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

3 Months Ended

Mar. 31, 2025

Deferred Charges, Insurers [Abstract]

Schedule of Deferred Policy Acquisition Costs

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


						Three months ended
						March 31, 2025
						Fixed indexed annuities						Fixed interest annuities						Supplemental health						Medicare supplement						Long-term care						Interest-sensitive life						Traditional life						Funding agreements						Total
Beginning of period						$	450.0					$	35.9					$	438.1					$	157.4					$	148.6					$	256.0					$	529.5					$	9.9					$	2,025.4
Capitalizations						24.6						3.5						17.9						7.2						6.9						8.5						30.7						—						99.3
Amortization expense						(15.6)						(1.6)						(9.2)						(6.3)						(3.8)						(4.1)						(16.4)						(0.8)						(57.8)
End of period						$	459.0					$	37.8					$	446.8					$	158.3					$	151.7					$	260.4					$	543.8					$	9.1					$	2,066.9


						Three months ended
						March 31, 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						22.3						3.0						15.0						6.3						5.2						9.3						29.5						—						90.6
Amortization expense						(13.4)						(1.1)						(8.4)						(6.7)						(3.7)						(3.8)						(14.3)						(0.4)						(51.8)
End of period						$	416.5					$	28.9					$	414.6					$	157.1					$	141.8					$	240.0					$	487.1					$	4.1					$	1,890.1

Schedule of Present Value of Future Insurance Profits

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


						Three months ended
						March 31, 2025
						Supplemental health						Medicare supplement						Long-term care						Traditional life						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	128.8					$	15.7					$	4.4					$	11.3					$	0.5					$	0.3					$	161.0

Amortization expense						(2.9)						(1.0)						(0.2)						(0.4)						—						—						(4.5)
End of period						$	125.9					$	14.7					$	4.2					$	10.9					$	0.5					$	0.3					$	156.5


						Three months ended
						March 31, 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					$	0.7					$	0.3					$	180.7

Amortization expense						(3.1)						(1.4)						(0.2)						(0.4)						(0.1)						—						(5.2)
End of period						$	137.9					$	19.2					$	5.0					$	12.5					$	0.6					$	0.3					$	175.5

Schedule of Deferred Sale Inducement Cost

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


						Three months ended
						March 31, 2025
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	128.1					$	5.1					$	133.2
Capitalizations						14.3						0.6						14.9
Amortization expense						(4.8)						(0.3)						(5.1)
End of period						$	137.6					$	5.4					$	143.0


						Three months ended
						March 31, 2024
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	88.5					$	4.6					$	93.1
Capitalizations						12.3						0.3						12.6
Amortization expense						(3.3)						(0.2)						(3.5)
End of period						$	97.5					$	4.7					$	102.2