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CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Insurance policy income $ 650.7 $ 628.4
Net investment income:    
General account assets 375.1 301.9
Policyholder and other special-purpose portfolios (63.6) 167.3
Investment gains (losses):    
Realized investment losses (3.8) (10.0)
Other investment gains (losses) (3.0) 17.8
Total investment gains (losses) (6.8) 7.8
Fee revenue and other income 48.7 51.1
Total revenues 1,004.1 1,156.5
Benefits and expenses:    
Insurance policy benefits 580.1 636.6
Liability for future policy benefits remeasurement (gain) loss (12.2) (6.4)
Change in fair value of market risk benefits 15.3 (18.9)
Interest expense 62.0 60.2
Amortization of deferred acquisition costs and present value of future profits 67.4 60.5
Gain on extinguishment of borrowings related to variable interest entities (1.5) 0.0
Other operating costs and expenses 275.3 278.3
Total benefits and expenses 986.4 1,010.3
Income before income taxes 17.7 146.2
Income tax expense 4.0 33.9
Net income $ 13.7 $ 112.3
Basic:    
Weighted average shares outstanding (in shares) 100,743 108,964
Net income (in dollars per share) $ 0.14 $ 1.03
Diluted:    
Weighted average shares outstanding (in shares) 103,070 110,845
Net income (in dollars per share) $ 0.13 $ 1.01