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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities    
Net Income $ 784.7 $ 751.2
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 264.5 285.6
Deferred Policy Acquisition Cost (77.9) (84.6)
Change in Insurance Liabilities (123.3) (194.2)
Change in Income Taxes (34.4) 10.6
Change in Other Accrued Liabilities (118.0) (191.2)
Non-cash Components of Net Investment Income (194.9) (208.8)
Net Investment Gain (Loss) 11.6 (1.0)
Depreciation 59.3 52.8
Amortization of the Cost of Reinsurance 20.7 22.0
Other, Net 45.1 21.8
Net Cash Provided by Operating Activities 637.4 464.2
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 249.1 302.5
Proceeds from Maturities of Fixed Maturity Securities 618.0 868.8
Proceeds from Sales and Maturities of Other Investments 160.7 162.8
Payments to Acquire Debt Securities, Available-for-sale (1,023.2) (1,176.0)
Purchases of Other Investments (149.4) (158.1)
Net Purchases of Short-term Investments (146.5) (160.9)
Net Increase (Decrease) in Payables for Collateral on Investments 73.9 (56.0)
Net Purchases of Property and Equipment (56.0) (56.3)
Net Cash Used by Investing Activities (273.4) (273.2)
Cash Flows from Financing Activities    
Issuance of Long-term Debt 391.6 0.0
Repayments of Long-term Debt 350.0 0.0
Issuance of Common Stock 3.4 2.7
Repurchase of Common Stock (300.0) (98.6)
Dividends Paid to Stockholders (141.5) (134.3)
Proceeds from Policyholder Account Deposits 67.8 74.0
Payments for Policyholder Account Withdrawals (44.5) (45.1)
Other, Net (4.1) (0.6)
Net Cash Used by Financing Activities (377.3) (201.9)
Net Increase (Decrease) in Cash and Bank Deposits (13.3) (10.9)
Cash and Bank Deposits at Beginning of Year 146.0 119.2
Cash and Bank Deposits at End of Period $ 132.7 $ 108.3