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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Investments:    
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: 2024 - $37.1 and 2023 - $42.9; amortized cost: 2024 - $25,264.3 and 2023 - $23,699.2) $ 22,840.5 $ 21,506.2
Equity securities at fair value 162.0 96.9
Mortgage loans (net of allowance for credit losses: 2024 - $13.6 and 2023 - $15.4) 2,506.3 2,064.1
Policy loans 135.3 128.5
Trading securities 304.2 222.7
Investments held by variable interest entities (net of allowance for credit losses: 2024 - $1.3 and 2023 - $3.1; amortized cost: 2024 - $437.0 and 2023 - $787.6) 432.3 768.6
Other invested assets 1,491.5 1,353.4
Total investments 27,872.1 26,140.4
Cash and cash equivalents - unrestricted 1,656.7 774.5
Cash and cash equivalents held by variable interest entities 341.0 114.5
Accrued investment income 286.4 251.5
Present value of future profits 161.0 180.7
Deferred acquisition costs 2,158.6 1,944.4
Reinsurance receivables (net of allowance for credit losses: 2024 - $3.0 and 2023 - $3.0) 3,854.7 4,040.7
Income tax assets, net 818.9 936.2
Assets held in separate accounts 3.3 3.1
Other assets 699.9 641.1
Total assets 37,852.6 35,027.1
Liabilities for insurance products:    
Policyholder account balances 17,615.8 15,222.5
Future policy benefits 11,705.5 12,188.4
Market risk benefit liability 60.0 117.1
Liability for life insurance policy claims 61.1 62.1
Unearned and advanced premiums 226.8 218.9
Liabilities related to separate accounts 3.3 3.1
Other liabilities 1,161.8 848.8
Investment borrowings 2,188.8 2,189.3
Borrowings related to variable interest entities 497.6 820.8
Notes payable – direct corporate obligations 1,833.5 1,140.5
Total liabilities 35,354.2 32,811.5
Commitments and Contingencies (Note 8)
Shareholders' equity:    
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: 2024 - 101,618,957 and 2023 - 109,357,540) 1.0 1.1
Additional paid-in capital 1,632.5 1,891.5
Accumulated other comprehensive loss (1,371.4) (1,576.8)
Retained earnings 2,236.3 1,899.8
Total shareholders' equity 2,498.4 2,215.6
Total liabilities and shareholders' equity $ 37,852.6 $ 35,027.1