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SHAREHOLDERS' EQUITY
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
SHAREHOLDERS' EQUITY SHAREHOLDERS' EQUITY
In the first three months of 2025, we repurchased 2.5 million shares of common stock for $99.9 million under our securities repurchase program (including $1.9 million of repurchases settled in the second quarter of 2025). The Company had remaining repurchase authority of $640.4 million as of March 31, 2025.

In the first three months of 2025, we issued 0.8 million shares of common stock, net of shares withheld to pay tax withholdings, pursuant to employee benefit plans.

In the first three months of 2025, dividends declared on common stock totaled $16.4 million ($0.16 per common share). In May 2025, the Company increased its quarterly common stock dividend to $0.17 per share from $0.16 per share.

Accumulated other comprehensive income (loss), included in shareholders' equity as of March 31, 2025 and December 31, 2024, is comprised of the following (dollars in millions):
March 31,
2025
December 31,
2024
Net unrealized losses on investments having no allowance for credit losses $(861.1)$(1,281.6)
Unrealized losses on investments with an allowance for credit losses (1,292.7)(1,108.7)
Change in discount rates for liability for future policy benefits555.7 624.5 
Change in instrument-specific credit risk for market risk benefits3.1 1.4 
Deferred income tax assets355.9 393.0 
Accumulated other comprehensive loss$(1,239.1)$(1,371.4)