| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fiscal 2014 | | 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 | | | | | | | | | | | | | | | | Contingent purchase price reduction receivable | $ | 41.0 |
| | $ | 0.5 |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | — |
| | $ | 41.5 |
| Corporate fixed maturity securities | — |
| | — |
| | — |
| | 16.3 |
| | — |
| | — |
| | — |
| | 16.3 |
| Equity securities - trading | 10.7 |
| | 1.3 |
| | — |
| | 1.5 |
| | — |
| | (13.5 | ) | | — |
| | — |
| Funds withheld receivables | 34.6 |
| | 1.5 |
| | — |
| | 23.5 |
| | (0.7 | ) | | — |
| | — |
| | 58.9 |
| Total assets at fair value | $ | 86.3 |
| | $ | 3.3 |
| | $ | — |
| | $ | 41.3 |
| | $ | (0.7 | ) | | $ | (13.5 | ) | | $ | — |
| | $ | 116.7 |
| | | | | | | | | | | | | | | | | | 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 | $ | — |
| | $ | 7.0 |
| | $ | — |
| | $ | 150.6 |
| | $ | — |
| | $ | (6.3 | ) | | $ | — |
| | $ | 151.3 |
| Embedded derivatives in Front Street's assumed FIA business | 140.5 |
| | 10.3 |
| | — |
| | — |
| | — |
| | — |
| | — |
| | 150.8 |
| Equity conversion feature of preferred stock | 330.8 |
| | 12.7 |
| | — |
| | — |
| | — |
| | (343.5 | ) | | — |
| | — |
| Total liabilities at fair value | $ | 471.3 |
| | $ | 30.0 |
| | $ | — |
| | $ | 150.6 |
| | $ | — |
| | $ | (349.8 | ) | | $ | — |
| | $ | 302.1 |
|
The Company reviews the fair value hierarchy classifications each reporting period. Changes in the observability of the valuation attributes may result in a reclassification of certain financial assets or liabilities. Such reclassifications are reported as transfers in and out of Level 3, or between other levels, at the beginning fair value for the reporting period in which the changes occur. There were no transfers between Level 1 and Level 2 for Fiscal 2016, 2015 and 2014. Non-Recurring Fair Value Measurements Goodwill, intangible assets and other long-lived assets are tested annually or if an event occurs that indicates an impairment loss may have been incurred using fair value measurements with unobservable inputs (Level 3). Financial Assets and Liabilities Not Measured at Fair Value The carrying amount, estimated fair value and the level of the fair value hierarchy of the Company’s financial instrument assets and liabilities which are not measured at fair value in the accompanying Consolidated Balance Sheets are summarized as follows:
| | | | | | | | | | | | | | | | | | | | | | September 30, 2016 | | Level 1 | | Level 2 | | Level 3 | | Fair Value | | Carrying Amount | Assets (a) | | | | | | | | | | Asset-based loans, included in other assets | $ | — |
| | $ | — |
| | $ | 35.0 |
| | $ | 35.0 |
| | $ | 35.0 |
| Policy loans, included in funds withheld receivables | — |
| | — |
| | 8.5 |
| | 8.5 |
| | 8.5 |
| Total financial assets | $ | — |
| | $ | — |
| | $ | 43.5 |
| | $ | 43.5 |
| | $ | 43.5 |
| Liabilities (a) | | | | | | | | | | Investment contracts, included in contractholder funds and other insurance reserves | $ | — |
| | $ | — |
| | $ | 922.9 |
| | $ | 922.9 |
| | $ | 988.3 |
| Total debt (b) | — |
| | 5,700.1 |
| | 29.1 |
| | 5,729.2 |
| | 5,430.9 |
| Total financial liabilities | $ | — |
| | $ | 5,700.1 |
| | $ | 952.0 |
| | $ | 6,652.1 |
| | $ | 6,419.2 |
|
|