v3.25.2
Investments - Fixed Maturities (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Jun. 30, 2024
Mar. 31, 2024
Dec. 31, 2023
Available-for-sale securities            
Amortized cost, fixed maturities $ 75,590.1   $ 74,048.4      
Gross unrealized gains, fixed maturities 813.1   700.3      
Gross unrealized losses, fixed maturities 5,841.7   6,479.0      
Allowance, fixed maturities 3.1 $ 7.0 18.7 $ 2.9 $ 2.8 $ 4.7
Fair value, fixed maturities [1] 70,558.4   68,251.0      
Amortized cost, excluding portfolio layer method basis adjustment 75,615.6   74,104.1      
Gross unrealized gains, excluding portfolio layer method basis adjustment 787.6   644.6      
Gross unrealized losses, excluding portfolio layer method basis adjustment 5,841.7   6,479.0      
Allowance, excluding portfolio layer method basis adjustment 3.1   18.7      
Fair value, excluding portfolio layer method basis adjustment 70,558.4   68,251.0      
Amortized cost, unallocated portfolio layer method basis adjustment (25.5)   (55.7)      
Gross unrealized gains, unallocated portfolio layer method basis adjustment 25.5   55.7      
Accrued interest receivable 464.9   647.3      
U.S. government and agencies            
Available-for-sale securities            
Amortized cost, fixed maturities 1,843.4   1,937.4      
Gross unrealized gains, fixed maturities 9.1   0.2      
Gross unrealized losses, fixed maturities 269.1   299.7      
Fair value, fixed maturities 1,583.4   1,637.9      
Non-U.S. governments            
Available-for-sale securities            
Amortized cost, fixed maturities 554.4   567.3      
Gross unrealized gains, fixed maturities 17.1   12.9      
Gross unrealized losses, fixed maturities 73.7   84.5      
Fair value, fixed maturities 497.8   495.7      
States and political subdivisions            
Available-for-sale securities            
Amortized cost, fixed maturities 7,313.9   7,207.8      
Gross unrealized gains, fixed maturities 13.4   10.4      
Gross unrealized losses, fixed maturities 1,118.7   1,141.7      
Fair value, fixed maturities 6,208.6   6,076.5      
Corporate debt securities            
Available-for-sale securities            
Amortized cost, fixed maturities 39,341.3   38,911.1      
Gross unrealized gains, fixed maturities 623.5   509.9      
Gross unrealized losses, fixed maturities 3,396.9   3,699.9      
Allowance, fixed maturities 2.5 6.8 18.5 2.8 2.7 4.6
Fair value, fixed maturities 36,565.4   35,702.6      
Residential mortgage-backed pass-through securities            
Available-for-sale securities            
Amortized cost, fixed maturities 3,838.2   3,881.3      
Gross unrealized gains, fixed maturities 22.5   8.7      
Gross unrealized losses, fixed maturities 154.9   215.8      
Fair value, fixed maturities 3,705.8   3,674.2      
Commercial mortgage-backed securities            
Available-for-sale securities            
Amortized cost, fixed maturities 5,507.7   5,634.3      
Gross unrealized gains, fixed maturities 12.1   4.6      
Gross unrealized losses, fixed maturities 351.0   450.9      
Allowance, fixed maturities 0.3          
Fair value, fixed maturities 5,168.5   5,188.0      
Collateralized debt obligations            
Available-for-sale securities            
Amortized cost, fixed maturities 6,827.5   6,518.7      
Gross unrealized gains, fixed maturities 22.3   48.0      
Gross unrealized losses, fixed maturities 10.9   6.3      
Allowance, fixed maturities 0.1          
Fair value, fixed maturities 6,838.8   6,560.4      
Other debt obligations            
Available-for-sale securities            
Amortized cost, fixed maturities 10,389.2   9,446.2      
Gross unrealized gains, fixed maturities 67.6   49.9      
Gross unrealized losses, fixed maturities 466.5   580.2      
Allowance, fixed maturities 0.2 $ 0.2 0.2 $ 0.1 $ 0.1 $ 0.1
Fair value, fixed maturities $ 9,990.1   $ 8,915.7      
[1] See Note 4, Investments, for further details relating to the amortized cost of fixed maturities, available-for-sale.