XML 76 R61.htm IDEA: XBRL DOCUMENT v3.25.1
LIABILITIES FOR INSURANCE PRODUCTS - SUMMARY OF CHANGES IN POLICYHOLDER ACCOUNT BALANCES (Details) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Dec. 31, 2024
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded $ 17,222.4 $ 14,795.9  
Issuances (funds collected from new business) 444.2 400.2  
Premiums received (premiums collected from inforce business) 131.7 125.3  
Policy charges (57.1) (55.0)  
Surrenders and withdrawals (782.3) (386.2)  
Benefit payments (108.7) (111.4)  
Interest credited 155.0 103.9  
Other 14.5 11.6  
Policyholder account values, end of period excluding contracts 100% ceded 17,019.7 14,884.3  
Policyholder account values, end of period for contracts 100% ceded 783.4 852.4  
Amount of reserves above (below) policyholder account values (457.1) (375.6)  
Policyholder account balances 17,346.0 15,361.1 $ 17,615.8
Balance, end of period, reinsurance ceded (807.0) (884.2)  
Balance, end of period, net of reinsurance $ 16,539.0 $ 14,476.9  
Weighted average crediting rate  
Cash surrender value, net of reinsurance  
Net amount at risk 29,800.0 28,700.0  
Fixed indexed annuities      
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded 10,766.3 9,999.2  
Issuances (funds collected from new business) 383.6 345.4  
Premiums received (premiums collected from inforce business) 3.9 0.5  
Policy charges (6.8) (6.5)  
Surrenders and withdrawals (233.2) (232.2)  
Benefit payments (72.6) (74.4)  
Interest credited 96.4 68.9  
Other 14.5 11.8  
Policyholder account values, end of period excluding contracts 100% ceded 10,952.1 10,112.7  
Policyholder account values, end of period for contracts 100% ceded 121.6 134.4  
Amount of reserves above (below) policyholder account values (462.4) (398.4)  
Policyholder account balances 10,611.3 9,848.7  
Balance, end of period, reinsurance ceded (114.0) (134.4)  
Balance, end of period, net of reinsurance $ 10,497.3 $ 9,714.3  
Weighted average crediting rate 2.10% 1.90%  
Cash surrender value, net of reinsurance $ 10,233.1 $ 9,434.2  
Fixed interest annuities      
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded 1,646.6 1,636.4  
Issuances (funds collected from new business) 50.9 45.1  
Premiums received (premiums collected from inforce business) 0.7 1.0  
Policy charges (0.4) (0.3)  
Surrenders and withdrawals (41.4) (52.8)  
Benefit payments (28.4) (30.2)  
Interest credited 12.7 11.4  
Other 0.0 0.0  
Policyholder account values, end of period excluding contracts 100% ceded 1,640.7 1,610.6  
Policyholder account values, end of period for contracts 100% ceded 527.3 579.3  
Amount of reserves above (below) policyholder account values 0.0  
Policyholder account balances 2,168.0 2,189.9  
Balance, end of period, reinsurance ceded (527.3) (579.3)  
Balance, end of period, net of reinsurance $ 1,640.7 $ 1,610.6  
Weighted average crediting rate 2.90% 2.80%  
Cash surrender value, net of reinsurance $ 1,598.5 $ 1,582.1  
Other annuities      
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded 107.4 113.1  
Issuances (funds collected from new business) 0.0 0.0  
Premiums received (premiums collected from inforce business) 6.7 5.7  
Policy charges 0.0 0.0  
Surrenders and withdrawals (8.6) (8.7)  
Benefit payments (1.2) (1.4)  
Interest credited 0.6 0.5  
Other 0.1 (0.1)  
Policyholder account values, end of period excluding contracts 100% ceded 105.0 109.1  
Policyholder account values, end of period for contracts 100% ceded 28.0 25.5  
Amount of reserves above (below) policyholder account values 0.0  
Policyholder account balances 133.0 134.6  
Balance, end of period, reinsurance ceded (28.0) (25.5)  
Balance, end of period, net of reinsurance $ 105.0 $ 109.1  
Weighted average crediting rate 2.70% 2.40%  
Cash surrender value, net of reinsurance $ 105.0 $ 109.1  
Interest-sensitive life      
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded 1,321.8 1,255.2  
Issuances (funds collected from new business) 9.7 9.7  
Premiums received (premiums collected from inforce business) 55.0 52.4  
Policy charges (49.9) (48.2)  
Surrenders and withdrawals (10.0) (8.1)  
Benefit payments (6.5) (5.4)  
Interest credited 17.6 15.2  
Other (0.1) (0.1)  
Policyholder account values, end of period excluding contracts 100% ceded 1,337.6 1,270.7  
Policyholder account values, end of period for contracts 100% ceded 96.5 102.9  
Amount of reserves above (below) policyholder account values 5.3 22.8  
Policyholder account balances 1,439.4 1,396.4  
Balance, end of period, reinsurance ceded (114.4) (121.0)  
Balance, end of period, net of reinsurance $ 1,325.0 $ 1,275.4  
Weighted average crediting rate 5.40% 4.30%  
Cash surrender value, net of reinsurance $ 1,090.2 $ 1,027.7  
Funding agreements      
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded 3,021.2 1,411.0  
Issuances (funds collected from new business) 0.0 0.0  
Premiums received (premiums collected from inforce business) 0.0 0.0  
Policy charges 0.0 0.0  
Surrenders and withdrawals (419.8) (9.9)  
Benefit payments 0.0 0.0  
Interest credited 27.1 7.2  
Other 0.0 0.0  
Policyholder account values, end of period excluding contracts 100% ceded 2,628.5 1,408.3  
Policyholder account values, end of period for contracts 100% ceded 0.0 0.0  
Amount of reserves above (below) policyholder account values 0.0  
Policyholder account balances 2,628.5 1,408.3  
Balance, end of period, reinsurance ceded 0.0 0.0  
Balance, end of period, net of reinsurance $ 2,628.5 $ 1,408.3  
Weighted average crediting rate 4.10% 2.00%  
Cash surrender value, net of reinsurance $ 0.0 $ 0.0  
Other      
Policyholder Account Balance [Roll Forward]      
Policyholder account values, beginning of period excluding contracts 100% ceded 359.1 381.0  
Issuances (funds collected from new business) 0.0 0.0  
Premiums received (premiums collected from inforce business) 65.4 65.7  
Policy charges 0.0 0.0  
Surrenders and withdrawals (69.3) (74.5)  
Benefit payments 0.0 0.0  
Interest credited 0.6 0.7  
Other 0.0 0.0  
Policyholder account values, end of period excluding contracts 100% ceded 355.8 372.9  
Policyholder account values, end of period for contracts 100% ceded 10.0 10.3  
Amount of reserves above (below) policyholder account values 0.0  
Policyholder account balances 365.8 383.2  
Balance, end of period, reinsurance ceded (23.3) (24.0)  
Balance, end of period, net of reinsurance $ 342.5 $ 359.2  
Weighted average crediting rate 0.80% 0.80%  
Cash surrender value, net of reinsurance $ 342.5 $ 359.2