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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities:    
Net Income $ 190.1 $ 277.4
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Increase in Deferred Policy Acquisition Costs (23.1) (51.1)
Amortization of Intangible Assets Acquired 9.5 16.7
Equity in Earnings of Equity Method Limited Liability Investments 10.9 (1.0)
Distribution of Accumulated Earnings of Equity Method Limited Liability Investments 0.0 6.3
Decrease (Increase) in Value of Equity and Convertible Securities at Fair Value 46.2 (89.9)
Amortization of Investment Securities and Depreciation of Investment Real Estate 1.0 5.9
Net Realized Gains on Sales of Investments (28.2) (37.4)
Impairment Losses 19.0 10.3
Depreciation and Amortization of Property, Equipment and Software 16.8 14.8
Increase in Receivables (36.3) (95.0)
Increase (Decrease) in Insurance Reserves (96.7) 56.2
Increase in Unearned Premiums 97.1 121.3
Change in Income Taxes 46.5 23.2
Change in Accrued Expenses and Other Liabilities 10.7 (22.5)
Other, Net 0.3 1.3
Net Cash Provided by Operating Activities 263.8 236.5
Investing Activities:    
Sales, Paydowns and Maturities of Fixed Maturities 482.5 959.0
Purchases of Fixed Maturities (832.2) (721.5)
Sales of Equity and Convertible Securities 382.6 82.7
Purchases of Equity and Convertible Securities (309.2) (231.7)
Acquisition and Improvements of Investment Real Estate 0.1 0.6
Sales of Investment Real Estate 5.4 0.0
Sale of and Return of Investment of Equity Method Limited Liability Investments 12.0 13.7
Acquisitions of Equity Method Limited Liability Investments (12.4) (51.6)
Decrease (Increase) in Short-term Investments 326.7 (353.4)
Acquisition of Mortgage Loans 10.5 0.0
Paydowns of Mortgage Loans 13.1 0.0
Increase in Other Investments 0.1 (29.2)
Purchases of Corporate-owned Life Insurance (100.0) (50.0)
Acquisition of Software and Long-lived Assets (39.4) (30.7)
Other, Net 4.6 (0.3)
Net Cash Provided (Used) by Investing Activities (76.8) (413.6)
Financing Activities:    
Repayment of Long-term Debt 0.0 (35.0)
Proceeds from Policyholder Contract Liabilities 322.9 259.0
Repayment of Policyholder Contract Liabilities (112.8) (113.9)
Proceeds from Issuance of Common Stock, Net of Transaction Costs 0.0 127.5
Common Stock Repurchases (110.4) 0.0
Dividends and Dividend Equivalents Paid (39.7) (32.8)
Proceeds from Shares Issued under Employee Stock Purchase Plan 1.9 0.0
Cash Exercise of Stock Options 3.6 2.0
Other, Net 0.0 (0.4)
Net Cash Provided by Financing Activities 65.5 206.4
Increase in Cash 252.5 29.3
Cash, Beginning of Year 136.8 75.1
Cash, End of Period $ 389.3 $ 104.4