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Derivative Financial Instruments (Tables)
 9 Months Ended
Sep. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Nature and Amount of Collateral Received From and Posted To Derivative Counterparty The table below summarizes the nature and amount of collateral received from and posted to our derivative counterparties.
September 30, 2026December 31, 2025
(in millions of dollars)
Carrying Value of Collateral Received from Counterparties
Cash$— $1.6 
Fixed Maturity Securities1.0 4.2 
$1.0 $5.8 
Carrying Value of Collateral Posted to Counterparties
Cash$7.7 $— 
Fixed Maturity Securities439.6 244.3 
$447.3 $244.3 
Fair Value Hedges Carrying Amount of Hedged Assets and Liabilities and Cumulative Basis Adjustments
The following tables summarize the amortized cost, carrying amount of hedged assets, and the related cumulative basis adjustments related to our fair value hedges.

September 30, 2026
(in millions of dollars)
Amortized Cost of Hedged Assets
Carrying Amount of Hedged Assets
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
Fixed maturity securities:
Receive fixed functional currency interest, pay fixed foreign currency interest
$848.7 $727.5 $0.3 

December 31, 2025
(in millions of dollars)
Amortized Cost of Hedged Assets
Carrying Amount of Hedged Assets
Cumulative Amount of Fair Value Hedging Adjustment Included in the Carrying Amount of the Hedged Assets
Fixed maturity securities:
Receive fixed functional currency interest, pay fixed foreign currency interest
$793.4 $695.0 $24.7 
Location and Fair Values of Derivative Financial Instruments
The following tables summarize the notional amounts and fair values of derivative financial instruments, as reported in our consolidated balance sheets. Derivative assets are included in other long-term investments, while derivative liabilities are included in other liabilities within our consolidated balance sheets. The notional amounts represent the basis upon which our counterparty pay and receive amounts are calculated.

September 30, 2026
Derivative AssetsDerivative Liabilities
Notional
Amount		Fair
Value		Fair
Value
(in millions of dollars)
Designated as Hedging Instruments
Cash Flow Hedges
Forward Benchmark Interest Rate Locks$2,311.0 $— $317.2 
Foreign Currency Interest Rate Swaps109.2 11.2 0.9 
Total Cash Flow Hedges2,420.2 11.2 318.1 
Fair Value Hedges
Foreign Currency Interest Rate Swaps848.0 33.4 26.5 
Total Designated as Hedging Instruments$3,268.2 $44.6 $344.6 
Not Designated as Hedging Instruments
Interest Rate Swaps$205.8 $4.7 $— 
Foreign Currency Forwards45.8 1.0 0.4 
Foreign Currency Interest Rate Swaps82.9 — 10.7 
Total Return Swaps722.3 — 20.6 
Forward Benchmark Interest Rate Locks832.0 — 45.2 
Embedded Derivative in Modified Coinsurance Arrangement— 18.7 — 
Total Not Designated as Hedging Instruments$1,888.8 $24.4 $76.9 
Total Derivatives$5,157.0 $69.0 $421.5 
December 31, 2025
Derivative AssetsDerivative Liabilities
Notional
Amount		Fair
Value		Fair
Value
(in millions of dollars)
Designated as Hedging Instruments
Cash Flow Hedges
Forward Benchmark Interest Rate Locks$2,603.0 $2.3 $222.9 
Foreign Currency Interest Rate Swaps127.3 14.3 1.7 
Total Cash Flow Hedges2,730.3 16.6 224.6 
Fair Value Hedges
Foreign Currency Interest Rate Swaps768.6 35.0 29.0 
Total Designated as Hedging Instruments$3,498.9 $51.6 $253.6 
Not Designated as Hedging Instruments
Foreign Currency Forwards$48.9 $0.1 $1.0 
Foreign Currency Interest Rate Swaps115.6 0.2 15.1 
Total Return Swaps154.8 — — 
Embedded Derivative in Modified Coinsurance Arrangement— 17.8 — 
Total Not Designated as Hedging Instruments$319.3 $18.1 $16.1 
Total Derivatives$3,818.2 $69.7 $269.7 
Location of Gains and Losses on Derivative Instruments Designated as Cash Flow Hedging Instruments
The following tables summarize the location of gains and losses of derivative financial instruments designated as hedging instruments, as reported in our consolidated statements of operations.
Three Months Ended September 30
20262025
Net Investment IncomeNet Investment Gain (Loss)Interest and Debt ExpenseNet Investment IncomeNet Investment Gain (Loss)Interest and Debt Expense
(in millions of dollars)
Total Income and Expense Presented in the Consolidated Statements of Operations of Which Hedged Items are Recorded$522.4 $(853.0)$54.0 $476.8 $128.0 $52.2 
Gain (Loss) on Cash Flow Hedging Relationships
Interest Rate Swaps:
Hedged Items
10.9 (17.4)0.7 11.8 39.2 0.7 
Derivatives Designated as Hedging Instruments1.1 — — 1.5 2.2 0.1 
Foreign Exchange Contracts:
Hedged Items
1.6 0.9 — 1.6 (0.9)— 
Derivatives Designated as Hedging Instruments0.1 (1.0)— (0.9)0.8 — 
Forward Benchmark Interest Rate Locks:
Hedged Items
19.2 (24.4)— 14.6 0.5 — 
Derivatives Designated as Hedging Instruments(0.7)(10.0)— (0.4)(3.1)— 
Gain (Loss) on Fair Value Hedging Relationships
Foreign Exchange Contracts:
Hedged Items
6.5 (8.9)— 6.1 (2.3)— 
Derivatives Designated as Hedging Instruments3.3 8.9 — 3.7 2.3 — 
Nine Months Ended September 30
20262025
Net Investment IncomeNet Investment Gain (Loss)Interest and Debt ExpenseNet Investment IncomeNet Investment Gain (Loss)Interest and Debt Expense
(in millions of dollars)
Total Income and Expense Presented in the Consolidated Statements of Operations of Which Hedged Items are Recorded$1,484.2 $(863.2)$160.4 $1,550.7 $(96.5)$156.2 
Gain (Loss) on Cash Flow Hedging Relationships
Interest Rate Swaps:
Hedged Items
31.9 (17.4)2.1 46.8 38.9 2.2 
Derivatives Designated as Hedging Instruments3.6 — — 7.0 2.2 0.1 
Foreign Exchange Contracts:
Hedged Items
5.1 (2.3)— 5.9 (1.0)— 
Derivatives Designated as Hedging Instruments0.3 1.0 — (1.3)0.9 — 
Forward Benchmark Interest Rate Locks:
Hedged Items
54.1 (24.4)— 40.5 0.5 — 
Derivatives Designated as Hedging Instruments(1.8)(10.0)— (1.2)(3.1)— 
Gain (Loss) on Fair Value Hedging Relationships
Foreign Exchange Contracts:
Hedged Items
18.8 (24.4)— 15.7 69.8 — 
Derivatives Designated as Hedging Instruments9.3 24.4 — 1.4 (69.8)— 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)
The following table summarizes the location of gains and losses of derivative financial instruments designated as cash flow hedging instruments, as reported in our consolidated statements of comprehensive income (loss).

Three Months Ended September 30Nine Months Ended September 30
2026202520262025
(in millions of dollars)
Gain (Loss) Recognized in Other Comprehensive Income (Loss) on Derivatives
Forward Benchmark Interest Rate Locks$(159.1)$17.9 $(150.4)$(16.7)
Foreign Exchange Contracts(1.7)2.5 (2.4)(1.9)
Total$(160.8)$20.4 $(152.8)$(18.6)
Gains and Losses on Derivatives Not Designated as Hedging Instruments
The following table summarizes the location of gains and losses on our derivatives not designated as hedging instruments, as reported in our consolidated statements of operations.

Three Months Ended September 30Nine Months Ended September 30
2026202520262025
(in millions of dollars)
Net Investment Gain (Loss)
Foreign Exchange Contracts$0.9 $— $3.6 $(5.9)
Embedded Derivative in Modified Coinsurance Arrangement3.6 3.3 0.9 2.4 
Total Return Swaps(27.2)— (27.2)2.8 
Interest Rate Swaps4.7 — 4.7 — 
Forward Benchmark Interest Rate Locks(51.9)— (51.9)— 
Total$(69.9)$3.3 $(69.9)$(0.7)
Net Investment Income
Total Return Swaps$5.0 $— $5.0 $0.9 
Other Expenses
Loss (Gain) on Total Return Swaps$1.7 $(6.8)$(10.6)$(13.8)