XML 63 R6.htm IDEA: XBRL DOCUMENT v3.19.3
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Operating Activities:    
Net Income $ 406.4 $ 183.6
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Increase in Deferred Policy Acquisition Costs (66.5) (82.1)
Amortization of Intangible Assets Acquired 24.3 106.1
Equity in Earnings of Equity Method Limited Liability Investments 0.5 (8.1)
Contribution to Defined Benefit Pension Plan (55.3) (5.1)
Distribution of Accumulated Earnings of Equity Method Limited Liability Investments 9.2 9.2
Increase in Value of Equity and Convertible Securities at Fair Value (99.7) (12.1)
Amortization of Investment Securities and Depreciation of Investment Real Estate 1.2 6.9
Net Realized Gains on Sales of Investments (39.1) (10.0)
Net Impairment Losses Recognized in Earnings 12.1 2.3
Loss from Early Extinguishment of Debt 5.8 0.0
Depreciation and Amortization of Property, Equipment and Software 21.7 12.2
Increase in Receivables (104.4) (102.3)
Increase in Insurance Reserves 71.5 131.8
Increase in Unearned Premiums 150.7 102.3
Change in Income Taxes 46.1 4.6
Change in Accrued Expenses and Other Liabilities (22.8) (5.4)
Other, Net 4.8 11.4
Net Cash Provided by Operating Activities 366.5 345.3
Investing Activities:    
Sales, Paydowns and Maturities of Fixed Maturities 1,067.9 2,133.7
Purchases of Fixed Maturities (1,013.7) (1,520.7)
Sales of Equity and Convertible Securities 99.7 186.6
Purchases of Equity and Convertible Securities (248.2) (344.3)
Acquisition and Improvements of Investment Real Estate 1.2 1.0
Sale of and Return of Investment of Equity Method Limited Liability Investments 25.7 7.3
Acquisitions of Equity Method Limited Liability Investments (61.8) (17.4)
Increase in Short-term Investments (111.5) (351.6)
Acquisition of Business, Net of Cash Acquired 0.0 (560.6)
Decrease (Increase) in Other Investments (32.3) 0.6
Purchases of Corporate-owned Life Insurance (50.0) 0.0
Acquisition of Software and Long-lived Assets (53.8) (53.9)
Other, Net (2.0) 4.6
Net Cash Used by Investing Activities (381.2) (516.7)
Financing Activities:    
Net Proceeds from Issuance of Long-term Debt 49.9 249.0
Repayment of Long-term Debt (185.0) 0.0
Proceeds from Collateralized Investment Borrowings 385.6 10.0
Repayment of Collateralized Investment Borrowings (258.0) 0.0
Proceeds from Issuance of Common Stock, Net of Transaction Costs 127.5 0.0
Dividends and Dividend Equivalents Paid (49.1) (40.7)
Proceeds from Shares Issued under Employee Stock Purchase Plan 1.0 0.0
Cash Exercise of Stock Options 2.2 0.7
Other, Net (0.9) (0.5)
Net Cash Provided by Financing Activities 73.2 218.5
Increase in Cash 58.5 47.1
Cash, Beginning of Year 75.1 45.7
Cash, End of Period $ 133.6 $ 92.8