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Reinsurance (Tables) | 12 Months Ended
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Dec. 31, 2023
Reinsurance |
Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31,
​ | ​ | 2023 |  | 2022 |  | 2021
​ |  | (in millions)
Premiums and other considerations: |  | ​ |  |  | ​ |  | ​ |  |
Direct | ​ | $ | 6,962.2 | ​ | $ | 5,796.1 | ​ | $ | 5,492.1
Ceded | ​ |  | (491.3) | ​ |  | (456.4) | ​ |  | (650.6)
Net premiums and other considerations | ​ | $ | 6,470.9 | ​ | $ | 5,339.7 | ​ | $ | 4,841.5
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Benefits, claims and settlement expenses: | ​ |  | ​ | ​ |  |  | ​ |  |
Direct | ​ | $ | 9,365.4 | ​ | $ | 8,103.6 | ​ | $ | 7,833.4
Ceded | ​ |  | (1,577.2) | ​ |  | (1,472.3) | ​ |  | (575.2)
Net benefits, claims and settlement expenses | ​ | $ | 7,788.2 | ​ | $ | 6,631.3 | ​ | $ | 7,258.2
Liability for future policy benefits remeasurement gain: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 737.4 | ​ | $ | (179.5) | ​ | $ | (6.4)
Ceded | ​ |  | (789.0) | ​ |  | (85.0) | ​ |  | 2.0
Net liability for future policy benefits remeasurement gain | ​ | $ | (51.6) | ​ | $ | (264.5) | ​ | $ | (4.4)
Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
​ |  | (in millions)
Cost of reinsurance asset |  | $ | 3,275.5 |  | $ | 3,339.1
​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of reinsurance liability | ​ | $ | 424.6 | ​ | $ | 479.8
Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 | ​ | December 31, 2022
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | 15,587.5 | ​ | $ | 15,693.5
Fixed maturities, trading | ​ | ​ | 316.8 | ​ | ​ | 100.8
Equity securities | ​ | ​ | 0.3 | ​ | ​ | 11.0
Mortgage loans | ​ | ​ | 2,385.9 | ​ | ​ | 2,810.8
Other investments | ​ | ​ | 621.4 | ​ | ​ | 179.8
Cash and cash equivalents | ​ | ​ | 818.4 | ​ | ​ | 1,762.9
Accrued interest income | ​ | ​ | 187.0 | ​ | ​ | 178.7
Net other liabilities | ​ | ​ | (77.8) | ​ | ​ | (33.6)
Net assets | ​ | $ | 19,839.5 | ​ | $ | 20,703.9
Schedule of components of net investment income on the funds withheld assets that were passed to coinsurer (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31,
​ | ​ | 2023 | ​ | 2022
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | 856.9 | ​ | $ | 745.9
Fixed maturities, trading | ​ | ​ | 11.9 | ​ |  | 2.0
Equity securities | ​ | ​ | 0.2 | ​ |  | 0.6
Mortgage loans | ​ | ​ | 119.0 | ​ |  | 98.4
Cash and cash equivalents | ​ | ​ | 57.9 | ​ |  | 18.2
Other | ​ | ​ | 64.0 | ​ |  | 4.8
Total | ​ | ​ | 1,109.9 | ​ |  | 869.9
Investment expenses | ​ | ​ | 23.7 | ​ |  | 20.5
Net investment income | ​ | $ | 1,086.2 | ​ | $ | 849.4
Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the year ended December 31,
​ | ​ | 2023 | ​ | 2022
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | (229.7) | ​ | $ | (235.5)
Fixed maturities, trading | ​ |  | (0.1) | ​ |  | (6.4)
Equity securities | ​ |  | (1.2) | ​ |  | (2.4)
Mortgage loans | ​ |  | (34.1) | ​ |  | (24.8)
Derivatives | ​ |  | 7.2 | ​ |  | 2.7
Other | ​ |  | — | ​ |  | 3.3
Net realized capital losses | ​ | $ | (257.9) | ​ | $ | (263.1)
​

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 + Details
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