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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows - operating activities      
Net income $ 45.0 $ 19.8 [1],[2] $ 170.4 [1],[2]
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Net investment losses 24.0 56.5 [2] 11.0 [2]
Depreciation and intangible asset amortization 26.2 27.6 [2] 18.4 [2]
Share-based compensation expense 9.5 8.9 [2] 8.4 [2]
Loss (gain) from equity method investments, net of dividends or distributions (14.5) 18.2 [2] (41.5) [2]
Other expense - goodwill impairments 0.0 4.8 [1],[2] 0.0 [1],[2]
Changes in:      
Insurance liabilities 186.7 334.2 [2] 114.5 [2]
Amounts due under reinsurance agreements (12.5) (309.8) [2] 7.4 [2]
Income tax liabilities (15.0) 110.5 [2] (91.2) [2]
Other operating assets and liabilities 53.9 (109.4) [2] 4.5 [2]
Other, net (1.2) 10.2 [2] 3.0 [2]
Net cash provided by operating activities 302.1 171.5 [2] 204.9 [2]
Cash flows - investing activities      
Fixed maturity securities purchases (596.7) (1,046.4) [2] (1,459.0) [2]
Fixed maturity securities sales 377.6 752.0 [2] 578.2 [2]
Fixed maturity securities maturities, paydowns, calls and redemptions 291.9 496.8 [2] 873.3 [2]
Equity securities purchases (2.5) (5.2) [2] (46.1) [2]
Equity securities sales and repayments 18.7 12.0 [2] 4.7 [2]
Limited partnership interests purchases (207.2) (356.4) [2] (320.6) [2]
Limited partnership interests sales 41.4 66.6 [2] 86.5 [2]
Change in short-term and other investments, net (39.8) 40.0 [2] (8.8) [2]
Acquisition of business, net of cash acquired 0.0 (164.4) [2] 0.0 [2]
Other, net 9.2 (9.6) (10.2)
Net cash used in investing activities (107.4) (214.6) [2] (302.0) [2]
Cash flows - financing activities      
Dividends paid to shareholders (53.9) (52.6) [2] (51.4) [2]
Proceeds from issuance of 2023 Senior Notes due 2028 297.7 0.0 [2] 0.0 [2]
Principal borrowings on Revolving Credit Facility 0.0 0.0 [2] 114.0 [2]
FHLB borrowings 0.0 0.0 5.0
Principal repayment on Revolving Credit Facility (249.0) 0.0 0.0
Principal repayment on FHLB borrowings 0.0 (5.0) [2] (54.0) [2]
Treasury stock acquired (6.5) (24.0) [2] (5.3) [2]
Withholding tax payments on RSUs tendered (1.8) (2.4) [2] (2.0) [2]
Annuity contracts: variable, fixed and FHLB funding agreements      
Deposits 787.6 636.5 [2] 1,060.4 [2]
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (604.7) (472.2) [2] (462.7) [2]
Repayment of FHLB funding agreements (189.5) (149.0) [2] (362.0) [2]
Life policy accounts deposits, withdrawals, and surrenders 8.6 7.8 [2] 5.1 [2]
Change in deposit asset on reinsurance (123.6) (67.0) [2] (39.2) [2]
Net increase (decrease) in reverse repurchase agreements (70.2) 70.2 [2] 0.0 [2]
Change in book overdrafts (2.5) 9.9 [2] 0.3 [2]
Net cash provided by (used in) financing activities (207.8) (47.8) [2] 208.5 [2]
Net increase (decrease) in cash (13.1) (90.9) [2] 111.4 [2]
Cash at beginning of year [2] 42.8 [3] 133.7 22.3
Cash at end of year $ 29.7 $ 42.8 [2],[3] $ 133.7 [2]
[1] Recast for the adoption of ASU 2018-12. See Note 1 of the Consolidated Financial Statements
[2] Recast for the adoption of ASU 2018-12. See Note 1 of the Consolidated Financial Statements
[3] Recast for the adoption of ASU 2018-12. See Note 1 of the Consolidated Financial Statements