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Reinsurance
9 Months Ended
Sep. 30, 2023
Insurance [Abstract]  
Reinsurance Reinsurance
The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. 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 earned276.7 18.7 8.0 266.0 
Benefits, claims and settlement expenses205.2 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 earned261.6 17.6 13.4 257.4 
Benefits, claims and settlement expenses170.9 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 earned812.3 57.2 27.5 782.6 
Benefits, claims and settlement expenses615.6 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 earned782.5 53.5 39.6 768.6 
Benefits, claims and settlement expenses564.9 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.