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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Insurance policy income $ 1,747.8 $ 1,726.2
Net investment income 805.9 839.7
Fee revenue and other income 86.1 75.7
Insurance policy benefits (1,195.0) (1,224.0)
Interest expense (76.1) (103.9)
Deferrable policy acquisition costs (201.5) (217.5)
Other operating costs (612.4) (588.7)
Income taxes (13.0) 3.4
Net cash from operating activities 541.8 510.9
Cash flows from investing activities:    
Sales of investments 1,163.2 2,659.3
Maturities and redemptions of investments 1,502.7 1,625.6
Purchases of investments (3,086.7) (4,387.7)
Net sales (purchases) of trading securities 16.2 (6.6)
Other (25.2) (92.1)
Net cash used by investing activities (429.8) (201.5)
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 5.0 6.0
Payments to repurchase common stock (168.2) (181.2)
Common stock dividends paid (50.4) (50.6)
Amounts received for deposit products 1,160.1 1,307.4
Withdrawals from deposit products (923.6) (1,017.2)
Issuance of investment borrowings:    
Federal Home Loan Bank 190.3 536.8
Payments on investment borrowings:    
Federal Home Loan Bank (191.7) (537.7)
Related to variable interest entities (1.6) (270.6)
Net cash provided (used) by financing activities 19.9 (144.0)
Net increase in cash and cash equivalents 131.9 165.4
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 $ 786.6 $ 822.0