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Net Investment Income (Tables)
12 Months Ended
Dec. 31, 2024
Net Investment Income [Abstract]  
Schedule of Net Investment Income

Net investment income includes interest and earnings on the following investments:

 

 

Year ended December 31,

 

 

2024

 

 

2023

 

 

2022

 

 

(in millions)

 

Deposits and other investments

 

$

282.3

 

 

$

303.5

 

 

$

142.3

 

Debt securities

 

 

244.6

 

 

 

231.7

 

 

 

206.1

 

Deferred compensation plan assets

 

 

19.5

 

 

 

21.9

 

 

 

(25.3

)

Dividends on equity securities

 

 

10.4

 

 

 

10.5

 

 

 

9.0

 

Equity in earnings of affiliates, net

 

 

7.4

 

 

 

5.4

 

 

 

11.0

 

 

 

 

564.2

 

 

 

573.0

 

 

 

343.1

 

Investment expenses

 

 

(3.2

)

 

 

(3.0

)

 

 

(3.0

)

Net investment income

 

$

561.0

 

 

$

570.0

 

 

$

340.1