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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows - operating activities      
Net income (loss) $ (2.6) $ 142.8 $ 133.3
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net investment losses 56.5 11.0 2.3
Depreciation and intangible asset amortization 27.6 18.4 23.4
Share-based compensation expense 8.9 8.4 6.7
Loss (income) from EMA investments, net of dividends or distributions 18.2 (41.5) (2.7)
Other expense - goodwill and intangible asset impairments 4.8 0.0 10.0
Changes in:      
Insurance liabilities 440.5 46.9 69.9
Amounts due under reinsurance agreements (348.2) (1.5) 1.6
Income tax liabilities (17.1) 8.5 8.3
Other operating assets and liabilities (28.1) 8.9 (1.0)
Other, net 11.0 3.0 8.0
Net cash provided by operating activities 171.5 204.9 259.8
Fixed maturity securities      
Purchases (1,046.4) (1,459.0) (1,439.7)
Sales 752.0 578.2 472.9
Maturities, paydowns, calls and redemptions 496.8 873.3 640.3
Equity securities      
Purchases (5.2) (46.1) (37.4)
Sales and repayments 12.0 4.7 12.7
Limited partnership interests      
Purchases (356.4) (320.6) (98.6)
Sales 66.6 86.5 30.9
Change in short-term and other investments, net 30.4 (19.0) 12.1
Acquisition of business, net of cash acquired (164.4) 0.0 0.0
Net cash used in investing activities (214.6) (302.0) (406.8)
Cash flows - financing activities      
Dividends paid to shareholders (52.6) (51.4) (49.6)
Principal borrowings on Revolving Credit Facility 0.0 114.0 0.0
FHLB borrowings 0.0 5.0 4.0
Principal repayment on FHLB borrowings 5.0 54.0 0.0
Acquisition of treasury stock (24.0) (5.3) (2.2)
Proceeds from exercise of stock options 0.0 0.3 2.4
Withholding tax payments on RSUs tendered (2.4) (2.0) (2.3)
Annuity contracts: variable, fixed and FHLB funding agreements      
Deposits 636.5 1,060.4 578.9
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (472.2) (462.7) (378.6)
Principal repayment on FHLB funding agreements (149.0) (362.0) 0.0
Principal repayment on FHLB funding agreements (5.0) (54.0) 0.0
Life policy accounts      
Deposits 11.5 8.9 9.0
Withdrawals and surrenders (3.7) (3.8) (3.9)
Change in deposit asset on reinsurance (67.0) (39.2) (21.2)
Net increase in reverse repurchase agreements 70.2 0.0 0.0
Change in book overdrafts 9.9 0.3 7.3
Net cash provided by (used in) financing activities (47.8) 208.5 143.8
Net increase (decrease) in cash (90.9) 111.4 (3.2)
Cash at beginning of year 133.7 22.3 25.5
Cash at end of year $ 42.8 $ 133.7 $ 22.3