Reinsurance (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023
Net premiums written and contract deposits(2)	$	394.7	$	17.9	$	9.4	$	386.2
Net premiums and contract charges earned	271.6		20.0		9.1		260.7
Benefits, claims and settlement expenses	217.5		14.3		2.0		205.2

Three months ended June 30, 2022
Net premiums written and contract deposits(2)	$	375.1	$	16.5	$	13.7	$	372.3
Net premiums and contract charges earned	260.5		18.7		13.6		255.4
Benefits, claims and settlement expenses	212.4		18.5		9.5		203.4

Six months ended June 30, 2023
Net premiums written and contract deposits(2)	$	762.5	$	34.5	$	19.8	$	747.8
Net premiums and contract charges earned	535.6		38.5		19.5		516.6
Benefits, claims and settlement expenses	410.4		27.0		5.0		388.4

Six months ended June 30, 2022
Net premiums written and contract deposits(2)	$	735.9	$	31.3	$	26.1	$	730.7
Net premiums and contract charges earned	520.9		35.9		26.2		511.2
Benefits, claims and settlement expenses	394.0		25.7		10.3		378.6

(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.