Reinsurance (Tables)

12 Months Ended

Dec. 31, 2022

Reinsurance

Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits

	For the year ended December 31,
	2022		2021		2020
	(in millions)
Premiums and other considerations:
Direct	$	5,216.5	$	4,869.7	$	6,050.4
Assumed		503.5		494.3		439.5
Ceded		(455.7)		(650.0)		(609.1)
Net premiums and other considerations	$	5,264.3	$	4,714.0	$	5,880.8
Benefits, claims and settlement expenses:
Direct	$	6,448.3	$	6,351.5	$	7,615.8
Assumed		775.0		796.1		746.4
Ceded		(1,572.6)		(665.0)		(524.7)
Net benefits, claims and settlement expenses	$	5,650.7	$	6,482.6	$	7,837.5

Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position

	December 31, 2022		December 31, 2021
	(in millions)
Cost of reinsurance asset	$	3,689.2	$	46.5
Cost of reinsurance liability	$	84.2	$	22.1

Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement

	December 31, 2022
	(in millions)
Fixed maturities, available-for-sale	$	15,693.5
Fixed maturities, trading		100.8
Equity securities		11.0
Mortgage loans		2,810.8
Other investments		179.8
Cash and cash equivalents		1,762.9
Accrued interest income		178.7
Net other liabilities		(33.6)
Net assets	$	20,703.9

Schedule of components of net investment income on the funds withheld assets that were passed to coinsurer

	For the year ended
	December 31, 2022
	(in millions)
Fixed maturities, available-for-sale	$	745.9
Fixed maturities, trading		2.0
Equity securities		0.6
Mortgage loans		98.4
Cash and cash equivalents		18.2
Other		4.8
Total		869.9
Investment expenses		(20.5)
Net investment income	$	849.4

Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer

	For the year ended
	December 31, 2022
	(in millions)
Fixed maturities, available-for-sale	$	(235.5)
Fixed maturities, trading		(6.4)
Equity securities		(2.4)
Mortgage loans		(24.8)
Derivatives		2.7
Other		3.3
Net realized capital losses	$	(263.1)