XML 19 R9.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net Income $ 1,034.6 $ 664.5
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities    
Change in Receivables 437.8 427.2
Change in Deferred Acquisition Costs (30.4) (51.9)
Change in Insurance Reserves and Liabilities (125.5) 131.8
Change in Income Taxes (21.6) 205.0
Change in Other Accrued Liabilities (135.0) (64.2)
Non-cash Components of Net Investment Income (293.0) (175.8)
Net Investment (Gain) Loss 22.3 (85.4)
Depreciation 83.5 90.0
Cash Related to Reinsurance Agreement 0.0 456.8
Amortization of the Cost of Reinsurance 48.5 59.4
Other, Net (20.2) 59.8
Net Cash Provided by Operating Activities 1,061.8 907.4
Cash Flows from Investing Activities    
Proceeds from Sale of Debt Securities, Available-for-sale 453.4 322.3
Proceeds from Maturities of Fixed Maturity Securities 1,125.6 1,976.6
Proceeds from Sales and Maturities of Other Investments 306.4 273.8
Payments to Acquire Debt Securities, Available-for-sale (2,380.5) (3,123.5)
Purchases of Other Investments (342.7) (389.3)
Net Sales of Short-term Investments 204.9 67.1
Net Increase in Payables for Collateral on Investments 12.5 50.0
Net Purchases of Property and Equipment (70.8) (82.4)
Other, Net 0.0 0.4
Net Cash Used by Investing Activities (691.2) (905.8)
Cash Flows from Financing Activities    
Issuance of Long-term Debt 349.2 588.1
Long-term Debt Repayment (364.0) (500.0)
Cost Related to Early Retirement of Debt (3.6) (62.8)
Issuance of Common Stock 2.7 2.3
Payments for Repurchase of Common Stock 136.1 0.0
Dividends Paid to Stockholders (188.4) (178.0)
Proceeds from Policyholder Account Deposits 90.9 97.5
Payments for Policyholder Account Withdrawals (55.6) (62.7)
Cash Received Related to Active Life Volatility Cover Agreement 5.2 40.4
Other, Net (2.6) (1.7)
Net Cash Used by Financing Activities (302.3) (76.9)
Net Increase (Decrease) in Cash and Bank Deposits 68.3 (75.3)
Cash and Bank Deposits at Beginning of Year 75.0 197.0
Cash and Bank Deposits at End of Period $ 143.3 $ 121.7