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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue        
Premium Income $ 2,509.1 $ 2,416.0 $ 4,968.4 $ 4,817.4
Net Investment Income 531.1 559.0 1,039.9 1,086.2
Net Investment Gain (Loss) 0.9 (4.1) 1.0 (17.9)
Other Income 71.1 68.7 139.0 134.5
Total Revenue 3,112.2 3,039.6 6,148.3 6,020.2
Benefits and Expenses        
Policy Benefits 1,837.9 1,865.7 3,720.0 3,848.7
Policy Benefits - Remeasurement Gain (84.3) (65.6) (230.0) (134.4)
Commissions 286.1 274.4 580.0 547.6
Interest and Debt Expense 48.9 47.4 97.0 94.3
Deferred Policy Acquisition Cost (156.5) (137.9) (314.2) (279.7)
Amortization of Deferred Acquisition Costs 113.7 106.5 229.6 210.1
Compensation Expense 294.4 259.9 569.4 508.2
Other Expenses 273.6 250.0 546.8 490.5
Total Benefits and Expenses 2,613.8 2,600.4 5,198.6 5,285.3
Income Before Income Tax 498.4 439.2 949.7 734.9
Income Tax        
Current 128.6 143.6 194.2 226.9
Deferred (23.1) (71.7) 4.3 (99.7)
Total Income Tax 105.5 71.9 198.5 127.2
Net Income $ 392.9 $ 367.3 $ 751.2 $ 607.7
Net Income Per Common Share        
Basic $ 1.99 $ 1.83 $ 3.80 $ 3.01
Assuming Dilution $ 1.98 $ 1.81 $ 3.78 $ 2.99