XML 117 R7.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows - operating activities    
Net income $ 102.3 $ 85.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment losses 10.6 12.8
Amortization of premiums and accretion of discounts on fixed maturity securities, net 3.3 4.9
Depreciation and intangible asset amortization 16.7 17.5
Share-based compensation expense 6.0 4.6
Changes in:    
Accrued investment income (8.1) (5.5)
Insurance liabilities 75.1 97.9
Premium receivables (3.4) 4.1
Deferred policy acquisition costs (0.1) (2.5)
Reinsurance recoverables (1.6) 3.3
Income tax liabilities 2.3 (3.4)
Other operating assets and liabilities 2.5 44.3
Other (27.5) 4.3
Net cash provided by operating activities 178.1 267.8
Fixed maturity securities    
Purchases (1,228.1) (1,093.9)
Sales 319.2 352.8
Maturities, paydowns, calls and redemptions 631.5 525.3
Equity securities    
Purchases (45.0) (23.2)
Sales and repayments 1.0 12.4
Limited partnership interests    
Purchases (202.1) (59.9)
Sales 69.4 14.6
Change in short-term and other investments, net 103.1 (96.9)
Net cash used in investing activities (351.0) (368.8)
Cash flows - financing activities    
Dividends paid to shareholders (38.6) (37.2)
FHLB borrowings 1.0 4.0
Principal repayment on FHLB borrowings (50.0) 0.0
Acquisition of treasury stock (1.7) (2.2)
Proceeds from exercise of stock options 0.3 2.4
Withholding tax payments on RSUs tendered (2.0) (2.0)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits 833.2 462.2
Benefits, withdrawals and net transfers to Separate Account (variable annuity) assets (342.1) (284.4)
Principal Repayment On Federal Home Loan Bank Funding Agreements (204.0) 0.0
Life policy accounts:    
Deposits 6.7 6.8
Withdrawals and surrenders (3.0) (2.9)
Change in deposit asset on reinsurance (17.2) (14.8)
Change in book overdrafts 8.2 9.1
Net cash provided by financing activities 190.8 141.0
Net increase in cash 17.9 40.0
Cash at beginning of period 22.3 25.5
Cash at end of period $ 40.2 $ 65.5