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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows - operating activities    
Net income (loss) $ 30.3 $ (6.2)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net investment gains (losses) 3.7 21.3
Depreciation and intangible asset amortization 13.0 12.9
Share-based compensation expense 5.1 4.5
Loss (gain) from equity method investments, net of dividends or distributions 14.7 11.5
Changes in:    
Insurance liabilities (1.5) 126.8
Amounts due under reinsurance agreements 23.9 14.3
Income tax liabilities 13.9 (15.7)
Other operating assets and liabilities 12.9 (17.3)
Contributions to defined benefits plan (0.2) 0.0
Other, net (1.1) 1.8
Net cash provided by operating activities 114.7 153.9
Cash flows - investing activities    
Fixed maturity securities purchases (602.2) (313.7)
Fixed maturity securities sales 193.0 206.2
Fixed maturity securities maturities, paydowns, calls and redemptions 248.1 133.9
Equity securities purchases (1.5) (1.7)
Equity securities sales and repayments 0.0 9.8
Limited partnership interests purchases (37.1) (110.2)
Limited partnership interests sales 49.4 8.3
Change in short-term and other investments, net 63.2 22.8
Other-net (0.1) 0.0
Net cash used in investing activities (87.2) (44.6)
Cash flows - financing activities    
Dividends paid to shareholders (27.8) (27.0)
Treasury stock acquired (4.5) (5.5)
Proceeds from exercise of stock options 1.1 0.0
Withholding tax payments on RSUs tendered (1.7) (1.8)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits 409.9 418.4
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (288.2) (309.6)
Repayment of FHLB funding agreements (155.0) (85.0)
Life policy accounts deposits, withdrawals, and surrenders 5.9 4.3
Change in deposit asset on reinsurance (30.5) (52.7)
Net increase (decrease) in reverse repurchase agreements 45.0 (70.0)
Change in book overdrafts 3.2 (0.1)
Net cash used in financing activities (42.6) (129.0)
Net decrease in cash (15.1) (19.7)
Cash at beginning of period 29.7 42.8
Cash at end of period $ 14.6 $ 23.1