Rendering

Component: (Network and Table)
Network
2311301 - Disclosure - Fair Value (Tables)
(http://www.antheminc.com/role/FairValueTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Fair Value Disclosures [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Fair Value Disclosures [Abstract]
 
Fair Value Measurements By Level For Assets Measured At Fair Value On A Recurring Basis
A summary of fair value measurements by level for assets and liabilities measured at fair value on a recurring basis at December 31, 2016 and 2015 is as follows:
 
Level I
 
Level II
 
Level III
 
Total
December 31, 2016
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
1,546.0

 
$

 
$

 
$
1,546.0

Investments available-for-sale:

 

 

 
 
Fixed maturity securities:

 

 

 
 
United States Government securities
558.5

 

 

 
558.5

Government sponsored securities

 
40.0

 

 
40.0

States, municipalities and political subdivisions, tax-exempt

 
6,105.3

 

 
6,105.3

Corporate securities
79.9

 
7,775.9

 
238.8

 
8,094.6

Residential mortgage-backed securities

 
1,917.3

 
12.0

 
1,929.3

Commercial mortgage-backed securities

 
214.3

 

 
214.3

Other debt securities
53.4

 
649.3

 
42.8

 
745.5

Total fixed maturity securities
691.8

 
16,702.1

 
293.6

 
17,687.5

Equity securities
1,200.2

 
111.9

 
187.8

 
1,499.9

Other invested assets, current
15.8

 

 

 
15.8

Securities lending collateral
726.0

 
353.8

 

 
1,079.8

Derivatives

 
758.7

 

 
758.7

Total assets
$
4,179.8

 
$
17,926.5

 
$
481.4

 
$
22,587.7

Liabilities:
 
 
 
 
 
 
 
Derivatives
$


$
(241.9
)

$


$
(241.9
)
Total liabilities
$

 
$
(241.9
)
 
$

 
$
(241.9
)
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
Cash equivalents
$
701.0

 
$

 
$

 
$
701.0

Investments available-for-sale:
 
 
 
 
 
 
 
Fixed maturity securities:
 
 
 
 
 
 
 
United States Government securities
349.9

 

 

 
349.9

Government sponsored securities

 
75.9

 

 
75.9

States, municipalities and political subdivisions, tax-exempt

 
6,251.6

 

 
6,251.6

Corporate securities
77.6

 
7,629.3

 
186.2

 
7,893.1

Residential mortgage-backed securities

 
1,750.9

 

 
1,750.9

Commercial mortgage-backed securities

 
402.4

 
1.9

 
404.3

Other debt securities
55.7

 
671.2

 
25.6

 
752.5

Total fixed maturity securities
483.2

 
16,781.3

 
213.7

 
17,478.2

Equity securities
1,253.8

 
116.9

 
102.1

 
1,472.8

Other invested assets, current
19.1

 

 

 
19.1

Securities lending collateral
708.1

 
592.3

 

 
1,300.4

Derivatives

 
329.7

 

 
329.7

Total assets
$
3,165.2

 
$
17,820.2

 
$
315.8

 
$
21,301.2

Liabilities:
 
 
 
 
 
 
 
Derivatives
$

 
$
(430.0
)
 
$

 
$
(430.0
)
Total liabilities
$

 
$
(430.0
)
 
$

 
$
(430.0
)
 
 
Reconciliation Of The Beginning And Ending Balances Of Assets Measured At Fair Value On A Recurring Basis Using Level III Inputs
A reconciliation of the beginning and ending balances of assets measured at fair value on a recurring basis using Level III inputs for the years ended December 31, 2016, 2015 and 2014 is as follows:
 
Corporate
Securities
 
Residential
Mortgage-
backed
Securities
 
Commercial
Mortgage-
backed
Securities
 
Other Debt
Securities
 
Equity
Securities
 
Total
Year ended December 31, 2016
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2016
$
186.2

 
$

 
$
1.9

 
$
25.6

 
$
102.1

 
$
315.8

Total (losses) gains:
 
 
 
 
 
 
 
 
 
 
 
Recognized in net income
(2.9
)
 

 

 

 
0.7

 
(2.2
)
Recognized in accumulated other comprehensive income
(2.0
)
 

 

 
(0.5
)
 
(0.5
)
 
(3.0
)
Purchases
170.2

 
4.3

 

 

 
222.6

 
397.1

Sales
(5.4
)
 

 

 

 
(136.7
)
 
(142.1
)
Settlements
(56.8
)
 

 

 
(0.9
)
 
(0.4
)
 
(58.1
)
Transfers into Level III
6.6

 
9.3

 

 
28.8

 

 
44.7

Transfers out of Level III
(57.1
)
 
(1.6
)
 
(1.9
)
 
(10.2
)
 

 
(70.8
)
Ending balance at December 31, 2016
$
238.8

 
$
12.0

 
$

 
$
42.8

 
$
187.8

 
$
481.4

Change in unrealized losses included in net income related to assets still held for the year ended December 31, 2016
$
(2.0
)
 
$

 
$

 
$

 
$

 
$
(2.0
)
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2015
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2015
$
144.6

 
$

 
$
3.3

 
$
6.6

 
$
48.3

 
$
202.8

Total gains (losses):
 
 
 
 
 
 
 
 
 
 
 
Recognized in net income
1.4

 

 

 
0.2

 
(1.5
)
 
0.1

Recognized in accumulated other comprehensive income
0.7

 

 

 
(0.2
)
 
3.9

 
4.4

Purchases
132.6

 

 
1.1

 
28.3

 
52.1

 
214.1

Sales
(11.7
)
 

 
(1.1
)
 
(0.9
)
 
(13.8
)
 
(27.5
)
Settlements
(51.6
)
 

 
(1.4
)
 
(0.2
)
 

 
(53.2
)
Transfers into Level III
4.8

 

 

 

 
13.1

 
17.9

Transfers out of Level III
(34.6
)
 

 

 
(8.2
)
 

 
(42.8
)
Ending balance at December 31, 2015
$
186.2

 
$

 
$
1.9

 
$
25.6

 
$
102.1

 
$
315.8

Change in unrealized losses included in net income related to assets still held for the year ended December 31, 2015
$
(0.6
)
 
$

 
$

 
$

 
$
(1.4
)
 
$
(2.0
)
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31, 2014
 
 
 
 
 
 
 
 
 
 
 
Beginning balance at January 1, 2014
$
115.2

 
$

 
$
6.5

 
$
14.8

 
$
41.4

 
$
177.9

Total (losses) gains:
 
 
 
 
 
 
 
 
 
 
 
Recognized in net income
(4.4
)
 

 

 

 
(0.7
)
 
(5.1
)
Recognized in accumulated other comprehensive income
8.5

 

 

 
0.4

 
2.8

 
11.7

Purchases
68.9

 

 
3.6

 
6.5

 
15.9

 
94.9

Sales
(48.0
)
 

 

 
(3.6
)
 
(10.6
)
 
(62.2
)
Settlements
(11.0
)
 

 
(3.7
)
 
(0.4
)
 

 
(15.1
)
Transfers into Level III
24.8









 
24.8

Transfers out of Level III
(9.4
)
 

 
(3.1
)
 
(11.1
)
 
(0.5
)
 
(24.1
)
Ending balance at December 31, 2014
$
144.6

 
$

 
$
3.3

 
$
6.6

 
$
48.3

 
$
202.8

Change in unrealized losses included in net income related to assets still held for the year ended December 31, 2014
$
(11.1
)
 
$

 
$

 
$

 
$
(0.7
)
 
$
(11.8
)
 
 
Carrying And Fair Values By Level Of Financial Instruments Not Recorded At Fair Value On Consolidated Balance Sheet
A summary of the estimated fair values by level of each class of financial instrument that is recorded at its carrying value on our consolidated balance sheets at December 31, 2016 and 2015 are as follows:
 
Carrying
Value
 
Estimated Fair Value
 
Level I
 
Level II
 
Level III
 
Total
December 31, 2016
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
Other invested assets, long-term
$
2,240.5

 
$

 
$

 
$
2,240.5

 
$
2,240.5

Liabilities:
 
 
 
 
 
 
 
 
 
Debt:
 
 
 
 
 
 
 
 
 
Short-term borrowings
440.0

 

 
440.0

 

 
440.0

Commercial paper
629.0

 

 
629.0

 

 
629.0

Notes
14,323.8

 

 
14,858.4

 

 
14,858.4

Convertible debentures
334.1

 

 
1,020.2

 

 
1,020.2

 
 
 
 
 
 
 
 
 
 
December 31, 2015
 
 
 
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
 
 
 
Other invested assets, long-term
$
2,041.1

 
$

 
$

 
$
2,041.1

 
$
2,041.1

Liabilities:
 
 
 
 
 
 
 
 
 
Debt:
 
 
 
 
 
 
 
 
 
Short-term borrowings
540.0

 

 
540.0

 

 
540.0

Commercial paper
682.2

 

 
682.2

 

 
682.2

Notes
14,311.6

 

 
14,523.2

 

 
14,523.2

Convertible debentures
330.7

 

 
980.1

 

 
980.1