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Reinsurance
9 Months Ended
Sep. 30, 2022
Insurance [Abstract]  
Reinsurance Reinsurance
The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. The effects of reinsurance on net premiums written and contract deposits; net premiums and contract charges earned; and benefits, claims and settlement expenses were as follows:
($ in millions)Direct
Amount
Ceded to
Other
Companies(1)
Assumed
from Other
Companies
Net
Amount
Three months ended September 30, 2022    
Net premiums written and contract deposits(2)
$390.3 $15.4 $13.4 $388.3 
Net premiums and contract charges earned262.0 17.6 13.4 257.8 
Benefits, claims and settlement expenses177.3 8.4 4.7 173.6 
Three months ended September 30, 2021    
Net premiums written and contract deposits(2)
$366.0 $5.5 $2.6 $363.1 
Net premiums and contract charges earned230.9 8.1 2.6 225.4 
Benefits, claims and settlement expenses164.5 1.5 1.8 164.8 
Nine months ended September 30, 2022
Net premiums written and contract deposits(2)
$1,124.4 $46.7 $39.5 $1,117.2 
Net premiums and contract charges earned783.4 53.5 39.6 769.5 
Benefits, claims and settlement expenses577.4 34.2 15.0 558.2 
Nine months ended September 30, 2021
Net premiums written and contract deposits(2)
$1,037.8 $17.0 $6.6 $1,027.4 
Net premiums and contract charges earned696.6 24.6 6.8 678.8 
Benefits, claims and settlement expenses444.7 3.0 4.5 446.2 
(1)    Excludes the annuity reinsurance transaction accounted for using the deposit method.
(2)    This measure is not based on accounting principles generally accepted in the United States of America (non-GAAP). An explanation of this non-GAAP measure is contained in the Glossary of Selected Terms included as Exhibit 99.1 in the Company's reports filed with the SEC.