1,564.20			(87.9		)
CMBS	19.3			(0.9		)	8.5			(0.3		)	27.8			(1.2		)
RMBS	427			(12.4		)	159.9			(15.1		)	586.9			(27.5		)
CDO/CLO	58.4			(0.5		)	97.5			(3.9		)	155.9			(4.4		)
Other asset-backed	—			—			24.7			(6.2		)	24.7			(6.2		)
Debt securities	1,717.60			(61.1		)	792.9			(74.2		)	2,510.50			(135.3		)
Equity securities	3.6			(0.4		)	0.8			(0.7		)	4.4			(1.1		)
Total temporarily impaired securities	$	1,721.20		$	(61.5	)	$	793.7		$	(74.9	)	$	2,514.90		$	(136.4	)
Amounts inside the closed block	$	607.7		$	(19.3	)	$	312.7		$	(25.9	)	$	920.4		$	(45.2	)
Amounts outside the closed block	$	1,113.50		$	(42.2	)	$	481		$	(49.0	)	$	1,594.50		$	(91.2	)
Amounts outside the closed block	$	26.8		$	(1.0	)	$	55.2		$	(6.1	)	$	82		$	(7.1	)
that are below investment grade
Number of securities				309						178						487
Aging of Temporarily Impaired Securities:	31-Dec-13
($ in millions)	Less than 12 months						Greater than 12 months						Total
	Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
	Value			Losses			Value			Losses			Value			Losses
Debt Securities
U.S. government and agency	$	48		$	(2.1	)	$	3		$	(0.5	)	$	51		$	(2.6	)
State and political subdivision	120.1			(7.6		)	10.7			(2.6		)	130.8			(10.2		)
Foreign government	41			(0.7		)	—			—			41			(0.7		)
Corporate	1,769.40			(91.8		)	314.9			(48.3		)	2,084.30			(140.1		)
CMBS	93.7			(2.7		)	6.5			(0.2		)	100.2			(2.9		)
RMBS	773.5			(24.4		)	144.4			(13.0		)	917.9			(37.4		)
CDO/CLO	64.1			(0.6		)	97.1			(4.5		)	161.2			(5.1		)
Other asset-backed	22.3			(0.1		)	29.5			(7.4		)	51.8			(7.5		)
Debt securities	2,932.10			(130.0		)	606.1			(76.5		)	3,538.20			(206.5		)
Equity securities	4			—			3.7			(0.9		)	7.7			(0.9		)
Total temporarily impaired securities	$	2,936.10		$	(130.0	)	$	609.8		$	(77.4	)	$	3,545.90		$	(207.4	)
Amounts inside the closed block	$	1,176.10		$	(48.9	)	$	224.6		$	(27.4	)	$	1,400.70		$	(76.3	)
Amounts outside the closed block	$	1,760.00		$	(81.1	)	$	385.2		$	(50.0	)	$	2,145.20		$	(131.1	)
Amounts outside the closed block	$	75.3		$	(3.5	)	$	52.9		$	(7.8	)	$	128.2		$	(11.3	)
that are below investment grade
Number of securities				476						154						630
Unrealized losses on below-investment-grade debt securities outside the closed block and inside the closed block with a fair value depressed by more than 20% of amortized cost totaled $3.3 million and $0.7 million, respectively, at March 31, 2014, of which $2.3 million and $0 million was depressed by more than 20% of amortized cost for more than 12 months.
As of March 31, 2014, available-for-sale securities in an unrealized loss position for over 12 months consisted of 166 debt securities and 12 equity securities. The debt securities primarily relate to corporate securities and RMBS, which have depressed values due primarily to an increase in interest rates since the purchase of these securities. Unrealized losses were not recognized in earnings on these debt securities since the Company neither intends to sell the securities nor do we believe that it is more likely than not that it will be required to sell these securities before recovery of their amortized cost basis. Additionally, based on a security-by-security analysis, we expect to recover the entire amortized cost basis of these securities. In our evaluation of each security, management considers the actual recovery periods for these securities in previous periods of broad market declines. For securities with significant declines, individual security level analysis was performed, which considered any credit enhancements, expectations of defaults on underlying collateral and other available market data, including industry analyst reports and forecasts. Similarly, for equity securities in an unrealized loss position for greater than 12 months, management performed an analysis on a security by security basis. Although there may be sustained losses for greater than 12 months on these securities, additional information was obtained related to company performance in the first quarter of 2014 which would not indicate that the additional losses are other-than-temporary.
Evaluating temporarily impaired available-for-sale securities
In management’s evaluation of temporarily impaired securities, many factors about individual issuers of securities as well as our best judgment in determining the cause of a decline in the estimated fair value are considered in the assessment of potential near-term recovery in the security’s value. Some of those considerations include, but are not limited to: (i) duration of time and extent to which the estimated fair value has been below cost or amortized cost; (ii) for debt securities, if the Company has the intent to sell or will more likely than not be required to sell a particular security before the decline in estimated fair value below amortized cost recovers; (iii) whether the issuer is experiencing significant financial difficulties and the potential for impairments of that issuer’s securities; (iv) pervasive issues across an entire industry sector/sub-sector; and (v) for structured securities, assessing any changes in the forecasted cash flows, the quality of underlying collateral, expectations of prepayment speeds, loss severity and payment priority of tranches held.
Other-than-temporary impairments
Management assessed all securities in an unrealized loss position in determining whether impairments were temporary or other-than-temporary. In reaching its conclusions, management exercised significant judgment and used a number of issuer-specific quantitative indicators and qualitative judgments to assess the probability of receiving a given security’s contractual cash flows. This included the issue’s implied yield to maturity, cumulative default rate based on rating, comparisons of issue-specific spreads to industry or sector spreads, specific trading activity in the issue and other market data such as recent debt tenders and upcoming refinancing requirements. Management also reviewed fundamentals such as issuer credit and liquidity metrics, business outlook and industry conditions. Management maintains a watch list of securities that is reviewed for impairments. Each security on the watch list was evaluated, analyzed and discussed, with the positive and negative factors weighed in the ultimate determination of whether or not the security was other-than-temporarily impaired. For securities for which no OTTI was ultimately indicated at March 31, 2014, management does not have the intention to sell, nor does it expect to be required to sell, these securities prior to their recovery. OTTIs recorded in the first three months of 2014 were immaterial.
The following table presents a roll-forward of pre-tax credit losses recognized in earnings related to available-for-sale debt securities for which a portion of the OTTI was recognized in OCI.
Credit Losses Recognized in Earnings on Available-for-Sale Debt Securities	Three Months Ended
for which a Portion of the OTTI Loss was Recognized in OCI:	March 31,
($ in millions)	2014			2013
Balance, beginning of period	$	(72.0	)	$	(72.6	)
Add: Credit losses on securities not previously impaired [1]	—			—
Add: Credit losses on securities previously impaired [1]	—			(1.6		)
Less: Credit losses on securities impaired due to intent to sell	—			—
Less: Credit losses on securities sold	8.4			3.5
Less: Increases in cash flows expected on previously impaired securities	—			—
Balance, end of period	$	(63.6	)	$	(70.7	)
———————
[1]	Additional credit losses on securities for which a portion of the OTTI loss was recognized in AOCI are included within net OTTI losses recognized in earnings on the statements of income and comprehensive income.
Limited partnerships and other investments
Limited Partnerships and Other Investments:	31-Mar-14			31-Dec-13
($ in millions)
Limited partnerships
Private equity funds	$	247.3		$	243.4
Mezzanine funds	180.1			180.4
Infrastructure funds	38.7			38.1
Hedge funds	12			13
Mortgage and real estate funds	3.8			3.3
Leverage leases	15.3			16.8
Direct equity investments	48			42.5
Life settlements	21.9			21.6
Other alternative assets	2.4			2.8
Limited partnerships and other investments	$	569.5		$	561.9
Amounts applicable to the closed block	$	351.6		$	345.3
Net investment income
Net investment income is comprised primarily of interest income, including amortization of premiums and accretion of discounts on structured securities, based on yields which are changed due to expectations in projected principal and interest cash flows, dividend income from common and preferred stock, gains and losses on securities measured at fair value and earnings from investments accounted for under equity method accounting.
Sources of Net Investment Income:	Three Months Ended
($ in millions)	March 31,
	2014			2013
Debt securities [1]	$	143.6		$	145.1
Equity securities	0.6			(1.0		)
Limited partnerships and other investments	32.7			12.5
Policy loans	41.2			39.3
Fair value investments	(0.4		)	(1.2		)
Total investment income	217.7			194.7
Less: Discontinued operations	0.3			0.3
Less: Investment expenses	3.9			3.3
Net investment income	$	213.5		$	191.1
Amounts applicable to the closed block	$	108.8		$	99.1
———————
[1]	Includes net investment income on short-term investments.
Net realized investment gains (losses)
Sources and Types of	Three Months Ended
Net Realized Investment Gains (Losses):	March 31,
($ in millions)	2014			2013
Total other-than-temporary debt impairments	$	—		$	(0.9	)
Portion of gains (losses) recognized in OCI	(0.2		)	(1.7		)
Net debt impairments recognized in earnings	$	(0.2	)	$	(2.6	)
Debt security impairments:
U.S. government and agency	$	—		$	—
State and political subdivision	—			—
Foreign government	—			—
Corporate	(0.2		)	—
CMBS	—			—
RMBS	—			(1.8		)
CDO/CLO	—			(0.8		)
Other asset-backed	—			—
Net debt security impairments	(0.2		)	(2.6		)
Equity security impairments	—			—
Limited partnerships and other investment impairments	—			—
Impairment losses	(0.2		)	(2.6		)
Debt security transaction gains	10.7			11
Debt security transaction losses	(2.9		)	(1.4		)
Equity security transaction gains	1.9			0.3
Equity security transaction losses	—			—
Limited partnerships and other investment transaction gains	—			—
Limited partnerships and other investment transaction losses	—			—
Net transaction gains (losses)	9.7			9.9
Derivative instruments	(23.8		)	(23.9		)
Embedded derivatives [1]	(11.7		)	(0.5		)
Assets valued at fair value	0.3			1.2
Net realized investment gains (losses), excluding impairment losses	(25.5		)	(13.3		)
Net realized investment gains (losses), including impairment losses	$	(25.7	)	$	(15.9	)
———————
[1]	Includes the change in fair value of embedded derivatives associated with fixed index annuity indexed crediting feature and variable annuity riders. See Note 10 to these consolidated interim unaudited financial statements for additional disclosures.
Unrealized investment gains (losses)
Sources of Changes in	Three Months Ended
Net Unrealized Investment Gains (Losses):	March 31,
($ in millions)	2014			2013
Debt securities	$	168.2		$	(21.8	)
Equity securities	1.9			2
Other investments	0.7			1
Net unrealized investment gains (losses)	$	170.8		$	(18.8	)
Net unrealized investment gains (losses)	$	170.8		$	(18.8	)
Applicable to closed block policyholder dividend obligation	82.1			(20.6		)
Applicable to DAC	40.2			(9.7		)
Applicable to other actuarial offsets	31.6			19
Applicable to deferred income tax expense (benefit)	28.7			7.8
Offsets to net unrealized investment gains (losses)	182.6			(3.5		)
Net unrealized investment gains (losses) included in OCI	$	(11.8	)	$	(15.3	)
Consolidated variable interest entities
The Company regularly invests in private equity type fund structures which are variable interest entities (“VIEs”). Entities which do not have sufficient equity at risk to allow the entity to finance its activities without additional financial support or in which the equity investors, as a group, do not have the characteristic of a controlling financial interest are referred to as VIEs. We perform ongoing assessments of our investments in VIEs to determine whether we have the power to direct the most significant activities of the entity and an economic interest in the entity. When we hold both the power to direct the most significant activities of the entity and an economic interest in the entity, we are considered to be the primary beneficiary of the entity and consolidate the VIE. The consolidated entities are all investment company-like structures which follow specialized investment company accounting and record underlying investments at fair value. The nature of the VIEs’ operations and purpose are private equity limited partnerships, single asset LLCs and a fund of fund investment structure and have investments in homogeneous types of assets presented below.
The following table presents the total assets and total liabilities relating to consolidated VIEs at March 31, 2014 and December 31, 2013.
Carrying Value of Assets and Liabilities for	March 31, 2014									31-Dec-13
Consolidated Variable Interest Entities:							Maximum									Maximum
($ in millions)							Exposure									Exposure
	Assets			Liabilities			to Loss [1]			Assets			Liabilities			to Loss [1]
Debt securities, at fair value [2]	$	4.1		$	—		$	3.8		$	3.6		$	—		$	3.2
Equity securities, at fair value [2]	31.9			—			27			29.4			—			24.7
Cash and cash equivalents	10.6			—			10.5			10.8			—			10.6
Investment in partnership interests	—			—			—			0.1			—			0.1
Investment in single asset LLCs	23.4			—			17.7			19.9			—			15.1
Other assets	0.7			—			0.5			0.6			—			0.5
Total assets of consolidated VIEs	$	70.7		$	—		$	59.5		$	64.4		$	—		$	54.2
Total liabilities of consolidated VIEs	$	—		$	0.7		$	0.6		$	—		$	0.8		$	0.6
———————
[1]	Creditors or beneficial interest holders of the consolidated VIEs have no recourse to our general credit. Our obligation to the VIEs is limited to the amount of our committed investment. We have not provided material financial or other support that was not contractually required to these VIEs. There were no unfunded commitments in the maximum exposure to loss above at March 31, 2014 and December 31, 2013.
[2]	Included in fair value investments on the consolidated balance sheets.
Non-consolidated variable interest entities
The carrying value of our investments in non-consolidated VIEs (based upon sponsor values and financial statements of the individual entities) for which we are not the primary beneficiary was $157.0 million and $172.6 million as of March 31, 2014 and December 31, 2013, respectively. The maximum exposure to loss is equal to the carrying amounts plus any unfunded commitments of the Company. Such a maximum loss would be expected to occur only upon bankruptcy of the issuer or investee. The Company has not provided nor intends to provide financial support to these entities unless contractually required. We do not have the contractual option to redeem these limited partnership interests but receive distributions based on the liquidation of the underlying assets. The Company must generally request general partner consent to transfer or sell its fund interests. The Company performs ongoing qualitative analysis of its involvement with VIEs to determine if consolidation is required.
Carrying Value of Assets and Liabilities	31-Mar-14									31-Dec-13
and Maximum Exposure Loss Relating							Maximum									Maximum
to Variable Interest Entities:							Exposure									Exposure
($ in millions)	Assets			Liabilities			to Loss [1]			Assets			Liabilities			to Loss [1]
Limited partnerships	$	101.1		$	—		$	160.8		$	116.7		$	—		$	171.6
LLCs	55.9			—			55.9			55.9			—			55.9
Total	$	157		$	—		$	216.7		$	172.6		$	—		$	227.5
———————
[1]	Creditors or beneficial interest holders of the VIEs have no recourse to our general credit. Our obligation to the VIEs is limited to the amount of our committed investment. We have not provided material financial or other support that was not contractually required to these VIEs.
In addition, the Company makes passive investments in structured securities issued by VIEs, for which the Company is not the manager, which are included in CMBS, RMBS, CDO/CLO and other asset-backed securities within available-for-sale debt securities, and in fair value investments, in the consolidated balance sheets. The Company has not provided financial or other support with respect to these investments other than its original investment. For these investments, the Company determined it is not the primary beneficiary due to the size of our investment relative to the structured securities issued by the VIE, the level of credit subordination which reduces the Company’s obligation to absorb losses or right to receive benefits, and the Company’s lack of power over the activities that most significantly impact the economic performance of the VIEs. The Company’s maximum exposure to loss on these investments is limited to the amount of our investment.
Issuer and counterparty credit exposure
Credit exposure related to issuers and derivatives counterparties is inherent in investments and derivative contracts with positive fair value or asset balances. We manage credit risk through the analysis of the underlying obligors, issuers and transaction structures. We review our debt security portfolio regularly to monitor the performance of obligors and assess the stability of their credit ratings. We also manage credit risk through industry and issuer diversification and asset allocation. Included in fixed maturities are below-investment-grade assets totaling $885.2 million and $864.0 million at March 31, 2014 and December 31, 2013, respectively. Maximum exposure to an issuer or derivative counterparty is defined by quality ratings, with higher quality issuers having larger exposure limits. As of March 31, 2014, we were exposed to the credit concentration risk of two issuers, Berkshire Hathaway Inc., and Bank of America Corp, representing exposure greater than 10.0% of stockholders’ equity other than U.S. government and government agencies backed by the faith and credit of the U.S. government. We monitor credit exposures by actively monitoring dollar limits on transactions with specific counterparties. We have an overall limit on below-investment-grade rated issuer exposure. Additionally, the creditworthiness of counterparties is reviewed periodically. We generally use ISDA Master Agreements which include Credit Support Annexes which include collateral provisions to reduce counterparty credit exposures. To further mitigate the risk of loss on derivatives, we only enter into contracts in which the counterparty is a financial institution with a rating of A or higher from at least one Nationally Recognized Statistical Rating Organization.
As of March 31, 2014, we held derivative assets, net of liabilities, with a fair value of $87.4 million. Derivative credit exposure was diversified with 11 different counterparties. We also had debt securities of these issuers with a fair value of $254.0 million as of March 31, 2014. Our maximum amount of loss due to credit risk with these issuers was $341.4 million as of March 31, 2014. See Note 11 to these consolidated interim unaudited financial statements for additional information regarding derivatives.

Financing_Activities

Financing Activities	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Financing Activities	'
	Financing Activities
	Debt is carried net of original issue discount as follows:
	Indebtedness at Carrying Value:	31-Mar-14		31-Dec-13
	($ in millions)
	7.15% surplus notes, due December 2034	$	126.1	$	126.1
	7.45% senior unsecured bonds, matures January 2032	252.7		252.7
	Total indebtedness	$	378.8	$	378.8
	Our 7.15% surplus notes are an obligation of Phoenix Life. The carrying value of the 2034 notes is net of $0.6 million of unamortized original issue discount. Interest payments require the prior approval of the New York State Department of Financial Services (“NYDFS”) and may be made only out of surplus funds which the NYDFS determines to be available for such payments under New York Insurance Law. The notes may be redeemed at the option of Phoenix Life at any time at the “make-whole” redemption price set forth in the offering circular. New York Insurance Law provides that the notes are not part of the legal liabilities of Phoenix Life.
	We may redeem any or all of the 7.45% senior unsecured bonds at a redemption price equal to 100% of principal plus accrued and unpaid interest to the redemption date. We have repurchased a cumulative amount of $47.3 million of par value of these bonds as of March 31, 2014. No repurchases were made during 2014 or 2013. In March 2013, we extinguished $31.4 million par value of these bonds.
	The indenture governing our senior unsecured bonds requires us to file with U.S. Bank, National Association, as trustee, within 15 days after we are required to file with the SEC, copies of the annual reports and of the information, documents and other reports that we are required to file with the SEC pursuant to Section 13 or Section 15(d) of the Exchange Act. In connection with the restatement of our prior period financial statements, we were unable to file with the SEC certain of our periodic SEC reports and meet the requirement to timely deliver a copy of such reports to the trustee. Prior to December 31, 2013, we successfully completed two consent solicitations of bondholders seeking consent to amend the indenture governing the bonds and provide a related waiver to extend the due dates for providing certain of our SEC reports to the trustee. On January 23, 2014, we commenced a third consent solicitation of bondholders to further amend the indenture and provide a related waiver to extend the date for providing the trustee with the Company’s Quarterly Report on Form 10-Q for the third quarter of 2012 (the “Third Quarter 2012 Form 10-Q”), the 2012 Form 10-K, our Quarterly Reports on Form 10-Q for the first, second and third quarters of 2013 (the “2013 Forms 10-Q”), the 2013 Form 10-K and our Quarterly Reports on Form 10-Q for the first, second and third quarters of 2014 (the “2014 Forms 10-Q”) to March 16, 2015. On February 21, 2014, the Company and the trustee executed a third supplemental indenture providing that until 5:30 p.m., New York City time on March 16, 2015, any failure by us to comply with the sections of the Indenture relating to the filing of the Third Quarter 2012 Form 10-Q, the 2012 Form 10-K, the 2013 Forms 10-Q, the 2013 Form 10-K and the 2014 Forms 10-Q will not constitute defaults under the Indenture and that our filing of such reports on a delayed basis on or prior to such time and date will satisfy our obligations under the reporting covenant in the indenture. Pursuant to the waiver, any and all defaults and events of default occurring under the Indenture prior to the effectiveness of the third supplemental indenture are waived.
	We have recorded indebtedness at unpaid principal balances of each instrument net of issue discount. The Company or its subsidiaries may, from time to time, purchase its debt securities in the open market subject to considerations including, but not limited to, market conditions, relative valuations, capital allocation and the determination that it is in the best interest of the Company and its stakeholders.
	Future minimum annual principal payments on indebtedness as of March 31, 2014 are $252.7 million in 2032 and $126.7 million in 2034.
	Interest Expense on Indebtedness, including	Three Months Ended
	Amortization of Debt Issuance Costs:	March 31,
	($ in millions)	2014		2013
	7.15% surplus notes	$	2.3	$	2.3
	7.45% senior unsecured bonds	4.8		5.4
	Interest expense on indebtedness	$	7.1	$	7.7

Common_Stock_and_Stock_Repurch

Common Stock and Stock Repurchase Program	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Common Stock and Stock Repurchase Program	'
	Common Stock and Stock Repurchase Program
	We have authorization for the issuance of 50 million shares of our common stock.
	Through March 31, 2014, we have issued 6.4 million common shares (2.8 million shares to our policyholders in exchange for their interests in the mutual company and 3.6 million shares in sales to the public and to settle share-based compensation awards). As of March 31, 2014, shares issued and outstanding include 0.1 million shares held in a Rabbi Trust to fund equity awards on which recipients are allowed to vote their shares. As of March 31, 2014, we also had 0.4 million shares reserved for issuance under our stock option plans (0.3 million shares) and our restricted stock unit (“RSU”) plans (0.1 million shares).
	The Company is authorized to repurchase up to an aggregate amount of $25.0 million (not including fees and expenses) of the Company’s outstanding shares of common stock. Under the stock repurchase program, purchases may be made from time to time in the open market, in accelerated stock buyback arrangements, in privately negotiated transactions or otherwise, subject to market prices and other conditions. There is no time limit placed on the duration of the program, which may be modified, extended or terminated by the Board of Directors (the “Board”) at any time. There were no shares repurchased under this authorization.
	State Farm Mutual Automobile Insurance Company (“State Farm”) currently owns of record 5.1% of our outstanding common stock. In the three months ended March 31, 2014 and 2013, we incurred $0.6 million and $0.7 million, respectively, as compensation costs for the sale of our insurance and annuity products by entities that were either subsidiaries of State Farm or owned by State Farm agents.

Separate_Accounts_Death_Benefi

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives	3 Months Ended
	Mar. 31, 2014
Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives [Abstract]	'
Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives	'
	Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives
	Separate accounts
	Separate account products are those for which a separate investment and liability account is maintained on behalf of the policyholder. Investment objectives for these separate accounts vary by fund account type, as outlined in the applicable fund prospectus or separate account plan of operations. We have variable annuity and variable life insurance contracts that are classified as separate account products. The assets supporting these contracts are carried at fair value and are reported as separate account assets with an equivalent amount reported as separate account liabilities. Amounts assessed against the policyholder for mortality, administration and other services are included within revenue in fee income. For the three months ended March 31, 2014 and 2013, there were no gains or losses on transfers of assets from the general account to a separate account.
	Assets with fair value and carrying value of $2.1 billion and $2.0 billion at March 31, 2014 and December 31, 2013, respectively, supporting fixed indexed annuities are maintained in accounts that are legally segregated from the other assets of the Company, but policyholders do not direct the investment of those assets and the investment performance does not pass through to the policyholders. These assets supporting fixed indexed annuity contracts are reported within the respective investment line items on the consolidated balance sheets.
	Separate Account Investments of Account Balances of Variable Annuity Contracts	31-Mar-14			31-Dec-13
	with Insurance Guarantees:
	($ in millions)
	Debt securities	$	422.6		$	433
	Equity funds	1,845.40			1,920.40
	Other	64			64.3
	Total	$	2,332.00		$	2,417.70
	Death benefits and other insurance benefit features
	Variable annuity guaranteed benefits
	We establish policy benefit liabilities for minimum death and income benefit guarantees relating to certain annuity policies as follows:
	•	Liabilities associated with the guaranteed minimum death benefit (“GMDB”) are determined by estimating the expected value of death benefits in excess of the projected account balance and recognizing the excess ratably over the expected life of the contract based on total expected assessments. The assumptions used for calculating the liabilities are generally consistent with those used for amortizing DAC.
	•	Liabilities associated with the guaranteed minimum income benefit (“GMIB”) are determined by estimating the expected value of the income benefits in excess of the projected account balance at the date of annuitization and recognizing the excess ratably over the accumulation period based on total expected assessments. The assumptions used for calculating such guaranteed income benefit liabilities are generally consistent with those used for amortizing DAC.
	For variable annuities with GMDB and GMIB, reserves for these guarantees are calculated and recorded in policy liabilities and accruals on our consolidated balance sheets. Changes in the liability are recorded in policy benefits on our consolidated statements of income and comprehensive income. We regularly evaluate estimates used and adjust the additional liability balances, with a related charge or credit to benefit expense if actual experience or other evidence suggests that earlier assumptions should be revised.
	Changes in Variable Annuity Guaranteed Insurance Benefit	Three Months Ended						Three Months Ended
	Liability Balances:	March 31, 2014						March 31, 2013
	($ in millions)	Annuity			Annuity			Annuity			Annuity
		GMDB			GMIB			GMDB			GMIB
	Balance, beginning of period	$	22.7		$	9.8		$	15.9		$	21.7
	Incurred	(0.1		)	(0.7		)	0.5			1.2
	Paid	(0.6		)	—			(1.3		)	—
	Change due to net unrealized gains or losses included in AOCI	0.1			(0.1		)	0.1			(0.1		)
	Assumption unlocking	—			—			—			—
	Balance, end of period	$	22.1		$	9		$	15.2		$	22.8
	For those guarantees of benefits that are payable in the event of death, the net amount at risk (“NAR”) is generally defined as the benefit payable in excess of the current account balance at our balance sheet date. We have entered into reinsurance agreements to reduce the net amount of risk on certain death benefits. Following are the major types of death benefits currently in force as defined in the 2013 Form 10-K:
	GMDB and GMIB Benefits by Type:	31-Mar-14
	($ in millions)	Account			NAR			NAR			Average
		Value			before Reinsurance			after Reinsurance			Attained Age
											of Annuitant
	GMDB return of premium	$	743.8		$	2		$	2		63
	GMDB step up	1,915.10			116			9.6			64
	GMDB earnings enhancement benefit (“EEB”)	35.5			—			—			64
	GMDB greater of annual step up and roll up	26.2			4.8			4.8			68
	Total GMDB at March 31, 2014	2,720.60			$	122.8		$	16.4
	Less: General account value with GMDB	397.7
	Subtotal separate account liabilities with GMDB	2,322.90
	Separate account liabilities without GMDB	985.1
	Total separate account liabilities	$	3,308.00
	GMIB [1] at March 31, 2014	$	379.5								65
	GMDB and GMIB Benefits by Type:	31-Dec-13
	($ in millions)	Account			NAR			NAR			Average
		Value			before Reinsurance			after Reinsurance			Attained Age
											of Annuitant
	GMDB return of premium	$	770.3		$	2.1		$	2.1		63
	GMDB step up	1,974.70			117.9			9.9			64
	GMDB earnings enhancement benefit (“EEB”)	36			0.1			0.1			64
	GMDB greater of annual step up and roll up	26.7			4.8			4.8			68
	Total GMDB at December 31, 2013	2,807.70			$	124.9		$	16.9
	Less: General account value with GMDB	403.3
	Subtotal separate account liabilities with GMDB	2,404.40
	Separate account liabilities without GMDB	997.9
	Total separate account liabilities	$	3,402.30
	GMIB [1] at December 31, 2013	$	398.6								64
	———————
	[1]	Policies with a GMIB also have a GMDB, however these benefits are not additive. When a policy terminates due to death, any NAR related or GMIB is released. Similarly, when a policy goes into benefit status on a GMIB, its GMDB NAR is released.
	Fixed indexed annuity guaranteed benefits
	Many of our fixed indexed annuities contain guaranteed benefits. We establish policy benefit liabilities for minimum death and minimum withdrawal benefit guarantees relating to these policies as follows:
	•	Liabilities associated with the guaranteed minimum withdrawal benefit (“GMWB”) and Chronic Care guarantees are determined by estimating the value of the withdrawal benefits expected to be paid after the projected account value depletes and recognizing the value ratably over the accumulation period based on total expected assessments. Liabilities associated with the GMWB for the fixed indexed annuities differ from those contained on variable annuities in that the GMWB feature and the underlying contract, exclusive of the equity index crediting option, are fixed income instruments.
	•	Liabilities associated with the GMDB are determined by estimating the expected value of death benefits in excess of the projected account balance and recognizing the excess ratably over the expected life of the contract based on total expected assessments.
	The assumptions used for calculating GMWB, GMDB and Chronic Care guarantees are generally consistent with those used for amortizing DAC. We regularly evaluate estimates used and adjust the additional liability balances, with a related charge or credit to benefit expense if actual experience or other evidence suggests that earlier assumptions should be revised. The GMWB, GMDB and Chronic Care guarantees on fixed indexed annuities are recorded in policy liabilities and accruals on our consolidated balance sheets.
Changes in Fixed Indexed Annuity Guaranteed Liability Balances:	Fixed Indexed Annuity
($ in millions)	GMWB & GMDB
	Three months ended
	March 31,
	2014			2013
Balance, beginning of period	$	90		$	103.6
Incurred	5			12.6
Paid	(0.1		)	(0.1		)
Change due to net unrealized gains or losses included in AOCI	19.8			1.4
Assumption unlocking	—			—
Balance, end of period	$	114.7		$	117.5
Universal life
Liabilities for universal life contracts in excess of the account balance, some of which contain secondary guarantees, are generally determined by estimating the expected value of benefits and expenses when claims are triggered and recognizing those benefits and expenses over the accumulation period based on total expected assessments. The assumptions used in estimating these liabilities are generally consistent with those used for amortizing DAC.
Changes in Universal Life Guaranteed Liability Balances:	Universal Life
($ in millions)	Secondary Guarantees
	Three months ended
	March 31,
	2014			2013
Balance, beginning of period	$	179.8		$	137.7
Incurred	4.8			16.4
Paid	(1.9		)	(3.4		)
Change due to net unrealized gains or losses included in AOCI	0.9			0.5
Assumption unlocking	—			—
Balance, end of period	$	183.6		$	151.2
In addition, the universal life block of business has experience which produces profits in earlier periods followed by losses in later periods for which additional reserves are required to be held above the account value liability. These reserves are accrued ratably over historical and anticipated positive income to offset the future anticipated losses. The assumptions used in estimating these liabilities are generally consistent with those used for amortizing DAC.
Changes in Universal Life Additional Liability Balances:	Universal Life
($ in millions)	Profits Followed by Losses
	Three months ended
	March 31,
	2014			2013
Balance, beginning of period	$	257		$	308.4
Expenses	19.9			22
Change due to net unrealized gains or losses included in AOCI	16.5			11
Assumption unlocking	—			—
Balance, end of period	$	293.4		$	341.4
Embedded derivatives
Variable annuity embedded derivatives
Certain separate account variable products may contain a GMWB, guaranteed minimum accumulation benefit (“GMAB”) and/or combination (“COMBO”) rider as defined in the 2013 Form 10-K. These features are accounted for as embedded derivatives as described below.
Variable Annuity Embedded Derivatives Non-Insurance Guaranteed Product Features:	31-Mar-14
($ in millions)				Average
				Attained
	Account			Age of
	Value			Annuitant
GMWB	$	559.1		64
GMAB	363.6			59
COMBO	7.2			63
Balance, end of period	$	929.9
Variable Annuity Embedded Derivatives Non-Insurance Guaranteed Product Features:	31-Dec-13
($ in millions)				Average
				Attained
	Account			Age of
	Value			Annuitant
GMWB	$	581.5		64
GMAB	382.2			59
COMBO	7.2			63
Balance, end of period	$	970.9
The GMWB, GMAB and COMBO features represent embedded derivative liabilities in the variable annuity contracts that are required to be reported separately from the host variable annuity contract. These liabilities are recorded at fair value within policyholder deposit funds on the consolidated balance sheets with changes in fair value recorded in realized investment gains on the consolidated statements of income and comprehensive income. The fair value of the GMWB, GMAB and COMBO obligation is calculated based on actuarial and capital market assumptions related to the projected cash flows, including benefits and related contract charges, over the lives of the contracts, incorporating expectations concerning policyholder behavior. As markets change, contracts mature and actual policyholder behavior emerges, these assumptions are continually evaluated and may from time to time be adjusted. Embedded derivative liabilities for GMWB, GMAB and COMBO are shown in the table below.
Variable Annuity Embedded Derivative Liabilities:	31-Mar-14			31-Dec-13
($ in millions)
GMWB	$	(3.2	)	$	(5.1	)
GMAB	(0.1		)	1.4
COMBO	(0.3		)	(0.4		)
Total variable annuity embedded derivative liabilities	$	(3.6	)	$	(4.1	)
There were no benefit payments made for the GMWB and GMAB in the three months ended March 31, 2014 and 2013. We have established a risk management strategy under which we hedge our GMAB, GMWB and COMBO exposure using equity index options, equity index futures, equity index variance swaps, interest rate swaps and swaptions.
Fixed indexed annuity embedded derivatives
Fixed indexed annuities may also contain a variety of index-crediting options: policy credits that are calculated based on the performance of an outside equity market or other index over a specified term. These index options are embedded derivative liabilities that are required to be reported separately from the host contract. These index options are accounted for at fair value and recorded in policyholder deposits within the consolidated balance sheets with changes in fair value recorded in realized investment gains, in the consolidated statements of income and comprehensive income. The fair value of these index options is calculated using the budget method. See Note 12 to these consolidated interim unaudited financial statements for additional information. Several additional inputs reflect our internally developed assumptions related to lapse rates and other policyholder behavior. The fair value of these embedded derivatives was $97.2 million and $78.9 million as of March 31, 2014 and December 31, 2013, respectively. In order to manage the risk associated with these equity indexed-crediting features, we hedge using equity index options. See Note 11 to these consolidated interim unaudited financial statements for additional information.
Embedded derivatives realized gains and losses
Changes in the fair value of embedded derivatives associated with variable annuity and fixed indexed annuity contracts are recorded as realized investment gains and losses within the consolidated statements of income and comprehensive income. Embedded derivatives gains and (losses) recognized in earnings for the three months ended March 31, 2014 and 2013 are $(11.7) million and $(0.5) million, respectively.

Derivative_Instruments

Derivative Instruments	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments	'
	Derivative Instruments
	We use derivative financial instruments, including options, futures and swaps as a means of hedging exposure to interest rate, equity price change, equity volatility and foreign currency risk. This includes our surplus hedge which utilizes futures and options to hedge against declines in equity markets and the resulting statutory capital and surplus impact, as well as our fixed indexed annuity (“FIA”) separate account hedge which uses interest rate swaptions to hedge against rising interest rates. We also use derivative instruments to economically hedge our exposure on living benefits offered on certain of our variable annuity products as well as index credits on our fixed indexed annuity products.
	The Company seeks to enter into over-the-counter (“OTC”) derivative transactions pursuant to master agreements that provide for a netting of payments and receipts by counterparty. As of March 31, 2014 and December 31, 2013, $10.5 million and $8.6 million, respectively, of cash and cash equivalents were held as collateral by a third party related to our derivative transactions.
	Our derivatives are not designated as hedges for accounting purposes.
	Derivative Instruments:							Fair Value as of
	($ in millions)			Notional				31-Mar-14
		Maturity		Amount				Assets				Liabilities [1]
	Interest rate swaps	2016 - 2027		$	94			$	5.6			$	3.8
	Variance swaps	2015 - 2017		0.9				—				8.5
	Swaptions	2024 - 2025		3,277.00				12.5				—
	Put options	2015 - 2022		406				26.8				—
	Call options [2]	2014 - 2019		1,811.40				115				72.3
	Cross currency swaps	2016		10				—				0.7
	Equity futures	2014		157.7				12.8				—
	Total derivative instruments			$	5,757.00			$	172.7			$	85.3
	———————
	[1]	Derivative liabilities are included in other liabilities on the consolidated balance sheets.
	[2]	Includes a contingent receivable of $1.9 million.
	Derivative Instruments:							Fair Value as of
	($ in millions)			Notional				31-Dec-13
		Maturity		Amount				Assets				Liabilities [1]
	Interest rate swaps	2016 - 2027		$	139			$	3.9			$	6.8
	Variance swaps	2015 - 2017		0.9				—				7.9
	Swaptions	2024 - 2029		3,902.00				30.7				—
	Put options	2015 - 2022		406				31.1				—
	Call options [2]	2014 - 2018		1,701.60				163.1				96.1
	Cross currency swaps	2016		10				—				0.7
	Equity futures	2014		160.6				14.3				—
	Total derivative instruments			$	6,320.10			$	243.1			$	111.5
	———————
	[1]	Derivative liabilities are included in other liabilities on the consolidated balance sheets.
	[2]	Includes a contingent receivable of $1.9 million.
	Derivative Instrument Gains (Losses) Recognized in	Three Months Ended
	Realized Investment Gains (Losses):	March 31,
	($ in millions)	2014				2013
	Interest rate swaps	$	5			$	(0.8	)
	Variance swaps	(0.6		)		(2.1		)
	Swaptions	(18.3		)		(1.8		)
	Put options	(4.2		)		(17.4		)
	Call options	(3.0		)		17.4
	Cross currency swaps	(0.1		)		0.3
	Equity futures	(2.6		)		(19.5		)
	Embedded derivatives	(11.7		)		(0.5		)
	Total derivative instrument losses recognized in realized investment gains (losses)	$	(35.5	)		$	(24.4	)
	Offsetting of Derivative Assets/Liabilities
	The Company may enter into netting agreements with counterparties that permit the Company to offset receivables and payables with such counterparties. The following tables present the gross fair value amounts, the amounts offset and net position of derivative instruments eligible for offset in the Company’s consolidated balance sheets that are subject to an enforceable master netting arrangement upon certain termination events, irrespective of whether they are offset in the balance sheet.
	Offsetting of	March 31, 2014
	Derivative Assets/Liabilities:					Gross								Gross amounts not offset
	($ in millions)	Gross				amounts				Net amounts				in the balance sheet
		amounts				offset in the				presented in the				Financial			Cash collateral
		recognized [1]				balance sheet				balance sheet				instruments			pledged [2]		Net amount
	Total derivative assets	$	172.7			$	—			$	172.7			$	(82.3	)	$	—	$	90.4
	Total derivative liabilities	$	(85.3	)		$	—			$	(85.3	)		$	82.3		$	3	$	—
	Offsetting of	December 31, 2013
	Derivative Assets/Liabilities:					Gross								Gross amounts not offset
	($ in millions)	Gross				amounts				Net amounts				in the balance sheet
		amounts				offset in the				presented in the				Financial			Cash collateral
		recognized [1]				balance sheet				balance sheet				instruments			pledged [2]		Net amount
	Total derivative assets	$	243.1			$	—			$	243.1			$	(110.2	)	$	—	$	132.9
	Total derivative liabilities	$	(111.5	)		$	—			$	(111.5	)		$	110.2		$	1.3	$	—
	———————
	[1]	Amounts include all derivative instruments, irrespective of whether there is a legally enforceable master netting arrangement in place.
	[2]	Cash collateral pledged with derivative counterparties is recorded within other assets on the balance sheets. The Company pledges cash collateral to offset certain individual derivative liability positions with certain counterparties. Cash collateral of $7.5 million and $7.3 million as of March 31, 2014 and December 31, 2013, respectively, that exceeds the net liability resulting from the aggregate derivative positions with a corresponding counterparty is excluded.
Contingent features
Derivative counterparty agreements may contain certain provisions that require our insurance companies’ financial strength rating to be above a certain threshold. If our financial strength ratings were to fall below a specified rating threshold, certain derivative counterparties could request immediate payment or demand immediate and ongoing full collateralization on derivative instruments in net liability positions, or trigger a termination of existing derivatives and/or future derivative transactions.
In certain derivative counterparty agreements, our financial strength ratings are below the specified threshold levels. However, the Company held no derivative instruments as of March 31, 2014 in a net aggregate liability position payable to any counterparty (i.e., such derivative instruments have fair values in a net asset position payable to the Company if such holdings were liquidated).

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	ASC 820-10 defines and establishes the framework for measuring fair value. The framework is based on inputs that are used in the valuation and a fair value hierarchy based on the quality of those inputs. Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.
	A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The input levels are defined as follows:
	•	Level 1 – inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 1 securities include highly liquid government bonds and exchange-traded equities.
	•	Level 2 – inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. Examples of such instruments include government-backed mortgage products, certain collateralized mortgage and debt obligations and certain high-yield debt securities.
	•	Level 3 – inputs to the valuation methodology are unobservable and significant to the fair value measurement. Unobservable inputs reflect management’s own assumptions about inputs in which market participants would use in pricing these types of assets or liabilities. Level 3 financial instruments include values which are determined using pricing models and third-party evaluation. Additionally, the determination of some fair value estimates utilizes significant management judgments or best estimates.
	The following tables present the financial instruments carried at fair value on a recurring basis by ASC 820-10 valuation hierarchy (as described above). There were no financial instruments carried at fair value on a non-recurring basis as of March 31, 2014 and December 31, 2013.
	Fair Values of Financial Instruments by Level:	31-Mar-14
	($ in millions)	Level 1				Level 2				Level 3				Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [1]	$	—			$	78.4			$	340.4			$	418.8
	State and political subdivision	—				150.4				276.8				427.2
	Foreign government	—				206.9				16.1				223
	Corporate	—				3,894.50				3,941.50				7,836.00
	CMBS	—				650				52.1				702.1
	RMBS	—				1,333.70				534				1,867.70
	CDO/CLO	—				—				236.1				236.1
	Other asset-backed	—				61.8				229.4				291.2
	Total available-for-sale debt securities	—				6,375.70				5,626.40				12,002.10
	Available-for-sale equity securities	1.1				—				63				64.1
	Short-term investments	571				—				—				571
	Derivative assets	12.8				159.9				—				172.7
	Fair value investments [2]	31.8				13.1				170.3				215.2
	Separate account assets	3,308.00				—				—				3,308.00
	Total assets	$	3,924.70			$	6,548.70			$	5,859.70			$	16,333.10
	Liabilities
	Derivative liabilities	$	—			$	85.3			$	—			$	85.3
	Embedded derivatives	—				—				93.6				93.6
	Total liabilities	$	—			$	85.3			$	93.6			$	178.9
	———————
	[1]	Level 3 includes securities whose underlying collateral is an obligation of a U.S. government entity.
	[2]	Fair value investments at March 31, 2014 include $123.9 million of debt securities recorded at fair value. In addition, we have also elected the fair value option for equity securities backing our deferred compensation liabilities at $23.0 million as of March 31, 2014. Changes in the fair value of these assets are recorded through net investment income. Additionally, $68.3 million of assets relate to investment holdings of consolidated VIEs held at fair value, $8.8 million of which are Level 1 securities.
	There were no transfers of assets between Level 1 and Level 2 during the three months ended March 31, 2014.
	Fair Values of Financial Instruments by Level:	31-Dec-13
	($ in millions)	Level 1				Level 2				Level 3				Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [1]	$	—			$	76.6			$	327.2			$	403.8
	State and political subdivision	—				141.4				269.1				410.5
	Foreign government	—				194				15.9				209.9
	Corporate	—				3,662.10				3,968.40				7,630.50
	CMBS	—				600.1				114.4				714.5
	RMBS	—				1,344.90				552				1,896.90
	CDO/CLO	—				—				224.1				224.1
	Other asset-backed	—				70.7				247.7				318.4
	Total available-for-sale debt securities	—				6,089.80				5,718.80				11,808.60
	Available-for-sale equity securities	2.8				—				59				61.8
	Short-term investments	349.7				11				0.9				361.6
	Derivative assets	14.3				228.8				—				243.1
	Fair value investments [2]	32.1				13.2				165.5				210.8
	Separate account assets	3,402.30				—				—				3,402.30
	Total assets	$	3,801.20			$	6,342.80			$	5,944.20			$	16,088.20
	Liabilities
	Derivative liabilities	$	—			$	111.5			$	—			$	111.5
	Embedded derivatives	—				—				74.8				74.8
	Total liabilities	$	—			$	111.5			$	74.8			$	186.3
	———————
	[1]	Level 3 includes securities whose underlying collateral is an obligation of a U.S. government entity.
	[2]	Fair value investments at December 31, 2013 include $125.7 million of debt securities recorded at fair value. In addition, we have also elected the fair value option for equity securities backing our deferred compensation liabilities at $23.2 million as of December 31, 2013. Changes in the fair value of these assets are recorded through net investment income. Additionally, $61.9 million of assets relate to investment holdings of consolidated VIEs held at fair value, $8.9 million of which are Level 1 securities.
	There were no transfers of assets between Level 1 and Level 2 during the three months ended March 31, 2013.
	Available-for-sale debt securities as of March 31, 2014 and December 31, 2013, respectively are reported net of $25.6 million and $27.1 million of Level 2 investments included in discontinued assets on the consolidated balance sheets related to discontinued reinsurance operations.
	The following tables present corporates carried at fair value and on a recurring basis by sector.
Fair Values of Corporates by Level and Sector:	31-Mar-14
($ in millions)	Level 1				Level 2				Level 3				Total
Corporates
Consumer	$	—			$	590.8			$	1,195.80			$	1,786.60
Energy	—				537.3				324				861.3
Financial services	—				1,571.00				957				2,528.00
Capital goods	—				384.6				335.1				719.7
Transportation	—				110.8				255.4				366.2
Utilities	—				329.7				571				900.7
Other	—				370.3				303.2				673.5
Total corporates	$	—			$	3,894.50			$	3,941.50			$	7,836.00
Fair Values of Corporates by Level and Sector:	31-Dec-13
($ in millions)	Level 1				Level 2				Level 3				Total
Corporates
Consumer	$	—			$	896			$	1,496.50			$	2,392.50
Energy	—				492.2				335.2				827.4
Financial services	—				1,497.00				971.8				2,468.80
Capital goods	—				187.6				192.7				380.3
Transportation	—				93.6				230.9				324.5
Utilities	—				316				560				876
Other	—				179.7				181.3				361
Total corporates	$	—			$	3,662.10			$	3,968.40			$	7,630.50
Level 3 financial assets and liabilities
The following tables set forth a summary of changes in the fair value of our Level 3 financial assets and liabilities. Financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The securities which were transferred as of the end of each reporting period into Level 3 were due to decreased market observability of similar assets and/or changes to significant inputs, such as downgrades or price declines. Transfers out of Level 3 were due to increased market activity on comparable assets or observability of inputs.
Level 3 Financial Assets:	Three Months Ended March 31, 2014
($ in millions)																				Realized &
																				unrealized			Unrealized
																				gains			gains
	Balance,												Transfers				Transfers			(losses)			(losses)
	beginning												into				out of			included in			included
	of period				Purchases				Sales				Level 3				Level 3			income [1]			in OCI			Total
Assets
Available-for-sale debt securities
U.S. government and agency [2]	$	327.2			$	12.9			$	(5.5	)		$	—			$	—		$	—		$	5.8		$	340.4
State and political subdivision	269.1				2.9				(0.8		)		—				—			—			5.6			276.8
Foreign government	15.9				—				—				—				—			—			0.2			16.1
Corporate	3,968.40				171				(21.8		)		—				(127.0		)	—			(49.1		)	3,941.50
CMBS	114.4				—				(2.7		)		—				(60.1		)	(0.1		)	0.6			52.1
RMBS	552				0.5				(13.9		)		—				—			0.5			(5.1		)	534
CDO/CLO	224.1				23				(6.4		)		—				—			0.4			(5.0		)	236.1
Other asset-backed	247.7				—				(4.5		)		—				(1.7		)	—			(12.1		)	229.4
Total available-for-sale	5,718.80				210.3				(55.6		)		—				(188.8		)	0.8			(59.1		)	5,626.40
debt securities
Available-for-sale equity securities	59				6.7				—				—				—			—			(2.7		)	63
Short-term investments	0.9				—				—				—				—			—			(0.9		)	—
Fair value investments	165.5				—				(2.6		)		—				—			7.4			—			170.3
Total assets	$	5,944.20			$	217			$	(58.2	)		$	—			$	(188.8	)	$	8.2		$	(62.7	)	$	5,859.70
———————
[1]	Reflected in realized investment gains and losses for all assets except fair value investments which are included in net investment income.
[2]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
Level 3 Financial Assets:	Three Months Ended March 31, 2013
($ in millions)																				Realized &
																				unrealized			Unrealized
																				gains			gains
	Balance,												Transfers				Transfers			(losses)			(losses)
	beginning												into				out of			included in			included
	of period				Purchases				Sales				Level 3				Level 3			income [1]			in OCI			Total
Assets
Available-for-sale debt securities
U.S. government and agency [2]	$	296.7			$	12.2			$	(1.7	)		$	—			$	—		$	—		$	2.3		$	309.5
State and political subdivision	212.4				—				(0.5		)		—				—			—			(15.4		)	196.5
Foreign government	45.8				—				(0.2		)		8				—			—			(2.5		)	51.1
Corporate	3,812.30				191.8				(17.0		)		9.6				(43.2		)	(1.1		)	(106.2		)	3,846.20
CMBS	89.7				—				(1.9		)		—				(8.7		)	(0.1		)	2.2			81.2
RMBS	709.3				0.7				(24.2		)		—				—			(1.2		)	(5.8		)	678.8
CDO/CLO	223.7				21.8				(11.4		)		—				—			(0.4		)	4.3			238
Other asset-backed	309.9				—				(7.4		)		—				—			—			6.7			309.2
Total available-for-sale	5,699.80				226.5				(64.3		)		17.6				(51.9		)	(2.8		)	(114.4		)	5,710.50
debt securities
Available-for-sale equity securities	32.7				2.3				—				—				—			(3.3		)	1.2			32.9
Short-term investments	—				—				—				—				—			—			—			—
Fair value investments	153.3				14.6				(3.9		)		1.3				—			3			—			168.3
Total assets	$	5,885.80			$	243.4			$	(68.2	)		$	18.9			$	(51.9	)	$	(3.1	)	$	(113.2	)	$	5,911.70
———————
[1]	Reflected in realized investment gains and losses for all assets except fair value investments which are included in net investment income.
[2]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
Level 3 Financial Liabilities:	Embedded Derivative Liabilities
($ in millions)	Three Months Ended
	March 31,
	2014				2013
Balance, beginning of period	$	74.8			$	80.8
Net purchases/(sales)	7.1				1.5
Transfers into Level 3	—				—
Transfers out of Level 3	—				—
Realized (gains) losses [1]	11.7				0.5
Balance, end of period	$	93.6			$	82.8
———————
[1]	Realized gains and losses are included in net realized investment gains on the consolidated statements of income and comprehensive income.
Significant unobservable inputs used in the fair value measurement of Level 3 assets are yield, prepayment rate, default rate and recovery rate. Keeping other inputs unchanged, an increase in yield, default rate or prepayment rate would decrease the fair value of the asset while an increase in recovery rate would result in an increase to the fair value of the asset. Yields are a function of the underlying U.S. Treasury rates and asset spreads, and changes in default and recovery rates are dependent on overall market conditions.
The following tables present quantitative estimates about unobservable inputs used in the fair value measurement of significant categories of internally priced assets.
Level 3 Assets: [1]	31-Mar-14
($ in millions)	Fair				Valuation		Unobservable
	Value				Technique(s)		Input		Range (Weighted Average)
U.S. government and agency	$	340.4			Discounted cash flow		Yield		0.93% - 5.17% (3.66%)
State and political subdivision	$	122.4			Discounted cash flow		Yield		2.24% - 5.33% (3.66%)
Corporate	$	3,059.30			Discounted cash flow		Yield		0.95% - 6.29% (3.41%)
Other asset-backed	$	41.9			Discounted cash flow		Yield		0.50% - 3.47% (2.01%)
Fair value investments	$	5.6			Discounted cash flow		Default rate		0.26%
							Recovery rate		42%
———————
[1]	Excludes Level 3 assets which are valued based upon non-binding independent third-party valuations or third-party price information for which unobservable inputs are not reasonably available to us.
Level 3 Assets: [1]	31-Dec-13
($ in millions)	Fair				Valuation		Unobservable
	Value				Technique(s)		Input		Range (Weighted Average)
U.S. government and agency	$	327.2			Discounted cash flow		Yield		1.05% - 5.66% (3.78%)
State and political subdivision	$	119.4			Discounted cash flow		Yield		2.35% - 5.79% (3.74%)
Corporate	$	2,972.60			Discounted cash flow		Yield		1.00% - 6.75% (3.56%)
Other asset-backed	$	47.9			Discounted cash flow		Yield		0.5% - 3.75% (2.23%)
							Prepayment rate		2%
							Default rate		2.53% for 48 mos then .37% thereafter
							Recovery rate		10% (TRUPS)
Fair value investments	$	5.5			Discounted cash flow		Default rate		0.25%
							Recovery rate		45%
———————
[1]	Excludes Level 3 assets which are valued based upon non-binding independent third-party valuations or third-party price information for which unobservable inputs are not reasonably available to us.
Significant unobservable inputs used in the fair value measurement of variable annuity GMAB and GMWB type liabilities are equity volatility, swap curve, mortality and lapse rates and an adjustment for non-performance risk. Keeping other inputs unchanged, an increase in the equity volatility would increase the fair value of the liability while an increase in the swap curve or CSA would result in a decrease to the fair value of the liability. The impact of changes in mortality and lapse rates are dependent on overall market conditions. The fair value of fixed indexed annuity and indexed universal life embedded derivative related to index credits is calculated using the swap curve, future option budget, mortality and lapse rates, as well as an adjustment for non-performance risk. Keeping other inputs unchanged, an increase in any of these significant unobservable inputs would result in a decrease of the fixed indexed annuity embedded derivative liability.
The following tables present quantitative estimates about unobservable inputs used in the fair value measurement of internally priced liabilities.
Level 3 Liabilities:	31-Mar-14
($ in millions)	Fair Value				Valuation Technique(s)		Unobservable Input		Range
Embedded derivatives	$	97.2			Budget method		Swap curve		0.17% - 3.40%
(FIA)							Mortality rate		103% or 97% 2012 IAM basic table
									with scale G2
							Lapse rate		0.02% - 47.15%
							CSA		2.92%
Embedded derivatives	$	(3.6	)		Risk neutral stochastic valuation methodology		Volatility surface		9.57% - 46.36%
(GMAB / GMWB / COMBO)
							Swap curve		0.14% - 3.70%
							Mortality rate		105% 2012 IAM basic table with
									scale G2
							Lapse rate		0.00% - 40.00%
							CSA		2.92%
Level 3 Liabilities:	31-Dec-13
($ in millions)	Fair Value				Valuation Technique(s)		Unobservable Input		Range
Embedded derivatives	$	78.9			Budget method		Swap curve		0.19% - 3.79%
(FIA)							Mortality rate		103% or 97% 2012 IAM basic table
									with scale G2
							Lapse rate		0.02% - 47.15%
							CSA		3.23%
Embedded derivatives	$	(4.1	)		Risk neutral stochastic		Volatility surface		10.85% - 46.33%
(GMAB / GMWB / COMBO)					valuation methodology
							Swap curve		0.15% - 4.15%
							Mortality rate		105% 2012 IAM basic table with
									scale G2
							Lapse rate		0.00% - 40.00%
							CSA		3.23%
Level 3 Assets and Liabilities by Pricing Source:	31-Mar-14
($ in millions)	Internal [1]				External [2]				Total
Assets
Available-for-sale debt securities
U.S. government and agency [3]	$	340.4			$	—			$	340.4
State and political subdivision	122.4				154.4				276.8
Foreign government	—				16.1				16.1
Corporate	3,059.30				882.2				3,941.50
CMBS	—				52.1				52.1
RMBS	—				534				534
CDO/CLO	—				236.1				236.1
Other asset-backed	41.9				187.5				229.4
Total available-for-sale debt securities	3,564.00				2,062.40				5,626.40
Available-for-sale equity securities	—				63				63
Short-term investments	—				—				—
Fair value investments	5.6				164.7				170.3
Total assets	$	3,569.60			$	2,290.10			$	5,859.70
Liabilities
Embedded derivatives	$	93.6			$	—			$	93.6
Total liabilities	$	93.6			$	—			$	93.6
———————
[1]	Represents valuations reflecting both internally-derived and market inputs, as well as third-party information or quotes.
[2]	Represents unadjusted prices from independent pricing services, third-party financial statements and independent indicative broker quotes where pricing inputs are not readily available.
[3]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
Level 3 Assets and Liabilities by Pricing Source:	31-Dec-13
($ in millions)	Internal [1]				External [2]				Total
Assets
Available-for-sale debt securities
U.S. government and agency [3]	$	327.2			$	—			$	327.2
State and political subdivision	119.4				149.7				269.1
Foreign government	—				15.9				15.9
Corporate	2,972.60				995.8				3,968.40
CMBS	—				114.4				114.4
RMBS	—				552				552
CDO/CLO	—				224.1				224.1
Other asset-backed	47.9				199.8				247.7
Total available-for-sale debt securities	3,467.10				2,251.70				5,718.80
Available-for-sale equity securities	—				59				59
Short-term investments	—				0.9				0.9
Fair value investments	5.5				160				165.5
Total assets	$	3,472.60			$	2,471.60			$	5,944.20
Liabilities
Embedded derivatives	$	74.8			$	—			$	74.8
Total liabilities	$	74.8			$	—			$	74.8
———————
[1]	Represents valuations reflecting both internally-derived and market inputs, as well as third-party information or quotes.
[2]	Represents unadjusted prices from independent pricing services, third-party financial statements and independent indicative broker quotes where pricing inputs are not readily available.
[3]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
Financial instruments not carried at fair value
The Company is required by U.S. GAAP to disclose the fair value of certain financial instruments including those that are not carried at fair value. The following table discloses the Company’s financial instruments where the carrying amounts and fair values differ:
Carrying Amounts and Fair Values	Fair Value		31-Mar-14								31-Dec-13
of Financial Instruments:	Hierarchy		Carrying				Fair				Carrying				Fair
($ in millions)	Level		Value				Value				Value				Value
Financial assets:
Policy loans	Level 3		$	2,353.70			$	2,341.20			$	2,350.30			$	2,338.00
Cash and cash equivalents	Level 1		$	424.5			$	424.5			$	496.4			$	496.4
Financial liabilities:
Investment contracts	Level 3		$	3,540.00			$	3,541.80			$	3,429.70			$	3,424.40
7.15% Surplus notes	Level 3		$	126.1			$	86.5			$	126.1			$	86.5
7.45% Senior unsecured bonds	Level 2		$	252.7			$	236.5			$	252.7			$	224.6

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	Income Taxes
	It is our policy to estimate taxes for interim periods based on estimated annual effective tax rates which are derived, in part, from expected annual pre-tax income. However, the change in the deferred income balances, income tax benefit and expense and related valuation allowance for the three months ended March 31, 2014 have been computed based on the first three months of 2014 as a discrete period.
	The tax benefit of $3.6 million for the three months ended March 31, 2014 is comprised of a $2.5 million current tax expense, net of a $6.1 million deferred tax benefit. The deferred tax benefit results from the application of the intraperiod tax allocation rules that allow for the benefitting of a current year loss in continuing operations when an increase to the valuation allowance is not required due to the existence of current year income reported elsewhere in the financial statements (e.g., discontinued operations, other comprehensive income) Included in the $2.5 million current tax expense is a $1.8 million benefit attributable to the prior year provision to filed return true-up. The $1.8 million deferred tax expense attributable to the true-up has been fully offset by a decrease in the valuation allowance.
	We recorded a deferred tax asset, net of deferred tax liabilities and valuation allowances, of $47.4 million as of March 31, 2014. Consistent with prior periods, we have recorded a valuation allowance against all categories of net deferred tax assets other than gross unrealized losses on available-for-sale debt securities, due to the significant negative evidence of historical cumulative U.S. GAAP losses and the uncertainty of consistent future U.S. GAAP earnings.
	We have concluded that a valuation allowance on the deferred tax assets attributable to available-for-sale debt securities with gross unrealized losses was not required due to our ability and intent to hold these securities until recovery of fair value or contractual maturity, thereby avoiding realization of tax basis capital losses. This conclusion is also consistent with prior periods.
	Consistent with the above, for the three months ended March 31, 2014, we recognized a net increase in the valuation allowance of $24.4 million. In accordance with the intraperiod tax allocation rules, the change in the valuation allowance has been allocated to various financial statement components of income or loss. The net deferred tax assets decreased $22.6 million in the three months ended March 31, 2014 attributable to available-for-sale debt securities with gross unrealized losses.
	The Company and its subsidiaries file consolidated, combined, unitary or separate income tax returns in the U.S. federal, various state and foreign jurisdictions. The Company is no longer subject to U.S. federal income tax examinations by tax authorities for years before 2011.
	Based upon the timing and status of our current examinations by taxing authorities, we do not believe that it is reasonably possible that any changes to the balance of unrecognized tax benefits occurring within the next 12 months will result in a significant change to the results of operations, financial condition or liquidity. In addition, we do not anticipate that there will be additional payments made or refunds received within the next 12 months with respect to the years under audit. We do not anticipate any increases to the existing unrecognized tax benefits that would have a significant impact on the financial position of the Company.
	As part of the intercompany tax sharing agreement, the holding company is required to hold funds in escrow for the benefit of Phoenix Life Insurance Company in the event Phoenix Life incurs future taxable losses. In accordance with its regulatory obligation, the Company expects, in the fourth quarter of 2014, to fund the escrow with $78.9 million of assets including treasury stock, a surplus note issued by PHL Variable Insurance Company and cash from the holding company. The escrow amount is primarily attributable to cash due to the holding company for losses utilized and benefited in the 2013 tax return.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Income	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Accumulated Other Comprehensive Income	'
	Accumulated Other Comprehensive Income
	Changes in each component of AOCI attributable to the Company for the periods ended March 31, 2014 and 2013 are as follows below (net of tax):
	Accumulated Other Comprehensive Income (Loss)	Net Unrealized Gains / (Losses) on Investments where				Net Unrealized Gains / (Losses) on All Other Investments [1]				Net Pension Liability Adjustments			Total
	Attributable to The Phoenix Companies, Inc.:	Credit-related OTTI was Recognized [1]
	($ in millions)
	Balance as of December 31, 2012	$	(6.2	)		$	77.9			$	(321.0	)	$	(249.3	)
	Change in component during the period	5.8				(16.4		)		2.1			(8.5		)
	before reclassifications
	Amounts reclassified from AOCI	(0.3		)		(4.4		)		1.7			(3.0		)
	Balance as of March 31, 2013	$	(0.7	)		$	57.1			$	(317.2	)	$	(260.8	)
	Balance as of December 31, 2013	$	10			$	26.5			$	(221.7	)	$	(185.2	)
	Change in component during the period	5.5				(11.1		)		0.6			(5.0		)
	before reclassifications
	Amounts reclassified from AOCI	(3.1		)		(3.1		)		1			(5.2		)
	Balance as of March 31, 2014	$	12.4			$	12.3			$	(220.1	)	$	(195.4	)
	———————
	[1]	See Note 7 to these consolidated interim unaudited financial statements for additional information regarding offsets to net unrealized investment gains and losses which include policyholder dividend obligation, DAC and other actuarial offsets, and deferred income tax expense (benefit).
	Reclassifications from AOCI consist of the following:
	AOCI		Amounts Reclassified from AOCI								Affected Line Item in the
											Consolidated Statements of Income and Comprehensive Income
	($ in millions)		Three Months Ended March 31,
			2014				2013
	Net unrealized gains / (losses) on investments where
	credit-related OTTI was recognized:
	Available-for-sale securities		$	4.8			$	0.5			Net realized capital gains (losses)
			4.8				0.5				Total before income taxes
			1.7				0.2				Income tax expense (benefit)
			$	3.1			$	0.3			Net income (loss)
	Net unrealized investment gains / (losses)
	on all other investments:
	Available-for-sale securities		$	4.7			$	6.7			Net realized capital gains (losses)
			4.7				6.7				Total before income taxes
			1.6				2.3				Income tax expense (benefit)
			$	3.1			$	4.4			Net income (loss)
	Net pension liability adjustments:
	Amortization of actuarial gains (losses)		$	(1.9	)		$	(2.9	)		Other operating expense
	Amortization of prior service costs		0.3				0.3				Other operating expense
			(1.6		)		(2.6		)		Total before income taxes
			(0.6		)		(0.9		)		Income tax expense (benefit)
			$	(1.0	)		$	(1.7	)		Net income (loss)
	Total amounts reclassified from AOCI		$	5.2			$	3			Net income (loss)

Employee_Benefit_Plans_and_Emp

Employee Benefit Plans and Employment Agreements	3 Months Ended
	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Employee Benefit Plans and Employment Agreements	'
	Employee Benefit Plans and Employment Agreements
	Pension and other post-employment benefits
	We provide our employees with post-employment benefits that include retirement benefits, through pension and savings plans, and other benefits, including health care and life insurance. The components of pension and post-employment benefit costs follow:
	Components of Pension Benefit Costs:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Service cost	$	0.6		$	0.5
	Interest cost	9.1			8.2
	Expected return on plan assets	(9.5		)	(9.0		)
	Net loss amortization	2			2.9
	Pension benefit cost	$	2.2		$	2.6
	Components of Other Post-Employment Benefit Costs:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Service cost	$	—		$	—
	Interest cost	0.4			0.3
	Net gain amortization	(0.1		)	—
	Prior service cost amortization	(0.3		)	(0.3		)
	Other post-employment benefit cost	$	—		$	—
	For the three months ended March 31, 2014, other comprehensive loss included unrealized gains of $1.1 million, net of taxes, relating to the amortization of net prior service costs and net gains/losses. Effective March 31, 2010, all benefit accruals under all of our funded and unfunded defined benefit plans were frozen.
	During the three months ended March 31, 2014, we made contributions of $3.3 million to the pension plan. We expect to make additional contributions of $8.5 million to the pension plan by December 31, 2014.
	Savings plans
	During the three months ended March 31, 2014 and 2013, we incurred costs of $1.4 million and $1.3 million, respectively, for contributions to our savings plans.
	Effective April 1, 2010, employees (except Saybrus employees) are eligible to receive an employer discretionary contribution according to the plan terms.

ShareBased_Payments

Share-Based Payments	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Share-based Payments	'
	Share-Based Payments
	We provide share-based compensation to certain of our employees and non-employee directors. The compensation cost that has been charged against income for these plans is summarized in the following table:
	Share-Based Compensation Plans:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Compensation cost charged to income from continuing operations	$	0.2		$	0.7
	Income tax expense (benefit) before valuation allowance	$	(0.1	)	$	(0.2	)
	We did not capitalize any of the cost of stock-based compensation during the three month periods ended March 31, 2014 and 2013. In satisfaction of stock-based compensation, shares issued may be made available from authorized but unissued shares or shares may be purchased on the open market.

Earnings_Per_Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	Earnings Per Share
	The following table presents a reconciliation of shares used in calculating basic earnings (loss) per common share to those used in calculating diluted earnings (loss) per common share.
	Shares Used in Calculation of Earnings Per Share:	Three Months Ended
	(shares in thousands)	March 31,
		2014	2013
	Weighted-average common shares outstanding	5,742	5,715
	Weighted-average effect of dilutive potential common shares:
	Restricted stock units	17	59
	Employee stock options	2	—
	Potential common shares	19	59
	Less: Potential common shares excluded from	19	59
	calculation due to net losses
	Dilutive potential common shares	—	—
	Weighted-average common shares outstanding,	5,742	5,715
	including dilutive potential common shares
	As a result of the net loss from continuing operations for the three months ended March 31, 2014 and 2013, we are required to use basic weighted-average common shares outstanding in the calculation of diluted earnings per share for those periods, since the inclusion of shares of restricted stock units and options would have been anti-dilutive to the earnings per share calculation.

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	Segment Information
	In managing our business, we analyze segment performance on the basis of operating income. Operating income, as well as components of and financial measures derived from operating income, are non-U.S. GAAP financial measures.
	Management believes that these measures provide additional insight into the underlying trends in our operations and are the internal performance measures we use in the management of our operations, including our compensation plans and planning processes. However, our non-U.S. GAAP financial measures should not be considered as substitutes for net income or measures that are derived from or incorporate net income and may be different from similarly titled measures of other companies. Investors should evaluate both U.S. GAAP and non-U.S. GAAP financial measures when reviewing our performance. Operating income is calculated by excluding realized investment gains (losses) as their amount and timing may be subject to management’s investment decisions.
	Segment Information	Three Months Ended
	on Revenues:	March 31,
	($ in millions)	2014			2013
	Life and Annuity [1]	$	397.4		$	390.7
	Saybrus Partners [2]	7.3			5.8
	Less: Intercompany revenues [3]	2.5			2.3
	Total revenues	$	402.2		$	394.2
	———————
	[1]	Includes intercompany interest revenue of $0.1 million and $0.1 million for the three months ended March 31, 2014 and 2013, respectively.
	[2]	Includes intercompany commission revenue of $2.6 million and $2.4 million for the three months ended March 31, 2014 and 2013, respectively.
	[3]	All intercompany balances are eliminated in consolidating the financial statements.
	Life and Annuity derives revenue from premiums, fee income and COI charges and net investment income. Saybrus derives revenue primarily from fees collected for advisory and distribution services.
	Results of Operations by Segment as Reconciled to	Three Months Ended
	Consolidated Net Income (Loss):	March 31,
	($ in millions)	2014			2013
	Life and Annuity operating income (loss)	$	(9.6	)	$	(46.8	)
	Saybrus Partners operating income (loss)	0.3			(0.1		)
	Less: Applicable income tax expense (benefit)	(3.6		)	4.2
	Income (loss) from discontinued operations, net of income taxes	(0.9		)	(1.8		)
	Net realized investment gains (losses)	(25.7		)	(15.9		)
	Less:  Net income (loss) attributable to noncontrolling interests	1			(0.1		)
	Net income (loss)	$	(33.3	)	$	(68.7	)
	We have not provided asset information for the segments. The assets attributable to Saybrus are not significant relative to the assets of our consolidated balance sheets and are not utilized by the chief operating decision maker. All third-party interest revenue and interest expense of the Company reside within the Life and Annuity segment.

Discontinued_Operations

Discontinued Operations	3 Months Ended
	Mar. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]	'
Discontinued Operations	'
	Discontinued Operations
	PFG Holdings, Inc.
	On January 4, 2010, we signed a definitive agreement to sell PFG and its subsidiaries, including AGL Life Assurance Company, to Tiptree. Because of the divestiture, these operations are reflected as discontinued operations. On June 23, 2010, we completed the divestiture of PFG and closed the transaction.
	There were no assets or liabilities on the consolidated balance sheets identified as discontinued operations related to PFG at March 31, 2014 and December 31, 2013.
	Net losses of $0.0 million and $0.8 million were recognized during the three months ended March 31, 2014 and 2013, respectively, primarily related to accrued legal fees attributable to these matters.
	Discontinued Reinsurance Operations
	In 1999, we discontinued our reinsurance operations through a combination of sale, reinsurance and placement of certain retained group accident and health reinsurance business into run-off. We adopted a formal plan to stop writing new contracts covering these risks and to end the existing contracts as soon as those contracts would permit. However, we remain liable for claims under contracts which have not been commuted.
	We have established reserves for claims and related expenses that we expect to pay on our discontinued group accident and health reinsurance business. These reserves are based on currently known facts and estimates about, among other things, the amount of insured losses and expenses that we believe we will pay, the period over which they will be paid, the amount of reinsurance we believe we will collect from our retrocessionaires and the likely legal and administrative costs of winding down the business. Our total policy liabilities and accruals were $37.1 million and $38.4 million as of March 31, 2014 and December 31, 2013, respectively. Our total amounts recoverable from retrocessionaires related to paid losses were $0.1 million and $0.1 million as of March 31, 2014 and December 31, 2013, respectively. Net losses of $0.9 million and $1.0 million were recognized during the three months ended March 31, 2014 and 2013, respectively, as a result of an increase in reserves reported to us by certain ceding companies. See Note 20 to these consolidated interim unaudited financial statements for additional discussion on remaining liabilities of our discontinued reinsurance operations.

Contingent_Liabilities

Contingent Liabilities	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingent Liabilities	'
	Contingent Liabilities
	Litigation and arbitration
	The Company is regularly involved in litigation and arbitration, both as a defendant and as a plaintiff. The litigation and arbitration naming the Company as a defendant ordinarily involves our activities as an insurer, employer, investor, investment advisor or taxpayer.
	It is not feasible to predict or determine the ultimate outcome of all legal or arbitration proceedings or to provide reasonable ranges of potential losses. Management of the Company believes that the outcome of our litigation and arbitration matters are not likely, either individually or in the aggregate, to have a material adverse effect on the financial condition of the Company. However, given the large or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation and arbitration, it is possible that an adverse outcome in certain matters could, from time to time, have a material adverse effect on the results of operations or cash flows in particular quarterly or annual periods.
	SEC Cease-and-Desist Order
	Phoenix and PHL Variable are subject to a Securities and Exchange Commission (the “SEC”) Order Instituting Cease-and-Desist Proceedings Pursuant to Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order which was approved by the SEC in March 2014 (the “March 2014 Order”) and was subsequently amended by an amended Order approved by the SEC in August 2014 (the “Amended Order”). Except as amended by the Amended Order, the March 2014 Order remains in effect. The March 2014 Order, as amended by the Amended Order, directed Phoenix and PHL Variable to cease and desist from committing or causing any violations and any future violations of Section 13(a) of the Exchange Act and Rules 13a-1 and 13a-13 thereunder and Section 15(d) of the Exchange Act and Rules 15d-1 and 15d-13 thereunder, imposed civil monetary penalties of $475,000 on each of Phoenix and PHL Variable, which have been paid, and requires Phoenix and PHL Variable to file their respective delayed SEC periodic reports with the SEC in accordance with schedules set forth in the Amended Order. The Amended Order provides that any failure by Phoenix or PHL Variable to comply with these schedules with respect to any Phoenix or PHL Variable periodic report covered by the Amended Order will result in the imposition of the following additional monetary penalties with respect to such filing: $20,000 per filing for the first week in which a filing is delinquent, plus, for each week or partial week thereafter an additional amount equal to the sum of a) $20,000 and b) $5,000 multiplied by the number of complete weeks that the filing has been delinquent before the week in which the late filing is made.
	The following table sets forth the deadlines in the Amended Order for Phoenix’s SEC periodic reports:
	Phoenix Timetable of SEC Periodic Reports
	Form	Period	Amended Deadline
	10-K	Year ended December 31, 2013	6-Aug-14
	10-Q	Quarterly Period ended March 31, 2013	10-Sep-14
	10-Q	Quarterly Period ended June 30, 2013	10-Sep-14
	10-Q	Quarterly Period ended September 30, 2013	10-Sep-14
	10-Q	Quarterly Period ended March 31, 2014	17-Oct-14
	10-Q	Quarterly Period ended June 30, 2014	24-Oct-14
	10-Q	Quarterly Period ended September 30, 2014	5-Dec-14
	As of the date of filing of this Form 10-Q, Phoenix believes it will become a timely filer with the filing of its Annual Report on Form 10-K for the year ending December 31, 2014. Phoenix filed its Annual Report on Form 10-K for the year ended December 31, 2013 with the SEC on August 6, 2014 and filed its Quarterly Reports on Form 10-Q for the periods ended March 31, 2013, June 30, 2013 and September 30, 2013 with the SEC on September 11, 2014.
	The following table sets forth the deadlines in the Amended Order for PHL Variable’s SEC periodic reports:
	PHL Variable Timetable of SEC Periodic Reports
	Form	Period	Amended Deadline
	10-K	Year ended December 31, 2013	22-Aug-14
	10-Q	Quarterly Period ended March 31, 2013	12-Sep-14
	10-Q	Quarterly Period ended June 30, 2013	12-Sep-14
	10-Q	Quarterly Period ended September 30, 2013	12-Sep-14
	10-Q	Quarterly Period ended March 31, 2014	21-Oct-14
	10-Q	Quarterly Period ended June 30, 2014	28-Oct-14
	10-Q	Quarterly Period ended September 30, 2014	12-Dec-14
	As of the date of filing of this Form 10-Q, PHL Variable believes it will become a timely filer with the filing of its Annual Report on Form 10-K for the year ending December 31, 2014. PHL Variable filed its Annual Report on Form 10-K for the year ended December 31, 2013 with the SEC on August 22, 2014 and filed its Quarterly Reports on Form 10-Q for the periods ended March 31, 2013, June 30, 2013 and September 30, 2013 with the SEC on September 12, 2014.
	Cases Brought by Policy Investors
	On June 5, 2012, Wilmington Savings Fund Society, FSB, as successor in interest to Christiana Bank & Trust Company and as trustee of 60 unnamed trusts, filed suit against Phoenix, Phoenix Life and PHL Variable in the United States District Court for the Central District of California; the case was later transferred to the District of Delaware (C.A. No. 13-499-RGA) by order dated March 28, 2013. After the plaintiffs twice amended their complaint, and dropped Phoenix as a defendant and dropped one of the plaintiff Trusts, the court issued an order on April 9, 2014 dismissing seven of the ten counts, and partially dismissing two more, with prejudice. The court dismissed claims alleging that Phoenix Life and PHL Variable committed RICO violations and fraud by continuing to collect premiums while concealing an intent to later deny death claims. The claims that remain in the case seek a declaration that the policies at issue are valid, and damages relating to cost of insurance increases. We believe we have meritorious defenses against this lawsuit and we intend to vigorously defend against these claims. The outcome of this litigation and any potential losses are uncertain.
	On August 2, 2012, Lima LS PLC filed a complaint against Phoenix, Phoenix Life, PHL Variable, James D. Wehr, Philip K. Polkinghorn, Edward W. Cassidy, Dona D. Young and other unnamed defendants in the United States District Court for the District of Connecticut (Case No. CV12-01122). On July 1, 2013, the defendants’ motion to dismiss the complaint was granted in part and denied in part. Thereafter, on July 31, 2013, the plaintiff served an amended complaint against the same defendants, with the exception that Mr. Cassidy was dropped as a defendant. The plaintiffs allege that Phoenix Life promoted certain policy sales knowing that the policies would ultimately be owned by investors and then challenging the validity of these policies or denying claims submitted on these policies. Plaintiffs are seeking damages, including punitive and treble damages, attorneys’ fees and a declaratory judgment. We believe we have meritorious defenses against this lawsuit and we intend to vigorously defend against these claims. The outcome of this litigation and any potential losses are uncertain.
	Cost of Insurance Cases
	On November 18, 2011, Martin Fleisher and another plaintiff (the “Fleisher Litigation”), on behalf of themselves and others similarly situated, filed suit against Phoenix Life in the United States District Court for the Southern District of New York (C.A. No. 1:11-cv-08405-CM-JCF (U.S. Dist. Ct; S.D.N.Y.)) challenging COI rate adjustments implemented by Phoenix Life in 2010 and 2011, which Phoenix Life maintains were based on policy language permitting such adjustments. By order dated July 12, 2013, two separate classes were certified in the Fleisher Litigation; by subsequent order dated August 26, 2013, the court decertified one of the classes. The complaint seeks damages for breach of contract. The class certified in the court’s July 12, 2013 order, as limited by the court’s August 26, 2013 order, is limited to holders of Phoenix Life policies issued in New York subject to New York law and subject to Phoenix Life’s 2011 COI rate adjustment. By order dated April 29, 2014, the court denied Martin Fleisher’s motion for summary judgment in the Fleisher Litigation in its entirety, while granting in part and denying in part Phoenix Life’s motion for summary judgment.
	Phoenix Life’s subsidiary, PHL Variable, has been named as a defendant in five actions challenging its COI rate adjustments implemented concurrently with the Phoenix Life adjustments. These five cases, which are not styled as class actions, have been brought against PHL Variable by (1) Tiger Capital LLC (C.A. No. 1:12-cv- 02939-CM-JCF; U.S. Dist. Ct; S.D.N.Y., complaint filed on March 14, 2012; the “Tiger Capital Litigation”) and (2-5) U.S. Bank National Association, as securities intermediary for Lima Acquisition LP ((2: C.A. No. 1:12-cv-06811-CM-JCF; U.S. Dist. Ct; S.D.N.Y., complaint filed on November 16, 2011; 3: C.A. No. 1:13-cv-01580-CM-JCF; U.S. Dist. Ct; S.D.N.Y., complaint filed on March 8, 2013; collectively, the “U.S. Bank N.Y. Litigations”); (4: C.A. No. 3:14-cv-00555-WWE; U.S. Dist. Ct; D. Conn., complaint originally filed on March 6, 2013, in the District of Delaware and transferred by order dated April 22, 2014, to the District of Connecticut; and 5: C.A. No. 3:14-cv-01398-WWE, U.S. Dist. Ct; D. Conn., complaint filed on September 23, 2014 (collectively the “U.S. Bank Conn. Litigations”)).
	The Tiger Capital Litigation and the two U.S. Bank N.Y. Litigations were assigned to the same judge as the Fleisher Litigation, and discovery in these four actions has concluded. By orders in both U.S. Bank N.Y. Litigations dated May 23, 2014, the court denied U.S. Bank’s motions for summary judgment in their entirety, while granting in part and denying in part PHL Variable’s motions for summary judgment. U.S. Bank moved for reconsideration of the court’s summary judgment decisions in the U.S. Bank N.Y. Litigations, which the court denied by orders dated June 4, 2014. By order in the Tiger Capital Litigation dated July 23, 2014, the court denied Tiger Capital’s motion for summary judgment in its entirety, while granting in part and denying in part PHL Variable’s motion for summary judgment. Plaintiff in the Tiger Capital Litigation seeks damages for breach of contract. Plaintiff in the U.S. Bank N.Y. Litigations and the U.S. Bank Conn. Litigations seeks damages and attorneys’ fees for breach of contract and other common law and statutory claims.
	By letter dated October 1, 2014, the U.S. District Court for the Southern District of New York consolidated the Fleisher Litigation, the Tiger Litigation, and the U.S. Bank N.Y. Litigations for trial, which is expected to begin on March 9, 2015.
	Complaints to state insurance departments regarding PHL Variable’s COI rate adjustments have also prompted regulatory inquiries or investigations in several states, with two of such states (California and Wisconsin) issuing letters directing PHL Variable to take remedial action in response to complaints by a single policyholder. PHL Variable disagrees with both states’ positions and, on April 30, 2013, Wisconsin commenced an administrative hearing to obtain a formal ruling on its position, which is pending. (OCI Case No. 13- C35362).
	Phoenix Life and PHL Variable believe that they have meritorious defenses against all of these lawsuits and regulatory directives and intend to vigorously defend against them. The outcome of these matters is uncertain and any potential losses cannot be reasonably estimated.
	Regulatory matters
	State regulatory bodies, the SEC, the Financial Industry Regulatory Authority (“FINRA”), the IRS and other regulatory bodies regularly make inquiries of us and, from time to time, conduct examinations or investigations concerning our compliance with laws and regulations related to, among other things, our insurance and broker-dealer subsidiaries, securities offerings and registered products. We endeavor to respond to such inquiries in an appropriate way and to take corrective action if warranted. Further, the Company is providing to the SEC certain information and documentation regarding the restatement of its prior period financial statements and the staff of the SEC has indicated to the Company that the matter remains subject to further investigation and potential further regulatory action. We cannot predict the outcome of any of such investigations or actions related to these or other matters.
	Regulatory actions may be difficult to assess or quantify. The nature and magnitude of their outcomes may remain unknown for substantial periods of time. It is not feasible to predict or determine the ultimate outcome of all pending inquiries, investigations, legal proceedings and other regulatory actions, or to provide reasonable ranges of potential losses. Based on current information, we believe that the outcomes of our regulatory matters are not likely, either individually or in the aggregate, to have a material adverse effect on our consolidated financial condition. However, given the inherent unpredictability of regulatory matters, it is possible that an adverse outcome in certain matters could, from time to time, have a material adverse effect on our consolidated financial statements in particular quarterly or annual periods.
	State Insurance Department Examinations
	During 2012 and 2013, the NYDFS conducted its routine quinquennial financial and market conduct examination covering the period ended December 31, 2012 of Phoenix Life. The Connecticut Insurance Department conducted its routine financial examination of PHL Variable and two other Connecticut-domiciled insurance subsidiaries. The NYDFS issued the financial examination portion of its report for Phoenix Life on June 26, 2014. The Connecticut Insurance Department released its financial examination report for PHL Variable on May 28, 2014. We expect to receive final market conduct examination reports in 2014.
	Unclaimed Property Inquiries
	On July 5, 2011, the NYDFS issued a letter (“308 Letter”) requiring life insurers doing business in New York to use data available on the U.S. Social Security Administration’s Death Master File or a similar database to identify instances where death benefits under life insurance policies, annuities and retained asset accounts are payable, to locate and pay beneficiaries under such contracts and to report the results of the use of the data. Additionally, the insurers are required to report on their success in finding and making payments to beneficiaries or escheatment of funds deemed abandoned under state laws. We have substantially completed the work associated with this matter and the remaining amount of claim and interest payments to beneficiaries or state(s) has been recorded in policy liabilities and accruals. In addition, 39 states have indicated their intent to perform an unclaimed property audit of funds deemed abandoned under state laws. The audits are in process.
	Discontinued Reinsurance Operations
	In 1999, Phoenix Life discontinued reinsurance operations through a combination of sale, reinsurance and placement of certain retained group accident and health reinsurance business into run-off. A formal plan was adopted to stop writing new contracts covering these risks and to end existing contracts as soon as those contracts would permit. However, Phoenix Life remains subject to claims under contracts that have not been commuted. Certain discontinued group accident and health reinsurance business was the subject of disputes concerning the placement of the business with reinsurers and the recovery of reinsurance. These disputes have been substantially resolved or settled.
	We have established reserves for claims and related expenses that we expect to pay on our discontinued group accident and health reinsurance business. These reserves are based on currently known facts and estimates about, among other things, the amount of insured losses and expenses that we believe we will pay, the period over which they will be paid, the amount of reinsurance we believe we will collect from our retrocessionaires and the likely legal and administrative costs of winding down the business.
	Phoenix Life expects reserves and reinsurance to cover the run-off of the business; however, unfavorable or favorable claims and/or reinsurance recovery experience are reasonably possible and could result in our recognition of additional losses or gains in future years. Management believes, based on current information and after consideration of the provisions made in these consolidated interim unaudited financial statements, that any future adverse or favorable development of recorded reserves and/or reinsurance recoverables will not have a material adverse effect on its financial position. Nevertheless, it is possible that future developments could have a material adverse effect on our results of operations.
	See Note 19 to these consolidated interim unaudited financial statements for more information regarding discontinued operations.

Other_Commitments

Other Commitments	3 Months Ended
	Mar. 31, 2014
Other Commitments [Abstract]	'
Other Commitments	'
	Other Commitments
	We have an agreement with HP Enterprise Services related to the management of our infrastructure services which expires in 2015. The remaining commitments total $24.7 million: $10.4 million in the second, third and fourth quarters of 2014 and $14.3 million in 2015.
	As part of its normal investment activities, the Company enters into agreements to fund limited partnerships that make debt and equity investments. As of March 31, 2014, the Company had unfunded commitments of $238.2 million under such agreements, of which $56.3 million is expected to be funded by December 31, 2014.
	In addition, the Company enters into agreements to purchase private placement investments. At March 31, 2014, the Company had open commitments of $71.3 million under such agreements which are expected to be fully funded by December 15, 2014.

Subsequent_Events

Subsequent Events	3 Months Ended
	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events	'
	Subsequent Events
	Management and Organizational Changes
	On April 23, 2014, we announced the retirement of Mr. Gordon J. Davis, from the Board, effective Thursday, May 22, 2014, in keeping with the Board’s retirement guidelines.
	On May 28, 2014, we announced the appointment of Westley V. Thompson to the Board, effective September 1, 2014, to fill the vacancy resulting from the retirement of Mr. Davis.
	On August 11, 2014, we announced the resignation of Douglas C. Miller as Senior Vice President and Chief Accounting Officer of the Company and the appointment of Ernest McNeill, Jr. as Senior Vice President and Chief Accounting Officer of the Company, each effective August 25, 2014.
	Dividends
	On May 22, 2014, Phoenix Life paid a $11.9 million dividend to Phoenix.
	On September 18, 2014, Phoenix Life paid a $14.8 million dividend to Phoenix.
	Late Filings
	On April 1, 2014, Phoenix filed with the SEC its 2012 Form 10-K containing its restatement of previously issued audited financial statements prepared in accordance with U.S. GAAP. The 2012 Form 10-K contains audited financial statements of the Company for the years ended December 31, 2012, 2011 and 2010 and interim unaudited financial statements presented for each quarter during the fiscal years 2012 and 2011, which in each case are presented on a restated and amended basis to the extent previously filed in a periodic report by the Company with the SEC.
	On May 12, 2014, we filed a Notification of Late Filing on Form 12b-25 with the SEC disclosing that we would be unable to timely file our Quarterly Report on Form 10-Q for the period ending March 31, 2014 with the SEC.
	On August 8, 2014, we filed a Notification of Late Filing on Form 12b-25 with the SEC disclosing that we would be unable to timely file our Quarterly Report on Form 10-Q for the period ending June 30, 2014 with the SEC.
	NYSE Actions
	On April 4, 2014, we filed a Current Report on Form 8-K with the SEC announcing that on April 2, 2014 we received from the NYSE Regulation, Inc. (the “NYSE”) a notice of failure to satisfy a continued listing rule or standard and related monitoring. This notice informed us that, as a result of our failure to timely file our Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”), we are subject to the procedures specified in Section 802.01E (SEC Annual Report Timely Filing Criteria) of the NYSE Listed Company Manual (“Section 802.01E”). Under the Section 802.01E procedures, the NYSE will monitor the status of filing of the 2013 Form 10-K and related public disclosures for up to a six-month period from its due date. If the Company has not filed the 2013 Form 10-K within six months from the filing due date, the NYSE may, in its sole discretion, allow the Company’s common stock to trade for up to an additional six months pending the filing of the 2013 Form 10-K prior to commencing suspension or delisting procedures, depending on the Company’s specific circumstances. The Company believes that the filing of its 2013 Form 10-K on August 6, 2014 satisfies the NYSE requirement to file an Annual Report on Form 10-K for the fiscal year ended December 31, 2013.
	Rating Agency Actions
	On May 20, 2014, Standard & Poor’s Rating Services (“S&P”) placed its ‘B-’ long-term counterparty credit rating on Phoenix and its ‘BB-’ long-term counterparty credit and financial strength ratings on Phoenix Life and PHL Variable on CreditWatch with negative implications.
	On August 12, 2014, S&P lowered its financial strength ratings on Phoenix Life and PHL Variable to ‘B+’ from ‘BB-’ and affirmed its ‘B-’ long-term counterparty credit ratings on Phoenix. They removed the credit ratings from CreditWatch and assigned a negative outlook.
	On October 1, 2014, A. M. Best affirmed its financial strength ratings of B (Fair) and issuer credit ratings of “bb+” for Phoenix Life and PHL Variable. They also affirmed the issuer credit ratings and senior debt ratings of “b” of Phoenix. The financial strength ratings continue to have a stable outlook and the issuer credit ratings retain a negative outlook.
	SEC Cease-and-Desist Order
	See Note 20 to these consolidated interim unaudited financial statements for additional information regarding the SEC Cease-and-Desist Order, as amended.

Basis_of_Presentation_and_Sign1

Basis of Presentation and Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of presentation	'
	We have prepared these consolidated interim unaudited financial statements in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”), which differs materially from the accounting practices prescribed by various insurance regulatory authorities. Our consolidated interim unaudited financial statements include the accounts of the Company and its subsidiaries. Intercompany balances and transactions have been eliminated in consolidating these interim unaudited financial statements.
Reclassification	'
	Certain prior year amounts have been reclassified to conform to the current year presentation. These consolidated interim unaudited financial statements include all adjustments (consisting primarily of accruals) considered necessary for the fair statement of the consolidated balance sheets, consolidated statements of income and comprehensive income, consolidated statements of cash flows and consolidated statements of changes in stockholders’ equity for the interim periods. Certain financial information that is not required for interim reporting has been omitted. Financial results for the three months ended March 31, 2014 are not necessarily indicative of full year results. Results for the quarter ended March 31, 2014 include $1.5 million of income related to out-of-period adjustments. Such amounts are not material to any period presented. These consolidated interim unaudited financial statements should be read in conjunction with the consolidated financial statements for the year ended December 31, 2013 contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013 (the “2013 Form 10-K”).
Use of Estimates	'
	Use of estimates
	In preparing these consolidated interim unaudited financial statements in conformity with U.S. GAAP, we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the consolidated interim unaudited financial statements and the reported amounts of revenues and expenses during the reporting periods. Significant estimates and assumptions are made in the determination of estimated gross profits (“EGPs”) and estimated gross margins (“EGMs”) used in the valuation and amortization of assets and liabilities associated with universal life and annuity contracts; policyholder liabilities and accruals; valuation of investments in debt and equity securities; limited partnerships and other investments; valuation of deferred tax assets; pension and other post-employment benefits liabilities; and accruals for contingent liabilities. Certain of these estimates are particularly sensitive to market conditions and/or volatility in the debt or equity markets could have a material impact on the consolidated interim unaudited financial statements. Actual results could differ from these estimates.
Adoption of new accounting standards and Accounting standards not yet adopted	'
	Adoption of new accounting standards
	Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or Tax Credit Carryforward Exists
	In July 2013, the FASB issued updated guidance regarding the presentation of unrecognized tax benefits when net operating loss carryforwards, similar tax losses, or tax credit carryforwards exist. This new guidance was effective for interim or annual reporting periods beginning after December 15, 2013. This new guidance did not have a material impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Investment Companies: Amendments to the Scope, Measurement and Disclosure Requirements
	In June 2013, the Financial Accounting Standards Board (the “FASB”) issued updated guidance clarifying the characteristics of an investment company and requiring new disclosures. This new guidance was effective for interim or annual reporting periods beginning after December 15, 2013. Under the guidance, all entities regulated under the Investment Company Act of 1940 automatically qualify as investment companies, while all other entities need to consider both the fundamental and typical characteristics of an investment company in determining whether they qualify as investment companies. This new guidance did not have a material impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Obligations Resulting for Joint and Several Liability Agreements for Which the Total Amount of the Obligation is Fixed at the Reporting Date
	In February 2013, the FASB issued new guidance regarding liabilities (“ASU 2013-04,” Liabilities (Topic 405): Obligations Resulting from Joint and Several Liability Arrangements for Which the Total Amount of the Obligation Is Fixed at the Reporting Date), effective retrospectively for fiscal years beginning after December 15, 2013 and interim periods within those years. The amendments require an entity to measure obligations resulting from joint and several liability arrangements for which the total amount of the obligation within the scope of the guidance is fixed at the reporting date, as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. In addition, the amendments require an entity to disclose the nature and amount of the obligation, as well as other information about the obligation. This new guidance did not have a material impact on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Accounting standards not yet adopted
	Our accounting standards not yet adopted are presented in the notes to our consolidated financial statements for the year ended December 31, 2013 contained in the 2013 Form 10-K. There have been no changes since the filing of the year end December 31, 2013 consolidated financial statements discussed above other than as noted below.
	Presentation of Financial Statements - Going Concern
	In August 2014, the FASB issued guidance on determining when and how to disclose going-concern uncertainties in the financial statements. The new standard requires management to perform interim and annual assessments of an entity’s ability to continue as a going concern within one year of the date the financial statements are issued. An entity must provide certain disclosures if conditions or events raise substantial doubt about the entity’s ability to continue as a going concern. The new guidance applies to all entities and is effective for annual periods ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Consolidation - Measuring the Financial Assets and the Financial Liabilities of a Consolidated Collateralized Financing Entity
	In August 2014, the FASB issued guidance allowing (i.e., not requiring) a reporting entity to measure the financial assets and financial liabilities of a consolidated collateralized financing entity, within the scope of the new guidance, based on either the fair value of the financial assets or financial liabilities, whichever is more observable (referred to as a “measurement alternative”). The new guidance will be effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2015 for public business entities. Early adoption will be permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations or financial statement disclosures.
	Revenue from Contracts with Customers
	In May 2014, the FASB issued updated guidance on accounting for revenue recognition. The guidance is based on the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. The guidance also requires additional disclosures about the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from cost incurred to obtain or fulfill a contract. Revenue recognition for insurance contracts is explicitly scoped out of the guidance. The new guidance is effective for annual periods and interim periods within those annual periods, beginning after December 15, 2016, and must be applied using one of two retrospective application methods. Early adoption is not permitted. The Company is currently assessing the impact of the guidance on the Company’s consolidated financial position, results of operations or financial statement disclosures.

Reinsurance_Tables

Reinsurance (Tables)	3 Months Ended
	Mar. 31, 2014
Insurance [Abstract]	'
Reinsurance activity	'
	Other reinsurance activity is shown below.
	Direct Business and Reinsurance in Continuing Operations:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Direct premiums	$	115.8		$	121.4
	Premiums assumed from reinsureds	1.8			2.6
	Premiums ceded to reinsurers [1]	(38.0		)	(41.3		)
	Premiums	$	79.6		$	82.7
	Percentage of amount assumed to net premiums	2.30%			3.10%
	Direct policy benefits incurred	$	179.5		$	219.6
	Policy benefits assumed from reinsureds	12.6			7.5
	Policy benefits ceded to reinsurers	(68.7		)	(65.2		)
	Premiums paid to reinsurers [2]	22.3			11.3
	Policy benefits [3]	$	145.7		$	173.2
	———————
	[1]	Primarily represents premiums ceded to reinsurers related to traditional life and term insurance policies.
	[2]	For universal life and variable universal life contracts, premiums paid to reinsurers are reflected within policy benefits. See Note 2 to these consolidated interim unaudited financial statements for additional information regarding significant accounting policies.
	[3]	Policy benefit amounts above exclude changes in reserves, interest credited to policyholders and other items, which total $90.3 million and $145.6 million, net of reinsurance, for the three months ended March 31, 2014 and 2013, respectively.

Demutualization_and_Closed_Blo1

Demutualization and Closed Block (Tables)	3 Months Ended
	Mar. 31, 2014
Insurance [Abstract]	'
Closed Block Assets And Liabilities	'
	Closed Block Assets and Liabilities as of:	31-Mar-14			31-Dec-13
	($ in millions)							Inception
	Available-for-sale debt securities	$	5,828.30		$	5,804.60		$	4,773.10
	Available-for-sale equity securities	26.4			25.8			—
	Short-term investments	161.7			106.9			—
	Limited partnerships and other investments	351.6			345.3			399
	Policy loans	1,188.10			1,201.60			1,380.00
	Fair value investments	43.5			40.3			—
	Total closed block investments	7,599.60			7,524.50			6,552.10
	Cash and cash equivalents	57.7			78.2			—
	Accrued investment income	82			81.7			106.8
	Reinsurance recoverable	35.6			26.8			—
	Deferred income taxes	276.2			284.9			389.4
	Other closed block assets	65.2			58.2			41.4
	Total closed block assets	8,116.30			8,054.30			7,089.70
	Policy liabilities and accruals	8,173.70			8,257.20			8,301.70
	Policyholder dividends payable	209.1			207.8			325.1
	Policy dividend obligation	610.5			497.9			—
	Other closed block liabilities	112.1			65.5			12.3
	Total closed block liabilities	9,105.40			9,028.40			8,639.10
	Excess of closed block liabilities over closed block assets [1]	989.1			974.1			$	1,549.40
	Less: Excess of closed block assets over closed block liabilities	(7.9		)	(7.4		)
	attributable to noncontrolling interests
	Excess of closed block liabilities over closed block assets attributable to	$	997		$	981.5
	The Phoenix Companies, Inc.
	———————
	[1]	The maximum future earnings summary to inure to the benefit of the stockholders is represented by the excess of closed block liabilities over closed block assets. All unrealized investment gains (losses), net of income tax, have been allocated to the policyholder dividend obligation.
Closed Block Revenues and Expenses	'
	Closed Block Revenues and Expenses and Changes in	Three Months Ended
	Policyholder Dividend Obligations:	March 31,
	($ in millions)	2014			2013
	Closed block revenues
	Premiums	$	72.8		$	75.5
	Net investment income	108.8			99.1
	Net realized investment gains (losses)	5.3			3.4
	Total revenues	186.9			178
	Policy benefits	104.4			162.8
	Other operating expenses	(0.7		)	1.3
	Total benefits and expenses	103.7			164.1
	Closed block contribution to income before dividends and income taxes	83.2			13.9
	Policyholder dividends	(73.8		)	(4.3		)
	Closed block contribution to income before income taxes	9.4			9.6
	Applicable income tax expense	3.3			3.4
	Closed block contribution to income	6.1			6.2
	Less: Closed block contribution to income attributable to noncontrolling interests	0.5			(0.1		)
	Closed block contribution to income attributable to The Phoenix Companies, Inc.	$	5.6		$	6.3
Closed Block Policyholder Dividend Obligation	'
	Closed Block Policyholder Dividend Obligation as of:	31-Mar-14			31-Dec-13
	($ in millions)
	Policyholder dividend obligation
	Policyholder dividends provided through earnings	$	73.8		$	189.4
	Policyholder dividends provided through OCI	82.1			(308.7		)
	Additions to (reductions of) policyholder dividend liabilities	155.9			(119.3		)
	Policyholder dividends paid	(42.0		)	(178.6		)
	Increase (decrease) in policyholder dividend liabilities	113.9			(297.9		)
	Policyholder dividend liabilities, beginning of period	705.7			1,003.60
	Policyholder dividend liabilities, end of period	819.6			705.7
	Policyholder dividends payable, end of period	(209.1		)	(207.8		)
	Policyholder dividend obligation, end of period	$	610.5		$	497.9

Deferred_Policy_Acquisition_Co1

Deferred Policy Acquisition Costs (Tables)	3 Months Ended
	Mar. 31, 2014
Deferred Policy Acquisition Costs Disclosures [Abstract]	'
Schedule Of Deferred Policy Acquisition Costs	'
	The balances of and changes in deferred policy acquisition costs (“DAC”) as of and for the periods ended March 31, 2014 and 2013 are as follows:
	Deferred Policy Acquisition Costs:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Balance, beginning of period	$	940.6		$	902.2
	Policy acquisition costs deferred	14.4			14.9
	Costs amortized to expenses:
	Recurring costs	(33.5		)	(48.6		)
	Realized investment gains (losses)	11.1			3.3
	Offsets to net unrealized investment gains or losses included in AOCI	(40.2		)	9.7
	Balance, end of period	$	892.4		$	881.5

Sales_Inducements_Tables

Sales Inducements (Tables)	3 Months Ended
	Mar. 31, 2014
Deferred Sales Inducements [Abstract]	'
Changes in Deferred Sales Inducement Activity	'
	The balances of and changes in sales inducements as of and for the periods ended March 31, 2014 and 2013 are as follows:
	Changes in Deferred Sales Inducement Activity:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Balance, beginning of period	$	76.1		$	61.4
	Sales inducements deferred	2.1			2.8
	Amortization charged to income	(0.7		)	(0.7		)
	Offsets to net unrealized investment gains or losses included in AOCI	(3.2		)	1.3
	Balance, end of period	$	74.3		$	64.8

Investing_Activities_Tables

Investing Activities (Tables)	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Fair Value and Cost of Securities	'
	The following tables present the debt and equity securities available-for-sale by sector held at March 31, 2014 and December 31, 2013, respectively. The unrealized loss amounts presented below include the non-credit loss component of OTTI losses. We classify these investments into various sectors in line with industry conventions.
	Fair Value and Cost of Securities:	31-Mar-14
	($ in millions)				Gross			Gross						OTTI
		Amortized			Unrealized			Unrealized			Fair			Recognized
		Cost			Gains [1]			Losses [1]			Value			in AOCI [2]
	U.S. government and agency	$	379.1		$	40.9		$	(1.2	)	$	418.8		$	—
	State and political subdivision	409.5			24.4			(6.7		)	427.2			(1.1		)
	Foreign government	203.3			19.9			(0.2		)	223			—
	Corporate	7,433.90			490			(87.9		)	7,836.00			(8.6		)
	Commercial mortgage-backed (“CMBS”)	659.8			43.5			(1.2		)	702.1			(3.4		)
	Residential mortgage-backed (“RMBS”)	1,841.00			54.2			(27.5		)	1,867.70			(25.6		)
	Collateralized debt obligations (“CDO”) /	233.7			6.8			(4.4		)	236.1			(13.9		)
	collateralized loan obligations (“CLO”)
	Other asset-backed	283			14.4			(6.2		)	291.2			(1.8		)
	Available-for-sale debt securities	$	11,443.30		$	694.1		$	(135.3	)	$	12,002.10		$	(54.4	)
	Amounts applicable to the closed block	$	5,456.70		$	416.1		$	(44.5	)	$	5,828.30		$	(15.5	)
	Available-for-sale equity securities	$	40.8		$	24.4		$	(1.1	)	$	64.1		$	—
	Amounts applicable to the closed block	$	17.4		$	9.7		$	(0.7	)	$	26.4		$	—
	———————
	[1]	Net unrealized investment gains and losses on securities classified as available-for-sale and certain other assets are included in our consolidated balance sheets as a component of AOCI.
	[2]	Represents the amount of non-credit OTTI losses recognized in AOCI excluding net unrealized gains or losses subsequent to the date of impairment. The table above presents the special category of AOCI for debt securities that are other-than-temporarily impaired when the impairment loss has been split between the credit loss component (in earnings) and the non-credit component (separate category of AOCI).
	Fair Value and Cost of Securities:	31-Dec-13
	($ in millions)				Gross			Gross						OTTI
		Amortized			Unrealized			Unrealized			Fair			Recognized
		Cost			Gains [1]			Losses [1]			Value			in AOCI [2]
	U.S. government and agency	$	370.2		$	36.2		$	(2.6	)	$	403.8		$	—
	State and political subdivision	402.5			18.2			(10.2		)	410.5			(1.1		)
	Foreign government	194			16.6			(0.7		)	209.9			—
	Corporate	7,342.60			428			(140.1		)	7,630.50			(8.8		)
	CMBS	681.2			36.2			(2.9		)	714.5			(3.4		)
	RMBS	1,893.00			41.3			(37.4		)	1,896.90			(26.7		)
	CDO/CLO	223.4			5.8			(5.1		)	224.1			(15.3		)
	Other asset-backed	311.1			14.8			(7.5		)	318.4			(1.8		)
	Available-for-sale debt securities	$	11,418.00		$	597.1		$	(206.5	)	$	11,808.60		$	(57.1	)
	Amounts applicable to the closed block	$	5,515.20		$	365.4		$	(75.9	)	$	5,804.60		$	(16.5	)
	Available-for-sale equity securities	$	40.4		$	22.3		$	(0.9	)	$	61.8		$	—
	Amounts applicable to the closed block	$	17.1		$	9.1		$	(0.4	)	$	25.8		$	—
	———————
	[1]	Net unrealized investment gains and losses on securities classified as available-for-sale and certain other assets are included in our consolidated balance sheets as a component of AOCI.
	[2]	Represents the amount of non-credit OTTI losses recognized in AOCI excluding net unrealized gains or losses subsequent to the date of impairment. The table above presents the special category of AOCI for debt securities that are other-than-temporarily impaired when the impairment loss has been split between the credit loss component (in earnings) and the non-credit component (separate category of AOCI).
Maturities of Debt Securities	'
	Maturities of Debt Securities:	31-Mar-14
	($ in millions)	Amortized			Fair
		Cost			Value
	Due in one year or less	$	699.7		$	727.8
	Due after one year through five years	2,113.20			2,292.00
	Due after five years through ten years	3,035.60			3,136.10
	Due after ten years	2,577.30			2,749.10
	CMBS/RMBS/ABS/CDO/CLO [1]	3,017.50			3,097.10
	Total	$	11,443.30		$	12,002.10
	———————
	[1]	CMBS, RMBS, ABS, CDO and CLO are not listed separately in the table as each security does not have a single fixed maturity.
Sale of Available-for-Sale Securities	'
	The following table depicts the sources of available-for-sale investment proceeds and related investment gains (losses).
	Sales of Available-for-Sale Securities:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Debt securities, available-for-sale
	Proceeds from sales	$	48.4		$	26.1
	Proceeds from maturities/repayments	289.7			381.8
	Gross investment gains from sales, prepayments and maturities	10.7			11
	Gross investment losses from sales and maturities	(2.9		)	(1.4		)
	Equity securities, available-for-sale
	Proceeds from sales	$	4.1		$	1
	Gross investment gains from sales	1.9			0.3
	Gross investment losses from sales	—			—
Aging of Temporarily Impaired Securities	'
	Aging of Temporarily Impaired Securities:	31-Dec-13
	($ in millions)	Less than 12 months						Greater than 12 months						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
		Value			Losses			Value			Losses			Value			Losses
	Debt Securities
	U.S. government and agency	$	48		$	(2.1	)	$	3		$	(0.5	)	$	51		$	(2.6	)
	State and political subdivision	120.1			(7.6		)	10.7			(2.6		)	130.8			(10.2		)
	Foreign government	41			(0.7		)	—			—			41			(0.7		)
	Corporate	1,769.40			(91.8		)	314.9			(48.3		)	2,084.30			(140.1		)
	CMBS	93.7			(2.7		)	6.5			(0.2		)	100.2			(2.9		)
	RMBS	773.5			(24.4		)	144.4			(13.0		)	917.9			(37.4		)
	CDO/CLO	64.1			(0.6		)	97.1			(4.5		)	161.2			(5.1		)
	Other asset-backed	22.3			(0.1		)	29.5			(7.4		)	51.8			(7.5		)
	Debt securities	2,932.10			(130.0		)	606.1			(76.5		)	3,538.20			(206.5		)
	Equity securities	4			—			3.7			(0.9		)	7.7			(0.9		)
	Total temporarily impaired securities	$	2,936.10		$	(130.0	)	$	609.8		$	(77.4	)	$	3,545.90		$	(207.4	)
	Amounts inside the closed block	$	1,176.10		$	(48.9	)	$	224.6		$	(27.4	)	$	1,400.70		$	(76.3	)
	Amounts outside the closed block	$	1,760.00		$	(81.1	)	$	385.2		$	(50.0	)	$	2,145.20		$	(131.1	)
	Amounts outside the closed block	$	75.3		$	(3.5	)	$	52.9		$	(7.8	)	$	128.2		$	(11.3	)
	that are below investment grade
	Number of securities				476						154						630
	Aging of Temporarily Impaired Securities:	31-Mar-14
	($ in millions)	Less than 12 months						Greater than 12 months						Total
		Fair			Unrealized			Fair			Unrealized			Fair			Unrealized
		Value			Losses			Value			Losses			Value			Losses
	Debt Securities
	U.S. government and agency	$	33.3		$	(0.8	)	$	4.5		$	(0.4	)	$	37.8		$	(1.2	)
	State and political subdivision	80.9			(4.4		)	11			(2.3		)	91.9			(6.7		)
	Foreign government	21.3			(0.2		)	—			—			21.3			(0.2		)
	Corporate	1,077.40			(41.9		)	486.8			(46.0		)	1,564.20			(87.9		)
	CMBS	19.3			(0.9		)	8.5			(0.3		)	27.8			(1.2		)
	RMBS	427			(12.4		)	159.9			(15.1		)	586.9			(27.5		)
	CDO/CLO	58.4			(0.5		)	97.5			(3.9		)	155.9			(4.4		)
	Other asset-backed	—			—			24.7			(6.2		)	24.7			(6.2		)
	Debt securities	1,717.60			(61.1		)	792.9			(74.2		)	2,510.50			(135.3		)
	Equity securities	3.6			(0.4		)	0.8			(0.7		)	4.4			(1.1		)
	Total temporarily impaired securities	$	1,721.20		$	(61.5	)	$	793.7		$	(74.9	)	$	2,514.90		$	(136.4	)
	Amounts inside the closed block	$	607.7		$	(19.3	)	$	312.7		$	(25.9	)	$	920.4		$	(45.2	)
	Amounts outside the closed block	$	1,113.50		$	(42.2	)	$	481		$	(49.0	)	$	1,594.50		$	(91.2	)
	Amounts outside the closed block	$	26.8		$	(1.0	)	$	55.2		$	(6.1	)	$	82		$	(7.1	)
	that are below investment grade
	Number of securities				309						178						487
Credit Losses Recognized in Earnings on Debt Securities for which a Portion of the OTTI Loss was Recognized in OCI	'
	The following table presents a roll-forward of pre-tax credit losses recognized in earnings related to available-for-sale debt securities for which a portion of the OTTI was recognized in OCI.
	Credit Losses Recognized in Earnings on Available-for-Sale Debt Securities	Three Months Ended
	for which a Portion of the OTTI Loss was Recognized in OCI:	March 31,
	($ in millions)	2014			2013
	Balance, beginning of period	$	(72.0	)	$	(72.6	)
	Add: Credit losses on securities not previously impaired [1]	—			—
	Add: Credit losses on securities previously impaired [1]	—			(1.6		)
	Less: Credit losses on securities impaired due to intent to sell	—			—
	Less: Credit losses on securities sold	8.4			3.5
	Less: Increases in cash flows expected on previously impaired securities	—			—
	Balance, end of period	$	(63.6	)	$	(70.7	)
	———————
	[1]	Additional credit losses on securities for which a portion of the OTTI loss was recognized in AOCI are included within net OTTI losses recognized in earnings on the statements of income and comprehensive income.
Limited partnerships and other investments	'
	Limited partnerships and other investments
	Limited Partnerships and Other Investments:	31-Mar-14			31-Dec-13
	($ in millions)
	Limited partnerships
	Private equity funds	$	247.3		$	243.4
	Mezzanine funds	180.1			180.4
	Infrastructure funds	38.7			38.1
	Hedge funds	12			13
	Mortgage and real estate funds	3.8			3.3
	Leverage leases	15.3			16.8
	Direct equity investments	48			42.5
	Life settlements	21.9			21.6
	Other alternative assets	2.4			2.8
	Limited partnerships and other investments	$	569.5		$	561.9
	Amounts applicable to the closed block	$	351.6		$	345.3
Sources of Net Investment Income	'
	Sources of Net Investment Income:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Debt securities [1]	$	143.6		$	145.1
	Equity securities	0.6			(1.0		)
	Limited partnerships and other investments	32.7			12.5
	Policy loans	41.2			39.3
	Fair value investments	(0.4		)	(1.2		)
	Total investment income	217.7			194.7
	Less: Discontinued operations	0.3			0.3
	Less: Investment expenses	3.9			3.3
	Net investment income	$	213.5		$	191.1
	Amounts applicable to the closed block	$	108.8		$	99.1
	———————
	[1]	Includes net investment income on short-term investments.
Sources and Types of Net Realized Investment Gains (Losses)	'
	Sources and Types of	Three Months Ended
	Net Realized Investment Gains (Losses):	March 31,
	($ in millions)	2014			2013
	Total other-than-temporary debt impairments	$	—		$	(0.9	)
	Portion of gains (losses) recognized in OCI	(0.2		)	(1.7		)
	Net debt impairments recognized in earnings	$	(0.2	)	$	(2.6	)
	Debt security impairments:
	U.S. government and agency	$	—		$	—
	State and political subdivision	—			—
	Foreign government	—			—
	Corporate	(0.2		)	—
	CMBS	—			—
	RMBS	—			(1.8		)
	CDO/CLO	—			(0.8		)
	Other asset-backed	—			—
	Net debt security impairments	(0.2		)	(2.6		)
	Equity security impairments	—			—
	Limited partnerships and other investment impairments	—			—
	Impairment losses	(0.2		)	(2.6		)
	Debt security transaction gains	10.7			11
	Debt security transaction losses	(2.9		)	(1.4		)
	Equity security transaction gains	1.9			0.3
	Equity security transaction losses	—			—
	Limited partnerships and other investment transaction gains	—			—
	Limited partnerships and other investment transaction losses	—			—
	Net transaction gains (losses)	9.7			9.9
	Derivative instruments	(23.8		)	(23.9		)
	Embedded derivatives [1]	(11.7		)	(0.5		)
	Assets valued at fair value	0.3			1.2
	Net realized investment gains (losses), excluding impairment losses	(25.5		)	(13.3		)
	Net realized investment gains (losses), including impairment losses	$	(25.7	)	$	(15.9	)
	———————
	[1]	Includes the change in fair value of embedded derivatives associated with fixed index annuity indexed crediting feature and variable annuity riders. See Note 10 to these consolidated interim unaudited financial statements for additional disclosures.
Sources of Changes in Net Unrealized Investment Gains (Losses)	'
	Sources of Changes in	Three Months Ended
	Net Unrealized Investment Gains (Losses):	March 31,
	($ in millions)	2014			2013
	Debt securities	$	168.2		$	(21.8	)
	Equity securities	1.9			2
	Other investments	0.7			1
	Net unrealized investment gains (losses)	$	170.8		$	(18.8	)
	Net unrealized investment gains (losses)	$	170.8		$	(18.8	)
	Applicable to closed block policyholder dividend obligation	82.1			(20.6		)
	Applicable to DAC	40.2			(9.7		)
	Applicable to other actuarial offsets	31.6			19
	Applicable to deferred income tax expense (benefit)	28.7			7.8
	Offsets to net unrealized investment gains (losses)	182.6			(3.5		)
	Net unrealized investment gains (losses) included in OCI	$	(11.8	)	$	(15.3	)
Carrying Value of Assets and Liabilities for Consolidated Variable Interest Entities	'
	Carrying Value of Assets and Liabilities	31-Mar-14									31-Dec-13
	and Maximum Exposure Loss Relating							Maximum									Maximum
	to Variable Interest Entities:							Exposure									Exposure
	($ in millions)	Assets			Liabilities			to Loss [1]			Assets			Liabilities			to Loss [1]
	Limited partnerships	$	101.1		$	—		$	160.8		$	116.7		$	—		$	171.6
	LLCs	55.9			—			55.9			55.9			—			55.9
	Total	$	157		$	—		$	216.7		$	172.6		$	—		$	227.5
	———————
	[1]	Creditors or beneficial interest holders of the VIEs have no recourse to our general credit. Our obligation to the VIEs is limited to the amount of our committed investment. We have not provided material financial or other support that was not contractually required to these VIEs.
	The following table presents the total assets and total liabilities relating to consolidated VIEs at March 31, 2014 and December 31, 2013.
	Carrying Value of Assets and Liabilities for	March 31, 2014									31-Dec-13
	Consolidated Variable Interest Entities:							Maximum									Maximum
	($ in millions)							Exposure									Exposure
		Assets			Liabilities			to Loss [1]			Assets			Liabilities			to Loss [1]
	Debt securities, at fair value [2]	$	4.1		$	—		$	3.8		$	3.6		$	—		$	3.2
	Equity securities, at fair value [2]	31.9			—			27			29.4			—			24.7
	Cash and cash equivalents	10.6			—			10.5			10.8			—			10.6
	Investment in partnership interests	—			—			—			0.1			—			0.1
	Investment in single asset LLCs	23.4			—			17.7			19.9			—			15.1
	Other assets	0.7			—			0.5			0.6			—			0.5
	Total assets of consolidated VIEs	$	70.7		$	—		$	59.5		$	64.4		$	—		$	54.2
	Total liabilities of consolidated VIEs	$	—		$	0.7		$	0.6		$	—		$	0.8		$	0.6
	———————
	[1]	Creditors or beneficial interest holders of the consolidated VIEs have no recourse to our general credit. Our obligation to the VIEs is limited to the amount of our committed investment. We have not provided material financial or other support that was not contractually required to these VIEs. There were no unfunded commitments in the maximum exposure to loss above at March 31, 2014 and December 31, 2013.
	[2]	Included in fair value investments on the consolidated balance sheets.

Financing_Activities_Tables

Financing Activities (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments	'
	Debt is carried net of original issue discount as follows:
	Indebtedness at Carrying Value:	31-Mar-14		31-Dec-13
	($ in millions)
	7.15% surplus notes, due December 2034	$	126.1	$	126.1
	7.45% senior unsecured bonds, matures January 2032	252.7		252.7
	Total indebtedness	$	378.8	$	378.8
Interest Expense on Indebtedness, including Amortization of Debt Issuance Costs	'
	Interest Expense on Indebtedness, including	Three Months Ended
	Amortization of Debt Issuance Costs:	March 31,
	($ in millions)	2014		2013
	7.15% surplus notes	$	2.3	$	2.3
	7.45% senior unsecured bonds	4.8		5.4
	Interest expense on indebtedness	$	7.1	$	7.7

Separate_Accounts_Death_Benefi1

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives (Tables)	3 Months Ended
	Mar. 31, 2014
Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives [Abstract]	'
Separate Account Investments of Account Balances of Variable Annuity Contracts with Guarantees	'
	Separate Account Investments of Account Balances of Variable Annuity Contracts	31-Mar-14			31-Dec-13
	with Insurance Guarantees:
	($ in millions)
	Debt securities	$	422.6		$	433
	Equity funds	1,845.40			1,920.40
	Other	64			64.3
	Total	$	2,332.00		$	2,417.70
Changes in Guaranteed Liability Balances	'
	Changes in Variable Annuity Guaranteed Insurance Benefit	Three Months Ended						Three Months Ended
	Liability Balances:	March 31, 2014						March 31, 2013
	($ in millions)	Annuity			Annuity			Annuity			Annuity
		GMDB			GMIB			GMDB			GMIB
	Balance, beginning of period	$	22.7		$	9.8		$	15.9		$	21.7
	Incurred	(0.1		)	(0.7		)	0.5			1.2
	Paid	(0.6		)	—			(1.3		)	—
	Change due to net unrealized gains or losses included in AOCI	0.1			(0.1		)	0.1			(0.1		)
	Assumption unlocking	—			—			—			—
	Balance, end of period	$	22.1		$	9		$	15.2		$	22.8
Variable Annuity GMDB Benefits by Type	'
	Following are the major types of death benefits currently in force as defined in the 2013 Form 10-K:
	GMDB and GMIB Benefits by Type:	31-Mar-14
	($ in millions)	Account			NAR			NAR			Average
		Value			before Reinsurance			after Reinsurance			Attained Age
											of Annuitant
	GMDB return of premium	$	743.8		$	2		$	2		63
	GMDB step up	1,915.10			116			9.6			64
	GMDB earnings enhancement benefit (“EEB”)	35.5			—			—			64
	GMDB greater of annual step up and roll up	26.2			4.8			4.8			68
	Total GMDB at March 31, 2014	2,720.60			$	122.8		$	16.4
	Less: General account value with GMDB	397.7
	Subtotal separate account liabilities with GMDB	2,322.90
	Separate account liabilities without GMDB	985.1
	Total separate account liabilities	$	3,308.00
	GMIB [1] at March 31, 2014	$	379.5								65
	GMDB and GMIB Benefits by Type:	31-Dec-13
	($ in millions)	Account			NAR			NAR			Average
		Value			before Reinsurance			after Reinsurance			Attained Age
											of Annuitant
	GMDB return of premium	$	770.3		$	2.1		$	2.1		63
	GMDB step up	1,974.70			117.9			9.9			64
	GMDB earnings enhancement benefit (“EEB”)	36			0.1			0.1			64
	GMDB greater of annual step up and roll up	26.7			4.8			4.8			68
	Total GMDB at December 31, 2013	2,807.70			$	124.9		$	16.9
	Less: General account value with GMDB	403.3
	Subtotal separate account liabilities with GMDB	2,404.40
	Separate account liabilities without GMDB	997.9
	Total separate account liabilities	$	3,402.30
	GMIB [1] at December 31, 2013	$	398.6								64
	———————
	[1]	Policies with a GMIB also have a GMDB, however these benefits are not additive. When a policy terminates due to death, any NAR related or GMIB is released. Similarly, when a policy goes into benefit status on a GMIB, its GMDB NAR is released.
Changes in Guaranteed Liability Balance	'
	Changes in Fixed Indexed Annuity Guaranteed Liability Balances:	Fixed Indexed Annuity
	($ in millions)	GMWB & GMDB
		Three months ended
		March 31,
		2014			2013
	Balance, beginning of period	$	90		$	103.6
	Incurred	5			12.6
	Paid	(0.1		)	(0.1		)
	Change due to net unrealized gains or losses included in AOCI	19.8			1.4
	Assumption unlocking	—			—
	Balance, end of period	$	114.7		$	117.5
	Changes in Universal Life Guaranteed Liability Balances:	Universal Life
	($ in millions)	Secondary Guarantees
		Three months ended
		March 31,
		2014			2013
	Balance, beginning of period	$	179.8		$	137.7
	Incurred	4.8			16.4
	Paid	(1.9		)	(3.4		)
	Change due to net unrealized gains or losses included in AOCI	0.9			0.5
	Assumption unlocking	—			—
	Balance, end of period	$	183.6		$	151.2
	Changes in Universal Life Additional Liability Balances:	Universal Life
	($ in millions)	Profits Followed by Losses
		Three months ended
		March 31,
		2014			2013
	Balance, beginning of period	$	257		$	308.4
	Expenses	19.9			22
	Change due to net unrealized gains or losses included in AOCI	16.5			11
	Assumption unlocking	—			—
	Balance, end of period	$	293.4		$	341.4
Non-Insurance Guaranteed Product Features	'
	Certain separate account variable products may contain a GMWB, guaranteed minimum accumulation benefit (“GMAB”) and/or combination (“COMBO”) rider as defined in the 2013 Form 10-K. These features are accounted for as embedded derivatives as described below.
	Variable Annuity Embedded Derivatives Non-Insurance Guaranteed Product Features:	31-Mar-14
	($ in millions)				Average
					Attained
		Account			Age of
		Value			Annuitant
	GMWB	$	559.1		64
	GMAB	363.6			59
	COMBO	7.2			63
	Balance, end of period	$	929.9
	Variable Annuity Embedded Derivatives Non-Insurance Guaranteed Product Features:	31-Dec-13
	($ in millions)				Average
					Attained
		Account			Age of
		Value			Annuitant
	GMWB	$	581.5		64
	GMAB	382.2			59
	COMBO	7.2			63
	Balance, end of period	$	970.9
Variable Annuity Embedded Derivative Liabilities	'
	Embedded derivative liabilities for GMWB, GMAB and COMBO are shown in the table below.
	Variable Annuity Embedded Derivative Liabilities:	31-Mar-14			31-Dec-13
	($ in millions)
	GMWB	$	(3.2	)	$	(5.1	)
	GMAB	(0.1		)	1.4
	COMBO	(0.3		)	(0.4		)
	Total variable annuity embedded derivative liabilities	$	(3.6	)	$	(4.1	)

Derivative_Instruments_Tables

Derivative Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'
Derivative Instruments	'
	Derivative Instruments:							Fair Value as of
	($ in millions)			Notional				31-Mar-14
		Maturity		Amount				Assets				Liabilities [1]
	Interest rate swaps	2016 - 2027		$	94			$	5.6			$	3.8
	Variance swaps	2015 - 2017		0.9				—				8.5
	Swaptions	2024 - 2025		3,277.00				12.5				—
	Put options	2015 - 2022		406				26.8				—
	Call options [2]	2014 - 2019		1,811.40				115				72.3
	Cross currency swaps	2016		10				—				0.7
	Equity futures	2014		157.7				12.8				—
	Total derivative instruments			$	5,757.00			$	172.7			$	85.3
	———————
	[1]	Derivative liabilities are included in other liabilities on the consolidated balance sheets.
	[2]	Includes a contingent receivable of $1.9 million.
	Derivative Instruments:							Fair Value as of
	($ in millions)			Notional				31-Dec-13
		Maturity		Amount				Assets				Liabilities [1]
	Interest rate swaps	2016 - 2027		$	139			$	3.9			$	6.8
	Variance swaps	2015 - 2017		0.9				—				7.9
	Swaptions	2024 - 2029		3,902.00				30.7				—
	Put options	2015 - 2022		406				31.1				—
	Call options [2]	2014 - 2018		1,701.60				163.1				96.1
	Cross currency swaps	2016		10				—				0.7
	Equity futures	2014		160.6				14.3				—
	Total derivative instruments			$	6,320.10			$	243.1			$	111.5
	———————
	[1]	Derivative liabilities are included in other liabilities on the consolidated balance sheets.
	[2]	Includes a contingent receivable of $1.9 million.
Derivative Instrument Gains (Losses) Recognized in Earnings	'
	Derivative Instrument Gains (Losses) Recognized in	Three Months Ended
	Realized Investment Gains (Losses):	March 31,
	($ in millions)	2014				2013
	Interest rate swaps	$	5			$	(0.8	)
	Variance swaps	(0.6		)		(2.1		)
	Swaptions	(18.3		)		(1.8		)
	Put options	(4.2		)		(17.4		)
	Call options	(3.0		)		17.4
	Cross currency swaps	(0.1		)		0.3
	Equity futures	(2.6		)		(19.5		)
	Embedded derivatives	(11.7		)		(0.5		)
	Total derivative instrument losses recognized in realized investment gains (losses)	$	(35.5	)		$	(24.4	)
Offsetting of Derivative Assets/Liabilities	'
	Offsetting of	March 31, 2014
	Derivative Assets/Liabilities:					Gross								Gross amounts not offset
	($ in millions)	Gross				amounts				Net amounts				in the balance sheet
		amounts				offset in the				presented in the				Financial			Cash collateral
		recognized [1]				balance sheet				balance sheet				instruments			pledged [2]		Net amount
	Total derivative assets	$	172.7			$	—			$	172.7			$	(82.3	)	$	—	$	90.4
	Total derivative liabilities	$	(85.3	)		$	—			$	(85.3	)		$	82.3		$	3	$	—
	Offsetting of	December 31, 2013
	Derivative Assets/Liabilities:					Gross								Gross amounts not offset
	($ in millions)	Gross				amounts				Net amounts				in the balance sheet
		amounts				offset in the				presented in the				Financial			Cash collateral
		recognized [1]				balance sheet				balance sheet				instruments			pledged [2]		Net amount
	Total derivative assets	$	243.1			$	—			$	243.1			$	(110.2	)	$	—	$	132.9
	Total derivative liabilities	$	(111.5	)		$	—			$	(111.5	)		$	110.2		$	1.3	$	—
	———————
	[1]	Amounts include all derivative instruments, irrespective of whether there is a legally enforceable master netting arrangement in place.
	[2]	Cash collateral pledged with derivative counterparties is recorded within other assets on the balance sheets. The Company pledges cash collateral to offset certain individual derivative liability positions with certain counterparties. Cash collateral of $7.5 million and $7.3 million as of March 31, 2014 and December 31, 2013, respectively, that exceeds the net liability resulting from the aggregate derivative positions with a corresponding counterparty is excluded.

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Measurements, Nonrecurring	'
	The following tables present the financial instruments carried at fair value on a recurring basis by ASC 820-10 valuation hierarchy (as described above). There were no financial instruments carried at fair value on a non-recurring basis as of March 31, 2014 and December 31, 2013.
	Fair Values of Financial Instruments by Level:	31-Mar-14
	($ in millions)	Level 1				Level 2				Level 3				Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [1]	$	—			$	78.4			$	340.4			$	418.8
	State and political subdivision	—				150.4				276.8				427.2
	Foreign government	—				206.9				16.1				223
	Corporate	—				3,894.50				3,941.50				7,836.00
	CMBS	—				650				52.1				702.1
	RMBS	—				1,333.70				534				1,867.70
	CDO/CLO	—				—				236.1				236.1
	Other asset-backed	—				61.8				229.4				291.2
	Total available-for-sale debt securities	—				6,375.70				5,626.40				12,002.10
	Available-for-sale equity securities	1.1				—				63				64.1
	Short-term investments	571				—				—				571
	Derivative assets	12.8				159.9				—				172.7
	Fair value investments [2]	31.8				13.1				170.3				215.2
	Separate account assets	3,308.00				—				—				3,308.00
	Total assets	$	3,924.70			$	6,548.70			$	5,859.70			$	16,333.10
	Liabilities
	Derivative liabilities	$	—			$	85.3			$	—			$	85.3
	Embedded derivatives	—				—				93.6				93.6
	Total liabilities	$	—			$	85.3			$	93.6			$	178.9
	———————
	[1]	Level 3 includes securities whose underlying collateral is an obligation of a U.S. government entity.
	[2]	Fair value investments at March 31, 2014 include $123.9 million of debt securities recorded at fair value. In addition, we have also elected the fair value option for equity securities backing our deferred compensation liabilities at $23.0 million as of March 31, 2014. Changes in the fair value of these assets are recorded through net investment income. Additionally, $68.3 million of assets relate to investment holdings of consolidated VIEs held at fair value, $8.8 million of which are Level 1 securities.
	There were no transfers of assets between Level 1 and Level 2 during the three months ended March 31, 2014.
	Fair Values of Financial Instruments by Level:	31-Dec-13
	($ in millions)	Level 1				Level 2				Level 3				Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [1]	$	—			$	76.6			$	327.2			$	403.8
	State and political subdivision	—				141.4				269.1				410.5
	Foreign government	—				194				15.9				209.9
	Corporate	—				3,662.10				3,968.40				7,630.50
	CMBS	—				600.1				114.4				714.5
	RMBS	—				1,344.90				552				1,896.90
	CDO/CLO	—				—				224.1				224.1
	Other asset-backed	—				70.7				247.7				318.4
	Total available-for-sale debt securities	—				6,089.80				5,718.80				11,808.60
	Available-for-sale equity securities	2.8				—				59				61.8
	Short-term investments	349.7				11				0.9				361.6
	Derivative assets	14.3				228.8				—				243.1
	Fair value investments [2]	32.1				13.2				165.5				210.8
	Separate account assets	3,402.30				—				—				3,402.30
	Total assets	$	3,801.20			$	6,342.80			$	5,944.20			$	16,088.20
	Liabilities
	Derivative liabilities	$	—			$	111.5			$	—			$	111.5
	Embedded derivatives	—				—				74.8				74.8
	Total liabilities	$	—			$	111.5			$	74.8			$	186.3
	———————
	[1]	Level 3 includes securities whose underlying collateral is an obligation of a U.S. government entity.
	[2]	Fair value investments at December 31, 2013 include $125.7 million of debt securities recorded at fair value. In addition, we have also elected the fair value option for equity securities backing our deferred compensation liabilities at $23.2 million as of December 31, 2013. Changes in the fair value of these assets are recorded through net investment income. Additionally, $61.9 million of assets relate to investment holdings of consolidated VIEs held at fair value, $8.9 million of which are Level 1 securities.
Fair Value, Assets Measured on Recurring Basis	'
	The following tables present corporates carried at fair value and on a recurring basis by sector.
	Fair Values of Corporates by Level and Sector:	31-Mar-14
	($ in millions)	Level 1				Level 2				Level 3				Total
	Corporates
	Consumer	$	—			$	590.8			$	1,195.80			$	1,786.60
	Energy	—				537.3				324				861.3
	Financial services	—				1,571.00				957				2,528.00
	Capital goods	—				384.6				335.1				719.7
	Transportation	—				110.8				255.4				366.2
	Utilities	—				329.7				571				900.7
	Other	—				370.3				303.2				673.5
	Total corporates	$	—			$	3,894.50			$	3,941.50			$	7,836.00
	Fair Values of Corporates by Level and Sector:	31-Dec-13
	($ in millions)	Level 1				Level 2				Level 3				Total
	Corporates
	Consumer	$	—			$	896			$	1,496.50			$	2,392.50
	Energy	—				492.2				335.2				827.4
	Financial services	—				1,497.00				971.8				2,468.80
	Capital goods	—				187.6				192.7				380.3
	Transportation	—				93.6				230.9				324.5
	Utilities	—				316				560				876
	Other	—				179.7				181.3				361
	Total corporates	$	—			$	3,662.10			$	3,968.40			$	7,630.50
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation	'
	Level 3 Financial Assets:	Three Months Ended March 31, 2014
	($ in millions)																				Realized &
																					unrealized			Unrealized
																					gains			gains
		Balance,												Transfers				Transfers			(losses)			(losses)
		beginning												into				out of			included in			included
		of period				Purchases				Sales				Level 3				Level 3			income [1]			in OCI			Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [2]	$	327.2			$	12.9			$	(5.5	)		$	—			$	—		$	—		$	5.8		$	340.4
	State and political subdivision	269.1				2.9				(0.8		)		—				—			—			5.6			276.8
	Foreign government	15.9				—				—				—				—			—			0.2			16.1
	Corporate	3,968.40				171				(21.8		)		—				(127.0		)	—			(49.1		)	3,941.50
	CMBS	114.4				—				(2.7		)		—				(60.1		)	(0.1		)	0.6			52.1
	RMBS	552				0.5				(13.9		)		—				—			0.5			(5.1		)	534
	CDO/CLO	224.1				23				(6.4		)		—				—			0.4			(5.0		)	236.1
	Other asset-backed	247.7				—				(4.5		)		—				(1.7		)	—			(12.1		)	229.4
	Total available-for-sale	5,718.80				210.3				(55.6		)		—				(188.8		)	0.8			(59.1		)	5,626.40
	debt securities
	Available-for-sale equity securities	59				6.7				—				—				—			—			(2.7		)	63
	Short-term investments	0.9				—				—				—				—			—			(0.9		)	—
	Fair value investments	165.5				—				(2.6		)		—				—			7.4			—			170.3
	Total assets	$	5,944.20			$	217			$	(58.2	)		$	—			$	(188.8	)	$	8.2		$	(62.7	)	$	5,859.70
	———————
	[1]	Reflected in realized investment gains and losses for all assets except fair value investments which are included in net investment income.
	[2]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
	Level 3 Financial Assets:	Three Months Ended March 31, 2013
	($ in millions)																				Realized &
																					unrealized			Unrealized
																					gains			gains
		Balance,												Transfers				Transfers			(losses)			(losses)
		beginning												into				out of			included in			included
		of period				Purchases				Sales				Level 3				Level 3			income [1]			in OCI			Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [2]	$	296.7			$	12.2			$	(1.7	)		$	—			$	—		$	—		$	2.3		$	309.5
	State and political subdivision	212.4				—				(0.5		)		—				—			—			(15.4		)	196.5
	Foreign government	45.8				—				(0.2		)		8				—			—			(2.5		)	51.1
	Corporate	3,812.30				191.8				(17.0		)		9.6				(43.2		)	(1.1		)	(106.2		)	3,846.20
	CMBS	89.7				—				(1.9		)		—				(8.7		)	(0.1		)	2.2			81.2
	RMBS	709.3				0.7				(24.2		)		—				—			(1.2		)	(5.8		)	678.8
	CDO/CLO	223.7				21.8				(11.4		)		—				—			(0.4		)	4.3			238
	Other asset-backed	309.9				—				(7.4		)		—				—			—			6.7			309.2
	Total available-for-sale	5,699.80				226.5				(64.3		)		17.6				(51.9		)	(2.8		)	(114.4		)	5,710.50
	debt securities
	Available-for-sale equity securities	32.7				2.3				—				—				—			(3.3		)	1.2			32.9
	Short-term investments	—				—				—				—				—			—			—			—
	Fair value investments	153.3				14.6				(3.9		)		1.3				—			3			—			168.3
	Total assets	$	5,885.80			$	243.4			$	(68.2	)		$	18.9			$	(51.9	)	$	(3.1	)	$	(113.2	)	$	5,911.70
	———————
	[1]	Reflected in realized investment gains and losses for all assets except fair value investments which are included in net investment income.
	[2]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
	Level 3 Financial Liabilities:	Embedded Derivative Liabilities
	($ in millions)	Three Months Ended
		March 31,
		2014				2013
	Balance, beginning of period	$	74.8			$	80.8
	Net purchases/(sales)	7.1				1.5
	Transfers into Level 3	—				—
	Transfers out of Level 3	—				—
	Realized (gains) losses [1]	11.7				0.5
	Balance, end of period	$	93.6			$	82.8
Embedded Derivative Liabilities	'
	Level 3 Financial Liabilities:	Embedded Derivative Liabilities
	($ in millions)	Three Months Ended
		March 31,
		2014				2013
	Balance, beginning of period	$	74.8			$	80.8
	Net purchases/(sales)	7.1				1.5
	Transfers into Level 3	—				—
	Transfers out of Level 3	—				—
	Realized (gains) losses [1]	11.7				0.5
	Balance, end of period	$	93.6			$	82.8
	———————
	[1]	Realized gains and losses are included in net realized investment gains on the consolidated statements of income and comprehensive income.
Fair Value Inputs, Assets, Quantitative Information	'
	The following tables present quantitative estimates about unobservable inputs used in the fair value measurement of significant categories of internally priced assets.
	Level 3 Assets: [1]	31-Mar-14
	($ in millions)	Fair				Valuation		Unobservable
		Value				Technique(s)		Input		Range (Weighted Average)
	U.S. government and agency	$	340.4			Discounted cash flow		Yield		0.93% - 5.17% (3.66%)
	State and political subdivision	$	122.4			Discounted cash flow		Yield		2.24% - 5.33% (3.66%)
	Corporate	$	3,059.30			Discounted cash flow		Yield		0.95% - 6.29% (3.41%)
	Other asset-backed	$	41.9			Discounted cash flow		Yield		0.50% - 3.47% (2.01%)
	Fair value investments	$	5.6			Discounted cash flow		Default rate		0.26%
								Recovery rate		42%
	———————
	[1]	Excludes Level 3 assets which are valued based upon non-binding independent third-party valuations or third-party price information for which unobservable inputs are not reasonably available to us.
	Level 3 Assets: [1]	31-Dec-13
	($ in millions)	Fair				Valuation		Unobservable
		Value				Technique(s)		Input		Range (Weighted Average)
	U.S. government and agency	$	327.2			Discounted cash flow		Yield		1.05% - 5.66% (3.78%)
	State and political subdivision	$	119.4			Discounted cash flow		Yield		2.35% - 5.79% (3.74%)
	Corporate	$	2,972.60			Discounted cash flow		Yield		1.00% - 6.75% (3.56%)
	Other asset-backed	$	47.9			Discounted cash flow		Yield		0.5% - 3.75% (2.23%)
								Prepayment rate		2%
								Default rate		2.53% for 48 mos then .37% thereafter
								Recovery rate		10% (TRUPS)
	Fair value investments	$	5.5			Discounted cash flow		Default rate		0.25%
								Recovery rate		45%
	———————
	[1]	Excludes Level 3 assets which are valued based upon non-binding independent third-party valuations or third-party price information for which unobservable inputs are not reasonably available to us.
Fair Value Inputs, Liabilities, Quantitative Information	'
	The following tables present quantitative estimates about unobservable inputs used in the fair value measurement of internally priced liabilities.
	Level 3 Liabilities:	31-Mar-14
	($ in millions)	Fair Value				Valuation Technique(s)		Unobservable Input		Range
	Embedded derivatives	$	97.2			Budget method		Swap curve		0.17% - 3.40%
	(FIA)							Mortality rate		103% or 97% 2012 IAM basic table
										with scale G2
								Lapse rate		0.02% - 47.15%
								CSA		2.92%
	Embedded derivatives	$	(3.6	)		Risk neutral stochastic valuation methodology		Volatility surface		9.57% - 46.36%
	(GMAB / GMWB / COMBO)
								Swap curve		0.14% - 3.70%
								Mortality rate		105% 2012 IAM basic table with
										scale G2
								Lapse rate		0.00% - 40.00%
								CSA		2.92%
	Level 3 Liabilities:	31-Dec-13
	($ in millions)	Fair Value				Valuation Technique(s)		Unobservable Input		Range
	Embedded derivatives	$	78.9			Budget method		Swap curve		0.19% - 3.79%
	(FIA)							Mortality rate		103% or 97% 2012 IAM basic table
										with scale G2
								Lapse rate		0.02% - 47.15%
								CSA		3.23%
	Embedded derivatives	$	(4.1	)		Risk neutral stochastic		Volatility surface		10.85% - 46.33%
	(GMAB / GMWB / COMBO)					valuation methodology
								Swap curve		0.15% - 4.15%
								Mortality rate		105% 2012 IAM basic table with
										scale G2
								Lapse rate		0.00% - 40.00%
								CSA		3.23%
Fair Value, Instruments Classified in Shareholders' Equity Measured on Recurring Basis, Unobservable Input Reconciliation	'
	Level 3 Assets and Liabilities by Pricing Source:	31-Mar-14
	($ in millions)	Internal [1]				External [2]				Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [3]	$	340.4			$	—			$	340.4
	State and political subdivision	122.4				154.4				276.8
	Foreign government	—				16.1				16.1
	Corporate	3,059.30				882.2				3,941.50
	CMBS	—				52.1				52.1
	RMBS	—				534				534
	CDO/CLO	—				236.1				236.1
	Other asset-backed	41.9				187.5				229.4
	Total available-for-sale debt securities	3,564.00				2,062.40				5,626.40
	Available-for-sale equity securities	—				63				63
	Short-term investments	—				—				—
	Fair value investments	5.6				164.7				170.3
	Total assets	$	3,569.60			$	2,290.10			$	5,859.70
	Liabilities
	Embedded derivatives	$	93.6			$	—			$	93.6
	Total liabilities	$	93.6			$	—			$	93.6
	———————
	[1]	Represents valuations reflecting both internally-derived and market inputs, as well as third-party information or quotes.
	[2]	Represents unadjusted prices from independent pricing services, third-party financial statements and independent indicative broker quotes where pricing inputs are not readily available.
	[3]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
	Level 3 Assets and Liabilities by Pricing Source:	31-Dec-13
	($ in millions)	Internal [1]				External [2]				Total
	Assets
	Available-for-sale debt securities
	U.S. government and agency [3]	$	327.2			$	—			$	327.2
	State and political subdivision	119.4				149.7				269.1
	Foreign government	—				15.9				15.9
	Corporate	2,972.60				995.8				3,968.40
	CMBS	—				114.4				114.4
	RMBS	—				552				552
	CDO/CLO	—				224.1				224.1
	Other asset-backed	47.9				199.8				247.7
	Total available-for-sale debt securities	3,467.10				2,251.70				5,718.80
	Available-for-sale equity securities	—				59				59
	Short-term investments	—				0.9				0.9
	Fair value investments	5.5				160				165.5
	Total assets	$	3,472.60			$	2,471.60			$	5,944.20
	Liabilities
	Embedded derivatives	$	74.8			$	—			$	74.8
	Total liabilities	$	74.8			$	—			$	74.8
	———————
	[1]	Represents valuations reflecting both internally-derived and market inputs, as well as third-party information or quotes.
	[2]	Represents unadjusted prices from independent pricing services, third-party financial statements and independent indicative broker quotes where pricing inputs are not readily available.
	[3]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
Fair Value, by Balance Sheet Grouping	'
	The following table discloses the Company’s financial instruments where the carrying amounts and fair values differ:
	Carrying Amounts and Fair Values	Fair Value		31-Mar-14								31-Dec-13
	of Financial Instruments:	Hierarchy		Carrying				Fair				Carrying				Fair
	($ in millions)	Level		Value				Value				Value				Value
	Financial assets:
	Policy loans	Level 3		$	2,353.70			$	2,341.20			$	2,350.30			$	2,338.00
	Cash and cash equivalents	Level 1		$	424.5			$	424.5			$	496.4			$	496.4
	Financial liabilities:
	Investment contracts	Level 3		$	3,540.00			$	3,541.80			$	3,429.70			$	3,424.40
	7.15% Surplus notes	Level 3		$	126.1			$	86.5			$	126.1			$	86.5
	7.45% Senior unsecured bonds	Level 2		$	252.7			$	236.5			$	252.7			$	224.6

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Mar. 31, 2014
Equity [Abstract]	'
Schedule of Accumulated Other Comprehensive Income (Loss)	'
	Changes in each component of AOCI attributable to the Company for the periods ended March 31, 2014 and 2013 are as follows below (net of tax):
	Accumulated Other Comprehensive Income (Loss)	Net Unrealized Gains / (Losses) on Investments where				Net Unrealized Gains / (Losses) on All Other Investments [1]				Net Pension Liability Adjustments			Total
	Attributable to The Phoenix Companies, Inc.:	Credit-related OTTI was Recognized [1]
	($ in millions)
	Balance as of December 31, 2012	$	(6.2	)		$	77.9			$	(321.0	)	$	(249.3	)
	Change in component during the period	5.8				(16.4		)		2.1			(8.5		)
	before reclassifications
	Amounts reclassified from AOCI	(0.3		)		(4.4		)		1.7			(3.0		)
	Balance as of March 31, 2013	$	(0.7	)		$	57.1			$	(317.2	)	$	(260.8	)
	Balance as of December 31, 2013	$	10			$	26.5			$	(221.7	)	$	(185.2	)
	Change in component during the period	5.5				(11.1		)		0.6			(5.0		)
	before reclassifications
	Amounts reclassified from AOCI	(3.1		)		(3.1		)		1			(5.2		)
	Balance as of March 31, 2014	$	12.4			$	12.3			$	(220.1	)	$	(195.4	)
	———————
	[1]	See Note 7 to these consolidated interim unaudited financial statements for additional information regarding offsets to net unrealized investment gains and losses which include policyholder dividend obligation, DAC and other actuarial offsets, and deferred income tax expense (benefit).
Reclassification out of Accumulated Other Comprehensive Income	'
	Reclassifications from AOCI consist of the following:
	AOCI		Amounts Reclassified from AOCI								Affected Line Item in the
											Consolidated Statements of Income and Comprehensive Income
	($ in millions)		Three Months Ended March 31,
			2014				2013
	Net unrealized gains / (losses) on investments where
	credit-related OTTI was recognized:
	Available-for-sale securities		$	4.8			$	0.5			Net realized capital gains (losses)
			4.8				0.5				Total before income taxes
			1.7				0.2				Income tax expense (benefit)
			$	3.1			$	0.3			Net income (loss)
	Net unrealized investment gains / (losses)
	on all other investments:
	Available-for-sale securities		$	4.7			$	6.7			Net realized capital gains (losses)
			4.7				6.7				Total before income taxes
			1.6				2.3				Income tax expense (benefit)
			$	3.1			$	4.4			Net income (loss)
	Net pension liability adjustments:
	Amortization of actuarial gains (losses)		$	(1.9	)		$	(2.9	)		Other operating expense
	Amortization of prior service costs		0.3				0.3				Other operating expense
			(1.6		)		(2.6		)		Total before income taxes
			(0.6		)		(0.9		)		Income tax expense (benefit)
			$	(1.0	)		$	(1.7	)		Net income (loss)
	Total amounts reclassified from AOCI		$	5.2			$	3			Net income (loss)

Employee_Benefit_Plans_and_Emp1

Employee Benefit Plans and Employment Agreements (Tables)	3 Months Ended
	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Components of Pension Benefit Costs	'
	The components of pension and post-employment benefit costs follow:
	Components of Pension Benefit Costs:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Service cost	$	0.6		$	0.5
	Interest cost	9.1			8.2
	Expected return on plan assets	(9.5		)	(9.0		)
	Net loss amortization	2			2.9
	Pension benefit cost	$	2.2		$	2.6
Components of Other Postretirement Benefit Costs	'
	Components of Other Post-Employment Benefit Costs:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Service cost	$	—		$	—
	Interest cost	0.4			0.3
	Net gain amortization	(0.1		)	—
	Prior service cost amortization	(0.3		)	(0.3		)
	Other post-employment benefit cost	$	—		$	—

ShareBased_Payments_Tables

Share-Based Payments (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan	'
	The compensation cost that has been charged against income for these plans is summarized in the following table:
	Share-Based Compensation Plans:	Three Months Ended
	($ in millions)	March 31,
		2014			2013
	Compensation cost charged to income from continuing operations	$	0.2		$	0.7
	Income tax expense (benefit) before valuation allowance	$	(0.1	)	$	(0.2	)

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Shares Used in Calculation of Basic and Diluted	'
	The following table presents a reconciliation of shares used in calculating basic earnings (loss) per common share to those used in calculating diluted earnings (loss) per common share.
	Shares Used in Calculation of Earnings Per Share:	Three Months Ended
	(shares in thousands)	March 31,
		2014	2013
	Weighted-average common shares outstanding	5,742	5,715
	Weighted-average effect of dilutive potential common shares:
	Restricted stock units	17	59
	Employee stock options	2	—
	Potential common shares	19	59
	Less: Potential common shares excluded from	19	59
	calculation due to net losses
	Dilutive potential common shares	—	—
	Weighted-average common shares outstanding,	5,742	5,715
	including dilutive potential common shares

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Segment Information on Revenues	'
	Segment Information	Three Months Ended
	on Revenues:	March 31,
	($ in millions)	2014			2013
	Life and Annuity [1]	$	397.4		$	390.7
	Saybrus Partners [2]	7.3			5.8
	Less: Intercompany revenues [3]	2.5			2.3
	Total revenues	$	402.2		$	394.2
	———————
	[1]	Includes intercompany interest revenue of $0.1 million and $0.1 million for the three months ended March 31, 2014 and 2013, respectively.
	[2]	Includes intercompany commission revenue of $2.6 million and $2.4 million for the three months ended March 31, 2014 and 2013, respectively.
	[3]	All intercompany balances are eliminated in consolidating the financial statements.
Results of Operations by Segment as Reconciled to Consolidated Net Income	'
	Results of Operations by Segment as Reconciled to	Three Months Ended
	Consolidated Net Income (Loss):	March 31,
	($ in millions)	2014			2013
	Life and Annuity operating income (loss)	$	(9.6	)	$	(46.8	)
	Saybrus Partners operating income (loss)	0.3			(0.1		)
	Less: Applicable income tax expense (benefit)	(3.6		)	4.2
	Income (loss) from discontinued operations, net of income taxes	(0.9		)	(1.8		)
	Net realized investment gains (losses)	(25.7		)	(15.9		)
	Less:  Net income (loss) attributable to noncontrolling interests	1			(0.1		)
	Net income (loss)	$	(33.3	)	$	(68.7	)

Organization_and_Description_o1

Organization and Description of Business (Details)	3 Months Ended
	Mar. 31, 2014
	segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Number of business segments	2

Basis_of_Presentation_and_Sign2

Basis of Presentation and Significant Accounting Policies Basis of Presentation and Significant Accounting Policies (Details) (Restatement Adjustment, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014
Restatement Adjustment	'
Income related to out of period adjustments	$1.50

Reinsurance_Details

Reinsurance (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Direct Business and Reinsurance in Continuing Operations	'		'
Direct premiums	$115.80		$121.40
Premiums assumed from reinsureds	1.8		2.6
Premiums ceded to reinsurers	-38	[1]	-41.3	[1]
Premiums	79.6		82.7
Percentage of amount assumed to net premiums	2.30%		3.10%
Direct policy benefits incurred	179.5		219.6
Policy benefits assumed from reinsureds	12.6		7.5
Policy benefits ceded to reinsurers	-68.7		-65.2
Premiums paid to reinsurers	22.3	[2]	11.3	[2]
Policy benefits	145.7	[3]	173.2	[3]
Changes in reserves, interest credited to policyholders, policyholder dividends and other items	$90.30		$145.60
[1]	Primarily represents premiums ceded to reinsurers related to traditional life and term insurance policies.
[2]	For universal life and variable universal life contracts, premiums paid to reinsurers are reflected within policy benefits. See Note 2 to these consolidated interim unaudited financial statements for additional information regarding significant accounting policies.
[3]	Policy benefit amounts above exclude changes in reserves, interest credited to policyholders and other items, which total $90.3 million and $145.6 million, net of reinsurance, for the three months ended March 31, 2014 and 2013, respectively.

Reinsurance_Narrative_Details

Reinsurance Narrative (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
	reinsurance_company
Insurance [Abstract]	'	'
Reinsurance recoverable	$616	$603.30
Number of major reinsurance companies	5	'
Percentage of reinsurance recoverable account by five major reinsurance companies	65.00%	'

Demutualization_and_Closed_Blo2

Demutualization and Closed Block - Closed Block Assets and Liabilities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013		Jun. 25, 2011
In Millions, unless otherwise specified
Closed Block Assets And Liabilities	'		'		'
Available-for-sale debt securities	$5,828.30		$5,804.60		$4,773.10
Available-for-sale equity securities	26.4		25.8		0
Short-term investments	161.7		106.9		0
Limited partnerships and other investments	351.6		345.3		399
Policy loans	1,188.10		1,201.60		1,380
Fair value investments	43.5		40.3		0
Total closed block investments	7,599.60		7,524.50		6,552.10
Cash and cash equivalents	57.7		78.2		0
Accrued investment income	82		81.7		106.8
Reinsurance recoverable	35.6		26.8		0
Deferred income taxes	276.2		284.9		389.4
Other closed block assets	65.2		58.2		41.4
Total closed block assets	8,116.30		8,054.30		7,089.70
Policy liabilities and accruals	8,173.70		8,257.20		8,301.70
Policyholder dividends payable	209.1		207.8		325.1
Policy dividend obligation	610.5		497.9		0
Other closed block liabilities	112.1		65.5		12.3
Total closed block liabilities	9,105.40		9,028.40		8,639.10
Excess of closed block liabilities over closed block assets	989.1	[1]	974.1	[1]	1,549.40	[1]
Less: Excess of closed block assets over closed block liabilities attributable to noncontrolling interests	-7.9		-7.4		'
Excess of closed block liabilities over closed block assets attributable to The Phoenix Companies, Inc.	$997		$981.50		'
[1]	The maximum future earnings summary to inure to the benefit of the stockholders is represented by the excess of closed block liabilities over closed block assets. All unrealized investment gains (losses), net of income tax, have been allocated to the policyholder dividend obligation.

Demutualization_and_Closed_Blo3

Demutualization and Closed Block - Closed Block Revenue and Expenses (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Closed block revenues	'	'
Premiums	$72.80	$75.50
Net investment income	108.8	99.1
Net realized investment gains (losses)	5.3	3.4
Total revenues	186.9	178
Policy benefits	104.4	162.8
Other operating expenses	-0.7	1.3
Total benefits and expenses	103.7	164.1
Closed block contribution to income before dividends and income taxes	83.2	13.9
Policyholder dividends	-73.8	-4.3
Closed block contribution to income before income taxes	9.4	9.6
Applicable income tax expense	3.3	3.4
Closed block contribution to income	6.1	6.2
Less: Closed block contribution to income attributable to noncontrolling interests	0.5	-0.1
Closed block contribution to income attributable to The Phoenix Companies, Inc.	$5.60	$6.30

Demutualization_and_Closed_Blo4

Demutualization and Closed Block - Closed Block Policyholder Dividend Obligation (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
Policyholder dividend obligation	'	'
Policyholder dividends provided through earnings	$73.80	$189.40
Policyholder dividends provided through OCI	82.1	-308.7
Additions to (reductions of) policyholder dividend liabilities	155.9	-119.3
Policyholder dividends paid	-42	-178.6
Increase (decrease) in policyholder dividend liabilities	113.9	-297.9
Policyholder dividend liabilities, beginning of period	705.7	1,003.60
Policyholder dividend liabilities, end of period	819.6	705.7
Policyholder dividends payable, end of period	-209.1	-207.8
Policyholder dividend obligation, end of period	$610.50	$497.90

Demutualization_and_Closed_Blo5

Demutualization and Closed Block Narrative (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Insurance [Abstract]	'	'
Closed block earnings in excess of expected amounts	$229.90	$200
Policyholder dividend obligation	$380.60	$297.90

Deferred_Policy_Acquisition_Co2

Deferred Policy Acquisition Costs (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Deferred Policy Acquisition Costs:	'	'
Balance, beginning of period	$940.60	$902.20
Policy acquisition costs deferred	14.4	14.9
Costs amortized to expenses:	'	'
Recurring costs	-33.5	-48.6
Realized investment gains (losses)	11.1	3.3
Offsets to net unrealized investment gains or losses included in AOCI	-40.2	9.7
Balance, end of period	$892.40	$881.50

Sales_Inducements_Details

Sales Inducements (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Movement in Deferred Sales Inducements [Roll Forward]	'	'
Balance, beginning of period	$76.10	$61.40
Sales inducements deferred	2.1	2.8
Amortization charged to income	-0.7	-0.7
Offsets to net unrealized investment gains or losses included in AOCI	-3.2	1.3
Balance, end of period	$74.30	$64.80

Investing_Activities_Fair_Valu

Investing Activities - Fair Value and Cost of Securities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	$11,443.30		$11,418
Gross Unrealized Gains	694.1	[1]	597.1	[1]
Gross Unrealized Losses	-135.3	[1]	-206.5	[1]
Fair Value	12,002.10		11,808.60
OTTI Recognized in AOCI	-54.4	[2]	-57.1	[2]
Amortized cost, amounts applicable to the closed block debt security	5,456.70		5,515.20
Gross unrealized gain, amounts applicable to closed block debt security	416.1	[1]	365.4	[1]
Gross unrealized losses, amounts applicable to the closed block debt security	-44.5	[1]	-75.9	[1]
Fair value, amounts applicable to the closed block debt security	5,828.30		5,804.60
OTTI recognized in AOCI, amounts applicable to the closed block debt security	-15.5	[2]	-16.5	[2]
Available-for-sale equity securities, Amortized Cost	40.8		40.4
Gross unrealized gains, available-for-sale equity securities	24.4	[1]	22.3	[1]
Gross unrealized losses, available-for-sale equity securities	-1.1	[1]	-0.9	[1]
Available-for-sale equity securities, at fair value (cost of $40.8 and $40.4)	64.1		61.8
OTTI recognized in AOCI, available-for-sale equity securities,	0	[2]	0	[2]
Amortized cost, amounts applicable to the closed block equity security	17.4		17.1
Gross unrealized gains, amounts applicable to the closed block equity security	9.7	[1]	9.1	[1]
Gross unrealized losses, amounts applicable to the closed block equity security	-0.7	[1]	-0.4	[1]
Fair value, amounts applicable to the closed block equity security	26.4		25.8
OTTI recognized in AOCI, amounts applicable to the closed block equity security	0	[2]	0	[2]
U.S. government and agency	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	379.1		370.2
Gross Unrealized Gains	40.9	[1]	36.2	[1]
Gross Unrealized Losses	-1.2	[1]	-2.6	[1]
Fair Value	418.8		403.8
OTTI Recognized in AOCI	0	[2]	0	[2]
State and political subdivision	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	409.5		402.5
Gross Unrealized Gains	24.4	[1]	18.2	[1]
Gross Unrealized Losses	-6.7	[1]	-10.2	[1]
Fair Value	427.2		410.5
OTTI Recognized in AOCI	-1.1	[2]	-1.1	[2]
Foreign government	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	203.3		194
Gross Unrealized Gains	19.9	[1]	16.6	[1]
Gross Unrealized Losses	-0.2	[1]	-0.7	[1]
Fair Value	223		209.9
OTTI Recognized in AOCI	0	[2]	0	[2]
Corporate	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	7,433.90		7,342.60
Gross Unrealized Gains	490	[1]	428	[1]
Gross Unrealized Losses	-87.9	[1]	-140.1	[1]
Fair Value	7,836		7,630.50
OTTI Recognized in AOCI	-8.6	[2]	-8.8	[2]
Commercial mortgage-backed (“CMBS”)	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	659.8		681.2
Gross Unrealized Gains	43.5	[1]	36.2	[1]
Gross Unrealized Losses	-1.2	[1]	-2.9	[1]
Fair Value	702.1		714.5
OTTI Recognized in AOCI	-3.4	[2]	-3.4	[2]
Residential mortgage-backed (“RMBS”)	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	1,841		1,893
Gross Unrealized Gains	54.2	[1]	41.3	[1]
Gross Unrealized Losses	-27.5	[1]	-37.4	[1]
Fair Value	1,867.70		1,896.90
OTTI Recognized in AOCI	-25.6	[2]	-26.7	[2]
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”)	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	233.7		223.4
Gross Unrealized Gains	6.8	[1]	5.8	[1]
Gross Unrealized Losses	-4.4	[1]	-5.1	[1]
Fair Value	236.1		224.1
OTTI Recognized in AOCI	-13.9	[2]	-15.3	[2]
Other asset-backed	'		'
Schedule of Available-for-sale Securities [Line Items]	'		'
Total Amortized Cost	283		311.1
Gross Unrealized Gains	14.4	[1]	14.8	[1]
Gross Unrealized Losses	-6.2	[1]	-7.5	[1]
Fair Value	291.2		318.4
OTTI Recognized in AOCI	($1.80)	[2]	($1.80)	[2]
[1]	Net unrealized investment gains and losses on securities classified as available-for-sale and certain other assets are included in our consolidated balance sheets as a component of AOCI.
[2]	Represents the amount of non-credit OTTI losses recognized in AOCI excluding net unrealized gains or losses subsequent to the date of impairment. The table above presents the special category of AOCI for debt securities that are other-than-temporarily impaired when the impairment loss has been split between the credit loss component (in earnings) and the non-credit component (separate category of AOCI).

Investing_Activities_Maturitie

Investing Activities - Maturities of Debt Securities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis, Fiscal Year Maturity [Abstract]	'		'
Due in one year or less	$699.70		'
Due after one year through five years	2,113.20		'
Due after five years through ten years	3,035.60		'
Due after ten years	2,577.30		'
CMBS/RMBS/ABS/CDO/CLO	3,017.50	[1]	'
Total Amortized Cost	11,443.30		11,418
Available-for-sale Securities, Debt Maturities, Fair Value, Fiscal Year Maturity [Abstract]	'		'
Due in one year or less	727.8		'
Due after one year through five years	2,292		'
Due after five years through ten years	3,136.10		'
Due after ten years	2,749.10		'
CMBS/RMBS/ABS/CDO/CLO	3,097.10	[1]	'
Total Fair Value	$12,002.10		$11,808.60
[1]	CMBS, RMBS, ABS, CDO and CLO are not listed separately in the table as each security does not have a single fixed maturity.

Investing_Activities_Sales_of_

Investing Activities - Sales of Available-for-Sale Securities (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Debt securities, available-for-sale	'	'
Proceeds from sales	$48.40	$26.10
Proceeds from maturities/repayments	289.7	381.8
Gross investment gains from sales, prepayments and maturities	10.7	11
Gross investment losses from sales and maturities	-2.9	-1.4
Equity securities, available-for-sale	'	'
Proceeds from sales	4.1	1
Gross investment gains from sales	1.9	0.3
Gross investment losses from sales	$0	$0

Investing_Activities_Aging_of_

Investing Activities - Aging of Temporary Impaired Securities (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]	'	'
CMBS	$3.80	$3.30
Less than 12 months | Fair Value	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
U.S. government and agency	33.3	48
State and political subdivision	80.9	120.1
Foreign government	21.3	41
Corporate	1,077.40	1,769.40
CMBS	19.3	93.7
RMBS	427	773.5
CDO/CLO	-58.4	-64.1
Other asset-backed	0	22.3
Debt securities	1,717.60	2,932.10
Equity securities	-3.6	-4
Total temporarily impaired securities	1,721.20	2,936.10
Amounts inside the closed block	607.7	1,176.10
Amounts outside the closed block	1,113.50	1,760
Amounts outside the closed block that are below investment grade	26.8	75.3
Less than 12 months | Unrealized Losses	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
U.S. government and agency	-0.8	-2.1
State and political subdivision	-4.4	-7.6
Foreign government	-0.2	-0.7
Corporate	-41.9	-91.8
CMBS	-0.9	-2.7
RMBS	-12.4	-24.4
CDO/CLO	0.5	0.6
Other asset-backed	0	-0.1
Debt securities	-61.1	-130
Equity securities	0.4	0
Total temporarily impaired securities	-61.5	-130
Amounts inside the closed block	-19.3	-48.9
Amounts outside the closed block	-42.2	-81.1
Amounts outside the closed block that are below investment grade	-1	-3.5
Number of securities	309	476
Greater than 12 months | Fair Value	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
U.S. government and agency	4.5	3
State and political subdivision	11	10.7
Foreign government	0	0
Corporate	486.8	314.9
CMBS	8.5	6.5
RMBS	159.9	144.4
CDO/CLO	-97.5	-97.1
Other asset-backed	24.7	29.5
Debt securities	792.9	606.1
Equity securities	-0.8	-3.7
Total temporarily impaired securities	793.7	609.8
Amounts inside the closed block	312.7	224.6
Amounts outside the closed block	481	385.2
Amounts outside the closed block that are below investment grade	55.2	52.9
Greater than 12 months | Unrealized Losses	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
U.S. government and agency	-0.4	-0.5
State and political subdivision	-2.3	-2.6
Foreign government	0	0
Corporate	-46	-48.3
CMBS	-0.3	-0.2
RMBS	-15.1	-13
CDO/CLO	3.9	4.5
Other asset-backed	-6.2	-7.4
Debt securities	-74.2	-76.5
Equity securities	0.7	0.9
Total temporarily impaired securities	-74.9	-77.4
Amounts inside the closed block	-25.9	-27.4
Amounts outside the closed block	-49	-50
Amounts outside the closed block that are below investment grade	-6.1	-7.8
Number of securities	178	154
Total | Fair Value	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
U.S. government and agency	37.8	51
State and political subdivision	91.9	130.8
Foreign government	21.3	41
Corporate	1,564.20	2,084.30
CMBS	27.8	100.2
RMBS	586.9	917.9
CDO/CLO	-155.9	-161.2
Other asset-backed	24.7	51.8
Debt securities	2,510.50	3,538.20
Equity securities	-4.4	-7.7
Total temporarily impaired securities	2,514.90	3,545.90
Amounts inside the closed block	920.4	1,400.70
Amounts outside the closed block	1,594.50	2,145.20
Amounts outside the closed block that are below investment grade	82	128.2
Total | Unrealized Losses	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
U.S. government and agency	-1.2	-2.6
State and political subdivision	-6.7	-10.2
Foreign government	-0.2	-0.7
Corporate	-87.9	-140.1
CMBS	-1.2	-2.9
RMBS	-27.5	-37.4
CDO/CLO	4.4	5.1
Other asset-backed	-6.2	-7.5
Debt securities	-135.3	-206.5
Equity securities	1.1	0.9
Total temporarily impaired securities	-136.4	-207.4
Amounts inside the closed block	-45.2	-76.3
Amounts outside the closed block	-91.2	-131.1
Amounts outside the closed block that are below investment grade	($7.10)	($11.30)
Number of securities	487	630

Investing_Activities_Credit_Lo

Investing Activities - Credit Losses Recognized in Earnings on Debt Securities for which a Portion of the OTTI Loss was Recognized in OCI (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Credit Losses Recognized in Earnings on Debt Securities for which a Portion of the OTTI Loss was Recognized in OCI: ($ in millions)	'		'
Balance, beginning of period	($72)		($72.60)
Add: Credit losses on securities not previously impaired	0	[1]	0	[1]
Add: Credit losses on securities previously impaired	0	[1]	-1.6	[1]
Less: Credit losses on securities impaired due to intent to sell	0		0
Less: Credit losses on securities sold	8.4		3.5
Less: Increases in cash flows expected on previously impaired securities	0		0
Balance, end of period	($63.60)		($70.70)
[1]	Additional credit losses on securities for which a portion of the OTTI loss was recognized in AOCI are included within net OTTI losses recognized in earnings on the statements of income and comprehensive income.

Investing_Activities_Limited_P

Investing Activities - Limited Partnerships and Other Investments (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Investments, Debt and Equity Securities [Abstract]	'	'
Private equity funds	$247.30	$243.40
Mezzanine funds	180.1	180.4
Infrastructure funds	38.7	38.1
Hedge funds	12	13
Mortgage and real estate funds	3.8	3.3
Leverage leases	15.3	16.8
Direct equity investments	48	42.5
Life settlements	21.9	21.6
Other alternative assets	2.4	2.8
Limited partnerships and other investments	569.5	561.9
Amounts applicable to the closed block	$351.60	$345.30

Investing_Activities_Sources_o

Investing Activities - Sources of Net Investment Income (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'	'
Debt securities	$143.60	$145.10
Equity securities	0.6	-1
Limited partnerships and other investments	32.7	12.5
Policy loans	41.2	39.3
Fair value investments	-0.4	-1.2
Total investment income	217.7	194.7
Less: Discontinued operations	0.3	0.3
Less: Investment expenses	-3.9	-3.3
Net investment income	213.5	191.1
Amounts applicable to the closed block	$108.80	$99.10

Investing_Activities_Sources_a

Investing Activities - Sources and Types of Net Realized Investment Gains (Losses) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'		'
Total other-than-temporary debt impairments	$0		($0.90)
Portion of gains (losses) recognized in OCI	-0.2		-1.7
Net debt impairments recognized in earnings	-0.2		-2.6
Debt security impairments:	'		'
U.S. government and agency	0		0
State and political subdivision	0		0
Foreign government	0		0
Corporate	-0.2		0
CMBS	0		0
RMBS	0		-1.8
CDO/CLO	0		-0.8
Other asset-backed	0		0
Net debt security impairments	-0.2		-2.6
Equity security impairments	0		0
Limited partnerships and other investment impairments	0		0
Impairment losses	-0.2		-2.6
Debt security transaction gains	10.7		11
Debt security transaction losses	-2.9		-1.4
Equity security transaction gains	1.9		0.3
Equity security transaction losses	0		0
Limited partnerships and other investment transaction gains	0		0
Limited partnerships and other investment transaction losses	0		0
Net transaction gains (losses)	9.7		9.9
Derivative instruments	23.8		23.9
Embedded derivatives	-11.7	[1]	-0.5	[1]
Assets valued at fair value	0.3		1.2
Net realized investment gains (losses), excluding impairment losses	-25.5		-13.3
Net realized investment gains (losses), including impairment losses	($25.70)		($15.90)
[1]	Includes the change in fair value of embedded derivatives associated with fixed index annuity indexed crediting feature and variable annuity riders. See Note 10 to these consolidated interim unaudited financial statements for additional disclosures.

Investing_Activities_Sources_o1

Investing Activities - Sources of Changes in Net Unrealized Investment Gains (Losses) (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'	'
Debt securities	$168.20	($21.80)
Equity securities	1.9	2
Other investments	0.7	1
Net unrealized investment gains (losses)	170.8	-18.8
Applicable to closed block policyholder dividend obligation	82.1	-20.6
Applicable to DAC	40.2	-9.7
Applicable to other actuarial offsets	31.6	19
Applicable to deferred income tax expense (benefit)	28.7	7.8
Offsets to net unrealized investment gains (losses)	182.6	-3.5
Net unrealized investment gains (losses) included in OCI	($11.80)	($15.30)

Investing_Activities_Carrying_

Investing Activities - Carrying Value of Assets and Liabilities for Consolidated Variable Interest Entities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Liabilities	'		'
Variable Interest Entity [Line Items]	'		'
Debt securities, at fair value	$0	[1]	$0	[1]
Equity securities, at fair value	0	[1]	0	[1]
Cash and cash equivalents	0		0
Investment in partnership interests	0		0
Investment in single asset LLCs	0		0
Other assets	0		0
Total assets of consolidated VIEs	0		0
Total liabilities of consolidated VIEs	0.7		0.8
Maximum Exposure of Loss	'		'
Variable Interest Entity [Line Items]	'		'
Debt securities, at fair value	3.8	[1]	3.2	[1],[2]
Equity securities, at fair value	27	[1]	24.7	[1],[2]
Cash and cash equivalents	10.5		10.6	[2]
Investment in partnership interests	0		0.1	[2]
Investment in single asset LLCs	17.7		15.1	[2]
Other assets	0.5		0.5	[2]
Total assets of consolidated VIEs	59.5		54.2	[2]
Total liabilities of consolidated VIEs	0.6		0.6	[2]
Assets	'		'
Variable Interest Entity [Line Items]	'		'
Debt securities, at fair value	4.1	[1]	3.6	[1]
Equity securities, at fair value	31.9	[1]	29.4	[1]
Cash and cash equivalents	10.6		10.8
Investment in partnership interests	0		0.1
Investment in single asset LLCs	23.4		19.9
Other assets	0.7		0.6
Total assets of consolidated VIEs	70.7		64.4
Total liabilities of consolidated VIEs	$0		$0
[1]	Included in fair value investments on the consolidated balance sheets.
[2]	Creditors or beneficial interest holders of the consolidated VIEs have no recourse to our general credit. Our obligation to the VIEs is limited to the amount of our committed investment. We have not provided material financial or other support that was not contractually required to these VIEs. There were no unfunded commitments in the maximum exposure to loss above at March 31, 2014 and December 31, 2013.

Investing_Activities_Carrying_1

Investing Activities - Carrying Value of Assets and Liabilities and Maximum Exposure Loss Relating to Variable Interest Entities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Liabilities	'		'
Variable Interest Entity [Line Items]	'		'
Total	$0		$0
Liabilities | Limited Partnerships	'		'
Variable Interest Entity [Line Items]	'		'
Total	0		0
Liabilities | LLCs	'		'
Variable Interest Entity [Line Items]	'		'
Total	0		0
Maximum Exposure of Loss	'		'
Variable Interest Entity [Line Items]	'		'
Total	216.7	[1]	227.5	[1]
Maximum Exposure of Loss | Limited Partnerships	'		'
Variable Interest Entity [Line Items]	'		'
Total	160.8	[1]	171.6	[1]
Maximum Exposure of Loss | LLCs	'		'
Variable Interest Entity [Line Items]	'		'
Total	55.9	[1]	55.9	[1]
Assets	'		'
Variable Interest Entity [Line Items]	'		'
Total	157		172.6
Assets | Limited Partnerships	'		'
Variable Interest Entity [Line Items]	'		'
Total	101.1		116.7
Assets | LLCs	'		'
Variable Interest Entity [Line Items]	'		'
Total	$55.90		$55.90
[1]	Creditors or beneficial interest holders of the VIEs have no recourse to our general credit. Our obligation to the VIEs is limited to the amount of our committed investment. We have not provided material financial or other support that was not contractually required to these VIEs.

Investing_Activities_Narrative

Investing Activities - Narrative (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
	security
	issuer
	counterparty
Investments, Debt and Equity Securities [Abstract]	'	'
Unrealized losses on debt securities outside closed block depressed of amortized cost, percentage	20.00%	'
Unrealized losses on debt securities outside closed block depressed of amortized cost, amount	$3.30	'
Unrealized losses on debt securities outside closed block depressed of amortized cost for more than 12 month, amount	2.3	'
Unrealized losses on debt securities outside closed block depressed of amortized cost for more than 12 month, percentage	20.00%	'
Unrealized losses on debt securities held in closed block depressed of amortized cost, amount	0.7	'
Unrealized losses on debt securities outside closed block depressed of amortized cost for more than 12 month, amount	0	'
Number of debt securities	166	'
Number of equity securities	12	'
Equity method investments	157	172.6
Number of issuers	2	'
Fixed maturities below-investment-grade assets	885.2	864
Derivative assets, net of liabilities	87.4	'
Number of counterparties	11	'
Debt securities, fair value	254	'
Maximum amount of loss due to credit risk	$341.40	'

Financing_Activities_Schedule_

Financing Activities Schedule of Long-term Debt Instruments (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Debt Disclosure [Abstract]	'	'
7.15% surplus notes, due December 2034	$126.10	$126.10
7.45% senior unsecured bonds, matures January 2032	252.7	252.7
Total indebtedness	$378.80	$378.80

Financing_Activities_Narrative

Financing Activities Narrative (Details) (USD $)	1 Months Ended	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'	'
Unamortized discount	'	$600,000	'
Cumulative amount of bonds repurchased	'	47,300,000	'
7.45% senior unsecured bonds, matures January 2032	'	252,700,000	252,700,000
Future minimum annual payments on indebtedness in 2032	'	252,700,000	'
Future minimum annual payments on debt in 2034	'	126,700,000	'
Surplus Notes | 7.15% Surplus Notes	'	'	'
Debt Instrument [Line Items]	'	'	'
Stated interest rate	'	7.15%	'
Bonds | 7.45% Senior Unsecured Bonds	'	'	'
Debt Instrument [Line Items]	'	'	'
Stated interest rate	'	7.45%	'
Redemption price percentage	'	100.00%	'
Repurchased face amount	'	0	0
Extinguishment of Debt, Amount	$31,400,000	'	'
Debt Instrument, Covenant Compliance, Period to File Reports With Trustee	'	'15 days	'

Financing_Activities_Interest_

Financing Activities Interest Expense on Indebtedness, including Amortization of Debt Issuance Costs (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Debt Disclosure [Abstract]	'	'
7.15% surplus notes	$2.30	$2.30
7.45% senior unsecured bonds	4.8	5.4
Interest expense on indebtedness	$7.10	$7.70

Common_Stock_and_Stock_Repurch1

Common Stock and Stock Repurchase Program Narrative (Details) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Class of Stock [Line Items]	'	'
Shares authorized (in shares)	50,000,000	'
Stock repurchase program authorized amount	$25,000,000	'
Shares issued (in shares)	6,400,000	'
Shares issued to policyholders in exchange for their interests (in shares)	2,800,000	'
Shares issue to settle share-based compensation awards (in shares)	3,600,000	'
Shares held in employee trust (in shares)	100,000	'
Common shares reserved (in shares)	400,000	'
Ownership percentage by noncontrolling interest	5.10%	'
Compensation costs	$600,000	$700,000
Stock Options	'	'
Class of Stock [Line Items]	'	'
Common shares reserved (in shares)	300,000	'
Restricted Stock Units (RSUs)	'	'
Class of Stock [Line Items]	'	'
Common shares reserved (in shares)	100,000	'

Separate_Accounts_Death_Benefi2

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives Separate Account Investments of Account Balances of Variable Annuity Contracts with Guarantees (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives [Abstract]	'	'
Debt securities	$422.60	$433
Equity funds	1,845.40	1,920.40
Other	64	64.3
Total	$2,332	$2,417.70

Separate_Accounts_Death_Benefi3

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives Changes in Guaranteed Liability Balances (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Variable Annuity GMIB	'	'
Movement in Guaranteed Benefit Liability, Gross [Roll Forward]	'	'
Liability balance, beginning of the period	$9.80	$21.70
Incurred	-0.7	1.2
Paid	0	0
Change due to net unrealized gains or losses included in AOCI	-0.1	-0.1
Assumption unlocking	0	0
Liability balance, end of the period	9	22.8
Variable Annuity GMDB	'	'
Movement in Guaranteed Benefit Liability, Gross [Roll Forward]	'	'
Liability balance, beginning of the period	22.7	15.9
Incurred	-0.1	0.5
Paid	-0.6	-1.3
Change due to net unrealized gains or losses included in AOCI	0.1	0.1
Assumption unlocking	0	0
Liability balance, end of the period	22.1	15.2
Fixed Indexed Annuity GMWB & GMDB	'	'
Movement in Guaranteed Benefit Liability, Gross [Roll Forward]	'	'
Liability balance, beginning of the period	90	103.6
Incurred	5	12.6
Paid	-0.1	-0.1
Change due to net unrealized gains or losses included in AOCI	19.8	1.4
Assumption unlocking	0	0
Liability balance, end of the period	114.7	117.5
Universal Life	'	'
Movement in Guaranteed Benefit Liability, Gross [Roll Forward]	'	'
Liability balance, beginning of the period	179.8	137.7
Incurred	4.8	16.4
Paid	-1.9	-3.4
Change due to net unrealized gains or losses included in AOCI	0.9	0.5
Assumption unlocking	0	0
Liability balance, end of the period	$183.60	$151.20

Separate_Accounts_Death_Benefi4

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives Variable Annuity GMDB Benefits by Type (Details) (USD $)	3 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	$2,720.60		$2,807.70
NAR before Reinsurance	122.8		124.9
NAR after Reinsurance	16.4		16.9
Average Attained Age of Annuitant	'65 years	[1]	'64 years	[1]
Less: General account value with GMDB	397.7		403.3
Subtotal separate account liabilities with GMDB	2,322.90		2,404.40
Separate account liabilities without GMDB	985.1		997.9
Total separate account liabilities	3,308		3,402.30
GMIB at end of period	379.5	[1]	398.6	[1]
GMDB return of premium	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	743.8		770.3
NAR before Reinsurance	2		2.1
NAR after Reinsurance	2		2.1
Average Attained Age of Annuitant	'63 years		'63 years
GMDB step up	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	1,915.10		1,974.70
NAR before Reinsurance	116		117.9
NAR after Reinsurance	9.6		9.9
Average Attained Age of Annuitant	'64 years		'64 years
GMDB earnings enhancement benefit (“EEB”)	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	35.5		36
NAR before Reinsurance	0		0.1
NAR after Reinsurance	0		0.1
Average Attained Age of Annuitant	'64 years		'64 years
GMDB greater of annual step up and roll up	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	26.2		26.7
NAR before Reinsurance	4.8		4.8
NAR after Reinsurance	$4.80		$4.80
Average Attained Age of Annuitant	'68 years		'68 years
[1]	Policies with a GMIB also have a GMDB, however these benefits are not additive. When a policy terminates due to death, any NAR related or GMIB is released. Similarly, when a policy goes into benefit status on a GMIB, its GMDB NAR is released.

Separate_Accounts_Death_Benefi5

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives Non-Insurance Guaranteed Product Features (Details) (USD $)	3 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Dec. 31, 2013
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	$929.90		$970.90
Average Attained Age of Annuitant	'65 years	[1]	'64 years	[1]
GMWB	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	559.1		581.5
Average Attained Age of Annuitant	'64 years		'64 years
GMAB	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	363.6		382.2
Average Attained Age of Annuitant	'59 years		'59 years
COMBO	'		'
Net Amount at Risk by Product and Guarantee [Line Items]	'		'
Account Value	$7.20		$7.20
Average Attained Age of Annuitant	'63 years		'63 years
[1]	Policies with a GMIB also have a GMDB, however these benefits are not additive. When a policy terminates due to death, any NAR related or GMIB is released. Similarly, when a policy goes into benefit status on a GMIB, its GMDB NAR is released.

Separate_Accounts_Death_Benefi6

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives Variable Annuity Embedded Derivative Liabilities (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Separate Accounts Death Benefits Other Insurance Benefit Features And Embedded Product Derivatives Details 4	'	'
GMWB	($3.20)	($5.10)
GMAB	-0.1	1.4
COMBO	-0.3	-0.4
Total variable annuity embedded derivative liabilities	($3.60)	($4.10)

Separate_Accounts_Death_Benefi7

Separate Accounts Death Benefits, Other Insurance Benefit Features and Embedded Product Derivatives Narrative (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives [Abstract]	'	'	'
Assets supporting fixed indexed annuities	$2,100,000,000	'	$2,000,000,000
Fair value embedded derivatives	97,200,000	'	78,900,000
Embedded derivatives gains and (losses) recognized in earnings	($11,700,000)	($500,000)	'

Separate_Accounts_Death_Benefi8

Separate Accounts, Death Benefits and Other Insurance Benefit Features and Embedded Product Derivatives Changes in Additional Liability Balances (Details) (Universal Life, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Universal Life	'	'	'	'
Net Amount at Risk by Product and Guarantee [Line Items]	'	'	'	'
Supplementary Insurance Information, Liability for Future Policy Benefits, Losses, Claims and Loss Expense Reserves	$293.40	$341.40	$257	$308.40
Supplementary Insurance Information, Benefits, Claims, Losses and Settlement Expense	19.9	22	'	'
Change due to net unrealized gains or losses included in AOCI	16.5	11	'	'
Assumption unlocking	$0	$0	'	'

Derivative_Instruments_Details

Derivative Instruments (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Derivative [Line Items]	'		'
Fair Value Assets	$172.70		$243.10
Fair Value Liabilities	85.3		111.5
Derivative liabilities contingent receivable	1.9		1.9
Total derivative instruments	'		'
Derivative [Line Items]	'		'
Notional Amount	5,757		6,320.10
Fair Value Assets	172.7		243.1
Fair Value Liabilities	85.3	[1]	111.5	[1]
Interest rate swaps	'		'
Derivative [Line Items]	'		'
Notional Amount	94		139
Fair Value Assets	5.6		3.9
Fair Value Liabilities	3.8	[1]	6.8	[1]
Variance swaps	'		'
Derivative [Line Items]	'		'
Notional Amount	0.9		0.9
Fair Value Assets	0		0
Fair Value Liabilities	8.5	[1]	7.9	[1]
Swaptions	'		'
Derivative [Line Items]	'		'
Notional Amount	3,277		3,902
Fair Value Assets	12.5		30.7
Fair Value Liabilities	0	[1]	0	[1]
Put options	'		'
Derivative [Line Items]	'		'
Notional Amount	406		406
Fair Value Assets	26.8		31.1
Fair Value Liabilities	0	[1]	0	[1]
Call options	'		'
Derivative [Line Items]	'		'
Notional Amount	1,811.40	[2]	1,701.60	[2]
Fair Value Assets	115	[2]	163.1	[2]
Fair Value Liabilities	72.3	[1],[2]	96.1	[1],[2]
Cross currency swaps	'		'
Derivative [Line Items]	'		'
Notional Amount	10		10
Fair Value Assets	0		0
Fair Value Liabilities	0.7	[1]	0.7	[1]
Equity futures	'		'
Derivative [Line Items]	'		'
Notional Amount	157.7		160.6
Fair Value Assets	12.8		14.3
Fair Value Liabilities	$0	[1]	$0	[1]
[1]	Derivative liabilities are included in other liabilities on the consolidated balance sheets.
[2]	Includes a contingent receivable of $1.9 million.

Derivative_Instruments_Derivat

Derivative Instruments Derivative Instrument Gains (Losses) Recognized in Earnings (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Interest rate swaps	$5	($0.80)
Variance swaps	-0.6	-2.1
Swaptions	-18.3	-1.8
Put options	-4.2	-17.4
Call options	-3	17.4
Equity futures	-0.1	0.3
Cross currency swaps	-2.6	-19.5
Embedded derivatives	-11.7	-0.5
Total derivative instrument losses recognized in realized investment gains (losses)	($35.50)	($24.40)

Derivative_Instruments_Narrati

Derivative Instruments Narrative (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Derivative Instruments and Hedging Activities Disclosure [Abstract]	'	'
Cash and cash equivalents held at collateral by a third party related to derivative transactions	$10.50	$8.60

Derivative_Instruments_Offsett

Derivative Instruments Offsetting Assets and Liabilities (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Derivative Asset [Abstract]	'		'
Derivative Asset, Fair Value, Gross Asset	$172.70	[1]	$243.10	[1]
Derivative Asset, Collateral, Obligation to Return Cash, Offset	0		0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	172.7		243.1
Derivative, Collateral, Obligation to Return Securities	-82.3		-110.2
Derivative, Collateral, Obligation to Return Cash	7.5		7.3
Net amount	90.4		132.9
Offsetting Derivative Liabilities [Abstract]	'		'
Derivative Liability, Fair Value, Gross Liability	-85.3	[1]	-111.5	[1]
Derivative Liability, Collateral, Right to Reclaim Cash, Offset	0		0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	85.3		111.5
Derivative, Collateral, Right to Reclaim Securities	82.3		110.2
Derivative, Collateral, Right to Reclaim Cash	3	[2]	1.3	[2]
Net amount	$0		$0
[1]	Amounts include all derivative instruments, irrespective of whether there is a legally enforceable master netting arrangement in place.
[2]	Cash collateral pledged with derivative counterparties is recorded within other assets on the balance sheets. The Company pledges cash collateral to offset certain individual derivative liability positions with certain counterparties. Cash collateral of $7.5 million and $7.3 million as of March 31, 2014 and December 31, 2013, respectively, that exceeds the net liability resulting from the aggregate derivative positions with a corresponding counterparty is excluded.

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Nonrecurring (Details) (USD $)	Mar. 31, 2014		Dec. 31, 2013
In Millions, unless otherwise specified
Equity Securities, available-for-sale	'		'
Fair Value	$12,002.10		$11,808.60
Separate account assets	3,308		3,402.30
Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	12,002.10		11,808.60
Available-for-sale equity securities	64.1		61.8
Short-term Investments, Fair Value Disclosure	571		361.6
Derivative assets	172.7		243.1
Fair value investments	215.2	[1]	210.8	[2]
Separate account assets	3,308		3,402.30
Total assets	16,333.10		16,088.20
LIABILITIES:	'		'
Derivative liabilities	85.3		111.5
Embedded derivatives	93.6		74.8
Total liabilities	178.9		186.3
Debt securities fair value	123.9		125.7
Deferred compensation liabilities	23		23.2
Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Available-for-sale equity securities	1.1		2.8
Short-term Investments, Fair Value Disclosure	571		349.7
Derivative assets	12.8		14.3
Fair value investments	31.8	[1]	32.1	[2]
Separate account assets	3,308		3,402.30
Total assets	3,924.70		3,801.20
LIABILITIES:	'		'
Derivative liabilities	0		0
Embedded derivatives	0		0
Total liabilities	0		0
Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	6,375.70		6,089.80
Available-for-sale equity securities	0		0
Short-term Investments, Fair Value Disclosure	0		11
Derivative assets	159.9		228.8
Fair value investments	13.1	[1]	13.2	[2]
Separate account assets	0		0
Total assets	6,548.70		6,342.80
LIABILITIES:	'		'
Derivative liabilities	85.3		111.5
Embedded derivatives	0		0
Total liabilities	85.3		111.5
Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	5,626.40		5,718.80
Available-for-sale equity securities	63		59
Short-term Investments, Fair Value Disclosure	0		0.9
Derivative assets	0		0
Fair value investments	170.3	[1]	165.5	[2]
Separate account assets	0		0
Total assets	5,859.70		5,944.20
LIABILITIES:	'		'
Derivative liabilities	0		0
Embedded derivatives	93.6		74.8
Total liabilities	93.6		74.8
Consolidated Variable Interest Entity | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair value investments	68.3	[1]	61.9	[1]
Consolidated Variable Interest Entity | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair value investments	8.8	[1]	8.9	[1]
U.S. government and agency	'		'
Equity Securities, available-for-sale	'		'
Fair Value	418.8		403.8
U.S. government and agency | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	418.8	[3]	403.8
U.S. government and agency | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0	[3]	0
U.S. government and agency | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	78.4	[3]	76.6
U.S. government and agency | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	340.4	[3]	327.2	[3]
State and political subdivision	'		'
Equity Securities, available-for-sale	'		'
Fair Value	427.2		410.5
State and political subdivision | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	427.2		410.5
State and political subdivision | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
State and political subdivision | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	150.4		141.4
State and political subdivision | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	276.8		269.1
Foreign government	'		'
Equity Securities, available-for-sale	'		'
Fair Value	223		209.9
Foreign government | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	223		209.9
Foreign government | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Foreign government | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	206.9		194
Foreign government | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	16.1		15.9
Corporate	'		'
Equity Securities, available-for-sale	'		'
Fair Value	7,836		7,630.50
Corporate | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	7,836		7,630.50
Corporate | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Corporate | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	3,894.50		3,662.10
Corporate | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	3,941.50		3,968.40
Commercial mortgage-backed (“CMBS”)	'		'
Equity Securities, available-for-sale	'		'
Fair Value	702.1		714.5
Commercial mortgage-backed (“CMBS”) | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	702.1		714.5
Commercial mortgage-backed (“CMBS”) | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Commercial mortgage-backed (“CMBS”) | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	650		600.1
Commercial mortgage-backed (“CMBS”) | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	52.1		114.4
Residential mortgage-backed (“RMBS”)	'		'
Equity Securities, available-for-sale	'		'
Fair Value	1,867.70		1,896.90
Residential mortgage-backed (“RMBS”) | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	1,867.70		1,896.90
Residential mortgage-backed (“RMBS”) | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Residential mortgage-backed (“RMBS”) | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	1,333.70		1,344.90
Residential mortgage-backed (“RMBS”) | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	534		552
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”)	'		'
Equity Securities, available-for-sale	'		'
Fair Value	236.1		224.1
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”) | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	236.1		224.1
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”) | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”) | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”) | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	236.1		224.1
Other asset-backed	'		'
Equity Securities, available-for-sale	'		'
Fair Value	291.2		318.4
Other asset-backed | Fair Value, Measurements, Nonrecurring	'		'
Equity Securities, available-for-sale	'		'
Fair Value	291.2		318.4
Other asset-backed | Fair Value, Measurements, Nonrecurring | Level 1	'		'
Equity Securities, available-for-sale	'		'
Fair Value	0		0
Other asset-backed | Fair Value, Measurements, Nonrecurring | Level 2	'		'
Equity Securities, available-for-sale	'		'
Fair Value	61.8		70.7
Other asset-backed | Fair Value, Measurements, Nonrecurring | Level 3	'		'
Equity Securities, available-for-sale	'		'
Fair Value	$229.40		$247.70
[1]	Fair value investments at March 31, 2014 include $123.9 million of debt securities recorded at fair value. In addition, we have also elected the fair value option for equity securities backing our deferred compensation liabilities at $23.0 million as of March 31, 2014. Changes in the fair value of these assets are recorded through net investment income. Additionally, $68.3 million of assets relate to investment holdings of consolidated VIEs held at fair value, $8.8 million of which are Level 1 securities.
[2]	Fair value investments at December 31, 2013 include $125.7 million of debt securities recorded at fair value. In addition, we have also elected the fair value option for equity securities backing our deferred compensation liabilities at $23.2 million as of December 31, 2013. Changes in the fair value of these assets are recorded through net investment income. Additionally, $61.9 million of assets relate to investment holdings of consolidated VIEs held at fair value, $8.9 million of which are Level 1 securities.
[3]	Level 3 includes securities whose underlying collateral is an obligation of a U.S. government entity.

Fair_Value_of_Financial_Instru3

Fair Value of Financial Instruments - Corporates Carried on a Recurring Basis (Details) (Recurring, USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Values of Corporates by Level and Sector:	'	'
Consumer	$1,786.60	$2,392.50
Energy	861.3	827.4
Financial services	2,528	2,468.80
Capital goods	719.7	380.3
Transportation	366.2	324.5
Utilities	900.7	876
Other	673.5	361
Total corporates	7,836	7,630.50
Level 1	'	'
Fair Values of Corporates by Level and Sector:	'	'
Consumer	0	0
Energy	0	0
Financial services	0	0
Capital goods	0	0
Transportation	0	0
Utilities	0	0
Other	0	0
Total corporates	0	0
Level 2	'	'
Fair Values of Corporates by Level and Sector:	'	'
Consumer	590.8	896
Energy	537.3	492.2
Financial services	1,571	1,497
Capital goods	384.6	187.6
Transportation	110.8	93.6
Utilities	329.7	316
Other	370.3	179.7
Total corporates	3,894.50	3,662.10
Level 3	'	'
Fair Values of Corporates by Level and Sector:	'	'
Consumer	1,195.80	1,496.50
Energy	324	335.2
Financial services	957	971.8
Capital goods	335.1	192.7
Transportation	255.4	230.9
Utilities	571	560
Other	303.2	181.3
Total corporates	$3,941.50	$3,968.40

Fair_Value_of_Financial_Instru4

Fair Value of Financial Instruments - Changes in Fair Value of Level 3 Financial Assets (Details) (Level 3, Fair Value, Measurements, Nonrecurring, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
U.S. government and agency	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	$327.20	[1]	$296.70	[1]
Purchases	12.9	[1]	12.2	[1]
Sales	-5.5	[1]	-1.7	[1]
Transfers into Level 3	0	[1]	0	[1]
Transfers out of Level 3	0	[1]	0	[1]
Realized & unrealized gains (losses) included in income	0	[1],[2]	0	[1],[2]
Unrealized gains (losses) included in OCI	5.8	[1]	2.3	[1]
Balance, end of period	340.4	[1]	309.5	[1]
State and political subdivision	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	269.1		212.4
Purchases	2.9		0
Sales	-0.8		-0.5
Transfers into Level 3	0		0
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	0	[2]	0	[2]
Unrealized gains (losses) included in OCI	5.6		-15.4
Balance, end of period	276.8	[1]	196.5
Foreign government	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	15.9		45.8
Purchases	0		0
Sales	0		-0.2
Transfers into Level 3	0		8
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	0	[2]	0	[2]
Unrealized gains (losses) included in OCI	0.2		-2.5
Balance, end of period	16.1		51.1
Corporate	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	3,968.40		3,812.30
Purchases	171		191.8
Sales	-21.8		-17
Transfers into Level 3	0		9.6
Transfers out of Level 3	-127		-43.2
Realized & unrealized gains (losses) included in income	0	[2]	-1.1	[2]
Unrealized gains (losses) included in OCI	-49.1		-106.2
Balance, end of period	3,941.50		3,846.20
Commercial mortgage-backed (“CMBS”)	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	114.4		89.7
Purchases	0		0
Sales	-2.7		-1.9
Transfers into Level 3	0		0
Transfers out of Level 3	-60.1		-8.7
Realized & unrealized gains (losses) included in income	-0.1	[2]	-0.1	[2]
Unrealized gains (losses) included in OCI	0.6		2.2
Balance, end of period	52.1		81.2
Residential mortgage-backed (“RMBS”)	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	552		709.3
Purchases	0.5		0.7
Sales	-13.9		-24.2
Transfers into Level 3	0		0
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	0.5	[2]	-1.2	[2]
Unrealized gains (losses) included in OCI	-5.1		-5.8
Balance, end of period	534		678.8
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”)	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	224.1		223.7
Purchases	23		21.8
Sales	-6.4		-11.4
Transfers into Level 3	0		0
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	0.4	[2]	-0.4	[2]
Unrealized gains (losses) included in OCI	-5		4.3
Balance, end of period	236.1		238
Other asset-backed	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	247.7		309.9
Purchases	0		0
Sales	-4.5		-7.4
Transfers into Level 3	0		0
Transfers out of Level 3	-1.7		0
Realized & unrealized gains (losses) included in income	0	[2]	0	[2]
Unrealized gains (losses) included in OCI	-12.1		6.7
Balance, end of period	229.4		309.2
Total available-for-sale debt securities	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	5,718.80		5,699.80
Purchases	210.3		226.5
Sales	-55.6		-64.3
Transfers into Level 3	0		17.6
Transfers out of Level 3	-188.8		-51.9
Realized & unrealized gains (losses) included in income	0.8	[2]	-2.8	[2]
Unrealized gains (losses) included in OCI	-59.1		-114.4
Balance, end of period	5,626.40		5,710.50
Available-for-sale equity securities	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	59		32.7
Purchases	6.7		2.3
Sales	0		0
Transfers into Level 3	0		0
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	0	[2]	-3.3	[2]
Unrealized gains (losses) included in OCI	-2.7		1.2
Balance, end of period	63		32.9
Short-term investments	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	0.9		0
Purchases	0		0
Sales	0		0
Transfers into Level 3	0		0
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	0	[2]	0	[2]
Unrealized gains (losses) included in OCI	-0.9		0
Balance, end of period	0		0
Fair value investments	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	165.5		153.3
Purchases	0		14.6
Sales	-2.6		-3.9
Transfers into Level 3	0		1.3
Transfers out of Level 3	0		0
Realized & unrealized gains (losses) included in income	7.4	[2]	3	[2]
Unrealized gains (losses) included in OCI	0		0
Balance, end of period	170.3		168.3
Total assets	'		'
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]	'		'
Balance, beginning of period	5,944.20		5,885.80
Purchases	217		243.4
Sales	-58.2		-68.2
Transfers into Level 3	0		18.9
Transfers out of Level 3	-188.8		-51.9
Realized & unrealized gains (losses) included in income	8.2	[2]	-3.1	[2]
Unrealized gains (losses) included in OCI	-62.7		-113.2
Balance, end of period	$5,859.70		$5,911.70
[1]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.
[2]	Reflected in realized investment gains and losses for all assets except fair value investments which are included in net investment income.

Fair_Value_of_Financial_Instru5

Fair Value of Financial Instruments - Changes in Fair Value of Level 3 Financial Liabilities (Details) (Embedded Derivatives, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Embedded Derivatives	'		'
Level 3 Financial Liabilities	'		'
Balance, beginning of period	$74.80		$80.80
Net purchases/(sales)	7.1		1.5
Transfers into Level 3	0		0
Transfers out of Level 3	0		0
Realized (gains) losses	11.7	[1]	0.5	[1]
Balance, end of period	$93.60		$82.80
[1]	Realized gains and losses are included in net realized investment gains on the consolidated statements of income and comprehensive income.

Fair_Value_of_Financial_Instru6

Fair Value of Financial Instruments - Quantitative Estimates for Level 3 Assets (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

In Millions, unless otherwise specified

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Level 3

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Income Approach Valuation Technique

Income Approach Valuation Technique

Income Approach Valuation Technique

Income Approach Valuation Technique

Minimum

Minimum

Minimum

Minimum

Minimum

Minimum

Minimum

Minimum

Maximum

Maximum

Maximum

Maximum

Maximum

Maximum

Maximum

Maximum

US Treasury and Government

US Treasury and Government

State and political subdivision

State and political subdivision

Corporate

Corporate

Other asset-backed

Other asset-backed

Fair value investments

Fair value investments

US Treasury and Government

US Treasury and Government

State and political subdivision

State and political subdivision

Corporate

Corporate

Other asset-backed

Other asset-backed

Fair Value Investments

Fair Value Investments

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Income Approach Valuation Technique

Income Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Market Approach Valuation Technique

Income Approach Valuation Technique

Income Approach Valuation Technique

US Treasury and Government

US Treasury and Government

State and political subdivision

State and political subdivision

Corporate

Corporate

Other asset-backed

Other asset-backed

US Treasury and Government

US Treasury and Government

State and political subdivision

State and political subdivision

Corporate

Corporate

Other asset-backed

Other asset-backed

Fair Value Inputs, Assets, Quantitative Information [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Inputs, Yield Rate

'

'

'

'

'

'

'

'

'

'

3.66%

3.78%

3.66%

3.74%

3.41%

3.56%

2.01%

2.23%

'

'

0.93%

1.05%

2.24%

2.35%

0.95%

1.00%

0.50%

0.50%

5.17%

5.66%

5.33%

5.79%

6.29%

6.75%

3.47%

3.75%

Fair Value Inputs, Prepayment Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Inputs, Probability of Default

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.53%

0.26%

0.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Inputs, Probability of Default, Term Two

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0.37%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair Value Inputs, Recovery Rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

42.00%

45.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Level 3 Assets:

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

U.S. government and agency

$340.40

[1]

$327.20

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

State and political subdivision

'

'

122.4

[1]

119.4

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Corporate

'

'

'

'

3,059.30

[1]

2,972.60

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other asset-backed

'

'

'

'

'

'

$41.90

[1]

$47.90

[1]

$5.60

[1]

$5.50

[1]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

Excludes Level 3 assets which are valued based upon non-binding independent third-party valuations or third-party price information for which unobservable inputs are not reasonably available to us.

Fair_Value_of_Financial_Instru7

Fair Value of Financial Instruments - Quantitative Estimates for Level 3 Liabilities (Details) (Level 3, USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013
EIA/VED Embedded Derivative	'	'
Level 3 Liabilities:	'	'
Fair Value, Balance	($97.20)	($78.90)
GMAB/GMWB Embedded Derivative	'	'
Level 3 Liabilities:	'	'
Fair Value, Balance	$3.60	($4.10)
Income Approach Valuation Technique | EIA/VED Embedded Derivative	'	'
Level 3 Liabilities:	'	'
Fair Value Inputs, CSA Rate	2.92%	3.23%
Income Approach Valuation Technique | GMAB/GMWB Embedded Derivative	'	'
Level 3 Liabilities:	'	'
Fair Value Inputs, Mortality Rate	105.00%	105.00%
Fair Value Inputs, CSA Rate	2.92%	3.23%
Minimum | Income Approach Valuation Technique | EIA/VED Embedded Derivative	'	'
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'	'
Fair Value Inputs, Swap Curve	0.17%	0.19%
Level 3 Liabilities:	'	'
Fair Value Inputs, Mortality Rate	97.00%	97.00%
Fair Value Inputs, Lapse Rate	0.02%	0.02%
Minimum | Income Approach Valuation Technique | GMAB/GMWB Embedded Derivative	'	'
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'	'
Fair Value Inputs, Swap Curve	0.14%	0.15%
Level 3 Liabilities:	'	'
Fair Value Inputs, Lapse Rate	0.00%	0.00%
Fair Value Inputs, Volatility Surface	9.57%	10.85%
Maximum | Income Approach Valuation Technique | EIA/VED Embedded Derivative	'	'
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'	'
Fair Value Inputs, Swap Curve	3.40%	3.79%
Level 3 Liabilities:	'	'
Fair Value Inputs, Mortality Rate	103.00%	103.00%
Fair Value Inputs, Lapse Rate	47.15%	47.15%
Maximum | Income Approach Valuation Technique | GMAB/GMWB Embedded Derivative	'	'
Fair Value Inputs, Liabilities, Quantitative Information [Line Items]	'	'
Fair Value Inputs, Swap Curve	3.70%	4.15%
Level 3 Liabilities:	'	'
Fair Value Inputs, Lapse Rate	40.00%	40.00%
Fair Value Inputs, Volatility Surface	46.36%	46.33%

Fair_Value_of_Financial_Instru8

Fair Value of Financial Instruments - Level 3 Assets and Liabilities by Pricing Source (Details) (Level 3, Fair Value, Measurements, Nonrecurring, USD $)	Mar. 31, 2014		Dec. 31, 2013		Mar. 31, 2013		Dec. 31, 2012
In Millions, unless otherwise specified
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total liabilities Internal	$93.60	[1]	$74.80	[1]	'		'
Total liabilities External	0	[2]	0	[2]	'		'
Total liabilities	93.6		74.8		'		'
Embedded Derivatives	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total liabilities Internal	93.6	[1]	74.8	[1]	'		'
Total liabilities External	0	[2]	0	[2]	'		'
Total liabilities	93.6		74.8		'		'
U.S. government and agency	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	340.4	[1],[3]	327.2	[1],[3]	'		'
Total assets External	0	[2],[3]	0	[2],[3]	'		'
Fair Value, Total assets, Balance	340.4	[3]	327.2	[3]	309.5	[3]	296.7	[3]
State and political subdivision	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	122.4	[1]	119.4	[1]	'		'
Total assets External	154.4	[2]	149.7	[2]	'		'
Fair Value, Total assets, Balance	276.8	[3]	269.1		196.5		212.4
Foreign government	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	0	[1]	0	[1]	'		'
Total assets External	16.1	[2]	15.9	[2]	'		'
Fair Value, Total assets, Balance	16.1		15.9		51.1		45.8
Corporate	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	3,059.30	[1]	2,972.60	[1]	'		'
Total assets External	882.2	[2]	995.8	[2]	'		'
Fair Value, Total assets, Balance	3,941.50		3,968.40		3,846.20		3,812.30
Commercial mortgage-backed (“CMBS”)	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	0	[1]	0	[1]	'		'
Total assets External	52.1	[2]	114.4	[2]	'		'
Fair Value, Total assets, Balance	52.1		114.4		81.2		89.7
Residential mortgage-backed (“RMBS”)	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	0	[1]	0	[1]	'		'
Total assets External	534	[2]	552	[2]	'		'
Fair Value, Total assets, Balance	534		552		678.8		709.3
Collateralized debt obligations (“CDO”) / collateralized loan obligations (“CLO”)	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	0	[1]	0	[1]	'		'
Total assets External	236.1	[2]	224.1	[2]	'		'
Fair Value, Total assets, Balance	236.1		224.1		238		223.7
Other asset-backed	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	41.9	[1]	47.9	[1]	'		'
Total assets External	187.5	[2]	199.8	[2]	'		'
Fair Value, Total assets, Balance	229.4		247.7		309.2		309.9
Total available-for-sale debt securities	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	3,564	[1]	3,467.10	[1]	'		'
Total assets External	2,062.40	[2]	2,251.70	[2]	'		'
Fair Value, Total assets, Balance	5,626.40		5,718.80		5,710.50		5,699.80
Available-for-sale equity securities	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	0	[1]	0	[1]	'		'
Total assets External	63	[2]	59	[2]	'		'
Fair Value, Total assets, Balance	63		59		32.9		32.7
Short-term investments	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	0	[1]	0	[1]	'		'
Total assets External	0	[2]	0.9	[2]	'		'
Fair Value, Total assets, Balance	0		0.9		0		0
Fair value investments	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	5.6	[1]	5.5	[1]	'		'
Total assets External	164.7	[2]	160	[2]	'		'
Fair Value, Total assets, Balance	170.3		165.5		168.3		153.3
Total assets	'		'		'		'
Level 3 Assets and Liabilities by Pricing Source:	'		'		'		'
Total assets Internal	3,569.60	[1]	3,472.60	[1]	'		'
Total assets External	2,290.10	[2]	2,471.60	[2]	'		'
Fair Value, Total assets, Balance	$5,859.70		$5,944.20		$5,911.70		$5,885.80
[1]	Represents valuations reflecting both internally-derived and market inputs, as well as third-party information or quotes.
[2]	Represents unadjusted prices from independent pricing services, third-party financial statements and independent indicative broker quotes where pricing inputs are not readily available.
[3]	Includes securities whose underlying collateral is an obligation of a U.S. government entity.

Fair_Value_of_Financial_Instru9

Fair Value of Financial Instruments - Fair Value by Balance Sheet Grouping (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Policy Loans | Level 3	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying Value of Financial instruments	$2,353.70	$2,350.30
Fair Value of Financial instruments	2,341.20	2,338
Cash and Cash Equivalents | Level 1	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying Value of Financial instruments	424.5	496.4
Fair Value of Financial instruments	424.5	496.4
Investment Contracts | Level 3	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying Value of Financial instruments	3,540	3,429.70
Fair Value of Financial instruments	3,541.80	3,424.40
Surplus Notes | Level 3	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying Value of Financial instruments	126.1	126.1
Fair Value of Financial instruments	86.5	86.5
Senior unsecured bonds | Level 2	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Carrying Value of Financial instruments	252.7	252.7
Fair Value of Financial instruments	$236.50	$224.60

Recovered_Sheet1

Fair Value of Financial Instruments Fair Value of Financial Instruments - Narrative (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value investments	$215.20	$210.80
Discontinued Operations | Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value investments	$25.60	$27.10

Income_Taxes_Details_Narrative

Income Taxes (Details Narrative) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2014	Mar. 31, 2014
			Scenario, Forecast	Deferred Tax Asset
Valuation Allowance [Line Items]	'	'	'	'
Income tax benefit	$3.60	($4.20)	'	'
Current income tax expense	2.5	'	'	'
Current Income Tax Expense (Benefit), Prior Year Income Taxes	-1.8	'	'	'
Deferred income tax (benefit)	6.1	'	'	'
Income tax benefit attributable to prior year provision to filed return true-up	1.8	'	'	'
Deferred tax asset, net of deferred tax liabilities and valuation allowances	47.4	'	'	'
Valuation allowance net increase	24.4	'	'	'
Decrease in net deferred tax assets	6.1	0	'	-22.6
Funding of intercompany tax sharing escrow	'	'	$78.90	'

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Beginning balance	($185.20)		($249.30)
Change in component during the period before reclassifications	-5		-8.5
Amounts reclassified from AOCI	-5.2		-3
Ending balance	-195.4		-260.8
Net Unrealized Gains / (Losses) on Investments where Credit-related OTTI was Recognized	'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Beginning balance	10	[1]	-6.2	[1]
Change in component during the period before reclassifications	5.5	[1]	5.8	[1]
Amounts reclassified from AOCI	-3.1	[1]	-0.3	[1]
Ending balance	12.4	[1]	-0.7	[1]
Net Unrealized Gains / (Losses) on All Other Investments	'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Beginning balance	26.5	[1]	77.9	[1]
Change in component during the period before reclassifications	-11.1	[1]	-16.4	[1]
Amounts reclassified from AOCI	-3.1	[1]	-4.4	[1]
Ending balance	12.3	[1]	57.1	[1]
Net Pension Liability Adjustments	'		'
Accumulated Other Comprehensive Income (Loss) [Line Items]	'		'
Beginning balance	-221.7		-321
Change in component during the period before reclassifications	0.6		2.1
Amounts reclassified from AOCI	1		1.7
Ending balance	($220.10)		($317.20)
[1]	See Note 7 to these consolidated interim unaudited financial statements for additional information regarding offsets to net unrealized investment gains and losses which include policyholder dividend obligation, DAC and other actuarial offsets, and deferred income tax expense (benefit).

Accumulated_Other_Comprehensiv3

Accumulated Other Comprehensive Income Reclassification Out of Accumulated Other Comprehensive Income (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net realized capital gains (losses)	($25.70)	($15.90)
Amortization of prior service costs	-2	-2.9
Amortization of actuarial gains (losses)	0.3	0.3
Income tax expense (benefit)	-3.6	4.2
Net income (loss)	-32.3	-68.8
Total amounts reclassified from AOCI	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net income (loss)	5.2	3
Net Unrealized Gains / (Losses) on Investments where Credit-related OTTI was Recognized	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net realized capital gains (losses)	4.8	0.5
Total before income taxes	4.8	0.5
Income tax expense (benefit)	1.7	0.2
Net Unrealized Gains / (Losses) on Investments where Credit-related OTTI was Recognized | Total amounts reclassified from AOCI	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net income (loss)	3.1	0.3
Net Unrealized Gains / (Losses) on All Other Investments	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net realized capital gains (losses)	4.7	6.7
Total before income taxes	4.7	6.7
Income tax expense (benefit)	1.6	2.3
Net Unrealized Gains / (Losses) on All Other Investments | Total amounts reclassified from AOCI	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net income (loss)	3.1	4.4
Net Pension Liability Adjustments	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Amortization of prior service costs	-1.9	-2.9
Amortization of actuarial gains (losses)	-0.3	-0.3
Total before income taxes	-1.6	-2.6
Income tax expense (benefit)	-0.6	-0.9
Net Pension Liability Adjustments | Total amounts reclassified from AOCI	'	'
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]	'	'
Net income (loss)	($1)	($1.70)

Employee_Benefit_Plans_and_Emp2

Employee Benefit Plans and Employment Agreements (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'	'
Service cost	$0.60	$0.50
Interest cost	9.1	8.2
Expected return on plan assets	-9.5	-9
Net loss amortization	2	2.9
Pension benefit cost	$2.20	$2.60

Employee_Benefit_Plans_and_Emp3

Employee Benefit Plans and Employee Agreements (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'	'
Service cost	$0	$0
Interest cost	0.4	0.3
Net gain amortization	-0.1	0
Prior service cost amortization	-0.3	-0.3
Other post-employment benefit cost	$0	$0

Employee_Benefit_Plans_and_Emp4

Employee Benefit Plans and Employment Agreements - Narrative (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Compensation and Retirement Disclosure [Abstract]	'	'
Amortization of prior service costs included in OCI	$1.10	'
Contributions to pension plan	3.3	'
Expected contributions, remainder of the year	8.5	'
Contributions to savings plan	$1.40	$1.30

ShareBased_Payments_Expense_De

Share-Based Payments - Expense (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'	'
Compensation cost charged to income from continuing operations	$0.20	$0.70
Income tax expense (benefit) before valuation allowance	($0.10)	($0.20)

Earnings_Per_Share_Details

Earnings Per Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Earnings Per Share [Abstract]	'	'
Weighted-average common shares outstanding (in shares)	5,742	5,715
Weighted-average effect of dilutive potential common shares:	'	'
Restricted stock units (in shares)	17	59
Employee stock options (in shares)	2	0
Potential common shares (in shares)	19	59
Less: Potential common shares excluded from calculation due to net losses (in shares)	19	59
Dilutive potential common shares (in shares)	0	0
Weighted Average Number of Shares Outstanding, Diluted (in shares)	5,742	5,715

Segment_Information_on_Revenue

Segment Information on Revenues (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
Segment Reporting Information [Line Items]	'		'
Revenues	$402.20		$394.20
Interest Revenue (Expense), Net	0.1		0.1
Commission revenue	2.6		2.4
Intersegment Eliminations [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Revenues	2.5	[1]	2.3	[1]
Life and Annuity [Member] | Operating Segments [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Revenues	397.4	[2]	390.7	[2]
Saybrus Partners [Member] | Operating Segments [Member]	'		'
Segment Reporting Information [Line Items]	'		'
Revenues	$7.30	[3]	$5.80	[3]
[1]	All intercompany balances are eliminated in consolidating the financial statements.
[2]	Includes intercompany interest revenue of $0.1 million and $0.1 million for the three months ended March 31, 2014 and 2013, respectively.
[3]	Includes intercompany commission revenue of $2.6 million and $2.4 million for the three months ended March 31, 2014 and 2013, respectively.

Results_of_Operations_by_Segme

Results of Operations by Segment as Reconciled to Consolidated Net Income (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting [Abstract]	'	'
Life and Annuity operating income (loss)	($9.60)	($46.80)
Saybrus Partners operating income (loss)	0.3	-0.1
Less: Applicable income tax expense (benefit)	3.6	-4.2
Income (loss) from discontinued operations, net of income taxes	-0.9	-1.8
Net realized investment gains (losses)	-25.7	-15.9
Less: Net income (loss) attributable to noncontrolling interests	1	-0.1
Net income (loss)	($33.30)	($68.70)

Discontinued_Operations_Detail

Discontinued Operations (Details Narrative) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Discontinued operations assets	$41,400,000	'	$43,600,000
Discontinued operations liabilities	36,700,000	'	37,700,000
Policy liabilities and accruals	12,425,800,000	'	12,437,600,000
Reinsurance recoverable	616,000,000	'	603,300,000
PFG Holdings Inc.	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Discontinued operations assets	0	'	0
Discontinued operations liabilities	0	'	0
Net losses	0	800,000	'
Reinsurance Operations	'	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Policy liabilities and accruals	37,100,000	'	38,400,000
Reinsurance recoverable	100,000	'	100,000
Net income (losses) due to commutation of contracts	($900,000)	($1,000,000)	'

Contingent_Liabilities_Details

Contingent Liabilities (Details Narrative) (USD $)	Mar. 31, 2014	Mar. 31, 2014	Jul. 12, 2013	Mar. 31, 2014	Jun. 05, 2012	Apr. 09, 2014	Jul. 12, 2013	Mar. 31, 2014	Aug. 26, 2013	Jul. 12, 2013
	state	COI Rate Adjustments	COI Rate Adjustments	Settled Litigation [Member]	Pending Litigation	Pending Litigation	Pending Litigation	Pending Litigation	Pending Litigation	Pending Litigation
		state	state	SEC Cease-and-Desist Order	United States District Court for the District of Delaware	United States District Court for the District of Delaware	United States District Court for the Southern District of New York	United States District Court for the Southern District of New York	United States District Court for the Southern District of New York	United States District Court for the Southern District of New York
					unnamed_trust	Subsequent Event	case	case	claim	claim
						claim	claim
						treaty
Loss Contingencies [Line Items]	'	'	'	'	'	'	'	'	'	'
Settlement amount	'	'	'	$475,000	'	'	'	'	'	'
Penalty per filing for first week in which filing is delinquent	'	'	'	20,000	'	'	'	'	'	'
Penalty fee for each week after one week delinquent	'	'	'	20,000	'	'	'	'	'	'
Penalty fee multiplier for number of complete weeks after one week	'	'	'	$5,000	'	'	'	'	'	'
Number of unnamed trusts	'	'	'	'	60	'	'	'	'	'
Number of treaties	'	'	'	'	'	1	'	'	'	'
Number of claims dismissed	'	'	'	'	'	7	'	'	'	'
Number of pending claims	'	'	'	'	'	10	'	'	'	2
Number of claims partially dismissed	'	'	'	'	'	2	'	'	'	'
Complaints to state insurance departments, number of states	'	7	'	'	'	'	'	'	'	'
Number of states issuing letters directing to take remedial action	'	'	2	'	'	'	'	'	'	'
Number of states to perform unclaimed property audit	39	'	'	'	'	'	'	'	'	'
Number of new claims filed	'	'	'	'	'	'	5	4	'	'
Number of decertified pending claims	'	'	'	'	'	'	'	'	1	'

Other_Commitments_Narrative_De

Other Commitments Narrative (Details) (USD $)	Mar. 31, 2014
In Millions, unless otherwise specified
Investment [Line Items]	'
Total remaining commitment	$24.70
Remaining commitments in the second, third and fourth quarters	10.4
Other commitment, due in 2015	14.3
Unfunded Commitments	238.2
Amount of unfunded commitments expected to be funded	56.3
Open Commitments	$71.30

Subsequent_Events_Details

Subsequent Events (Details) (Phoenix Life, Subsequent Event, USD $)	0 Months Ended
In Millions, unless otherwise specified	Sep. 18, 2014	22-May-14
Phoenix Life | Subsequent Event	'	'
Subsequent Event [Line Items]	'	'
Dividends paid to Phoenix	$14.80	$11.90