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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

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