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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows From Operating Activities      
Net income $ 89,126 $ 59,137 $ 76,140
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 13,745 14,434 15,291
Depreciation and amortization 6,473 6,891 5,603
Stock-based compensation expense 2,510 1,944 1,777
Net realized investment gains (2,846) (7,270) (8,695)
Net cash flows from trading investments 3,080 (6,855) 3,852
Deferred income tax expense (benefit) (4,496) 1,926 (368)
Changes in:      
Accrued investment income 853 1,934 2,452
Premiums receivable (27,487) (30,395) (30,346)
Deferred policy acquisition costs (17,165) (6,417) (2,690)
Reinsurance receivables 13,283 641 26,948
Prepaid reinsurance premiums (158) (472) (197)
Income taxes receivable 0 1,786 14,750
Other assets (734) 581 (1,417)
Future policy benefits and losses, claims and loss settlement expenses 77,471 47,928 21,251
Unearned premiums 36,332 38,261 28,814
Accrued expenses and other liabilities 4,095 25,287 8,499
Income taxes payable (95) 5,012 0
Deferred income taxes (829) (249) 6,983
Other, net (3,160) (2,813) (7,156)
Total adjustments 100,872 92,154 85,351
Net cash provided by operating activities 189,998 151,291 161,491
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 11,543 3,091 23,007
Proceeds from call and maturity of held-to-maturity investments 175 260 1,004
Proceeds from call and maturity of available-for-sale investments 658,728 561,434 477,071
Proceeds from short-term and other investments 4,421 2,883 7,170
Purchase of held-to-maturity investments (450) 0 0
Purchase of available-for-sale investments (695,351) (614,044) (587,412)
Purchase of short-term and other investments (5,656) (4,351) (14,375)
Net purchases and sales of property and equipment (9,696) (8,151) (8,451)
Net cash used in investing activities (36,286) (58,878) (101,986)
Policyholders' account balances      
Deposits to investment and universal life contracts 99,486 180,487 150,272
Withdrawals from investment and universal life contracts (217,905) (243,997) (208,827)
Payment of cash dividends (21,658) (19,680) (17,484)
Repurchase of common stock (2,423) (12,942) (1,644)
Issuance of common stock 5,496 2,260 3,393
Tax impact from issuance of common stock (833) (160) (488)
Net cash used in financing activities (137,837) (94,032) (74,778)
Net Change in Cash and Cash Equivalents 15,875 (1,619) (15,273)
Cash and Cash Equivalents at Beginning of Year 90,574 92,193 107,466
Cash and Cash Equivalents at End of Year $ 106,449 $ 90,574 $ 92,193