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

9 Months Ended

Sep. 30, 2024

Deferred Charges, Insurers [Abstract]

Schedule of Deferred Policy Acquisition Costs

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


						Nine months ended
						September 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						72.7						9.4						47.2						19.3						16.2						28.0						88.1						5.5						286.4
Amortization expense						(41.7)						(3.6)						(25.7)						(19.9)						(11.0)						(11.6)						(44.3)						(1.5)						(159.3)
End of period						$	438.6					$	32.8					$	429.5					$	156.9					$	145.5					$	250.9					$	515.7					$	8.5					$	1,978.4


						Nine months ended
						September 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						65.5						8.0						43.8						17.7						11.3						27.5						86.9						—						260.7
Amortization expense						(34.1)						(2.8)						(23.2)						(21.0)						(11.5)						(10.7)						(37.9)						(1.2)						(142.4)
End of period						$	397.0					$	24.8					$	399.4					$	157.9					$	137.7					$	229.0					$	458.1					$	4.8					$	1,808.7

Schedule of Present Value of Future Insurance Profits

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


						Nine months ended
						September 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						(9.3)						(3.8)						(.6)						(1.2)						(.1)						—						(15.0)
End of period						$	131.7					$	16.8					$	4.6					$	11.7					$	.6					$	.3					$	165.7


						Nine months ended
						September 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						(9.8)						(5.3)						(.8)						(1.4)						(.1)						(.1)						(17.5)
End of period						$	144.2					$	22.2					$	5.4					$	13.4					$	.7					$	.3					$	186.2

Schedule of Deferred Sale Inducement Cost

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


						Nine months ended
						September 30, 2024
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	88.5					$	4.6					$	93.1
Capitalizations						40.1						.9						41.0
Amortization expense						(10.9)						(.7)						(11.6)
End of period						$	117.7					$	4.8					$	122.5


						Nine months ended
						September 30, 2023
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	76.0					$	4.5					$	80.5
Capitalizations						16.3						.6						16.9
Amortization expense						(8.0)						(.6)						(8.6)
End of period						$	84.3					$	4.5					$	88.8