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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net earnings $ 93,883 $ 94,982
Adjustments to reconcile net earnings to net cash from operating activities:    
Universal life and annuity contract interest 200,500 183,316
Surrender charges and other policy revenues (25,608) (28,429)
Realized (gains) losses on investments (3,702) (5,582)
Accretion/amortization of discounts and premiums, investments 1,798 (86)
Depreciation and amortization 8,185 8,769
(Increase) decrease in value of equity securities (2,639) (254)
(Increase) decrease in value of derivatives (63,127) (35,581)
(Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired 53,837 31,645
(Increase) decrease in accrued investment income 3,837 (4,245)
(Increase) decrease in other assets 280 (12,489)
Increase (decrease) in liabilities for future policy benefits 6,960 (11,566)
Increase (decrease) in other policyholder liabilities (19,847) 1,520
Increase (decrease) in Federal income tax liability 6,486 (696)
Increase (decrease) in deferred Federal income tax (17,502) 4,680
Increase (decrease) in other liabilities (1,340) (3,882)
Net cash provided by operating activities 242,001 222,102
Proceeds from sales of:    
Debt securities available for sale 80,528 13,098
Other investments 35,871 2,749
Proceeds from maturities and redemptions of:    
Debt securities held to maturity 486,344 360,036
Debt securities available for sale 189,944 168,638
Derivatives, index options 28,457 160,094
Property and equipment 0 8
Purchases of:    
Debt securities held to maturity (161,617) (391,548)
Debt securities available for sale (127,811) (228,172)
Equity securities (977) (1,678)
Derivatives, index options (57,443) (63,524)
Other investments (7,314) (5,581)
Property and equipment (2,497) (3,070)
Payment to acquire businesses, net of cash acquired (189,121) 0
Principal payments on mortgage loans 22,384 32,374
Cost of mortgage loans acquired (47,744) (24,803)
Decrease (increase) in policy loans 2,580 1,931
Net cash provided by/(used in) investing activities 251,584 20,552
Cash flows from financing activities:    
Deposits to account balances for universal life and annuity contracts 292,551 442,795
Return of account balances on universal life and annuity contracts (747,260) (749,245)
Net cash provided by (used in) financing activities (454,709) (306,450)
Effect of foreign exchange 657 1,553
Net increase (decrease) in cash and cash equivalents 39,533 (62,243)
Cash and cash equivalents at beginning of period 131,976 217,624
Cash and cash equivalents at end of period 171,509 155,381
Cash paid (received) during the period for:    
Interest 252 30
Income taxes 34,758 19,683
Noncash operating activities:    
Net deferral and amortization of sales inducements (13,501) (8,152)
Noncash investing activities:    
Contingent consideration to acquire businesses $ 3,965 $ 0