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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Premiums and contract charges earned $ 227.6 $ 236.3
Net investment income 95.5 82.3
Net investment losses (9.0) (18.5)
Other income 7.9 7.2
Total revenues 322.0 307.3
Benefits, losses and expenses    
Benefits, claims and settlement expenses 134.3 138.7
Interest credited 50.6 51.5
Operating expenses 58.0 60.7
DAC unlocking and amortization expense 24.1 30.0
Intangible asset amortization expense 3.3 3.7
Interest expense 3.5 4.2
Total benefits, losses and expenses 273.8 288.8
Income before income taxes 48.2 18.5
Income tax expense 8.9 0.0
Net income $ 39.3 $ 18.5
Net income per share    
Basic (in usd per share) $ 0.94 $ 0.44
Diluted (in usd per share) $ 0.93 $ 0.44
Weighted average number of shares and equivalent shares    
Basic (in shares) 41.9 41.8
Diluted (in shares) 42.1 42.0
Net income $ 39.3 $ 18.5
Other comprehensive income (loss), net of tax:    
Change in net unrealized investment gains (losses) on fixed maturity securities (122.7) (93.8)
Change in net funded status of benefit plans 0.0 0.0
Other comprehensive income (loss) (122.7) (93.8)
Comprehensive income (loss) $ (83.4) $ (75.3)