XML 104 R92.htm IDEA: XBRL DOCUMENT v3.24.2.u1
FAIR VALUE MEASUREMENTS - MEASUREMENTS BY INPUT LEVEL (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Jun. 30, 2023
Assets:      
Total fixed maturities, available for sale $ 22,617.9 $ 21,506.2  
Equity securities - corporate securities 117.7 96.9  
Total trading securities 207.8 222.7  
Investments held by variable interest entities - corporate securities 425.5 768.6  
Total other invested assets 1,554.0 1,353.4  
Market risk benefit asset 84.5 75.4 $ 66.0
Assets held in separate accounts 3.2 3.1  
Liabilities:      
Market risk benefit liability 3.2 7.4 $ 10.5
Corporate securities      
Assets:      
Total fixed maturities, available for sale 11,788.1 11,837.5  
Certificates of deposit      
Assets:      
Total fixed maturities, available for sale 473.7    
United States Treasury securities and obligations of United States government corporations and agencies      
Assets:      
Total fixed maturities, available for sale 256.5 194.4  
States and political subdivisions      
Assets:      
Total fixed maturities, available for sale 2,810.8 2,566.7  
Foreign governments      
Assets:      
Total fixed maturities, available for sale 87.7 83.1  
Asset-backed securities      
Assets:      
Total fixed maturities, available for sale 1,468.7 1,372.4  
Agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 789.4 648.0  
Non-agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 1,552.8 1,553.2  
Collateralized loan obligations      
Assets:      
Total fixed maturities, available for sale 1,224.9 1,032.8  
Commercial mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 2,165.3 2,218.1  
Significant unobservable inputs  (Level 3)      
Assets:      
Total assets carried at fair value by category 379.6 377.5  
Fair Value, Measurements, Recurring      
Assets:      
Total trading securities 207.8 222.7  
Investments held by variable interest entities - corporate securities 425.5 768.6  
Derivatives 354.8 239.2  
Residual tranches 66.0 39.0  
Total other invested assets 420.8 278.2  
Market risk benefit asset 84.5 75.4  
Assets held in separate accounts 3.2 3.1  
Total assets carried at fair value by category 23,877.4 22,951.1  
Liabilities:      
Market risk benefit liability 3.2 7.4  
Embedded derivatives associated with fixed indexed annuity products 1,418.0 1,376.7  
Total liabilities carried at fair value by category 1,421.2 1,384.1  
Fair Value, Measurements, Recurring | Corporate securities      
Assets:      
Total fixed maturities, available for sale 11,788.1 11,837.5  
Equity securities - corporate securities 117.7 96.9  
Fair Value, Measurements, Recurring | Certificates of deposit      
Assets:      
Total fixed maturities, available for sale 473.7    
Fair Value, Measurements, Recurring | United States Treasury securities and obligations of United States government corporations and agencies      
Assets:      
Total fixed maturities, available for sale 256.5 194.4  
Fair Value, Measurements, Recurring | States and political subdivisions      
Assets:      
Total fixed maturities, available for sale 2,810.8 2,566.7  
Fair Value, Measurements, Recurring | Foreign governments      
Assets:      
Total fixed maturities, available for sale 87.7 83.1  
Fair Value, Measurements, Recurring | Asset-backed securities      
Assets:      
Total fixed maturities, available for sale 1,468.7 1,372.4  
Total trading securities 30.6 32.8  
Fair Value, Measurements, Recurring | Agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 789.4 648.0  
Total trading securities 3.4 3.5  
Fair Value, Measurements, Recurring | Non-agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 1,552.8 1,553.2  
Total trading securities 56.0 58.5  
Fair Value, Measurements, Recurring | Collateralized loan obligations      
Assets:      
Total fixed maturities, available for sale 1,224.9 1,032.8  
Total trading securities 9.1 9.0  
Fair Value, Measurements, Recurring | Commercial mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 2,165.3 2,218.1  
Total trading securities 108.7 118.9  
Fair Value, Measurements, Recurring | Total Fixed Maturities, Available For Sale      
Assets:      
Total fixed maturities, available for sale 22,617.9 21,506.2  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1)      
Assets:      
Total trading securities 0.0 0.0  
Investments held by variable interest entities - corporate securities 0.0 0.0  
Derivatives 0.0 0.0  
Residual tranches 0.0 0.0  
Total other invested assets 0.0 0.0  
Market risk benefit asset 0.0 0.0  
Assets held in separate accounts 0.0 0.0  
Total assets carried at fair value by category 44.9 24.2  
Liabilities:      
Market risk benefit liability 0.0 0.0  
Embedded derivatives associated with fixed indexed annuity products 0.0 0.0  
Total liabilities carried at fair value by category 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Corporate securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Equity securities - corporate securities 44.9 24.2  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Certificates of deposit      
Assets:      
Total fixed maturities, available for sale 0.0    
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | United States Treasury securities and obligations of United States government corporations and agencies      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | States and political subdivisions      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Foreign governments      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Asset-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Non-agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Collateralized loan obligations      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Commercial mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Quoted prices in active markets for identical assets or liabilities (Level 1) | Total Fixed Maturities, Available For Sale      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2)      
Assets:      
Total trading securities 205.0 222.7  
Investments held by variable interest entities - corporate securities 425.5 768.6  
Derivatives 354.8 239.2  
Residual tranches 0.0 7.5  
Total other invested assets 354.8 246.7  
Market risk benefit asset 0.0 0.0  
Assets held in separate accounts 3.2 3.1  
Total assets carried at fair value by category 23,452.9 22,549.4  
Liabilities:      
Market risk benefit liability 0.0 0.0  
Embedded derivatives associated with fixed indexed annuity products 0.0 0.0  
Total liabilities carried at fair value by category 0.0 0.0  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Corporate securities      
Assets:      
Total fixed maturities, available for sale 11,660.4 11,678.2  
Equity securities - corporate securities 0.0 0.0  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Certificates of deposit      
Assets:      
Total fixed maturities, available for sale 473.7    
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | United States Treasury securities and obligations of United States government corporations and agencies      
Assets:      
Total fixed maturities, available for sale 256.5 194.4  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | States and political subdivisions      
Assets:      
Total fixed maturities, available for sale 2,810.8 2,566.7  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Foreign governments      
Assets:      
Total fixed maturities, available for sale 87.7 83.1  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Asset-backed securities      
Assets:      
Total fixed maturities, available for sale 1,442.9 1,346.9  
Total trading securities 30.6 32.8  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 789.4 648.0  
Total trading securities 3.4 3.5  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Non-agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 1,552.8 1,553.2  
Total trading securities 56.0 58.5  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Collateralized loan obligations      
Assets:      
Total fixed maturities, available for sale 1,224.9 1,032.8  
Total trading securities 9.1 9.0  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Commercial mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 2,165.3 2,205.0  
Total trading securities 105.9 118.9  
Fair Value, Measurements, Recurring | Significant other observable inputs (Level 2) | Total Fixed Maturities, Available For Sale      
Assets:      
Total fixed maturities, available for sale 22,464.4 21,308.3  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3)      
Assets:      
Total trading securities 2.8 0.0  
Investments held by variable interest entities - corporate securities 0.0 0.0  
Derivatives 0.0 0.0  
Residual tranches 66.0 31.5  
Total other invested assets 66.0 31.5  
Market risk benefit asset 84.5 75.4  
Assets held in separate accounts 0.0 0.0  
Total assets carried at fair value by category 379.6 377.5  
Liabilities:      
Market risk benefit liability 3.2 7.4  
Embedded derivatives associated with fixed indexed annuity products 1,418.0 1,376.7  
Total liabilities carried at fair value by category 1,421.2 1,384.1  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Corporate securities      
Assets:      
Total fixed maturities, available for sale 127.7 159.3  
Equity securities - corporate securities 72.8 72.7  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Certificates of deposit      
Assets:      
Total fixed maturities, available for sale 0.0    
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | United States Treasury securities and obligations of United States government corporations and agencies      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | States and political subdivisions      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Foreign governments      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Asset-backed securities      
Assets:      
Total fixed maturities, available for sale 25.8 25.5  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Non-agency residential mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Collateralized loan obligations      
Assets:      
Total fixed maturities, available for sale 0.0 0.0  
Total trading securities 0.0 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Commercial mortgage-backed securities      
Assets:      
Total fixed maturities, available for sale 0.0 13.1  
Total trading securities 2.8 0.0  
Fair Value, Measurements, Recurring | Significant unobservable inputs  (Level 3) | Total Fixed Maturities, Available For Sale      
Assets:      
Total fixed maturities, available for sale $ 153.5 $ 197.9