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v3.23.2

Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2023
Reinsurance |
Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended June 30, | ​ | For the six months ended June 30,
​ |  | 2023 |  | 2022 | ​ | 2023 | ​ | 2022
​ | ​ | (in millions)
Premiums and other considerations: | ​ | ​ | ​ | ​ | ​ | ​ |  | ​ |  |  | ​ |
Direct | ​ | $ | 1,618.9 | ​ | $ | 1,436.7 | ​ | $ | 3,182.2 | ​ | $ | 2,477.2
Ceded | ​ |  | (126.2) | ​ |  | (70.5) | ​ |  | (240.9) | ​ |  | (223.6)
Net premiums and other considerations | ​ | $ | 1,492.7 | ​ | $ | 1,366.2 | ​ | $ | 2,941.3 | ​ | $ | 2,253.6
Benefits, claims and settlement expenses: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Direct | ​ | $ | 2,254.1 | ​ | $ | 2,022.1 | ​ | $ | 4,361.9 | ​ | $ | 3,651.6
Ceded | ​ |  | (420.0) | ​ |  | (578.9) | ​ |  | (753.9) | ​ |  | (717.7)
Net benefits, claims and settlement expenses | ​ | $ | 1,834.1 | ​ | $ | 1,443.2 | ​ | $ | 3,608.0 | ​ | $ | 2,933.9
Liability for future policy benefits remeasurement (gain) loss: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 11.6 | ​ | $ | (151.9) | ​ | $ | 24.3 | ​ | $ | (131.6)
Ceded | ​ | ​ | (10.9) | ​ | ​ | (61.9) | ​ | ​ | (29.2) | ​ | ​ | (68.8)
Net liability for future policy benefits remeasurement (gain) loss | ​ | $ | 0.7 | ​ | $ | (213.8) | ​ | $ | (4.9) | ​ | $ | (200.4)
​
Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2023 |  | December 31, 2022
​ | ​ | (in millions)
Cost of reinsurance asset | ​ | $ | 3,297.3 | ​ | $ | 3,339.1
​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of reinsurance liability | ​ | $ | 183.1 | ​ | $ | 191.1
Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, 2023 |  | December 31, 2022
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | 15,909.9 | ​ | $ | 15,693.5
Fixed maturities, trading | ​ |  | 104.1 | ​ | ​ | 100.8
Equity securities | ​ |  | 0.3 | ​ | ​ | 11.0
Mortgage loans | ​ |  | 2,631.1 | ​ | ​ | 2,810.8
Other investments | ​ |  | 241.4 | ​ | ​ | 179.8
Cash and cash equivalents | ​ |  | 1,202.8 | ​ | ​ | 1,762.9
Accrued interest income | ​ |  | 190.6 | ​ | ​ | 178.7
Net other liabilities | ​ |  | (109.1) | ​ | ​ | (33.6)
Net assets | ​ | $ | 20,171.1 | ​ | $ | 20,703.9
Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended | ​ | For the six months ended
​ | ​ | June 30, | ​ | June 30,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | (66.6) | ​ | $ | 113.9 | ​ | $ | (123.6) | ​ | $ | 113.9
Fixed maturities, trading | ​ | ​ | — | ​ | ​ | (0.8) | ​ | ​ | (0.1) | ​ | ​ | (0.8)
Equity securities | ​ | ​ | — | ​ | ​ | (2.8) | ​ | ​ | (1.2) | ​ | ​ | (2.8)
Mortgage loans | ​ | ​ | (9.2) | ​ | ​ | (1.6) | ​ | ​ | (9.2) | ​ | ​ | (1.6)
Derivatives | ​ | ​ | 2.5 | ​ | ​ | (0.5) | ​ | ​ | 5.4 | ​ | ​ | (0.5)
Other | ​ | ​ | — | ​ | ​ | (6.4) | ​ | ​ | — | ​ | ​ | (6.4)
Net realized capital gains (losses) | ​ | $ | (73.3) | ​ | $ | 101.8 | ​ | $ | (128.7) | ​ | $ | 101.8

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