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CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Insurance policy income $ 589.8 $ 582.1
Net investment income 360.3 334.4
Fee revenue and other income 62.1 53.6
Insurance policy benefits (407.6) (408.0)
Interest expense (34.1) (50.4)
Deferrable policy acquisition costs (114.1) (103.2)
Other operating costs (322.2) (303.8)
Income taxes 2.5 (10.1)
Net cash provided by operating activities 136.7 94.6
Cash flows from investing activities:    
Sales of investments 462.9 671.0
Maturities and redemptions of investments 642.0 368.3
Purchases of investments (1,639.7) (1,064.7)
Net sales (purchases) of trading securities 0.0 4.3
Other (3.4) (2.5)
Net cash used by investing activities (538.2) (23.6)
Cash flows from financing activities:    
Issuance of common stock 6.5 2.8
Payments to repurchase common stock (110.3) (58.8)
Common stock dividends paid (16.9) (17.3)
Payments on financing arrangements (3.7) (3.5)
Amounts received for deposit products 574.2 523.9
Withdrawals from deposit products (899.6) (505.5)
Issuance of investment borrowings:    
Federal Home Loan Bank 234.5 222.0
Payments on investment borrowings:    
Federal Home Loan Bank (234.6) (222.1)
Related to variable interest entities (121.5) (251.7)
Net cash provided (used) by financing activities (571.4) (310.2)
Net increase (decrease) in cash and cash equivalents (972.9) (239.2)
Cash and cash equivalents - unrestricted and including held by variable interest entities, beginning of period 1,997.7 889.0
Cash and cash equivalents - unrestricted and including held by variable interest entities, end of period $ 1,024.8 $ 649.8