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Investments Investment Income (Detail) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Net Investment Income        
Gross Investment Income, Operating $ 542.5 $ 524.6 $ 1,619.0 $ 1,635.8
Less Investment Expenses 13.5 10.0 44.0 29.1
Less Investment Income on PFA Assets 3.0 3.0 9.1 8.9
Net Investment Income 526.0 511.6 1,565.9 1,597.8
Fixed Maturity Securities        
Net Investment Income        
Gross Investment Income, Operating 457.9 456.7 1,383.7 1,379.9
Derivatives        
Net Investment Income        
Gross Investment Income, Operating 11.6 14.9 34.5 45.1
Mortgage Loans        
Net Investment Income        
Gross Investment Income, Operating 22.9 24.7 69.8 77.6
Policy Loans        
Net Investment Income        
Gross Investment Income, Operating 5.4 5.1 15.6 14.8
Perpetual Preferred Securities        
Net Investment Income        
Gross Investment Income, Operating [1] 0.4 1.1 2.2 3.2
Unrealized Gain (Loss) on Investments (0.4) 0.5 0.1 1.5
Private Equity Partnerships        
Net Investment Income        
Gross Investment Income, Operating [2] 22.6 12.6 56.7 98.6
Unrealized Gain (Loss) on Investments 29.7 14.3 72.6 106.8
Management Fee Expense (7.1) (1.8) (15.9) (8.3)
Other Long-term Investments        
Net Investment Income        
Gross Investment Income, Operating 2.6 3.6 7.1 7.4
Short-term Investments        
Net Investment Income        
Gross Investment Income, Operating $ 19.1 $ 5.9 $ 49.4 $ 9.2
[1] The net unrealized gain (loss) recognized in net investment income for the three and nine months ended September 30, 2023 related to perpetual preferred securities still held at September 30, 2023 was $(0.4) million and $0.1 million, respectively. The net unrealized gain (loss) recognized in net investment income for the three and nine months ended September 30, 2022 related to perpetual preferred securities still held at September 30, 2022 was $0.5 million and $1.5 million, respectively.
[2] 2The net unrealized gain recognized in net investment income for the three and nine months ended September 30, 2023 related to private equity partnerships still held at September 30, 2023 was $29.7 million and $72.6 million, respectively, reduced by net management fees and partnership expenses of $(7.1) million and $(15.9) million, respectively. The net unrealized gain recognized in net investment income for the three and nine months ended September 30, 2022 related to private equity partnerships still held at September 30, 2022 was $14.3 million and $106.8 million, respectively, reduced by net management fees and partnership expenses of $(1.8) million and $(8.3) million, respectively. See Note 3 for further discussion of private equity partnerships.