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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Insurance policy income $ 626.0 $ 623.2 $ 1,879.8 $ 1,873.8
Net investment income:        
General account assets 324.8 289.0 925.1 884.2
Policyholder and other special-purpose portfolios (33.0) (20.9) 109.4 (184.0)
Investment gains (losses):        
Realized investment gains (losses) (21.6) (8.2) (58.0) 3.6
Other investment losses (7.7) (9.5) (21.2) (102.8)
Total investment losses (29.3) (17.7) (79.2) (99.2)
Fee revenue and other income 59.0 31.7 141.2 128.4
Total revenues 947.5 905.3 2,976.3 2,603.2
Benefits and expenses:        
Insurance policy benefits 399.1 396.1 1,574.7 1,032.2
Liability for future policy benefits remeasurement loss (0.1) (5.0) 8.8 2.3
Change in fair value of market risk benefits (33.8) (34.9) (36.6) (117.9)
Interest expense 62.6 37.6 174.9 89.2
Amortization of deferred acquisition costs and present value of future profits 57.0 53.5 168.5 158.5
Other operating costs and expenses 247.1 230.1 775.3 670.9
Total benefits and expenses 731.9 677.4 2,665.6 1,835.2
Income before income taxes 215.6 227.9 310.7 768.0
Income tax expense on period income 48.3 52.0 70.5 175.4
Net income $ 167.3 $ 175.9 $ 240.2 $ 592.6
Basic:        
Weighted average shares outstanding (in shares) 112,689 114,354 113,836 116,170
Net income (in dollars per share) $ 1.48 $ 1.54 $ 2.11 $ 5.10
Diluted:        
Weighted average shares outstanding (in shares) 114,462 115,928 115,613 118,072
Net income (in dollars per share) $ 1.46 $ 1.52 $ 2.08 $ 5.02