Receivables from Policyholders - Allowance for Expected Credit Losses

9 Months Ended

Sep. 30, 2024

Receivables from Policyholders - Allowance for Expected Credit Losses

The following tables present the balances of Receivables from Policyholders, net of the allowance for expected credit losses, as of September 30, 2024 and 2023, and a roll forward of changes in the allowance for expected credit losses for the three and nine months ended September 30, 2024 and 2023.


	Three Months Ended September 30, 2024
(Dollars in Millions)	Specialty		Life		Total Segments		Non-Core Operations		Total Allowance for Expected Credit Losses
Balance, Beginning of Period	$	4.3	$	—	$	4.3	$	0.5	$	4.8
Provision for Expected Credit Losses	12.7		0.1		12.8		0.1		12.9
Write-offs of Uncollectible Receivables from Policyholders	(13.8)		(0.1)		(13.9)		(0.2)		(14.1)
Balance, End of Period	$	3.2	$	—	$	3.2	$	0.4	$	3.6

Receivable Balance, End of Period	$	954.1	$	11.4	$	965.5	$	17.3	$	982.8


	Three Months Ended September 30, 2023
(Dollars in Millions)	Specialty		Life		Total Segments		Non-Core Operations		Total Allowance for Expected Credit Losses
Balance, Beginning of Period	$	11.4	$	—	$	11.4	$	0.6	$	12.0
Provision for Expected Credit Losses	10.9		—		10.9		0.4		11.3
Write-offs of Uncollectible Receivables from Policyholders	(9.5)		—		(9.5)		(0.3)		(9.8)
Balance, End of Period	$	12.8	$	—	$	12.8	$	0.7	$	13.5

Receivable Balance, End of Period	$	1,002.4	$	11.4	$	1,013.8	$	88.8	$	1,102.6


	Nine Months Ended September 30, 2024
(Dollars in Millions)	Specialty		Life		Total Segments		Non-Core Operations		Total Allowance for Expected Credit Losses
Balance, Beginning of Year	$	12.9	$	—	$	12.9	$	1.0	$	13.9
Provision for Expected Credit Losses	26.4		0.2		26.6		0.6		27.2
Write-offs of Uncollectible Receivables from Policyholders	(36.1)		(0.2)		(36.3)		(1.2)		(37.5)
Balance, End of Period	$	3.2	$	—	$	3.2	$	0.4	$	3.6

Receivable Balance, End of Period	$	954.1	$	11.4	$	965.5	$	17.3	$	982.8

Note 11 - Receivables from Policyholders - Allowance for Expected Credit Losses (Continued)


	Nine Months Ended September 30, 2023
(Dollars in Millions)	Specialty		Life		Total Segments		Non-Core Operations		Total Allowance for Expected Credit Losses
Balance, Beginning of Year	$	12.3	$	—	$	12.3	$	0.8	$	13.1
Provision for Expected Credit Losses	31.3		0.3		31.6		1.2		32.8
Write-offs of Uncollectible Receivables from Policyholders	(30.8)		(0.3)		(31.1)		(1.3)		(32.4)
Balance, End of Period	$	12.8	$	—	$	12.8	$	0.7	$	13.5

Receivable Balance, End of Period	$	1,002.4	$	11.4	$	1,013.8	$	88.8	$	1,102.6