XML 26 R9.htm IDEA: XBRL DOCUMENT v3.25.4
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash Flows from Operating Activities      
Net Income $ 738.5 $ 1,779.1 $ 1,283.8
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities      
Change in Receivables 529.4 623.9 602.7
Change in Deferred Acquisition Costs (170.0) (130.5) (150.8)
Change in Insurance Liabilities 437.3 (780.9) (313.2)
Change in Income Taxes (22.6) 97.6 (84.3)
Change in Other Accrued Liabilities (112.4) (32.3) (74.8)
Non-cash Components of Net Investment Income (223.0) (248.9) (240.3)
Net Investment Loss 106.6 34.6 36.0
Depreciation 123.0 116.1 108.8
Cash Related to Reinsurance Transaction 945.3 0.0 0.0
Settlement Loss on the U.S. Pension Plan Annuity Purchase 103.8 0.0 0.0
Amortization of Deferred Gain on Reinsurance (9.0) 0.0 0.0
Other, Net 14.7 13.1 (9.2)
Net Cash Provided by Operating Activities 687.7 1,513.2 1,202.8
Cash Flows from Investing Activities      
Proceeds from Sales of Fixed Maturity Securities 822.7 877.3 1,062.7
Proceeds from Maturities of Fixed Maturity Securities 2,131.7 1,483.0 1,578.1
Proceeds from Sales and Maturities of Other Investments 506.4 332.1 360.0
Purchase of Fixed Maturity Securities (2,393.6) (2,001.7) (2,991.4)
Purchase of Other Investments (361.2) (319.1) (361.2)
Net Purchases of Short-term Investments (355.7) (842.1) (141.0)
Net Increase (Decrease) in Payables for Collateral on Investments 330.9 251.8 (98.3)
Net Purchases of Property and Equipment (132.3) (125.7) (134.8)
Net Cash Used by Investing Activities 548.9 (344.4) (725.9)
Cash Flows from Financing Activities      
Short-term Debt Repayment (275.0) 0.0 (2.0)
Issuance of Long-term Debt 296.0 391.6 0.0
Long-term Debt Repayment 0.0 (350.0) 0.0
Issuance of Common Stock 5.1 6.0 5.2
Repurchase of Common Stock (1,010.3) (972.9) (250.1)
Dividends Paid to Stockholders (306.2) (296.5) (277.1)
Proceeds from Policyholder Account Deposits 124.1 133.2 143.4
Payments for Policyholder Account Withdrawals (88.5) (82.7) (87.0)
Cash Received Related to Active Life Volatility Cover Agreement 17.4 26.7 18.6
Other, Net (3.8) (7.4) (1.1)
Net Cash Used by Financing Activities (1,241.2) (1,152.0) (450.1)
Net Increase (Decrease) in Cash and Bank Deposits (4.6) 16.8 26.8
Cash and Bank Deposits at Beginning of Year 162.8 146.0 119.2
Cash and Bank Deposits at End of Year 158.2 162.8 146.0
Amortization of Deferred Loss on Reinsurance $ 116.7 $ 41.4 $ 44.1