XML 87 R70.htm IDEA: XBRL DOCUMENT v3.24.0.1
Investments Investment Income (Detail) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Net Investment Income      
Investment Income, Interest and Dividend $ 2,170.6 $ 2,173.6 $ 2,260.6
Less Investment Expenses 61.8 39.4 35.1
Less Investment Income on PFA Assets 12.1 12.0 12.3
Net Investment Income 2,096.7 2,122.2 2,213.2
Fixed Maturity Securities      
Net Investment Income      
Investment Income, Interest and Dividend 1,853.7 1,849.8 1,888.2
Derivatives      
Net Investment Income      
Investment Income, Interest and Dividend 45.1 57.8 68.6
Mortgage Loans      
Net Investment Income      
Investment Income, Interest and Dividend 92.5 101.5 105.0
Policy Loans      
Net Investment Income      
Investment Income, Interest and Dividend 20.8 20.0 19.7
Perpetual Preferred Securities      
Net Investment Income      
Investment Income, Interest and Dividend [1] 2.5 5.0 6.9
Private Equity Partnerships      
Net Investment Income      
Investment Income, Interest and Dividend [2] 78.1 110.1 165.4
Other Long-term Investments      
Net Investment Income      
Investment Income, Interest and Dividend 9.2 9.4 5.5
Short-term Investments      
Net Investment Income      
Investment Income, Interest and Dividend $ 68.7 $ 20.0 $ 1.3
[1] The net unrealized gain (loss) recognized in net investment income for the year ended December 31, 2023 related to perpetual preferred securities still held at December 31, 2023 was nominal. The net unrealized gain (loss) recognized in net investment income for the years ended December 31, 2022 and 2021 related to perpetual preferred securities still held at year-end was $2.8 million and $4.4 million, respectively.
[2] The net unrealized gain recognized in net investment income for the year ended December 31, 2023 related to private equity partnerships still held at December 31, 2023 was $102.9 million, reduced by net management fees and partnership expenses of $(24.8) million. For the years ended December 31, 2022 and 2021, the net unrealized gain recognized in net investment income related to private equity partnerships still held at year-end was $124.1 million and $177.7 million, respectively, reduced by net management fees and partnership expenses of $(14.0) million and $(12.3) million, respectively. See Note 2 for further discussion of private equity partnerships.