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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ 181.2 $ 210.7
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 262.9 380.4
Depreciation and amortization 138.9 124.0
Amortization of premiums and accretion of discounts on debt securities, net 5.6 18.3
Net investment losses 164.7 402.4
Share-based compensation 40.9 60.2
Equity in earnings of affiliates, net (4.0) (10.0)
Dividends from equity method investments 5.0 9.1
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (289.1) (337.7)
Net change in income tax accounts 33.0 (114.4)
(Increase) decrease in accounts and accrued income receivable (16.7) 45.5
Decrease in accounts payable and accrued liabilities (113.2) (274.4)
Increase (decrease) in deferred revenue 10.9 (10.4)
Other, net (24.1) 28.5
Cash provided by operating activities 396.0 532.2
Cash flows from investing activities:    
Acquisitions/dispositions, net of cash acquired/divested (19.1) (277.5)
Net decrease (increase) in deposits with banks 6.1 (8.4)
Purchases of debt securities (994.4) (1,989.4)
Proceeds from sales of debt securities 1,081.7 1,062.8
Proceeds from maturities of debt securities 659.3 951.2
Purchases of equity securities (164.0) (136.8)
Proceeds from sales of equity securities 61.1 230.8
Net change in other investments (10.8) (3.6)
Advances under secured financing agreements (10,109.3) (13,051.4)
Collections of secured financings receivable 9,877.3 13,146.8
Capital expenditures (205.3) (189.3)
Proceeds from sales of property and equipment 0.1 6.8
Proceeds from insurance settlement 2.1 2.9
Cash provided by (used for) investing activities 184.8 (255.1)
Cash flows from financing activities:    
Net change in deposits 93.4 1,659.8
Borrowings under secured financing agreements 10,069.4 12,858.9
Repayments of secured financings payable (9,905.3) (13,065.1)
Repayment of senior unsecured notes (250.0)  
Repayments of other notes and contracts payable (4.9) (5.1)
Net activity related to noncontrolling interests (6.6) (1.5)
Net payments in connection with share-based compensation (3.8) (1.6)
Repurchases of Company shares (55.0) (406.7)
Payments of cash dividends (162.1) (163.7)
Cash (used for) provided by financing activities (224.9) 875.0
Effect of exchange rate changes on cash (0.3) (18.9)
Net increase in cash and cash equivalents 355.6 1,133.2
Cash and cash equivalents—Beginning of period 1,223.5 1,228.0
Cash and cash equivalents—End of period 1,579.1 2,361.2
Supplemental information:    
Interest 88.9 58.6
Premium taxes 71.0 96.8
Income taxes $ 22.1 $ 171.0