v3.26.1
CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Insurance policy income $ 680.7 $ 651.3 $ 1,354.1 $ 1,302.0
Net investment income:        
General account assets 411.9 378.3 806.9 753.4
Policyholder and other special-purpose portfolios 185.1 105.4 120.2 41.8
Investment losses:        
Realized investment losses (8.6) (21.3) (16.4) (25.1)
Other investment gains (losses) (6.1) 2.9 (21.0) (0.1)
Total investment losses (14.7) (18.4) (37.4) (25.2)
Fee revenue and other income 22.2 34.9 71.0 83.6
Total revenues 1,285.2 1,151.5 2,314.8 2,155.6
Benefits and expenses:        
Insurance policy benefits 742.5 658.4 1,319.1 1,228.4
Liability for future policy benefits remeasurement gain (15.3) (12.8) (21.8) (25.0)
Change in fair value of market risk benefits (8.3) (10.9) 2.4 4.4
Interest expense 55.3 59.1 106.2 121.1
Amortization of deferred acquisition costs and present value of future profits 74.9 68.6 149.1 136.0
Gain on extinguishment of borrowings related to variable interest entities 0.0 0.0 0.0 (1.5)
Other operating costs and expenses 276.4 271.1 551.7 546.4
Total benefits and expenses 1,125.5 1,033.5 2,106.7 2,009.8
Income before income taxes 159.7 118.0 208.1 145.8
Income tax expense 33.8 26.2 44.5 32.5
Net income $ 125.9 $ 91.8 $ 163.6 $ 113.3
Basic:        
Weighted average shares outstanding (in shares) 93,194 98,572 93,636 99,658
Net income (in dollars per share) $ 1.35 $ 0.93 $ 1.75 $ 1.14
Diluted:        
Weighted average shares outstanding (in shares) 94,952 100,386 95,545 101,728
Net income (in dollars per share) $ 1.33 $ 0.91 $ 1.71 $ 1.11