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CONSOLIDATED STATEMENT OF CASH FLOWS
 3 Months Ended
Mar. 31, 2026
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):
Three months ended
March 31,
 20262025
Net income$37.7 $21.5 
Adjustments to reconcile net income to net cash from operating activities: 
Amortization and depreciation83.4 77.8 
Income taxes(5.2)8.9 
Insurance liabilities106.9 105.3 
Accrual, amortization and fair value changes included in investment income57.7 48.8 
Deferral of policy acquisition costs and sales inducements
(114.1)(114.1)
Net investment losses22.7 6.8 
Gain on extinguishment of borrowings related to variable interest entities
— (1.5)
Other (a)(40.3)(16.8)
Net cash from operating activities$148.8 $136.7 
_____________
(a)    Primarily relates to changes in other assets and liabilities related to the timing of payments and receipts.
Other non-cash items not reflected in the investing and financing activities sections of the consolidated statement of cash flows (dollars in millions):
Three months ended
March 31,
 20262025
Stock options, restricted stock, performance units, and Employee Stock Purchase Program
$9.3 $7.2