XML 32 R4.htm IDEA: XBRL DOCUMENT v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Net premiums and contract charges earned $ 313.0 $ 298.3
Net investment income 110.7 115.9
Net investment losses (2.2) (3.3)
Other income 7.8 5.5
Total revenues 429.3 416.4
Benefits, losses and expenses    
Benefits, claims and settlement expenses (Reserve remeasurement losses, $0.1; $2.1) 176.4 183.2
Interest credited 53.8 52.8
Operating expenses 103.5 90.8
DAC amortization expense 32.3 29.6
Intangible asset amortization expense 3.6 3.6
Interest expense 9.5 8.9
Total benefits, losses and expenses 379.1 368.9
Income before income taxes 50.2 47.5
Income tax expense 9.0 9.3
Net income $ 41.2 $ 38.2
Net income per share    
Basic (in usd per share) $ 1.01 $ 0.93
Diluted (in usd per share) $ 1.00 $ 0.92
Weighted average number of shares and equivalent shares    
Basic (in shares) 40.9 41.3
Diluted (in shares) 41.2 41.6
Statements of Comprehensive Income (Loss)    
Net income $ 41.2 $ 38.2
Other comprehensive income (loss), net of tax:    
Change in net unrealized investment losses on fixed maturity securities (43.3) 42.9
Change in net reserve remeasurements attributable to discount rates 22.7 (11.8)
Change in net funded status of benefit plans 0.0 0.0
Other comprehensive income (20.6) 31.1
Comprehensive income $ 20.6 $ 69.3