XML 14 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net increase in net assets resulting from operations $ 1,532.0 $ 517.8
Adjustments to reconcile net changes in net assets resulting from operations to net cash used in operating activities:    
Net realized gain on investments (41.5) (2.3)
Net change in unrealized gain on investments and loans payable (1,311.4) (362.9)
Purchase of real estate properties (137.2) (0.6)
Capital improvements on real estate properties (84.8) (56.0)
Proceeds from sales of real estate properties 157.7 3.0
Purchases of other real estate investments (369.8) (96.7)
Proceeds from sales of other real estate investments 310.8 0.0
Purchases and originations of loans receivable (5.2) (46.6)
Proceeds from sales of loans receivable 161.4 81.2
Proceeds from payoffs of loans receivable 8.2 10.9
Increase in other investments (363.2) (90.8)
Net change in due to/from investment manager 0.7 4.4
Increase in receivable for securities sold (4.8) 0.0
Increase in payable for securities purchased 45.0 0.0
Decrease in other assets 20.3 21.2
(Increase) decrease in other liabilities (35.0) 1.7
NET CASH USED IN OPERATING ACTIVITIES (116.8) (15.7)
CASH FLOWS FROM FINANCING ACTIVITIES    
Mortgage loan proceeds received 3.0 0.0
Payments of mortgage loans (41.8) (4.3)
Premiums 808.4 688.1
Annuity payments (12.5) (12.0)
Withdrawals and death benefits (628.9) (665.7)
NET CASH PROVIDED BY FINANCING ACTIVITIES 128.2 6.1
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 11.4 (9.6)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH    
Beginning of period cash, cash equivalents and restricted cash 46.0 61.1
Net increase (decrease) in cash, cash equivalents and restricted cash 11.4 (9.6)
End of period cash, cash equivalents and restricted cash 57.4 51.5
SUPPLEMENTAL DISCLOSURES:    
Cash paid for interest 21.9 23.5
Cash and cash equivalents 34.9 30.3
Restricted cash [1] 22.5 21.2
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 57.4 $ 51.5
[1] Restricted cash is included within other assets in the Consolidated Statements of Assets and Liabilities.