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SHAREHOLDERS' EQUITY
9 Months Ended
Sep. 30, 2024
Equity [Abstract]  
SHAREHOLDERS' EQUITY
SHAREHOLDERS' EQUITY

In the first nine months of 2024, we repurchased 6.5 million shares of common stock for $190.0 million under our securities repurchase program (including $1.4 million of repurchases settled in the fourth quarter of 2024). The Company had remaining repurchase authority of $331.8 million as of September 30, 2024.

In the first nine months of 2024, we issued 1.0 million shares of common stock, net of shares withheld to pay tax withholdings, pursuant to employee benefit plans.

In the first nine months of 2024, dividends declared on common stock totaled $50.8 million ($0.47 per common share). In May 2024, the Company increased its quarterly common stock dividend to $0.16 per share from $0.15 per share.

Accumulated other comprehensive income (loss), included in shareholders' equity as of September 30, 2024 and December 31, 2023, is comprised of the following (dollars in millions):
September 30,
2024
December 31,
2023
Net unrealized losses on investments having no allowance for credit losses $(803.0)$(1,235.2)
Unrealized losses on investments with an allowance for credit losses (699.8)(931.0)
Change in discount rates for liability for future policy benefits63.4 133.4 
Change in instrument-specific credit risk for market risk benefits2.1 4.8 
Deferred income tax assets321.3 451.2 
Accumulated other comprehensive loss$(1,116.0)$(1,576.8)