CONSOLIDATED STATEMENT OF CASH FLOWS

9 Months Ended

Sep. 30, 2020

Supplemental Cash Flow Elements [Abstract]

CONSOLIDATED STATEMENT OF CASH FLOWS

CONSOLIDATED STATEMENT OF CASH FLOWS

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

	Nine months ended
	September 30,
	2020		2019
Cash flows from operating activities:
Net income	$	190.0	$	131.4
Adjustments to reconcile net income to net cash from operating activities:
Amortization and depreciation	218.8		183.7
Income taxes	(2.3)		38.8
Insurance liabilities	263.9		462.5
Accrual and amortization of investment income	(26.0)		(150.1)
Deferral of policy acquisition costs	(201.5)		(217.5)
Net realized investment (gains) losses	55.4		(23.7)
Loss on extinguishment of debt	—		7.3
Other	43.5		78.5
Net cash from operating activities	$	541.8	$	510.9

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

	Nine months ended
	September 30,
	2020		2019
Amounts related to employee benefit plans	$	17.5	$	14.7