XML 114 R85.htm IDEA: XBRL DOCUMENT v3.25.4
Long-Duration Insurance Contracts - Balances of and Changes in the LFPB (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Net liability for future policy benefits $ 1,611.5 $ 1,622.8    
Whole Life        
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]        
Beginning balance 229.1 223.2 $ 215.1  
Beginning balance at original discount rate 263.2 247.1 245.9  
Change in cash flow assumptions   6.3 13.8 $ 0.0
Actual variances from expected experience   0.3 3.2 3.8
Adjusted balance   269.8 264.1 249.7
Issuances 10.7 12.6 10.8  
Interest accruals 8.4 7.6 7.2  
Net premiums collected (18.3) (21.1) (20.6)  
Ending balance at original discount rate 270.6 263.2 247.1  
Effect of changes in discount rate assumptions (31.1) (34.1) (23.9)  
Ending balance 239.5 229.1 223.2  
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance 504.3 522.0 493.6  
Beginning balance at original discount rate 631.9 617.4 592.1 581.9
Changes in cash flow assumptions   5.9 13.7 (0.6)
Actual variances from expected experience   1.0 3.4 4.0
Adjusted balance   624.3 609.2 585.3
Issuances 10.7 12.6 10.7  
Interest accruals 21.0 19.8 19.0  
Benefit payments (24.1) (24.2) (22.9)  
Ending balance at original discount rate 631.9 617.4 592.1  
Effect of changes in discount rate assumptions (113.5) (113.1) (70.1)  
Ending balance 518.4 504.3 522.0  
Net liability for future policy benefits 278.8 275.2 298.8  
Less: Reinsurance recoverable (57.3) (60.2) (64.3)  
Net liability for future policy benefits, after reinsurance recoverable 221.5 215.0 234.5  
Impact of flooring on net liability for future policy benefits 0.0 0.0 0.0  
Net liability for future policy benefits at December 31, 2025 221.5 215.0 234.5  
Term Life        
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]        
Beginning balance 245.9 240.0 234.7  
Beginning balance at original discount rate 271.2 256.6 265.4  
Change in cash flow assumptions   (16.5) 4.6 (16.8)
Actual variances from expected experience   (3.4) (0.5) (2.7)
Adjusted balance   251.3 260.7 245.9
Issuances 23.6 25.2 25.2  
Interest accruals 11.1 10.7 10.3  
Net premiums collected (26.3) (25.4) (24.8)  
Ending balance at original discount rate 259.7 271.2 256.6  
Effect of changes in discount rate assumptions (14.5) (25.3) (16.6)  
Ending balance 245.2 245.9 240.0  
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance 377.8 370.1 347.0  
Beginning balance at original discount rate 429.8 433.2 405.4 401.0
Changes in cash flow assumptions   (20.7) 5.6 (16.7)
Actual variances from expected experience   (4.4) (1.0) 1.3
Adjusted balance   408.1 410.0 385.6
Issuances 23.8 25.5 25.8  
Interest accruals 17.0 16.1 15.2  
Benefit payments (19.1) (18.4) (21.2)  
Ending balance at original discount rate 429.8 433.2 405.4  
Effect of changes in discount rate assumptions (40.4) (55.4) (35.3)  
Ending balance 389.3 377.8 370.1  
Net liability for future policy benefits 144.1 131.8 130.2  
Less: Reinsurance recoverable (20.9) (19.3) (19.1)  
Net liability for future policy benefits, after reinsurance recoverable 123.2 112.5 111.1  
Impact of flooring on net liability for future policy benefits 0.0 0.0 0.0  
Net liability for future policy benefits at December 31, 2025 123.2 112.5 111.1  
Experience Life        
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]        
Beginning balance 66.6 71.7 68.3  
Beginning balance at original discount rate 65.4 67.0 65.5  
Change in cash flow assumptions   0.7 1.5 3.7
Actual variances from expected experience   1.6 0.0 0.7
Adjusted balance   67.7 68.5 69.9
Issuances 0.0 0.0 0.0  
Interest accruals 3.7 3.7 3.7  
Net premiums collected (6.9) (6.8) (6.6)  
Ending balance at original discount rate 64.5 65.4 67.0  
Effect of changes in discount rate assumptions 2.6 1.2 4.7  
Ending balance 67.1 66.6 71.7  
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance 813.2 883.0 867.5  
Beginning balance at original discount rate 763.3 782.8 797.5 805.2
Changes in cash flow assumptions   1.7 2.2 5.0
Actual variances from expected experience   3.4 0.2 1.1
Adjusted balance   787.9 799.9 811.3
Issuances 0.0 0.0 0.0  
Interest accruals 45.7 46.7 47.4  
Benefit payments (70.3) (63.8) (61.2)  
Ending balance at original discount rate 763.3 782.8 797.5  
Effect of changes in discount rate assumptions 44.5 30.4 85.5  
Ending balance 807.8 813.2 883.0  
Net liability for future policy benefits 740.8 746.6 811.3  
Less: Reinsurance recoverable (0.8) (0.9) (1.0)  
Net liability for future policy benefits, after reinsurance recoverable 740.0 745.7 810.3  
Impact of flooring on net liability for future policy benefits 0.0 0.0 0.0  
Net liability for future policy benefits at December 31, 2025 740.0 745.7 810.3  
Limited-Pay Whole Life        
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]        
Beginning balance 34.2 32.2 29.7  
Beginning balance at original discount rate 36.8 33.9 32.4  
Change in cash flow assumptions   0.4 2.2 (0.2)
Actual variances from expected experience   (0.2) 0.0 1.0
Adjusted balance   37.0 36.1 33.2
Issuances 2.5 4.0 4.3  
Interest accruals 1.5 1.4 1.2  
Net premiums collected (4.5) (4.7) (4.8)  
Ending balance at original discount rate 36.5 36.8 33.9  
Effect of changes in discount rate assumptions (1.5) (2.6) (1.7)  
Ending balance 35.0 34.2 32.2  
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance 86.2 89.6 79.4  
Beginning balance at original discount rate 118.1 114.3 105.6 98.6
Changes in cash flow assumptions   0.2 2.4 (0.2)
Actual variances from expected experience   0.0 0.0 1.0
Adjusted balance   114.5 108.0 99.4
Issuances 2.5 4.0 4.3  
Interest accruals 4.5 4.2 3.9  
Benefit payments (3.4) (1.9) (2.0)  
Ending balance at original discount rate 118.1 114.3 105.6  
Effect of changes in discount rate assumptions (28.5) (28.1) (16.0)  
Ending balance 89.6 86.2 89.6  
Net liability for future policy benefits 54.6 52.1 57.4  
Less: Reinsurance recoverable (1.4) (1.4) (1.2)  
Net liability for future policy benefits, after reinsurance recoverable 53.2 50.7 56.2  
Impact of flooring on net liability for future policy benefits 0.0 0.0 0.0  
Net liability for future policy benefits at December 31, 2025 53.2 50.7 56.2  
Supplemental Health        
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]        
Beginning balance 179.9 182.0 167.4  
Beginning balance at original discount rate 214.6 213.4 205.1  
Change in cash flow assumptions   (2.8) (5.2) 6.5
Actual variances from expected experience   (2.4) 2.9 (1.6)
Adjusted balance   209.4 211.1 210.0
Issuances 22.9 20.9 19.4  
Interest accruals 7.0 6.8 6.0  
Net premiums collected (25.7) (24.2) (22.0)  
Ending balance at original discount rate 213.6 214.6 213.4  
Effect of changes in discount rate assumptions (26.1) (34.7) (31.4)  
Ending balance 187.5 179.9 182.0  
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance 383.4 427.6 431.7  
Beginning balance at original discount rate 462.7 482.8 517.9 537.1
Changes in cash flow assumptions   (5.3) (6.5) 8.9
Actual variances from expected experience   (4.7) 2.5 (2.4)
Adjusted balance   472.8 513.9 543.6
Issuances 22.9 20.9 19.4  
Interest accruals 13.9 14.4 14.4  
Benefit payments (46.9) (66.4) (59.5)  
Ending balance at original discount rate 462.7 482.8 517.9  
Effect of changes in discount rate assumptions (83.7) (99.4) (90.3)  
Ending balance 379.0 383.4 427.6  
Net liability for future policy benefits 191.8 203.5 245.6  
Less: Reinsurance recoverable (5.1) (4.7) (4.0)  
Net liability for future policy benefits, after reinsurance recoverable 186.7 198.8 241.6  
Impact of flooring on net liability for future policy benefits 0.0 0.0 0.0  
Net liability for future policy benefits at December 31, 2025 186.7 198.8 241.6  
Cancer        
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Net liability for future policy benefits at December 31, 2025 66.0 72.2 92.7  
Accident        
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Net liability for future policy benefits at December 31, 2025 17.9 18.8 21.4  
Disability        
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Net liability for future policy benefits at December 31, 2025 21.3 21.4 23.5  
Other        
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Net liability for future policy benefits at December 31, 2025 81.5 86.4 104.0  
SPIA (life contingent)        
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward]        
Beginning balance 0.0 0.0 0.0  
Beginning balance at original discount rate 0.0 0.0 0.0  
Change in cash flow assumptions   0.0 0.0 0.0
Actual variances from expected experience   0.0 0.0 0.0
Adjusted balance   0.0 0.0 0.0
Issuances 2.4 2.8 5.6  
Interest accruals 0.0 0.0 0.0  
Net premiums collected (2.4) (2.8) (5.6)  
Ending balance at original discount rate 0.0 0.0 0.0  
Effect of changes in discount rate assumptions 0.0 0.0 0.0  
Ending balance 0.0 0.0 0.0  
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward]        
Beginning balance 97.3 104.2 103.3  
Beginning balance at original discount rate 103.0 107.3 111.4 113.4
Changes in cash flow assumptions   0.0 0.0 0.0
Actual variances from expected experience   0.1 0.2 (0.8)
Adjusted balance   107.4 111.6 $ 112.6
Issuances 2.4 2.8 6.3  
Interest accruals 4.1 4.3 4.4  
Benefit payments (10.9) (11.4) (11.9)  
Ending balance at original discount rate 103.0 107.3 111.4  
Effect of changes in discount rate assumptions (7.0) (10.0) (7.2)  
Ending balance 96.0 97.3 104.2  
Net liability for future policy benefits 96.0 97.3 104.2  
Less: Reinsurance recoverable (3.8) (3.5) (3.6)  
Net liability for future policy benefits, after reinsurance recoverable 92.2 93.8 100.6  
Impact of flooring on net liability for future policy benefits 0.0 0.0 0.0  
Net liability for future policy benefits at December 31, 2025 $ 92.2 $ 93.8 $ 100.6