Debt (Tables)

9 Months Ended

Sep. 30, 2020

Debt Disclosure [Abstract]

Long-term debt

The aggregate carrying values of our long-term debt obligations and their par values, if different, as of September 30, 2020 and December 31, 2019 are presented in table 3.1 below.

Long-term debt obligations
Table	3.1
(In millions)		September 30, 2020		December 31, 2019
FHLB Advance - 1.91%, due February 2023		$	155.0	$	155.0
5.75% Notes, due August 2023 (par value: $242.3 million)		240.4		$	420.8
5.25% Notes, due August 2028 (par value: $650 million)		638.5		—
9% Debentures, due April 2063 (1)		208.8		256.9
Long-term debt, carrying value		$	1,242.7	$	832.7

(1)Convertible at any time prior to maturity at the holder’s option, at a conversion rate, which is subject to adjustment, of 74.4718 shares per $1,000 principal amount, representing a conversion price of approximately $13.43 per share.