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v3.24.3

CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions | 9 Months Ended
--- | ---
Sep. 30, 2024 | Sep. 30, 2023
Cash flows from operating activities: |  |
Insurance policy income | $ 1,749.3 | $ 1,713.4
Net investment income | 1,032.5 | 979.5
Fee revenue and other income | 123.9 | 167.0
Insurance policy benefits | (1,215.3) | (1,215.2)
Interest expense | (167.9) | (155.3)
Deferrable policy acquisition costs | (327.4) | (277.6)
Other operating costs | (706.1) | (759.7)
Income taxes | (52.3) | (45.9)
Net cash from operating activities | 436.7 | 406.2
Cash flows from investing activities: |  |
Sales of investments | 2,549.3 | 992.5
Maturities and redemptions of investments | 1,492.0 | 1,026.8
Purchases of investments | (5,381.9) | (2,897.1)
Net sales (purchases) of trading securities | 9.4 | (37.2)
Other | (6.2) | (30.3)
Net cash used by investing activities | (1,337.4) | (945.3)
Cash flows from financing activities: |  |
Issuance of notes payable, net | 691.0 | 0.0
Issuance of common stock | 8.1 | 11.1
Payments to repurchase common stock | (208.5) | (95.8)
Common stock dividends paid | (51.3) | (51.4)
Proceeds from financing arrangements | 0.0 | 80.3
Payments on financing arrangements | (10.7) | (2.1)
Amounts received for deposit products | 2,855.9 | 1,537.6
Withdrawals from deposit products | (1,492.7) | (1,265.8)
Issuance of investment borrowings: |  |
Federal Home Loan Bank | 304.5 | 895.5
Payments on investment borrowings: |  |
Federal Home Loan Bank | (304.9) | (445.6)
Related to variable interest entities | (534.4) | (186.8)
Net cash provided by financing activities | 1,257.0 | 477.0
Net increase (decrease) in cash and cash equivalents | 356.3 | (62.1)
Cash and cash equivalents - unrestricted and including held by variable interest entities, beginning of period | 889.0 | 644.9
Cash and cash equivalents - unrestricted and including held by variable interest entities, end of period | $ 1,245.3 | $ 582.8

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