Long-Duration Insurance Contracts - Balances of and Changes in the LFPB (Details) - USD ($) $ in Millions |
3 Months Ended |
6 Months Ended |
12 Months Ended |
|
|
Jun. 30, 2025 |
Jun. 30, 2025 |
Dec. 31, 2024 |
Mar. 31, 2025 |
Dec. 31, 2023 |
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Net liability for future policy benefits |
$ 1,624.4
|
$ 1,624.4
|
$ 1,622.8
|
|
|
Whole Life |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
Beginning balance |
231.0
|
229.1
|
|
|
|
Beginning period (including reserves) |
|
|
|
|
$ 223.2
|
Beginning balance at original discount rate |
262.0
|
263.2
|
|
|
|
Beginning balance at original discount rate (including reserves) |
|
|
247.1
|
|
|
Change in cash flow assumptions |
|
|
0.0
|
$ 0.0
|
13.8
|
Actual variances from expected experience |
|
|
1.3
|
1.9
|
3.2
|
Adjusted balance |
|
|
264.5
|
263.9
|
264.1
|
Issuances |
3.4
|
5.9
|
12.6
|
|
|
Interest accruals |
2.1
|
4.1
|
7.6
|
|
|
Net premiums collected |
(4.7)
|
(9.8)
|
(21.1)
|
|
|
Ending balance at original discount rate |
264.7
|
264.7
|
263.2
|
|
|
Effect of changes in discount rate assumptions |
(30.3)
|
(30.3)
|
(34.1)
|
|
|
Ending balance |
234.4
|
234.4
|
229.1
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Beginning balance |
510.7
|
504.3
|
|
|
|
Beginning balance (including reserves) |
|
|
522.0
|
|
|
Beginning balance at original discount rate |
622.1
|
622.1
|
617.4
|
618.2
|
|
Beginning balance at original discount rate (including reserves) |
|
|
592.1
|
|
|
Changes in cash flow assumptions |
|
|
0.0
|
0.0
|
13.7
|
Actual variances from expected experience |
|
|
2.0
|
3.1
|
3.4
|
Adjusted balance |
|
|
619.4
|
621.3
|
609.2
|
Issuances |
3.5
|
5.9
|
12.6
|
|
|
Interest accruals |
5.2
|
10.4
|
19.8
|
|
|
Benefit payments |
(7.9)
|
(13.6)
|
(24.2)
|
|
|
Ending balance at original discount rate |
622.1
|
622.1
|
617.4
|
|
|
Effect of changes in discount rate assumptions |
(108.1)
|
(108.1)
|
(113.1)
|
|
|
Ending balance |
514.0
|
514.0
|
504.3
|
|
|
Net liability for future policy benefits |
279.5
|
279.5
|
275.2
|
|
|
Less: Reinsurance recoverable |
(60.1)
|
(60.1)
|
(60.2)
|
|
|
Net liability for future policy benefits, after reinsurance recoverable |
219.4
|
219.4
|
215.0
|
|
|
Impact of flooring on net liability for future policy benefits |
0.0
|
0.0
|
0.0
|
|
|
Net liability for future policy benefits |
219.4
|
219.4
|
215.0
|
|
|
Term Life |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
Beginning balance |
249.6
|
245.9
|
|
|
|
Beginning period (including reserves) |
|
|
|
|
240.0
|
Beginning balance at original discount rate |
271.0
|
271.2
|
|
|
|
Beginning balance at original discount rate (including reserves) |
|
|
256.6
|
|
|
Change in cash flow assumptions |
|
|
0.0
|
0.0
|
4.6
|
Actual variances from expected experience |
|
|
(2.0)
|
0.5
|
(0.5)
|
Adjusted balance |
|
|
269.2
|
271.5
|
260.7
|
Issuances |
5.9
|
11.7
|
25.2
|
|
|
Interest accruals |
2.8
|
5.6
|
10.7
|
|
|
Net premiums collected |
(6.9)
|
(13.2)
|
(25.4)
|
|
|
Ending balance at original discount rate |
273.3
|
273.3
|
271.2
|
|
|
Effect of changes in discount rate assumptions |
(20.1)
|
(20.1)
|
(25.3)
|
|
|
Ending balance |
253.2
|
253.2
|
245.9
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Beginning balance |
387.9
|
377.8
|
|
|
|
Beginning balance (including reserves) |
|
|
370.1
|
|
|
Beginning balance at original discount rate |
442.4
|
442.4
|
433.2
|
437.3
|
|
Beginning balance at original discount rate (including reserves) |
|
|
405.4
|
|
|
Changes in cash flow assumptions |
|
|
0.0
|
0.0
|
5.6
|
Actual variances from expected experience |
|
|
(2.6)
|
0.6
|
(1.0)
|
Adjusted balance |
|
|
430.6
|
437.9
|
410.0
|
Issuances |
5.9
|
11.8
|
25.5
|
|
|
Interest accruals |
4.3
|
8.6
|
16.1
|
|
|
Benefit payments |
(5.7)
|
(8.6)
|
(18.4)
|
|
|
Ending balance at original discount rate |
442.4
|
442.4
|
433.2
|
|
|
Effect of changes in discount rate assumptions |
(48.2)
|
(48.2)
|
(55.4)
|
|
|
Ending balance |
394.2
|
394.2
|
377.8
|
|
|
Net liability for future policy benefits |
141.0
|
141.0
|
131.8
|
|
|
Less: Reinsurance recoverable |
(20.4)
|
(20.4)
|
(19.3)
|
|
|
Net liability for future policy benefits, after reinsurance recoverable |
120.6
|
120.6
|
112.5
|
|
|
Impact of flooring on net liability for future policy benefits |
0.0
|
0.0
|
0.0
|
|
|
Net liability for future policy benefits |
120.6
|
120.6
|
112.5
|
|
|
Experience life |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
Beginning balance |
64.9
|
66.6
|
|
|
|
Beginning period (including reserves) |
|
|
|
|
71.7
|
Beginning balance at original discount rate |
63.1
|
65.4
|
|
|
|
Beginning balance at original discount rate (including reserves) |
|
|
67.0
|
|
|
Change in cash flow assumptions |
|
|
0.0
|
0.0
|
1.5
|
Actual variances from expected experience |
|
|
1.6
|
3.2
|
0.0
|
Adjusted balance |
|
|
67.0
|
66.3
|
68.5
|
Issuances |
0.0
|
0.0
|
0.0
|
|
|
Interest accruals |
0.9
|
1.8
|
3.7
|
|
|
Net premiums collected |
(1.8)
|
(3.4)
|
(6.8)
|
|
|
Ending balance at original discount rate |
65.4
|
65.4
|
65.4
|
|
|
Effect of changes in discount rate assumptions |
2.2
|
2.2
|
1.2
|
|
|
Ending balance |
67.6
|
67.6
|
66.6
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Beginning balance |
814.8
|
813.2
|
|
|
|
Beginning balance (including reserves) |
|
|
883.0
|
|
|
Beginning balance at original discount rate |
771.8
|
771.8
|
782.8
|
776.3
|
|
Beginning balance at original discount rate (including reserves) |
|
|
797.5
|
|
|
Changes in cash flow assumptions |
|
|
0.0
|
0.0
|
2.2
|
Actual variances from expected experience |
|
|
3.2
|
5.4
|
0.2
|
Adjusted balance |
|
|
786.0
|
781.7
|
799.9
|
Issuances |
0.0
|
0.0
|
0.0
|
|
|
Interest accruals |
11.5
|
23.0
|
46.7
|
|
|
Benefit payments |
(21.4)
|
(37.2)
|
(63.8)
|
|
|
Ending balance at original discount rate |
771.8
|
771.8
|
782.8
|
|
|
Effect of changes in discount rate assumptions |
38.9
|
38.9
|
30.4
|
|
|
Ending balance |
810.7
|
810.7
|
813.2
|
|
|
Net liability for future policy benefits |
743.1
|
743.1
|
746.6
|
|
|
Less: Reinsurance recoverable |
(0.8)
|
(0.8)
|
(0.9)
|
|
|
Net liability for future policy benefits, after reinsurance recoverable |
742.3
|
742.3
|
745.7
|
|
|
Impact of flooring on net liability for future policy benefits |
0.0
|
0.0
|
0.0
|
|
|
Net liability for future policy benefits |
742.3
|
742.3
|
745.7
|
|
|
Limited-Pay Whole Life |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
Beginning balance |
34.0
|
34.2
|
|
|
|
Beginning period (including reserves) |
|
|
|
|
32.2
|
Beginning balance at original discount rate |
36.2
|
36.8
|
|
|
|
Beginning balance at original discount rate (including reserves) |
|
|
33.9
|
|
|
Change in cash flow assumptions |
|
|
0.0
|
0.0
|
2.2
|
Actual variances from expected experience |
|
|
(0.2)
|
0.1
|
0.0
|
Adjusted balance |
|
|
36.6
|
36.3
|
36.1
|
Issuances |
0.5
|
1.0
|
4.0
|
|
|
Interest accruals |
0.3
|
0.7
|
1.4
|
|
|
Net premiums collected |
(1.0)
|
(2.2)
|
(4.7)
|
|
|
Ending balance at original discount rate |
36.1
|
36.1
|
36.8
|
|
|
Effect of changes in discount rate assumptions |
(1.9)
|
(1.9)
|
(2.6)
|
|
|
Ending balance |
34.2
|
34.2
|
34.2
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Beginning balance |
87.7
|
86.2
|
|
|
|
Beginning balance (including reserves) |
|
|
89.6
|
|
|
Beginning balance at original discount rate |
116.4
|
116.4
|
114.3
|
115.1
|
|
Beginning balance at original discount rate (including reserves) |
|
|
105.6
|
|
|
Changes in cash flow assumptions |
|
|
0.0
|
0.0
|
2.4
|
Actual variances from expected experience |
|
|
(0.1)
|
0.3
|
0.0
|
Adjusted balance |
|
|
114.2
|
115.4
|
108.0
|
Issuances |
0.5
|
1.0
|
4.0
|
|
|
Interest accruals |
1.1
|
2.2
|
4.2
|
|
|
Benefit payments |
(0.6)
|
(1.0)
|
(1.9)
|
|
|
Ending balance at original discount rate |
116.4
|
116.4
|
114.3
|
|
|
Effect of changes in discount rate assumptions |
(27.6)
|
(27.6)
|
(28.1)
|
|
|
Ending balance |
88.8
|
88.8
|
86.2
|
|
|
Net liability for future policy benefits |
54.6
|
54.6
|
52.1
|
|
|
Less: Reinsurance recoverable |
(1.5)
|
(1.5)
|
(1.4)
|
|
|
Net liability for future policy benefits, after reinsurance recoverable |
53.1
|
53.1
|
50.7
|
|
|
Impact of flooring on net liability for future policy benefits |
0.0
|
0.0
|
0.0
|
|
|
Net liability for future policy benefits |
53.1
|
53.1
|
50.7
|
|
|
Supplemental health |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
Beginning balance |
182.6
|
179.9
|
|
|
|
Beginning period (including reserves) |
|
|
|
|
182.0
|
Beginning balance at original discount rate |
214.6
|
214.6
|
|
|
|
Beginning balance at original discount rate (including reserves) |
|
|
213.4
|
|
|
Change in cash flow assumptions |
|
|
0.0
|
0.0
|
(5.2)
|
Actual variances from expected experience |
|
|
(1.5)
|
0.0
|
2.9
|
Adjusted balance |
|
|
213.1
|
214.6
|
211.1
|
Issuances |
6.6
|
12.7
|
20.9
|
|
|
Interest accruals |
1.8
|
3.5
|
6.8
|
|
|
Net premiums collected |
(6.4)
|
(12.7)
|
(24.2)
|
|
|
Ending balance at original discount rate |
216.6
|
216.6
|
214.6
|
|
|
Effect of changes in discount rate assumptions |
(30.4)
|
(30.4)
|
(34.7)
|
|
|
Ending balance |
186.2
|
186.2
|
179.9
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Beginning balance |
385.6
|
383.4
|
|
|
|
Beginning balance (including reserves) |
|
|
427.6
|
|
|
Beginning balance at original discount rate |
476.8
|
476.8
|
482.8
|
480.1
|
|
Beginning balance at original discount rate (including reserves) |
|
|
517.9
|
|
|
Changes in cash flow assumptions |
|
|
0.0
|
0.0
|
(6.5)
|
Actual variances from expected experience |
|
|
(3.1)
|
(1.0)
|
2.5
|
Adjusted balance |
|
|
479.7
|
479.1
|
513.9
|
Issuances |
6.6
|
12.7
|
20.9
|
|
|
Interest accruals |
3.5
|
7.0
|
14.4
|
|
|
Benefit payments |
(12.4)
|
(22.6)
|
(66.4)
|
|
|
Ending balance at original discount rate |
476.8
|
476.8
|
482.8
|
|
|
Effect of changes in discount rate assumptions |
(92.1)
|
(92.1)
|
(99.4)
|
|
|
Ending balance |
384.7
|
384.7
|
383.4
|
|
|
Net liability for future policy benefits |
198.5
|
198.5
|
203.5
|
|
|
Less: Reinsurance recoverable |
(4.2)
|
(4.2)
|
(4.7)
|
|
|
Net liability for future policy benefits, after reinsurance recoverable |
194.3
|
194.3
|
198.8
|
|
|
Impact of flooring on net liability for future policy benefits |
0.0
|
0.0
|
0.0
|
|
|
Net liability for future policy benefits |
194.3
|
194.3
|
198.8
|
|
|
Cancer |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Net liability for future policy benefits |
69.4
|
69.4
|
72.2
|
|
|
Accident |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Net liability for future policy benefits |
18.6
|
18.6
|
18.8
|
|
|
Disability |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Net liability for future policy benefits |
22.1
|
22.1
|
21.4
|
|
|
Other |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Net liability for future policy benefits |
84.2
|
84.2
|
86.4
|
|
|
SPIA (life contingent) |
|
|
|
|
|
Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
|
Beginning balance |
0.0
|
0.0
|
|
|
|
Beginning period (including reserves) |
|
|
|
|
0.0
|
Beginning balance at original discount rate |
0.0
|
0.0
|
|
|
|
Beginning balance at original discount rate (including reserves) |
|
|
0.0
|
|
|
Change in cash flow assumptions |
|
|
0.0
|
0.0
|
0.0
|
Actual variances from expected experience |
|
|
0.0
|
0.0
|
0.0
|
Adjusted balance |
|
|
0.0
|
0.0
|
0.0
|
Issuances |
0.7
|
1.3
|
2.8
|
|
|
Interest accruals |
0.0
|
0.0
|
0.0
|
|
|
Net premiums collected |
(0.7)
|
(1.3)
|
(2.8)
|
|
|
Ending balance at original discount rate |
0.0
|
0.0
|
0.0
|
|
|
Effect of changes in discount rate assumptions |
0.0
|
0.0
|
0.0
|
|
|
Ending balance |
0.0
|
0.0
|
0.0
|
|
|
Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
|
Beginning balance |
97.2
|
97.3
|
|
|
|
Beginning balance (including reserves) |
|
|
104.2
|
|
|
Beginning balance at original discount rate |
105.2
|
105.2
|
107.3
|
106.0
|
|
Beginning balance at original discount rate (including reserves) |
|
|
111.4
|
|
|
Changes in cash flow assumptions |
|
|
0.0
|
0.0
|
0.0
|
Actual variances from expected experience |
|
|
0.0
|
0.2
|
0.2
|
Adjusted balance |
|
|
107.3
|
$ 106.2
|
$ 111.6
|
Issuances |
0.7
|
1.3
|
2.8
|
|
|
Interest accruals |
1.1
|
2.1
|
4.3
|
|
|
Benefit payments |
(2.8)
|
(5.5)
|
(11.4)
|
|
|
Ending balance at original discount rate |
105.2
|
105.2
|
107.3
|
|
|
Effect of changes in discount rate assumptions |
(8.1)
|
(8.1)
|
(10.0)
|
|
|
Ending balance |
97.1
|
97.1
|
97.3
|
|
|
Net liability for future policy benefits |
97.1
|
97.1
|
97.3
|
|
|
Less: Reinsurance recoverable |
(3.7)
|
(3.7)
|
(3.5)
|
|
|
Net liability for future policy benefits, after reinsurance recoverable |
93.4
|
93.4
|
93.8
|
|
|
Impact of flooring on net liability for future policy benefits |
0.0
|
0.0
|
0.0
|
|
|
Net liability for future policy benefits |
$ 93.4
|
$ 93.4
|
$ 93.8
|
|
|