Reinsurance (Tables)

3 Months Ended

Mar. 31, 2023

Reinsurance

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

	For the three months ended March 31,
	2023		2022
	(in millions)
Premiums and other considerations:
Direct	$	1,563.3	$	1,040.5
Ceded		(114.7)		(153.1)
Net premiums and other considerations	$	1,448.6	$	887.4
Benefits, claims and settlement expenses:
Direct	$	2,107.8	$	1,629.5
Ceded		(333.9)		(138.8)
Net benefits, claims and settlement expenses	$	1,773.9	$	1,490.7
Liability for future policy benefits remeasurement (gain) loss:
Direct	$	12.7	$	20.3
Ceded		(18.3)		(6.9)
Net liability for future policy benefits remeasurement (gain) loss	$	(5.6)	$	13.4

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

	March 31, 2023		December 31, 2022
	(in millions)
Cost of reinsurance asset	$	3,315.0	$	3,339.1
Cost of reinsurance liability	$	184.5	$	191.1

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

	March 31, 2023		December 31, 2022
	(in millions)
Fixed maturities, available-for-sale	$	16,231.7	$	15,693.5
Fixed maturities, trading		103.2		100.8
Equity securities		0.3		11.0
Mortgage loans		2,735.1		2,810.8
Other investments		203.0		179.8
Cash and cash equivalents		1,522.8		1,762.9
Accrued interest income		200.0		178.7
Net other liabilities		(223.7)		(33.6)
Net assets	$	20,772.4	$	20,703.9

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

	For the three months ended
	March 31, 2023
		(in millions)
Fixed maturities, available-for-sale	$	(57.0)
Fixed maturities, trading		(0.1)
Equity securities		(1.2)
Derivatives		2.9
Net realized capital losses	$	(55.4)