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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:    
Net income $ 59.7 $ 181.2
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 240.8 262.9
Depreciation and amortization 155.4 138.9
Amortization of premiums and accretion of discounts on debt securities, net 5.1 5.6
Net investment losses 315.7 164.7
Share-based compensation 42.5 40.9
Equity in earnings of affiliates, net (5.5) (4.0)
Dividends from equity method investments 4.6 5.0
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (295.9) (289.1)
Net change in income tax accounts 1.9 33.0
Decrease (increase) in accounts and accrued income receivable 111.8 (16.7)
Decrease in accounts payable and accrued liabilities (31.7) (113.2)
Increase in deferred revenue 13.3 10.9
Other, net (44.8) (24.1)
Cash provided by operating activities 572.9 396.0
Cash flows from investing activities:    
Acquisitions/dispositions, net of cash acquired/divested (6.1) (19.1)
Net decrease in deposits with banks 0.2 6.1
Purchases of debt securities (5,289.1) (994.4)
Proceeds from sales of debt securities 4,938.1 1,081.7
Proceeds from maturities of debt securities 409.6 659.3
Purchases of equity securities (41.6) (164.0)
Proceeds from sales of equity securities 68.6 61.1
Net change in other investments (5.5) (10.8)
Advances under secured financing agreements (19,974.5) (10,109.3)
Collections of secured financings receivable 19,630.6 9,877.3
Capital expenditures (159.9) (205.3)
Proceeds from sales of property and equipment   0.1
Proceeds from insurance settlement 4.0 2.1
Cash (used for) provided by investing activities (425.6) 184.8
Cash flows from financing activities:    
Net change in deposits (1,346.0) 93.4
Borrowings under secured financing agreements 19,489.8 10,069.4
Repayments of secured financings payable (19,165.0) (9,905.3)
Net proceeds from issuance of unsecured senior notes 444.1  
Repayment of senior unsecured notes   (250.0)
Repayments of other notes and contracts payable (3.4) (4.9)
Net activity related to noncontrolling interests 2.9 (6.6)
Net proceeds (payments) in connection with share-based compensation 2.9 (3.8)
Repurchases of Company shares (60.3) (55.0)
Payments of cash dividends (165.2) (162.1)
Cash used for financing activities (800.2) (224.9)
Effect of exchange rate changes on cash 1.0 (0.3)
Net (decrease) increase in cash and cash equivalents (651.9) 355.6
Cash and cash equivalents—Beginning of period 3,605.3 1,223.5
Cash and cash equivalents—End of period 2,953.4 1,579.1
Supplemental information:    
Interest 109.4 88.9
Premium taxes 47.5 71.0
Income taxes paid 16.9 22.1
Income tax refunds $ (13.0) $ (0.4)