v3.26.3
Condensed Consolidated Statement of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash flows from operating activities:    
Net income $ 520.5 $ 411.8
Adjustments to reconcile net income to cash provided by operating activities:    
Provision for policy losses and other claims 260.2 242.8
Depreciation and amortization 162.9 160.3
Amortization of premiums and accretion of discounts on debt securities, net (45.5) (34.0)
Net investment gains (1.3) (5.8)
Share-based compensation 51.7 59.6
Equity in earnings of affiliates, net (10.1) (7.9)
Dividends from equity method investments 10.7 6.1
Changes in assets and liabilities excluding effects of acquisitions and noncash transactions:    
Claims paid, including assets acquired, net of recoveries (287.1) (261.4)
Net change in income tax accounts 32.4 85.7
Increase in accounts and accrued income receivable (26.1) (71.9)
Decrease in accounts payable and accrued liabilities (59.5) (3.4)
Increase in deferred revenue 12.7 11.0
Other, net (21.3) (11.4)
Cash provided by operating activities 600.2 581.5
Cash flows from investing activities:    
Acquisitions/dispositions, net of cash acquired/divested (0.2) (2.4)
Net (increase) decrease in deposits with banks (27.6) 8.0
Purchases of debt securities (3,212.2) (1,935.4)
Proceeds from sales of debt securities 782.8 747.4
Proceeds from maturities of debt securities 600.2 486.5
Purchases of equity securities (48.2) (31.9)
Proceeds from sales of equity securities 30.2 46.6
Advances on notes receivable (38.1) (10.4)
Collections on notes receivable 4.4 2.2
Advances under secured financing agreements (40,838.0) (30,093.1)
Collections of secured financings receivable 40,893.8 29,612.1
Capital expenditures (118.9) (143.5)
Proceeds from sales of property and equipment 0.0 0.6
Proceeds from insurance settlement 0.0 1.9
Cash used for investing activities (1,971.8) (1,311.4)
Cash flows from financing activities:    
Net change in deposits 1,993.3 1,769.8
Borrowings under secured financing agreements 39,476.1 29,284.9
Repayments of secured financings payable (39,575.1) (28,850.3)
Repayments of other notes and contracts payable (2.8) (2.9)
Net activity related to noncontrolling interests (3.4) (2.4)
Net (payments) proceeds in connection with share-based compensation (2.3) 2.9
Repurchases of Company shares (55.5) (122.3)
Payments of cash dividends (112.3) (167.0)
Cash provided by financing activities 1,718.0 1,912.7
Effect of exchange rate changes on cash (2.6) 10.6
Net increase in cash and cash equivalents 343.8 1,193.4
Cash and cash equivalents—Beginning of period 1,387.3 1,718.1
Cash and cash equivalents—End of period 1,731.1 2,911.5
Supplemental information:    
Interest 136.5 114.7
Premium taxes 77.5 61.4
Income taxes paid 120.7 56.7
Income tax refunds $ (0.3) $ (15.4)