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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 751.2 $ 607.7
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 285.6 481.1
Change in Deferred Acquisition Costs (84.6) (69.6)
Change in Insurance Liabilities (194.2) (10.9)
Change in Income Taxes 10.6 23.0
Change in Other Accrued Liabilities (191.2) (86.7)
Non-cash Components of Net Investment Income (208.8) (240.3)
Net Investment Gain (Loss) (1.0) 17.9
Depreciation 52.8 56.7
Amortization of the Cost of Reinsurance 22.0 26.7
Other, Net 21.8 (21.0)
Net Cash Provided by Operating Activities 464.2 784.6
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 302.5 356.9
Proceeds from Maturities of Fixed Maturity Securities 868.8 785.8
Proceeds from Sales and Maturities of Other Investments 162.8 218.6
Payments to Acquire Debt Securities, Available-for-sale (1,176.0) (1,728.0)
Purchases of Other Investments (158.1) (248.9)
Net Maturities and Sales (Purchases) of Short-term Investments (160.9) 126.4
Net Increase (Decrease) in Payables for Collateral on Investments (56.0) 19.3
Net Purchases of Property and Equipment (56.3) (44.4)
Net Cash Used by Investing Activities (273.2) (514.3)
Cash Flows from Financing Activities    
Issuance of Common Stock 2.7 1.7
Repurchase of Common Stock (98.6) (93.4)
Dividends Paid to Stockholders (134.3) (122.3)
Proceeds from Policyholder Account Deposits 74.0 61.4
Payments for Policyholder Account Withdrawals (45.1) (38.8)
Other, Net (0.6) (2.5)
Net Cash Used by Financing Activities (201.9) (193.9)
Net Increase (Decrease) in Cash and Bank Deposits (10.9) 76.4
Cash and Bank Deposits at Beginning of Year 119.2 75.0
Cash and Bank Deposits at End of Period $ 108.3 $ 151.4