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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2025
Dec. 31, 2024
Investments    
Fixed Maturity Securities - at fair value (amortized cost of $34,747.2; $38,269.9; allowance for credit losses of $5.9; $2.8) $ 33,056.6 $ 35,629.9
Mortgage Loans (net of allowance for credit losses of $15.9; $16.1) [1] 2,109.5 2,224.5
Policy Loans 3,668.1 3,617.2
Other Long-term Investments 1,670.4 1,694.4
Short-term Investments 3,016.2 2,540.3
Total Investments 43,520.8 45,706.3
Other Assets    
Cash and Bank Deposits 158.2 162.8
Accounts and Premiums Receivable (net of allowance for credit losses of $26.1; $26.8) 1,429.8 1,459.0
Reinsurance Recoverable (net of allowance for credit losses of $1.4; $1.5) 11,574.6 8,296.4
Accrued Investment Income 596.0 649.8
Deferred Acquisition Costs 2,920.3 2,842.8
Goodwill 353.9 349.1
Property and Equipment 503.7 487.6
Deferred Income Tax 79.5 369.7
Other Assets 2,382.6 1,635.8
Total Assets 63,519.4 61,959.3
Liabilities    
Future Policy Benefits 38,017.0 36,806.4
Policyholders' Account Balances 5,636.4 5,633.7
Unearned Premiums 412.8 384.0
Other Policyholders' Funds 1,479.7 1,526.7
Income Tax Payable 52.2 226.5
Deferred Income Tax 38.8 31.0
Short-term debt 0.0 274.6
Long-term Debt 3,767.6 3,465.2
Other Liabilities 2,995.8 2,650.1
Total Liabilities 52,400.3 50,998.2
Commitments and Contingent Liabilities - Note 16
Stockholders' Equity    
Common Stock, $0.10 par; authorized: 725,000,000 shares; issued: 196,194,941 and 195,460,723 shares 19.6 19.5
Additional Paid-in Capital 1,593.0 1,489.6
Accumulated Other Comprehensive Loss (1,808.5) (2,523.7)
Retained Earnings 13,345.3 12,914.0
Treasury Stock - at cost: 30,500,524 and 16,871,752 shares (2,030.3) (938.3)
Total Stockholders' Equity 11,119.1 10,961.1
Total Liabilities and Stockholders' Equity $ 63,519.4 $ 61,959.3
[1] Loan-to-Value Ratio utilizes the most recent internal valuation of the property