Insurance Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Contractholder Funds (Table)

	December 31,
	2022		2021
	(in millions)
Liabilities for investment contracts:
Liabilities for individual annuities	$	7,739.3	$	10,652.3
GICs		13,787.7		12,206.0
Funding agreements		12,318.7		11,685.5
Other investment contracts		1,493.4		1,593.5
Total liabilities for investment contracts		35,339.1		36,137.3
Universal life and other reserves		7,438.2		7,460.7
Total contractholder funds	$	42,777.3	$	43,598.0

Liability for Unpaid Claims (Table)

	For the year ended December 31,
	2022		2021		2020
	(in millions)
Balance at beginning of year	$	2,659.4	$	2,534.9	$	2,365.5
Less: reinsurance recoverable		442.1		436.9		403.8
Net balance at beginning of year		2,217.3		2,098.0		1,961.7
Incurred:
Current year		1,664.2		1,572.5		1,376.8
Prior years		32.1		7.2		26.6
Total incurred		1,696.3		1,579.7		1,403.4
Payments:
Current year		1,093.2		1,025.0		863.8
Prior years		465.4		435.4		403.3
Total payments		1,558.6		1,460.4		1,267.1
Net balance at end of year		2,355.0		2,217.3		2,098.0
Plus: reinsurance recoverable		478.1		442.1		436.9
Balance at end of year	$	2,833.1	$	2,659.4	$	2,534.9
Amounts not included in the rollforward above:
Claim adjustment expense liabilities	$	59.7	$	59.5	$	57.8

Reconciliation of unpaid claims to liability for unpaid claims (Table)

	December 31, 2022
			Dental, Vision, STD,
	LTD and Group Life		Critical Illness,
	Waiver		Accident and PFML		Group Life		Consolidated
	(in millions)
Net outstanding liabilities for unpaid claims	$	1,240.3	$	79.7	$	73.2	$	1,393.2
Reconciling items:
Reinsurance recoverable on unpaid claims		45.3		—		0.4		45.7
Impact of discounting		(209.4)		—		—		(209.4)
Liability for unpaid claims - short-duration contracts	$	1,076.2	$	79.7	$	73.6		1,229.5
Insurance contracts other than short-duration								1,603.6
Liability for unpaid claims							$	2,833.1

Claim Duration and Payout (Table)

	December 31, 2022 (1)
			Dental, Vision, STD,
	LTD and Group Life		Critical Illness,
Year	Waiver		Accident and PFML		Group Life
1	7.9	%	91.8	%	79.6	%
2	24.7		8.0		18.5
3	15.4
4	8.3
5	5.8
6	5.2
7	4.3
8	3.4
9	3.2
10	2.6

(1) Unaudited.

Discounting (Table)

						Dental, Vision, STD,
	LTD and Group Life					Critical Illness,
	Waiver					Accident and PFML					Group Life
	($ in millions)
Carrying amount of liabilities for unpaid claims
December 31, 2022	$			1,076.2		$			79.7		$			73.6
December 31, 2021				1,057.5					73.1					80.2
Range of discount rates
December 31, 2022		2.8	-	7.0	%		—	-	—	%		—	-	—	%
December 31, 2021		2.8	-	7.0			—	-	—			—	-	—
Aggregate amount of discount
December 31, 2022	$			209.4		$			—		$			—
December 31, 2021				208.0					—					—
Interest accretion
For the year ended:
December 31, 2022	$			33.0		$			—		$			—
December 31, 2021				33.8					—					—
December 31, 2020				33.9					—					—

Long-Term Disability/Group Life Waiver

Claims Development (Table)

																					Incurred			Cumulative
																					but not			number of
																					reported			reported
	Net incurred claims (1)																				claims			claims
	December 31,
	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022		2022		2022
	($ in millions)
Incurral
year
2013	$	219.3	$	203.3	$	188.4	$	190.7	$	182.3	$	179.5	$	177.1	$	173.4	$	174.5	$	174.5	$	0.1		7,051
2014				242.2		231.4		214.4		218.1		206.2		201.9		202.0		199.3		199.8		0.1		7,604
2015						231.0		227.2		217.2		215.3		208.2		210.0		211.8		210.5		0.1		7,181
2016								229.8		228.4		219.4		219.5		214.4		218.7		221.9		0.1		6,167
2017										238.4		239.7		243.1		245.8		245.2		246.5		0.1		6,082
2018												239.4		245.1		239.2		239.8		235.3		0.1		5,774
2019														255.2		248.4		240.4		240.2		5.7		5,945
2020																252.1		231.0		221.1		8.4		5,913
2021																		259.7		244.5		4.0		5,484
2022																				274.3		109.8		3,422
Total net incurred claims																			$	2,268.6

	Net cumulative paid claims (1)
	December 31,
	2013		2014		2015		2016		2017		2018		2019		2020		2021		2022
	(in millions)
Incurral
year
2013	$	12.5	$	55.0	$	81.4	$	97.0	$	106.4	$	116.4	$	123.2	$	129.0	$	134.9	$	139.6
2014				16.1		66.0		96.3		111.8		122.3		132.4		140.8		147.2		153.3
2015						16.9		67.0		98.0		114.6		126.8		137.1		146.5		154.0
2016								16.2		70.6		105.6		124.9		136.8		147.2		157.1
2017										17.8		76.5		115.0		135.9		151.7		165.4
2018												20.1		79.9		115.7		135.7		150.3
2019														19.2		79.7		117.5		136.4
2020																20.6		78.8		113.1
2021																		19.8		79.0
2022																				19.6
Total net paid claims																				1,267.8
All outstanding liabilities for unpaid claims prior to 2013 net of reinsurance																				239.5
Total outstanding liabilities for unpaid claims net of reinsurance																			$	1,240.3

(1) 2013-2021 unaudited.

Dental/Vision/Short-Term Disability/Critical Illness/Accident/PFML

Claims Development (Table)

					Incurred		Cumulative
					but not		number of
					reported		reported
	Net incurred claims (1)				claims		claims
	December 31,
	2021		2022		2022		2022
	($ in millions)
Incurral year
2021	$	826.0	$	814.1	$	—		3,749,753
2022				924.4		56.5		4,114,456
Total net incurred claims			$	1,738.5
	Net cumulative
	paid claims (1)
	December 31,
	2021		2022
	(in millions)
Incurral year
2021	$	753.4	$	813.3
2022				845.5
Total net paid claims				1,658.8
All outstanding liabilities for unpaid claims prior to 2021 net of reinsurance				—
Total outstanding liabilities for unpaid claims net of reinsurance			$	79.7

(1) 2021 unaudited.

Group Life

Claims Development (Table)

					Incurred		Cumulative
					but not		number of
					reported		reported
	Net incurred claims (1)				claims		claims
	December 31,
	2021		2022		2022		2022
	($ in millions)
Incurral year
2021	$	317.6	$	321.5	$	0.8		7,079
2022				279.3		24.7		5,368
Total net incurred claims			$	600.8
	Net cumulative
	paid claims (1)
	December 31,
	2021		2022
	(in millions)
Incurral year
2021	$	243.9	$	314.3
2022				218.3
Total net paid claims				532.6
All outstanding liabilities for unpaid claims prior to 2021 net of reinsurance				5.0
Total outstanding liabilities for unpaid claims net of reinsurance			$	73.2

(1) 2021 unaudited.