XML 70 R51.htm IDEA: XBRL DOCUMENT v3.22.4
Changes in Assets and Liabilities Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs (Level 3) (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Embedded Derivative in Modified Coinsurance Arrangement    
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation    
Derivatives Measured with Unobservable Inputs, Beginning Balance $ (30.1) $ (39.8)
Derivative Liability Gain (Loss) Included in Earnings 16.2 9.7
Derivative Liability Gain (Loss) Included in OCI 0.0 0.0
Derivative Purchases 0.0 0.0
Derivative Sales 0.0 0.0
Derivative Transfers Into Level 3 0.0 0.0
Derivative Transfers Out of Level 3 0.0 0.0
Derivatives Measured with Unobservable Inputs, Ending Balance (13.9) (30.1)
Fair Value, Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0.0 0.0
Fair Value, Net Derivative Asset (Liability), Recurring Basis, Still Held, Unrealized Gain (Loss) 16.2 9.7
States, Municipalities, and Political Subdivisions    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 13.4 15.5
Investment Gain (Loss) included in Earnings 0.0 0.0
Investment Gain (Loss) included in OCI (0.1) (2.1)
Investment Purchases 0.0 0.0
Investment Sales 0.0 0.0
Investment Level 3 Transfers Into 0.3 0.0
Investment Level 3 Transfers Out of 13.4 0.0
Assets Measured with Unobservable Inputs, Ending Balance 0.2 13.4
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0.1 2.1
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) 0.0 0.0
Foreign Governments    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 20.8 21.8
Investment Gain (Loss) included in Earnings 0.0 0.0
Investment Gain (Loss) included in OCI (0.8) (1.0)
Investment Purchases 0.0 0.0
Investment Sales (20.0) 0.0
Investment Level 3 Transfers Into 0.0 0.0
Investment Level 3 Transfers Out of 0.0 0.0
Assets Measured with Unobservable Inputs, Ending Balance 0.0 20.8
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0.8 1.0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) 0.0 0.0
Public Utilities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 44.5 185.7
Investment Gain (Loss) included in Earnings 0.0 0.0
Investment Gain (Loss) included in OCI (2.8) (2.3)
Investment Purchases 0.0 0.0
Investment Sales (12.8) (44.0)
Investment Level 3 Transfers Into 15.6 36.0
Investment Level 3 Transfers Out of 44.5 130.9
Assets Measured with Unobservable Inputs, Ending Balance 0.0 44.5
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 2.8 2.3
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) 0.0 0.0
Mortgage/Asset-backed Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 187.2 81.3
Investment Gain (Loss) included in Earnings 0.0 0.0
Investment Gain (Loss) included in OCI (0.3) (96.0)
Investment Purchases 20.7 0.0
Investment Sales (10.6) (72.3)
Investment Level 3 Transfers Into 0.0 274.2
Investment Level 3 Transfers Out of 175.0 0.0
Assets Measured with Unobservable Inputs, Ending Balance 22.0 187.2
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0.3 96.0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) 0.0 0.0
All Other Corporate Bonds    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 861.5 943.1
Investment Gain (Loss) included in Earnings 0.0 0.0
Investment Gain (Loss) included in OCI (32.0) (24.6)
Investment Purchases 25.3 249.9
Investment Sales (102.3) (80.2)
Investment Level 3 Transfers Into 161.9 77.6
Investment Level 3 Transfers Out of 755.7 304.3
Assets Measured with Unobservable Inputs, Ending Balance 158.7 861.5
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 32.0 24.6
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) 0.0 0.0
Fixed Maturity Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 1,127.4 1,247.4
Investment Gain (Loss) included in Earnings 0.0 0.0
Investment Gain (Loss) included in OCI (36.0) (126.0)
Investment Purchases 46.0 249.9
Investment Sales (145.7) (196.5)
Investment Level 3 Transfers Into 177.8 387.8
Investment Level 3 Transfers Out of 988.6 435.2
Assets Measured with Unobservable Inputs, Ending Balance 180.9 1,127.4
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 36.0 126.0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) 0.0 0.0
Perpetual Preferred Securities    
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation    
Assets Measured with Unobservable Inputs, Beginning Balance 5.8 4.7
Investment Gain (Loss) included in Earnings 3.0 0.1
Investment Gain (Loss) included in OCI 0.0 0.0
Investment Purchases 7.1 1.0
Investment Sales 0.0 0.0
Investment Level 3 Transfers Into 0.3 0.0
Investment Level 3 Transfers Out of 0.0 0.0
Assets Measured with Unobservable Inputs, Ending Balance 16.2 5.8
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss), OCI 0.0 0.0
Fair Value, Asset, Recurring Basis, Still Held, Unrealized Gain (Loss) $ 3.0 $ 0.1