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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash Flows From Operating Activities      
Net income $ 49,904 $ 89,126 $ 59,137
Adjustments to reconcile net income to net cash provided by operating activities      
Net accretion of bond premium 14,097 13,745 14,434
Depreciation and amortization 6,035 6,473 6,891
Stock-based compensation expense 3,696 2,510 1,944
Net realized investment gains (6,103) (2,846) (7,270)
Net cash flows from trading investments (2,390) 3,080 (6,855)
Deferred income tax expense (benefit) 4,482 (4,496) 1,926
Changes in:      
Accrued investment income 80 853 1,934
Premiums receivable (29,685) (27,487) (30,395)
Deferred policy acquisition costs (258) (17,165) (6,417)
Reinsurance receivables 4,114 13,283 641
Prepaid reinsurance premiums 8 (158) (472)
Income taxes receivable (15,061) 0 1,786
Other assets 828 (734) 581
Future policy benefits and losses, claims and loss settlement expenses 176,492 77,471 47,928
Unearned premiums 28,816 36,332 38,261
Accrued expenses and other liabilities (6,054) 4,095 25,287
Income taxes payable (4,917) (95) 5,012
Deferred income taxes 1,043 (829) (249)
Other, net (10,743) (3,160) (2,813)
Total adjustments 164,480 100,872 92,154
Net cash provided by operating activities 214,384 189,998 151,291
Cash Flows From Investing Activities      
Proceeds from sale of available-for-sale investments 14,322 11,543 3,091
Proceeds from call and maturity of held-to-maturity investments 516 175 260
Proceeds from call and maturity of available-for-sale investments 533,784 658,728 561,434
Proceeds from short-term and other investments 2,456 4,421 2,883
Purchase of held-to-maturity investments (42) (450) 0
Purchase of available-for-sale investments (651,365) (695,351) (614,044)
Purchase of short-term and other investments (4,474) (5,656) (4,351)
Net purchases and sales of property and equipment (7,600) (9,696) (8,151)
Net cash used in investing activities (112,403) (36,286) (58,878)
Policyholders' account balances      
Deposits to investment and universal life contracts 79,815 99,486 180,487
Withdrawals from investment and universal life contracts (158,161) (217,905) (243,997)
Payment of cash dividends (24,591) (21,658) (19,680)
Repurchase of common stock (3,746) (2,423) (12,942)
Issuance of common stock 9,922 5,496 2,260
Tax impact from issuance of common stock (816) (833) (160)
Net cash used in financing activities (97,577) (137,837) (94,032)
Net Change in Cash and Cash Equivalents 4,404 15,875 (1,619)
Cash and Cash Equivalents at Beginning of Year 106,449 90,574 92,193
Cash and Cash Equivalents at End of Year $ 110,853 $ 106,449 $ 90,574