|
| | | | | | | | | | | | |
| | Year ended September 30, |
| | 2016 | | 2015 | | 2014 |
Revenues: | | | | | | |
Net investment income | | $ | 71.2 |
| | $ | 91.7 |
| | $ | 96.2 |
|
Net investment gains (losses) | | 97.1 |
| | (114.0 | ) | | 89.3 |
|
Insurance and investment product fees and other | | 7.6 |
| | 6.3 |
| | 6.1 |
|
Total revenues | | 175.9 |
| | (16.0 | ) | | 191.6 |
|
Benefits and expenses: | | | | | | |
Benefits and other changes in policy reserves | | 103.0 |
| | 70.6 |
| | 66.9 |
|
Acquisition and operating expenses, net of deferrals | | 27.1 |
| | 49.2 |
| | 44.4 |
|
Impairments and bad debt expense | | 22.4 |
| | 93.1 |
| | 2.1 |
|
Total benefits and expenses | | 152.5 |
| | 212.9 |
| | 113.4 |
|
Operating income (loss) | | 23.4 |
| | (228.9 | ) | | 78.2 |
|
Interest expense | | — |
| | (1.0 | ) | | (2.5 | ) |
Other income (expense), net | | 1.7 |
| | (12.7 | ) | | (1.4 | ) |
Income (loss) from continuing operations before income taxes | | 25.1 |
| | (242.6 | ) | | 74.3 |
|
Income tax expense (benefit) | | 3.2 |
| | (45.4 | ) | | 30.0 |
|
Net income (loss) from continuing operations | | 21.9 |
| | (197.2 | ) | | 44.3 |
|
(Loss) income from discontinued operations, net of tax | | (471.3 | ) | | 147.1 |
| | 155.0 |
|
Net (loss) income | | (449.4 | ) | | (50.1 | ) | | 199.3 |
|
Less: Net income attributable to noncontrolling interest | | 13.7 |
| | 3.8 |
| | 26.8 |
|
Net (loss) income attributable to controlling interest | | $ | (463.1 | ) | | $ | (53.9 | ) | | $ | 172.5 |
|
| | | | | | |
Amounts attributable to controlling interest: | | | | | | |
Net income (loss) from continuing operations | | $ | 27.2 |
| | $ | (177.9 | ) | | $ | 30.4 |
|
Net (loss) income from discontinued operations | | (490.3 | ) | | 124.0 |
| | 142.1 |
|
Net (loss) income attributable to controlling interest | | $ | (463.1 | ) | | $ | (53.9 | ) | | $ | 172.5 |
|
