Harbinger Group Inc.
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SEC Filings

10-Q
HRG GROUP, INC. filed this Form 10-Q on 08/09/2016
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The following tables summarize changes to the Company’s financial instruments carried at fair value and classified within Level 3 of the fair value hierarchy for the three and nine months ended June 30, 2016 and 2015. The gains and losses below may include changes in fair value due in part to observable inputs that are a component of the valuation methodology.
 
Three months ended June 30, 2016
 
Balance at Beginning
of Period
 
Total Gains (Losses)
 
 
 
 
 
 
 
Net transfer In (Out) of
Level 3
 
Balance at End of
Period
 
 
Included in
Earnings
 
Included in
AOCI
 
Purchases
 
Sales
 
Settlements
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Funds withheld receivables
$
73.9

 
$
(0.3
)
 
$

 
$
4.4

 
$
(2.8
)
 
$
(0.5
)
 
$

 
$
74.7

Total assets at fair value
$
73.9

 
$
(0.3
)
 
$

 
$
4.4

 
$
(2.8
)
 
$
(0.5
)
 
$

 
$
74.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning
of Period
 
Total (Gains) Losses
 
 
 
 
 
 
 
Net transfer In (Out) of
Level 3
 
Balance at End of
Period
 
 
Included in
Earnings
 
Included in
AOCI
 
Purchases
 
Sales
 
Settlements
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Front Street future policyholder benefit liability
$
654.0

 
$
14.1

 
$

 
$

 
$

 
$
(59.2
)
 
$

 
$
608.9

Embedded derivatives in Front Street's assumed FIA business
136.5

 
(3.0
)
 

 

 

 

 

 
133.5

Total liabilities at fair value
$
790.5

 
$
11.1

 
$

 
$

 
$

 
$
(59.2
)
 
$

 
$
742.4

 
Nine months ended June 30, 2016
 
Balance at Beginning
of Period
 
Total Gains (Losses)
 
 
 
 
 
 
 
Net transfer In (Out) of
Level 3
 
Balance at End of
Period
 
 
Included in
Earnings
 
Included in
AOCI
 
Purchases
 
Sales
 
Settlements
 
 
Assets
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Corporate fixed maturity securities AFS
$
14.1

 
$
(0.5
)
 
$

 
$

 
$
(13.6
)
 
$

 
$

 
$

Other invested assets
2.8

 
2.7

 

 

 

 
(5.5
)
 

 

Funds withheld receivables
84.4

 
(2.0
)
 

 
12.5

 
(19.2
)
 
(1.0
)
 

 
74.7

Total assets at fair value
$
101.3

 
$
0.2

 
$

 
$
12.5

 
$
(32.8
)
 
$
(6.5
)
 
$

 
$
74.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance at Beginning
of Period
 
Total (Gains) Losses
 
 
 
 
 
 
 
Net transfer In (Out) of
Level 3
 
Balance at End of
Period
 
 
Included in
Earnings
 
Included in
AOCI
 
Purchases
 
Sales
 
Settlements
 
 
Liabilities
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Front Street future policyholder benefit liability
$
629.2

 
$
34.3

 
$

 
$

 
$

 
$
(54.6
)
 
$

 
$
608.9

Embedded derivatives in Front Street's assumed FIA business
142.3

 
(8.8
)
 

 

 

 

 

 
133.5

Total liabilities at fair value
$
771.5

 
$
25.5

 
$

 
$

 
$

 
$
(54.6
)
 
$

 
$
742.4


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