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v3.25.2

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions | 6 Months Ended
--- | ---
Jun. 30, 2025 | Jun. 30, 2024
Operating activities |  |
Net cash provided by operating activities | $ 1,789.2 | $ 2,015.9
Investing activities |  |
Fixed maturities available-for-sale and equity securities with intent to hold: Purchases | (7,384.7) | (5,719.3)
Fixed maturities available-for-sale and equity securities with intent to hold: Sales | 3,294.0 | 1,817.1
Fixed maturities available-for-sale and equity securities with intent to hold: Maturities | 3,547.6 | 2,944.1
Mortgage loans acquired or originated | (1,704.9) | (1,032.5)
Mortgage loans sold or repaid | 1,470.2 | 836.2
Real estate acquired | (64.7) | (70.9)
Real estate sold | 9.5 | 104.0
Net (purchases) sales of property and equipment | (39.6) | (34.7)
Net change in other investments | (329.8) | (475.0)
Net cash provided by (used in) investing activities | (1,202.4) | (1,631.0)
Financing activities |  |
Issuance of common stock | 27.3 | 33.9
Acquisition of treasury stock | (399.6) | (484.5)
Payments for financing element derivatives | (21.4) | (21.2)
Purchase of subsidiary shares from noncontrolling interest | (1.4) | (1.0)
Dividends to common stockholders | (338.7) | (327.6)
Principal repayments of long-term debt | (400.0) |
Net proceeds from (repayments of) short-term borrowings | (11.6) | (6.7)
Investment contract deposits | 5,720.4 | 5,565.0
Investment contract withdrawals | (5,745.7) | (5,469.7)
Net increase (decrease) in banking operation deposits | 32.3 | 435.5
Other | (1.3) | 0.3
Net cash provided by (used in) financing activities | (1,139.7) | (276.0)
Net increase (decrease) in cash and cash equivalents | (552.9) | 108.9
Cash and cash equivalents at beginning of period | 4,211.9 | 4,707.7
Cash and cash equivalents at end of period | 3,659.0 | 4,816.6
Supplemental disclosure of non-cash activities: |  |
Assets received in kind for pension risk transfer transactions |  | $ 405.0
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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