Schedule II Condensed Financial Information of Registrant (Tables)

12 Months Ended

Dec. 31, 2021

ebt consists of the following:


			December 31
			2021		2020
	Interest Rates	Maturities	(in millions of dollars)

Outstanding Principal

Senior Notes issued 1998	6.750 - 7.250%	2028	$	335.8	$	335.8
Senior Notes issued 2002	7.375%	2032	39.5		39.5
Senior Notes issued 2012 and 2016	5.750%	2042	500.0		500.0
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 2019	4.000%	2029	400.0		400.0
Senior Notes issued 2019	4.500%	2049	450.0		450.0
Senior Notes issued 2020	4.500%	2025	—		500.0
Senior Notes issued 2021	4.125%	2051	600.0		—
Medium-term Notes issued 1990 - 1996	7.000 - 7.190%	2023 - 2028	20.5		20.5
Junior Subordinated Debt Securities issued 1998	7.405%	2038	203.7		203.7
Junior Subordinated Debt Securities issued 2018	6.250%	2058	300.0		300.0

Less:
Unamortized Net Premium			2.3		6.0
Unamortized Debt Issuance Costs			(34.6)		(34.8)
Total Long-term Debt			$	3,442.2	$	3,345.7

BALANCE SHEETS


	December 31
	2021		2020
	(in millions of dollars)

Assets
Fixed Maturity Securities - at fair value (amortized cost: $826.4; $349.5)	$	820.8	$	355.1
Other Long-term Investments	10.3		10.6
Short-term Investments	629.5		164.5
Investment in Subsidiaries	13,711.1		14,122.6
Deferred Income Tax	144.5		158.8
Other Assets	508.1		496.7
Total Assets	$	15,824.3	$	15,308.3

Liabilities and Stockholders' Equity

Liabilities

Long-term Debt	$	3,442.2	$	3,345.7
Pension and Postretirement Benefits	507.1		677.5
Other Liabilities	458.6		414.1
Total Liabilities	4,407.9		4,437.3

Stockholders' Equity
Common Stock	30.7		30.7
Additional Paid-in Capital	2,408.1		2,376.2
Accumulated Other Comprehensive Income	354.1		374.2
Retained Earnings	11,853.2		11,269.6
Treasury Stock	(3,229.7)		(3,179.7)
Total Stockholders' Equity	11,416.4		10,871.0

Total Liabilities and Stockholders' Equity	$	15,824.3	$	15,308.3

See notes to condensed financial information.

STATEMENTS OF INCOME


	Year Ended December 31
	2021		2020		2019
	(in millions of dollars)
Cash Dividends from Subsidiaries	$	909.8	$	974.6	$	1,089.4
Non-Cash Dividends from Subsidiaries	719.6		—		—
Other Income	53.5		51.7		63.9
Total Revenue	1,682.9		1,026.3		1,153.3

Interest and Debt Expense	185.9		187.1		173.2
Cost Related to Early Retirement of Debt	67.3		—		27.3
Other Expenses	39.1		51.1		53.4
Total Expenses	292.3		238.2		253.9

Income of Parent Company Before Income Tax	1,390.6		788.1		899.4
Income Tax Benefit	(24.1)		(15.3)		(21.5)

Income of Parent Company	1,414.7		803.4		920.9
Equity in Undistributed Earnings (Loss) of Subsidiaries	(590.5)		(10.4)		179.4

Net Income	824.2		793.0		1,100.3

Other Comprehensive Income (Loss), Net of Tax	(20.1)		336.9		851.5

Comprehensive Income	$	804.1	$	1,129.9	$	1,951.8

See notes to condensed financial information.

STATEMENTS OF CASH FLOWS


	Year Ended December 31
	2021		2020		2019
	(in millions of dollars)
Cash Provided by Operating Activities	$	861.0	$	964.0	$	1,000.0

Cash Flows from Investing Activities

Proceeds from Sales and Maturities of Fixed Maturity Securities	245.5		138.8		16.6
Proceeds from Sales and Maturities of Other Investments	20.1		46.6		5.6
Purchase of Fixed Maturity Securities	(2.0)		(384.7)		—
Purchase of Other Investments	(0.9)		(22.0)		—
Net Sales (Purchases) of Short-term Investments	(465.0)		440.6		(309.0)
Cash Distributions to Subsidiaries	(300.9)		(965.5)		(389.0)
Net Purchases of Property and Equipment	(91.3)		(81.6)		(85.9)

Cash Used by Investing Activities	(594.5)		(827.8)		(761.7)

Cash Flows from Financing Activities
Short-term Debt Repayment	—		(400.0)		—
Issuance of Long-term Debt	588.1		494.1		841.9
Long-term Debt Repayment	(500.0)		—		(433.1)
Cost Related to Early Retirement of Debt	(62.8)		—		(25.9)
Issuance of Common Stock	3.4		4.4		6.1
Repurchase of Common Stock	(50.0)		—		(400.3)
Dividends Paid to Stockholders	(239.4)		(231.9)		(229.2)
Other, Net	(1.6)		(1.4)		(3.7)
Cash Used by Financing Activities	(262.3)		(134.8)		(244.2)

Increase (Decrease) in Cash	$	4.2	$	1.4	$	(5.9)

See notes to condensed financial information.

ebt consists of the following:


			December 31
			2021		2020
	Interest Rates	Maturities	(in millions of dollars)

Outstanding Principal
Senior Notes issued 1998	6.750 - 7.250%	2028	$	335.8	$	335.8
Senior Notes issued 2002	7.375%	2032	39.5		39.5
Senior Notes issued 2012 and 2016	5.750%	2042	500.0		500.0
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 2019	4.000%	2029	400.0		400.0
Senior Notes issued 2019	4.500%	2049	450.0		450.0
Senior Notes issued 2020	4.500%	2025	—		500.0
Senior Notes issued 2021	4.125%	2051	600.0		—
Medium-term Notes issued 1990 - 1996	7.000 - 7.190%	2023 - 2028	20.5		20.5
Junior Subordinated Debt Securities issued 1998	7.405%	2038	203.7		203.7
Junior Subordinated Debt Securities issued 2018	6.250%	2058	300.0		300.0

Less:
Unamortized Net Premium			2.3		6.0
Unamortized Debt Issuance Costs			(34.6)		(34.8)









Total Long-term Debt			$	3,442.2	$	3,345.7