CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
Jun. 30, 2025	Jun. 30, 2024
Cash flows from operating activities:
Insurance policy income	$ 1,182.4	$ 1,164.4
Net investment income	748.2	679.0
Fee revenue and other income	98.5	89.0
Insurance policy benefits	(822.9)	(821.0)
Interest expense	(114.4)	(122.2)
Deferrable policy acquisition costs	(244.8)	(214.4)
Other operating costs	(564.5)	(523.8)
Income taxes	(0.3)	(45.5)
Net cash provided by operating activities	282.2	205.5
Cash flows from investing activities:
Sales of investments	1,716.9	1,339.2
Maturities and redemptions of investments	1,263.1	967.0
Purchases of investments	(3,631.2)	(3,476.0)
Net sales of trading securities	0.0	6.0
Other	(9.2)	(5.7)
Net cash used by investing activities	(660.4)	(1,169.5)
Cash flows from financing activities:
Issuance of notes payable, net	0.0	691.0
Payments on notes payable	(500.0)	0.0
Issuance of common stock	7.1	3.8
Payments to repurchase common stock	(210.6)	(118.6)
Common stock dividends paid	(33.6)	(34.5)
Payments on financing arrangements	(7.6)	(7.1)
Amounts received for deposit products	1,234.1	1,856.1
Withdrawals from deposit products	(1,402.1)	(1,007.5)
Issuance of investment borrowings:
Federal Home Loan Bank	526.8	237.0
Payments on investment borrowings:
Federal Home Loan Bank	(273.8)	(237.2)
Related to variable interest entities	(143.8)	(315.9)
Net cash provided (used) by financing activities	(803.5)	1,067.1
Net increase (decrease) in cash and cash equivalents	(1,181.7)	103.1
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	$ 816.0	$ 992.1

Amounts paid to policyholders during the period pursuant to the terms of the insurance contracts.

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