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CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturities, available for sale, at fair value (net of allowance for credit losses of $10.8 at June 30, 2020; amortized cost: June 30, 2020 - $19,641.6; December 31, 2019 - $19,179.5) $ 22,167.9 $ 21,295.2
Equity securities at fair value (cost: June 30, 2020 - $68.5; December 31, 2019 - $44.2) 60.5 44.1
Mortgage loans (net of allowance for credit losses of $11.6 at June 30, 2020) 1,459.9 1,566.1
Policy loans 124.3 124.5
Trading securities 240.6 243.9
Investments held by variable interest entities (net of allowance for credit losses of $27.7 at June 30, 2020; amortized cost: June 30, 2020 - $1,223.7; December 31, 2019 - $1,206.3) 1,137.4 1,188.6
Other invested assets 993.8 1,118.5
Total investments 26,184.4 25,580.9
Cash and cash equivalents - unrestricted 521.1 580.0
Cash and cash equivalents held by variable interest entities 36.8 74.7
Accrued investment income 205.3 205.9
Present value of future profits 263.4 275.4
Deferred acquisition costs 1,120.9 1,215.5
Reinsurance receivables (net of allowance for credit losses of $4.0 at June 30, 2020) 4,712.6 4,785.7
Income tax assets, net 428.8 432.6
Assets held in separate accounts 3.7 4.2
Other assets 502.5 476.0
Total assets 33,979.5 33,630.9
Liabilities for insurance products:    
Policyholder account liabilities 12,171.3 12,132.3
Future policy benefits 11,767.5 11,498.5
Liability for policy and contract claims 488.6 522.3
Unearned and advanced premiums 243.6 260.5
Liabilities related to separate accounts 3.7 4.2
Other liabilities 788.3 750.2
Investment borrowings 1,643.4 1,644.3
Borrowings related to variable interest entities 1,152.2 1,152.5
Notes payable – direct corporate obligations 989.7 989.1
Total liabilities 29,248.3 28,953.9
Commitments and Contingencies
Shareholders' equity:    
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: June 30, 2020 – 141,718,570; December 31, 2019 – 148,084,178) 1.4 1.5
Additional paid-in capital 2,664.3 2,767.3
Accumulated other comprehensive income 1,520.2 1,372.5
Retained earnings 545.3 535.7
Total shareholders' equity 4,731.2 4,677.0
Total liabilities and shareholders' equity $ 33,979.5 $ 33,630.9