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DEFERRED ACQUISITION COSTS, PRESENT VALUE OF FUTURE PROFITS AND SALES INDUCEMENTS (Tables)

3 Months Ended

Mar. 31, 2026

Deferred Charges, Insurers [Abstract]

Schedule of Deferred Policy Acquisition Costs

Changes in deferred acquisition costs were as follows (dollars in millions):


						Three months ended
						March 31, 2026
						Fixed indexed annuities						Fixed interest annuities						Supplemental health						Medicare supplement						Long-term care						Interest-sensitive life						Traditional life						Funding agreements						Total
Beginning of period						$	497.4					$	41.8					$	473.5					$	162.9					$	165.3					$	277.5					$	592.2					$	10.1					$	2,220.7
Capitalizations						25.4						2.3						17.7						10.3						8.3						9.4						26.9						0.3						100.6
Amortization expense						(17.3)						(1.7)						(10.0)						(6.2)						(4.2)						(4.6)						(18.7)						(1.1)						(63.8)
End of period						$	505.5					$	42.4					$	481.2					$	167.0					$	169.4					$	282.3					$	600.4					$	9.3					$	2,257.5


						Three months ended
						March 31, 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						24.6						3.5						17.9						7.2						6.9						8.5						30.7						—						99.3
Amortization expense						(15.6)						(1.6)						(9.2)						(6.3)						(3.8)						(4.1)						(16.4)						(0.8)						(57.8)
End of period						$	459.0					$	37.8					$	446.8					$	158.3					$	151.7					$	260.4					$	543.8					$	9.1					$	2,066.9

Schedule of Present Value of Future Insurance Profits

Changes in the present value of future profits were as follows (dollars in millions):


			Three months ended
			March 31, 2026
			Supplemental health						Medicare supplement						Long-term care						Traditional life						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period			$	117.4					$	12.0					$	3.7					$	9.9					$	0.4					$	0.2					$	143.6

Amortization expense			(2.8)						(0.8)						(0.2)						(0.3)						—						—						(4.1)
End of period			$	114.6					$	11.2					$	3.5					$	9.6					$	0.4					$	0.2					$	139.5


			Three months ended
			March 31, 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			(2.9)						(1.0)						(0.2)						(0.4)						—						—						(4.5)
End of period			$	125.9					$	14.7					$	4.2					$	10.9					$	0.5					$	0.3					$	156.5

Schedule of Deferred Sale Inducement Cost

Changes in sales inducements were as follows (dollars in millions):


						Three months ended
						March 31, 2026
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	170.1					$	6.5					$	176.6
Capitalizations						13.0						0.5						13.5
Amortization expense						(6.0)						(0.3)						(6.3)
End of period						$	177.1					$	6.7					$	183.8


						Three months ended
						March 31, 2025
						Fixed indexed annuities						Fixed interest annuities						Total
Beginning of period						$	128.1					$	5.1					$	133.2
Capitalizations						14.3						0.6						14.9
Amortization expense						(4.8)						(0.3)						(5.1)
End of period						$	137.6					$	5.4					$	143.0