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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net income $ 182.4 $ 208.3
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 171.8 248.9
Depreciation and amortization 91.6 82.6
Amortization of premiums and accretion of discounts on debt securities, net 2.9 17.3
Net investment losses 1.1 176.3
Share-based compensation 32.0 52.0
Equity in earnings of affiliates, net (1.8) (6.7)
Dividends from equity method investments 3.8 6.1
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (179.5) (222.5)
Net change in income tax accounts 41.5 (43.3)
(Increase) decrease in accounts and accrued income receivable (22.4) 28.1
Decrease in accounts payable and accrued liabilities (124.1) (323.8)
Decrease in deferred revenue (3.7) (23.1)
Other, net (18.9) 29.4
Cash provided by operating activities 176.7 229.6
Cash flows from investing activities:    
Acquisitions/dispositions, net of cash acquired/divested (18.0) (203.3)
Net decrease (increase) in deposits with banks 6.7 (11.2)
Purchases of debt securities (640.6) (1,144.1)
Proceeds from sales of debt securities 903.0 457.4
Proceeds from maturities of debt securities 505.0 703.8
Purchases of equity securities (133.6) (98.9)
Proceeds from sales of equity securities 32.4 156.8
Net change in other investments (0.6) 1.0
Advances under secured financing agreements (6,407.2) (9,729.7)
Collections of secured financings receivable 6,136.1 9,789.3
Capital expenditures (139.5) (117.8)
Proceeds from sales of property and equipment 0.1 0.2
Proceeds from insurance settlement 2.1 1.7
Cash provided by (used for) investing activities 245.9 (194.8)
Cash flows from financing activities:    
Net change in deposits 789.7 1,058.1
Borrowings under secured financing agreements 6,376.3 9,599.5
Repayments of secured financings payable (6,156.9) (9,711.7)
Repayment of senior unsecured notes (250.0)  
Repayments of other notes and contracts payable (3.5) (3.3)
Net activity related to noncontrolling interests (6.4) (1.1)
Net payments in connection with share-based compensation (1.0) (6.9)
Repurchases of Company shares (45.7) (334.8)
Payments of cash dividends (107.4) (109.7)
Cash provided by financing activities 595.1 490.1
Effect of exchange rate changes on cash 4.7 (8.3)
Net increase in cash and cash equivalents 1,022.4 516.6
Cash and cash equivalents—Beginning of period 1,223.5 1,228.0
Cash and cash equivalents—End of period 2,245.9 1,744.6
Supplemental information:    
Interest 59.8 38.2
Premium taxes 49.3 72.2
Income taxes $ 13.3 $ 106.0