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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net Income $ 358.3 $ 240.4
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Change in Receivables 89.9 246.2
Change in Deferred Acquisition Costs (41.8) (38.2)
Change in Insurance Reserves and Liabilities (119.6) 27.5
Change in Income Taxes 76.2 54.4
Change in Other Accrued Liabilities (175.1) (127.1)
Non-cash Components of Net Investment Income (64.4) (111.3)
Net Investment (Gain) Loss (0.1) 13.8
Depreciation 26.8 30.0
Amortization of the Cost of Reinsurance (11.0) (13.4)
Other, Net (10.6) (23.3)
Net Cash Provided (Used) by Operating Activities 150.6 325.8
Cash Flows from Investing Activities    
Proceeds from Sales of Fixed Maturity Securities 55.1 171.9
Proceeds from Maturities of Fixed Maturity Securities 387.4 427.1
Proceeds from Sales and Maturities of Other Investments 91.6 102.0
Purchases of Fixed Maturity Securities (589.1) (931.9)
Purchases of Other Investments (79.9) (128.6)
Net Sales and Maturities of Short-term Investments 183.8 190.2
Net Decrease in Payables for Collateral on Investments (60.3) (1.3)
Net Purchases of Property and Equipment (29.1) (21.8)
Net Cash Used by Investing Activities (40.5) (192.4)
Cash Flows from Financing Activities    
Issuance of Common Stock 1.2 0.6
Repurchase of Common Stock (51.2) (50.0)
Dividends Paid to Stockholders (69.2) (62.0)
Proceeds from Policyholder Account Deposits 37.7 31.2
Payments for Policyholder Account Withdrawals (24.4) (21.6)
Other, Net (0.3) 0.0
Net Cash Used by Financing Activities (106.2) (101.8)
Cash and Bank Deposits at Beginning of Year 119.2 75.0
Net Increase in Cash and Bank Deposits 3.9 31.6
Cash and Bank Deposits at End of Period $ 123.1 $ 106.6