| |
2018 |
2019 |
2020 |
2021 |
2022 |
Percent change,
2021-2022 (1) |
| Revenue |
|
|
|
|
|
|
| Life insurance premiums |
$145.1 |
$151.0 |
$143.0 |
$159.5 |
$165.1 |
3.5% |
| Annuity premiums and deposits |
269.7 |
339.8 |
294.6 |
285.8 |
343.3 |
20.1 |
| Accident and health premiums |
183.1 |
185.0 |
183.1 |
189.2 |
188.7 |
-0.3 |
| Credit life and credit accident and health premiums |
1.3 |
1.4 |
1.2 |
1.2 |
1.2 |
0.0 |
| Total premiums, consideration and deposits |
$603.2 |
$679.4 |
$624.1 |
$637.8 |
$700.2 |
9.8% |
| Net investment income |
187.4 |
186.7 |
186.0 |
200.9 |
199.1 |
-0.9 |
| Reinsurance allowance |
32.0 |
-29.7 |
-22.8 |
8.5 |
38.2 |
NA |
| Separate accounts revenue |
37.3 |
36.8 |
37.4 |
41.0 |
38.4 |
-6.3 |
| Other income |
44.0 |
48.7 |
55.0 |
57.5 |
58.8 |
2.3 |
| Total revenue |
$903.9 |
$921.9 |
$881.2 |
$945.7 |
$1,034.7 |
9.4% |
| Expense |
|
|
|
|
|
|
| Benefits |
289.5 |
301.8 |
313.2 |
338.4 |
321.0 |
-5.1 |
| Surrenders |
350.3 |
339.6 |
323.3 |
326.7 |
348.1 |
6.6 |
| Increase in reserves |
143.3 |
120.6 |
107.8 |
89.8 |
128.6 |
43.2 |
| Transfers to separate accounts |
-89.6 |
-72.0 |
-69.2 |
-75.6 |
-50.1 |
-33.7 |
| Commissions |
58.3 |
61.2 |
60.0 |
64.5 |
67.5 |
4.7 |
| General and administrative expenses |
65.9 |
67.8 |
66.8 |
69.4 |
70.5 |
1.6 |
| Insurance taxes, licenses and fees |
10.7 |
9.3 |
11.4 |
10.1 |
10.4 |
3.0 |
| Other expenses |
11.3 |
14.4 |
6.3 |
14.8 |
61.6 |
316.2 |
| Total expenses |
$839.7 |
$842.7 |
$819.6 |
$874.0 |
$957.6 |
9.6% |
| Net income |
|
|
|
|
|
|
| Policyholder dividends |
18.2 |
18.1 |
18.0 |
17.8 |
19.7 |
10.7 |
| Net gain from operations before federal income tax |
46.0 |
70.0 |
39.1 |
54.0 |
57.4 |
6.3 |
| Federal income tax |
3.4 |
9.4 |
5.2 |
8.2 |
8.5 |
3.7 |
| Net income before capital gains |
$42.6 |
$51.6 |
$33.8 |
$45.8 |
$49.0 |
7.0% |
| Net realized capital gains (losses) |
-4.7 |
-6.9 |
-10.7 |
-8.3 |
-10.8 |
30.1 |
| Net income |
$37.9 |
$44.7 |
$23.1 |
$37.5 |
$38.2 |
1.9% |
| Pre-tax operating income |
46.0 |
61.0 |
39.1 |
54.0 |
57.4 |
6.3 |
| Capital and surplus, end of year |
399.9 |
421.7 |
441.2 |
477.5 |
467.0 |
-2.2 |