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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows - operating activities    
Net income $ 6.6 $ 20.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment losses 3.9 15.5
Depreciation and intangible asset amortization 6.6 3.8
Share-based compensation expense 2.0 2.1
Loss from equity method investments, net of dividends or distributions 10.0 1.6
Changes in:    
Insurance liabilities 55.8 367.7
Amounts due under reinsurance agreements 0.3 (333.0)
Income tax liabilities (9.9) 54.5
Other operating assets and liabilities 5.4 (40.1)
Other, net 5.7 3.3
Net cash provided by operating activities 86.4 95.7
Fixed maturity securities    
Purchases (185.5) (397.4)
Sales 62.7 168.3
Maturities, paydowns, calls and redemptions 73.7 234.4
Equity securities    
Purchases (1.1) (1.1)
Sales and repayments 0.0 6.8
Limited partnership interests    
Purchases (75.1) (111.0)
Sales 3.4 20.5
Change in short-term and other investments, net 26.6 26.2
Acquisition of business, net of cash acquired 0.0 (164.4)
Net cash used in investing activities (95.3) (217.7)
Cash flows - financing activities    
Dividends paid to shareholders (13.5) (13.2)
Treasury stock acquired (4.4) (2.2)
Withholding tax payments on RSUs tendered (1.7) (0.9)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits including advances from FHLB funding agreements 278.7 182.8
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (152.2) (117.9)
Repayment of FHLB funding agreements (85.0) 0.0
Life policy accounts:    
Deposits 3.4 2.2
Withdrawals and surrenders (1.1) (0.8)
Change in deposit asset on reinsurance (24.0) (14.2)
Change in book overdrafts (6.7) 1.6
Net cash provided by (used in) financing activities (6.5) 37.4
Net decrease in cash (15.4) (84.6)
Cash at beginning of period 42.8 133.7
Cash at end of period $ 27.4 $ 49.1