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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities    
Net income $ 24,341 $ 49,614
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 10,985 11,715
Depreciation and amortization 5,449 4,120
Stock-based compensation expense 1,445 1,436
Net realized investment gains (5,796) (7,250)
Net cash flows from trading investments (6,933) 3,836
Deferred income tax benefit (2,639) (4,352)
Changes in:    
Accrued investment income 398 1,311
Premiums receivable (39,945) (45,458)
Deferred policy acquisition costs (10,219) (4,640)
Reinsurance receivables 3,384 13,578
Prepaid reinsurance premiums (552) (475)
Income taxes receivable (3,173) 13,612
Other assets 482 134
Future policy benefits and losses, claims and loss settlement expenses 70,994 28,404
Unearned premiums 49,974 42,486
Accrued expenses and other liabilities (9,153) 9,027
Deferred income taxes (1,330) 4,743
Other, net (368) (3,814)
Total adjustments 63,003 68,413
Net cash provided by operating activities 87,344 118,027
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 3,091 23,007
Proceeds from call and maturity of held-to-maturity investments 243 557
Proceeds from call and maturity of available-for-sale investments 390,967 370,531
Proceeds from short-term and other investments 2,370 2,569
Purchase of available-for-sale investments (432,112) (468,934)
Purchase of short-term and other investments (2,803) (3,475)
Net purchases and sales of property and equipment (5,692) (4,589)
Net cash used in investing activities (43,936) (80,334)
Policyholders’ account balances    
Deposits to investment and universal life contracts 131,134 97,893
Withdrawals from investment and universal life contracts (170,570) (146,001)
Payment of cash dividends (14,672) (12,910)
Repurchase of common stock (11,249) (99)
Issuance of common stock 1,782 3,075
Tax impact from issuance of common stock (94) (426)
Net cash used in financing activities (63,669) (58,468)
Net Change in Cash and Cash Equivalents (20,261) (20,775)
Cash and Cash Equivalents at Beginning of Period 92,193 107,466
Cash and Cash Equivalents at End of Period $ 71,932 $ 86,691