XML 28 R7.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net Income (Loss) $ (120.5) $ 409.9 $ 531.1
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Net Realized Gain on Sale of Investments (64.8) (38.1) (41.9)
Impairment Losses 11.0 19.5 13.8
Depreciation and Amortization of Property, Equipment and Software 46.3 36.2 32.8
Amortization of Intangible Assets Acquired 53.5 18.8 29.7
Settlement Costs Related to Defined Benefit Pension Plan 0.0 64.1 0.0
Contribution to Defined Benefit Pension Plan 0.0 0.0 (55.3)
Loss from Early Extinguishment of Debt 0.0 0.0 5.8
Change in Accumulated Undistributed Earnings of Equity Method Limited Liability Investments (33.5) (4.0) 10.9
(Increase) Decrease in Value of Equity and Convertible Securities (114.6) (72.1) (138.9)
Changes in:      
Receivables from Policyholders (75.2) (77.4) (110.1)
Reinsurance Recoverables 20.6 16.8 35.6
Deferred Policy Acquisition Costs (88.3) (52.3) (66.9)
Insurance Reserves 623.1 38.3 102.3
Unearned Premiums 105.9 69.6 121.2
Income Taxes (163.1) 46.5 58.8
Other Assets and Liabilities 89.1 (27.8) 5.4
Net Cash Provided by Operating Activities 350.7 448.0 534.3
Cash Flows from Investing Activities:      
Proceeds from the Sales, Calls and Maturities of Fixed Maturities 1,388.9 972.4 1,229.1
Equity Securities 316.6 434.4 217.3
Real Estate Investments 8.0 5.4 0.0
Mortgage Loans 70.8 25.5 17.2
Other Investments 47.5 45.2 29.5
Fixed Maturities (1,825.4) (1,293.3) (1,284.9)
Equity Securities (124.3) (319.1) (307.0)
Real Estate Investments (5.1) (0.5) (1.4)
Corporate-Owned Life Insurance (100.0) (100.0) (150.0)
Mortgage Loans (119.9) (52.7) (44.5)
Other Investments (104.9) (43.5) (73.8)
Net Sales (Purchases) of Short-term Investments 687.2 (390.8) (176.0)
Acquisition of Business, Net of Cash Acquired (316.6) 0.0 0.0
Acquisition of Software and Long-lived Assets (57.8) (53.4) (84.0)
Other 16.8 13.4 (4.9)
Net Cash Used by Investing Activities (118.2) (757.0) (633.4)
Cash Flows from Financing Activities:      
Repayment of Long-term Debt (50.0) 0.0 (185.0)
Net Proceeds from Issuance of Long-term Debt 0.0 395.6 49.9
Proceeds from Policyholder Contract Obligations 386.8 467.0 615.8
Repayment of Policyholder Contract Obligations (394.0) (304.8) (383.6)
Proceeds from Issuance of Common Stock, Net of Transaction Costs 0.0 0.0 127.5
Proceeds from Shares Issued under Employee Stock Purchase Plan 5.4 4.4 1.6
Common Stock Repurchases (161.7) (110.4) 0.0
Dividends and Dividend Equivalents Paid (80.6) (78.9) (67.8)
Other 3.7 5.4 2.4
Net Cash Provided (Used) by Financing Activities (290.4) 378.3 160.8
Increase (Decrease) in Cash (57.9) 69.3 61.7
Cash, Beginning of Year 206.1 136.8 75.1
Cash, End of Year 148.2 $ 206.1 $ 136.8
Alternative Energy Partnership Investments      
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities:      
Loss from Change in Value of Alternative Energy Partnership Investments $ 61.2