XML 34 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 49.7 $ 29.3
Adjustments to reconcile net income to net cash provided by operating activities:    
Loss from retirement of debt   2.5
Net realized investment gains (2.3) (2.9)
Net amortization and depreciation 9.1 4.2
Stock-based compensation expense 4.1 3.6
Amortization of deferred benefit plan costs 2.3 2.6
Deferred income taxes (18.9) 5.6
Change in deferred acquisition costs (9.4) 5.4
Change in premiums receivable, net of reinsurance premiums payable 49.3 15.5
Change in loss, loss adjustment expense and unearned premium reserves 138.8 25.8
Change in reinsurance recoverable (167.9) (14.4)
Change in expenses and taxes payable (28.2) (64.5)
Other, net (13.9) 11.5
Net cash provided by operating activities 12.7 24.2
CASH FLOWS FROM INVESTING ACTIVITIES    
Proceeds from disposals and maturities of fixed maturities 550.9 283.1
Proceeds from disposals of equity securities and other investments 2.6 0.7
Purchases of fixed maturities (663.0) (304.5)
Purchases of equity securities and other investments (98.4) (14.7)
Capital expenditures (3.2) (2.1)
Net cash used in investing activities (211.1) (37.5)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from exercise of employee stock options 1.1 3.9
Proceeds from debt borrowings 7.4 3.0
Change in collateral related to securities lending program (7.8) (3.8)
Dividends paid to shareholders (13.5) (12.5)
Repurchases of debt (0.8) (50.5)
Other financing activities (0.2) (0.6)
Net cash used in financing activities (13.8) (60.5)
Effect of exchange rate changes on cash 20.1   
Net change in cash and cash equivalents (192.1) (73.8)
Net change in cash related to discontinued operations   2.2
Cash and cash equivalents, beginning of period 820.4 290.4
Cash and cash equivalents, end of period $ 628.3 $ 218.8