XML 33 R22.htm IDEA: XBRL DOCUMENT v3.24.3

CONSOLIDATED STATEMENT OF CASH FLOWS

9 Months Ended

Sep. 30, 2024

Supplemental Cash Flow Elements [Abstract]

CONSOLIDATED STATEMENT OF CASH FLOWS

CONSOLIDATED STATEMENT OF CASH FLOWS

The following reconciles net income to net cash from operating activities (dollars in millions):

			Nine months ended
			September 30,
			2024						2023
Cash flows from operating activities:
Net income			$	237.9					$	240.2
Adjustments to reconcile net income to net cash from operating activities:
Amortization and depreciation			216.3						198.5
Income taxes			17.6						24.6
Insurance liabilities			486.1						169.5
Accrual, amortization and fair value changes included in investment income			(299.6)						(54.9)
Deferral of policy acquisition costs			(327.4)						(277.6)
Net investment losses			8.2						79.2
Other (a)			97.6						26.7
Net cash from operating activities			$	436.7					$	406.2

_____________

(a)    Primarily relates to: (i) changes in other assets and liabilities related to the timing of payments and receipts; and (ii) the change in fair value of the deferred compensation plan liability.

Other non-cash items not reflected in the investing and financing activities sections of the consolidated statement of cash flows (dollars in millions):

			Nine months ended
			September 30,
			2024						2023
Amounts related to employee benefit plans			$	17.1					$	18.4

X

- Definition

The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 230
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/230/tableOfContent

+ Details

Name:	us-gaap_CashFlowSupplementalDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SupplementalCashFlowElementsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration