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CONSOLIDATED STATEMENT CASH FLOWS (Tables)
 12 Months Ended
Dec. 31, 2016
Supplemental Cash Flow Elements [Abstract]  
Schedule of the reconciliation for net income provided by operating activities
The following reconciles net income to net cash provided by operating activities (dollars in millions):

 
2016
 
2015
 
2014
 
Cash flows from operating activities:
 
 
 
 
 
 
Net income
$
358.2

 
$
270.7

 
$
51.4

 
Adjustments to reconcile net income to net cash from operating activities:
 
 
 

 
 
 
Amortization and depreciation
275.0

 
283.4

 
274.2

 
Income taxes
(11.7
)
 
92.9

 
119.7

 
Insurance liabilities
332.8

 
297.4

 
398.2

 
Accrual and amortization of investment income
(124.2
)
 
(27.6
)
 
(148.3
)
 
Deferral of policy acquisition costs
(242.7
)
 
(246.4
)
 
(242.8
)
 
Net realized investment (gains) losses
(8.3
)
 
36.6

 
(36.7
)
 
Payment to reinsurer pursuant to long-term care business reinsured
—

 
—

 
(590.3
)
 
Loss on sale of subsidiary, (gain) loss on reinsurance transactions and transition expenses
75.4

 
9.0

 
239.8

 
Cash and cash equivalents received upon recapture of reinsurance
73.6

 
—

 
—

 
Loss on extinguishment or modification of debt
—

 
32.8

 
.6

 
Other
31.4

 
(4.9
)
 
56.0

 
Net cash from operating activities
$
759.5

 
$
743.9

 
$
121.8

(a)

______________________
(a)
Cash flows from operating activities reflect outflows in the 2014 period due to the payment to reinsurer to transfer certain long-term care business.
Effects of reinsurance
On July 1, 2014, Bankers Life recaptured the life business written by Bankers Life that was reinsured by Wilton Reassurance Company ("Wilton Re") in 2009. The following summarizes the impact of the recapture (dollars in millions):
Investments
$
139.4

(a) (b)
Cash
7.7

 
Present value of future profits and deferred acquisition costs
29.0

(b)
Reinsurance receivables
(155.9
)
(b)
Other liabilities
5.9

(b)
Gain on reinsurance transaction (classified as "Loss on sale of subsidiary, (gain) loss on reinsurance transactions and transition expenses")
26.1

 
Income tax expense
9.2

 
Gain on reinsurance transaction (net of income taxes)
$
16.9

 
___________________
(a)    Such amount has been reduced by a $28.0 million recapture fee.
(b)    Such non-cash amounts have been excluded from the consolidated statement of cash flows.
Schedule of other significant noncash transactions
Other non-cash items not reflected in the investing and financing activities sections of the consolidated statement of cash flows (dollars in millions):

 
2016
 
2015
 
2014
Stock options, restricted stock and performance units
$
23.0

 
$
17.1

 
$
15.6

Market value of investments recaptured in connection with the termination of reinsurance agreements with BRe
431.1

 
$
—

 
$
—