XML 64 R51.htm IDEA: XBRL DOCUMENT v3.24.2
Investments Investment Income (Detail) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net Investment Income        
Gross Investment Income, Operating $ 562.2 $ 550.0 $ 1,095.3 $ 1,076.5
Less Investment Expenses 14.2 15.8 30.8 30.5
Less Investment Income on PFA Assets 2.9 3.1 5.9 6.1
Net Investment Income 545.1 531.1 1,058.6 1,039.9
Fixed Maturity Securities        
Net Investment Income        
Gross Investment Income, Operating 469.2 470.7 923.1 925.8
Derivatives        
Net Investment Income        
Gross Investment Income, Operating 8.7 11.0 16.9 22.9
Mortgage Loans        
Net Investment Income        
Gross Investment Income, Operating 22.1 23.5 44.6 46.9
Policy Loans        
Net Investment Income        
Gross Investment Income, Operating 5.2 5.2 10.6 10.2
Perpetual Preferred Securities        
Net Investment Income        
Gross Investment Income, Operating [1] 0.1 0.9 0.3 1.8
Unrealized Gain (Loss) on Investments (0.1) (0.2) (0.2) 0.5
Private Equity Partnerships        
Net Investment Income        
Gross Investment Income, Operating [2] 32.7 19.8 53.0 34.1
Unrealized Gain (Loss) on Investments 37.3 25.1 62.3 42.9
Management Fee Expense (4.6) (5.3) (9.3) (8.8)
Other Long-term Investments        
Net Investment Income        
Gross Investment Income, Operating 2.4 2.7 5.1 4.5
Short-term Investments        
Net Investment Income        
Gross Investment Income, Operating $ 21.8 $ 16.2 $ 41.7 $ 30.3
[1] The net unrealized gain (loss) recognized in net investment income for the three and six months ended June 30, 2024 related to perpetual preferred securities still held at June 30, 2024 was $(0.1) million and $(0.2) million, respectively. The net unrealized gain (loss) recognized in net investment income for the three and six months ended June 30, 2023 related to perpetual preferred securities still held at June 30, 2023 was $(0.2) million and $0.5 million, respectively.
[2]
2The net unrealized gain recognized in net investment income for the three and six months ended June 30, 2024 related to private equity partnerships still held at June 30, 2024 was $37.3 million and $62.3 million, respectively, reduced by net management fees and partnership expenses of $(4.6) million and $(9.3) million, respectively. The net unrealized gain recognized in net investment income for the three and six months ended June 30, 2023 related to private equity partnerships still held at June 30, 2023 was $25.1 million and $42.9 million, respectively, reduced by net management fees and partnership expenses of $(5.3) million and $(8.8) million, respectively. See Note 3 for further discussion of private equity partnerships.