Insurance Liabilities (Tables)

12 Months Ended

Dec. 31, 2019

Contractholder Funds (Table)

	December 31,
	2019		2018
	(in millions)
Liabilities for investment contracts:
Liabilities for individual annuities	$	13,457.5	$	12,913.9
GICs		10,423.5		10,321.7
Funding agreements		8,640.6		7,729.5
Other investment contracts		1,596.7		1,652.2
Total liabilities for investment contracts		34,118.3		32,617.3
Universal life and other reserves		7,249.2		7,082.4
Total contractholder funds	$	41,367.5	$	39,699.7

Liability for Unpaid Claims (Table)

	For the year ended December 31,
	2019		2018		2017
	(in millions)
Balance at beginning of year	$	2,252.7	$	2,130.5	$	2,001.3
Less: reinsurance recoverable		404.3		375.8		340.3
Net balance at beginning of year		1,848.4		1,754.7		1,661.0
Incurred:
Current year		1,361.3		1,268.8		1,196.6
Prior years		0.8		0.3		18.2
Total incurred		1,362.1		1,269.1		1,214.8
Payments:
Current year		869.4		815.7		767.2
Prior years		379.4		359.7		353.9
Total payments		1,248.8		1,175.4		1,121.1
Net balance at end of year		1,961.7		1,848.4		1,754.7
Plus: reinsurance recoverable		403.8		404.3		375.8
Balance at end of year	$	2,365.5	$	2,252.7	$	2,130.5
Amounts not included in the rollforward above:
Claim adjustment expense liabilities	$	57.9	$	54.6	$	50.7

Reconciliation of unpaid claims to liability for unpaid claims (Table)

	December 31, 2019
			Dental, Vision, STD,
	LTD and Group Life		Critical Illness and
	Waiver		Accident		Group Life		Consolidated
	(in millions)
Net outstanding liabilities for unpaid claims	$	1,188.5	$	71.2	$	49.5	$	1,309.2
Reconciling items:
Reinsurance recoverable on unpaid claims		56.4		—		0.9		57.3
Impact of discounting		(215.0)		—		—		(215.0)
Liability for unpaid claims - short-duration contracts	$	1,029.9	$	71.2	$	50.4		1,151.5
Insurance contracts other than short-duration								1,214.0
Liability for unpaid claims							$	2,365.5

Claim Duration and Payout (Table)

	December 31, 2019 (1)
			Dental, Vision, STD,
	LTD and Group Life		Critical Illness and		Group
Year	Waiver		Accident		Life
1	7.6	%	91.7	%	81.7	%
2	24.2		8.0		17.0
3	14.9
4	8.1
5	5.6
6	5.3
7	4.2
8	3.9
9	3.5
10	3.1

(1) Unaudited.

Discounting (Table)

						Dental, Vision, STD,
	LTD and Group Life					Critical Illness and
	Waiver					Accident					Group Life
	($ in millions)
Carrying amount of liabilities for unpaid claims
December 31, 2019	$			1,029.9		$			71.2		$			50.4
December 31, 2018				1,020.0					59.3					49.7
Range of discount rates
December 31, 2019		3.3	-	7.0	%		—	-	—	%		—	-	—	%
December 31, 2018		3.3	-	7.0			—	-	—			—	-	—
Aggregate amount of discount
December 31, 2019	$			215.0		$			—		$			—
December 31, 2018				217.7					—					—
Interest accretion
For the year ended:
December 31, 2019	$			34.2		$			—		$			—
December 31, 2018				34.5					—					—
December 31, 2017				35.0					—					—

Long-Term Disability/Group Life Waiver

Claims Development (Table)

																					Incurred		Cumulative
																					but not		number of
																					reported		reported
	Net incurred claims (1)																				claims		claims
	December 31,
	2010		2011		2012		2013		2014		2015		2016		2017		2018		2019		2019		2019
	($ in millions)
Incurral year
2010	$	184.1	$	176.7	$	176.2	$	172.0	$	162.7	$	155.7	$	154.1	$	153.4	$	152.1	$	151.8	$	0.1	5,649
2011				203.7		192.6		185.4		184.8		178.4		172.3		169.6		167.6		166.5		0.1	6,290
2012						217.9		200.0		191.1		189.5		181.8		174.8		173.3		171.9		0.1	6,444
2013								219.3		203.3		188.4		190.7		182.3		179.5		177.1		0.1	7,050
2014										242.2		231.4		214.4		218.1		206.2		201.9		0.1	7,596
2015												231.0		227.2		217.2		215.3		208.2		0.1	7,174
2016														229.8		228.4		219.4		219.5		5.4	6,161
2017																238.4		239.7		243.1		8.0	6,053
2018																		239.4		245.1		3.8	5,668
2019																				255.2		104.6	3,472
Total net incurred claims																			$	2,040.3

	Net cumulative paid claims (1)
	December 31,
	2010		2011		2012		2013		2014		2015		2016		2017		2018		2019
	(in millions)
Incurral year
2010	$	10.4	$	46.5	$	67.1	$	78.4	$	85.9	$	94.2	$	100.9	$	107.2	$	112.1	$	116.7
2011				11.2		50.0		72.5		85.7		95.4		105.2		112.6		119.3		125.4
2012						13.8		55.1		80.8		93.7		104.6		112.9		120.0		126.1
2013								12.5		55.0		81.4		97.0		106.4		116.4		123.2
2014										16.1		66.0		96.3		111.8		122.3		132.4
2015												16.9		67.0		98.0		114.6		126.8
2016														16.2		70.6		105.6		124.9
2017																17.8		76.5		115.0
2018																		20.1		79.9
2019																				19.2
Total net paid claims																				1,089.6
All outstanding liabilities for unpaid claims prior to 2010 net of reinsurance																				237.8
Total outstanding liabilities for unpaid claims net of reinsurance																			$	1,188.5

(1) 2010-2018 unaudited.

Dental/Vision/Short-Term Disability/Critical Illness/Accident

Claims Development (Table)

					Incurred		Cumulative
					but not		number of
					reported		reported
	Net incurred claims (1)				claims		claims
	December 31,
	2018		2019		2019		2019
	($ in millions)
Incurral year
2018	$	648.3	$	640.0	$	—		3,032,617
2019				724.7		45.0		3,184,519
Total net incurred claims			$	1,364.7
	Net cumulative
	paid claims (1)
	December 31,
	2018		2019
	(in millions)
Incurral year
2018	$	589.1	$	640.0
2019				653.5
Total net paid claims				1,293.5
All outstanding liabilities for unpaid claims prior to 2018 net of reinsurance				—
Total outstanding liabilities for unpaid claims net of reinsurance			$	71.2

(1) 2018 unaudited.

Group Life

Claims Development (Table)

					Incurred		Cumulative
					but not		number of
					reported		reported
	Net incurred claims (1)				claims		claims
	December 31,
	2018		2019		2019		2019
	($ in millions)
Incurral year
2018	$	239.6	$	238.4	$	0.7		5,220
2019				228.3		23.0		4,625
Total net incurred claims			$	466.7
	Net cumulative
	paid claims (1)
	December 31,
	2018		2019
	(in millions)
Incurral year
2018	$	193.9	$	236.5
2019				181.7
Total net paid claims				418.2
All outstanding liabilities for unpaid claims prior to 2018 net of reinsurance				1.0
Total outstanding liabilities for unpaid claims net of reinsurance			$	49.5

(1) 2018 unaudited.