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Reinsurance
6 Months Ended
Jun. 30, 2024
Insurance [Abstract]  
Reinsurance Reinsurance
The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. 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, 2024    
Net premiums written and contract deposits(2)
$413.8 $18.1 $7.8 $403.5 
Net premiums and contract charges earned293.1 19.8 7.6 280.9 
Benefits, claims and settlement expenses213.0 10.2 4.5 207.3 
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 earned271.6 20.0 9.1 260.7 
Benefits, claims and settlement expenses217.5 14.3 2.0 205.2 
Six months ended June 30, 2024
Net premiums written and contract deposits(2)
$800.2 $36.2 $15.1 $779.1 
Net premiums and contract charges earned581.1 39.6 14.6 556.1 
Benefits, claims and settlement expenses399.9 24.8 8.5 383.6 
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 earned535.6 38.5 19.5 516.6 
Benefits, claims and settlement expenses410.4 27.0 5.0 388.4 
(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.