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Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 411.8 $ 59.7
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 242.8 240.8
Depreciation and amortization 160.3 155.4
Amortization of premiums and accretion of discounts on debt securities, net (34.0) 5.1
Net investment (gains) losses (5.8) 315.7
Share-based compensation 59.6 42.5
Equity in earnings of affiliates, net (7.9) (5.5)
Dividends from equity method investments 6.1 4.6
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (261.4) (295.9)
Net change in income tax accounts 85.7 1.9
(Increase) decrease in accounts and accrued income receivable (71.9) 111.8
Decrease in accounts payable and accrued liabilities (3.4) (31.7)
Decrease in deferred revenue 11.0 13.3
Other, net (11.4) (44.8)
Cash provided by operating activities 581.5 572.9
Cash flows from investing activities:    
Acquisitions/dispositions, net of cash acquired/divested (2.4) (6.1)
Net decrease (increase) in deposits with banks 8.0 0.2
Purchases of debt securities (1,935.4) (5,289.1)
Proceeds from sales of debt securities 747.4 4,938.1
Proceeds from maturities of debt securities 486.5 409.6
Purchases of equity securities (31.9) (41.6)
Proceeds from sales of equity securities 46.6 68.6
Net change in other investments (8.2) (5.5)
Advances under secured financing agreements (30,093.1) (19,974.5)
Collections of secured financings receivable 29,612.1 19,630.6
Capital expenditures (143.5) (159.9)
Proceeds from sales of property and equipment 0.6 0.0
Proceeds from insurance settlement 1.9 4.0
Cash used for investing activities (1,311.4) (425.6)
Cash flows from financing activities:    
Net change in deposits 1,769.8 (1,346.0)
Borrowings under secured financing agreements 29,284.9 19,489.8
Repayments of secured financings payable (28,850.3) (19,165.0)
Net proceeds from issuance of unsecured senior notes   444.1
Repayments of other notes and contracts payable (2.9) (3.4)
Net activity related to noncontrolling interests (2.4) 2.9
Net payments in connection with share-based compensation 2.9 2.9
Repurchases of Company shares (122.3) (60.3)
Payments of cash dividends (167.0) (165.2)
Cash provided by (used for) financing activities 1,912.7 (800.2)
Effect of exchange rate changes on cash 10.6 1.0
Net increase (decrease) in cash and cash equivalents 1,193.4 (651.9)
Cash and cash equivalents—Beginning of period 1,718.1 3,605.3
Cash and cash equivalents—End of period 2,911.5 2,953.4
Supplemental information:    
Interest 114.7 109.4
Premium taxes 61.4 47.5
Income taxes paid 56.7 16.9
Income tax refunds $ (15.4) $ (13.0)