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Reinsurance (Tables)
9 Months Ended
Sep. 30, 2022
Reinsurance  
Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits

For the three months ended September 30, 

For the nine months ended September 30, 

2022

2021

2022

2021

(in millions)

Premiums and other considerations:

    

  

    

  

    

  

    

  

Direct

$

1,591.7

$

1,395.7

$

4,068.9

$

3,803.2

Ceded

 

(105.2)

 

(165.2)

 

(328.8)

 

(467.9)

Net premiums and other considerations

$

1,486.5

$

1,230.5

$

3,740.1

$

3,335.3

Benefits, claims and settlement expenses:

 

  

 

  

 

  

 

  

Direct

$

2,117.0

$

1,924.5

$

5,639.9

$

5,418.4

Ceded

 

(382.2)

 

(153.6)

 

(1,166.6)

 

(460.0)

Net benefits, claims and settlement expenses

$

1,734.8

$

1,770.9

$

4,473.3

$

4,958.4

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

September 30, 2022

December 31, 2021

(in millions)

Cost of reinsurance asset

    

$

3,710.8

    

$

46.5

Cost of reinsurance liability

$

80.2

$

22.1

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

    

September 30, 2022

(in millions)

Fixed maturities, available-for-sale

$

16,808.9

Fixed maturities, trading

 

59.4

Equity securities

 

10.3

Mortgage loans

 

2,766.2

Other investments

 

32.6

Cash and cash equivalents

 

989.6

Accrued interest income

 

182.0

Net other liabilities

 

(58.2)

Net assets

$

20,790.8