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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Net premiums and contract charges earned $ 255.9 $ 255.8
Net investment income 100.4 97.9
Net investment losses (3.9) (15.5)
Other income 1.5 8.5
Total revenues 353.9 346.7
Benefits, losses and expenses    
Benefits, claims and settlement expenses 183.2 175.2
Interest credited 48.7 39.7
Operating expenses 79.8 76.7
DAC amortization expense 23.7 22.0
Intangible asset amortization expense 3.7 4.2
Interest expense 6.7 3.9
Total benefits, losses and expenses 345.8 321.7
Income before income taxes 8.1 25.0
Income tax expense 1.5 4.7
Net income $ 6.6 $ 20.3
Net income per share    
Basic (in usd per share) $ 0.16 $ 0.48
Diluted (in usd per share) $ 0.16 $ 0.48
Weighted average number of shares and equivalent shares    
Basic (in shares) 41.3 41.9
Diluted (in shares) 41.4 42.1
Statements of Comprehensive Income (Loss)    
Net income $ 6.6 $ 20.3
Other comprehensive income (loss), net of tax:    
Change in net unrealized investment losses on fixed maturity securities 93.2 (334.1)
Change in net reserve remeasurements attributable to discount rates (41.2) 181.5
Change in net funded status of benefit plans 0.0 0.0
Other comprehensive income (loss) 52.0 (152.6)
Comprehensive income (loss) $ 58.6 $ (132.3)