XML 35 R14.htm IDEA: XBRL DOCUMENT
v3.21.1

Reinsurance | 3 Months Ended
--- | ---
Mar. 31, 2021
Insurance [Abstract] |
Reinsurance | The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on premiums written and contract deposits; premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:
($ in millions) |  | Gross Amount |  | Ceded to Other Companies(1) |  | Assumed from Other Companies |  | Net Amount
Three months ended March 31, 2021 |  |  |  |  |  |  |  |
Premiums written and contract deposits(2) |  | $ | 320.6 |  |  | $ | 5.9 |  |  | $ | 1.5 |  |  | $ | 316.2 |
Premiums and contract charges earned |  | 234.2 |  |  | 8.4 |  |  | 1.8 |  |  | 227.6 |
Benefits, claims and settlement expenses |  | 135.6 |  |  | 2.5 |  |  | 1.2 |  |  | 134.3 |
Three months ended March 31, 2020 |  |  |  |  |  |  |  |
Premiums written and contract deposits(2) |  | $ | 333.7 |  |  | $ | 6.3 |  |  | $ | 1.4 |  |  | $ | 328.8 |
Premiums and contract charges earned |  | 243.2 |  |  | 8.4 |  |  | 1.5 |  |  | 236.3 |
Benefits, claims and settlement expenses |  | 139.5 |  |  | 1.9 |  |  | 1.1 |  |  | 138.7 |
(1) Excludes the annuity reinsurance transaction accounted for using the deposit method that is discussed in Note 4. (2) This measure is not based on accounting principles generally accepted in the United States of America (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as Exhibit 99.1 in the Company's reports filed with the SEC.

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

X
- Definition The entire disclosure pertaining to the existence, magnitude and information about insurance that has been ceded to or assumed from another insurance company, including the methodologies and assumptions used in determining recorded amounts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -URI http://asc.fasb.org/topic&trid=2303980 + Details
Name: | us-gaap_ReinsuranceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration