Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2020

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information — Cash and cash equivalents include bank demand deposits and daily overnight reverse repurchase commitments used to safeguard funds held in those bank demand deposit accounts, and are not considered part of the investment portfolio. The amount of these reverse repurchase commitments held at September 30, 2020 and 2019, and December 31, 2019, were $77.2 million, $62.8 million, and $46.3 million, respectively.

Restricted cash on our consolidated balance sheets represents cash that is restricted to pay flood claims under the National Flood Insurance Program’s “Write Your Own” program, for which subsidiaries of our Property business are administrators.

During the nine months ended September 30, 2020, non-cash activity includes declared but unpaid common share dividends of $58.6 million (see Note 9 – Dividends for further discussion) and changes in operating lease liabilities arising from obtaining right-of-use assets of $48.5 million.

We paid the following in the respective periods:


	Nine Months Ended September 30,
(millions)	2020		2019
Income taxes	$	1,079.2	$	738.7
Interest	168.4		147.3
Operating lease liabilities	66.6		61.2

Our consolidated statement of cash flows for the nine months ended September 30, 2019, was revised to correct the classification of our acquisition of additional shares of ARX from an investing activity to a financing activity; there was no overall impact on the increase in cash, cash equivalents, and restricted cash that was reported for September 30, 2019.