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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Premiums and contract charges earned $ 225.8 $ 225.4 $ 453.4 $ 461.7
Net investment income 109.2 80.4 204.7 162.7
Net investment gains (losses) 4.9 3.2 (4.1) (15.3)
Other income 7.2 5.9 15.1 13.1
Total revenues 347.1 314.9 669.1 622.2
Benefits, losses and expenses        
Benefits, claims and settlement expenses 147.1 143.0 281.4 281.7
Interest credited 51.2 50.7 101.8 102.2
Operating expenses 60.5 55.7 118.5 116.4
DAC unlocking and amortization expense 23.5 20.4 47.6 50.4
Intangible asset amortization expense 3.2 3.7 6.5 7.4
Interest expense 3.5 4.0 7.0 8.2
Total benefits, losses and expenses 289.0 277.5 562.8 566.3
Income before income taxes 58.1 37.4 106.3 55.9
Income tax expense 11.4 6.9 20.3 6.9
Net income $ 46.7 $ 30.5 $ 86.0 $ 49.0
Net income per share        
Basic (in usd per share) $ 1.11 $ 0.73 $ 2.05 $ 1.17
Diluted (in usd per share) $ 1.11 $ 0.73 $ 2.04 $ 1.17
Weighted average number of shares and equivalent shares        
Basic (in shares) 42.0 41.9 42.0 41.9
Diluted (in shares) 42.1 42.0 42.1 42.0
Net income $ 46.7 $ 30.5 $ 86.0 $ 49.0
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment gains (losses) on fixed maturity securities 88.6 142.5 (34.1) 48.7
Change in net funded status of benefit plans 0.0 0.0 0.0 0.0
Other comprehensive income (loss) 88.6 142.5 (34.1) 48.7
Comprehensive income (loss) $ 135.3 $ 173.0 $ 51.9 $ 97.7