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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Premiums and contract charges earned $ 225.4 $ 235.3 $ 678.8 $ 697.0
Net investment income 103.7 93.7 308.4 256.4
Net investment (losses) gains (6.5) 2.5 (10.6) (12.8)
Other income 7.0 5.6 22.1 17.5
Total revenues 329.6 337.1 998.7 958.1
Benefits, losses and expenses        
Benefits, claims and settlement expenses 164.8 151.4 446.2 433.1
Interest credited 51.9 51.1 153.7 153.3
Operating expenses 64.3 57.9 182.8 173.1
DAC unlocking and amortization expense 22.9 24.6 70.5 75.0
Intangible asset amortization expense 3.3 3.5 9.8 10.9
Interest expense 3.4 3.5 10.4 11.7
Total benefits, losses and expenses 310.6 292.0 873.4 857.1
Income before income taxes 19.0 45.1 125.3 101.0
Income tax expense 2.7 8.6 23.0 15.5
Net income $ 16.3 $ 36.5 $ 102.3 $ 85.5
Net income per share        
Basic (in usd per share) $ 0.39 $ 0.87 $ 2.44 $ 2.04
Diluted (in usd per share) $ 0.39 $ 0.87 $ 2.43 $ 2.03
Weighted average number of shares and equivalent shares        
Basic (in shares) 42.0 41.9 42.0 41.9
Diluted (in shares) 42.2 42.1 42.2 42.0
Net income $ 16.3 $ 36.5 $ 102.3 $ 85.5
Other comprehensive (loss) income, net of tax:        
Change in net unrealized investment gains (losses) on fixed maturity securities (25.3) 49.1 (59.4) 97.8
Change in net funded status of benefit plans 0.0 0.0 0.0 0.0
Other comprehensive (loss) income (25.3) 49.1 (59.4) 97.8
Comprehensive (loss) income $ (9.0) $ 85.6 $ 42.9 $ 183.3