XML 68 R47.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income from Investments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Investment Income, Net [Abstract] |
Net Investment Income | Net Investment Income for the years ended December 31, 2021, 2020 and 2019 was:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Investment Income: |  |  |  |  |  |
Interest on Fixed Income Securities |  | $ | 277.7 |  |  | $ | 289.8 |  |  | $ | 299.4 |
Dividends on Equity Securities Excluding Alternative Investments |  | 15.9 |  |  | 15.4 |  |  | 22.9 |
Alternative Investments: |  |  |  |  |  |
Equity Method Limited Liability Investments |  | 56.7 |  |  | 4.9 |  |  | 1.0 |
Limited Liability Investments Included in Equity Securities |  | 46.9 |  |  | 22.1 |  |  | 18.0 |
Total Alternative Investments |  | 103.6 |  |  | 27.0 |  |  | 19.0 |
Short-term Investments |  | 1.0 |  |  | 5.5 |  |  | 8.2 |
Loans to Policyholders |  | 21.7 |  |  | 22.1 |  |  | 22.6 |
Real Estate |  | 9.3 |  |  | 9.6 |  |  | 9.8 |
Other |  | 32.4 |  |  | 13.2 |  |  | 1.5 |
Total Investment Income |  | 461.6 |  |  | 382.6 |  |  | 383.4 |
Investment Expenses: |  |  |  |  |  |
Real Estate |  | 9.7 |  |  | 8.8 |  |  | 9.6 |
Other Investment Expenses |  | 24.6 |  |  | 25.6 |  |  | 9.5 |
Total Investment Expenses |  | 34.3 |  |  | 34.4 |  |  | 19.1 |
Net Investment Income |  | $ | 427.3 |  |  | $ | 348.2 |  |  | $ | 364.3 |
Other Receivables includes accrued investment income of $79.6 million and $77.1 million at December 31, 2021 and 2020, respectively.
Realized Gain (Loss) on Investments | The components of Net Realized Gains on Sales of Investments for the years ended December 31, 2021, 2020 and 2019 were:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Fixed Maturities: |  |  |  |  |  |
Gains on Sales |  | $ | 63.4 |  |  | $ | 40.6 |  |  | $ | 41.1 |
Losses on Sales |  | (2.1) |  |  | (7.9) |  |  | (4.8) |
Equity Securities: |  |  |  |  |  |
Gains on Sales |  | 4.1 |  |  | 5.9 |  |  | 5.8 |
Losses on Sales |  | (0.7) |  |  | (1.9) |  |  | (0.2) |
Equity Method Limited Liability Investments: |  |  |  |  |  |
Gains on Sales |  | 0.4 |  |  | — |  |  | — |
Losses on Sales |  | — |  |  | (0.4) |  |  | — |
Real Estate: |  |  |  |  |  |
Gains on Sales |  | 0.1 |  |  | 1.8 |  |  | — |
Losses on Sales |  | (0.4) |  |  | — |  |  | — |
Net Realized Gains on Sales of Investments |  | $ | 64.8 |  |  | $ | 38.1 |  |  | $ | 41.9 |
Gross Gains on Sales |  | $ | 68.0 |  |  | $ | 48.3 |  |  | $ | 46.9 |
Gross Losses on Sales |  | (3.2) |  |  | (10.2) |  |  | (5.0) |
Net Realized Gains on Sales of Investments |  | $ | 64.8 |  |  | $ | 38.1 |  |  | $ | 41.9 |
Other than Temporary Impairment, Credit Losses Recognized in Earnings | The components of Impairment Losses reported in the Consolidated Statements of Income for the years ended December 31, 2021, 2020 and 2019 were:
DOLLARS IN MILLIONS |  | 2021 |  | 2020 |  | 2019
Fixed Maturities |  | $ | (6.4) |  |  | $ | (16.7) |  |  | $ | (13.3) |
Equity Securities |  | (4.2) |  |  | (2.8) |  |  | (0.5) |
Real Estate |  | (0.4) |  |  | — |  |  | — |
Net Impairment Losses Recognized in Earnings |  | $ | (11.0) |  |  | $ | (19.5) |  |  | $ | (13.8) |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentIncomeNetAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investment income, including, but not limited to, interest and dividend income and amortization of discount (premium) derived from debt and equity securities. Excludes realized and unrealized gain (loss) on investments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.9) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.2) -URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.7(a),(b)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.8) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
Name: | us-gaap_InvestmentIncomeTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amount of other than temporary impairment (OTTI) related to credit losses recognized in earnings including: (a) the beginning balance of the amount related to credit losses on debt securities held by the investor at the beginning of the period for which a portion of an OTTI was recognized in other comprehensive income; (b) additions for the amount related to the credit loss for which an OTTI was not previously recognized; (c) reductions for securities sold during the period (realized); (d) reductions for securities for which the amount previously recognized in other comprehensive income was recognized in earnings because the investor intends to sell the security or more likely than not will be required to sell the security before recovery of its amortized cost basis; (e) additional increases to the amount related to the credit loss for which an OTTI was previously recognized when the investor does not intend to sell the security and it is not more likely than not that the investor will be required to sell the security before recovery of its amortized cost basis; (f) reductions for increases in cash flows expected to be collected that are recognized over the remaining life of the security; and (g) the ending balance of the amount related to credit losses on debt securities held by the entity at the end of the period for which a portion of an OTTI was recognized in other comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=123581744&loc=d3e27340-111563 + Details
Name: | us-gaap_OtherThanTemporaryImpairmentCreditLossesRecognizedInEarningsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of realized gains and losses on investments reported in the statement of income. + References No definition available. + Details
Name: | us-gaap_RealizedGainLossOnInvestmentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration