XML 49 R10.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows - operating activities      
Net income $ 102.8 $ 45.0 $ 19.8 [1]
Adjustments to reconcile net income to net cash provided by operating activities:      
Net investment losses 17.3 24.0 56.5 [2]
Depreciation and intangible asset amortization 26.4 26.2 27.6 [2]
Share-based compensation expense 9.9 9.5 8.9 [2]
Loss (gain) from equity method investments, net of dividends or distributions 35.5 (14.5) 18.2 [2]
Other expense - goodwill impairments 0.0 0.0 4.8 [1]
Changes in:      
Insurance liabilities 82.8 186.7 334.2 [2]
Amounts due under reinsurance agreements 55.7 (12.5) (309.8) [2]
Income tax liabilities 28.2 (15.0) 110.5 [2]
Other operating assets and liabilities 101.4 53.9 (109.4) [2]
Contributions to defined benefit plan (1.4) 0.0 0.0
Other, net (6.5) (1.2) 10.2 [2]
Net cash provided by operating activities 452.1 302.1 171.5 [2]
Cash flows - investing activities      
Fixed maturity securities purchases (1,161.5) (596.7) (1,046.4) [2]
Fixed maturity securities sales 380.3 377.6 752.0 [2]
Fixed maturity securities maturities, paydowns, calls and redemptions 539.7 291.9 496.8 [2]
Equity securities purchases (4.5) (2.5) (5.2) [2]
Equity securities sales and repayments 16.3 18.7 12.0 [2]
Limited partnership interests purchases (74.8) (207.2) (356.4) [2]
Limited partnership interests sales 119.5 41.4 66.6 [2]
Change in short-term and other investments, net 42.0 (39.8) 40.0 [2]
Acquisition of business, net of cash acquired 0.0 0.0 (164.4) [2]
Other, net 7.2 9.2 (9.6) [2]
Net cash used in investing activities (135.8) (107.4) (214.6) [2]
Cash flows - financing activities      
Dividends paid to shareholders (55.5) (53.9) (52.6) [2]
Proceeds from issuance of 2023 Senior Notes due 2028 0.0 297.7 0.0 [2]
Principal repayment on Revolving Credit Facility 0.0 (249.0) 0.0 [2]
Principal repayment on FHLB borrowings 0.0 0.0 (5.0) [2]
Treasury stock acquired (8.6) (6.5) (24.0) [2]
Proceeds from exercise of stock options 5.1 0.0 0.0 [2]
Withholding tax payments on RSUs tendered (1.8) (1.8) (2.4) [2]
Annuity contracts: variable, fixed and FHLB funding agreements      
Deposits 796.1 787.6 636.5 [2]
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (637.0) (604.7) (472.2) [2]
Repayment of FHLB funding agreements (270.0) (189.5) (149.0) [2]
Life policy accounts deposits, withdrawals, and surrenders 11.7 8.6 7.8 [2]
Change in deposit asset on reinsurance (162.4) (123.6) (67.0) [2]
Net increase (decrease) in reverse repurchase agreements 12.0 (70.2) 70.2 [2]
Change in book overdrafts 2.5 (2.5) 9.9 [2]
Net cash used in financing activities (307.9) (207.8) (47.8) [2]
Net increase (decrease) in cash 8.4 (13.1) (90.9) [2]
Cash at beginning of year 29.7 42.8 [2] 133.7 [2]
Cash at end of year $ 38.1 $ 29.7 $ 42.8 [2]
[1] Recast for the adoption of ASU 2018-12.
[2] Recast for the adoption of ASU 2018-12.