Reinsurance (Tables)

9 Months Ended

Sep. 30, 2026

Reinsurance

Schedule of information pertaining to effects of reinsurance on premiums and other considerations and policy and contract benefits (Table)


		For the three months ended September 30,						For the nine months ended September 30,
		2026			2025			2026			2025

		(in millions)
Premiums and other considerations:
Direct		$	2,034.7		$	1,661.4		$	4,924.0		$	5,082.9
Ceded			(136.8)			(128.6)			(417.2)			(402.3)
Net premiums and other considerations		$	1,897.9		$	1,532.8		$	4,506.8		$	4,680.6

Benefits, claims and settlement expenses:
Direct		$	2,723.8		$	2,356.8		$	7,166.2		$	7,277.1
Ceded			(405.1)			(392.7)			(1,244.3)			(1,253.1)
Net benefits, claims and settlement expenses		$	2,318.7		$	1,964.1		$	5,921.9		$	6,024.0

LFPB remeasurement loss:
Direct		$	68.5		$	51.8		$	92.5		$	46.1
Ceded			(45.1)			9.1			(76.4)			12.7
Net LFPB remeasurement loss		$	23.4		$	60.9		$	16.1		$	58.8

Schedule of information pertaining to cost of reinsurance asset and liability included on the consolidated statements of financial position (Table)


		September 30, 2026			December 31, 2025

		(in millions)
Cost of reinsurance asset		$	3,045.5		$	3,103.2

Cost of reinsurance liability		$	939.7		$	971.4

Schedule of assets held in support of reserves associated with coinsurance with funds withheld agreement (Table)


		September 30, 2026			December 31, 2025

		(in millions)
Fixed maturities, available-for-sale		$	12,083.3		$	13,300.1
Fixed maturities, trading			190.7			279.3
Equity securities			0.3			0.3
Mortgage loans			1,562.6			2,002.9
Other investments			1,931.2			1,708.7
Cash and cash equivalents			747.7			547.8
Accrued interest income			149.2			159.0
Net other liabilities			(103.4)			(89.2)
Net assets		$	16,561.6		$	17,908.9

Schedule of components of net realized gains (losses) on the funds withheld assets that were passed to coinsurer (Table)


		For the three months ended						For the nine months ended
		September 30,						September 30,
		2026			2025			2026			2025

		(in millions)
Fixed maturities, available-for-sale		$	(5.3)		$	1.3		$	(27.3)		$	(46.2)
Fixed maturities, trading			(3.0)			—			(6.1)			0.1
Mortgage loans			—			(0.1)			(4.0)			(1.4)
Derivatives			0.3			(0.4)			1.2			(2.1)
Net realized capital gains (losses)		$	(8.0)		$	0.8		$	(36.2)		$	(49.6)