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v3.25.1

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 3 Months Ended
--- | ---
Mar. 31, 2025 | Mar. 31, 2024
Operating activities |  |
Net cash provided by operating activities | $ 977.3 | $ 584.2
Investing activities |  |
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases | (4,070.6) | (3,000.8)
Fixed maturities available-for-sale and equity securities with intent to hold: Sales | 1,532.2 | 904.5
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities | 1,677.4 | 1,271.0
Mortgage loans acquired or originated | (566.9) | (603.6)
Mortgage loans sold or repaid | 712.8 | 344.9
Real estate acquired | (32.8) | (29.9)
Real estate sold | 9.5 | 35.5
Net (purchases) sales of property and equipment | (16.4) | (16.8)
Net change in other investments | (197.9) | (248.0)
Net cash provided by (used in) investing activities | (952.7) | (1,343.2)
Financing activities |  |
Issuance of common stock | 14.0 | 12.9
Acquisition of treasury stock | (240.3) | (234.2)
Payments for financing element derivatives | (10.7) | (10.6)
Purchase of subsidiary shares from noncontrolling interest | (1.6) |
Dividends to common stockholders | (169.0) | (162.4)
Net proceeds from (repayments of) short-term borrowings | (6.3) | (4.1)
Investment contract deposits | 3,213.0 | 3,198.6
Investment contract withdrawals | (3,024.0) | (2,711.3)
Net increase (decrease) in banking operation deposits | (134.4) | 130.7
Other | (1.5) | 0.1
Net cash provided by (used in) financing activities | (360.8) | 219.7
Net increase (decrease) in cash and cash equivalents | (336.2) | (539.3)
Cash and cash equivalents at beginning of period | 4,211.9 | 4,707.7
Cash and cash equivalents at end of period | 3,875.7 | $ 4,168.4
Pre-capitalized contingent funding agreement exercise: |  |
Increase in fixed maturities, trading | 388.3 |
Increase in long-term debt, net of discount | (388.3) |
Changes resulting from deconsolidation of an investment: |  |
Decrease in mortgage loans | (140.6) |
Decrease in short-term debt | 54.0 |
Decrease in long-term debt | $ 86.7 |

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