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STATEMENTS OF OPERATIONS - STATUTORY BASIS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
PREMIUMS AND OTHER REVENUES:      
Premiums and annuity considerations $ 633.5 $ 591.4 $ 519.4
Net investment income 55.7 49.2 40.2
Commission and expense allowance on reinsurance ceded 18.9 25.1 27.4
Income from fees associated with Separate Accounts 48.9 49.1 49.5
Other income 3.2 1.9 2.5
Total premiums and other revenues 760.2 716.7 639.0
BENEFITS AND EXPENSES:      
Policyholder benefits 192.2 127.8 88.8
Increase (decrease) in reserves 296.8 282.2 253.9
Separate Accounts’ modified coinsurance reinsurance 110.2 110.6 110.2
Commissions 119.5 118.0 109.9
Operating expenses 159.0 147.8 150.2
Transfer to or (from) Separate Accounts, net (3.7) 12.5 (17.3)
Total benefits and expenses 874.0 798.9 695.7
Net gain (loss) from operations before federal income taxes (FIT) (113.8) (82.2) (56.7)
FIT expense (benefit) incurred (excluding tax on capital gains) (19.1) 7.6 (21.3)
Net gain (loss) from operations (94.7) (89.8) (35.4)
Net realized capital gains (losses), net of tax 64.9 1.0 23.2
Net income (loss) $ (29.8) $ (88.8) $ (12.2)