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v3.23.2

Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2023
Insurance [Abstract] |
Effects of reinsurance on premiums and benefits | The effects of reinsurance on net premiums written and contract deposits; net premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:
($ in millions) |  | Direct Amount |  | Ceded to Other Companies(1) |  | Assumed from Other Companies |  | Net Amount
Three months ended June 30, 2023 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 394.7 |  |  | $ | 17.9 |  |  | $ | 9.4 |  |  | $ | 386.2 |
Net premiums and contract charges earned |  | 271.6 |  |  | 20.0 |  |  | 9.1 |  |  | 260.7 |
Benefits, claims and settlement expenses |  | 217.5 |  |  | 14.3 |  |  | 2.0 |  |  | 205.2 |
Three months ended June 30, 2022 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 375.1 |  |  | $ | 16.5 |  |  | $ | 13.7 |  |  | $ | 372.3 |
Net premiums and contract charges earned |  | 260.5 |  |  | 18.7 |  |  | 13.6 |  |  | 255.4 |
Benefits, claims and settlement expenses |  | 212.4 |  |  | 18.5 |  |  | 9.5 |  |  | 203.4 |
Six months ended June 30, 2023 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 762.5 |  |  | $ | 34.5 |  |  | $ | 19.8 |  |  | $ | 747.8 |
Net premiums and contract charges earned |  | 535.6 |  |  | 38.5 |  |  | 19.5 |  |  | 516.6 |
Benefits, claims and settlement expenses |  | 410.4 |  |  | 27.0 |  |  | 5.0 |  |  | 388.4 |
Six months ended June 30, 2022 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 735.9 |  |  | $ | 31.3 |  |  | $ | 26.1 |  |  | $ | 730.7 |
Net premiums and contract charges earned |  | 520.9 |  |  | 35.9 |  |  | 26.2 |  |  | 511.2 |
Benefits, claims and settlement expenses |  | 394.0 |  |  | 25.7 |  |  | 10.3 |  |  | 378.6 |
(1) Excludes the annuity reinsurance transaction accounted for using the deposit method. (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.

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- Definition Tabular disclosure of the effects of reinsurance, for example, but not limited to, disclosure of direct, assumed, and ceded insurance. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 605 -Topic 944 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479655/944-605-50-1 + Details
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- References No definition available. + Details
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