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CONSOLIDATED STATEMENT OF CASH FLOWS | 12 Months Ended
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Dec. 31, 2024
Supplemental Cash Flow Elements [Abstract] |
CONSOLIDATED STATEMENT OF CASH FLOWS | CONSOLIDATED STATEMENT OF CASH FLOWS The following disclosures supplement our consolidated statement of cash flows. The following reconciles net income to net cash provided by operating activities (dollars in millions):
| 2024 |  | 2023 |  | 2022
Cash flows from operating activities: |  |  |  |  |
Net income | $ | 404.0 |  |  | $ | 276.5 |  |  | $ | 630.6 |
Adjustments to reconcile net income to net cash from operating activities: |  |  |  |  |
Amortization and depreciation | 292.4 |  |  | 267.4 |  |  | 248.5 |
Income taxes | 59.1 |  |  | 21.1 |  |  | 152.0 |
Insurance liabilities | 556.3 |  |  | 449.7 |  |  | (374.7) |
Accrual and amortization of investment income | (334.0) |  |  | (170.7) |  |  | 138.7 |
Deferral of policy acquisition costs | (445.7) |  |  | (377.9) |  |  | (336.0) |
Net investment losses | 49.9 |  |  | 69.0 |  |  | 135.4 |
Other (a) | 45.7 |  |  | 47.8 |  |  | (99.1) |
Net cash from operating activities | $ | 627.7 |  |  | $ | 582.9 |  |  | $ | 495.4 |
_____________ (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 financing activity section of the consolidated statement of cash flows (dollars in millions):
| 2024 |  | 2023 |  | 2022
Stock options, restricted stock and performance units | $ | 23.2 |  |  | $ | 23.3 |  |  | $ | 25.2 |

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- 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
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- References No definition available. + Details
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