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DEFERRED ACQUISITION COSTS, PRESENT VALUE OF FUTURE PROFITS AND SALES INDUCEMENTS (Tables)

9 Months Ended

Sep. 30, 2023

Deferred Charges, Insurers [Abstract]

Schedule of Deferred Policy Acquisition Costs

Changes in deferred acquisition costs were as follows (dollars in millions):


						Nine months ended
						September 30, 2023
						Fixed indexed annuities						Fixed interest annuities						Supplemental health						Medicare supplement						Long-term care						Interest-sensitive life						Traditional life						Funding agreements						Total
Beginning of period						$	365.6					$	19.6					$	378.8					$	161.2					$	137.9					$	212.2					$	409.1					$	6.0					$	1,690.4
Capitalizations						65.5						8.0						43.8						17.7						11.3						27.5						86.9						—						260.7
Amortization expense						(34.1)						(2.8)						(23.2)						(21.0)						(11.5)						(10.7)						(37.9)						(1.2)						(142.4)
End of period						$	397.0					$	24.8					$	399.4					$	157.9					$	137.7					$	229.0					$	458.1					$	4.8					$	1,808.7


						Nine months ended
						September 30, 2022
						Fixed indexed annuities						Fixed interest annuities						Supplemental health						Medicare supplement						Long-term care						Interest-sensitive life						Traditional life						Funding agreements						Total
Beginning of period						$	313.0					$	19.0					$	357.5					$	170.2					$	136.4					$	196.3					$	357.6					$	3.3					$	1,553.3
Capitalizations						68.6						2.6						37.0						15.7						12.7						22.1						69.8						4.2						232.7
Amortization expense						(29.7)						(2.6)						(21.7)						(22.4)						(11.5)						(10.4)						(31.6)						(1.1)						(131.0)
End of period						$	351.9					$	19.0					$	372.8					$	163.5					$	137.6					$	208.0					$	395.8					$	6.4					$	1,655.0

Schedule of Present Value of Future Insurance Profits

Changes in the present value of future profits were as follows (dollars in millions):


						Nine months ended
						September 30, 2023
						Supplemental health						Medicare supplement						Long-term care						Traditional life						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	154.0					$	27.5					$	6.2					$	14.8					$	.8					$	.4					$	203.7

Amortization expense						(9.8)						(5.3)						(.8)						(1.4)						(.1)						(.1)						(17.5)
End of period						$	144.2					$	22.2					$	5.4					$	13.4					$	.7					$	.3					$	186.2


						Nine months ended
						September 30, 2022
						Supplemental health						Medicare supplement						Long-term care						Traditional life						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	168.1					$	36.5					$	7.3					$	16.9					$	.9					$	.4					$	230.1

Amortization expense						(10.6)						(6.9)						(.9)						(1.6)						(.1)						—						(20.1)
End of period						$	157.5					$	29.6					$	6.4					$	15.3					$	.8					$	.4					$	210.0

Schedule of Deferred Sale Inducement Cost

Changes in sales inducements were as follows (dollars in millions):


						Nine months ended
						September 30, 2023
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	76.0					$	4.5					$	80.5
Capitalizations						16.3						.6						16.9
Amortization expense						(8.0)						(.6)						(8.6)
End of period						$	84.3					$	4.5					$	88.8


						Nine months ended
						September 30, 2022
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	63.0					$	5.0					$	68.0
Capitalizations						15.5						.3						15.8
Amortization expense						(6.7)						(.7)						(7.4)
End of period						$	71.8					$	4.6					$	76.4