Reinsurance (Tables)

6 Months Ended

Jun. 30, 2022

Effects of reinsurance on premiums and benefits

The effects of reinsurance on net premiums written and contract deposits; net premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:


($ in millions)	Direct Amount		Ceded to Other Companies(1)		Assumed from Other Companies		Net Amount
Three months ended June 30, 2022
Net premiums written and contract deposits(2)	$	374.5	$	16.4	$	13.7	$	371.8
Net premiums and contract charges earned	260.9		18.7		13.6		255.8
Benefits, claims and settlement expenses	220.6		14.3		1.3		207.6

Three months ended June 30, 2021
Net premiums written and contract deposits(2)	$	351.2	$	5.6	$	2.5	$	348.1
Net premiums and contract charges earned	231.5		8.1		2.4		225.8
Benefits, claims and settlement expenses	144.6		(1.0)		1.5		147.1

Six months ended June 30, 2022
Net premiums written and contract deposits(2)	$	734.1	$	31.3	$	26.1	$	728.9
Net premiums and contract charges earned	521.4		35.9		26.2		511.7
Benefits, claims and settlement expenses	400.1		25.8		10.3		384.6

Six months ended June 30, 2021
Net premiums written and contract deposits(2)	$	671.8	$	11.5	$	4.0	$	664.3
Net premiums and contract charges earned	465.7		16.5		4.2		453.4
Benefits, claims and settlement expenses	280.2		1.5		2.7		281.4

(1) Excludes the annuity reinsurance transaction accounted for using the deposit method.

(2) This measure is not based on accounting principles generally accepted in the United States of America (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as Exhibit 99.1 in the Company's reports filed with the SEC.