| |
2019 |
2020 |
2021 |
2022 |
2023 |
Percent change,
2022-2023 (1) |
| Revenue |
|
|
|
|
|
|
| Life insurance premiums |
$149.4 |
$141.6 |
$159.1 |
$163.1 |
$121.5 |
-25.5% |
| Annuity premiums and deposits |
347.4 |
301.2 |
290.2 |
350.6 |
360.7 |
2.9 |
| Accident and health premiums |
183.8 |
182.3 |
188.1 |
189.8 |
202.9 |
6.9 |
| Other premiums and considerations (2) |
6.7 |
6.5 |
6.0 |
7.3 |
0.7 |
-89.8 |
| Total premiums, consideration and deposits |
$687.2 |
$631.6 |
$643.3 |
$710.8 |
$685.8 |
-3.5 |
| Net investment income |
193.0 |
192.2 |
208.3 |
205.6 |
225.3 |
9.6 |
| Reinsurance allowance |
-29.7 |
-22.8 |
8.4 |
38.2 |
28.6 |
-25.2 |
| Separate accounts revenue |
37.5 |
38.1 |
41.8 |
39.2 |
38.1 |
-2.7 |
| Other income |
49.1 |
52.4 |
57.6 |
59.2 |
63.3 |
7.0 |
| Total revenue |
$937.0 |
$891.4 |
$959.5 |
$1,053.0 |
$1,041.1 |
-1.1 |
| Expense |
|
|
|
|
|
|
| Benefits |
306.4 |
318.0 |
343.4 |
327.8 |
347.7 |
6.1 |
| Surrenders |
344.5 |
327.9 |
367.5 |
353.0 |
416.2 |
17.9 |
| Increase in reserves |
123.1 |
110.3 |
89.3 |
131.6 |
67.9 |
-48.4 |
| Transfers to separate accounts |
-72.7 |
-70.0 |
-76.3 |
-51.1 |
-82.8 |
61.9 |
| Commissions |
61.7 |
60.5 |
65.2 |
68.2 |
78.1 |
14.4 |
| General and administrative expenses |
69.3 |
68.4 |
71.1 |
72.3 |
77.6 |
7.2 |
| Insurance taxes, licenses and fees |
9.3 |
11.5 |
10.1 |
10.5 |
10.9 |
3.9 |
| Other expenses |
14.4 |
6.3 |
15.0 |
61.7 |
35.7 |
-42.2 |
| Total expenses |
$856.1 |
$832.9 |
$885.2 |
$974.1 |
$951.3 |
-2.3 |
| Net income |
|
|
|
|
|
|
| Policyholder dividends |
18.8 |
18.6 |
18.4 |
20.3 |
22.8 |
12.3 |
| Net gain from operations before federal income tax |
62.1 |
39.8 |
55.9 |
58.5 |
67.0 |
14.6 |
| Federal income tax |
9.4 |
5.2 |
8.2 |
8.5 |
13.1 |
55.6 |
| Net income before capital gains |
$52.8 |
$34.6 |
$47.7 |
$50.0 |
$53.9 |
7.6 |
| Net realized capital gains (losses) |
-6.7 |
-10.7 |
-7.6 |
-10.6 |
-15.4 |
44.4 |
| Net income |
$46.0 |
$23.9 |
$40.1 |
$39.4 |
$38.5 |
-2.3 |
| Pre-tax operating income |
62.1 |
39.8 |
55.9 |
58.5 |
67.0 |
14.6 |
| Capital and surplus, end of year |
442.9 |
460.4 |
499.7 |
489.9 |
512.6 |
4.6 |