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Reinsurance (Tables) | 6 Months Ended
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Jun. 30, 2024
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 June 30, 2024 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 413.8 |  |  | $ | 18.1 |  |  | $ | 7.8 |  |  | $ | 403.5 |
Net premiums and contract charges earned |  | 293.1 |  |  | 19.8 |  |  | 7.6 |  |  | 280.9 |
Benefits, claims and settlement expenses |  | 213.0 |  |  | 10.2 |  |  | 4.5 |  |  | 207.3 |
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 |
Six months ended June 30, 2024 |  |  |  |  |  |  |  |
Net premiums written and contract deposits(2) |  | $ | 800.2 |  |  | $ | 36.2 |  |  | $ | 15.1 |  |  | $ | 779.1 |
Net premiums and contract charges earned |  | 581.1 |  |  | 39.6 |  |  | 14.6 |  |  | 556.1 |
Benefits, claims and settlement expenses |  | 399.9 |  |  | 24.8 |  |  | 8.5 |  |  | 383.6 |
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 |
(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/1943274/2147479032/944-605-50-1 + Details
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- References No definition available. + Details
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