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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Investments    
Debt Securities, Available-for-Sale $ 33,300.8 $ 33,056.6
Mortgage Loans (net of allowance for credit losses of $15.3; $15.9) [1] 2,066.3 2,109.5
Policy Loans 3,702.9 3,668.1
Other Long-term Investments 1,664.8 1,670.4
Short-term Investments 2,055.3 3,016.2
Total Investments 42,790.1 43,520.8
Other Assets    
Cash and Bank Deposits 192.6 158.2
Accounts and Premiums Receivable (net of allowance for credit losses of $26.9; $26.1) 1,614.4 1,429.8
Reinsurance Recoverable (net of allowance for credit losses of $0.4; $1.4) 11,310.9 11,574.6
Accrued Investment Income 582.0 596.0
Deferred Acquisition Costs 2,974.4 2,920.3
Goodwill 353.0 353.9
Property and Equipment 509.3 503.7
Deferred Income Tax Assets, Net 37.2 79.5
Other Assets 2,350.4 2,382.6
Total Assets 62,714.3 63,519.4
Liabilities    
Future Policy Benefits 37,300.5 38,017.0
Policyholders' Account Balances 5,736.0 5,636.4
Unearned Premiums 509.1 412.8
Other Policyholders’ Funds 1,472.6 1,479.7
Income Tax Payable 87.6 52.2
Deferred Income Tax 41.0 38.8
Long-term Debt 3,762.0 3,767.6
Other Liabilities 2,913.1 2,995.8
Total Liabilities 51,821.9 52,400.3
Commitments and Contingent Liabilities - Note 13
Stockholders' Equity    
Common Stock, $0.10 par; authorized: 725,000,000 shares; issued: 195,954,270 and 195,460,723 shares 19.6 19.6
Additional Paid-in Capital 1,602.1 1,593.0
Accumulated Other Comprehensive Loss (1,795.5) (1,808.5)
Retained Earnings 13,498.9 13,345.3
Treasury Stock - at cost: 35,885,782 and 30,500,524 shares (2,432.7) (2,030.3)
Total Stockholders' Equity 10,892.4 11,119.1
Total Liabilities and Stockholders' Equity $ 62,714.3 $ 63,519.4
[1]
1Loan-to-Value Ratio utilizes the most recent internal valuation of the property