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Basis of Presentation and Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Deferred Policy Acquisition Costs Asset by Segment
The Company's DAC by reporting segment was as follows:
($ in millions)December 31,
20242023
Property & Casualty$34.4 $29.3 
Life & Retirement301.4 297.7 
Supplemental & Group Benefits11.4 9.3 
Total$347.2 $336.3 
Schedule of Property and Equipment The following amounts are included in Other assets in the Consolidated Balance Sheets:
($ in millions)December 31,
20242023
Property and equipment$143.1 $129.4 
Less: accumulated depreciation69.7 60.8 
Total$73.4 $68.6 
Schedule of FHLB Funding Agreements
As of December 31, 2024, scheduled maturity dates for outstanding FHLB funding agreements were as follows:
($ in millions)
AmountInterest RateMaturity Date
120.0 4.7 %December 11, 2026
25.0 4.6 %September 09, 2026
10.0 4.9 %August 26, 2026
5.0 4.9 %August 26, 2026
10.0 4.8 %May 20, 2026
50.0 4.8 %May 20, 2026
50.0 4.8 %February 13, 2026
10.0 4.8 %February 13, 2026
200.0 4.8 %January 16, 2026
10.0 4.8 %November 21, 2025
125.0 0.6 %September 11, 2025
20.0 4.9 %August 06, 2025
12.5 0.7 %June 26, 2025
20.0 4.9 %April 23, 2025
10.0 4.9 %April 02, 2025
25.0 4.9 %April 02, 2025
30.0 4.9 %February 28, 2025
10.0 4.9 %February 28, 2025
10.0 0.5 %February 14, 2025
40.0 4.9 %February 07, 2025
31.0 4.9 %February 07, 2025
25.0 4.9 %January 15, 2025
60.0 4.9 %January 10, 2025
25.0 4.9 %January 10, 2025
6.0 4.9 %January 10, 2025
50.0 4.9 %January 10, 2025
Total$989.5 
Schedule of Stock Options Fair Value Pricing Model Weighted-Average Assumptions The fair value of stock options granted was estimated on the respective dates of grant using the Black-Scholes option pricing model with the weighted average assumptions shown in the following table.
Year Ended December 31,
202420232022
Number of stock options granted230,240 209,028 162,224 
Weighted average grant date fair value of stock options granted$8.12 $8.50 $8.51 
Weighted average assumptions:
Risk-free interest rate4.0 %4.1 %1.9 %
Expected dividend yield3.9 %3.6 %3.2 %
Expected life, in years5.65.35.2
Expected volatility (based on historical volatility)30.7 %30.9 %30.2 %
Schedule of Contributions to Qualified Defined Contribution Plan, 401(k), Non-Qualified Defined Contribution Plan and Total Assets of the Plans
For the two qualified plans, all assets are held in their respective plan trusts. The assets and projected benefit obligation at the end of the year are as follows:
($ in millions)Year Ended December 31,
20242023
401(k) plan assets
$265.8 $245.7 
Defined benefit plan assets
13.0 13.9 
Projected benefit obligation
14.6 16.2 
Schedule of Computations of Net Income Per Share on both Basic and Diluted Bases, Including Reconciliations of the Numerators and Denominators
The computations of net income (loss) per share on both basic and diluted bases, including reconciliations of the numerators and denominators, were as follows (2022 recast for the adoption of LDTI):
($ in millions)Year Ended December 31,
202420232022
Basic:
Net income for the period
$102.8 $45.0 $19.8 
Weighted average number of common shares
during the period (in millions)
41.3 41.3 41.6 
Net income per share - basic
$2.49 $1.09 $0.48 
Diluted:
Net income for the period
$102.8 $45.0 $19.8 
Weighted average number of common shares
during the period (in millions)
41.3 41.3 41.6 
Weighted average number of common equivalent shares to reflect the
dilutive effect of common stock equivalent securities (in millions):
Stock options— — — 
CSUs related to deferred compensation for employees— — — 
RSUs related to incentive compensation0.2 0.1 0.2 
Total common and common equivalent shares adjusted
to calculate diluted earnings per share (in millions)
41.5 41.4 41.8 
Net income per share - diluted
$2.48 $1.09 $0.47