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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Insurance policy income $ 1,724.9 $ 1,756.4
Net investment income 832.2 793.1
Fee revenue and other income 110.4 104.3
Insurance policy benefits (1,243.4) (1,247.3)
Interest expense (65.8) (57.4)
Deferrable policy acquisition costs (245.7) (213.3)
Other operating costs (757.4) (685.7)
Income taxes (20.7) 28.9
Net cash from operating activities 334.5 479.0
Cash flows from investing activities:    
Sales of investments 2,764.9 1,419.7
Maturities and redemptions of investments 1,265.1 2,237.8
Purchases of investments (5,521.1) (4,363.8)
Net purchases of trading securities (37.4) (21.1)
Other (39.4) (68.0)
Net cash used by investing activities (1,567.9) (795.4)
Cash flows from financing activities:    
Issuance of common stock 6.6 18.6
Payments to repurchase common stock (180.2) (307.8)
Common stock dividends paid (48.7) (49.9)
Amounts received for deposit products 2,457.8 1,379.3
Withdrawals from deposit products (1,071.0) (999.3)
Issuance of investment borrowings:    
Federal Home Loan Bank 210.0 720.8
Payments on investment borrowings:    
Federal Home Loan Bank (285.9) (622.1)
Related to variable interest entities (33.4) (1.6)
Debt issuance costs 0.0 (0.9)
Net cash provided by financing activities 1,055.2 137.1
Net decrease in cash and cash equivalents (178.2) (179.3)
Cash and cash equivalents - unrestricted and held by variable interest entities, beginning of period 731.7 991.9
Cash and cash equivalents - unrestricted and held by variable interest entities, end of period $ 553.5 $ 812.6