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v3.25.2

Other Comprehensive Income and Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Jun. 30, 2025
Statement of Comprehensive Income [Abstract] |
Schedule of Comprehensive Income | The tables below display the changes in Accumulated Other Comprehensive Loss by component for the three months ended June 30, 2025 and 2024.
(Dollars in Millions) |  | Net Unrealized Losses on Fixed Maturities |  | Net Unrealized Losses on Investments with an Allowance for Credit Losses |  | Net Unrecognized Postretirement Benefit Income |  | Gain (Loss) on Cash Flow Hedges |  | Change in Discount Rate on Future Life Policyholder Benefits |  | Total
Balance as of March 31, 2025 |  | $ | (633.1) |  |  | $ | (2.2) |  |  | $ | 8.0 |  |  | $ | — |  |  | $ | 366.0 |  |  | $ | (261.3) |
Other Comprehensive Income (Loss) Before Reclassifications |  | 2.8 |  |  | 2.5 |  |  | — |  |  | (1.6) |  |  | 4.0 |  |  | 7.7 |
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax (Benefit) Expense of $(0.4), $(0.7), $(0.2), $0.1, $0.0 and $(1.2) |  | (1.4) |  |  | (2.5) |  |  | (0.4) |  |  | 0.2 |  |  | — |  |  | (4.1) |
Other Comprehensive Income (Loss) Net of Tax Expense (Benefit) of $0.4, $0.0, $(0.2), $(0.3), $1.1, and $1.0 |  | 1.4 |  |  | — |  |  | (0.4) |  |  | (1.4) |  |  | 4.0 |  |  | 3.6 |
Balance as of June 30, 2025 |  | $ | (631.7) |  |  | $ | (2.2) |  |  | $ | 7.6 |  |  | $ | (1.4) |  |  | $ | 370.0 |  |  | $ | (257.7) |
(Dollars in Millions) |  | Net Unrealized Losses on Fixed Maturities |  | Net Unrealized Losses on Investments with an Allowance for Credit Losses |  | Net Unrecognized Postretirement Benefit Costs |  | Gain (Loss) on Cash Flow Hedges |  | Change in Discount Rate on Future Life Policyholder Benefits |  | Total
Balance as of March 31, 2024 |  | $ | (617.2) |  |  | $ | (1.1) |  |  | $ | 8.7 |  |  | $ | 2.5 |  |  | $ | 272.1 |  |  | $ | (335.0) |
Other Comprehensive (Loss) Income Before Reclassifications |  | (61.4) |  |  | (2.3) |  |  | — |  |  | (2.8) |  |  | 85.9 |  |  | 19.4 |
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Benefit of $(0.3), $0.0,$(0.4), $0.0, $0.0, and $(0.7) |  | (1.0) |  |  | (0.3) |  |  | (0.4) |  |  | — |  |  | — |  |  | (1.7) |
Other Comprehensive (Loss) Income Net of Tax (Benefit) Expense of $(16.8), $(0.4), $(0.4), $(0.8) $22.9 and $4.5 |  | (62.4) |  |  | (2.6) |  |  | (0.4) |  |  | (2.8) |  |  | 85.9 |  |  | 17.7 |
Balance as of June 30, 2024 |  | $ | (679.6) |  |  | $ | (3.7) |  |  | $ | 8.3 |  |  | $ | (0.3) |  |  | $ | 358.0 |  |  | $ | (317.3) |
The tables below display the changes in Accumulated Other Comprehensive Loss by component for the six months ended June 30, 2025 and 2024.
(Dollars in Millions) |  | Net Unrealized Losses on Fixed Maturities |  | Net Unrealized Losses on Investments with an Allowance for Credit Losses |  | Net Unrecognized Postretirement Benefit Income |  | Loss on Cash Flow Hedges |  | Change in Discount Rate on Future Life Policyholder Benefits |  | Total
Balance as of January 1, 2025 |  | $ | (687.8) |  |  | $ | (3.2) |  |  | $ | 8.4 |  |  | $ | (2.2) |  |  | $ | 380.3 |  |  | (304.5) |
Other Comprehensive Income (Loss) Before Reclassifications |  | 56.0 |  |  | 4.8 |  |  | — |  |  | 0.8 |  |  | (10.3) |  |  | 51.3 |
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Benefit of $0.0, $(1.0), $(0.3), $0.0, $0.0 and $(1.3) |  | 0.1 |  |  | (3.8) |  |  | (0.8) |  |  | — |  |  | — |  |  | (4.5) |
Other Comprehensive Income (Loss) Net of Tax Expense (Benefit) of $14.9, $0.3, $(0.3), $(0.4), $(2.7), and $11.8 |  | 56.1 |  |  | 1.0 |  |  | (0.8) |  |  | 0.8 |  |  | (10.3) |  |  | 46.8 |
Balance as of June 30, 2025 |  | $ | (631.7) |  |  | $ | (2.2) |  |  | $ | 7.6 |  |  | $ | (1.4) |  |  | $ | 370.0 |  |  | $ | (257.7) |
(Dollars in Millions) |  | Net Unrealized Losses on Fixed Maturities |  | Net Unrealized Losses on Investments with an Allowance for Credit Losses |  | Net Unrecognized Postretirement Benefit Costs |  | Loss on Cash Flow Hedges |  | Change in Discount Rate on Future Life Policyholder Benefits |  | Total
Balance as of January 1, 2024 |  | $ | (530.9) |  |  | $ | (2.5) |  |  | $ | 9.5 |  |  | $ | 2.5 |  |  | $ | 160.6 |  |  | $ | (360.8) |
Other Comprehensive (Loss) Income Before Reclassifications |  | (157.5) |  |  | (0.7) |  |  | — |  |  | (2.8) |  |  | 197.4 |  |  | 36.4 |
Amounts Reclassified from Accumulated Other Comprehensive Loss Net of Tax Expense (Benefit) of $2.3, $(0.2), $(0.5), $0.0, $0.0 and $1.6 |  | 8.8 |  |  | (0.5) |  |  | (1.2) |  |  | — |  |  | — |  |  | 7.1 |
Other Comprehensive (Loss) Income Net of Tax (Benefit) Expense of $(39.5), $(0.5), $(0.5), $(0.8), $52.5, and $11.2 |  | (148.7) |  |  | (1.2) |  |  | (1.2) |  |  | (2.8) |  |  | 197.4 |  |  | 43.5 |
Balance as of June 30, 2024 |  | $ | (679.6) |  |  | $ | (3.7) |  |  | $ | 8.3 |  |  | $ | (0.3) |  |  | $ | 358.0 |  |  | $ | (317.3) |
Amounts reclassified from Accumulated Other Comprehensive Loss shown above are reported in Net Income as follows:
Components of AOCI | Condensed Consolidated Statements of Income Line Item Affected by Reclassifications
Net Unrealized Losses on Fixed Maturities | Net Realized Investment (Losses) Gains
Net Unrealized Losses on Investments with an Allowance for Credit Losses | Impairment Losses and Net Realized Investment (Losses) Gains
Net Unrecognized Postretirement Benefit Costs | Policyholders’ Benefits and Incurred Losses and Loss Adjustment Expenses, Insurance and Other Expenses, and Interest Expense
Loss on Cash Flow Hedges | Net Investment Income and Interest Expense

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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482790/220-10-45-1 + Details
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