LIABILITIES FOR INSURANCE PRODUCTS - SUMMARY OF CHANGES IN LIABILITY FOR FUTURE POLICY BENEFITS (Details) - USD ($) $ in Millions |
6 Months Ended |
|
|
Jun. 30, 2026 |
Jun. 30, 2025 |
Dec. 31, 2025 |
Dec. 31, 2024 |
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
| Present value of expected net premiums ("PVENP"), beginning of period |
$ 9,717.6
|
$ 9,112.5
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
257.2
|
514.4
|
|
|
| Beginning PVENP at original discount rate |
9,974.8
|
9,626.9
|
|
|
| Effect of actual variances from expected experience |
|
|
$ (29.6)
|
$ (75.5)
|
| Adjusted beginning of period PVENP |
|
|
9,945.2
|
9,551.4
|
| Issuances |
826.5
|
705.2
|
|
|
| Interest accrual |
220.7
|
206.3
|
|
|
| Net premiums collected |
(714.7)
|
(693.0)
|
|
|
| Ending PVENP at original discount rate |
10,277.7
|
9,769.9
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(361.5)
|
(345.7)
|
|
|
| PVENP, end of period |
9,916.2
|
9,424.2
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
| Present value of expected future policy benefits ("PVEFPB"), beginning of period |
19,195.2
|
18,279.0
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
700.9
|
1,171.7
|
|
|
| Beginning PVEFPB at original discount rate |
19,896.1
|
19,450.7
|
|
|
| Effect of actual variances from expected experience |
|
|
(53.3)
|
(101.7)
|
| Adjusted beginning of period PVEFPB |
|
|
19,842.8
|
19,349.0
|
| Issuances |
829.0
|
710.9
|
|
|
| Interest accrual |
464.6
|
448.1
|
|
|
| Benefit payments |
(877.0)
|
(865.9)
|
|
|
| Ending PVEFPB at original discount rate |
20,259.4
|
19,642.1
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(914.5)
|
(903.3)
|
|
|
| PVEFPB, end of period |
19,344.9
|
18,738.8
|
|
|
| Net liability for future policy benefits |
9,428.7
|
9,314.6
|
|
|
| Flooring impact |
1.3
|
0.7
|
|
|
| Adjusted net liability for future policy benefits |
9,430.0
|
9,315.3
|
|
|
| Related reinsurance recoverable |
(536.6)
|
(538.3)
|
|
|
| Net liability for future policy benefits, net of reinsurance recoverable |
8,893.4
|
8,777.0
|
|
|
| Adjusted net liability for future policy benefits |
9,430.0
|
9,315.3
|
|
|
| Reserves excluded from rollforward |
2,256.9
|
2,374.9
|
|
|
| Deferred liability |
72.7
|
69.7
|
|
|
| Future loss reserves |
25.1
|
27.8
|
|
|
| Future policy benefits |
11,784.7
|
11,787.7
|
11,898.0
|
|
| Supplemental health |
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
| Present value of expected net premiums ("PVENP"), beginning of period |
2,645.7
|
2,643.9
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
107.6
|
180.0
|
|
|
| Beginning PVENP at original discount rate |
2,753.3
|
2,823.9
|
|
|
| Effect of actual variances from expected experience |
|
|
14.6
|
(46.8)
|
| Adjusted beginning of period PVENP |
|
|
2,767.9
|
2,777.1
|
| Issuances |
132.1
|
171.5
|
|
|
| Interest accrual |
61.3
|
61.6
|
|
|
| Net premiums collected |
(175.5)
|
(178.7)
|
|
|
| Ending PVENP at original discount rate |
2,785.8
|
2,831.5
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(136.1)
|
(138.2)
|
|
|
| PVENP, end of period |
2,649.7
|
2,693.3
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
| Present value of expected future policy benefits ("PVEFPB"), beginning of period |
5,984.2
|
5,828.2
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
359.2
|
516.6
|
|
|
| Beginning PVEFPB at original discount rate |
6,343.4
|
6,344.8
|
|
|
| Effect of actual variances from expected experience |
|
|
18.1
|
(52.8)
|
| Adjusted beginning of period PVEFPB |
|
|
6,361.5
|
6,292.0
|
| Issuances |
132.2
|
174.6
|
|
|
| Interest accrual |
147.2
|
146.3
|
|
|
| Benefit payments |
(212.9)
|
(216.4)
|
|
|
| Ending PVEFPB at original discount rate |
6,428.0
|
6,396.5
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(426.3)
|
(441.6)
|
|
|
| PVEFPB, end of period |
6,001.7
|
5,954.9
|
|
|
| Net liability for future policy benefits |
3,352.0
|
3,261.6
|
|
|
| Flooring impact |
0.0
|
0.0
|
|
|
| Adjusted net liability for future policy benefits |
3,352.0
|
3,261.6
|
|
|
| Related reinsurance recoverable |
(1.6)
|
(1.3)
|
|
|
| Net liability for future policy benefits, net of reinsurance recoverable |
3,350.4
|
3,260.3
|
|
|
| Adjusted net liability for future policy benefits |
3,352.0
|
3,261.6
|
|
|
| Medicare supplement |
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
| Present value of expected net premiums ("PVENP"), beginning of period |
3,661.6
|
3,161.9
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
111.5
|
195.2
|
|
|
| Beginning PVENP at original discount rate |
3,773.1
|
3,357.1
|
|
|
| Effect of actual variances from expected experience |
|
|
30.0
|
51.6
|
| Adjusted beginning of period PVENP |
|
|
3,803.1
|
3,408.7
|
| Issuances |
419.2
|
253.5
|
|
|
| Interest accrual |
83.8
|
71.1
|
|
|
| Net premiums collected |
(255.0)
|
(230.1)
|
|
|
| Ending PVENP at original discount rate |
4,051.1
|
3,503.2
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(148.7)
|
(133.3)
|
|
|
| PVENP, end of period |
3,902.4
|
3,369.9
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
| Present value of expected future policy benefits ("PVEFPB"), beginning of period |
3,864.0
|
3,375.6
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
120.6
|
211.5
|
|
|
| Beginning PVEFPB at original discount rate |
3,984.6
|
3,587.1
|
|
|
| Effect of actual variances from expected experience |
|
|
30.9
|
57.7
|
| Adjusted beginning of period PVEFPB |
|
|
4,015.5
|
3,644.8
|
| Issuances |
419.3
|
253.6
|
|
|
| Interest accrual |
88.7
|
76.2
|
|
|
| Benefit payments |
(268.4)
|
(252.8)
|
|
|
| Ending PVEFPB at original discount rate |
4,255.1
|
3,721.8
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(160.1)
|
(144.4)
|
|
|
| PVEFPB, end of period |
4,095.0
|
3,577.4
|
|
|
| Net liability for future policy benefits |
192.6
|
207.5
|
|
|
| Flooring impact |
1.3
|
0.7
|
|
|
| Adjusted net liability for future policy benefits |
193.9
|
208.2
|
|
|
| Related reinsurance recoverable |
0.0
|
0.0
|
|
|
| Net liability for future policy benefits, net of reinsurance recoverable |
193.9
|
208.2
|
|
|
| Adjusted net liability for future policy benefits |
193.9
|
208.2
|
|
|
| Long-term care |
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
| Present value of expected net premiums ("PVENP"), beginning of period |
1,196.6
|
1,102.8
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
(4.8)
|
25.7
|
|
|
| Beginning PVENP at original discount rate |
1,191.8
|
1,128.5
|
|
|
| Effect of actual variances from expected experience |
|
|
(26.3)
|
(26.0)
|
| Adjusted beginning of period PVENP |
|
|
1,165.5
|
1,102.5
|
| Issuances |
89.8
|
84.1
|
|
|
| Interest accrual |
28.0
|
26.4
|
|
|
| Net premiums collected |
(85.2)
|
(82.2)
|
|
|
| Ending PVENP at original discount rate |
1,198.1
|
1,130.8
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(10.3)
|
(6.3)
|
|
|
| PVENP, end of period |
1,187.8
|
1,124.5
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
| Present value of expected future policy benefits ("PVEFPB"), beginning of period |
4,409.2
|
4,240.1
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
10.5
|
94.1
|
|
|
| Beginning PVEFPB at original discount rate |
4,419.7
|
4,334.2
|
|
|
| Effect of actual variances from expected experience |
|
|
(44.5)
|
(37.1)
|
| Adjusted beginning of period PVEFPB |
|
|
4,375.2
|
4,297.1
|
| Issuances |
89.9
|
84.2
|
|
|
| Interest accrual |
115.5
|
114.0
|
|
|
| Benefit payments |
(145.1)
|
(144.8)
|
|
|
| Ending PVEFPB at original discount rate |
4,435.5
|
4,350.5
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(65.2)
|
(49.8)
|
|
|
| PVEFPB, end of period |
4,370.3
|
4,300.7
|
|
|
| Net liability for future policy benefits |
3,182.5
|
3,176.2
|
|
|
| Flooring impact |
0.0
|
0.0
|
|
|
| Adjusted net liability for future policy benefits |
3,182.5
|
3,176.2
|
|
|
| Related reinsurance recoverable |
(385.4)
|
(373.0)
|
|
|
| Net liability for future policy benefits, net of reinsurance recoverable |
2,797.1
|
2,803.2
|
|
|
| Adjusted net liability for future policy benefits |
3,182.5
|
3,176.2
|
|
|
| Traditional life |
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
| Present value of expected net premiums ("PVENP"), beginning of period |
2,213.7
|
2,203.9
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
42.9
|
113.5
|
|
|
| Beginning PVENP at original discount rate |
2,256.6
|
2,317.4
|
|
|
| Effect of actual variances from expected experience |
|
|
(47.9)
|
(54.3)
|
| Adjusted beginning of period PVENP |
|
|
2,208.7
|
2,263.1
|
| Issuances |
181.9
|
193.3
|
|
|
| Interest accrual |
47.6
|
47.2
|
|
|
| Net premiums collected |
(195.5)
|
(199.2)
|
|
|
| Ending PVENP at original discount rate |
2,242.7
|
2,304.4
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(66.4)
|
(67.9)
|
|
|
| PVENP, end of period |
2,176.3
|
2,236.5
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
| Present value of expected future policy benefits ("PVEFPB"), beginning of period |
4,677.8
|
4,570.6
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
199.5
|
333.3
|
|
|
| Beginning PVEFPB at original discount rate |
4,877.3
|
4,903.9
|
|
|
| Effect of actual variances from expected experience |
|
|
(57.3)
|
(71.1)
|
| Adjusted beginning of period PVEFPB |
|
|
4,820.0
|
4,832.8
|
| Issuances |
184.1
|
195.6
|
|
|
| Interest accrual |
106.9
|
105.2
|
|
|
| Benefit payments |
(235.5)
|
(237.7)
|
|
|
| Ending PVEFPB at original discount rate |
4,875.5
|
4,895.9
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(249.1)
|
(253.5)
|
|
|
| PVEFPB, end of period |
4,626.4
|
4,642.4
|
|
|
| Net liability for future policy benefits |
2,450.1
|
2,405.9
|
|
|
| Flooring impact |
0.0
|
0.0
|
|
|
| Adjusted net liability for future policy benefits |
2,450.1
|
2,405.9
|
|
|
| Related reinsurance recoverable |
(149.6)
|
(164.0)
|
|
|
| Net liability for future policy benefits, net of reinsurance recoverable |
2,300.5
|
2,241.9
|
|
|
| Adjusted net liability for future policy benefits |
2,450.1
|
2,405.9
|
|
|
| Other annuities |
|
|
|
|
| Liability for Future Policy Benefit, Expected Net Premium [Roll Forward] |
|
|
|
|
| Present value of expected net premiums ("PVENP"), beginning of period |
0.0
|
0.0
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
0.0
|
0.0
|
|
|
| Beginning PVENP at original discount rate |
0.0
|
0.0
|
|
|
| Effect of actual variances from expected experience |
|
|
0.0
|
0.0
|
| Adjusted beginning of period PVENP |
|
|
0.0
|
0.0
|
| Issuances |
3.5
|
2.8
|
|
|
| Interest accrual |
0.0
|
0.0
|
|
|
| Net premiums collected |
(3.5)
|
(2.8)
|
|
|
| Ending PVENP at original discount rate |
0.0
|
0.0
|
|
|
| Effect of changes in discount rate assumptions, end of period |
0.0
|
0.0
|
|
|
| PVENP, end of period |
0.0
|
0.0
|
|
|
| Liability for Future Policy Benefit, Expected Future Policy Benefit [Roll Forward] |
|
|
|
|
| Present value of expected future policy benefits ("PVEFPB"), beginning of period |
260.0
|
264.5
|
|
|
| Effect of changes in discount rate assumptions, beginning of period |
11.1
|
16.2
|
|
|
| Beginning PVEFPB at original discount rate |
271.1
|
280.7
|
|
|
| Effect of actual variances from expected experience |
|
|
(0.5)
|
1.6
|
| Adjusted beginning of period PVEFPB |
|
|
$ 270.6
|
$ 282.3
|
| Issuances |
3.5
|
2.9
|
|
|
| Interest accrual |
6.3
|
6.4
|
|
|
| Benefit payments |
(15.1)
|
(14.2)
|
|
|
| Ending PVEFPB at original discount rate |
265.3
|
277.4
|
|
|
| Effect of changes in discount rate assumptions, end of period |
(13.8)
|
(14.0)
|
|
|
| PVEFPB, end of period |
251.5
|
263.4
|
|
|
| Net liability for future policy benefits |
251.5
|
263.4
|
|
|
| Flooring impact |
0.0
|
0.0
|
|
|
| Adjusted net liability for future policy benefits |
251.5
|
263.4
|
|
|
| Related reinsurance recoverable |
0.0
|
0.0
|
|
|
| Net liability for future policy benefits, net of reinsurance recoverable |
251.5
|
263.4
|
|
|
| Adjusted net liability for future policy benefits |
$ 251.5
|
$ 263.4
|
|
|