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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows - operating activities    
Net income (loss) $ 5.5 $ 36.5
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net investment losses 29.8 43.8
Depreciation and intangible asset amortization 19.5 20.7
Share-based compensation expense 7.1 6.7
Loss (gain) from equity method investments, net of dividends or distributions 9.0 2.1
Changes in:    
Insurance liabilities 122.3 223.5
Amounts due under reinsurance agreements 26.9 (304.3)
Income tax liabilities 8.1 125.1
Other operating assets and liabilities (28.1) (42.6)
Other, net (0.9) 4.3
Net cash provided by operating activities 199.2 115.8
Fixed maturity securities    
Purchases (462.3) (901.3)
Sales 341.4 529.9
Maturities, paydowns, calls and redemptions 213.9 428.8
Equity securities    
Purchases (2.4) (4.5)
Sales and repayments 16.6 7.0
Limited partnership interests    
Purchases (183.2) (332.3)
Sales 15.1 45.5
Change in short-term and other investments, net (24.7) 95.4
Acquisition of business, net of cash acquired 0.0 (164.4)
Net cash used in investing activities (85.6) (295.9)
Cash flows - financing activities    
Dividends paid to shareholders (40.4) (39.5)
Proceeds from issuance of 2023 Senior Notes due 2028 297.7 0.0
Principal repayment on Revolving Credit Facility (249.0) 0.0
Principal repayment on FHLB borrowings 0.0 (5.0)
Treasury stock acquired (6.5) (24.0)
Withholding tax payments on RSUs tendered (1.8) (2.4)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits including advances from FHLB funding agreements 571.8 516.7
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (464.3) (340.6)
Repayment of FHLB funding agreements (89.5) (94.0)
Life policy accounts:    
Deposits 9.4 7.7
Withdrawals and surrenders (3.2) (2.8)
Change in deposit asset on reinsurance (78.6) (32.4)
Net increase (decrease) in reverse repurchase agreements (70.0) 95.2
Change in book overdrafts 2.5 3.7
Net cash provided by (used in) financing activities (121.9) 82.6
Net decrease in cash (8.3) (97.5)
Cash at beginning of period 42.8 133.7
Cash at end of period $ 34.5 $ 36.2