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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Net premiums and contract charges earned $ 275.2 $ 255.9
Net investment income 105.4 100.4
Net investment gains (losses) 2.2 (3.9)
Other income 3.2 1.5
Total revenues 386.0 353.9
Benefits, losses and expenses    
Benefits, claims and settlement expenses 176.3 183.2
Interest credited 52.9 48.7
Operating expenses 84.5 79.8
DAC amortization expense 27.0 23.7
Intangible asset amortization expense 3.6 3.7
Interest expense 8.7 6.7
Total benefits, losses and expenses 353.0 345.8
Income before income taxes 33.0 8.1
Income tax expense 6.5 1.5
Net income $ 26.5 $ 6.6
Net income per share    
Basic (in usd per share) $ 0.64 $ 0.16
Diluted (in usd per share) $ 0.64 $ 0.16
Weighted average number of shares and equivalent shares    
Basic (in shares) 41.3 41.3
Diluted (in shares) 41.5 41.4
Statements of Comprehensive Income (Loss)    
Net income $ 26.5 $ 6.6
Other comprehensive income (loss), net of tax:    
Change in net unrealized investment losses on fixed maturity securities (19.7) 93.2
Change in net reserve remeasurements attributable to discount rates 41.4 (41.2)
Change in net funded status of benefit plans 0.0 0.0
Other comprehensive income 21.7 52.0
Comprehensive income (loss) $ 48.2 $ 58.6