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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net Income $ 793.0 $ 1,100.3 $ 523.4
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Change in Receivables 242.9 37.5 (4.7)
Change in Deferred Acquisition Costs 29.9 (48.7) (102.5)
Change in Insurance Reserves and Liabilities 1,610.0 376.1 1,193.1
Change in Income Taxes (31.3) 248.2 (39.1)
Change in Other Accrued Liabilities 160.1 51.3 (10.1)
Non-cash Components of Net Investment Income (120.5) (237.9) (211.1)
Net Realized Investment (Gain) Loss (1,199.1) 23.2 39.5
Depreciation 113.6 110.1 101.4
Cash Related to Reinsurance Agreement (1,084.6) 0.0 0.0
Other, Net 83.5 81.5 46.6
Net Cash Provided by Operating Activities 597.5 1,741.6 1,536.5
Cash Flows from Investing Activities      
Proceeds from Sales of Fixed Maturity Securities 990.8 955.2 642.5
Proceeds from Maturities of Fixed Maturity Securities 2,052.4 2,401.0 2,815.4
Proceeds from Sales and Maturities of Other Investments 237.0 363.5 454.0
Purchase of Fixed Maturity Securities (3,169.6) (4,022.4) (3,861.7)
Purchase of Other Investments (440.6) (568.5) (623.2)
Net Sales (Purchases) of Short-term Investments (133.1) (267.6) 200.5
Net Increase (Decrease) in Payables for Collateral on Investments 314.5 (104.1) (268.1)
Acquisition of Business (Net of Cash Acquired) 0.0 0.0 (145.4)
Net Purchases of Property and Equipment (119.1) (150.9) (144.1)
Other, Net 0.0 (0.3) 0.0
Net Cash Used by Investing Activities (267.7) (1,393.5) (930.1)
Cash Flows from Financing Activities      
Short-term Debt Repayment (400.0) 0.0 (200.0)
Issuance of Long-term Debt 494.1 841.9 290.7
Long-term Debt Repayment (80.0) (493.1) (60.0)
Cost Related to Early Retirement of Debt 0.0 25.9 0.0
Issuance of Common Stock 4.4 6.1 4.6
Repurchase of Common Stock 0.0 (400.3) (356.2)
Dividends Paid to Stockholders (231.9) (229.2) (215.6)
Cash Received Related to Active Life Volatility Cover Agreement 62.1 0.0 0.0
Other, Net (65.6) (57.5) (53.3)
Net Cash Used by Financing Activities (216.9) (358.0) (589.8)
Net Increase (Decrease) in Cash and Bank Deposits 112.9 (9.9) 16.6
Cash and Bank Deposits at Beginning of Year 84.1 94.0 77.4
Cash and Bank Deposits at End of Year $ 197.0 $ 84.1 $ 94.0