v3.26.1
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Insurance policy income $ 1,229.6 $ 1,182.4
Net investment income 772.6 748.2
Fee revenue and other income 96.1 98.5
Insurance policy benefits (832.3) (822.9)
Interest expense (104.3) (114.4)
Deferrable policy acquisition costs and sales inducements (251.8) (244.8)
Other operating costs (583.5) (564.5)
Income taxes (21.0) (0.3)
Net cash provided by operating activities 305.4 282.2
Cash flows from investing activities:    
Sales of investments 6,499.8 1,716.9
Maturities and redemptions of investments 1,810.7 1,263.1
Purchases of investments (9,088.3) (3,631.2)
Other, net (10.0) (9.2)
Net cash used by investing activities (787.8) (660.4)
Cash flows from financing activities:    
Payments on notes payable 0.0 (500.0)
Issuance of common stock 6.6 7.1
Payments to repurchase common stock (134.2) (210.6)
Common stock dividends paid (33.8) (33.6)
Payments on financing arrangements (8.1) (7.6)
Amounts received for deposit products 1,532.9 1,234.1
Withdrawals from deposit products (1,058.5) (1,402.1)
Issuance of investment borrowings:    
Federal Home Loan Bank 776.8 526.8
Payments on investment borrowings:    
Federal Home Loan Bank (276.8) (273.8)
Related to variable interest entities 0.0 (143.8)
Net cash provided (used) by financing activities 804.9 (803.5)
Net increase (decrease) in cash and cash equivalents 322.5 (1,181.7)
Cash and cash equivalents - unrestricted and including held by variable interest entities, beginning of period 983.5 1,997.7
Cash and cash equivalents - unrestricted and including held by variable interest entities, end of period $ 1,306.0 $ 816.0