Reinsurance (Tables)

12 Months Ended

Dec. 31, 2024

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


	Year Ended December 31
	2024		2023		2022
	(in millions of dollars)
Direct Premium Income	$	10,732.1	$	10,286.8	$	9,893.6
Reinsurance Assumed	69.8		80.4		78.7
Reinsurance Ceded	(304.5)		(321.2)		(355.8)
Net Premium Income	$	10,497.4	$	10,046.0	$	9,616.5

Direct Policy Benefits	$	8,027.9	$	8,001.8	$	8,205.3
Reinsurance Assumed	152.5		138.7		135.1
Reinsurance Ceded	(700.2)		(828.6)		(798.3)
Net Policy Benefits	$	7,480.2	$	7,311.9	$	7,542.1

Direct Policy Benefits - Remeasurement Gain	$	(546.8)	$	(49.2)	$	(372.5)
Reinsurance Assumed	2.2		(0.1)		36.4
Reinsurance Ceded	(17.7)		(5.5)		(211.4)
Net Policy Benefits - Remeasurement Gain	$	(562.3)	$	(54.8)	$	(547.5)