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LIABILITIES FOR INSURANCE PRODUCTS - SUMMARY OF CHANGES IN POLICYHOLDER ACCOUNT BALANCES (Details) - USD ($) $ in Millions | 6 Months Ended |
--- | --- | ---
Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023
Policyholder Account Balance [Roll Forward] |  |  |
Policyholder account balances | $ 16,637.9 | $ 15,387.7 | $ 15,667.8
Fixed indexed annuities |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of period excluding contracts 100% ceded | 9,999.2 | 9,490.4 |
Issuances (funds collected from new business) | 733.9 | 674.9 |
Premiums received (premiums collected from inforce business) | 1.2 | 0.2 |
Policy charges | (14.4) | (9.2) |
Surrenders and withdrawals | (467.4) | (360.8) |
Benefit payments | (152.0) | (122.3) |
Interest credited | 152.9 | 23.3 |
Other | 25.7 | 11.2 |
Balance, end of period excluding contracts 100% ceded | 10,279.1 | 9,707.7 |
Balance, end of period for contracts 100% ceded | 130.4 | 144.9 |
Policyholder account balances | 10,409.5 | 9,852.6 |
Balance, end of period, reinsurance ceded | (130.4) | (144.9) |
Balance, end of period, net of reinsurance | $ 10,279.1 | $ 9,707.7 |
Weighted average crediting rate | 2.00% | 1.70% |
Cash surrender value, net of reinsurance | $ 9,592.8 | $ 9,047.8 |
Fixed interest annuities |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of period excluding contracts 100% ceded | 1,636.4 | 1,663.1 |
Issuances (funds collected from new business) | 93.6 | 91.1 |
Premiums received (premiums collected from inforce business) | 1.5 | 1.6 |
Policy charges | (0.6) | (0.4) |
Surrenders and withdrawals | (95.2) | (85.4) |
Benefit payments | (56.0) | (55.9) |
Interest credited | 23.0 | 22.5 |
Other | (0.1) | 0.0 |
Balance, end of period excluding contracts 100% ceded | 1,602.6 | 1,636.6 |
Balance, end of period for contracts 100% ceded | 562.3 | 612.4 |
Policyholder account balances | 2,164.9 | 2,249.0 |
Balance, end of period, reinsurance ceded | (562.3) | (612.4) |
Balance, end of period, net of reinsurance | $ 1,602.6 | $ 1,636.6 |
Weighted average crediting rate | 2.80% | 2.70% |
Cash surrender value, net of reinsurance | $ 1,571.3 | $ 1,616.5 |
Other annuities |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of period excluding contracts 100% ceded | 113.1 | 127.1 |
Issuances (funds collected from new business) | 0.0 | 0.0 |
Premiums received (premiums collected from inforce business) | 14.3 | 15.4 |
Policy charges | 0.0 | 0.0 |
Surrenders and withdrawals | (17.5) | (20.7) |
Benefit payments | (3.2) | (3.1) |
Interest credited | 1.0 | 1.2 |
Other | 0.0 | (0.2) |
Balance, end of period excluding contracts 100% ceded | 107.7 | 119.7 |
Balance, end of period for contracts 100% ceded | 25.2 | 22.3 |
Policyholder account balances | 132.9 | 142.0 |
Balance, end of period, reinsurance ceded | (25.2) | (22.3) |
Balance, end of period, net of reinsurance | $ 107.7 | $ 119.7 |
Weighted average crediting rate | 2.50% | 2.30% |
Cash surrender value, net of reinsurance | $ 107.7 | $ 119.7 |
Interest-sensitive life |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of period excluding contracts 100% ceded | 1,255.2 | 1,209.6 |
Issuances (funds collected from new business) | 20.0 | 20.4 |
Premiums received (premiums collected from inforce business) | 105.6 | 101.6 |
Policy charges | (97.4) | (93.3) |
Surrenders and withdrawals | (17.4) | (16.3) |
Benefit payments | (13.3) | (13.7) |
Interest credited | 31.7 | 18.5 |
Other | 0.1 | (0.2) |
Balance, end of period excluding contracts 100% ceded | 1,284.5 | 1,226.6 |
Balance, end of period for contracts 100% ceded | 102.4 | 109.1 |
Policyholder account balances | 1,386.9 | 1,335.7 |
Balance, end of period, reinsurance ceded | (120.5) | (128.0) |
Balance, end of period, net of reinsurance | $ 1,266.4 | $ 1,207.7 |
Weighted average crediting rate | 4.70% | 3.00% |
Cash surrender value, net of reinsurance | $ 1,039.7 | $ 980.1 |
Net amount at risk | 28,899.6 | 27,483.2 |
Funding agreements |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of period excluding contracts 100% ceded | 1,411.0 | 1,410.8 |
Issuances (funds collected from new business) | 749.6 | 0.0 |
Premiums received (premiums collected from inforce business) | 0.0 | 0.0 |
Policy charges | 0.0 | 0.0 |
Surrenders and withdrawals | (14.3) | (14.3) |
Benefit payments | 0.0 | 0.0 |
Interest credited | 17.6 | 14.4 |
Other | 0.0 | 0.0 |
Balance, end of period excluding contracts 100% ceded | 2,163.9 | 1,410.9 |
Balance, end of period for contracts 100% ceded | 0.0 | 0.0 |
Policyholder account balances | 2,163.9 | 1,410.9 |
Balance, end of period, reinsurance ceded | 0.0 | 0.0 |
Balance, end of period, net of reinsurance | $ 2,163.9 | $ 1,410.9 |
Weighted average crediting rate | 2.60% | 2.00% |
Cash surrender value, net of reinsurance | $ 0.0 | $ 0.0 |
Other |  |  |
Policyholder Account Balance [Roll Forward] |  |  |
Balance, beginning of period excluding contracts 100% ceded | 381.0 | 395.5 |
Issuances (funds collected from new business) | 0.0 | 0.0 |
Premiums received (premiums collected from inforce business) | 140.2 | 134.3 |
Policy charges | 0.0 | 0.0 |
Surrenders and withdrawals | (153.2) | (144.2) |
Benefit payments | 0.0 | 0.0 |
Interest credited | 1.3 | 1.3 |
Other | 0.0 | 0.0 |
Balance, end of period excluding contracts 100% ceded | 369.3 | 386.9 |
Balance, end of period for contracts 100% ceded | 10.5 | 10.6 |
Policyholder account balances | 379.8 | 397.5 |
Balance, end of period, reinsurance ceded | (24.1) | (24.7) |
Balance, end of period, net of reinsurance | $ 355.7 | $ 372.8 |
Weighted average crediting rate | 0.70% | 0.80% |
Cash surrender value, net of reinsurance | $ 355.7 | $ 372.8 |

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