XML 58 R4.htm IDEA: XBRL DOCUMENT v3.19.3
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Premium Income $ 2,331.2 $ 2,251.8 $ 7,013.0 $ 6,722.8
Net Investment Income 599.4 619.2 1,819.0 1,845.1
Realized Investment Gain (Loss)        
Other-Than-Temporary Impairment Loss on Fixed Maturity Securities 20.8 0.0 20.8 1.0
Net Gain (Loss) on Sales of Securities (5.4) 6.7 (11.6) 2.9
Net Realized Investment Gain (Loss) (26.2) 6.7 (32.4) 1.9
Other Income 55.6 50.1 164.7 147.9
Total Revenue 2,960.0 2,927.8 8,964.3 8,717.7
Benefits and Expenses        
Benefits and Change in Reserves for Future Benefits 1,871.5 2,578.9 5,614.9 6,190.9
Commissions 277.9 276.8 852.4 832.6
Interest and Debt Expense 46.1 42.7 130.8 125.3
Cost Related to Early Retirement of Debt 25.2 0.0 25.2 0.0
Deferral of Acquisition Costs (160.6) (166.8) (504.6) (501.8)
Amortization of Deferred Acquisition Costs 146.3 136.9 468.5 428.6
Compensation Expense 226.5 224.2 676.9 666.1
Other Expenses 227.7 212.9 695.5 657.9
Total Benefits and Expenses 2,660.6 3,305.6 7,959.6 8,399.6
Income (Loss) Before Income Tax Expense (Benefit) 299.4 (377.8) 1,004.7 318.1
Income Tax Expense (Benefit)        
Current 42.3 2.7 170.6 172.7
Deferred 15.1 (95.8) 30.0 (128.9)
Total Income Tax Expense (Benefit) 57.4 (93.1) 200.6 43.8
Net Income (Loss) $ 242.0 $ (284.7) $ 804.1 $ 274.3
Net Income (Loss) Per Common Share        
Basic $ 1.16 $ (1.30) $ 3.81 $ 1.24
Assuming Dilution $ 1.16 $ (1.30) $ 3.81 $ 1.24