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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Premium Income $ 10,046.0 $ 9,616.5 $ 9,475.0
Net Investment Income 2,096.7 2,122.2 2,213.2
Net Investment Gain (Loss) (36.0) (15.7) 76.7
Other Income 279.2 261.1 242.9
Total Revenue 12,385.9 11,984.1 12,007.8
Benefits and Expenses      
Policy Benefits 7,311.9 7,542.1 [1] 8,113.3 [1]
Policy Benefits - Remeasurement Gain 54.8 547.5 559.9
Commissions 1,170.1 1,086.4 1,038.1
Interest and Debt Expense 194.8 188.5 185.0
Cost Related to Early Retirement of Debt 0.0 4.2 67.3
Deferral of Acquisition Costs (632.2) (556.9) (523.2)
Amortization of Deferred Acquisition Costs 481.4 421.1 452.1
Compensation Expense 1,162.6 1,089.5 975.2
Other Expenses 1,112.0 1,006.7 999.3
Total Benefits and Expenses 10,745.8 10,234.1 10,747.2
Income Before Income Tax 1,640.1 1,750.0 1,260.6
Income Tax      
Current 452.0 473.5 212.8
Income Tax - Deferred (95.7) (130.7) 66.8
Total Income Tax 356.3 342.8 279.6
Net Income $ 1,283.8 $ 1,407.2 $ 981.0
Net Income Per Common Share      
Basic $ 6.53 $ 7.01 $ 4.80
Assuming Dilution $ 6.50 $ 6.96 $ 4.79
[1]
1 Previously disclosed as Benefits and Change in Reserves for Future Benefits