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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows - operating activities    
Net income $ 15.9 $ 102.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Net investment losses 43.8 10.6
Depreciation and intangible asset amortization 20.7 16.7
Share-based compensation expense 6.7 6.0
Income from equity method investments, net of dividends or distributions 2.1 (31.1)
Changes in:    
Insurance liabilities 403.3 75.1
Amounts due under reinsurance agreements (344.3) (1.6)
Income tax liabilities (6.0) 2.3
Other operating assets and liabilities (31.0) (9.0)
Other, net 4.6 6.8
Net cash provided by operating activities 115.8 178.1
Fixed maturity securities    
Purchases (901.3) (1,228.1)
Sales 529.9 319.2
Maturities, paydowns, calls and redemptions 428.8 631.5
Equity securities    
Purchases (4.5) (45.0)
Sales and repayments 7.0 1.0
Limited partnership interests    
Purchases (332.3) (202.1)
Sales 45.5 69.4
Change in short-term and other investments, net 95.4 103.1
Acquisition of business, net of cash acquired (164.4) 0.0
Net cash used in investing activities (295.9) (351.0)
Cash flows - financing activities    
Dividends paid to shareholders (39.5) (38.6)
FHLB borrowings 0.0 1.0
Principal repayment on FHLB borrowings (5.0) (50.0)
Acquisition of treasury stock (24.0) (1.7)
Proceeds from exercise of stock options 0.0 0.3
Withholding tax payments on RSUs tendered (2.4) (2.0)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits 516.7 833.2
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (340.6) (342.1)
Principal repayment on FHLB funding agreements (94.0) (204.0)
Life policy accounts:    
Deposits 7.7 6.7
Withdrawals and surrenders (2.8) (3.0)
Change in deposit asset on reinsurance (32.4) (17.2)
Net increase in reverse repurchase agreements 95.2 0.0
Change in book overdrafts 3.7 8.2
Net cash provided by financing activities 82.6 190.8
Net increase (decrease) in cash (97.5) 17.9
Cash at beginning of period 133.7 22.3
Cash at end of period $ 36.2 $ 40.2