v3.26.1
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 343.9 $ 221.9
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 165.1 152.0
Depreciation and amortization 108.2 105.5
Amortization of premiums and accretion of discounts on debt securities, net (27.1) (20.9)
Net investment (gains) losses (2.9) 20.5
Share-based compensation 40.4 47.8
Equity in earnings of affiliates, net (6.2) (5.1)
Dividends from equity method investments 6.8 3.4
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (180.3) (164.5)
Net change in income tax accounts 67.8 62.7
Increase in accounts and accrued income receivable (17.8) (34.7)
Decrease in accounts payable and accrued liabilities (113.0) (61.4)
Decrease in deferred revenue (5.7) (6.5)
Other, net (17.0) (11.7)
Cash provided by operating activities 362.2 309.0
Cash flows from investing activities:    
Acquisitions/dispositions, net of cash acquired/divested (0.2) (3.9)
Net (increase) decrease in deposits with banks (26.7) 6.4
Purchases of debt securities (2,296.5) (1,393.7)
Proceeds from sales of debt securities 543.7 507.0
Proceeds from maturities of debt securities 377.8 312.3
Purchases of equity securities (34.6) (19.4)
Proceeds from sales of equity securities 29.2 17.3
Net change in other investments (10.3) (6.5)
Advances under secured financing agreements (29,583.2) (18,613.4)
Collections of secured financings receivable 29,417.1 18,328.3
Capital expenditures (77.5) (94.1)
Proceeds from sales of property and equipment 0.4 0.1
Proceeds from insurance settlement 0.0 1.9
Cash used for investing activities (1,660.8) (957.7)
Cash flows from financing activities:    
Net change in deposits 2,585.2 911.6
Borrowings under secured financing agreements 28,599.5 18,071.3
Repayments of secured financings payable (28,469.6) (17,831.3)
Repayments of other notes and contracts payable (1.1) (1.3)
Net activity related to noncontrolling interests (2.1) (1.7)
Net payments in connection with share-based compensation (5.1) (1.1)
Repurchases of Company shares (54.0) (88.7)
Payments of cash dividends (112.3) (111.0)
Cash provided by financing activities 2,540.5 947.8
Effect of exchange rate changes on cash (4.4) 14.0
Net increase in cash and cash equivalents 1,237.5 313.1
Cash and cash equivalents—Beginning of period 1,387.3 1,718.1
Cash and cash equivalents—End of period 2,624.8 2,031.2
Supplemental information:    
Interest 84.6 71.6
Premium taxes 56.2 42.6
Income taxes paid 34.5 21.5
Income tax refunds $ (0.5) $ (14.3)