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CONSOLIDATED STATEMENT OF CASH FLOWS
 12 Months Ended
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):
 202420232022
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 depreciation292.4 267.4 248.5 
Income taxes59.1 21.1 152.0 
Insurance liabilities556.3 449.7 (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 
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(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):
 202420232022
Stock options, restricted stock and performance units$23.2 $23.3 $25.2