CONSOLIDATED STATEMENT OF CASH FLOW

6 Months Ended

Jun. 30, 2020

Supplemental Cash Flow Elements [Abstract]

CONSOLIDATED STATEMENT OF CASH FLOWS

CONSOLIDATED STATEMENT OF CASH FLOWS

The following reconciles net income (loss) to net cash from operating activities (dollars in millions):

	Six months ended
	June 30,
	2020			2019
Cash flows from operating activities:
Net income	$	60.8		$	89.4
Adjustments to reconcile net income to net cash from operating activities:
Amortization and depreciation	156.4			122.0
Income taxes	(31.4		)	27.2
Insurance liabilities	123.1			329.1
Accrual and amortization of investment income	66.0			(130.9		)
Deferral of policy acquisition costs	(132.4		)	(143.0		)
Net realized investment (gains) losses	71.7			(21.4		)
Loss on extinguishment of debt	—			7.3
Other	10.8			38.0
Net cash from operating activities	$	325.0		$	317.7

Other non-cash items not reflected in the investing and financing activities sections of the consolidated statement of cash flows (dollars in millions):

	Six months ended
	June 30,
	2020		2019
Amounts related to employee benefit plans	$	10.1	$	10.4