| DEFERRED ACQUISITION COSTS, PRESENT VALUE OF FUTURE PROFITS AND SALES INDUCEMENTS Changes in deferred acquisition costs were as follows (dollars in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended | | | June 30, 2026 | | | Fixed indexed annuities | | Fixed interest annuities | | Supplemental health | | Medicare supplement | | Long-term care | | Interest-sensitive life | | Traditional life | | Funding agreements | | Total | | Beginning of period | | $ | 497.4 | | | $ | 41.8 | | | $ | 473.5 | | | $ | 162.9 | | | $ | 165.3 | | | $ | 277.5 | | | $ | 592.2 | | | $ | 10.1 | | | $ | 2,220.7 | | | Capitalizations | | 56.5 | | | 5.0 | | | 37.6 | | | 20.3 | | | 17.4 | | | 20.9 | | | 62.9 | | | 2.2 | | | 222.8 | | | Amortization expense | | (34.8) | | | (3.4) | | | (20.2) | | | (12.5) | | | (8.4) | | | (9.0) | | | (37.7) | | | (2.2) | | | (128.2) | | | End of period | | $ | 519.1 | | | $ | 43.4 | | | $ | 490.9 | | | $ | 170.7 | | | $ | 174.3 | | | $ | 289.4 | | | $ | 617.4 | | | $ | 10.1 | | | $ | 2,315.3 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended | | | June 30, 2025 | | | Fixed indexed annuities | | Fixed interest annuities | | Supplemental health | | Medicare supplement | | Long-term care | | Interest-sensitive life | | Traditional life | | Funding agreements | | Total | | Beginning of period | | $ | 450.0 | | | $ | 35.9 | | | $ | 438.1 | | | $ | 157.4 | | | $ | 148.6 | | | $ | 256.0 | | | $ | 529.5 | | | $ | 9.9 | | | $ | 2,025.4 | | | Capitalizations | | 54.6 | | | 6.6 | | | 35.4 | | | 14.6 | | | 14.6 | | | 18.1 | | | 68.6 | | | — | | | 212.5 | | | Amortization expense | | (31.5) | | | (3.2) | | | (18.6) | | | (12.5) | | | (7.7) | | | (8.3) | | | (33.3) | | | (1.6) | | | (116.7) | | | End of period | | $ | 473.1 | | | $ | 39.3 | | | $ | 454.9 | | | $ | 159.5 | | | $ | 155.5 | | | $ | 265.8 | | | $ | 564.8 | | | $ | 8.3 | | | $ | 2,121.2 | |
Changes in the present value of future profits were as follows (dollars in millions):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended | | June 30, 2026 | | | | | | Supplemental health | | Medicare supplement | | Long-term care | | Traditional life | | Fixed indexed annuities | | Fixed interest annuities | | Total | | | | | | Beginning of period | $ | 117.4 | | | $ | 12.0 | | | $ | 3.7 | | | $ | 9.9 | | | $ | 0.4 | | | $ | 0.2 | | | $ | 143.6 | | | | | | | | | | | | | | | | | | | | | | | | | Amortization expense | (5.5) | | | (1.6) | | | (0.3) | | | (0.7) | | | — | | | — | | | (8.1) | | | | | | | End of period | $ | 111.9 | | | $ | 10.4 | | | $ | 3.4 | | | $ | 9.2 | | | $ | 0.4 | | | $ | 0.2 | | | $ | 135.5 | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended | | | | | | June 30, 2025 | | | | | | Supplemental health | | Medicare supplement | | Long-term care | | Traditional life | | Fixed indexed annuities | | Fixed interest annuities | | Total | | | | | | Beginning of period | $ | 128.8 | | | $ | 15.7 | | | $ | 4.4 | | | $ | 11.3 | | | $ | 0.5 | | | $ | 0.3 | | | $ | 161.0 | | | | | | | | | | | | | | | | | | | | | | | | | Amortization expense | (5.8) | | | (1.9) | | | (0.4) | | | (0.7) | | | (0.1) | | | — | | | (8.9) | | | | | | | End of period | $ | 123.0 | | | $ | 13.8 | | | $ | 4.0 | | | $ | 10.6 | | | $ | 0.4 | | | $ | 0.3 | | | $ | 152.1 | | | | | |
Changes in sales inducements were as follows (dollars in millions):
| | | | | | | | | | | | | | | | | | | | | | | Six months ended | | | June 30, 2026 | | | Fixed indexed annuities | | Fixed interest annuities | | Total | | Beginning of period | | $ | 170.1 | | | $ | 6.5 | | | $ | 176.6 | | | Capitalizations | | 28.1 | | | 0.9 | | | 29.0 | | | Amortization expense | | (12.3) | | | (0.5) | | | (12.8) | | | End of period | | $ | 185.9 | | | $ | 6.9 | | | $ | 192.8 | |
| | | | | | | | | | | | | | | | | | | | | | | Six months ended | | | June 30, 2025 | | | Fixed indexed annuities | | Fixed interest annuities | | Total | | Beginning of period | | $ | 128.1 | | | $ | 5.1 | | | $ | 133.2 | | | Capitalizations | | 31.2 | | | 1.1 | | | 32.3 | | | Amortization expense | | (9.9) | | | (0.5) | | | (10.4) | | | End of period | | $ | 149.4 | | | $ | 5.7 | | | $ | 155.1 | |
|