XML 45 R31.htm IDEA: XBRL DOCUMENT
v3.25.3

DEFERRED ACQUISITION COSTS, PRESENT VALUE OF FUTURE PROFITS AND SALES INDUCEMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Deferred Charges, Insurers [Abstract] |
Schedule of Deferred Policy Acquisition Costs | Changes in deferred acquisition costs were as follows (dollars in millions):
|  | Nine months ended
|  | September 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 |  | 81.7 |  |  | 9.1 |  |  | 53.7 |  |  | 21.7 |  |  | 22.6 |  |  | 28.1 |  |  | 111.4 |  |  | 1.8 |  |  | 330.1 |
Amortization expense |  | (47.8) |  |  | (4.8) |  |  | (27.9) |  |  | (18.6) |  |  | (11.7) |  |  | (12.5) |  |  | (51.1) |  |  | (2.4) |  |  | (176.8) |
End of period |  | $ | 483.9 |  |  | $ | 40.2 |  |  | $ | 463.9 |  |  | $ | 160.5 |  |  | $ | 159.5 |  |  | $ | 271.6 |  |  | $ | 589.8 |  |  | $ | 9.3 |  |  | $ | 2,178.7 |
|  | Nine months ended
|  | September 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 |  | 72.7 |  |  | 9.4 |  |  | 47.2 |  |  | 19.3 |  |  | 16.2 |  |  | 28.0 |  |  | 88.1 |  |  | 5.5 |  |  | 286.4 |
Amortization expense |  | (41.7) |  |  | (3.6) |  |  | (25.7) |  |  | (19.9) |  |  | (11.0) |  |  | (11.6) |  |  | (44.3) |  |  | (1.5) |  |  | (159.3) |
End of period |  | $ | 438.6 |  |  | $ | 32.8 |  |  | $ | 429.5 |  |  | $ | 156.9 |  |  | $ | 145.5 |  |  | $ | 250.9 |  |  | $ | 515.7 |  |  | $ | 8.5 |  |  | $ | 1,978.4 |
Schedule of Present Value of Future Insurance Profits | Changes in the present value of future profits were as follows (dollars in millions):
|  | Nine months ended
|  | September 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 |  | (8.7) |  |  | (2.8) |  |  | (0.5) |  |  | (1.1) |  |  | — |  |  | (0.1) |  |  | (13.2) |
End of period |  | $ | 120.1 |  |  | $ | 12.9 |  |  | $ | 3.9 |  |  | $ | 10.2 |  |  | $ | 0.5 |  |  | $ | 0.2 |  |  | $ | 147.8 |
|  | Nine months ended
|  | September 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 |  | (9.3) |  |  | (3.8) |  |  | (0.6) |  |  | (1.2) |  |  | (0.1) |  |  | — |  |  | (15.0) |
End of period |  | $ | 131.7 |  |  | $ | 16.8 |  |  | $ | 4.6 |  |  | $ | 11.7 |  |  | $ | 0.6 |  |  | $ | 0.3 |  |  | $ | 165.7 |
Schedule of Deferred Sale Inducement Cost | Changes in sales inducements were as follows (dollars in millions):
|  | Nine months ended
|  | September 30, 2025
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Total
Beginning of period |  | $ | 128.1 |  |  | $ | 5.1 |  |  | $ | 133.2 |
Capitalizations |  | 45.8 |  |  | 1.9 |  |  | 47.7 |
Amortization expense |  | (15.1) |  |  | (0.8) |  |  | (15.9) |
End of period |  | $ | 158.8 |  |  | $ | 6.2 |  |  | $ | 165.0 |
|  | Nine months ended
|  | September 30, 2024
|  | Fixed indexed annuities |  | Fixed interest annuities |  | Total
Beginning of period |  | $ | 88.5 |  |  | $ | 4.6 |  |  | $ | 93.1 |
Capitalizations |  | 40.1 |  |  | 0.9 |  |  | 41.0 |
Amortization expense |  | (10.9) |  |  | (0.7) |  |  | (11.6) |
End of period |  | $ | 117.7 |  |  | $ | 4.8 |  |  | $ | 122.5 |

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