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Schedule II Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2015
Schedule II - Condensed Financial Information of Registrant Balance Sheet [Abstract]  
Condensed Financial Information of Parent Company Only Balance Sheets
BALANCE SHEETS

 
December 31
 
2015
 
2014
 
(in millions of dollars)
 
 
 
As Adjusted
Assets
 
 
 
Fixed Maturity Securities - at fair value (amortized cost: $273.7; $161.4)
$
273.4

 
$
162.2

Other Long-term Investments
22.7

 
51.9

Short-term Investments
288.1

 
326.2

Investment in Subsidiaries
10,689.1

 
10,332.2

Deferred Income Tax
160.1

 
160.1

Other Assets
572.5

 
568.3

Total Assets
$
12,005.9

 
$
11,600.9

 
 
 
 
Liabilities and Stockholders' Equity
 
 
 
 
 
 
 
Liabilities
 
 
 
Short-term Debt
$
352.4

 
$
—

Long-term Debt
2,151.1

 
2,230.3

Pension and Postretirement Benefits
554.1

 
581.5

Other Liabilities
284.4

 
267.2

Total Liabilities
3,342.0

 
3,079.0

 
 
 
 
Stockholders' Equity
 
 
 
Common Stock
30.3

 
30.2

Additional Paid-in Capital
2,247.2

 
2,221.2

Accumulated Other Comprehensive Income
16.1

 
166.4

Retained Earnings
7,995.2

 
7,302.3

Treasury Stock
(1,624.9
)
 
(1,198.2
)
Total Stockholders' Equity
8,663.9

 
8,521.9

 
 
 
 
Total Liabilities and Stockholders' Equity
$
12,005.9

 
$
11,600.9



















See notes to condensed financial information.
Condensed Financial Information of Parent Company Only Statement of Earnings
STATEMENTS OF INCOME

 
Year Ended December 31
 
2015
 
2014
 
2013
 
(in millions of dollars)
 
 
 
As Adjusted
Cash Dividends from Subsidiaries
$
671.8

 
$
645.2

 
$
636.6

Other Income
52.8

 
116.3

 
56.9

Total Revenue
724.6

 
761.5

 
693.5

 
 
 
 
 
 
Interest and Debt Expense
137.5

 
132.4

 
120.9

Other Expenses
16.7

 
66.0

 
48.9

Total Expenses
154.2

 
198.4

 
169.8

 
 
 
 
 
 
Income of Parent Company Before Income Tax
570.4

 
563.1

 
523.7

Income Tax Benefit
(16.2
)
 
(24.5
)
 
(14.7
)
 
 
 
 
 
 
Income of Parent Company
586.6

 
587.6

 
538.4

Equity in Undistributed Earnings (Loss) of Subsidiaries
280.5

 
(185.5
)
 
308.6

 
 
 
 
 
 
Net Income
867.1

 
402.1

 
847.0

 
 
 
 
 
 
Other Comprehensive Loss, Net of Tax
(150.3
)
 
(88.6
)
 
(373.0
)
 
 
 
 
 
 
Comprehensive Income
$
716.8

 
$
313.5

 
$
474.0



























See notes to condensed financial information.
Condensed Financial Information of Parent Company Only Statements of Cash Flows
STATEMENTS OF CASH FLOWS

 
Year Ended December 31
 
2015
 
2014
 
2013
 
(in millions of dollars)
 
 
 
 
 
 
Cash Provided by Operating Activities
$
672.2

 
$
683.0

 
$
612.5

 
 
 
 
 
 
Cash Flows from Investing Activities
 
 
 
 
 
Proceeds from Sales of Fixed Maturity Securities
7.8

 
25.0

 
—

Proceeds from Maturities of Fixed Maturity Securities
112.2

 
76.1

 
38.5

Proceeds from Sales and Maturities of Other Investments
26.4

 
31.9

 
9.4

Purchase of Fixed Maturity Securities
(233.7
)
 
(118.9
)
 
(139.8
)
Purchase of Other Investments
—

 
(19.0
)
 
(1.0
)
Net Sales (Purchases) of Short-term Investments
38.1

 
(162.1
)
 
269.5

Cash Distributions to Subsidiaries
(231.0
)
 
(316.1
)
 
(225.1
)
Net Purchases of Property and Equipment
(78.9
)
 
(102.5
)
 
(78.8
)
Other, Net
0.1

 
(0.2
)
 
(6.2
)
Cash Used by Investing Activities
(359.0
)
 
(585.8
)
 
(133.5
)
 
 
 
 
 
 
Cash Flows from Financing Activities
 
 
 
 
 
Issuance of Long-term Debt
271.4

 
347.2

 
—

Issuance of Common Stock
6.4

 
12.3

 
11.4

Repurchase of Common Stock
(417.9
)
 
(306.0
)
 
(317.2
)
Dividends Paid to Stockholders
(174.2
)
 
(159.4
)
 
(146.5
)
Other, Net
2.9

 
1.9

 
(0.3
)
Cash Used by Financing Activities
(311.4
)
 
(104.0
)
 
(452.6
)
 
 
 
 
 
 
Increase (Decrease) in Cash
$
1.8

 
$
(6.8
)
 
$
26.4























See notes to condensed financial information.
Schedule of Debt Instruments Parent Company Only
Debt consists of the following:
 
 
 
 
 
December 31
 
 
 
 
 
2015
 
2014
 
Interest Rates
 
Maturities
 
(in millions of dollars)
Long-term Debt
 
 
 
 
 
 
 
   Senior Notes issued 1998
7.000%
 
2018
 
$
200.0

 
$
200.0

   Senior Notes issued 1998
6.750 - 7.250%
 
2028
 
365.8

 
365.8

   Senior Notes issued 2002
7.375%
 
2032
 
39.5

 
39.5

   Senior Notes issued 2009
7.125%
 
2016
 
—

 
350.0

   Senior Notes issued 2010
5.625%
 
2020
 
399.8

 
399.7

   Senior Notes issued 2012
5.750%
 
2042
 
248.7

 
248.7

   Senior Notes issued 2014
4.000%
 
2024
 
349.5

 
349.5

   Senior Notes issued 2015
3.875%
 
2025
 
273.2

 
—

   Medium-term Notes issued 1990 - 1996
7.000 - 7.190%
 
2023 - 2028
 
50.8

 
50.8

   Junior Subordinated Debt Securities issued 1998
7.405%
 
2038
 
226.5

 
226.5

   Fair Value Hedges Adjustment
 
 
 
 
(2.7
)
 
(0.2
)
Total Long-term Debt
 
 
 
 
2,151.1

 
2,230.3

 
 
 
 
 
 
 
 
Short-term Debt
 
 
 
 
 
 
 
   Senior Notes issued 2009
7.125%
 
2016
 
350.0

 
—

   Fair Value Hedges Adjustment
 
 
 
 
2.4

 
—

Total Short-term Debt
 
 
 
 
352.4

 
—

 
 
 
 
 
 
 
 
Total Debt
 
 
 
 
$
2,503.5

 
$
2,230.3