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 | |
(1) Direct amount is net of the annuity reinsurance transaction accounted for using the deposit method. (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.
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