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FAIR VALUE MEASUREMENTS - RECURRING BASIS (Details) - USD ($) $ in Millions | Sep. 30, 2023 | Dec. 31, 2022
--- | --- | ---
Cash and cash equivalents: |  |
Held by variable interest entities | $ 122.0 | $ 69.2
Fair Value, Measurements, Recurring | Total estimated fair value |  |
Assets: |  |
Mortgage loans | 1,790.2 | 1,273.6
Policy loans | 126.4 | 121.6
Other invested assets: |  |
Company-owned life insurance | 200.5 | 199.1
Cash and cash equivalents: |  |
Unrestricted | 460.8 | 575.7
Held by variable interest entities | 122.0 | 69.2
Liabilities: |  |
Policyholder account balances | 15,481.8 | 15,234.2
Future policy benefits | (462.7) | (491.4)
Investment borrowings | 2,090.3 | 1,640.5
Borrowings related to variable interest entities | 929.0 | 1,066.3
Notes payable – direct corporate obligations | 1,054.1 | 1,077.0
Fair Value, Measurements, Recurring | Total carrying amount |  |
Assets: |  |
Mortgage loans | 1,971.3 | 1,411.9
Policy loans | 126.4 | 121.6
Other invested assets: |  |
Company-owned life insurance | 200.5 | 199.1
Cash and cash equivalents: |  |
Unrestricted | 460.8 | 575.7
Held by variable interest entities | 122.0 | 69.2
Liabilities: |  |
Policyholder account balances | 15,481.8 | 15,234.2
Future policy benefits | (462.7) | (491.4)
Investment borrowings | 2,089.4 | 1,639.5
Borrowings related to variable interest entities | 918.5 | 1,104.6
Notes payable – direct corporate obligations | 1,140.1 | 1,138.8
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) |  |
Assets: |  |
Mortgage loans | 0.0 | 0.0
Policy loans | 0.0 | 0.0
Other invested assets: |  |
Company-owned life insurance | 0.0 | 0.0
Cash and cash equivalents: |  |
Unrestricted | 460.8 | 575.7
Held by variable interest entities | 122.0 | 69.2
Liabilities: |  |
Policyholder account balances | 0.0 | 0.0
Future policy benefits | 0.0 | 0.0
Investment borrowings | 0.0 | 0.0
Borrowings related to variable interest entities | 0.0 | 0.0
Notes payable – direct corporate obligations | 0.0 | 0.0
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) |  |
Assets: |  |
Mortgage loans | 0.0 | 0.0
Policy loans | 0.0 | 0.0
Other invested assets: |  |
Company-owned life insurance | 200.5 | 199.1
Cash and cash equivalents: |  |
Unrestricted | 0.0 | 0.0
Held by variable interest entities | 0.0 | 0.0
Liabilities: |  |
Policyholder account balances | 0.0 | 0.0
Future policy benefits | 0.0 | 0.0
Investment borrowings | 2,090.3 | 1,640.5
Borrowings related to variable interest entities | 929.0 | 1,066.3
Notes payable – direct corporate obligations | 1,054.1 | 1,077.0
Fair Value, Measurements, Recurring | Significant unobservable inputs (Level 3) |  |
Assets: |  |
Mortgage loans | 1,790.2 | 1,273.6
Policy loans | 126.4 | 121.6
Other invested assets: |  |
Company-owned life insurance | 0.0 | 0.0
Cash and cash equivalents: |  |
Unrestricted | 0.0 | 0.0
Held by variable interest entities | 0.0 | 0.0
Liabilities: |  |
Policyholder account balances | 15,481.8 | 15,234.2
Future policy benefits | (462.7) | (491.4)
Investment borrowings | 0.0 | 0.0
Borrowings related to variable interest entities | 0.0 | 0.0
Notes payable – direct corporate obligations | $ 0.0 | $ 0.0

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