XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue        
Premium Income $ 2,525.9 $ 2,388.9 $ 7,494.3 $ 7,206.3
Net Investment Income 526.0 511.6 1,565.9 1,597.8
Net Investment Loss (31.0) (4.4) (30.0) (22.3)
Other Income 71.6 63.0 210.6 197.5
Total Revenue 3,092.5 2,959.1 9,240.8 8,979.3
Benefits and Expenses        
Policy Benefits 1,778.6 1,843.2 5,498.6 5,691.9
Policy Benefits - Remeasurement Loss (Gain) 168.4 (341.7) (61.6) (476.1)
Commissions 289.7 271.5 869.7 819.1
Interest and Debt Expense 48.6 47.0 145.6 141.3
Cost Related to Early Retirement of Debt 0.0 4.2 0.0 4.2
Deferral of Acquisition Costs (153.3) (139.4) (467.5) (419.1)
Amortization of Deferred Acquisition Costs 129.1 102.9 358.7 313.0
Compensation Expense 297.9 285.9 867.3 794.1
Other Expenses 271.8 243.9 818.6 734.4
Total Benefits and Expenses 2,830.8 2,317.5 8,029.4 7,602.8
Income Before Income Tax 261.7 641.6 1,211.4 1,376.5
Income Tax        
Current 187.5 156.9 381.7 383.8
Deferred (127.8) (25.6) (123.5) (125.3)
Total Income Tax 59.7 131.3 258.2 258.5
Net Income $ 202.0 $ 510.3 $ 953.2 $ 1,118.0
Net Income Per Common Share        
Basic $ 1.03 $ 2.55 $ 4.83 $ 5.55
Assuming Dilution $ 1.02 $ 2.53 $ 4.81 $ 5.52