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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Nature and Amount of Collateral Received From and Posted To Derivative Counterparty The table below summarizes the nature and amount of collateral received from and posted to our derivative counterparties.
September 30, 2022December 31, 2021
(in millions of dollars)
Carrying Value of Collateral Received from Counterparties
Cash$81.7 $32.0 
Fixed Maturity Securities13.7 — 
$95.4 $32.0 
Carrying Value of Collateral Posted to Counterparties
Cash$6.1 $— 
Fixed Maturity Securities20.7 27.6 
$26.8 $27.6 
Fair Value Hedges Carrying Amount of Hedged Assets and Liabilities and Cumulative Basis Adjustments
The following table summarizes the carrying amount of hedged assets and the related cumulative basis adjustments related to our fair value hedges:
Carrying Amount of Hedged AssetsCumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
September 30, 2022December 31, 2021September 30, 2022December 31, 2021
(in millions of dollars)
Fixed maturity securities:
Receive fixed functional currency interest, pay fixed foreign currency interest$346.6 $466.3 $(60.6)$2.0 
Location and Fair Values of Derivative Financial Instruments
The following tables summarize the notional amounts and fair values of derivative financial instruments, as reported in our consolidated balance sheets. Derivative assets are included in other long-term investments, while derivative liabilities are included in other liabilities within our consolidated balance sheets. The notional amounts represent the basis upon which our counterparty pay and receive amounts are calculated.
 September 30, 2022
 Derivative AssetsDerivative Liabilities
 Notional
Amount		Fair
Value		Fair
Value
(in millions of dollars)
Designated as Hedging Instruments
Cash Flow Hedges
Forward Benchmark Interest Rate Locks$664.0 $— $29.0 
Foreign Currency Interest Rate Swaps178.0 22.4 2.2 
Total Cash Flow Hedges842.0 22.4 31.2 
Fair Value Hedges
Foreign Currency Interest Rate Swaps558.2 98.4 5.8 
Total Designated as Hedging Instruments$1,400.2 $120.8 $37.0 
Not Designated as Hedging Instruments
Foreign Currency Forwards$54.3 $7.3 $— 
Foreign Currency Interest Rate Swaps148.2 — 19.4 
Total Return Swaps70.2 — — 
Embedded Derivative in Modified Coinsurance Arrangement— — 19.4 
Total Not Designated as Hedging Instruments$272.7 $7.3 $38.8 
Total Derivatives$1,672.9 $128.1 $75.8 
 December 31, 2021
 Derivative AssetsDerivative Liabilities
 Notional
Amount		Fair
Value		Fair
Value
(in millions of dollars)
Designated as Hedging Instruments
Cash Flow Hedges
Foreign Currency Interest Rate Swaps$181.3 $16.2 $7.0 
Fair Value Hedges
Foreign Currency Interest Rate Swaps498.5 21.9 5.7 
Total Designated as Hedging Instruments$679.8 $38.1 $12.7 
Not Designated as Hedging Instruments
Credit Default Swaps$11.6 $— $— 
Foreign Currency Forwards41.7 — — 
Foreign Currency Interest Rate Swaps148.2 1.4 22.3 
Total Return Swaps89.2 — — 
Embedded Derivative in Modified Coinsurance Arrangement— — 30.1 
Total Not Designated as Hedging Instruments$290.7 $1.4 $52.4 
Total Derivatives$970.5 $39.5 $65.1 
Location of Gains and Losses on Derivative Instruments Designated as Cash Flow Hedging Instruments
The following tables summarize the location of gains and losses of derivative financial instruments designated as hedging instruments, as reported in our consolidated statements of income.
 Three Months Ended September 30
20222021
Net Investment IncomeNet Investment Gain (Loss)Interest and Debt ExpenseNet Investment IncomeNet Investment Gain (Loss)Interest and Debt Expense
 (in millions of dollars)
Total Income and Expense Presented in the Consolidated Statements of Income of Which Hedged Items are Recorded$511.6 $(4.4)$47.0 $550.2 $(0.1)$44.7 
Gain (Loss) on Cash Flow Hedging Relationships
Interest Rate Swaps:
Hedged items50.2 — 0.7 63.4 0.3 7.3 
Derivatives Designated as Hedging Instruments14.1 — — 14.6 0.2 0.1 
Foreign Exchange Contracts:— 
Hedged items2.7 (0.5)— 2.9 — — 
Derivatives Designated as Hedging Instruments(1.5)— — 0.3 (0.1)— 
Forward Benchmark Interest Rate Locks:
Hedged items0.2 — — — — — 
Derivatives Designated as Hedging Instruments— — — — — — 
Gain (Loss) on Fair Value Hedging Relationships
Foreign Exchange Contracts
Hedged items2.9 (29.6)— 2.5 (10.4)— 
Derivatives Designated as Hedging Instruments1.0 29.6 — 0.9 10.4 — 
 Nine Months Ended September 30
20222021
Net Investment IncomeNet Investment Gain (Loss)Interest and Debt ExpenseNet Investment IncomeNet Investment Gain (Loss)Interest and Debt Expense
 (in millions of dollars)
Total Income and Expense Presented in the Consolidated Statements of Income of Which Hedged Items are Recorded$1,597.8 $(22.3)$141.3 $1,662.4 $85.4 $134.4 
Gain (Loss) on Cash Flow Hedging Relationships
Interest Rate Swaps:
Hedged items150.9 — 2.1 170.2 2.7 21.9 
Derivatives Designated as Hedging Instruments40.5 — — 46.6 2.0 0.3 
Foreign Exchange Contracts:
Hedged items8.3 (0.5)— 10.1 — — 
Derivatives Designated as Hedging Instruments(0.9)— — 1.2 (0.1)— 
Forward Benchmark Interest Rate Locks:
Hedged items0.2 — — — — — 
Derivatives Designated as Hedging Instruments— — — — — — 
Gain (Loss) on Fair Value Hedging Relationships
Foreign Exchange Contracts
Hedged items8.7 (62.5)— 7.2 (18.8)— 
Derivatives Designated as Hedging Instruments5.1 62.5 — 3.1 18.8 — 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the location of gains and losses of derivative financial instruments designated as cash flow hedging instruments, as reported in our consolidated statements of comprehensive income (loss).

Three Months Ended September 30Nine Months Ended September 30
 2022202120222021
 (in millions of dollars)
Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives
Forwards$(34.3)$(0.2)$(32.0)$(0.2)
Foreign Exchange Contracts7.1 4.6 11.4 3.5 
Total$(27.2)$4.4 $(20.6)$3.3 
Gains and Losses on Derivatives Not Designated as Hedging Instruments
The following table summarizes the location of gains and losses on our derivatives not designated as hedging instruments, as reported in our consolidated statements of income.

Three Months Ended September 30Nine Months Ended September 30
2022202120222021
(in millions of dollars)
Net Investment Gain (Loss)
Credit Default Swaps$— $(0.1)$— $(0.3)
Foreign Exchange Contracts(0.9)0.8 4.6 2.6 
Embedded Derivative in Modified Coinsurance Arrangement14.9 2.6 10.7 21.2 
Total$14.0 $3.3 $15.3 $23.5 
Other Expenses
(Gain) Loss on Total Return Swaps$4.3 $0.6 $23.0 $(3.1)