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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Insurance policy income $ 1,151.2 $ 1,151.5
Net investment income 554.4 559.4
Fee revenue and other income 60.7 53.5
Insurance policy benefits (808.2) (819.5)
Interest expense (63.9) (79.6)
Deferrable policy acquisition costs (132.4) (143.0)
Other operating costs (431.8) (407.9)
Income taxes (5.0) 3.3
Net cash from operating activities 325.0 317.7
Cash flows from investing activities:    
Sales of investments 1,011.1 2,463.4
Maturities and redemptions of investments 912.5 1,094.6
Purchases of investments (2,296.6) (3,675.2)
Net sales (purchases) of trading securities 9.6 (8.1)
Other (16.2) (84.2)
Net cash used by investing activities (379.6) (209.5)
Cash flows from financing activities:    
Issuance of notes payable, net 0.0 494.2
Payments on notes payable 0.0 (425.0)
Expenses related to extinguishment of debt 0.0 (6.1)
Issuance of common stock 3.0 3.6
Payments to repurchase common stock (118.1) (103.8)
Common stock dividends paid (33.6) (33.8)
Amounts received for deposit products 762.8 873.8
Withdrawals from deposit products (654.3) (689.5)
Issuance of investment borrowings:    
Federal Home Loan Bank 65.3 346.8
Payments on investment borrowings:    
Federal Home Loan Bank (66.2) (347.4)
Related to variable interest entities (1.1) (269.7)
Net cash used by financing activities (42.2) (156.9)
Net decrease in cash and cash equivalents (96.8) (48.7)
Cash and cash equivalents - unrestricted and held by variable interest entities, beginning of period 654.7 656.6
Cash and cash equivalents - unrestricted and held by variable interest entities, end of period $ 557.9 $ 607.9