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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:    
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: 2022 - $56.0 and 2021 - $7.6; amortized cost: 2022 - $23,384.2 and 2021 - $21,867.6) $ 20,353.4 $ 24,805.4
Equity securities at fair value 135.3 131.1
Mortgage loans (net of allowance for credit losses: 2022 - $8.0 and 2021 - $5.6) 1,411.9 1,218.6
Policy loans 121.6 120.2
Trading securities 207.9 227.2
Investments held by variable interest entities (net of allowance for credit losses: 2022 - $5.5 and 2021 - $3.7; amortized cost: 2022 - $1,134.2 and 2021 - $1,206.8) 1,077.6 1,199.6
Other invested assets 1,034.7 1,224.0
Total investments 24,342.4 28,926.1
Cash and cash equivalents - unrestricted 575.7 632.1
Cash and cash equivalents held by variable interest entities 69.2 99.6
Accrued investment income 235.6 216.4
Present value of future profits 212.2 222.6
Deferred acquisition costs 1,913.4 1,112.0
Reinsurance receivables (net of allowance for credit losses: 2022 - $2.0 and 2021 - $3.0) 4,241.7 4,354.3
Income tax assets, net 1,165.5 118.3
Assets held in separate accounts 2.7 3.9
Other assets 580.8 519.1
Total assets 33,339.2 36,204.4
Liabilities for insurance products:    
Policyholder account liabilities 14,858.3 13,689.7
Future policy benefits 11,809.1 11,670.7
Liability for policy and contract claims 456.5 501.8
Unearned and advanced premiums 235.0 246.7
Liabilities related to separate accounts 2.7 3.9
Other liabilities 693.9 830.9
Investment borrowings 1,639.5 1,715.8
Borrowings related to variable interest entities 1,104.6 1,147.9
Notes payable – direct corporate obligations 1,138.8 1,137.3
Total liabilities 31,938.4 30,944.7
Commitments and Contingencies
Shareholders' equity:    
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: 2022 - 114,343,070 and 2021 - 120,377,152) 1.1 1.2
Additional paid-in capital 2,033.8 2,184.2
Accumulated other comprehensive income (2,093.1) 1,947.1
Retained earnings 1,459.0 1,127.2
Total shareholders' equity 1,400.8 5,259.7
Total liabilities and shareholders' equity $ 33,339.2 $ 36,204.4