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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Sep. 30, 2025
Dec. 31, 2024
Investments:    
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: September 30, 2025 - $33.0 and December 31, 2024 - $37.1; amortized cost: September 30, 2025 - $25,219.3 and December 31, 2024 - $25,151.0) $ 23,405.3 $ 22,730.1
Equity securities at fair value 377.2 272.4
Mortgage loans (net of allowance for credit losses: September 30, 2025 - $21.0 and December 31, 2024 - $13.6) 3,042.7 2,506.3
Policy loans 141.2 135.3
Trading securities 296.9 304.2
Investments held by variable interest entities (net of allowance for credit losses: September 30, 2025 - $0.5 and December 31, 2024 - $1.3; amortized cost: September 30, 2025 - $298.6 and December 31, 2024 - $437.0) 296.8 433.8
Other invested assets 1,617.0 1,491.5
Total investments 29,177.1 27,873.6
Cash and cash equivalents - unrestricted 1,218.3 1,656.7
Cash and cash equivalents held by variable interest entities 23.3 341.0
Accrued investment income 282.0 286.4
Present value of future profits 147.8 161.0
Deferred acquisition costs 2,343.7 2,158.6
Reinsurance receivables (net of allowance for credit losses: September 30, 2025 - $1.0 and December 31, 2024 - $3.0) 3,731.7 3,854.7
Income tax assets, net 708.1 814.1
Assets held in separate accounts 2.7 3.3
Other assets 661.5 699.9
Total assets 38,296.2 37,849.3
Liabilities for insurance products:    
Policyholder account balances 18,290.3 17,594.2
Future policy benefits 11,975.5 11,705.5
Market risk benefit liability 52.6 60.0
Liability for life insurance policy claims 61.5 61.1
Unearned and advanced premiums 214.5 226.8
Liabilities related to separate accounts 2.7 3.3
Other liabilities 1,036.9 1,163.3
Investment borrowings 2,441.7 2,188.8
Borrowings related to variable interest entities 274.3 497.6
Notes payable – direct corporate obligations 1,335.2 1,833.5
Total liabilities 35,685.2 35,334.1
Commitments and Contingencies (Note 14)
Shareholders' equity:    
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: September 30, 2025 – 95,840,989; December 31, 2024 – 101,618,957) 1.0 1.0
Additional paid-in capital 1,389.4 1,632.5
Accumulated other comprehensive loss (1,118.9) (1,371.4)
Retained earnings 2,339.5 2,253.1
Total shareholders' equity 2,611.0 2,515.2
Total liabilities and shareholders' equity $ 38,296.2 $ 37,849.3