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Schedule II - Condensed Financial Information of Registrant (Condensed Statements of Cash Flows) (Details) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Operating activities      
Net income $ 253,283 $ 57,798 $ 86,248
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in fair value of 2015 notes embedded conversion derivative 133,968 286,899 (105,194)
Provision for depreciation and amortization 18,375 18,404 18,970
Amortization of premium on fixed maturity security 6,861 (69,828) (154,483)
Change in fair value of derivatives (1,076,015) (221,138) 112,608
Realized gain on investments (40,561) 6,454 18,641
Loss on extinguishment of debt 32,515 0 0
Share-based compensation 10,476 6,552 9,339
ESOP compensation 3,500 1,100 1,300
Deferred income taxes (benefits) 3,013 (52,336) (80,869)
Other (7,059) (857) 59
Changes in operating assets and liabilities:      
Other assets 1,113 (7,090) 5,005
Other liabilities (11,435) 5,927 (77,082)
Net cash provided by operating activities 862,668 784,314 277,791
Investing activities      
Net cash provided by (used in) investing activities (3,879,296) (2,129,490) (3,605,833)
Financing activities      
Financing fees incurred and deferred (11,942) 0 (1,566)
Repayment of notes payable (234,154) 0 (46,251)
Net proceeds from settlement of notes hedge and warrants 22,170 0 0
Repayment of subordinated debentures 0 (1,141) 0
Excess tax benefits realized from share-based compensation plans 4,043 481 1,061
Proceeds from issuance of common stock 31,764 5,741 4,686
Dividends paid (12,643) (9,203) (6,916)
Net cash provided by (used in) financing activities 2,645,612 2,208,769 3,135,228
Increase (decrease) in cash and cash equivalents (371,016) 863,593 (192,814)
Cash and cash equivalents at beginning of year 1,268,545 404,952 597,766
Cash and cash equivalents at end of year 897,529 1,268,545 404,952
Supplemental disclosures of cash flow information      
Interest paid 25,608 27,666 30,650
Non-cash financing activity:      
Conversion of subordinated debentures 0 20,770 0
Common stock issued in extinguishment of debt 117,463 0 0
Parent Company [Member]
     
Operating activities      
Net income 253,283 57,798 86,248
Adjustments to reconcile net income to net cash provided by operating activities:      
Change in fair value of 2015 notes embedded conversion derivative 141,974 (2,488) (21,002)
Provision for depreciation and amortization 2,831 2,382 2,395
Accrual of discount on equity security (5) (5) (5)
Equity in undistributed income of subsidiaries (279,961) (65,777) (97,314)
Amortization of premium on fixed maturity security 0 0 1,005
Accrual of discount on contingent convertible notes 12,417 12,261 13,024
Change in fair value of derivatives (144,012) 7,472 21,002
Realized gain on investments 0 0 (18)
Loss on extinguishment of debt 32,515 0 0
Accrual of discount on debenture issued to subsidiary trust 181 169 158
Share-based compensation 1,407 1,348 866
ESOP compensation 110 45 45
Deferred income taxes (benefits) (5,202) (2,838) (4,355)
Other (3,608) 0 0
Changes in operating assets and liabilities:      
Receivable from subsidiaries 995 1,205 1,596
Federal income tax recoverable 62 (2,745) 142
Other assets (1,945) (549) 1,702
Other liabilities 20,131 (4,528) (1,562)
Net cash provided by operating activities 31,173 3,750 3,927
Investing activities      
Capital contributions to subsidiaries 0 0 (2,450)
Purchase of fixed maturity security 0 0 (53,610)
Sales, maturities or repayments of fixed maturity securities—available for sale 0 0 52,623
Net cash provided by (used in) investing activities 0 0 (3,437)
Financing activities      
Financing fees incurred and deferred (11,942) 0 (1,566)
Proceeds from notes payable 415,000 0 0
Repayment of notes payable (234,154) 0 (46,251)
Net proceeds from settlement of notes hedge and warrants 22,170 0 0
Repayment of subordinated debentures 0 (1,141) 0
Excess tax benefits realized from share-based compensation plans 159 6 28
Proceeds from issuance of common stock 31,764 5,370 4,686
Dividends paid (12,849) (9,374) (7,102)
Net cash provided by (used in) financing activities 210,148 (5,139) (50,205)
Increase (decrease) in cash and cash equivalents 241,321 (1,389) (49,715)
Cash and cash equivalents at beginning of year 11,220 12,609 62,324
Cash and cash equivalents at end of year 252,541 11,220 12,609
Non-cash financing activity:      
Conversion of subordinated debentures 0 20,770 0
Common stock issued in extinguishment of debt 117,463 0 0
Parent Company [Member] | Convertible Senior Notes [Member]
     
Supplemental disclosures of cash flow information      
Interest paid 13,758 14,564 16,917
Parent Company [Member] | Convertible Subordinated Debentures [Member]
     
Supplemental disclosures of cash flow information      
Interest paid $ 11,850 $ 13,102 $ 13,703