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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended 12 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Adjustments to reconcile net income to net cash provided by operating activities:          
Net cash provided by operating activities $ 2,260.5 $ 2,030.4 $ 4,909.0 $ 3,470.8 $ 3,544.8
Investing activities          
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases (5,319.7) (5,893.4) (10,704.4) (18,288.2) (15,068.4)
Fixed maturities available-for-sale and equity securities with intent to hold: Sales 1,537.7 2,850.3 4,871.3 12,685.1 1,701.7
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities 2,814.2 2,471.5 4,957.2 6,566.9 10,475.1
Mortgage loans acquired or originated (1,014.5) (917.5) (1,998.7) (3,633.2) (5,016.8)
Mortgage loans sold or repaid 789.6 893.6 2,011.4 2,513.2 2,626.6
Real estate acquired (70.9) (95.2) (187.5) (245.2) (281.4)
Real estate sold 104.0   130.8 373.9 133.7
Net purchases of property and equipment (22.6) (19.3) (41.1) (68.4) (91.9)
Net change in other investments (574.9) (100.2) (781.8) (218.1) (149.4)
Net cash used in investing activities (1,757.1) (810.2) (1,742.8) (314.0) (5,670.8)
Financing activities          
Payments for financing element derivatives (21.2) (20.4) (42.1) (50.6) (39.9)
Purchase of subsidiary shares from noncontrolling interest       (6.7) (16.6)
Dividends paid to parent (540.0) (325.0) (1,200.0) (1,425.0) (1,250.0)
Capital distributions to parent (34.3) (38.4) (39.0) (30.3) (16.3)
Issuance of long-term debt       15.4  
Principal repayments of long-term debt   (1.2) (64.0) (2.1) (1.8)
Investment contract deposits 5,323.4 4,577.1 8,152.2 6,881.3 8,868.3
Investment contract withdrawals (5,421.1) (5,139.4) (9,326.3) (7,524.6) (8,760.5)
Net increase (decrease) in banking operation deposits 435.5 (432.4) (338.6) 1,086.3 2,922.9
Other 0.4 (0.1) 0.3 0.2  
Net cash used in financing activities (257.3) (1,379.8) (2,857.5) (1,056.1) 1,706.1
Net increase (decrease) in cash and cash equivalents 246.1 (159.6) 308.7 2,100.7 (419.9)
Cash and cash equivalents at beginning of period 3,638.0 3,329.3 3,329.3 1,228.6 1,648.5
Cash and cash equivalents at end of period 3,884.1 3,169.7 3,638.0 3,329.3 1,228.6
Supplemental information:          
Cash paid for interest     1.3 2.6 2.2
Cash paid for income taxes     63.4 43.5 46.3
Asset changes resulting from deconsolidation of residential whole loan securitizations:          
Decrease in mortgage loans   (294.5) (389.7) (220.7)  
Increase in fixed maturities, available-for-sale   227.4 286.2 167.6  
Increase in fixed maturities, trading   $ 8.4 $ 10.8    
Assets transferred in kind for settlement to reinsurer       $ (428.5)  
Assets received in kind for pension risk transfer transactions $ 405.0       109.5
Changes from re-designation of other postretirement employee benefits ("OPEB") plan assets to cover non-retiree benefits:          
Increases in equity securities re-designated from funded status of OPEB plan         548.1
Increases in other investments re-designated from funded status of OPEB plan         117.5
Decrease in tax receivable re-designated from funded status of OPEB plan         (9.1)
Decrease in accumulated other comprehensive income ("AOCI") due to reclassifying excess assets out of funded status of OPEB plan         9.1
Decrease in other assets due to reclassifying excess assets out of funded status of OPEB plan         $ (665.6)