XML 84 R71.htm IDEA: XBRL DOCUMENT v3.25.1
Derivative Financial Instruments - Effect of Hedges on Consolidated Statements of Operations (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Gains (losses) recognized for hedging relationships    
Net investment income (loss) $ 1,165.7 $ 1,072.2
Net realized capital gains (losses) [1] (117.1) (0.9)
Benefits, claims and settlement expenses 2,220.0 2,069.7
Fair Value Hedges | Net investment income    
Gains (losses) recognized for hedging relationships    
Total gain (loss) recognized for hedging relationships 12.7 17.0
Fair Value Hedges | Benefits, claims and settlement expenses    
Gains (losses) recognized for hedging relationships    
Total gain (loss) recognized for hedging relationships (5.3) (3.1)
Fair Value Hedges | Interest rate contracts | Net investment income    
Gains (losses) recognized for hedging relationships    
Gain (loss) recognized on hedged item 27.4 (17.7)
Gain (loss) recognized on derivatives (26.1) 17.5
Amortization of hedged item basis adjustments 0.6 0.4
Amounts related to periodic settlements on derivatives 10.1 16.1
Fair Value Hedges | Interest rate contracts | Benefits, claims and settlement expenses    
Gains (losses) recognized for hedging relationships    
Gain (loss) recognized on hedged item 35.5 (14.8)
Gain (loss) recognized on derivatives (36.0) 16.2
Amounts related to periodic settlements on derivatives (4.8) (4.5)
Fair Value Hedges | Foreign exchange contracts | Net investment income    
Gains (losses) recognized for hedging relationships    
Amounts related to periodic settlements on derivatives 0.7 0.7
Fair Value Hedges | Foreign exchange contracts | Net realized capital gains (losses)    
Gains (losses) recognized for hedging relationships    
Gain (loss) recognized on hedged item 7.8 (4.1)
Gain (loss) recognized on derivatives (7.8) 4.1
Cash Flow Hedges | Net investment income    
Gains (losses) recognized for hedging relationships    
Total gain (loss) recognized for hedging relationships 9.1 6.7
Cash Flow Hedges | Benefits, claims and settlement expenses    
Gains (losses) recognized for hedging relationships    
Total gain (loss) recognized for hedging relationships (0.1) 3.8
Cash Flow Hedges | Interest rate contracts | Gain (loss) reclassified from AOCI on derivatives    
Gains (losses) recognized for hedging relationships    
Net investment income (loss) 0.7 0.9
Benefits, claims and settlement expenses (0.1)  
Cash Flow Hedges | Interest rate contracts | Net investment income    
Gains (losses) recognized for hedging relationships    
Amounts related to periodic settlements on derivatives (0.1)  
Cash Flow Hedges | Interest rate contracts | Benefits, claims and settlement expenses    
Gains (losses) recognized for hedging relationships    
Amounts related to periodic settlements on derivatives   3.8
Cash Flow Hedges | Foreign exchange contracts | Net investment income    
Gains (losses) recognized for hedging relationships    
Amounts related to periodic settlements on derivatives 8.5 5.8
Net investment hedging relationships    
Gains (losses) recognized for hedging relationships    
Amount of gain (loss) recognized in AOCI on derivatives (1.1) 0.7
Net investment hedging relationships | Foreign exchange contracts    
Gains (losses) recognized for hedging relationships    
Amount of gain (loss) recognized in AOCI on derivatives $ (1.1) $ 0.7
[1] Includes realized and unrealized gains (losses). See Note 4, Investments, for further details.