Derivative Instruments and Hedging Activities (Tables)

9 Months Ended

Sep. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivatives Instruments Statements of Financial Performance and Financial Position, Location

The following table presents the derivative instruments, primary underlying risk exposure, gross notional amount, and estimated fair value of the Company’s derivatives:

		Sep 30, 2022			Dec 31, 2021
(Dollars in Millions)			Estimated Fair Value			Estimated Fair Value
Derivative Instrument	Primary Underlying Risk Exposure	Gross Notional Amount	Assets	Liabilities	Gross Notional Amount	Assets	Liabilities
Interest Swap Lock	Interest Rate Risk	5.0	—	0.3	—	—	—

Derivative Instruments, Gain (Loss)

Effects of Derivatives on the Interim Condensed Consolidated Statements of Income and Comprehensive Income (Loss)

Cash Flow Hedges

The below table reflects the amounts of Gains (Losses) deferred into AOCI and subsequently reclassified into Net Income through Net Realized Investment Gains (Losses) for derivatives qualifying as cash flow hedges for the nine and three months ended September 30, 2022 and 2021:

	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2022		Sep 30, 2021		Sep 30, 2022		Sep 30, 2021
Amount of Gains (Losses) Deferred in AOCI	$	(0.3)	$	—	$	(0.3)	$	—
Amount of Gains (Losses) Reclassified into Income	—		—		—		—
Net Comprehensive Gain (Loss) from Cash Flow Hedges	$	(0.3)	$	—	$	(0.3)	$	—

Note 8 - Derivatives (Continued)

Fair Value Hedges

The below table reflects the effects of changes in the designated hedged asset’s impacts on AOCI and Net Realized Investment Gains (Losses) as well as the derivative instruments designated as fair value hedges impact on Net Realized Investment Gains (Losses) for the nine and three months ended September 30, 2022 and 2021:

	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2022		Sep 30, 2021		Sep 30, 2022		Sep 30, 2021
Increase (Decrease) in Derivative Instruments Designated as Fair Value Hedges	$	1.1	$	—	$	4.7	$	—
Increase (Decrease) in Fair Value of Hedged Assets Reclassified from AOCI	(1.1)		—		(5.0)		—
Net Gain (Loss) from Hedging Activity	$	—	$	—	$	(0.3)	$	—

Schedule of Fair Value Hedging Instruments, Statements of Financial Performance and Financial Position, Location

The below table reflects the effects of changes in the designated hedged asset’s impacts on AOCI and Net Realized Investment Gains (Losses) as well as the derivative instruments designated as fair value hedges impact on Net Realized Investment Gains (Losses) for the nine and three months ended September 30, 2022 and 2021:

	Nine Months Ended				Three Months Ended
(Dollars in Millions)	Sep 30, 2022		Sep 30, 2021		Sep 30, 2022		Sep 30, 2021
Increase (Decrease) in Derivative Instruments Designated as Fair Value Hedges	$	1.1	$	—	$	4.7	$	—
Increase (Decrease) in Fair Value of Hedged Assets Reclassified from AOCI	(1.1)		—		(5.0)		—
Net Gain (Loss) from Hedging Activity	$	—	$	—	$	(0.3)	$	—