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v3.25.1

Reinsurance (Tables) | 3 Months Ended
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Mar. 31, 2025
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 March 31,
​ |  | 2025 |  | 2024
​ | ​ | (in millions)
Premiums and other considerations: | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 1,883.4 | ​ | $ | 1,804.3
Ceded | ​ |  | (132.1) | ​ |  | (119.7)
Net premiums and other considerations | ​ | $ | 1,751.3 | ​ | $ | 1,684.6
Benefits, claims and settlement expenses: | ​ |  | ​ | ​ |  | ​
Direct | ​ | $ | 2,598.0 | ​ | $ | 2,487.5
Ceded | ​ |  | (378.0) | ​ |  | (417.8)
Net benefits, claims and settlement expenses | ​ | $ | 2,220.0 | ​ | $ | 2,069.7
LFPB remeasurement (gain) loss: | ​ | ​ | ​ | ​ | ​ | ​
Direct | ​ | $ | 6.1 | ​ | $ | 28.0
Ceded | ​ | ​ | (3.9) | ​ | ​ | (29.7)
Net LFPB remeasurement (gain) loss | ​ | $ | 2.2 | ​ | $ | (1.7)
Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025 |  | December 31, 2024
​ | ​ | (in millions)
Cost of reinsurance asset | ​ | $ | 3,165.9 | ​ | $ | 3,187.6
​ | ​ | ​ | ​ | ​ | ​ | ​
Cost of reinsurance liability | ​ | $ | 956.9 | ​ | $ | 958.1
Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, 2025 |  | December 31, 2024
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | 13,496.7 | ​ | $ | 13,519.6
Fixed maturities, trading | ​ |  | 284.9 | ​ | ​ | 299.4
Equity securities | ​ |  | 0.3 | ​ | ​ | 0.3
Mortgage loans | ​ |  | 2,125.9 | ​ | ​ | 2,212.4
Other investments | ​ |  | 1,256.4 | ​ | ​ | 1,142.8
Cash and cash equivalents | ​ |  | 1,137.0 | ​ | ​ | 1,080.1
Accrued interest income | ​ |  | 174.2 | ​ | ​ | 166.2
Net other liabilities | ​ |  | (99.9) | ​ | ​ | (99.4)
Net assets | ​ | $ | 18,375.5 | ​ | $ | 18,321.4
Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer (Table) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the three months ended March 31,
​ |  | 2025 |  | 2024
​ | ​ | (in millions)
Fixed maturities, available-for-sale | ​ | $ | (28.0) | ​ | $ | (30.2)
Fixed maturities, trading | ​ | ​ | 0.1 | ​ | ​ | —
Mortgage loans | ​ | ​ | (1.4) | ​ | ​ | —
Derivatives | ​ | ​ | (2.2) | ​ | ​ | 1.0
Net realized capital losses | ​ | $ | (31.5) | ​ | $ | (29.2)
​

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- Definition Tabular disclosure of information pertaining to assets that were held in support of company's reserves associated with company's coinsurance with funds withheld agreement. + References No definition available. + Details
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- Definition Tabular disclosure of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer. + References No definition available. + Details
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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/1943274/2147479032/944-605-50-1 + Details
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