v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $ 653.9 $ 454.5
Adjustments to reconcile net income to    
Deferred policy acquisition costs (178.5) (57.2)
Accounts and notes receivable (366.9) (470.4)
Loss and loss adjustment expense reserves 192.4 182.0
Unearned premiums and other policyholders' liabilities 220.4 123.9
Federal income taxes 7.9 16.3
Reinsurance balances and funds held 315.1 256.4
Realized from actual transactions and impairments (123.5) (34.9)
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI (250.7) (12.7)
Other – net 10.9 (92.5)
Total 481.1 365.5
Available for sale    
Maturities and calls of fixed income securities 765.3 835.4
Sales of:    
Fixed income securities 834.4 522.3
Proceeds from Sale of Equity Securities, FV-NI 266.9 167.5
Other investments 1.8 3.3
Purchases of:    
Fixed income securities (1,158.5) (1,314.2)
Payments to Acquire Equity Securities, FV-NI (68.5) (58.6)
Other investments (41.3) (68.8)
Net increase in short-term investments (619.1) 198.7
Other – net 0.0 2.0
Total (18.9) 287.6
Cash flows from financing activities:    
Proceeds from Issuance of Senior Long-term Debt 693.4 0.0
Issuance of common shares 3.0 2.8
Dividends on common shares (770.4) (640.9)
Payments for Repurchase of Common Stock (220.0) (25.3)
Repurchase of common stock (13.7) (13.5)
Total (307.6) (676.9)
Increase in cash balances classified as held-for-sale    
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 154.5 (23.7)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance 263.2 201.9
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance 417.7 178.1
Supplemental cash flow information:    
Cash paid (received) during the period for: Interest 34.6 34.6
Cash paid (received) during the period for: Income taxes $ 162.7 $ 98.4