XML 43 R30.htm IDEA: XBRL DOCUMENT
v3.25.2

DEFERRED ACQUISITION COSTS, PRESENT VALUE OF FUTURE PROFITS AND SALES INDUCEMENTS (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2025
Deferred Charges, Insurers [Abstract] |
Schedule of Deferred Policy Acquisition Costs | Changes in deferred acquisition costs were as follows (dollars in millions):
|  | Six months ended
|  | June 30, 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 |  | 54.6 |  |  | 6.6 |  |  | 35.4 |  |  | 14.6 |  |  | 14.6 |  |  | 18.1 |  |  | 68.6 |  |  | — |  |  | 212.5 |
Amortization expense |  | (31.5) |  |  | (3.2) |  |  | (18.6) |  |  | (12.5) |  |  | (7.7) |  |  | (8.3) |  |  | (33.3) |  |  | (1.6) |  |  | (116.7) |
End of period |  | $ | 473.1 |  |  | $ | 39.3 |  |  | $ | 454.9 |  |  | $ | 159.5 |  |  | $ | 155.5 |  |  | $ | 265.8 |  |  | $ | 564.8 |  |  | $ | 8.3 |  |  | $ | 2,121.2 |
|  | Six months ended
|  | June 30, 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 |  | 46.6 |  |  | 5.9 |  |  | 30.5 |  |  | 12.7 |  |  | 10.5 |  |  | 18.8 |  |  | 59.6 |  |  | 3.1 |  |  | 187.7 |
Amortization expense |  | (26.9) |  |  | (2.3) |  |  | (17.0) |  |  | (13.3) |  |  | (7.3) |  |  | (7.6) |  |  | (29.0) |  |  | (0.9) |  |  | (104.3) |
End of period |  | $ | 427.3 |  |  | $ | 30.6 |  |  | $ | 421.5 |  |  | $ | 156.9 |  |  | $ | 143.5 |  |  | $ | 245.7 |  |  | $ | 502.5 |  |  | $ | 6.7 |  |  | $ | 1,934.7 |
Schedule of Present Value of Future Insurance Profits | Changes in the present value of future profits were as follows (dollars in millions):
|  | Six months ended
|  | June 30, 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 |  | (5.8) |  |  | (1.9) |  |  | (0.4) |  |  | (0.7) |  |  | (0.1) |  |  | — |  |  | (8.9) |
End of period |  | $ | 123.0 |  |  | $ | 13.8 |  |  | $ | 4.0 |  |  | $ | 10.6 |  |  | $ | 0.4 |  |  | $ | 0.3 |  |  | $ | 152.1 |
|  | Six months ended
|  | June 30, 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 |  | (6.3) |  |  | (2.7) |  |  | (0.4) |  |  | (0.8) |  |  | (0.1) |  |  | — |  |  | (10.3) |
End of period |  | $ | 134.7 |  |  | $ | 17.9 |  |  | $ | 4.8 |  |  | $ | 12.1 |  |  | $ | 0.6 |  |  | $ | 0.3 |  |  | $ | 170.4 |
Schedule of Deferred Sale Inducement Cost | Changes in sales inducements were as follows (dollars in millions):
|  | Six months ended
|  | June 30, 2025
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Total
Beginning of period |  | $ | 128.1 |  |  | $ | 5.1 |  |  | $ | 133.2 |
Capitalizations |  | 31.2 |  |  | 1.1 |  |  | 32.3 |
Amortization expense |  | (9.9) |  |  | (0.5) |  |  | (10.4) |
End of period |  | $ | 149.4 |  |  | $ | 5.7 |  |  | $ | 155.1 |
|  | Six months ended
|  | June 30, 2024
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Total
Beginning of period |  | $ | 88.5 |  |  | $ | 4.6 |  |  | $ | 93.1 |
Capitalizations |  | 26.1 |  |  | 0.6 |  |  | 26.7 |
Amortization expense |  | (6.8) |  |  | (0.5) |  |  | (7.3) |
End of period |  | $ | 107.8 |  |  | $ | 4.7 |  |  | $ | 112.5 |

X
- References No definition available. + Details
Name: | us-gaap_DeferredChargesInsurersAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the movement in deferred policy acquisition costs. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 40 -Name Accounting Standards Codification -Section 65 -Paragraph 2 -Subparagraph (g)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480016/944-40-65-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479401/944-30-55-2 + Details
Name: | us-gaap_DeferredPolicyAcquisitionCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of deferred sale inducement cost. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479432/944-30-50-2B + Details
Name: | us-gaap_DeferredSalesInducementsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of amount of amortization expense expected to be recorded in succeeding fiscal years for present value of future profits of insurance contract acquired in business combination. + References No definition available. + Details
Name: | us-gaap_PresentValueOfFutureInsuranceProfitsExpectedAmortizationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration