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Schedule II Condensed Financial Information of Registrant (Tables)
 12 Months Ended
Dec. 31, 2016
Schedule II - Condensed Financial Information of Registrant Balance Sheet [Abstract]  
Condensed Financial Information of Parent Company Only Balance Sheets
BALANCE SHEETS

 
December 31
 
2016
 
2015
 
(in millions of dollars)
 
 
 
As Adjusted
Assets
 
 
 
Fixed Maturity Securities - at fair value (amortized cost: $215.1; $273.7)
$
214.2

 
$
273.4

Other Long-term Investments
49.0

 
22.7

Short-term Investments
377.9

 
288.1

Investment in Subsidiaries
11,340.7

 
10,689.1

Deferred Income Tax
210.7

 
160.1

Other Assets
473.9

 
546.4

Total Assets
$
12,666.4

 
$
11,979.8

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

 
$
352.0

Long-term Debt
2,735.9

 
2,125.4

Pension and Postretirement Benefits
638.3

 
554.1

Other Liabilities
324.2

 
284.4

Total Liabilities
3,698.4

 
3,315.9

 
 
 
 
Stockholders' Equity
 
 
 
Common Stock
30.4

 
30.3

Additional Paid-in Capital
2,272.8

 
2,247.2

Accumulated Other Comprehensive Income (Loss)
(51.0
)
 
16.1

Retained Earnings
8,744.0

 
7,995.2

Treasury Stock
(2,028.2
)
 
(1,624.9
)
Total Stockholders' Equity
8,968.0

 
8,663.9

 
 
 
 
Total Liabilities and Stockholders' Equity
$
12,666.4

 
$
11,979.8



















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

 
Year Ended December 31
 
2016
 
2015
 
2014
 
(in millions of dollars)
Cash Dividends from Subsidiaries
$
676.5

 
$
671.8

 
$
645.2

Other Income
58.4

 
52.8

 
116.3

Total Revenue
734.9

 
724.6

 
761.5

 
 
 
 
 
 
Interest and Debt Expense
160.1

 
137.5

 
132.4

Other Expenses
32.3

 
16.7

 
66.0

Total Expenses
192.4

 
154.2

 
198.4

 
 
 
 
 
 
Income of Parent Company Before Income Tax
542.5

 
570.4

 
563.1

Income Tax Benefit
(20.2
)
 
(16.2
)
 
(24.5
)
 
 
 
 
 
 
Income of Parent Company
562.7

 
586.6

 
587.6

Equity in Undistributed Earnings (Loss) of Subsidiaries
368.7

 
280.5

 
(185.5
)
 
 
 
 
 
 
Net Income
931.4

 
867.1

 
402.1

 
 
 
 
 
 
Other Comprehensive Loss, Net of Tax
(67.1
)
 
(150.3
)
 
(88.6
)
 
 
 
 
 
 
Comprehensive Income
$
864.3

 
$
716.8

 
$
313.5



























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
 
2016
 
2015
 
2014
 
(in millions of dollars)
Cash Provided by Operating Activities
$
685.4

 
$
672.2

 
$
683.0

 
 
 
 
 
 
Cash Flows from Investing Activities
 
 
 
 
 
Proceeds from Sales of Fixed Maturity Securities
2.6

 
7.8

 
25.0

Proceeds from Maturities of Fixed Maturity Securities
111.2

 
112.2

 
76.1

Proceeds from Sales and Maturities of Other Investments
0.4

 
26.4

 
31.9

Purchase of Fixed Maturity Securities
(56.5
)
 
(233.7
)
 
(118.9
)
Purchase of Other Investments
(23.3
)
 
—

 
(19.0
)
Net Sales (Purchases) of Short-term Investments
(89.8
)
 
38.1

 
(162.1
)
Cash Distributions to Subsidiaries
(143.6
)
 
(231.0
)
 
(316.1
)
Net Purchases of Property and Equipment
(55.5
)
 
(78.9
)
 
(102.5
)
Acquisition of Business
(140.3
)
 
—

 
—

Other, Net
0.2

 
0.1

 
(0.2
)
Cash Used by Investing Activities
(394.6
)
 
(359.0
)
 
(585.8
)
 
 
 
 
 
 
Cash Flows from Financing Activities
 
 
 
 
 
Issuance of Long-term Debt
609.1

 
271.4

 
347.2

Long-term Debt Repayment
(350.0
)
 
—

 
—

Issuance of Common Stock
8.5

 
6.4

 
12.3

Repurchase of Common Stock
(405.2
)
 
(417.9
)
 
(306.0
)
Dividends Paid to Stockholders
(182.6
)
 
(174.2
)
 
(159.4
)
Other, Net
(1.0
)
 
2.9

 
1.9

Cash Used by Financing Activities
(321.2
)
 
(311.4
)
 
(104.0
)
 
 
 
 
 
 
Increase (Decrease) in Cash
$
(30.4
)
 
$
1.8

 
$
(6.8
)





















See notes to condensed financial information.
Schedule of Debt Instruments Parent Company Only
Debt consists of the following:
 
 
 
 
 
December 31
 
 
 
 
 
2016
 
2015
 
Interest Rates
 
Maturities
 
(in millions of dollars)
Long-term Debt
 
 
 
 
 
 
 
Outstanding Principal
 
 
 
 
 
 
 
   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 2010
5.625%
 
2020
 
400.0

 
400.0

   Senior Notes issued 2012 and 2016
5.750%
 
2042
 
500.0

 
250.0

   Senior Notes issued 2014
4.000%
 
2024
 
350.0

 
350.0

   Senior Notes issued 2015
3.875%
 
2025
 
275.0

 
275.0

   Senior Notes issued 2016
3.000%
 
2021
 
350.0

 
—

   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
 
 
 
 
(3.1
)
 
(2.7
)
Less:
 
 
 
 
 
 
 
Unamortized Net Premium (Discount)
 
 
 
 
9.8

 
(3.8
)
Unamortized Debt Issuance Costs
 
 
 
 
(28.4
)
 
(25.7
)
Total Long-term Debt
 
 
 
 
2,735.9

 
2,125.4

 
 
 
 
 
 
 
 
Short-term Debt
 
 
 
 
 
 
 
Outstanding Principal
 
 
 
 
 
 
 
   Senior Notes issued 2009
7.125%
 
2016
 
—

 
350.0

Fair Value Hedges Adjustment
 
 
 
 
—

 
2.4

Less Unamortized Debt Issuance Costs
 
 
 
 
—

 
(0.4
)
Total Short-term Debt
 
 
 
 
—

 
352.0

 
 
 
 
 
 
 
 
Total Debt
 
 
 
 
$
2,735.9

 
$
2,477.4