XML 21 R6.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities:      
Net Income $ 409.9 $ 531.1 $ 190.1
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Net Realized Investment (Gains) Losses (38.1) (41.9) (26.4)
Impairment Losses 19.5 13.8 4.5
Depreciation and Amortization of Property, Equipment and Software 36.2 32.8 15.6
Amortization of Intangibles Assets Acquired 18.8 29.7 156.3
Settlement Costs Related to Defined Benefit Pension Plan 64.1 0.0  
Contribution to Defined Benefit Pension Plan 0.0 (55.3) (5.1)
Loss from Early Extinguishment of Debt 0.0 5.8 0.0
Change in Accumulated Undistributed Earnings of Equity Method Limited Liability Investments (4.0) 10.9 2.9
Decrease (Increase) in Value of Equity and Convertible Securities at Fair Value (72.1) (138.9) 64.3
Changes in:      
Receivables from Policyholders (77.4) (110.1) (57.6)
Reinsurance Recoverables 16.8 35.6 (46.7)
Deferred Policy Acquisition Costs (52.3) (66.9) (104.6)
Insurance Reserves 38.3 102.3 183.2
Unearned Premiums 69.6 121.2 54.7
Income Taxes 46.5 58.8 13.1
Other Assets and Liabilities (27.8) 5.4 94.9
Net Cash Provided by Operating Activities 448.0 534.3 539.2
Cash Flows from Investing Activities:      
Proceeds from Sales, Calls and Maturities of Fixed Maturities 972.4 1,229.1 2,643.3
Proceeds from the Sales or Paydowns of Investments:      
Equity Securities 434.4 217.3 351.9
Real Estate Investments 5.4 0.0 0.0
Mortgage Loans 25.5 17.2 0.0
Other Investments 45.2 29.5 14.1
Purchases of Investments:      
Fixed Maturities (1,293.3) (1,284.9) (2,413.2)
Equity Securities (319.1) (307.0) (478.5)
Real Estate Investments (0.5) (1.4) (1.5)
Corporate-owned Life Insurance (100.0) (150.0) 0.0
Mortgage Loans (52.7) (44.5) 0.0
Other Investments (43.5) (73.8) (45.1)
Net Sales (Purchases) of Short-term Investments (390.8) (176.0) 52.7
Acquisition of Business, Net of Cash Acquired 0.0 0.0 (560.6)
Acquisition of Software and Long-lived Assets (53.4) (84.0) (65.3)
Other 13.4 (4.9) 4.6
Net Cash Provided by (Used in) Investing Activities (757.0) (633.4) (497.6)
Cash Flows from Financing Activities:      
Net Proceeds from Issuance of Long-term Debt 395.6 49.9 249.4
Repayment of Long-term Debt 0.0 (185.0) (215.0)
Proceeds from Policyholder Obligations 467.0 615.8 11.4
Repayment of Policyholder Obligations (304.8) (383.6) (2.5)
Proceeds from Issuance of Common Stock, Net of Transaction Costs 0.0 127.5 0.0
Proceeds from Shares Issued under Employee Stock Purchase Plan 4.4 1.6 0.0
Common Stock Repurchases (110.4) 0.0 0.0
Dividends and Dividend Equivalents Paid (78.9) (67.8) (56.4)
Other 5.4 2.4 0.9
Net Cash Provided by (Used in) Financing Activities 378.3 160.8 (12.2)
Increase in Cash 69.3 61.7 29.4
Cash, Beginning of Year 136.8 75.1 45.7
Cash, End of Period $ 206.1 $ 136.8 $ 75.1