Underwriting, Acquisition and General Expenses (Details) - USD ($) $ in Millions |
3 Months Ended | |
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Mar. 31, 2025 |
Mar. 31, 2024 |
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Underwriting, Acquisition and Insurance Expenses [Abstract] | ||
Commission expense | $ 20.8 | $ 31.1 |
Other underwriting and insurance expenses | 53.1 | 68.1 |
Amortization of value of business acquired and other intangible assets | 9.9 | 42.9 |
Total | 83.8 | 142.1 |
Net deferral of policy acquisition costs | (3.2) | (25.0) |
Total underwriting, acquisition and general expenses | $ 80.6 | $ 117.1 |
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- Definition Net amount of amortization of deferred policy acquisition costs recognized and/or policy acquisition costs deferred in current period. No definition available.
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- Definition Other Underwriting Acquisition And Insurance Expenses No definition available.
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- Definition Costs incurred during the period, such as those relating to general administration and policy maintenance that do not vary with and are not primarily related to the acquisition or renewal of insurance contracts, excluding amortization of deferred acquisition costs. No definition available.
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- Definition Costs incurred during the period related to selling the Company's products and services including the amortization of deferred policy acquisition costs charged to expense in the period, as well as other costs incurred during the period, such as those relating to general administration and policy maintenance. No definition available.
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- Definition Underwriting, Acquisition and Insurance Expenses No definition available.
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- Definition The adjustment that represents the periodic charge against earnings to reduce the value of business acquired (VOBA) over the expected life of the underlying insurance contracts. VOBA reflects the estimated fair value of a life insurance business in force and represents the portion of the cost to acquire the business that is allocated to the value of the right to receive future cash flows from insurance contracts existing at the date of acquisition. Such value is the present value of the actuarially determined projected cash flows for the acquired policies. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of fees incurred for commissions on mutual funds and insurance products. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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