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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: June 30, 2024 - $39.8 and December 31, 2023 - $42.9; amortized cost: June 30, 2024 - $25,106.1 and December 31, 2023 - $23,699.2) $ 22,617.9 $ 21,506.2
Equity securities at fair value 117.7 96.9
Mortgage loans (net of allowance for credit losses: June 30, 2024 - $13.2 and December 31, 2023 - $15.4) 2,176.0 2,064.1
Policy loans 131.3 128.5
Trading securities 207.8 222.7
Investments held by variable interest entities (net of allowance for credit losses: June 30, 2024 - $2.8 and December 31, 2023 - $3.1; amortized cost: June 30, 2024 - $440.6 and December 31, 2023 - $787.6) 425.5 768.6
Other invested assets 1,554.0 1,353.4
Total investments 27,230.2 26,140.4
Cash and cash equivalents - unrestricted 878.8 774.5
Cash and cash equivalents held by variable interest entities 113.3 114.5
Accrued investment income 262.5 251.5
Present value of future profits 170.4 180.7
Deferred acquisition costs 2,047.2 1,944.4
Reinsurance receivables (net of allowance for credit losses: June 30, 2024 - $3.0 and December 31, 2023 - $3.0) 3,910.9 4,040.7
Market risk benefit asset 84.5 75.4
Income tax assets, net 882.8 936.2
Assets held in separate accounts 3.2 3.1
Other assets 706.4 641.1
Total assets 36,290.2 35,102.5
Liabilities for insurance products:    
Policyholder account balances 16,637.9 15,667.8
Future policy benefits 11,479.4 11,928.2
Market risk benefit liability 3.2 7.4
Liability for life insurance policy claims 59.6 62.1
Unearned and advanced premiums 220.9 218.9
Liabilities related to separate accounts 3.2 3.1
Other liabilities 934.4 848.8
Investment borrowings 2,189.0 2,189.3
Borrowings related to variable interest entities 501.4 820.8
Notes payable – direct corporate obligations 1,832.3 1,140.5
Total liabilities 33,861.3 32,886.9
Commitments and Contingencies
Shareholders' equity:    
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: June 30, 2024 – 106,513,566; December 31, 2023 – 109,357,540) 1.1 1.1
Additional paid-in capital 1,797.6 1,891.5
Accumulated other comprehensive loss (1,464.3) (1,576.8)
Retained earnings 2,094.5 1,899.8
Total shareholders' equity 2,428.9 2,215.6
Total liabilities and shareholders' equity $ 36,290.2 $ 35,102.5