CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities
Net income	$ 296,512	$ 70,543
Adjustments to reconcile net income to net cash used in operating activities:
Realized investment (gains) losses	(96,623)	76,958
Amortization of DAC and VOBA	64,210	110,703
Capitalization of DAC	(237,576)	(225,705)
Depreciation and amortization expense	36,880	33,335
Deferred income tax	(226,166)	(44,728)
Accrued income tax	43,854	118,580
Interest credited to universal life and investment products	593,993	389,009
Policy fees assessed on universal life and investment products	(829,697)	(748,474)
Change in reinsurance receivables	210,233	118,809
Change in accrued investment income and other receivables	21,636	6,506
Change in policy liabilities and other policyholders’ funds of traditional life and health products	(352,503)	(224,050)
Trading securities:
Maturities and principal reductions of investments	54,501	117,994
Sale of investments	254,573	118,370
Cost of investments acquired	(204,187)	(206,741)
Other net change in trading securities	(43,145)	13,791
Amortization of premiums and accretion of discounts on investments and mortgage loans	147,427	150,283
Change in other liabilities	267,006	74,343
Other, net	(87,065)	30,565
Net cash used in operating activities	(86,137)	(19,909)
Cash flows from investing activities
Maturities and principal reductions of investments, available-for-sale	898,461	589,668
Sale of investments, available-for-sale	2,019,496	1,415,134
Cost of investments acquired, available-for-sale	(3,235,873)	(2,118,059)
Change in investments, held-to-maturity	55,000	39,000
Mortgage loans:
New lendings	(476,310)	(811,103)
Repayments	518,663	494,729
Change in investment real estate, net	178	615
Change in policy loans, net	30,778	25,361
Change in other long-term investments, net	64,968	(224,526)
Change in short-term investments, net	(340,603)	(77,639)
Net unsettled security transactions	(263,560)	141,791
Purchase of property, equipment, and intangibles	(15,235)	(6,696)
Cash received from reinsurance transaction	0	20,669
Payment for business acquisition, net of cash acquired	(731,457)	0
Net cash provided by investing activities	(1,475,494)	(511,056)
Cash flows from financing activities
Borrowings under subordinated debt	0	110,000
Issuance (repayment) of non-recourse funding obligations	(55,000)	(38,987)
Secured financing liabilities	(368,445)	(913,210)
Capital contributions from parent	850,000	0
Deposits to universal life and investment contracts	3,309,880	2,959,133
Withdrawals from universal life and investment contracts	(2,149,967)	(1,600,400)
Other financing activities, net	(485)	(194)
Net cash provided by financing activities	1,585,983	516,342
Change in cash	24,352	(14,623)
Cash at beginning of period	151,400	178,855
Cash at end of period	$ 175,752	$ 164,232