XML 42 R30.htm IDEA: XBRL DOCUMENT

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

6 Months Ended

Jun. 30, 2024

Deferred Charges, Insurers [Abstract]

Schedule of Deferred Policy Acquisition Costs

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


						Six months ended
						June 30, 2024
						Fixed indexed annuities						Fixed interest annuities						Supplemental health						Medicare supplement						Long-term care						Interest-sensitive life						Traditional life						Funding agreements						Total
Beginning of period						$	407.6					$	27.0					$	408.0					$	157.5					$	140.3					$	234.5					$	471.9					$	4.5					$	1,851.3
Capitalizations						46.6						5.9						30.5						12.7						10.5						18.8						59.6						3.1						187.7
Amortization expense						(26.9)						(2.3)						(17.0)						(13.3)						(7.3)						(7.6)						(29.0)						(.9)						(104.3)
End of period						$	427.3					$	30.6					$	421.5					$	156.9					$	143.5					$	245.7					$	502.5					$	6.7					$	1,934.7


						Six months ended
						June 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						45.0						5.2						28.4						11.8						7.5						17.9						59.3						—						175.1
Amortization expense						(22.4)						(1.8)						(15.4)						(14.1)						(7.7)						(7.1)						(24.7)						(.8)						(94.0)
End of period						$	388.2					$	23.0					$	391.8					$	158.9					$	137.7					$	223.0					$	443.7					$	5.2					$	1,771.5

Schedule of Present Value of Future Insurance Profits

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


						Six months ended
						June 30, 2024
						Supplemental health						Medicare supplement						Long-term care						Traditional life						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	141.0					$	20.6					$	5.2					$	12.9					$	.7					$	.3					$	180.7

Amortization expense						(6.3)						(2.7)						(.4)						(.8)						(.1)						—						(10.3)
End of period						$	134.7					$	17.9					$	4.8					$	12.1					$	.6					$	.3					$	170.4


						Six months ended
						June 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						(6.6)						(3.7)						(.5)						(1.0)						(.1)						—						(11.9)
End of period						$	147.4					$	23.8					$	5.7					$	13.8					$	.7					$	.4					$	191.8

Schedule of Deferred Sale Inducement Cost

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


						Six months ended
						June 30, 2024
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	88.5					$	4.6					$	93.1
Capitalizations						26.1						.6						26.7
Amortization expense						(6.8)						(.5)						(7.3)
End of period						$	107.8					$	4.7					$	112.5


						Six months ended
						June 30, 2023
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	76.0					$	4.5					$	80.5
Capitalizations						11.0						.3						11.3
Amortization expense						(5.2)						(.4)						(5.6)
End of period						$	81.8					$	4.4					$	86.2