The Company recognizes the cost of reinsurance premiums over the contract periods for such premiums in proportion to the insurance protection provided. Amounts recoverable from reinsurers for unpaid claims and claim settlement expenses, including estimated amounts for unsettled claims, claims incurred but not yet reported and policy benefits, are estimated in a manner consistent with the insurance liability associated with the policy. 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		Assumed from Other Companies		Net Amount
Three months ended June 30, 2025(1)
Net premiums written and contract deposits(2)	$	427.9	$	15.4	$	6.3	$	418.8
Net premiums and contract charges earned	311.9		15.3		6.0		302.6
Benefits, claims and settlement expenses	192.1		11.0		2.4		183.5

Three months ended June 30, 2024
Net premiums written and contract deposits(2)	$	413.8	$	18.1	$	7.8	$	403.5
Net premiums and contract charges earned	293.1		19.8		7.6		280.9
Benefits, claims and settlement expenses	213.0		10.2		4.5		207.3

Six months ended June 30, 2025(1)
Net premiums written and contract deposits(2)	$	830.3	$	30.5	$	12.2	$	812.0
Net premiums and contract charges earned	618.6		29.7		12.0		600.9
Benefits, claims and settlement expenses	381.7		22.0		7.0		366.7

Six months ended June 30, 2024
Net premiums written and contract deposits(2)	$	800.2	$	36.2	$	15.1	$	779.1
Net premiums and contract charges earned	581.1		39.6		14.6		556.1
Benefits, claims and settlement expenses	399.9		24.8		8.5		383.6

(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.