Reinsurance (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Effects of Reinsurance on Premiums and Benefits

The effects of reinsurance on net premiums written and contract deposits; net premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:


($ in millions)	Direct Amount(1)		Ceded to Other Companies		Assumed from Other Companies		Net Amount
Three months ended September 30, 2025
Net premiums written and contract deposits(2)	$	468.6	$	13.9	$	14.2	$	468.9
Net premiums and contract charges earned	315.6		14.0		8.6		310.3
Benefits, claims and settlement expenses	179.1		12.1		4.0		171.0

Three months ended September 30, 2024
Net premiums written and contract deposits(2)	$	427.6	$	17.6	$	6.3	$	416.3
Net premiums and contract charges earned	296.0		13.1		6.2		289.1
Benefits, claims and settlement expenses	196.6		11.2		5.9		191.3

Nine months ended September 30, 2025
Net premiums written and contract deposits(2)	$	1,298.9	$	44.4	$	26.4	$	1,280.9
Net premiums and contract charges earned	934.2		43.7		20.6		911.2
Benefits, claims and settlement expenses	560.8		34.1		11.0		537.7

Nine months ended September 30, 2024
Net premiums written and contract deposits(2)	$	1,227.8	$	53.8	$	21.4	$	1,195.4
Net premiums and contract charges earned	877.1		52.7		20.8		845.2
Benefits, claims and settlement expenses	596.5		36.0		14.4		574.9

(1) Direct amount is net of the annuity reinsurance transaction accounted for using the deposit method.

(2) This measure is not based on accounting principles generally accepted in the United States of America (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as Exhibit 99.1 in the Company's reports filed with the SEC.