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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Net premiums and contract charges earned $ 255.8 $ 225.8 $ 511.7 $ 453.4
Net investment income 105.2 109.2 203.1 204.7
Net investment gains (losses) (15.5) 4.9 (31.0) (4.1)
Other income 0.8 7.2 9.3 15.1
Total revenues 346.3 347.1 693.1 669.1
Benefits, losses and expenses        
Benefits, claims and settlement expenses 207.6 147.1 384.6 281.4
Interest credited 42.4 51.2 83.2 101.8
Operating expenses 77.3 60.5 154.1 118.5
DAC unlocking and amortization expense 27.0 23.5 53.4 47.6
Intangible asset amortization expense 4.2 3.2 8.4 6.5
Interest expense 4.3 3.5 8.2 7.0
Total benefits, losses and expenses 362.8 289.0 691.9 562.8
Income (loss) before income taxes (16.5) 58.1 1.2 106.3
Income tax expense (benefit) (4.0) 11.4 (0.8) 20.3
Net income (loss) $ (12.5) $ 46.7 $ 2.0 $ 86.0
Net income (loss) per share        
Basic (in usd per share) $ (0.30) $ 1.11 $ 0.05 $ 2.05
Diluted (in usd per share) $ (0.30) $ 1.11 $ 0.05 $ 2.04
Weighted average number of shares and equivalent shares        
Basic (in shares) 41.8 42.0 41.8 42.0
Diluted (in shares) 41.8 42.1 42.0 42.1
Net income (loss) $ (12.5) $ 46.7 $ 2.0 $ 86.0
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment gains (losses) on fixed maturity securities (240.4) 88.6 (511.1) (34.1)
Change in net funded status of benefit plans 0.0 0.0 0.0 0.0
Other comprehensive income (loss) (240.4) 88.6 (511.1) (34.1)
Comprehensive income (loss) $ (252.9) $ 135.3 $ (509.1) $ 51.9