XML 73 R44.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Comprehensive Income (Loss) and Accumulated Other Comprehensive Income (Loss) (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Equity [Abstract] |
Schedule of Components of Comprehensive Income | The components of comprehensive income (loss) were as follows (in millions, 2022 and 2021 recast for the adoption of LDTI):
($ in millions) |  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Net income |  | $ | 45.0 |  |  | $ | 19.8 |  |  | $ | 170.4 |
Other comprehensive income (loss): |  |  |  |  |  |
Effect of adopting ASU 2018-12 |  | — |  |  | — |  |  | (426.6) |
Change in net unrealized investment gains (losses) on fixed maturity securities: |  |  |  |  |  |
Net unrealized investment gains (losses) on securities arising during the period |  | 133.9 |  |  | (1,042.6) |  |  | (122.8) |
Less: reclassification adjustment for net investment gains (losses) included in income before income tax |  | (20.3) |  |  | (29.1) |  |  | (7.7) |
Total, before tax |  | 154.2 |  |  | (1,013.5) |  |  | (115.1) |
Income tax expense (benefit) |  | 32.9 |  |  | (216.8) |  |  | (24.8) |
Total, net of tax |  | 121.3 |  |  | (796.7) |  |  | (90.3) |
Change in net reserve remeasurements attributable to discount rates: |  |  |  |  |  |
Total, before tax |  | (47.2) |  |  | 567.6 |  | 141.0 |
Income tax expense (benefit) |  | (10.1) |  |  | 121.7 |  |  | 30.2 |
Total, net of tax |  | (37.1) |  |  | 445.9 |  |  | 110.8 |
Change in net funded status of benefit plans: |  |  |  |  |  |
Total, before tax |  | 1.5 |  |  | 1.8 |  |  | 1.2 |
Income tax expense (benefit) |  | 0.3 |  |  | 0.4 |  |  | 0.2 |
Total, net of tax |  | 1.2 |  |  | 1.4 |  |  | 1.0 |
Total comprehensive income (loss) |  | $ | 130.4 |  |  | $ | (329.6) |  |  | $ | (234.7) |
Schedule of Accumulated Other Comprehensive Income (Loss) | The following table reconciles the components of AOCI for the periods indicated (2022 and 2021 recast for the adoption of LDTI)
($ in millions) |  | Net Unrealized Investment Gains (Losses) on Securities(1)(2) |  | Net Reserve Remeasurements Attributable to Discount Rates(1) |  | Net Funded Status of Benefit Plans(1) |  | Total(1)
Beginning balance, January 1, 2023 |  | $ | (449.6) |  |  | $ | 59.0 |  |  | $ | (8.8) |  |  | $ | (399.4) |
Other comprehensive income (loss) before reclassifications |  | 105.3 |  |  | (37.1) |  |  | 1.2 |  |  | 69.4 |
Amounts reclassified from AOCI |  | 16.0 |  |  | — |  |  | — |  |  | 16.0 |
Net current period other comprehensive income (loss) |  | 121.3 |  |  | (37.1) |  |  | 1.2 |  |  | 85.4 |
Ending balance, December 31, 2023 |  | $ | (328.3) |  |  | $ | 21.9 |  |  | $ | (7.6) |  |  | $ | (314.0) |
Beginning balance, January 1, 2022 |  | $ | 347.1 |  |  | $ | (386.9) |  |  | $ | (10.2) |  |  | $ | (50.0) |
Other comprehensive income (loss) before reclassifications |  | (819.7) |  |  | 445.9 |  | 1.4 |  |  | (372.4) |
Amounts reclassified from AOCI |  | 23.0 |  |  | — |  |  | — |  |  | 23.0 |
Net current period other comprehensive income (loss) |  | (796.7) |  |  | 445.9 |  |  | 1.4 |  |  | (349.4) |
Ending balance, December 31, 2022 |  | $ | (449.6) |  |  | $ | 59.0 |  |  | $ | (8.8) |  |  | $ | (399.4) |
Beginning balance, January 1, 2021 |  | $ | 366.3 |  |  | $ | — |  |  | $ | (11.2) |  |  | $ | 355.1 |
Effect of adopting ASU 2018-12 |  | 71.1 |  |  | (497.7) |  |  | — |  |  | (426.6) |
Other comprehensive income (loss) before reclassifications |  | (96.4) |  |  | 110.8 |  |  | 1.0 |  |  | 15.4 |
Amounts reclassified from AOCI |  | 6.1 |  |  | — |  |  | — |  |  | 6.1 |
Net current period other comprehensive income (loss) |  | (90.3) |  |  | 110.8 |  |  | 1.0 |  |  | 21.5 |
Ending balance, December 31, 2021 |  | $ | 347.1 |  |  | $ | (386.9) |  |  | $ | (10.2) |  |  | $ | (50.0) |
(1) All amounts are net of tax. (2) The pretax amounts reclassified from AOCI, $(20.3) million, $(29.1) million and $(7.7) million, are included in net investment gains (losses) and the related income tax expense (benefit), $(4.3) million, $(6.1) million and $(1.6) million, are included in income tax expense (benefit) in the Consolidated Statements of Operations and Comprehensive Income (Loss) for the years ended December 31, 2023, 2022 and 2021, respectively.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-14A Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481674/830-30-50-1 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 830 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481694/830-30-45-20 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Paragraph 1 -Section 45 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482790/220-10-45-1 + Details
Name: | us-gaap_ScheduleOfComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration