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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES        
Net (decrease) increase in net assets resulting from operations $ (1,268.0) $ 1,525.6 $ (1,966.3) $ 3,057.6
Adjustments to reconcile net changes in net assets resulting from operations to net cash provided by (used in) operating activities:        
Net realized (gain) on investments (36.6) 0.2 (17.5) (41.3)
Net change in unrealized loss (gain) on investments and debt 1,482.4 (1,341.9) 2,370.5 (2,653.3)
Purchase of real estate properties     (0.3) (339.5)
Capital improvements on real estate properties     (181.1) (195.8)
Proceeds from sales of real estate properties     0.0 334.0
Purchases of other real estate investments     (156.7) (687.1)
Proceeds from sales of other real estate investments     159.7 392.7
Purchases and originations of loans receivable     (16.5) (317.5)
Purchases and originations of loans receivable with related parties     (31.1) 0.0
Proceeds from sales of loans receivable     0.0 161.4
Proceeds from payoffs of loans receivable     11.4 8.4
Decrease (Increase) in other investments     1,402.4 (556.0)
Net change in due to/from investment manager     (7.2) 1.0
Increase in payable for securities purchased     0.0 100.0
(Increase) in other assets     (10.0) (4.8)
(Increase) in other liabilities     (17.6) (27.4)
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES     1,539.7 (767.6)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of unsecured debt     400.0 500.0
Mortgage loan proceeds received     100.0 9.1
Payments of mortgage loans     (345.1) (46.8)
Premiums 539.8 859.1 1,050.4 1,667.5
Annuity payments (13.8) (14.5) (28.2) (27.0)
Death benefits     (78.2) (67.0)
Withdrawals     (2,637.7) (1,254.3)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES     (1,538.8) 781.5
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH     0.9 13.9
CASH, CASH EQUIVALENTS AND RESTRICTED CASH        
Beginning of period cash, cash equivalents and restricted cash     117.0 46.0
Net increase in cash, cash equivalents and restricted cash     0.9 13.9
End of period cash, cash equivalents and restricted cash 117.9 59.9 117.9 59.9
SUPPLEMENTAL DISCLOSURES:        
Cash paid for interest     38.9 43.2
Cash and cash equivalents 82.2 32.1 82.2 32.1
Restricted cash [1] 35.7 27.8 35.7 27.8
TOTAL CASH, CASH EQUIVALENTS AND RESTRICTED CASH $ 117.9 $ 59.9 $ 117.9 $ 59.9
[1] Restricted cash is included within other assets in the Consolidated Statements of Assets and Liabilities.