XML 18 R4.htm IDEA: XBRL DOCUMENT v3.25.3
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Insurance policy income $ 658.4 $ 645.0 $ 1,960.4 $ 1,914.9
Net investment income:        
General account assets 382.9 366.3 1,136.3 1,019.9
Policyholder and other special-purpose portfolios 116.8 87.6 158.6 312.3
Investment gains (losses):        
Realized investment losses (12.9) (13.1) (38.0) (49.4)
Other investment gains 9.9 14.3 9.8 41.2
Total investment gains (losses) (3.0) 1.2 (28.2) (8.2)
Fee revenue and other income 33.6 29.5 117.2 113.4
Total revenues 1,188.7 1,129.6 3,344.3 3,352.3
Benefits and expenses:        
Insurance policy benefits 702.1 731.0 1,930.5 1,942.0
Liability for future policy benefits remeasurement (gain) loss (30.8) 7.3 (55.8) (29.1)
Change in fair value of market risk benefits (12.4) (20.9) (8.0) (45.6)
Interest expense 56.6 68.0 177.7 192.4
Amortization of deferred acquisition costs and present value of future profits 69.9 64.0 205.9 185.9
Goodwill and other asset impairment 96.7 0.0 96.7 0.0
Gain on extinguishment of borrowings related to variable interest entities 0.0 0.0 (1.5) 0.0
Other operating costs and expenses 270.4 269.2 816.8 798.9
Total benefits and expenses 1,152.5 1,118.6 3,162.3 3,044.5
Income before income taxes 36.2 11.0 182.0 307.8
Income tax expense 13.1 1.7 45.6 69.9
Net income $ 23.1 $ 9.3 $ 136.4 $ 237.9
Basic:        
Weighted average shares outstanding (in shares) 96,603 105,101 98,639 107,265
Net income (in dollars per share) $ 0.24 $ 0.09 $ 1.38 $ 2.22
Diluted:        
Weighted average shares outstanding (in shares) 98,553 107,131 100,670 109,078
Net income (in dollars per share) $ 0.24 $ 0.09 $ 1.36 $ 2.18