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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Investments    
Debt Securities, Available-for-Sale $ 35,966.0 $ 35,629.9
Mortgage Loans (net of allowance for credit losses of $15.6; $16.1) [1] 2,172.5 2,224.5
Policy Loans 3,604.8 3,617.2
Other Long-term Investments 1,659.9 1,694.4
Short-term Investments 2,286.6 2,540.3
Total Investments 45,689.8 45,706.3
Other Assets    
Cash and Bank Deposits 1,194.8 162.8
Accounts and Premiums Receivable (net of allowance for credit losses of $27.6; $26.8) 1,582.7 1,459.0
Reinsurance Recoverable (net of allowance for credit losses of $1.5; $1.5) 7,974.9 8,296.4
Accrued Investment Income 702.9 649.8
Deferred Acquisition Costs 2,940.3 2,842.8
Goodwill 353.3 349.1
Property and Equipment 499.1 487.6
Deferred Income Tax 305.6 369.7
Other Assets 1,600.4 1,635.8
Total Assets 62,843.8 61,959.3
Liabilities    
Future Policy Benefits 37,182.9 36,806.4
Policyholders' Account Balance 5,633.3 5,633.7
Unearned Premiums 538.3 384.0
Other Policyholders’ Funds 1,513.1 1,526.7
Income Tax Payable 261.6 226.5
Deferred Income Tax 36.7 31.0
Short-term debt 274.8 274.6
Long-term Debt 3,469.1 3,465.2
Other Liabilities 2,614.0 2,650.1
Total Liabilities 51,523.8 50,998.2
Commitments and Contingent Liabilities - Note 13
Stockholders' Equity    
Common Stock, $0.10 par; authorized: 725,000,000 shares; issued: 196,106,652 and 195,460,723 shares 19.6 19.5
Additional Paid-in Capital 1,578.4 1,489.6
Accumulated Other Comprehensive Loss (2,040.7) (2,523.7)
Retained Earnings 13,287.2 12,914.0
Treasury Stock - at cost: 23,968,208 and 16,871,752 shares (1,524.5) (938.3)
Total Stockholders' Equity 11,320.0 10,961.1
Total Liabilities and Stockholders' Equity $ 62,843.8 $ 61,959.3
[1]
1Loan-to-Value Ratio utilizes the most recent internal valuation of the property