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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues:        
Insurance policy income $ 630.5 $ 625.3 $ 1,262.9 $ 1,254.0
Net investment income:        
General account assets 282.1 231.7 564.8 512.0
Policyholder and other special-purpose portfolios 97.1 87.1 152.6 (23.6)
Realized investment gains (losses):        
Net realized investment gains (losses) 25.6 27.9 13.2 (32.2)
Change in allowance for credit losses and other-than-temporary impairment losses 5.7 15.9 15.3 (39.5)
Total realized gains (losses) 31.3 43.8 28.5 (71.7)
Fee revenue and other income 32.1 26.3 70.3 60.7
Total revenues 1,073.1 1,014.2 2,079.1 1,731.4
Benefits and expenses:        
Insurance policy benefits 657.4 540.3 1,116.5 1,031.1
Interest expense 24.0 28.4 48.1 61.8
Amortization 42.6 88.5 142.3 138.7
Other operating costs and expenses 247.5 251.6 480.6 465.4
Total benefits and expenses 971.5 908.8 1,787.5 1,697.0
Income before income taxes 101.6 105.4 291.6 34.4
Income tax expense (benefit):        
Tax expense on period income 23.6 23.4 66.2 7.6
Valuation allowance for deferred tax assets and other tax items 0.0 0.0 0.0 (34.0)
Net income $ 78.0 $ 82.0 $ 225.4 $ 60.8
Basic:        
Weighted average shares outstanding (in shares) 131,016 143,421 132,578 144,625
Net income (in dollars per share) $ 0.59 $ 0.57 $ 1.70 $ 0.42
Diluted:        
Weighted average shares outstanding (in shares) 133,814 143,941 135,233 145,269
Net income (in dollars per share) $ 0.58 $ 0.57 $ 1.67 $ 0.42