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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash Flows From Operating Activities    
Net income $ 168.6 $ 253.9
Adjustments to reconcile net income to net cash provided by operating activities:    
Gain on disposal of U.K. motor business (1.3) (37.7)
Net loss from repayment of debt 86.1 24.1
Net realized investment gains (5.1) (29.6)
Net amortization and depreciation 24.6 22.8
Stock-based compensation expense 8.5 9.4
Amortization of defined benefit plan costs 7.5 10.0
Deferred income tax expense 10.1 40.3
Change in deferred acquisition costs (27.8) (21.6)
Change in premiums receivable, net of reinsurance premiums payable (84.7) (114.6)
Change in loss, loss adjustment expense and unearned premium reserves 512.5 323.8
Change in reinsurance recoverable (102.9) (123.0)
Change in expenses and taxes payable (31.2) (5.1)
Other, net (6.8) 1.7
Net cash provided by operating activities 558.1 354.4
Cash Flows From Investing Activities    
Proceeds from disposals and maturities of fixed maturities 1,190.3 1,272.9
Proceeds from disposals of equity securities and other investments 226.1 243.1
Purchase of fixed maturities (1,443.1) (1,376.3)
Purchase of equity securities and other investments (292.2) (285.8)
Cash received from disposal of U.K. motor business, net of cash transferred 44.3
Capital expenditures (12.2) (14.5)
Other investing activities 12.1 4.5
Net cash used in investing activities (319.0) (111.8)
Cash Flows From Financing Activities    
Proceeds from exercise of employee stock options 14.8 14.3
Proceeds from debt borrowings, net 370.5  
Change in cash collateral related to securities lending program (9.6) 14.1
Dividends paid to shareholders (59.2) (54.3)
Repayment of debt (461.3) (114.3)
Repurchases of common stock (105.2) (85.3)
Other financing activities (9.8) (3.7)
Net cash used in financing activities (259.8) (229.2)
Effect of exchange rate changes on cash (2.2) (1.6)
Net change in cash and cash equivalents (22.9) 11.8
Cash and cash equivalents, beginning of period 338.8 373.3
Cash and cash equivalents, end of period $ 315.9 $ 385.1