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v3.23.3

Reinsurance (Tables) | 9 Months Ended
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Sep. 30, 2023
Insurance [Abstract] |
Schedule of 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 September 30, 2023 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 424.0 |  |  | $ | 16.5 |  |  | $ | 8.4 |  |  | $ | 415.9 |
Net premiums and contract charges earned |  | 276.7 |  |  | 18.7 |  |  | 8.0 |  |  | 266.0 |
Benefits, claims and settlement expenses |  | 205.2 |  |  | 9.1 |  |  | 3.1 |  |  | 199.2 |
Three months ended September 30, 2022 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 391.2 |  |  | $ | 15.4 |  |  | $ | 13.4 |  |  | $ | 389.2 |
Net premiums and contract charges earned |  | 261.6 |  |  | 17.6 |  |  | 13.4 |  |  | 257.4 |
Benefits, claims and settlement expenses |  | 170.9 |  |  | 8.3 |  |  | 4.6 |  |  | 167.1 |
Nine months ended September 30, 2023 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 1,186.5 |  |  | $ | 51.0 |  |  | $ | 28.2 |  |  | $ | 1,163.7 |
Net premiums and contract charges earned |  | 812.3 |  |  | 57.2 |  |  | 27.5 |  |  | 782.6 |
Benefits, claims and settlement expenses |  | 615.6 |  |  | 36.1 |  |  | 8.1 |  |  | 587.6 |
Nine months ended September 30, 2022 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 1,127.1 |  |  | $ | 46.7 |  |  | $ | 39.5 |  |  | $ | 1,119.9 |
Net premiums and contract charges earned |  | 782.5 |  |  | 53.5 |  |  | 39.6 |  |  | 768.6 |
Benefits, claims and settlement expenses |  | 564.9 |  |  | 34.1 |  |  | 14.9 |  |  | 545.7 |
(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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