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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Insurance policy income $ 645.0 $ 626.0 $ 1,914.9 $ 1,879.8
Net investment income:        
General account assets 366.3 324.8 1,019.9 925.1
Policyholder and other special-purpose portfolios 87.6 (33.0) 312.3 109.4
Investment gains (losses):        
Realized investment losses (13.1) (21.6) (49.4) (58.0)
Other investment gains (losses) 14.3 (7.7) 41.2 (21.2)
Total investment gains (losses) 1.2 (29.3) (8.2) (79.2)
Fee revenue and other income 29.5 59.0 113.4 141.2
Total revenues 1,129.6 947.5 3,352.3 2,976.3
Benefits and expenses:        
Insurance policy benefits 726.2 399.1 1,926.4 1,574.7
Liability for future policy benefits remeasurement (gain) loss 7.3 (0.1) (29.1) 8.8
Change in fair value of market risk benefits (16.1) (33.8) (30.0) (36.6)
Interest expense 68.0 62.6 192.4 174.9
Amortization of deferred acquisition costs and present value of future profits 64.0 57.0 185.9 168.5
Other operating costs and expenses 269.2 247.1 798.9 775.3
Total benefits and expenses 1,118.6 731.9 3,044.5 2,665.6
Income before income taxes 11.0 215.6 307.8 310.7
Income tax expense 1.7 48.3 69.9 70.5
Net income $ 9.3 $ 167.3 $ 237.9 $ 240.2
Basic:        
Weighted average shares outstanding (in shares) 105,101 112,689 107,265 113,836
Net income (in dollars per share) $ 0.09 $ 1.48 $ 2.22 $ 2.11
Diluted:        
Weighted average shares outstanding (in shares) 107,131 114,462 109,078 115,613
Net income (in dollars per share) $ 0.09 $ 1.46 $ 2.18 $ 2.08