RECENTLY ISSUED ACCOUNTING STANDARDS (Tables)

6 Months Ended

Jun. 30, 2020

Accounting Changes and Error Corrections [Abstract]

Impact of adoption

The impact of adoption, using the modified retrospective approach, was as follows (dollars in millions):

	January 1, 2020
	Amounts prior to effect of adoption of authoritative guidance		Effect of adoption of authoritative guidance			As adjusted
Fixed maturities, available for sale	$	21,295.2	$	(2.1	)	$	21,293.1
Mortgage loans	1,566.1		(6.7		)	1,559.4
Investments held by variable interest entities	1,188.6		(9.9		)	1,178.7
Income tax assets, net	432.6		4.9			437.5
Reinsurance receivables	4,785.7		(4.0		)	4,781.7
Total assets	33,630.9		(17.8		)	33,613.1
Retained earnings	535.7		(17.8		)	517.9
Total shareholders' equity	4,677.0		(17.8		)	4,659.2

The impact of adoption was as follows (dollars in millions):

	January 1, 2019
	Amounts prior to effect of adoption of authoritative guidance		Effect of adoption of authoritative guidance			As adjusted
Fixed maturities, available for sale	$	18,447.7	$	(4.0	)	$	18,443.7
Income tax assets, net	630.0		.9			630.9
Total assets	31,439.8		(3.1		)	31,436.7
Retained earnings	196.6		(3.1		)	193.5
Total shareholders' equity	3,370.9		(3.1		)	3,367.8