CONSOLIDATED STATEMENT OF CASH FLOWS

3 Months Ended

Mar. 31, 2022

Supplemental Cash Flow Elements [Abstract]

CONSOLIDATED STATEMENT OF CASH FLOWS

CONSOLIDATED STATEMENT OF CASH FLOWS

The following reconciles net income to net cash from operating activities (dollars in millions):

	Three months ended
	March 31,
	2022		2021
Cash flows from operating activities:
Net income	$	112.3	$	147.4
Adjustments to reconcile net income to net cash from operating activities:
Amortization and depreciation	112.7		108.7
Income taxes	22.5		25.9
Insurance liabilities	(113.7)		(3.9)
Accrual, amortization and fair value changes included in investment income	52.2		(87.1)
Deferral of policy acquisition costs	(82.8)		(70.7)
Net investment losses	32.7		2.8
Other	(79.5)		(33.7)
Net cash from operating activities	$	56.4	$	89.4

Other non-cash items not reflected in the investing and financing activities sections of the consolidated statement of cash flows (dollars in millions):

	Three months ended
	March 31,
	2022		2021
Amounts related to employee benefit plans	$	7.2	$	5.6