v3.26.1
CONSOLIDATED BALANCE SHEET - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Investments:    
Fixed maturities, available for sale, at fair value (net of allowance for credit losses: June 30, 2026 - $41.5 and December 31, 2025 - $36.0; amortized cost: June 30, 2026 - $26,580.2 and December 31, 2025 - $25,776.4) $ 24,495.7 $ 23,886.8
Equity securities at fair value 337.2 389.2
Mortgage loans (net of allowance for credit losses: June 30, 2026 - $17.0 and December 31, 2025 - $20.9) 3,356.3 3,256.8
Policy loans 144.2 140.9
Trading securities 258.6 294.8
Investments held by variable interest entities (net of allowance for credit losses: June 30, 2026 - $1.6 and December 31, 2025 - $0.6; amortized cost: June 30, 2026 - $296.2 and December 31, 2025 - $294.1) 292.3 293.0
Other invested assets 1,858.6 1,737.0
Total investments 30,742.9 29,998.5
Cash and cash equivalents - unrestricted 1,289.7 956.1
Cash and cash equivalents held by variable interest entities 16.3 27.4
Accrued investment income 302.5 286.0
Present value of future profits 135.5 143.6
Deferred acquisition costs and sales inducements 2,508.1 2,397.3
Reinsurance receivables (net of allowance for credit losses: June 30, 2026 - $1.0 and December 31, 2025 - $1.0) 3,568.5 3,677.5
Income tax assets, net 709.7 713.3
Assets held in separate accounts 3.0 2.8
Other assets 585.0 588.1
Total assets 39,861.2 38,790.6
Liabilities for insurance products:    
Policyholder account balances 19,640.9 18,912.6
Future policy benefits 11,784.7 11,898.0
Market risk benefit liability 50.6 48.1
Liability for life insurance policy claims 61.8 58.4
Unearned and advanced premiums 219.0 228.0
Liabilities related to separate accounts 3.0 2.8
Other liabilities 957.1 952.8
Investment borrowings 2,941.7 2,441.7
Borrowings related to variable interest entities 274.5 274.4
Notes payable – direct corporate obligations 1,336.3 1,335.6
Total liabilities 37,269.6 36,152.4
Commitments and Contingencies (Note 14)
Shareholders' equity:    
Common stock ($0.01 par value, 8,000,000,000 shares authorized, shares issued and outstanding: June 30, 2026 – 92,696,990; December 31, 2025 – 94,484,339) 0.9 0.9
Additional paid-in capital 1,227.4 1,336.3
Accumulated other comprehensive loss (1,182.8) (1,115.0)
Retained earnings 2,546.1 2,416.0
Total shareholders' equity 2,591.6 2,638.2
Total liabilities and shareholders' equity $ 39,861.2 $ 38,790.6