Reinsurance (Tables)

9 Months Ended

Sep. 30, 2022

Insurance [Abstract]

Effects of reinsurance on premiums and benefits

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 earned	262.0		17.6		13.4		257.8
Benefits, claims and settlement expenses	177.3		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 earned	230.9		8.1		2.6		225.4
Benefits, claims and settlement expenses	164.5		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 earned	783.4		53.5		39.6		769.5
Benefits, claims and settlement expenses	577.4		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 earned	696.6		24.6		6.8		678.8
Benefits, claims and settlement expenses	444.7		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.