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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2023
Accounting Policies [Abstract]  
Schedule of Fixed Indexed Annuity Insurance Liabilities
Total liabilities for insurance products related to our fixed indexed annuities are comprised of: (i) the liability related to the host contract; and (ii) the fair market value of the embedded derivatives as summarized below (dollars in millions):

September 30,
2023
December 31,
2022
Fixed indexed annuity insurance liabilities:
Host contract liability$8,284.5 $7,856.4 
Embedded derivatives at fair value1,213.4 1,297.0 
Total fixed indexed annuity insurance liabilities$9,497.9 $9,153.4 
For presentation in the consolidated balance sheet, the total fixed indexed annuity insurance liability balance is bifurcated between: (i) policyholder account balances (which is the total of all current balances accruing to the policyholder under the terms and conditions of the policies assuming the contracts will continue in force); and (ii) the difference between the total fixed indexed annuity insurance liabilities summarized above and the policyholder account balances, which is classified as future policy benefits. These classifications are summarized below (dollars in millions):

September 30,
2023
December 31,
2022
Policyholder account balances$9,960.6 $9,644.8 
Future policy benefits(462.7)(491.4)
Total fixed indexed annuity insurance liabilities$9,497.9 $9,153.4