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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities    
Net Income $ 664.5 $ 657.6
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 427.2 163.2
Change in Deferred Acquisition Costs (51.9) (19.8)
Change in Insurance Reserves and Liabilities 223.7 129.2
Change in Income Taxes 205.0 162.0
Change in Other Accrued Liabilities (64.2) (1.5)
Non-cash Components of Net Investment Income (175.8) (111.3)
Net Realized Investment (Gain) Loss (85.4) 105.8
Depreciation 90.0 85.6
Cash Related to Reinsurance Agreement 456.8 0.0
Amortization of the Cost of Reinsurance 59.4 0.0
Other, Net 59.8 68.4
Net Cash Provided by Operating Activities 999.3 1,278.8
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 322.3 499.7
Proceeds from Maturities of Fixed Maturity Securities 1,976.6 1,594.2
Proceeds from Sales and Maturities of Other Investments 273.8 163.9
Payments to Acquire Debt Securities, Available-for-sale (3,123.5) (2,229.5)
Purchases of Other Investments (389.3) (289.6)
Net Sales (Purchases) of Short-term Investments 67.1 (769.8)
Net Increase in Payables for Collateral on Investments 50.0 40.5
Net Purchases of Property and Equipment (82.4) (99.5)
Other, Net 0.4 0.0
Net Cash Used by Investing Activities (905.8) (1,090.1)
Cash Flows from Financing Activities    
Short-term Debt Repayment 0.0 (400.0)
Issuance of Long-term Debt 588.1 494.1
Long-term Debt Repayment (500.0) (45.0)
Cost Related to Early Retirement of Debt (62.8) 0.0
Issuance of Common Stock 2.3 3.3
Dividends Paid to Stockholders (178.0) (173.8)
Cash Received Related to Active Life Volatility Cover Agreement 40.4 0.0
Other, Net (58.8) (47.6)
Net Cash Used by Financing Activities (168.8) (169.0)
Net Increase (Decrease) in Cash and Bank Deposits (75.3) 19.7
Cash and Bank Deposits at Beginning of Year 197.0 84.1
Cash and Bank Deposits at End of Period $ 121.7 $ 103.8