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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash Flows from Operating Activities    
Net Income $ 564.4 $ 1,430.4
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 521.2 566.4
Deferred Policy Acquisition Cost (131.1) (107.4)
Change in Insurance Liabilities 484.5 (631.0)
Change in Income Taxes 19.0 21.9
Change in Other Accrued Liabilities (143.1) (58.3)
Non-cash Components of Net Investment Income (299.7) (327.9)
Net Investment Loss (96.5) (24.5)
Depreciation 91.8 89.9
Net Cash Paid in Relation to Reinsurance Agreement (953.5) 0.0
Amortization of Deferred Loss on Reinsurance 67.9 31.1
Amortization of Deferred Gain on Reinsurance (4.6) 0.0
Other, Net 16.5 (12.2)
Net Cash Provided by Operating Activities 329.8 1,027.4
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 673.1 356.5
Proceeds from Maturities of Fixed Maturity Securities 1,506.7 997.2
Proceeds from Sales and Maturities of Other Investments 375.3 234.8
Payments to Acquire Debt Securities, Available-for-sale (1,747.2) (1,550.9)
Purchases of Other Investments (281.9) (218.6)
Net Sales and Maturities (Purchases) of Short-term Investments 33.5 (307.9)
Net Increase in Payables for Collateral on Investments 306.4 189.5
Net Purchases of Property and Equipment (94.5) (93.7)
Net Cash Provided (Used) by Investing Activities 771.4 (393.1)
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 4.3 4.8
Repurchase of Common Stock (751.8) (500.0)
Dividends Paid to Stockholders (228.9) (219.3)
Proceeds from Policyholder Account Deposits 93.6 100.9
Payments for Policyholder Account Withdrawals (68.8) (65.5)
Cash Received Related to Active Life Volatility Cover Agreement 17.4 26.7
Other, Net (1.9) (6.1)
Net Cash Used by Financing Activities (936.1) (616.9)
Net Increase (Decrease) in Cash and Bank Deposits 165.1 17.4
Cash and Bank Deposits at Beginning of Year 162.8 146.0
Cash and Bank Deposits at End of Period $ 327.9 $ 163.4