Debt (Tables)

9 Months Ended

Sep. 30, 2021

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, 2021 and December 31, 2020 are presented in table 3.1 below.

Long-term debt obligations
Table	3.1
(In millions)		September 30, 2021		December 31, 2020
FHLB Advance - 1.91%, due February 2023		$	155.0	$	155.0
5.75% Notes, due August 2023 (par value: $242.3 million)		241.1		240.6
5.25% Notes, due August 2028 (par value: $650 million)		639.9		638.8
9% Debentures, due April 2063 (1)		208.8		208.8
Long-term debt, carrying value		$	1,244.8	$	1,243.2

(1)Convertible at any time prior to maturity at the holder’s option, at a conversion rate, which is subject to adjustment, of 75.5932 shares per $1,000 principal amount, representing a conversion price of approximately $13.23 per share. The payment of dividends by our holding company results in adjustments to the conversion rate, with such adjustment generally deferred until the end of the year.