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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash Flows From Operating Activities    
Net income $ 38,697 $ 24,016
Adjustments to reconcile net income to net cash provided by operating activities    
Net accretion of bond premium 7,126 7,601
Depreciation and amortization 3,234 3,757
Stock-based compensation expense 1,200 944
Net realized investment gains (1,656) (4,902)
Net cash flows from trading investments 652 (7,481)
Deferred income tax benefit (2,742) (1,346)
Changes in:    
Accrued investment income 799 764
Premiums receivable (53,776) (49,459)
Deferred policy acquisition costs (14,557) (11,143)
Reinsurance receivables 12,918 6,137
Prepaid reinsurance premiums (342) (610)
Income taxes receivable (6,042) (2,105)
Other assets 196 699
Future policy benefits and losses, claims and loss settlement expenses 43,735 37,769
Unearned premiums 53,048 54,682
Accrued expenses and other liabilities 15,679 (1,083)
Income taxes payable (5,012) 0
Deferred income taxes (434) (72)
Other, net (1,467) (2,975)
Total adjustments 52,559 31,177
Net cash provided by operating activities 91,256 55,193
Cash Flows From Investing Activities    
Proceeds from sale of available-for-sale investments 8,228 10
Proceeds from call and maturity of held-to-maturity investments 41 26
Proceeds from call and maturity of available-for-sale investments 374,173 249,251
Proceeds from short-term and other investments 3,833 1,648
Purchase of available-for-sale investments (384,065) (270,194)
Purchase of short-term and other investments (3,583) (1,938)
Net purchases and sales of property and equipment (3,711) (4,154)
Net cash used in investing activities (5,084) (25,351)
Cash Flows From Financing Activities    
Deposits to investment and universal life contracts 57,340 96,119
Withdrawals from investment and universal life contracts (129,814) (114,096)
Payment of cash dividends (10,503) (9,630)
Repurchase of common stock (1,443) (5,567)
Issuance of common stock 1,375 1,457
Tax impact from issuance of common stock (319) (42)
Net cash used in financing activities (83,364) (31,759)
Net Change in Cash and Cash Equivalents 2,808 (1,917)
Cash and Cash Equivalents at Beginning of Period 90,574 92,193
Cash and Cash Equivalents at End of Period $ 93,382 $ 90,276