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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows - operating activities    
Net income $ 26.5 $ 6.6
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Net investment gains (losses) (2.2) 3.9
Depreciation and intangible asset amortization 6.6 6.6
Share-based compensation expense 2.5 2.0
Loss (gain) from equity method investments, net of dividends or distributions 15.6 10.0
Changes in:    
Insurance liabilities (27.8) 55.8
Amounts due under reinsurance agreements 31.3 0.3
Income tax liabilities 17.6 (9.9)
Other operating assets and liabilities 10.8 5.4
Other, net (6.4) 5.7
Net cash provided by operating activities 74.5 86.4
Cash flows - investing activities    
Fixed maturity securities purchases (335.6) (185.5)
Fixed maturity securities sales 88.0 62.7
Fixed maturity securities maturities, paydowns, calls and redemptions 119.3 73.7
Equity securities purchases (1.1) (1.1)
Equity securities sales and repayments 0.0 0.0
Limited partnership interests purchases (19.2) (75.1)
Limited partnership interests sales 23.1 3.4
Change in short-term and other investments, net 65.0 26.6
Other-net 1.0 0.0
Net cash used in investing activities (59.5) (95.3)
Cash flows - financing activities    
Dividends paid to shareholders (13.9) (13.5)
Treasury stock acquired 0.0 (4.4)
Proceeds from exercise of stock options 1.1 0.0
Withholding tax payments on RSUs tendered (1.6) (1.7)
Annuity contracts: variable, fixed and FHLB funding agreements:    
Deposits 185.9 278.7
Benefits, withdrawals and net transfers to Separate Account variable annuity assets (149.3) (152.2)
Repayment of FHLB funding agreements (50.0) (85.0)
Life policy accounts deposits, withdrawals, and surrenders 2.1 2.3
Change in deposit asset on reinsurance (49.3) (24.0)
Net increase (decrease) in reverse repurchase agreements 50.0 0.0
Change in book overdrafts 0.7 (6.7)
Net cash used in financing activities (24.3) (6.5)
Net decrease in cash (9.3) (15.4)
Cash at beginning of period 29.7 42.8
Cash at end of period $ 20.4 $ 27.4