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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Operating Activities:    
Net Income $ 277.4 $ 91.4
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Increase in Deferred Policy Acquisition Costs (51.1) (23.5)
Amortization of Intangible Assets Acquired 16.7 1.8
Equity in Earnings of Equity Method Limited Liability Investments (1.0) (8.5)
Distribution of Accumulated Earnings of Equity Method Limited Liability Investments 6.3 5.0
Increase in Value of Equity and Convertible Securities at Fair Value (89.9) (1.1)
Amortization of Investment Securities and Depreciation of Investment Real Estate 5.9 2.9
Net Realized Gains on Sales of Investments (37.4) (6.4)
Net Impairment Losses Recognized in Earnings 10.3 0.5
Depreciation and Amortization of Property, Equipment and Software 14.8 8.2
Increase in Receivables (95.0) (38.7)
Increase in Insurance Reserves 56.2 65.8
Increase in Unearned Premiums 121.3 69.9
Change in Income Taxes 23.2 18.8
Change in Accrued Expenses and Other Liabilities (22.5) 0.3
Other, Net 1.3 5.0
Net Cash Provided by Operating Activities 236.5 191.4
Investing Activities:    
Sales, Paydowns and Maturities of Fixed Maturities 959.0 607.5
Purchases of Fixed Maturities (721.5) (633.7)
Sales of Equity and Convertible Securities 82.7 122.9
Purchases of Equity and Convertible Securities (231.7) (61.9)
Acquisition and Improvements of Investment Real Estate (0.6) (0.4)
Sale of and Return of Investment of Equity Method Limited Liability Investments 13.7 6.2
Acquisitions of Equity Method Limited Liability Investments (51.6) (12.6)
Decrease (Increase) in Short-term Investments (353.4) 67.6
Increase (Decrease) in Other Investments (29.2) 2.1
Purchases of Corporate-owned Life Insurance (50.0) 0.0
Acquisition of Software and Long-lived Assets 30.7 32.8
Other, Net (0.3) 3.3
Net Cash Provided (Used) by Investing Activities (413.6) 68.2
Financing Activities:    
Net Proceeds from Issuance of Long-term Debt 0.0 249.4
Repayment of Long-term Debt (35.0) 0.0
Proceeds from Advances from FHLB 0.0 110.0
Proceeds from Collateralized Investment Borrowings 259.0 10.0
Repayment of Collateralized Investment Borrowings (113.9) 0.0
Proceeds from Issuance of Common Stock, Net of Transaction Costs 127.5 0.0
Dividends and Dividend Equivalents Paid (32.8) (24.9)
Cash Exercise of Stock Options 2.0 0.6
Other, Net (0.4) (0.5)
Net Cash Provided by Financing Activities 206.4 344.6
Increase in Cash 29.3 604.2
Cash, Beginning of Year 75.1 45.7
Cash, End of Period $ 104.4 $ 649.9