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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows - operating activities    
Net income (loss) $ 64.6 $ 5.5
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net investment gains (losses) (0.1) 29.8
Depreciation and intangible asset amortization 19.4 19.5
Share-based compensation expense 7.3 7.1
Loss (gain) from equity method investments, net of dividends or distributions 12.9 9.0
Changes in:    
Insurance liabilities 121.6 122.3
Amounts due under reinsurance agreements 41.9 26.9
Income tax liabilities (4.4) 8.1
Other operating assets and liabilities 7.5 (28.1)
Contributions to defined benefits plan (1.2) 0.0
Other, net (10.9) (0.9)
Net cash provided by operating activities 258.6 199.2
Cash flows - investing activities    
Fixed maturity securities purchases (841.6) (462.3)
Fixed maturity securities sales 202.3 341.4
Fixed maturity securities maturities, paydowns, calls and redemptions 420.0 213.9
Equity securities purchases (3.6) (2.4)
Equity securities sales and repayments 0.0 16.6
Limited partnership interests purchases (55.4) (183.2)
Limited partnership interests sales 94.2 15.1
Change in short-term and other investments, net 46.4 (24.7)
Other-net 6.3 0.0
Net cash used in investing activities (131.4) (85.6)
Cash flows - financing activities    
Dividends paid to shareholders (41.7) (40.4)
Proceeds from issuance of 2023 Senior Notes due 2028 0.0 297.7
Principal repayment on Revolving Credit Facility 0.0 (249.0)
Treasury stock acquired (8.6) (6.5)
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 550.0 571.8
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (465.5) (464.3)
Repayment of FHLB funding agreements (170.0) (89.5)
Life policy accounts deposits, withdrawals, and surrenders 7.7 6.2
Change in deposit asset on reinsurance (35.7) (78.6)
Net increase (decrease) in reverse repurchase agreements 45.0 (70.0)
Change in book overdrafts 2.3 2.5
Net cash used in financing activities (117.1) (121.9)
Net decrease in cash 10.1 (8.3)
Cash at beginning of period 29.7 42.8
Cash at end of period $ 39.8 $ 34.5