XML 185 R163.htm IDEA: XBRL DOCUMENT v3.22.4
Schedule 2 - Parent Company Financial Statements - Statements of Cash Flows (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:        
Net (Loss) Income   $ (301.2) $ (120.5) $ 409.9
Adjustments to Reconcile Net (Loss) Income to Net Cash (Used in) Provided by Operating Activities:        
Income (Loss) from Change in Fair Value of Equity and Convertible Securities   79.9 (114.6) (72.1)
Net Realized Gain on Sale of Investments   (4.3) (64.8) (38.1)
Impairment Losses   25.8 11.0 19.5
Loss from Early Extinguishment of Debt   3.7 0.0 0.0
Other Assets and Liabilities   (11.2) 89.1 (27.8)
Net Cash (Used in) Provided by Operating Activities   (210.3) 350.7 448.0
Cash Flows from Investing Activities:        
Proceeds from the Sales, Calls and Maturities of Fixed Maturities   1,295.5 1,388.9 972.4
Fixed Maturities   (1,815.8) (1,825.4) (1,293.3)
Equity Securities   (58.9) (124.3) (319.1)
Net Sales (Purchases) of Short-term Investments   6.1 687.2 (390.8)
Equity Securities   536.0 316.6 434.4
Acquisition of Business   0.0 (316.6) 0.0
Other Investments   (13.0) (104.9) (43.5)
Net Cash (Used in) Provided by Investing Activities   (108.4) (118.2) (757.0)
Cash Flows from Financing Activities:        
Proceeds from Issuance of 5.875% Fixed-Rate Reset Junior Subordinated Debentures Due 2062   145.6 0.0 0.0
Repayments of Long-term Debt   (280.0) (50.0) 0.0
Dividends Paid   (79.7) (80.6) (78.9)
Proceeds from Shares Issued under Employee Stock Purchase Plan   4.9 5.4 4.4
Common Stock Repurchases   0.0 (161.7) (110.4)
Other   0.6 3.7 5.0
Net Cash Provided by (Used in) Financing Activities   382.9 (290.4) 378.3
Net increase (decrease) in cash   64.2 (57.9) 69.3
Cash, Beginning of Year   148.2    
Cash, End of Year $ 212.4 212.4 148.2  
Senior Notes, 3.800 Percent Due February 23, 2032        
Cash Flows from Financing Activities:        
Proceeds from Issuance of 3.800% Senior Notes due February 23, 2032   396.3 0.0 0.0
Issue Fess   (1.2) 0.0 0.0
5.875% Fixed-Rate Reset Junior Subordinated Debentures due 2062        
Cash Flows from Financing Activities:        
Issue Fess   (0.9) 0.0 0.0
Senior Notes, 2.400 Percent Due September 30, 2030        
Cash Flows from Financing Activities:        
Proceeds from Issuance of 3.800% Senior Notes due February 23, 2032   0.0 0.0 396.8
Issue Fess   0.0 0.0 (1.2)
Parent Company        
Cash Flows from Operating Activities:        
Net (Loss) Income   (301.2) (120.5) 409.9
Adjustments to Reconcile Net (Loss) Income to Net Cash (Used in) Provided by Operating Activities:        
Equity in Net Income (Loss) of Subsidiaries   261.7 106.0 (475.4)
Cash Dividends from Subsidiaries   25.3 170.3 216.2
Income (Loss) from Change in Fair Value of Equity and Convertible Securities   14.8 (10.0) (4.3)
Net Realized Gain on Sale of Investments   (3.0) (10.6) (0.1)
Settlement Costs Related to Defined Benefit Pension Plan 0.0   0.0 64.1
Impairment Losses 0.2 0.2 0.0 0.0
Other Assets and Liabilities   (48.9) (35.3) 52.2
Net Cash (Used in) Provided by Operating Activities   (51.1) 99.9 262.6
Cash Flows from Investing Activities:        
Capital Contributed to Subsidiaries   (537.8) (36.5) (62.0)
Proceeds from the Sales, Calls and Maturities of Fixed Maturities   0.1 181.3 2.0
Fixed Maturities   (40.3) 0.0 0.0
Equity Securities   (5.6) (48.7) (21.0)
Net Sales (Purchases) of Short-term Investments   138.9 411.3 (415.7)
Equity Securities   71.9 28.5 2.2
Acquisition of Business   0.0 (370.9) 0.0
Other Investments   (3.1) 0.0 0.0
Net Cash (Used in) Provided by Investing Activities   (375.9) 165.0 (494.5)
Cash Flows from Financing Activities:        
Repayments of Long-term Debt   0.0 (50.0) 0.0
Dividends Paid   (79.7) (80.6) (78.9)
Proceeds from Shares Issued under Employee Stock Purchase Plan   4.9 5.4 4.4
Common Stock Repurchases   0.0 (161.7) (110.4)
Other   0.6 3.7 5.4
Net Cash Provided by (Used in) Financing Activities   465.6 (283.2) 216.1
Net increase (decrease) in cash   38.6 (18.3) (15.8)
Cash, Beginning of Year   27.7 46.0 61.8
Cash, End of Year $ 66.3 66.3 27.7 46.0
Parent Company | Senior Notes, 3.800 Percent Due February 23, 2032        
Cash Flows from Financing Activities:        
Proceeds from Issuance of 3.800% Senior Notes due February 23, 2032   396.3 0.0 0.0
Issue Fess   (1.2) 0.0 0.0
Parent Company | 5.875% Fixed-Rate Reset Junior Subordinated Debentures due 2062        
Cash Flows from Financing Activities:        
Issue Fess   (0.9) 0.0 0.0
Proceeds from Issuance of 5.875% Fixed-Rate Reset Junior Subordinated Debentures Due 2062   145.6 0.0 0.0
Parent Company | Senior Notes, 2.400 Percent Due September 30, 2030        
Cash Flows from Financing Activities:        
Proceeds from Issuance of 3.800% Senior Notes due February 23, 2032   0.0 0.0 396.8
Issue Fess   $ 0.0 $ 0.0 $ (1.2)