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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net Income $ 253.5 $ 153.0
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Change in Receivables 239.2 4.5
Change in Deferred Acquisition Costs 14.3 35.8
Change in Insurance Reserves and Liabilities (38.3) 259.3
Change in Income Taxes 58.3 44.9
Change in Other Accrued Liabilities (127.1) (72.4)
Non-cash Components of Net Investment Income (111.3) (108.0)
Net Investment (Gain) Loss 13.8 (84.6)
Depreciation 30.0 29.3
Cash Related to Reinsurance Agreement 0.0 (456.8)
Amortization of the Cost of Reinsurance (16.7) (20.0)
Other, Net (23.3) (18.8)
Net Cash Provided (Used) by Operating Activities 325.8 (193.8)
Cash Flows from Investing Activities    
Proceeds from Sales of Fixed Maturity Securities 171.9 157.4
Proceeds from Maturities of Fixed Maturity Securities 427.1 856.3
Proceeds from Sales and Maturities of Other Investments 102.0 68.2
Purchases of Fixed Maturity Securities (931.9) (1,185.0)
Purchases of Other Investments (128.6) (62.5)
Net Sales and Maturities of Short-term Investments 190.2 769.0
Net Increase (Decrease) in Payables for Collateral on Investments (1.3) 16.1
Net Purchases of Property and Equipment (21.8) (30.9)
Net Cash Provided (Used) by Investing Activities (192.4) 588.6
Cash Flows from Financing Activities    
Issuance of Common Stock 0.6 0.8
Repurchase of Common Stock (50.0) 0.0
Dividends Paid to Stockholders (62.0) (58.4)
Proceeds from Policyholder Account Deposits 31.2 33.9
Payments for Policyholder Account Withdrawals (21.6) (24.2)
Cash Received Related to Active Life Volatility Cover Agreement 0.0 17.9
Net Cash Used by Financing Activities (101.8) (30.0)
Net Increase in Cash and Bank Deposits 31.6 364.8
Cash and Bank Deposits at Beginning of Year 75.0 197.0
Cash and Bank Deposits at End of Period $ 106.6 $ 561.8