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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows - operating activities    
Net income (loss) $ (6.2) $ 16.1
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net investment losses 21.3 31.0
Depreciation and intangible asset amortization 12.9 7.9
Share-based compensation expense 4.5 4.4
Loss (gain) from equity method investments, net of dividends or distributions 11.5 (3.8)
Changes in:    
Insurance liabilities 126.8 275.2
Amounts due under reinsurance agreements 14.3 (310.4)
Income tax liabilities (15.7) 93.0
Other operating assets and liabilities (17.3) (36.2)
Other, net 1.8 2.8
Net cash provided by operating activities 153.9 80.0
Fixed maturity securities    
Purchases (313.7) (784.6)
Sales 206.2 365.3
Maturities, paydowns, calls and redemptions 133.9 346.8
Equity securities    
Purchases (1.7) (4.3)
Sales and repayments 9.8 6.8
Limited partnership interests    
Purchases (110.2) (147.8)
Sales 8.3 36.4
Change in short-term and other investments, net 22.8 49.7
Acquisition of business, net of cash acquired 0.0 (164.4)
Net cash used in investing activities (44.6) (296.1)
Cash flows - financing activities    
Dividends paid to shareholders (27.0) (26.4)
Principal repayment on FHLB borrowings 0.0 (5.0)
Treasury stock acquired (5.5) (14.0)
Withholding tax payments on RSUs tendered (1.8) (2.3)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits including advances from FHLB funding agreements 418.4 332.9
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (309.6) (223.4)
Repayment of FHLB funding agreements (85.0) (10.0)
Life policy accounts:    
Deposits 6.3 4.6
Withdrawals and surrenders (2.0) (1.9)
Change in deposit asset on reinsurance (52.7) (24.4)
Net increase (decrease) in reverse repurchase agreements (70.0) 95.8
Change in book overdrafts (0.1) 6.6
Net cash provided by (used in) financing activities (129.0) 132.5
Net decrease in cash (19.7) (83.6)
Cash at beginning of period 42.8 133.7
Cash at end of period $ 23.1 $ 50.1