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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Net premiums and contract charges earned $ 255.9 $ 227.6
Net investment income 97.9 95.5
Net investment losses (15.5) (9.0)
Other income 8.5 7.9
Total revenues 346.8 322.0
Benefits, losses and expenses    
Benefits, claims and settlement expenses 177.0 134.3
Interest credited 40.8 50.6
Operating expenses 76.8 58.0
DAC unlocking and amortization expense 26.4 24.1
Intangible asset amortization expense 4.2 3.3
Interest expense 3.9 3.5
Total benefits, losses and expenses 329.1 273.8
Income before income taxes 17.7 48.2
Income tax expense 3.2 8.9
Net income $ 14.5 $ 39.3
Net income per share    
Basic (in usd per share) $ 0.35 $ 0.94
Diluted (in usd per share) $ 0.35 $ 0.93
Weighted average number of shares and equivalent shares    
Basic (in shares) 41.9 41.9
Diluted (in shares) 42.1 42.1
Net income $ 14.5 $ 39.3
Other comprehensive loss, net of tax:    
Change in net unrealized investment gains (losses) on fixed maturity securities (270.7) (122.7)
Change in net funded status of benefit plans 0.0 0.0
Other comprehensive loss (270.7) (122.7)
Comprehensive loss $ (256.2) $ (83.4)