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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities      
Net Income $ 824.2 $ 793.0 $ 1,100.3
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Change in Receivables 678.0 242.9 37.5
Change in Deferred Acquisition Costs 78.0 29.9 (48.7)
Change in Insurance Reserves and Liabilities 74.2 1,481.8 241.1
Change in Income Taxes 295.3 (31.3) 248.2
Change in Other Accrued Liabilities 11.3 160.1 51.3
Non-cash Components of Net Investment Income (254.7) (120.5) (237.9)
Net Investment (Gain) Loss (76.7) (1,199.1) 23.2
Depreciation 119.8 113.6 110.1
Cash Related to Reinsurance Transaction (456.8) (1,087.2) 0.0
Amortization of the Cost of Reinsurance 79.1 2.6 0.0
Other, Net 15.8 83.5 81.5
Net Cash Provided by Operating Activities 1,387.5 469.3 1,606.6
Cash Flows from Investing Activities      
Proceeds from Sales of Fixed Maturity Securities 442.5 990.8 955.2
Proceeds from Maturities of Fixed Maturity Securities 2,611.4 2,052.4 2,401.0
Proceeds from Sales and Maturities of Other Investments 403.1 237.0 363.5
Purchase of Fixed Maturity Securities (4,106.3) (3,169.6) (4,022.4)
Purchase of Other Investments (606.8) (440.6) (568.5)
Net Sales (Purchases) of Short-term Investments 76.5 (133.1) (267.6)
Net Increase (Decrease) in Payables for Collateral on Investments (50.7) 314.5 (104.1)
Net Purchases of Property and Equipment (110.3) (119.1) (150.9)
Other, Net 0.0 0.0 (0.3)
Net Cash Used by Investing Activities (1,340.6) (267.7) (1,393.5)
Cash Flows from Financing Activities      
Short-term Debt Repayment 0.0 (400.0) 0.0
Issuance of Long-term Debt 588.1 494.1 841.9
Long-term Debt Repayment (500.0) (80.0) (493.1)
Cost Related to Early Retirement of Debt 62.8 0.0 25.9
Issuance of Common Stock 3.4 4.4 6.1
Repurchase of Common Stock (50.0) 0.0 (400.3)
Dividends Paid to Stockholders (239.4) (231.9) (229.2)
Proceeds from Policyholder Account Deposits 128.1 138.4 149.4
Payments for Policyholder Account Withdrawals (80.7) (74.3) (68.2)
Cash Received Related to Active Life Volatility Cover Agreement 40.4 62.1 0.0
Other, Net 4.0 (1.5) (3.7)
Net Cash Used by Financing Activities (168.9) (88.7) (223.0)
Net Increase (Decrease) in Cash and Bank Deposits (122.0) 112.9 (9.9)
Cash and Bank Deposits at Beginning of Year 197.0 84.1 94.0
Cash and Bank Deposits at End of Year $ 75.0 $ 197.0 $ 84.1