v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Revenues        
Net premiums and contract charges earned $ 318.0 $ 310.3 $ 947.9 $ 911.2
Net investment income 139.7 119.6 370.9 346.3
Net investment gains (losses) (26.2) 3.3 (28.5) (5.9)
Other income 7.7 5.3 21.7 15.0
Total revenues 439.2 438.5 1,312.0 1,266.6
Benefits, losses and expenses        
Benefits, claims and settlement expenses (Reserve remeasurement (gains)/losses, $8800000; $4.8; $9.4; $4.5) 163.8 171.0 526.5 537.7
Interest credited 55.6 55.7 164.0 161.2
Operating expenses 102.2 96.3 314.2 284.0
DAC amortization expense 31.9 31.5 96.2 91.0
Intangible asset amortization expense 3.5 3.6 10.6 10.8
Interest expense 9.6 8.9 28.7 26.4
Total benefits, losses and expenses 366.6 367.0 1,140.2 1,111.1
Income before income taxes 72.6 71.5 171.8 155.5
Income tax expense 14.1 13.2 30.5 29.6
Net income (loss) $ 58.5 $ 58.3 $ 141.3 $ 125.9
Net income per share        
Basic (in usd per share) $ 1.43 $ 1.42 $ 3.46 $ 3.05
Diluted (in usd per share) $ 1.41 $ 1.40 $ 3.43 $ 3.03
Weighted average number of shares and equivalent shares        
Basic (in shares) 40.9 41.2 40.9 41.3
Diluted (in shares) 41.4 41.6 41.3 41.6
Statements of Comprehensive Income (Loss)        
Net income $ 58.5 $ 58.3 $ 141.3 $ 125.9
Other comprehensive income (loss), net of tax:        
Change in net unrealized investment gains (losses) on fixed maturity securities (212.9) 59.1 (249.3) 106.6
Change in net reserve remeasurements attributable to discount rates 86.2 (20.4) 102.8 (31.5)
Other comprehensive income (loss) (126.7) 38.7 (146.5) 75.1
Comprehensive income (loss) $ (68.2) $ 97.0 $ (5.2) $ 201.0