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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net earnings $ (2,062) $ 40,198
Adjustments to reconcile net earnings to net cash from operating activities:    
Universal life and annuity contract interest (28,026) 80,916
Surrender charges and other policy revenues (7,450) (8,049)
Realized (gains) losses on investments (3,485) (4,629)
Accretion/amortization of discounts and premiums, investments 850 490
Depreciation and amortization 2,885 4,455
Increase (decrease) in estimated credit losses on investments 3,411 0
(Increase) decrease in value of equity securities 5,816 (1,951)
(Increase) decrease in value of derivatives 106,629 (42,003)
(Increase) decrease in deferred policy acquisition and sales inducement costs, and value of business acquired 16,681 20,342
(Increase) decrease in accrued investment income (2,482) (3,195)
(Increase) decrease in other assets 9,399 (1,790)
Increase (decrease) in liabilities for future policy benefits 6,357 (776)
Increase (decrease) in other policyholder liabilities 6,972 (753)
Increase (decrease) in Federal income tax liability (17,030) 19,114
Increase (decrease) in deferred Federal income tax 15,971 (8,823)
Increase (decrease) in other liabilities (8,775) (4,142)
Net cash provided by operating activities 105,661 89,404
Proceeds from sales of:    
Debt securities available for sale 0 73,257
Other investments 9,565 13,193
Proceeds from maturities and redemptions of:    
Debt securities held to maturity 187,973 137,732
Debt securities available for sale 93,326 55,569
Derivatives, index options 52,973 3,047
Purchases of:    
Debt securities held to maturity (75,836) (20,690)
Debt securities available for sale (92,963) (20,474)
Equity securities (488) (262)
Derivatives, index options (22,403) (18,264)
Other investments (11,446) (6,908)
Property and equipment (58) (77)
Payment to acquire businesses, net of cash acquired 0 (189,120)
Principal payments on mortgage loans 2,149 15,171
Cost of mortgage loans acquired (6,996) (17,271)
Decrease (increase) in policy loans 1,972 1,690
Net cash provided by (used in) investing activities 137,768 26,593
Cash flows from financing activities:    
Deposits to account balances for universal life and annuity contracts 117,682 92,153
Return of account balances on universal life and annuity contracts (262,371) (248,890)
Borrowings under line of credit agreement 0 75,000
Principal payments on line of credit borrowings 0 (75,000)
Net cash provided by (used in) financing activities (144,689) (156,737)
Effect of foreign exchange (50) 700
Net increase (decrease) in cash, cash equivalents, and restricted cash 98,690 (40,040)
Cash, cash equivalents, and restricted cash at beginning of period 253,525 131,976
Cash, cash equivalents and restricted cash at end of period 352,215 91,936
Cash paid (received) during the period for:    
Interest 19 19
Income taxes 1 1
Noncash operating activities:    
Net deferral and amortization of sales inducements (3,360) (4,105)
Noncash investing and financing activities:    
Contingent consideration to acquire businesses $ 0 $ 3,700