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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Premium Income $ 10,497.4 $ 10,046.0 $ 9,616.5
Net Investment Income 2,130.0 2,096.7 2,122.2
Net Investment Loss (34.6) (36.0) (15.7)
Other Income 294.5 279.2 261.1
Total Revenue 12,887.3 12,385.9 11,984.1
Benefits and Expenses      
Policy Benefits 7,480.2 7,311.9 7,542.1
Policy Benefits - Remeasurement Gain 562.3 54.8 547.5
Commissions 1,258.6 1,170.1 1,086.4
Interest and Debt Expense 201.1 194.8 188.5
Cost Related to Early Retirement of Debt 0.0 0.0 4.2
Deferral of Acquisition Costs (651.5) (632.2) (556.9)
Amortization of Deferred Acquisition Costs 521.0 481.4 421.1
Compensation Expense 1,166.2 1,162.6 1,089.5
Other Expenses 1,222.7 1,112.0 1,006.7
Total Benefits and Expenses 10,636.0 10,745.8 10,234.1
Income Before Income Tax 2,251.3 1,640.1 1,750.0
Income Tax      
Current 432.1 452.0 473.5
Income Tax - Deferred 40.1 (95.7) (130.7)
Total Income Tax 472.2 356.3 342.8
Net Income $ 1,779.1 $ 1,283.8 $ 1,407.2
Net Income Per Common Share      
Basic $ 9.49 $ 6.53 $ 7.01
Assuming Dilution $ 9.46 $ 6.50 $ 6.96