Reinsurance (Tables)

12 Months Ended

Dec. 31, 2023

Reinsurance Disclosures [Abstract]

Effects of Reinsurance

Reinsurance activity related to our premium income, policy benefits, and policy benefits remeasurement gain are as follows:

	Year Ended December 31
	2023		2022		2021
	(in millions of dollars)
Direct Premium Income	$	10,286.8	$	9,893.6	$	9,736.8
Reinsurance Assumed	80.4		78.7		90.6
Reinsurance Ceded	(321.2)		(355.8)		(352.4)
Net Premium Income	$	10,046.0	$	9,616.5	$	9,475.0
Direct Policy Benefits	$	8,001.8	$	8,205.3	$	8,817.1
Reinsurance Assumed	138.7		135.1		145.0
Reinsurance Ceded	(828.6)		(798.3)		(848.8)
Net Policy Benefits	$	7,311.9	$	7,542.1	$	8,113.3
Direct Policy Benefits - Remeasurement Gain	$	(49.2)	$	(372.5)	$	(546.2)
Reinsurance Assumed	(0.1)		36.4		1.9
Reinsurance Ceded	(5.5)		(211.4)		(15.6)
Net Policy Benefits - Remeasurement Gain	$	(54.8)	$	(547.5)	$	(559.9)