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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments    
Debt Securities, Available-for-Sale $ 34,443.6 $ 33,056.6
Mortgage Loans (net of allowance for credit losses of $16.0; $15.9) [1] 2,071.7 2,109.5
Policy Loans 3,681.7 3,668.1
Other Long-term Investments 1,628.8 1,670.4
Short-term Investments 1,875.2 3,016.2
Total Investments 43,701.0 43,520.8
Other Assets    
Cash and Bank Deposits 199.2 158.2
Accounts and Premiums Receivable (net of allowance for credit losses of $26.9; $26.1) 1,630.0 1,429.8
Reinsurance Recoverable (net of allowance for credit losses of $0.5; $1.4) 11,091.3 11,574.6
Accrued Investment Income 681.1 596.0
Deferred Acquisition Costs 3,025.4 2,920.3
Goodwill 353.0 353.9
Property and Equipment 506.1 503.7
Deferred Income Tax 48.4 79.5
Other Assets 2,249.7 2,382.6
Total Assets 63,485.2 63,519.4
Liabilities    
Future Policy Benefits 37,610.7 38,017.0
Policyholders' Account Balance 5,980.5 5,636.4
Unearned Premiums 572.0 412.8
Other Policyholders’ Funds 1,469.5 1,479.7
Income Tax Payable 101.8 52.2
Deferred Income Tax 37.4 38.8
Long-term Debt 3,763.8 3,767.6
Other Liabilities 3,140.0 2,995.8
Total Liabilities 52,675.7 52,400.3
Commitments and Contingent Liabilities - Note 13
Stockholders' Equity    
Common Stock, $0.10 par; authorized: 725,000,000 shares; issued: 196,693,609 and 196,194,941 shares 19.6 19.6
Additional Paid-in Capital 1,612.4 1,593.0
Accumulated Other Comprehensive Loss (1,870.0) (1,808.5)
Retained Earnings 13,682.3 13,345.3
Treasury Stock - at cost: 38,389,539 and 30,500,524 shares (2,634.8) (2,030.3)
Total Stockholders' Equity 10,809.5 11,119.1
Total Liabilities and Stockholders' Equity $ 63,485.2 $ 63,519.4
[1] Loan-to-Value Ratio utilizes the most recent internal valuation of the property