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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Insurance policy income $ 1,749.3 $ 1,713.4
Net investment income 1,032.5 979.5
Fee revenue and other income 123.9 167.0
Insurance policy benefits (1,215.3) (1,215.2)
Interest expense (167.9) (155.3)
Deferrable policy acquisition costs (327.4) (277.6)
Other operating costs (706.1) (759.7)
Income taxes (52.3) (45.9)
Net cash from operating activities 436.7 406.2
Cash flows from investing activities:    
Sales of investments 2,549.3 992.5
Maturities and redemptions of investments 1,492.0 1,026.8
Purchases of investments (5,381.9) (2,897.1)
Net sales (purchases) of trading securities 9.4 (37.2)
Other (6.2) (30.3)
Net cash used by investing activities (1,337.4) (945.3)
Cash flows from financing activities:    
Issuance of notes payable, net 691.0 0.0
Issuance of common stock 8.1 11.1
Payments to repurchase common stock (208.5) (95.8)
Common stock dividends paid (51.3) (51.4)
Proceeds from financing arrangements 0.0 80.3
Payments on financing arrangements (10.7) (2.1)
Amounts received for deposit products 2,855.9 1,537.6
Withdrawals from deposit products (1,492.7) (1,265.8)
Issuance of investment borrowings:    
Federal Home Loan Bank 304.5 895.5
Payments on investment borrowings:    
Federal Home Loan Bank (304.9) (445.6)
Related to variable interest entities (534.4) (186.8)
Net cash provided by financing activities 1,257.0 477.0
Net increase (decrease) in cash and cash equivalents 356.3 (62.1)
Cash and cash equivalents - unrestricted and including held by variable interest entities, beginning of period 889.0 644.9
Cash and cash equivalents - unrestricted and including held by variable interest entities, end of period $ 1,245.3 $ 582.8