| Revenue |
|
|
|
|
|
|
| Life insurance premiums |
$151.4 |
$115.0 |
$137.1 |
$145.1 |
$145.1 |
(2) |
| Annuity premiums and deposits |
324.0 |
318.5 |
287.2 |
269.7 |
341.9 |
26.8% |
| Accident and health premiums |
158.8 |
162.8 |
169.3 |
183.1 |
186.2 |
1.7 |
| Credit life and credit accident and health premiums |
1.4 |
1.3 |
1.3 |
1.3 |
(3) |
NA |
| Other premiums and considerations |
2.5 |
2.2 |
2.1 |
4.0 |
6.7 |
67.4 |
| Total premiums, consideration and deposits |
$638.2 |
$599.9 |
$597.1 |
$603.2 |
$679.9 |
12.7% |
| Net investment income |
170.8 |
173.0 |
182.3 |
187.4 |
186.6 |
-0.4 |
| Reinsurance allowance |
-86.4 |
-17.0 |
-25.1 |
32.0 |
-29.7 |
NA |
| Separate accounts revenue |
35.2 |
34.7 |
36.6 |
37.3 |
36.8 |
-1.4 |
| Other income |
90.5 |
61.3 |
49.2 |
44.0 |
48.8 |
10.7 |
| Total revenue |
$848.2 |
$851.9 |
$839.9 |
$903.9 |
$922.3 |
2.0% |
| Expense |
|
|
|
|
|
|
| Benefits |
263.9 |
271.4 |
281.4 |
289.5 |
302.2 |
4.4 |
| Surrenders |
273.0 |
265.1 |
308.9 |
350.3 |
339.6 |
-3.0 |
| Increase in reserves |
80.5 |
133.1 |
106.4 |
143.3 |
120.6 |
-15.9 |
| Transfers to separate accounts |
36.9 |
-38.0 |
-65.8 |
-89.6 |
-72.0 |
NA |
| Commissions |
55.5 |
64.6 |
58.0 |
58.3 |
61.2 |
4.9 |
| General and administrative expenses |
60.1 |
62.4 |
65.9 |
65.9 |
67.9 |
3.0 |
| Insurance taxes, licenses and fees |
10.5 |
10.8 |
8.8 |
10.7 |
9.3 |
-13.4 |
| Other expenses |
-4.9 |
-2.7 |
-4.1 |
11.3 |
14.4 |
27.1 |
| Total expenses |
$775.5 |
$766.6 |
$759.4 |
$839.8 |
$843.2 |
0.4% |
| Net income |
|
|
|
|
|
|
| Policyholder dividends |
18.3 |
18.2 |
17.5 |
18.2 |
18.1 |
-0.4 |
| Net gain from operations before federal income tax |
54.4 |
67.1 |
63.0 |
46.0 |
61.0 |
32.7 |
| Federal income tax |
10.6 |
16.3 |
12.4 |
3.4 |
9.4 |
177.7 |
| Net income before capital gains |
$43.8 |
$50.8 |
$50.6 |
$42.6 |
$51.5 |
21.1% |
| Net realized capital gains (losses) |
-3.5 |
-11.4 |
-8.6 |
-4.7 |
-6.9 |
44.6 |
| Net income |
$40.3 |
$39.4 |
$42.1 |
$37.8 |
$44.7 |
18.1% |
| Pre-tax operating income |
54.4 |
67.1 |
63.0 |
46.0 |
61.0 |
32.7 |
| Capital and surplus, end of year |
354.0 |
367.2 |
380.7 |
394.9 |
400.0 |
5.5 |