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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Net premiums and contract charges earned $ 1,029.0 $ 889.6 $ 930.7
Net investment income 400.9 422.5 357.6
Net investment losses (56.5) (11.0) (2.3)
Other income 9.5 29.0 24.4
Total revenues 1,382.9 1,330.1 1,310.4
Benefits, losses and expenses      
Benefits, claims and settlement expenses 761.6 617.7 568.9
Interest credited 177.6 164.4 204.6
Operating expenses 315.9 251.5 237.8
DAC unlocking and amortization expense 98.7 94.7 99.9
Intangible asset amortization expense 16.8 13.0 14.4
Interest expense 19.4 13.9 15.2
Other expense - goodwill and intangible asset impairments 4.8 0.0 10.0
Total benefits, losses and expenses 1,394.8 1,155.2 1,150.8
Income (loss) before income taxes (11.9) 174.9 159.6
Income tax expense (benefit) (9.3) 32.1 26.3
Net income (loss) $ (2.6) $ 142.8 $ 133.3
Net income (loss) per share      
Net income per share - basic (in usd per share) $ (0.06) $ 3.40 $ 3.18
Diluted (in usd per share) $ (0.06) $ 3.39 $ 3.17
Weighted average number of shares and equivalent shares      
Basic (in shares) 41,600,000 42,000,000.0 41,900,000
Diluted (in shares) 41,800,000 42,200,000 42,000,000.0
Net income (loss) $ (2.6) $ 142.8 $ 133.3
Other comprehensive income (loss), net of tax:      
Change in net unrealized investment gains (losses) on fixed maturity securities (647.6) (75.6) 135.9
Change in net funded status of benefit plans (1.4) (1.0) 0.4
Other comprehensive income (loss) (646.2) (74.6) 135.5
Total comprehensive income (loss) $ (648.8) $ 68.2 $ 268.8