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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Cash Flows From Operating Activities      
Net income $ 76,140 $ 40,212 $ 11
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 15,291 15,183 11,638
Depreciation and amortization 5,603 7,979 5,583
Stock-based compensation expense 1,777 1,764 1,829
Net realized investment gains (8,695) (5,453) (6,440)
Net cash flows from trading investments 3,852 403 (1,993)
Deferred income tax expense (benefit) (368) 7,452 (6,288)
Changes in:      
Accrued investment income 2,452 1,844 499
Premiums receivable (30,346) (15,941) (12,067)
Deferred policy acquisition costs (2,690) (3,467) 11,709
Reinsurance receivables 26,948 14,175 (23,649)
Prepaid reinsurance premiums (197) 3,228 1,684
Income taxes receivable 14,750 10,206 (6,310)
Other assets (1,417) 3,603 9,970
Future policy benefits and losses, claims and loss settlement expenses 21,251 64,384 67,302
Unearned premiums 28,814 22,659 16,401
Accrued expenses and other liabilities 8,499 14,950 3,504
Deferred income taxes 6,983 (8,234) (82)
Other, net (7,156) (2,871) 1,130
Total adjustments 85,351 131,864 74,420
Net cash provided by operating activities 161,491 172,076 74,431
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 23,007 20,324 39,496
Proceeds from call and maturity of held-to-maturity investments 1,004 2,709 2,243
Proceeds from call and maturity of available-for-sale investments 477,071 527,720 563,515
Proceeds from short-term and other investments 7,170 4,810 4,741
Purchase of held-to-maturity investments 0 (200) 0
Purchase of available-for-sale investments (587,412) (653,467) (595,162)
Purchase of short-term and other investments (14,375) (10,350) (3,357)
Net purchases and sales of property and equipment (8,451) (2,886) (14,048)
Acquisition of property and casualty company, net of cash acquired 0 0 (172,620)
Net cash used in investing activities (101,986) (111,340) (175,192)
Policyholders’ account balances      
Deposits to investment and universal life contracts 150,272 141,252 170,678
Withdrawals from investment and universal life contracts (208,827) (156,881) (119,716)
Borrowings of short-term debt 0 0 124,900
Repayment of short-term debt 0 (45,000) (82,900)
Repayment of trust preferred securities 0 (15,626) 0
Payment of cash dividends (17,484) (15,269) (15,507)
Repurchase of common stock (1,644) (7,301) (12,433)
Issuance of common stock 3,393 1,106 208
Tax impact from issuance of common stock (488) (78) 1
Net cash (used in) provided by financing activities (74,778) (97,797) 65,231
Net Change in Cash and Cash Equivalents (15,273) (37,061) (35,530)
Cash and Cash Equivalents at Beginning of Year 107,466 144,527 180,057
Cash and Cash Equivalents at End of Year $ 92,193 $ 107,466 $ 144,527