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v3.25.4

Schedule II Condensed Financial Information of Registrant (Tables) - Parent Company | 12 Months Ended
--- | ---
Dec. 31, 2025
Condensed Financial Statements, Captions |
Condensed Balance Sheet of Parent Company | BALANCE SHEETS
| December 31
| 2025 |  | 2024
| (in millions of dollars)
Assets |  |  |
Fixed Maturity Securities - at fair value (amortized cost: $499.1; $545.0) | $ | 472.7 |  |  | $ | 497.4 |
Other Long-term Investments | 32.7 |  |  | 32.7 |
Short-term Investments | 1,766.6 |  |  | 1,397.5 |
Investment in Subsidiaries | 12,721.6 |  |  | 12,982.0 |
Deferred Income Tax | 77.0 |  |  | 122.5 |
Other Assets | 683.2 |  |  | 620.0 |
Total Assets | $ | 15,753.8 |  |  | $ | 15,652.1 |
Liabilities and Stockholders' Equity |  |  |
Liabilities |  |  |
Short-term Debt | $ | — |  |  | $ | 274.6 |
Long-term Debt | 3,767.6 |  |  | 3,465.2 |
Pension and Postretirement Benefits | 285.9 |  |  | 341.9 |
Other Liabilities | 581.2 |  |  | 609.3 |
Total Liabilities | 4,634.7 |  |  | 4,691.0 |
Stockholders' Equity |  |  |
Common Stock, $0.10 par |  |  |
Authorized: 725,000,000 shares |  |  |
Issued: 196,194,941 and 195,460,723 shares | 19.6 |  |  | 19.5 |
Additional Paid-in Capital | 1,593.0 |  |  | 1,489.6 |
Accumulated Other Comprehensive Loss | (1,808.5) |  |  | (2,523.7) |
Retained Earnings | 13,345.3 |  |  | 12,914.0 |
Treasury Stock - at cost: 30,500,524 and 16,871,752 shares | (2,030.3) |  |  | (938.3) |
Total Stockholders' Equity | 11,119.1 |  |  | 10,961.1 |
Total Liabilities and Stockholders' Equity | $ | 15,753.8 |  |  | $ | 15,652.1 |
Condensed Income Statement of Parent Company | STATEMENTS OF INCOME
| Year Ended December 31
| 2025 |  | 2024 |  | 2023
| (in millions of dollars)
Cash Dividends from Subsidiaries | $ | 1,643.1 |  |  | $ | 1,378.7 |  |  | $ | 1,581.1 |
Non-Cash Dividends from Subsidiaries | 151.1 |  |  | 33.0 |  |  | — |
Other Income | 145.6 |  |  | 100.5 |  |  | 90.3 |
Total Revenue | 1,939.8 |  |  | 1,512.2 |  |  | 1,671.4 |
Interest and Debt Expense | 208.8 |  |  | 201.1 |  |  | 194.8 |
Other Expenses | 158.9 |  |  | 70.8 |  |  | 54.2 |
Total Expenses | 367.7 |  |  | 271.9 |  |  | 249.0 |
Income of Parent Company Before Income Tax | 1,572.1 |  |  | 1,240.3 |  |  | 1,422.4 |
Income Tax Benefit | (42.1) |  |  | (33.7) |  |  | (9.5) |
Income of Parent Company | 1,614.2 |  |  | 1,274.0 |  |  | 1,431.9 |
Equity in Undistributed Earnings (Loss) of Subsidiaries | (875.7) |  |  | 505.1 |  |  | (148.1) |
Net Income | 738.5 |  |  | 1,779.1 |  |  | 1,283.8 |
Other Comprehensive Income, Net of Tax | 715.2 |  |  | 784.3 |  |  | 140.3 |
Comprehensive Income | $ | 1,453.7 |  |  | $ | 2,563.4 |  |  | $ | 1,424.1 |
Condensed Cash Flow Statement of Parent Company | STATEMENTS OF CASH FLOWS
| Year Ended December 31
| 2025 |  | 2024 |  | 2023
| (in millions of dollars)
Cash Provided by Operating Activities | $ | 1,565.4 |  |  | $ | 1,358.2 |  |  | $ | 1,548.0 |
Cash Flows from Investing Activities |  |  |  |  |
Proceeds from Sales and Maturities of Fixed Maturity Securities | 269.1 |  |  | 378.0 |  |  | 97.1 |
Proceeds from Sales and Maturities of Other Investments | 52.7 |  |  | 25.1 |  |  | 23.9 |
Purchase of Fixed Maturity Securities | (83.3) |  |  | (3.0) |  |  | (44.5) |
Purchase of Other Investments | (38.9) |  |  | (16.1) |  |  | (23.4) |
Net Purchases of Short-term Investments | (314.7) |  |  | (375.4) |  |  | (104.4) |
Cash Distributions to Subsidiaries | (40.1) |  |  | (40.2) |  |  | (854.5) |
Net Purchases of Property and Equipment | (99.7) |  |  | (91.1) |  |  | (113.1) |
Cash Used by Investing Activities | (254.9) |  |  | (122.7) |  |  | (1,018.9) |
Cash Flows from Financing Activities |  |  |  |  |
Short-term Debt Repayment | (275.0) |  |  | — |  |  | (2.0) |
Issuance of Long-term Debt | 296.0 |  |  | 391.6 |  |  | — |
Long-term Debt Repayment | — |  |  | (350.0) |  |  | — |
Issuance of Common Stock | 5.1 |  |  | 6.0 |  |  | 5.2 |
Repurchase of Common Stock | (1,010.3) |  |  | (972.9) |  |  | (250.1) |
Dividends Paid to Stockholders | (306.2) |  |  | (296.5) |  |  | (277.1) |
Other, Net | (0.7) |  |  | (9.9) |  |  | — |
Cash Used by Financing Activities | (1,291.1) |  |  | (1,231.7) |  |  | (524.0) |
Increase in Cash | $ | 19.4 |  |  | $ | 3.8 |  |  | $ | 5.1 |

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