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NOTES PAYABLE - DIRECT CORPORATE OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Instruments
The following notes payable were direct corporate obligations of the Company as of June 30, 2024 and December 31, 2023 (dollars in millions):
June 30,
2024
December 31,
2023
5.250% Senior Notes due May 2025
$500.0 $500.0 
5.250% Senior Notes due May 2029
500.0 500.0 
6.450% Senior Notes due June 2034
700.0 — 
5.125% Subordinated Debentures due November 2060
150.0 150.0 
Revolving Credit Agreement (as defined below)— — 
Unamortized discount on 6.450% Senior Notes due June 2034
(2.3)— 
Unamortized debt issue costs(15.4)(9.5)
Direct corporate obligations$1,832.3 $1,140.5 
Schedule of sources and uses of cash from transaction The following table sets forth the sources and uses of cash from the transaction (dollars in millions):
Sources:
2034 Notes, net of original issue discount$697.7 
Uses:
General corporate purposes (including 500.0 million invested primarily in certificates of deposit for the repayment at maturity of the 2025 Notes)
$691.0 
Debt issuance costs6.7 
$697.7