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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Net premiums and contract charges earned $ 289.1 $ 266.0 $ 845.2 $ 782.6
Net investment income 113.0 118.9 326.8 327.8
Net investment gains (losses) 3.8 (8.4) 0.1 (29.7)
Other income 6.2 2.2 14.1 8.3
Total revenues 412.1 378.7 1,186.2 1,089.0
Benefits, losses and expenses        
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses $1200000, $(0.6), $900000, $(0.9)) 191.3 199.2 574.9 587.6
Interest credited 54.8 52.7 161.5 152.1
Operating expenses 82.9 75.7 250.4 235.6
DAC amortization expense 28.1 26.3 82.1 75.4
Intangible asset amortization expense 3.6 3.7 10.9 11.1
Interest expense 8.7 7.5 26.1 21.1
Total benefits, losses and expenses 369.4 365.1 1,105.9 1,082.9
Income before income taxes 42.7 13.6 80.3 6.1
Income tax expense 8.4 1.9 15.7 0.6
Net income $ 34.3 $ 11.7 $ 64.6 $ 5.5
Net income per share        
Basic (in usd per share) $ 0.83 $ 0.28 $ 1.56 $ 0.13
Diluted (in usd per share) $ 0.83 $ 0.28 $ 1.56 $ 0.13
Weighted average number of shares and equivalent shares        
Basic (in shares) 41.2 41.3 41.3 41.3
Diluted (in shares) 41.4 41.4 41.5 41.4
Statements of Comprehensive Income (Loss)        
Net income $ 34.3 $ 11.7 $ 64.6 $ 5.5
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment losses on fixed maturity securities 133.2 (141.0) 91.1 (85.1)
Change in net reserve remeasurements attributable to discount rates (73.5) 90.7 (0.1) 74.6
Change in net funded status of benefit plans 0.0 0.0 0.0 0.0
Other comprehensive income 59.7 (50.3) 91.0 (10.5)
Comprehensive income (loss) $ 94.0 $ (38.6) $ 155.6 $ (5.0)