XML 25 R6.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating Activities:      
Net Income $ 85.7 $ 114.5 $ 217.7
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Decrease (Increase) in Deferred Policy Acquisition Costs (13.1) (0.4) 0.5
Amortization of Intangible Assets Acquired 15.4 7.2 8.3
Equity in Earnings of Equity Method Limited Liability Investments (19.0) (9.0) (26.4)
Distribution of Accumulated Earnings of Equity Method Limited Liability Investments 8.6 21.7 15.4
Decrease (Increase) in Value of Fair Value Option Investments reported in Investment Income (0.3) 0.7 0.0
Amortization of Investment Securities and Depreciation of Investment Real Estate 16.1 15.4 16.2
Net Realized Gains on Sales of Investments 52.1 39.1 99.1
Net Impairment Losses Recognized in Earnings 27.2 15.2 13.9
Loss from Early Extinguishment of Debt 9.1 0.0 0.0
Depreciation of Property and Equipment 13.5 16.0 17.4
Write-off of Long-lived Assets 11.1 54.6 0.0
Decrease in Other Receivables 49.6 46.2 43.5
Increase (Decrease) in Insurance Reserves 39.6 (54.7) (72.5)
Decrease in Unearned Premiums (9.4) (62.0) (52.0)
Change in Income Taxes (21.8) 11.2 57.9
Increase (Decrease) in Accrued Expenses and Other Liabilities 22.6 (20.3) (54.8)
Other, Net 32.2 16.4 36.1
Net Cash Provided by Operating Activities 215.0 133.6 122.1
Investing Activities:      
Sales, Paydowns and Maturities of Fixed Maturities 627.8 573.7 664.4
Purchases of Fixed Maturities (681.3) (553.0) (744.5)
Sales of Equity Securities 238.4 245.3 182.1
Purchases of Equity Securities (134.0) (235.2) (213.4)
Acquisition and Improvements of Investment Real Estate (1.8) (2.1) (5.4)
Sales of Investment Real Estate 7.7 0.9 102.7
Sales of and Return of Investment of Equity Method Limited Liability Investments 32.9 55.2 31.3
Acquisitions of Equity Method Limited Liability Investments (32.4) (21.4) (20.5)
Sales of Fair Value Option Investments 0.0 6.9 0.0
Purchases of Fair Value Option Investments (111.0) (60.9) 0.0
Decrease (Increase) in Short-term Investments 104.9 (63.9) 41.8
Acquisition of Businesses, Net of Cash Acquired 57.6 0.0 0.0
Disposition of Business, Net of Cash Disposed 0.0 8.9 3.8
Increase in Other Investments (3.2) (8.0) (9.1)
Purchase of Corporate-owned Life Insurance (7.5) (33.5) 0.0
Acquisition of Software (8.9) (11.3) (15.2)
Other, Net (2.6) (5.9) (13.2)
Net Cash Provided (Used) by Investing Activities (28.6) (104.3) 4.8
Financing Activities:      
Net Proceeds from Issuances of Debt 345.8 144.0 0.0
Repayments of Debt (357.3) 0.0 (5.5)
Common Stock Repurchases (45.0) (114.0) (100.4)
Dividends and Dividend Equivalents Paid (49.7) (51.8) (54.9)
Cash Exercise of Stock Options 3.9 0.5 1.7
Other, Net 1.5 1.6 2.4
Net Cash Used by Financing Activities (100.8) (19.7) (156.7)
Increase (Decrease) in Cash 85.6 9.6 (29.8)
Cash, Beginning of Year 76.1 66.5 96.3
Cash, End of Year $ 161.7 $ 76.1 $ 66.5