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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash Flows from Operating Activities    
Net Income $ 953.2 $ 1,118.0
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 455.9 457.9
Deferred Policy Acquisition Cost (108.8) (106.1)
Change in Insurance Liabilities (169.3) (112.6)
Change in Income Taxes (26.9) 7.3
Change in Other Accrued Liabilities (150.2) (135.0)
Non-cash Components of Net Investment Income (262.9) (293.0)
Net Investment Loss 30.0 22.3
Depreciation 80.9 83.5
Amortization of the Cost of Reinsurance 33.1 38.5
Other, Net 24.3 (19.0)
Net Cash Provided by Operating Activities 859.3 1,061.8
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 1,013.5 453.4
Proceeds from Maturities of Fixed Maturity Securities 1,113.9 1,125.6
Proceeds from Sales and Maturities of Other Investments 275.2 306.4
Payments to Acquire Debt Securities, Available-for-sale (2,439.4) (2,380.5)
Purchases of Other Investments (227.1) (342.7)
Net Maturities and Sales (Purchases) of Short-term Investments (45.2) 204.9
Net Increase (Decrease) in Payables for Collateral on Investments (100.4) 12.5
Net Purchases of Property and Equipment (89.1) (70.8)
Net Cash Used by Investing Activities (498.6) (691.2)
Cash Flows from Financing Activities    
Issuance of Long-term Debt 0.0 349.2
Repayments of Long-term Debt 0.0 364.0
Cost Related to Early Retirement of Debt 0.0 3.6
Issuance of Common Stock 4.1 2.7
Repurchase of Common Stock (174.2) (136.1)
Dividends Paid to Stockholders (205.7) (188.4)
Proceeds from Policyholder Account Deposits 109.3 90.9
Payments for Policyholder Account Withdrawals (65.2) (55.6)
Cash Received Related to Active Life Volatility Cover Agreement 18.6 5.2
Other, Net (0.9) (2.6)
Net Cash Used by Financing Activities (314.0) (302.3)
Net Increase (Decrease) in Cash and Bank Deposits 46.7 68.3
Cash and Bank Deposits at Beginning of Year 119.2 75.0
Cash and Bank Deposits at End of Period $ 165.9 $ 143.3