XML 70 R59.htm IDEA: XBRL DOCUMENT v3.24.3
LIABILITIES FOR INSURANCE PRODUCTS - SUMMARY OF CHANGES IN POLICYHOLDER ACCOUNT BALANCES (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Policyholder Account Balance [Roll Forward]      
Policyholder account balances $ 17,240.5 $ 15,481.8 $ 15,667.8
Net amount at risk 29,200.0 27,900.0  
Fixed indexed annuities      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period excluding contracts 100% ceded 9,999.2 9,490.4  
Issuances (funds collected from new business) 1,132.6 996.6  
Premiums received (premiums collected from inforce business) 1.3 0.3  
Policy charges (23.2) (14.4)  
Surrenders and withdrawals (706.5) (538.4)  
Benefit payments (219.5) (185.0)  
Interest credited 244.1 52.7  
Other 40.0 17.0  
Balance, end of period excluding contracts 100% ceded 10,468.0 9,819.2  
Balance, end of period for contracts 100% ceded 126.8 141.4  
Policyholder account balances 10,594.8 9,960.6  
Balance, end of period, reinsurance ceded (126.8) (141.4)  
Balance, end of period, net of reinsurance $ 10,468.0 $ 9,819.2  
Weighted average crediting rate 2.10% 1.70%  
Cash surrender value, net of reinsurance $ 9,772.1 $ 9,152.8  
Fixed interest annuities      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period excluding contracts 100% ceded 1,636.4 1,663.1  
Issuances (funds collected from new business) 155.9 139.5  
Premiums received (premiums collected from inforce business) 2.5 2.1  
Policy charges (1.0) (0.7)  
Surrenders and withdrawals (134.4) (124.7)  
Benefit payments (81.0) (80.8)  
Interest credited 34.7 34.2  
Other (0.4) (0.2)  
Balance, end of period excluding contracts 100% ceded 1,612.7 1,632.5  
Balance, end of period for contracts 100% ceded 547.7 602.2  
Policyholder account balances 2,160.4 2,234.7  
Balance, end of period, reinsurance ceded (547.7) (602.2)  
Balance, end of period, net of reinsurance $ 1,612.7 $ 1,632.5  
Weighted average crediting rate 2.80% 2.80%  
Cash surrender value, net of reinsurance $ 1,578.0 $ 1,609.4  
Other annuities      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period excluding contracts 100% ceded 113.1 127.1  
Issuances (funds collected from new business) 0.0 0.0  
Premiums received (premiums collected from inforce business) 24.4 21.5  
Policy charges 0.0 0.0  
Surrenders and withdrawals (24.5) (30.3)  
Benefit payments (4.4) (4.6)  
Interest credited 1.6 1.8  
Other (0.4) (0.3)  
Balance, end of period excluding contracts 100% ceded 109.8 115.2  
Balance, end of period for contracts 100% ceded 26.2 26.2  
Policyholder account balances 136.0 141.4  
Balance, end of period, reinsurance ceded (26.2) (26.2)  
Balance, end of period, net of reinsurance $ 109.8 $ 115.2  
Weighted average crediting rate 2.50% 2.40%  
Cash surrender value, net of reinsurance $ 109.8 $ 115.2  
Interest-sensitive life      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period excluding contracts 100% ceded 1,255.2 1,209.6  
Issuances (funds collected from new business) 30.7 30.0  
Premiums received (premiums collected from inforce business) 158.3 152.4  
Policy charges (146.7) (140.4)  
Surrenders and withdrawals (26.4) (24.3)  
Benefit payments (17.4) (19.6)  
Interest credited 47.9 30.5  
Other (0.4) (0.4)  
Balance, end of period excluding contracts 100% ceded 1,301.2 1,237.8  
Balance, end of period for contracts 100% ceded 99.9 107.0  
Policyholder account balances 1,401.1 1,344.8  
Balance, end of period, reinsurance ceded (118.0) (125.2)  
Balance, end of period, net of reinsurance $ 1,283.1 $ 1,219.6  
Weighted average crediting rate 4.90% 4.00%  
Cash surrender value, net of reinsurance $ 1,055.5 $ 997.8  
Funding agreements      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period excluding contracts 100% ceded 1,411.0 1,410.8  
Issuances (funds collected from new business) 1,149.4 0.0  
Premiums received (premiums collected from inforce business) 0.0 0.0  
Policy charges 0.0 0.0  
Surrenders and withdrawals (24.2) (24.2)  
Benefit payments 0.0 0.0  
Interest credited 37.5 21.6  
Other 0.0 0.0  
Balance, end of period excluding contracts 100% ceded 2,573.7 1,408.2  
Balance, end of period for contracts 100% ceded 0.0 0.0  
Policyholder account balances 2,573.7 1,408.2  
Balance, end of period, reinsurance ceded 0.0 0.0  
Balance, end of period, net of reinsurance $ 2,573.7 $ 1,408.2  
Weighted average crediting rate 3.50% 2.00%  
Cash surrender value, net of reinsurance $ 0.0 $ 0.0  
Other      
Policyholder Account Balance [Roll Forward]      
Balance, beginning of period excluding contracts 100% ceded 381.0 395.5  
Issuances (funds collected from new business) 0.0 0.0  
Premiums received (premiums collected from inforce business) 206.9 201.0  
Policy charges 0.0 0.0  
Surrenders and withdrawals (225.6) (216.6)  
Benefit payments 0.0 (0.1)  
Interest credited 1.9 2.0  
Other 0.0 0.0  
Balance, end of period excluding contracts 100% ceded 364.2 381.8  
Balance, end of period for contracts 100% ceded 10.3 10.3  
Policyholder account balances 374.5 392.1  
Balance, end of period, reinsurance ceded (23.7) (24.3)  
Balance, end of period, net of reinsurance $ 350.8 $ 367.8  
Weighted average crediting rate 0.80% 0.80%  
Cash surrender value, net of reinsurance $ 350.8 $ 367.8