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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
[1]
Revenues      
Net premiums and contract charges earned $ 1,146.0 $ 1,057.1 $ 1,027.7
Net investment income 445.7 444.8 400.9
Net investment losses (17.3) (24.0) (56.5)
Other income 20.8 14.0 9.5
Revenues, Total 1,595.2 1,491.9 1,381.6
Benefits, losses and expenses      
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses $1.6, $(1.6), $(2.5)) 745.0 769.1 747.0
Interest credited 215.9 205.7 173.4
Operating expenses 345.5 318.1 315.5
DAC amortization expense 111.1 101.2 88.2
Intangible asset amortization expense 14.5 14.8 16.8
Interest expense 34.6 29.7 19.4
Other expense - goodwill and intangible asset impairments 0.0 0.0 4.8
Total benefits, losses and expenses 1,466.6 1,438.6 1,365.1
Income before income taxes 128.6 53.3 16.5
Income tax expense (benefit) 25.8 8.3 (3.3)
Net income $ 102.8 $ 45.0 $ 19.8
Net income per share      
Basic (in usd per share) $ 2.49 $ 1.09 $ 0.48
Diluted (in usd per share) $ 2.48 $ 1.09 $ 0.47
Weighted average number of shares and equivalent shares      
Basic (in shares) 41.3 41.3 41.6
Diluted (in shares) 41.5 41.4 41.8
Net income $ 102.8 $ 45.0 $ 19.8
Other comprehensive income (loss), net of tax:      
Change in net unrealized investment gains (losses) on fixed maturity securities (29.1) 121.3 (796.7)
Change in net reserve remeasurements attributable to discount rates 89.0 (37.1) 445.9
Change in net funded status of benefit plans 0.6 1.2 1.4
Other comprehensive income (loss) 60.5 85.4 (349.4)
Total comprehensive income (loss) $ 163.3 $ 130.4 $ (329.6)
[1] Recast for the adoption of ASU 2018-12.