Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2019

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information — Cash and cash equivalents include bank demand deposits and daily overnight reverse repurchase commitments of funds held in bank demand deposit accounts on ARX’s subsidiaries, and are not considered part of the investment portfolio. The amount of reverse repurchase commitments held by ARX’s subsidiaries at September 30, 2019 and 2018, and December 31, 2018, were $62.8 million, $152.4 million, and $117.3 million, respectively.

Restricted cash on our consolidated balance sheets represents cash that is restricted to pay flood claims under the National Flood Insurance Program’s “Write Your Own” program, for which subsidiaries of ARX are administrators.

During the nine months ended September 30, 2019, non-cash activity includes declared but unpaid common share dividends of $58.5 million (see Note 9 – Dividends for further discussion) and operating lease liabilities arising from obtaining right-of-use assets of $43.4 million (see Note 14 – Leases for further discussion).

We paid the following in the respective periods:



	Nine Months Ended September 30,
(millions)	2019		2018
Income taxes	$	738.7	$	535.8
Interest	147.3		116.4
Operating lease liabilities	61.2		NA

NA = Not applicable