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Acquisitions (Tables) | 12 Months Ended
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Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract] |
Summary of Assets Acquired and Liabilities Assumed | Based on the Company's final allocation of the purchase price, the fair value of the assets acquired and liabilities assumed were as follows:
($ in millions) |  |
Assets: |  |
Investments |  | $ | 90.4 |
Cash and short-term investments |  | 123.4 |
Reinsurance recoverable |  | 356.0 |
Intangible assets(1) |  | 59.4 |
Other assets |  | 23.2 |
Liabilities: |  |
Investment contract and policy reserves |  | 274.5 |
Unpaid claims and claim expenses |  | 48.2 |
Unearned premiums |  | 1.5 |
Other policyholder funds |  | 152.8 |
Other liabilities |  | 15.9 |
Total identifiable net assets acquired |  | 159.5 |
Goodwill(2) |  | 12.8 |
Purchase price |  | $ | 172.3 |
(1) Intangible assets consist of the value of business acquired, value of customer relationships and state licenses. The intangible assets that are amortizable have estimated lives of one to ten years at inception. See Note 7 for further information. (2) The amount of goodwill that is expected to be deductible for federal income tax purposes is $18.6 million

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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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