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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash Flows from Operating Activities    
Net Income $ 524.7 $ 784.7
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 360.2 264.5
Deferred Policy Acquisition Cost (89.9) (77.9)
Change in Insurance Liabilities 55.0 (123.3)
Change in Income Taxes 10.3 (34.4)
Change in Other Accrued Liabilities (266.3) (118.0)
Non-cash Components of Net Investment Income (176.8) (194.9)
Net Investment Loss 224.5 11.6
Depreciation 60.2 59.3
Amortization of the Cost of Reinsurance 19.3 20.7
Other, Net (19.6) 45.1
Net Cash Provided by Operating Activities 701.6 637.4
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 470.9 249.1
Proceeds from Maturities of Fixed Maturity Securities 923.3 618.0
Proceeds from Sales and Maturities of Other Investments 246.9 160.7
Payments to Acquire Debt Securities, Available-for-sale (904.3) (1,023.2)
Purchases of Other Investments (202.6) (149.4)
Net Sales and Maturities (Purchases) of Short-term Investments 328.1 (146.5)
Net Increase in Payables for Collateral on Investments 162.1 73.9
Net Purchases of Property and Equipment (63.7) (56.0)
Net Cash Provided (Used) by Investing Activities 960.7 (273.4)
Cash Flows from Financing Activities    
Issuance of Long-term Debt 0.0 391.6
Repayments of Long-term Debt 0.0 350.0
Issuance of Common Stock 2.8 3.4
Repurchase of Common Stock (500.9) (300.0)
Dividends Paid to Stockholders (150.5) (141.5)
Proceeds from Policyholder Account Deposits 63.3 67.8
Payments for Policyholder Account Withdrawals (43.2) (44.5)
Other, Net (1.8) (4.1)
Net Cash Used by Financing Activities (630.3) (377.3)
Net Increase (Decrease) in Cash and Bank Deposits 1,032.0 (13.3)
Cash and Bank Deposits at Beginning of Year 162.8 146.0
Cash and Bank Deposits at End of Period $ 1,194.8 $ 132.7