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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues        
Net premiums and contract charges earned $ 310.3 $ 289.1 $ 911.2 $ 845.2
Net investment income 119.6 113.0 346.3 326.8
Net investment gains (losses) 3.3 3.8 (5.9) 0.1
Other income 5.3 6.2 15.0 14.1
Total revenues 438.5 412.1 1,266.6 1,186.2
Benefits, losses and expenses        
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses, $4.8; $1.2; $4.5; $0.9) 171.0 191.3 537.7 574.9
Interest credited 55.7 54.8 161.2 161.5
Operating expenses 96.3 82.9 284.0 250.4
DAC amortization expense 31.5 28.1 91.0 82.1
Intangible asset amortization expense 3.6 3.6 10.8 10.9
Interest expense 8.9 8.7 26.4 26.1
Total benefits, losses and expenses 367.0 369.4 1,111.1 1,105.9
Income before income taxes 71.5 42.7 155.5 80.3
Income tax expense 13.2 8.4 29.6 15.7
Net income $ 58.3 $ 34.3 $ 125.9 $ 64.6
Net income per share        
Basic (in usd per share) $ 1.42 $ 0.83 $ 3.05 $ 1.56
Diluted (in usd per share) $ 1.40 $ 0.83 $ 3.03 $ 1.56
Weighted average number of shares and equivalent shares        
Basic (in shares) 41.2 41.2 41.3 41.3
Diluted (in shares) 41.6 41.4 41.6 41.5
Statements of Comprehensive Income (Loss)        
Net income $ 58.3 $ 34.3 $ 125.9 $ 64.6
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment losses on fixed maturity securities 59.1 133.2 106.6 91.1
Change in net reserve remeasurements attributable to discount rates (20.4) (73.5) (31.5) (0.1)
Change in net funded status of benefit plans 0.0 0.0 0.0 0.0
Other comprehensive income 38.7 59.7 75.1 91.0
Comprehensive income $ 97.0 $ 94.0 $ 201.0 $ 155.6