CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net income	$ 486,936	$ 149,067
Adjustments to reconcile net income to net cash used in operating activities:
Realized investment (gains) losses	(216,308)	123,838
Amortization of DAC and VOBA	125,560	144,172
Capitalization of DAC	(341,481)	(333,222)
Depreciation and amortization expense	55,415	50,205
Deferred income tax	(189,599)	(52,071)
Accrued income tax	(63,824)	80,576
Interest credited to universal life and investment products	954,213	689,612
Policy fees assessed on universal life and investment products	(1,269,614)	(1,139,583)
Change in reinsurance receivables	292,029	268,866
Change in accrued investment income and other receivables	(14,148)	2,059
Change in policy liabilities and other policyholders’ funds of traditional life and health products	(545,930)	(469,982)
Trading securities:
Maturities and principal reductions of investments	82,603	140,851
Sale of investments	327,852	307,632
Cost of investments acquired	(270,800)	(403,355)
Other net change in trading securities	(57,240)	10,641
Amortization of premiums and accretion of discounts on investments and mortgage loans	238,086	232,448
Change in other liabilities	551,569	98,321
Other, net	(159,074)	(27,321)
Net cash used in operating activities	(13,755)	(127,246)
Cash flows from investing activities
Maturities and principal reductions of investments, available-for-sale	1,339,764	895,175
Sale of investments, available-for-sale	3,149,829	1,932,956
Cost of investments acquired, available-for-sale	(4,827,926)	(3,942,180)
Change in investments, held-to-maturity	86,000	62,000
Mortgage loans:
New lendings	(968,656)	(1,185,316)
Repayments	723,325	797,450
Change in investment real estate, net	(319)	647
Change in policy loans, net	53,056	43,642
Change in other long-term investments, net	83,286	(293,208)
Change in short-term investments, net	(310,120)	160,149
Net unsettled security transactions	(154,791)	84,036
Purchase of property, equipment, and intangibles	(22,425)	(9,629)
Cash received from reinsurance transaction	0	20,669
Payment for business acquisition, net of cash acquired	(777,807)	0
Net cash used in investing activities	(1,626,784)	(1,433,609)
Cash flows from financing activities
Borrowings under subordinated debt	0	110,000
Issuance (repayment) of non-recourse funding obligations	(86,000)	(61,981)
Secured financing liabilities	(142,575)	(503,336)
Capital contributions from parent	850,000	0
Deposits to universal life and investment contracts	4,258,248	4,416,962
Withdrawals from universal life and investment contracts	(3,166,505)	(2,418,181)
Other financing activities, net	(729)	(291)
Net cash provided by financing activities	1,712,439	1,543,173
Change in cash	71,900	(17,682)
Cash at beginning of period	151,400	178,855
Cash at end of period	$ 223,300	$ 161,173