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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities    
Net Income $ 335.9 $ 426.5
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 281.5 91.9
Change in Deferred Acquisition Costs (42.1) (5.0)
Change in Insurance Reserves and Liabilities 378.2 243.8
Change in Income Taxes 185.2 82.3
Change in Other Accrued Liabilities (64.8) (52.4)
Non-cash Components of Net Investment Income (246.7) (163.0)
Net Realized Investment (Gain) Loss (85.5) 110.2
Depreciation 59.6 55.8
Cash Related to Reinsurance Agreement 456.8 0.0
Amortization of the Cost of Reinsurance 39.7 0.0
Other, Net 75.8 52.3
Net Cash Provided by Operating Activities 544.2 852.4
Cash Flows from Investing Activities    
Proceeds from Sales of Fixed Maturity Securities 268.1 363.5
Proceeds from Maturities of Fixed Maturity Securities 1,393.5 891.7
Proceeds from Sales and Maturities of Other Investments 179.4 114.1
Purchases of Fixed Maturity Securities (2,122.2) (1,068.3)
Purchases of Other Investments (167.9) (250.2)
Net Purchases of Short-term Investments (72.8) (1,251.0)
Net Increase in Payables for Collateral on Investments 72.8 187.0
Net Purchases of Property and Equipment (57.6) (77.5)
Net Cash Used by Investing Activities (506.7) (1,090.7)
Cash Flows from Financing Activities    
Short-term Debt Repayment 0.0 494.1
Issuance of Long-term Debt 588.1 0.0
Long-term Debt Repayment (500.0) (30.0)
Cost Related to Early Retirement of Debt (62.8) 0.0
Issuance of Common Stock 1.4 2.3
Dividends Paid to Stockholders (116.7) (115.8)
Cash Received Related to Active Life Volatility Cover Agreement 17.9 0.0
Other, Net (39.3) (30.8)
Net Cash Provided (Used) by Financing Activities (111.4) 319.8
Net Cash Provided by (Used in) Continuing Operations, Total (73.9) 81.5
Cash and Bank Deposits at Beginning of Year 197.0 84.1
Cash and Bank Deposits at End of Period $ 123.1 $ 165.6