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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows - operating activities    
Net income $ 39.3 $ 18.5
Adjustments to reconcile net income to net cash provided by operating activities    
Net investment losses 9.0 18.5
Amortization of premiums and accretion of discounts on fixed maturity securities, net 0.2 0.9
Depreciation and intangible asset amortization 5.5 5.3
Share-based compensation expense 2.2 1.2
Changes in:    
Accrued investment income (5.0) (9.5)
Insurance liabilities 78.0 65.7
Premium receivables 3.8 2.2
Deferred policy acquisitions 2.5 (4.4)
Reinsurance recoverables (1.2) 0.3
Income tax liabilities 8.9 1.1
Other operating assets and liabilities 2.7 (15.8)
Other (3.9) 3.4
Net cash provided by operating activities 142.0 87.4
Fixed maturity securities    
Purchases (478.4) (535.3)
Sales 95.5 98.2
Maturities, paydowns, calls and redemptions 176.3 237.9
Equity securities    
Purchases (28.4) (4.1)
Sales and repayments 0.4 1.5
Limited partnership interests    
Purchases (58.6) (14.1)
Sales 13.7 2.3
Change in short-term and other investments, net 40.0 73.6
Net cash used in investing activities (239.5) (140.0)
Cash flows - financing activities    
Dividends paid to shareholders (12.9) (12.4)
Acquisition of treasury stock (1.5) (2.1)
Proceeds from exercise of stock options 0.3 0.5
Withholding tax payments on RSUs tendered (1.7) (1.3)
Annuity contracts: variable, fixed and FHLB funding agreements    
Deposits 235.8 192.7
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (101.1) (101.7)
Life policy accounts    
Deposits 2.2 2.5
Withdrawals and surrenders (1.1) (1.2)
Change in deposit asset on reinsurance (2.8) (13.3)
Change in book overdrafts (2.6) 4.6
Net cash provided by financing activities 114.6 68.3
Net increase in cash 17.1 15.7
Cash at beginning of period 22.3 25.5
Cash at end of period $ 39.4 $ 41.2