CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net income	$ 147,971	$ 331,410
Adjustments to reconcile net income to net cash provided by operating activities:
Realized investment (gains) losses	56,304	(242,364)
Amortization of DAC and VOBA	44,238	52,105
Capitalization of DAC	(135,010)	(163,578)
Depreciation and amortization expense	30,347	24,361
Deferred income tax	43,897	225,255
Accrued income tax	1,010	(80,535)
Interest credited to universal life and investment products	326,949	365,702
Policy fees assessed on universal life and investment products	(666,174)	(633,366)
Change in reinsurance receivables	87,835	101,034
Change in accrued investment income and other receivables	19,622	(63,753)
Change in policy liabilities and other policyholders’ funds of traditional life and health products	(169,825)	(187,989)
Trading securities:
Maturities and principal reductions of investments	77,697	54,710
Sale of investments	136,007	299,517
Cost of investments acquired	(193,774)	(331,920)
Other net change in trading securities	12,504	31,036
Amortization of premiums and accretion of discounts on investments and mortgage loans	218,944	195,147
Change in other liabilities	116,147	301,898
Other, net	(92,287)	(8,653)
Net cash provided by operating activities	62,402	270,017
Cash flows from investing activities
Maturities and principal reductions of investments, available-for-sale	349,560	630,055
Sale of investments, available-for-sale	859,788	1,209,832
Cost of investments acquired, available-for-sale	(1,455,068)	(2,746,767)
Change in investments, held-to-maturity	21,000	(2,188,000)
Mortgage loans:
New lendings	(745,445)	(575,386)
Repayments	373,836	457,181
Change in investment real estate, net	1,546	3,883
Change in policy loans, net	15,431	29,290
Change in other long-term investments, net	(6,244)	(66,928)
Change in short-term investments, net	(53,104)	(4,060)
Net unsettled security transactions	11,312	112,433
Purchase of property, equipment, and intangibles	(15,515)	(4,502)
Amounts received from reinsurance transaction	0	325,800
Net cash used in investing activities	(642,903)	(2,817,169)
Cash flows from financing activities
Issuance (repayment) of non-recourse funding obligations	(21,000)	2,176,700
Secured financing liabilities	(357,596)	(278,185)
Dividends/Return of capital to parent company	(140,000)	(280,000)
Investment product deposits and change in universal life deposits	2,240,760	2,219,455
Investment product withdrawals	(1,111,905)	(1,208,033)
Net cash provided by financing activities	610,259	2,629,937
Change in cash	29,758	82,785
Cash at beginning of period	214,439	212,358
Cash at end of period	$ 244,197	$ 295,143