Debt (Tables)

3 Months Ended

Mar. 31, 2022

Debt Disclosure [Abstract]

Long-term debt

The aggregate carrying values of our long-term debt obligations and their par values, if different, as of March 31, 2022 and December 31, 2021 are presented in table 3.1 below.

Long-term debt obligations
Table	3.1
(In millions)		March 31, 2022		December 31, 2021
FHLB Advance - 1.91%, due February 2023		$	—	$	155.0
5.75% Notes, due August 2023 (par value: $242.3 million)		241.4		241.3
5.25% Notes, due August 2028 (par value: $650 million)		640.6		640.2
9% Debentures, due April 2063 (1)		53.3		110.2
Long-term debt, carrying value		$	935.3	$	1,146.7

(1)Convertible at any time prior to maturity at the holder’s option, at a conversion rate, which is subject to adjustment, of 76.5496 shares per $1,000 principal amount, representing a conversion price of approximately $13.06 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.