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UNAUDITED INTERIM CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES    
Premiums $ 10.0 $ 7.0
Policy charges and fee income 112.0 117.0
Net investment income 70.0 76.0
Asset management and service fees 23.0 22.0
Other income 2.0 1.0
Investment gains (losses), net (321.0) 165.0
TOTAL REVENUES (104.0) 388.0
BENEFITS AND EXPENSES    
Policyholder benefits and changes in fair value of insurance liabilities (314.0) 340.0
Commission expense 23.0 23.0
General, administrative and other expenses 18.0 18.0
TOTAL BENEFITS AND EXPENSES (273.0) 381.0
INCOME FROM OPERATIONS BEFORE INCOME TAXES 169.0 7.0
Less: Income tax expense 24.0 0.3
NET INCOME 145.0 7.0
Other comprehensive income (loss), before tax:    
Changes in own-credit risk related to insurance liabilities (13.0) 22.0
Less: Income tax expense (benefit) related to other comprehensive income (loss) (3.0) 5.0
Other comprehensive income (loss), net of taxes (10.0) 17.0
COMPREHENSIVE INCOME $ 135.0 $ 24.0