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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