XML 21 R9.htm IDEA: XBRL DOCUMENT v3.24.1.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash Flows from Operating Activities    
Net Income $ 395.2 $ 358.3
Adjustments to Reconcile Net Income to Net Cash Provided (Used) by Operating Activities    
Change in Receivables 103.5 89.9
Change in Deferred Acquisition Costs (40.7) (41.8)
Change in Insurance Reserves and Liabilities (112.3) (119.6)
Change in Income Taxes 107.2 76.2
Change in Other Accrued Liabilities (144.8) (175.1)
Non-cash Components of Net Investment Income (76.6) (64.4)
Net Investment (Gain) Loss 1.2 (0.1)
Depreciation 30.1 26.8
Amortization of the Cost of Reinsurance 10.4 11.0
Other, Net 25.1 (10.6)
Net Cash Provided (Used) by Operating Activities 298.3 150.6
Cash Flows from Investing Activities    
Proceeds from Sales of Fixed Maturity Securities 190.1 55.1
Proceeds from Maturities of Fixed Maturity Securities 396.7 387.4
Proceeds from Sales and Maturities of Other Investments 48.5 91.6
Purchases of Fixed Maturity Securities (575.0) (589.1)
Purchases of Other Investments (59.6) (79.9)
Net Sales and Maturities of Short-term Investments 25.7 183.8
Net Increase (Decrease) in Payables for Collateral on Investments 19.6 (60.3)
Net Purchases of Property and Equipment (28.3) (29.1)
Net Cash Provided (Used) by Investing Activities 17.7 (40.5)
Cash Flows from Financing Activities    
Issuance of Common Stock 1.3 1.2
Repurchase of Common Stock (121.9) (51.2)
Dividends Paid to Stockholders (72.5) (69.2)
Proceeds from Policyholder Account Deposits 34.5 37.7
Payments for Policyholder Account Withdrawals (23.9) (24.4)
Other, Net (0.4) (0.3)
Net Cash Used by Financing Activities (182.9) (106.2)
Net Increase in Cash and Bank Deposits 133.1 3.9
Cash and Bank Deposits at Beginning of Year 146.0 119.2
Cash and Bank Deposits at End of Period $ 279.1 $ 123.1